Promoter holding
64.27%
PT
Polymac Thermoformers Limited - Due diligence report
A 360° intelligence report on Polymac Thermoformers: trust score, financial health, credit view, compliance, directors, growth and distress …
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Polymac Thermoformers — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Polymac Thermoformers is assessed as Low Risk with a Trust Score of 75/100. Polymac Thermoformers is an active public limited indian non-government company incorporated in 1999, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.
Report generated on 08 Jul 2026 from the latest processed filings. Polymac Thermoformers Limited snapshot & full profile →
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 & explainableTrust ScoreLow Risk
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
53/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (MSE).
Charges position: 7 open (19.20 cr) · 5 satisfied (26.64 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 4 | 48.0 cr |
| West Bengal Financial Corporation | 1 | 48.0 cr |
| Union Bank Of India | 1 | 48.0 cr |
| Canara Bank | 1 | 48.0 cr |
| Hdfc Bank Limited | 3 | 48.0 cr |
| Allahabad Bank | 1 | 48.0 cr |
Compliance Score: 53/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 1 court forum(s).
- 2 auditor resignation(s) filed - latest: KGR AND ASSOCIATES on 2021-08-30.
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ANJALI GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SOURAV MONDAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHAY GOENKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PUSPJEET KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAMOD KUMAR AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Neha Modi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / 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
-
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Astrest Tradecom Limited | Subsidiary Company | 74.00% |
| Beetum Retail India Limited | Subsidiary Company | 74.00% |
| Ecstasy Dealcom Limited | Subsidiary Company | 74.00% |
| Feaster Trading Limited | Subsidiary Company | 74.00% |
| Flitter Dealmark Limited | Subsidiary Company | 74.00% |
| Fricker Tradecom Limited | Subsidiary Company | 74.00% |
| Friter Tradecom Limited | Subsidiary Company | 74.00% |
| Fromstum Industries Limited | Subsidiary Company | 74.00% |
| Furnum Tradecom Limited | Subsidiary Company | 74.00% |
| Glastom Traders Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SOURAV MONDAL (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 65
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Operating for 26+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Compliance score is weak (53/100).
7 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 19.20 cr already registered.
- Compliance gaps should be priced into terms.
Investor view71/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events07 Nov 2025
Director appointed
Neha Modi (Additional Director)
26 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Sep 2022
Director ceased
ABHAY GOENKA
14 Feb 2022
Charge created
Hdfc Bank Limited - 6.96 Lakh
03 Feb 2022
Charge created
Others - 16.51 cr
24 Dec 2021
Charge created
Canara Bank - 29.50 Lakh
18 Dec 2021
Director ceased
AMIT RATHI
17 Dec 2021
Director appointed
ABHAY GOENKA (Director)
06 Dec 2021
Charge satisfied
Others
20 Oct 2021
Charge created
Others - 2.16 cr
08 Oct 2021
Director appointed
ANJALI GUPTA (Company Secretary)
31 Aug 2021
Director appointed
SOURAV MONDAL (CFO)
21 Apr 2021
Charge created
Hdfc Bank Limited - 6.26 Lakh
13 Apr 2021
Director ceased
VARSHA GUPTA
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of MSE from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Integrated Thermoplastics Limited | L25209TG1994PLC016939 | Andhra Pradesh, Telangana, India |
| Billwin Industries | L18104MH2014PLC252842 | Mumbai, Maharashtra, India |
| 20 Mcc Private Limited | U25200GJ1992PTC018109 | Waghodia, Gujarat, India |
| Origin Mouldings Private Limited | U25206KA1999PTC025194 | Bangalore, Karnataka, India |
| Krishi Polymers Private Limited | U25206KA2004PTC035224 | Bangalore, Karnataka, India |
| Garvit Green Industries Private Limited | U21000DL2020PTC360125 | Delhi, Delhi, India |
| Epack Polymers | L74999UP1999PLC116066 | Greater Noida, Uttar Pradesh, India |
| Narang Plastics | U25209KA1981PTC029118 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Polymac Thermoformers before audits and certifications: compliance score 53/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Polymac Thermoformers: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Polymac Thermoformers - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Polymac Thermoformers pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Polymac Thermoformers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Polymac Thermoformers an active company?
Polymac Thermoformers has MCA status “Active” with a compliance score of 53/100 (Moderate).
Is Polymac Thermoformers financially healthy?
Polymac Thermoformers has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Polymac Thermoformers?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Polymac Thermoformers?
Promoters hold the largest single block of equity - exact percentages are in the full report. 6 active director(s) are on record.
Does Polymac Thermoformers have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Polymac Thermoformers up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 53/100 (Moderate).
Is it risky to lend to Polymac Thermoformers?
Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
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.
