Promoter holding
64.27%
PE
Polyspin Exports Limited - Due diligence report
A 360° intelligence report on Polyspin Exports: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Polyspin Exports — 360° Intelligence Report
Generated from MCA filings & public records80/100
Trust Score
Low Risk
Polyspin Exports is assessed as Low Risk with a Trust Score of 80/100. Polyspin Exports is an active public limited indian non-government company incorporated in 1985, operating in the Packaging sector. Reported revenue has declined 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 14 Jul 2026 from the latest processed filings. Polyspin Exports 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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
55/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
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 ScoreLow Risk
90/100
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
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (BBB-).
Charges position: 11 open (120.30 cr) · 30 satisfied (86.60 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 2 | 48.0 cr |
| City Union Bank Limited | 12 | 48.0 cr |
| City Union Bank Ltd | 2 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Others | 10 | 48.0 cr |
| City Union Bank Ltd. | 5 | 48.0 cr |
Compliance Score: 55/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: EPFO.
- Litigation present in 1 court forum(s).
- Delayed payments to MSME suppliers disclosed (29 disclosure(s)).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAMAMIRTHAM SUNDHARAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SENGALIPURAM RAMAMURTHY SUBRAMANIAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH DEVARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SINTHALAPADI RAMAKRISHNA RAJA VENKATANARAYANA RAJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENGISANAM SESHAGIRI RAJU JAGDISH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANKAR RAJA SEENIVASA VARATHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AYYANAR EMARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMMOHANRAJA RAMJI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DURGA RAMJI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SINTHALAPADI VENUGOPAL RAJA RAVI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 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 a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Lankaspin Private Limited | Associate Company | 74.00% |
Key managerial personnel: SANKAR RAJA SEENIVASA VARATHAN (CFO) · RAMMOHANRAJA RAMJI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 90
Growth signals & trust indicators
Profit expanded 38% year-on-year.
Net margin improved to 1.42.
EPFO headcount growing - hiring signal.
Operating for 41+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Compliance score is weak (55/100).
11 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 91.72 Lakh.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence73/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 11 open charge(s) of 120.30 cr already registered.
- Compliance gaps should be priced into terms.
Investor view74/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 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
Charge satisfied
Axis Bank Limited
29 Aug 2025
Last AGM held
Annual general meeting
09 Jul 2025
Charge created
Others - 24.00 Lakh
09 Apr 2025
Charge created
Others - 3.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
19 Nov 2024
Charge created
Others - 14.98 Lakh
18 Nov 2024
Charge created
Others - 24.00 Lakh
29 Jun 2024
Charge created
Others - 30.00 Lakh
21 Oct 2023
Charge created
Axis Bank Limited - 2.51 cr
30 Sep 2023
Charge created
Others - 11.66 Lakh
Charge created
Others - 29.28 Lakh
23 Sep 2023
Charge created
Others - 18.00 Lakh
30 Aug 2023
Charge created
State Bank Of India - 93.25 cr
13 Jul 2023
Charge created
Axis Bank Limited - 2.76 cr
28 Jun 2023
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
Carries an external credit rating of BBB- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Venkateshwara Flexo-Pack Private Limited | U29195TG2000PTC034878 | Hyderabad, Telangana, India |
| Polyhose Kohyei India Private Limited | U25209TN2012PTC089150 | Chennai, Tamil Nadu, India |
| Rungta Irrigation | L74899DL1986PLC023934 | New Delhi, Delhi, India |
| Srichakra | U37200TG2010PTC069875 | Hyderabad, Telangana, India |
| True Colors Limited | L17299GJ2021PLC126265 | Surat, Gujarat, India |
| Indag Rubber | L74899DL1978PLC009038 | New Delhi, Delhi, India |
| Premier Seals | U01112PN1998PTC013165 | Pune, Maharashtra, India |
| International Conveyors | L21300WB1973PLC028854 | Akalmegh, West Bengal, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Polyspin Exports before audits and certifications: compliance score 55/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Polyspin Exports: 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 Polyspin Exports - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Polyspin Exports 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 Polyspin Exports - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Polyspin Exports an active company?
Polyspin Exports has MCA status “Active” with a compliance score of 55/100 (Moderate).
Is Polyspin Exports financially healthy?
Polyspin Exports has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Polyspin Exports?
Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Polyspin Exports?
Promoters hold a minority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Polyspin Exports have loans or charges against its assets?
11 open charge(s) are registered against its assets, and 30 earlier charge(s) stand satisfied.
Is Polyspin Exports up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 55/100 (Moderate).
Is it risky to lend to Polyspin Exports?
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.
