Thor Polymers Private Limited
About Thor Polymers Private Limited
Data last updated:
Thor Polymers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 11 July 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24134MH1988PTC048062. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.02 Lakh. It is led by directors Justin Martins and Raoul Ajai Verma.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7 – B Trust House 7th Floor 35 Hospital Avenue Dr. E. Borges Road, Mumbai, Maharashtra, India – 400012.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.87 Lakh. For the same year it recorded a net loss of ₹16,800 (net margin -9%) and EBITDA of -₹1.92 Lakh (EBITDA margin -102.7%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 66% over five years.
As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹68 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address7 – B Trust House 7th Floor 35 Hospital Avenue Dr. E. Borges Road, Mumbai, Maharashtra, India – 400012
- IndustryManufacturing, Plastic-Based 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
Financials of Thor Polymers Private Limited FY 2025 filings available
Thor Polymers Private Limited reported revenue of ₹1.87 Lakh for FY 2022.
Compounded Annual Growth Rate (CAGR) of Thor Polymers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years. 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 Thor Polymers Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.87 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.92 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16,800 | •••• | •••• | •••• | •••• |
| 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 Thor Polymers Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -102.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -9% | •••• | •••• | •••• | •••• |
| 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 Thor 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.
Auditor Details of Thor Polymers Private Limited
Thor Polymers Private Limited is audited by PATKAR & PENDSE for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PATKAR & PENDSE | 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 Thor Polymers Private Limited
Thor Polymers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Justin Martins Also directs: Platonic LLP, Atl Live Private Limited | Director | 01 Apr 2005 | 21 Years 6 Months | Current |
| Raoul Ajai Verma | Director | 01 Apr 2005 | 21 Years 6 Months | Current |
Ownership and Shareholding of Thor 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 Thor Polymers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jul 2005 | Indian Overseas Bank | ₹1 Cr | Open |
| 31 May 1988 | The Bank of Nova Scotia | ₹68 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Thor Polymers Private Limited
Employment history and EPFO contributions of people linked to Thor 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.
Recent Activity on Thor Polymers Private Limited
Thor Polymers Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Justin Martins was appointed as Director on 01 Apr 2005.
Credit Ratings, Litigation & Regulatory Alerts for Thor 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 Thor 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 Thor 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 Thor Polymers Private Limited
Thor Polymers has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Thor 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 Thor Polymers Private Limited
Thor Polymers is an active private limited company based in Mumbai, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 11 July 1988 (38+ years old) and is registered under CIN U24134MH1988PTC048062.
Thor Polymers reported revenue of ₹1.87 Lakh for FY 2022.
Thor Polymers has 2 current directors:
- Justin Martins - Director
- Raoul Ajai Verma - Director
Thor Polymers reported a net loss of ₹16,800 (net margin -9%) and EBITDA of -₹1.92 Lakh (EBITDA margin -102.7%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thor Polymers is -72% over three years and -66% over five years. CAGR is the steady yearly rate that links the first and the last year.
No. Thor Polymers has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Thor Polymers is U24134MH1988PTC048062. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thor Polymers was incorporated on 11 July 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Justin Martins was appointed as Director on 01 Apr 2005. Raoul Ajai Verma was appointed as Director on 01 Apr 2005.
The registered office of Thor Polymers is at 7 – B Trust House 7th Floor 35 Hospital Avenue Dr. E. Borges Road, Mumbai, Maharashtra, India – 400012.