Rafia Polymers Private Limited
About Rafia Polymers Private Limited
Data last updated:
Rafia Polymers Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 01 February 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24134KA1985PTC006667. Its GSTIN is 29AAACR8013R1ZT (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16.72 Lakh. It is led by directors Amit Bagri (Whole-Time Director) and Om Prakash Bagri (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 8 – C/1 Industrial Area B.K.Kangralli Belgaum, Karnataka, India – 590010.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.23 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹6.8 Lakh (net margin 0.6%) and EBITDA of ₹22.96 Lakh (EBITDA margin 1.9%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 8% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.47 Cr and satisfied charges of ₹1.71 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address8 – C/1 Industrial Area B.K.Kangralli Belgaum, Karnataka, India – 590010
- IndustryPackaging, Woven Packaging Products
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Rafia Polymers Private Limited
The main business activity of Rafia Polymers is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rafia Polymers Private Limited FY 2025 filings available
Rafia Polymers Private Limited reported revenue of ₹12.23 Cr (down 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rafia Polymers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 38% fall in the latest year. EBITDA fell 60% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Rafia Polymers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹22.96 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.8 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Rafia Polymers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rafia Polymers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Rafia Polymers Private Limited
Rafia Polymers Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Polymers, Woven Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stable Polyfab Private Limited | ₹12.42 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Haryana, India |
| Tuff Coat Polymers Private Limited | ₹12.38 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Pune, Maharashtra, India |
| DKP Polymers Private Limited | ₹12.36 Cr (FY 2025) | •••• | •••• | 1141.0% | •••• | Vadodara, Gujarat, India |
| Chrome International Company Limited | ₹12.36 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Rajasthan, India |
| Hanumant Polymers Private Limited | ₹12.35 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Delhi, India |
| Rafia Polymers Private Limited this company | ₹12.23 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Belgaum, Karnataka, India |
| Ys Polymers Private Limited | ₹12.23 Cr (FY 2024) | •••• | •••• | 58.0% | •••• | Delhi, India |
| Amber Polytex Private Limited | ₹12.22 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Junagadh, Gujarat, India |
| Taprath Polymers Private Limited | ₹12.12 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
| Agrawal Agropack Private Limited | ₹12.09 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Pipariya, Madhya Pradesh, India |
| Kangaru Polymers Private Limited | ₹12.06 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Rafia Polymers by revenue in the Packaging industry (Polymers, Woven Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rafia Polymers Private Limited
Rafia Polymers Private Limited is audited by Rajendra Sanjeev & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rajendra Sanjeev & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Rafia Polymers Private Limited
Rafia Polymers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Bagri | Whole-Time Director | 16 Jun 1995 | 31 Years 3 Months | Current |
| Om Prakash Bagri Also directs: Deepak Roller Flour Mills Private Limited | Whole-Time Director | 16 Sep 1993 | 33 Years 0 Months | Current |
Ownership and Shareholding of Rafia Polymers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rafia Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2023 | Others | ₹21.95 Lakh | Open |
| 28 Jul 2012 | Others | ₹2.15 Cr | Open |
| 26 Sep 1996 | The Saraswat Co-Operative Bank Ltd | ₹10 Lakh | Open |
| 28 Sep 2006 | The Saraswat Co-Operative Bank Ltd | ₹4.3 Lakh | Satisfied |
| 28 Sep 2006 | The Saraswat Co-Operative Bank Ltd | ₹4.3 Lakh | Satisfied |
Total charge records: 10 View all charges
Legal Cases of Rafia Polymers Private Limited
Rafia Polymers Private Limited has 1 court case on record: 1 filed by Rafia Polymers. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Labour Commissioner | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Rafia Polymers Private Limited
Rafia Polymers Private Limited has a workforce of 26 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rafia Polymers Private Limited
Rafia Polymers Private Limited has 4 board changes on record since 1993: 2 appointments and 2 cessations. The latest: Amit Bagri ceased to be Director on 01 Oct 2014.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rafia Polymers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rafia Polymers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rafia Polymers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rafia Polymers Private Limited
Rafia Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACR8013R1ZT | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rafia Polymers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rafia Polymers Private Limited
Rafia Polymers is an active private limited company based in Belgaum, Karnataka, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 01 February 1985 (41+ years old) and is registered under CIN U24134KA1985PTC006667.
Rafia Polymers reported revenue of ₹12.23 Cr for FY 2025 (down 38% YoY).
Rafia Polymers has 2 current directors:
- Amit Bagri - Whole-Time Director
- Om Prakash Bagri - Whole-Time Director
Rafia Polymers reported a net profit of ₹6.8 Lakh (net margin 0.6%) and EBITDA of ₹22.96 Lakh (EBITDA margin 1.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rafia Polymers is -20% over three years and -8% over five years. In the latest year (FY 2025) revenue fell 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rafia Polymers is 29AAACR8013R1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Rafia Polymers is U24134KA1985PTC006667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rafia Polymers has 1 court case on record: 1 filed by the company.
Rafia Polymers was incorporated on 01 February 1985, making it 41+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Rafia Polymers by revenue are Stable Polyfab Private Limited, Tuff Coat Polymers Private Limited, DKP Polymers Private Limited, Chrome International Company Limited, Hanumant Polymers Private Limited and 5 more, all in the Packaging industry (Polymers, Woven Products).
Amit Bagri ceased to be Director on 01 Oct 2014. Om Prakash Bagri ceased to be Director on 01 Oct 2014. Amit Bagri was appointed as Whole-Time Director on 16 Jun 1995. Rafia Polymers has 4 board changes on record in total.