About Reaselack Polymers Private Limited
Data last updated:
Reaselack Polymers Private Limited is a private limited company based in Secundrabad, Telangana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 18 April 1995.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U25209TG1995PTC020021. Its GSTIN is 27AAACR8704M1Z1 (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.81 Cr. It is led by directors including Kallat Vatsa Kumar (Irp/Rp/Liquidator) and Nagarjuna Rao Chakilam (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 5 – 4 – 57 First Floor 'Shri Khrishna Govind Complex' Distillery Road, Secundrabad, Telangana, India – 500003.
As per the financials filed for FY 2021, the company reported a revenue of ₹4.81 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹48.83 Lakh (net margin -10.1%) and EBITDA of ₹61.22 Lakh (EBITDA margin 12.7%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 23% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹18.8 Cr on record.
The last known website on record is reaselackpolymers.com.
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- Website
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- Registered Address5 – 4 – 57 First Floor 'Shri Khrishna Govind Complex' Distillery Road, Secundrabad, Telangana, India – 500003
- IndustryManufacturing, Pipe & Tubes
- 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
CIN History of Reaselack Polymers Private Limited
Reaselack Polymers has one previous CIN (Corporate Identification Number): U25209AP1995PTC020021. The current CIN is U25209TG1995PTC020021, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209TG1995PTC020021 | Current |
| U25209AP1995PTC020021 | Previous |
Business Activity of Reaselack Polymers Private Limited
The main business activity of Reaselack Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | 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.
Auditor Details of Reaselack Polymers Private Limited
Reaselack Polymers Private Limited is audited by A R DAMLE & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A R DAMLE & ASSOCIATES | 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 Reaselack Polymers Private Limited
Reaselack Polymers has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kallat Vatsa Kumar Also directs: Global Insolvency Professionals Private Limited | Irp/Rp/Liquidator | 31 Oct 2023 | 2 Years 11 Months | As last reported |
| Nagarjuna Rao Chakilam Also directs: Global Insolvency Professionals Private Limited | Irp/Rp/Liquidator | 02 Apr 2024 | 2 Years 6 Months | As last reported |
| Pradeep Jaikishan Damani | Director | 11 Oct 2012 | 13 Years 11 Months | As last reported |
| Jayshree Pradeep Damani Also directs: Adya Moto-Craft Private Limited | Director | 28 Jun 2017 | 9 Years 3 Months | As last reported |
Financials of Reaselack Polymers Private Limited FY 2021 filings available
Reaselack Polymers Private Limited reported revenue of ₹4.81 Cr (down 43% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Reaselack Polymers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 43% fall in the latest year. EBITDA fell 38% 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 Reaselack Polymers Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹61.22 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹48.83 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 | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Reaselack Polymers Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -10.1% | •••• | •••• | •••• | •••• |
| 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 Reaselack 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.
Ownership and Shareholding of Reaselack 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 Reaselack Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 2019 | Indian Bank | ₹4.41 Cr | Satisfied |
| 09 Oct 2019 | Others | ₹30 Lakh | Satisfied |
| 28 Mar 2018 | Others | ₹76 Lakh | Satisfied |
| 19 Dec 2017 | Others | ₹32.5 Lakh | Satisfied |
| 08 Sep 2017 | Others | ₹2 Cr | Satisfied |
Total charge records: 9 View all charges
Employees and EPFO Compliance at Reaselack Polymers Private Limited
Employment history and EPFO contributions of people linked to Reaselack Polymers.
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.
GST Compliance of Reaselack Polymers Private Limited
Reaselack Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR8704M1Z1 | Maharashtra | 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.
Credit Ratings, Litigation & Regulatory Alerts for Reaselack 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 Reaselack 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 Reaselack 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.
MCA Filings & Documents of Reaselack 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.
Recent Activity on Reaselack Polymers Private Limited
Frequently Asked Questions about Reaselack Polymers Private Limited
Reaselack Polymers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Reaselack Polymers is a company under insolvency, formerly operating as a private limited company based in Secundrabad, Telangana, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 18 April 1995 and is registered under CIN U25209TG1995PTC020021. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Reaselack Polymers reported revenue of ₹4.81 Cr for FY 2021 (down 43% YoY).
Reaselack Polymers has 4 current directors:
- Pradeep Jaikishan Damani - Director
- Jayshree Pradeep Damani - Director
- Kallat Vatsa Kumar - Irp/Rp/Liquidator
- Nagarjuna Rao Chakilam - Irp/Rp/Liquidator
Reaselack Polymers reported a net loss of ₹48.83 Lakh (net margin -10.1%) and EBITDA of ₹61.22 Lakh (EBITDA margin 12.7%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Reaselack Polymers is -34% over three years and -23% over five years. In the latest year (FY 2021) revenue fell 43%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Reaselack Polymers is U25209TG1995PTC020021. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reaselack Polymers has no open charges and satisfied charges of ₹18.8 Cr as per latest MCA filings.
Reaselack Polymers was incorporated on 18 April 1995. It is registered with the Registrar of Companies, Hyderabad.