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Form I : Detail of Corporate Debtor Undergoing Insolvency Resolution Process
(To be submitted by the
IRP/RP
with
Seven Days
of his demitting office as IRP/RP)
Name of Corporate Debtor:
Polygold Pre-Cured Systems Pvt. ltd
CIN of Corporate Debtor:
U25110GJ1998PTC034100
Date of Commencement of CIRP:
16-03-2020
Assets(in Rs) as on the last balance sheet date (write date here):
110510228.00
31-03-2019
Turnover(in Rs) in the last finacial year (write year here):
93352254
2018-2019
No. of Workmen as on the date of commencement of CIRP:
40
No. of Employees as on the date of Commencement of CIRP:
13
Number of Claimants(Workmen & Employees):
8
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
12164136.00
Number of Claimants(Financial Creditor):
10
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
68621142.00
Number of Claimants(Operational Creditor):
28
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
12827863.00
Name of IRP:
PARAG SHETH
Registration No. of IRP:
IP/N00142
Date of demitting office by IRP:
03-09-2020
Form II : Detail of Corporate Debtor Undergoing Insolvency Resolution Process
(To be submitted by the
IRP
with
Seven Days
of his demitting office as IRP/RP)
Activity/ Expense
Head / Expense Sub-Head
Amount of Expense (Rs.)
Amount Ratified/
Approved
2
By
% Of Specific
Cost/ Total Cost
% of Specific Ratified Cost / Total Ratified Cost
Remarks
Running Process / IRP
*
Fee Payable to IRP
452968.00
452968.00
13.15
13.15
Ratified by CoC
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
0
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
21240.00
21240.00
0.62
0.62
0
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
0.00
0.00
0.00
0.00
0
Fee Payable to Valuer 1
84960.00
84960.00
2.47
2.47
not ratified by CoC
Fee Payable to Valuer 2
84960.00
84960.00
2.47
2.47
not ratified by CoC
Other Expenses on/ for Valuers
(Travel, stay, other out-of-pocket)
0.00
0.00
0.00
0.00
0
Running Process / Other Professionals engaged for CIRP, not for Corporate Debtor
*
Fee Payable to Accounting and Finance Professionals
0.00
0.00
0.00
0.00
0
Fee Payable to Audit Professionals
29500.00
29500.00
0.86
0.86
not ratified by CoC
Fee Payable to Legal Professional
85000.00
85000.00
2.47
2.47
0
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
0.00
0.00
0.00
0.00
0
Running Process / COC Meetings
*
Meeting Venue
0.00
0.00
0.00
0.00
0
Video Conferencing
0.00
0.00
0.00
0.00
0
Any other Expenses related to COC
5900.00
5800.00
0.17
0.17
E -Voting.
Running Process / Other Expenses
*
Expenses on Pubic Announcement
12701.00
12701.00
0.37
0.37
Not Ratified
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
0.00
0.00
0.00
0.00
0
Running Business / Essential Services
*
Electricity
634400.00
634400.00
18.42
18.42
0
Water
0.00
0.00
0.00
0.00
0
Telecommunication Services
0.00
0.00
0.00
0.00
0
Information Technology Services
0.00
0.00
0.00
0.00
0
Other Essential Services, if Any
0.00
0.00
0.00
0.00
0
Running Business / Other Services
*
Other Supplies
0.00
0.00
0.00
0.00
0
Employess and Workmen
1831161.00
1831161.00
53.16
53.16
0
Security Personnel Services
201892.00
201892.00
5.86
5.86
0
Other Expenses, If any
0.00
0.00
0.00
0.00
0
Running Business / Interim Finance
*
Amount of Interim Finance
0.00
0.00
0.00
0.00
0
Expenses for Raising Interim Finance
0.00
0.00
0.00
0.00
0
Interest Payable on Interim Finance
0.00
0.00
0.00
0.00
0
Other Expenses, If any
0.00
0.00
0.00
0.00
0
Other Expenses, if any, directly related to CIRP
*
Other Expenses
0.00
0.00
0.00
0.00
0
Total Cost
3444682.00
3444582.00
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