Creditor’s Information

Creditor’s Information

Outstanding dues to creditors

As of September 30, 2021, our Company had 361 creditors and the aggregate amount due by our Company to these creditors was ₹552.55 million, as detailed below: 

Type of creditorsNumber of creditorsAmounts involved
(in ₹ million)

Micro, small and medium enterprisesNilNil
Other creditors361552.55

In terms of the Materiality Policy, our Board considers a creditor ‘material’ if amounts due to such creditor exceeds 5% of the total trade payables as per the last full year Restated Financial Statements included in the Offer Documents (Material Creditors). The trade payables of our Company as on March 31, 2021 was ₹879.41 million. Accordingly, a creditor has been considered ‘material’ if the amount due to such creditor exceeds ₹43.97 million (being 5% of the total trade payables) as on March 31, 2021. Further, for outstanding dues to any party which is a micro, small or a medium enterprise (MSME), the disclosure is based on information available with our Company regarding status of the creditor under Section 2 of the Micro, Small and Medium Enterprises Development Act, 2006, as amended.

Based on this criteria, details of outstanding dues owed to Material Creditors as on September 30, 2021 by our Company are set out below:  

Sr. No.Name of CreditorsAmount involved (in Rs. million)
1Unid Global Corporation176.28
2Evershine Speciality Chemicals LLP29.40
Registered Office  

Plot No 1734,
Third Phase, G.I.D.C Vapi,
District – Valsad,
Vapi – 396 195, Gujarat, India  

+91 99251 00334

Corporate Office 

“Polysol Building”, 2nd Floor,
C5/101/4, N.H.No: 48,
Near Supreme Hotel, GIDC,
Vapi – 396 195, Gujarat, India

+91 99251 00331