Polar Pharma India Limited - Due diligence report

A 360° intelligence report on Polar Industries: trust score, financial health, credit view, compliance, directors, growth and distress signa…

1988-12-20 Balasore, Orissa Under Liquidation Listed
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Polar Industries — 360° Intelligence Report

Generated from MCA filings & public records
43/100
Trust Score
Caution Indicated

Polar Industries is assessed as Caution Indicated with a Trust Score of 43/100. Polar Industries is a public limited indian non-government company incorporated in 1988, operating in the Healthcare sector. Processed financial statements are not yet available for trend analysis. Based on MCA filings and public records, it currently shows a high compliance risk and an unassessed financial risk profile.

Report generated on 12 Aug 2026 from the latest processed filings. Polar Pharma India Limited snapshot & full profile →

Financial Health › No Data
Overall Assessment CautionWeakNeutralGoodStrong Weak
Compliance › Caution

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreCaution Indicated
43/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreNo Data
N/A
No processed financial statements available yet.
Credit Risk ScoreNo Data
N/A
Financial statements needed for a credit view.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreNo Data
N/A
Needs at least two filed years to measure growth.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

No processed financials
Financial statements are not yet processed for this company. Trend analysis will appear once filings are available.
04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: N/A No Data
  • Financial statements needed for a credit view.

Charges position: 27 open (119.20 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Allahabad Bank10 48.0 cr
Others6 48.0 cr
State Bank 0F Hyderabad2 48.0 cr
State Bank Of Hyderabad4 48.0 cr
Phoenix Arc Private Limited2 48.0 cr
State Bank Of Hydeerabad1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Liquidation" - not Active.
  • Last balance sheet is for Mar 2012 - filings overdue.
  • Flagged by authority: BSE, NSDL, DSE.
  • Litigation present in 3 court forum(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
SUNIL AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
VED PRAKASH JAIN 01234567 Director 01/04/2018 6 yrs Approved
KISHAN LAL SHARMA 01234567 Director 01/04/2018 6 yrs Approved
ANIL KUMAR AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • SUNIL AGARWAL has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
-

Key managerial personnel: SUNIL AGARWAL (Whole-time director) · ANIL KUMAR AGARWAL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth N/A · Distress 55
Growth signals & trust indicators
Operating for 37+ years.
Active EPFO - real payroll on record.
Financials unavailable - score leans on compliance and governance signals.
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
27 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence31/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • No financials on record - ask for audited statements.
Banker assessment15/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • No filed financials - rely on banking statements and GST data.
  • 27 open charge(s) of 119.20 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view23/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Request management accounts - public filings insufficient.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
20 Dec 2012
Director ceased
MADHUSUDAN MISHRA
06 Dec 2012
Director ceased
RUPA GUPTA
29 Sep 2012
Director ceased
KISHAN LAL SHARMA
Last AGM held
Annual general meeting
31 Mar 2012
Latest balance sheet
Filed with ROC
05 Jan 2012
Director appointed
KISHAN LAL SHARMA (Director)
29 Sep 2010
Director ceased
UMA SHANKAR SANGANERIA
14 Jan 2010
Director ceased
RAM KRISHNA BASU
28 Sep 2009
Director ceased
PABITRA ADITYA GORA
25 Aug 2009
Director ceased
VED PRAKASH JAIN
Director ceased
GORA CHAND GHOSE
28 Apr 2009
Director ceased
SUSHIL DHANDHANIA KUMAR
07 Apr 2009
Director appointed
VED PRAKASH JAIN (Director)
06 Dec 2008
Director ceased
ASOKE KUMAR BANERJEE
01 Dec 2008
Director ceased
NAND GOPAL KHAITAN
10

Key Observations

Auto-generated from the data above
4 active director(s) / partner(s); review board churn before relying on management continuity.
EPFO-registered employer - verifiable payroll history exists.
11

Peers & Related Companies

Full peer comparison →
Peer companies will appear here as our matching engine processes this industry.
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Polar Industries before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Polar Industries: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score pending financials, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score n/a, margin trends, ownership structure and peer set for Polar Industries - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 43/100, distress signals and MSME payment-delay disclosures - know whether Polar Industries pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Polar Industries - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Polar Industries an active company?

Polar Industries has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).

Is Polar Industries financially healthy?

Processed financial statements are not yet available for Polar Industries, so its financial health is unassessed.

Should I do business with Polar Industries?

Its overall Trust Score is 43/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Polar Industries?

See the directors and ownership sections above for board and shareholding detail. 4 active director(s) are on record.

Does Polar Industries have loans or charges against its assets?

27 open charge(s) are registered against its assets.

Is Polar Industries up to date with its ROC filings?

Last balance sheet is for Mar 2012 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Polar Industries?

Filed financial statements are needed for a credit view - ask the company for audited statements and bank statements.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.