About Citizen Bags Private Limited
Data last updated:
Citizen Bags Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the woven packaging products segment of the packaging sector. It was incorporated on 26 July 2016.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U36100WB2016PTC216799. Its GSTIN is 24AAGCC5732J1ZO (Gujarat).
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹99 Lakh. It was led by directors including Naman Banthia (Whole-Time Director) and Naresh Kumar Banthia.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 147 M.G. Road, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2020, the company reported a revenue of ₹18.2 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net loss of ₹1.26 Cr (net margin -6.9%) and EBITDA of ₹2.4 Cr (EBITDA margin 13.2%).
The company had about 40 employees on its provident fund (EPFO) records before it was dissolved.
The last known website on record is citizenbags.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address147 M.G. Road, Kolkata, West Bengal, India – 700007
- IndustryPackaging, Woven Packaging Products
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Citizen Bags Private Limited
The main business activity of Citizen Bags is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Citizen Bags Private Limited FY 2020 filings available
Citizen Bags Private Limited reported revenue of ₹18.2 Cr (up 34% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Citizen Bags Private Limited
Revenue rose 34% in the latest year. EBITDA rose 20% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Citizen Bags Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹18.2 Cr | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.4 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.26 Cr | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Citizen Bags Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.2% | •••• | •••• | •••• |
| Net Profit Margin | -6.9% | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Citizen Bags are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Citizen Bags Private Limited
Citizen Bags has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Kumar Banthia Also directs: Citizen Umbrella Manufacturers Ltd, Umargam Industries Association | Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Umang Banthia | Director | 26 Jul 2016 | 10 Years 2 Months | As last reported |
| Naman Banthia | Whole-Time Director | 26 Jul 2016 | 10 Years 2 Months | As last reported |
| Harsh Kumar Banthia Also directs: Citizen Umbrella Manufacturers Ltd, Nu Citizen Fabrics Private Limited, Aarkey Tech Tex Private Limited and 1 more | Director | 26 Jul 2016 | 10 Years 2 Months | As last reported |
Peer Comparison of Citizen Bags Private Limited
Citizen Bags Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Woven Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Interstar Polyfab Private Limited | ₹18.99 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Surat, Gujarat, India |
| R.L. Commercial Private Limited | ₹18.79 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
| Anjani Polytec Private Limited | ₹18.61 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Midnapore, West Bengal, India |
| Shree Maruti Bulk Packaging Private Limited | ₹18.4 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Ahmedabad, Gujarat, India |
| Satyam Wovensack Private Limited | ₹18.21 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Surat, Gujarat, India |
| Citizen Bags Private Limited this company | ₹18.2 Cr (FY 2020) | •••• | •••• | 34.0% | •••• | Kolkata, West Bengal, India |
| Shree Mahaveerji Polyfab Private Limited | ₹18.14 Cr (FY 2024) | •••• | •••• | 9300.0% | •••• | Kanpur, Uttar Pradesh, India |
| Shree Laminators Ltd | ₹17.86 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Kolkata, West Bengal, India |
| Yomika Fabrics Private Limited | ₹17.65 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Vadodara, Gujarat, India |
| Dharmbhakti Polytex Private Limited | ₹17.56 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Morbi, Gujarat, India |
| Garuda Infrabuild Private Limited | ₹17.53 Cr (FY 2025) | •••• | •••• | 189.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Citizen Bags by revenue in the Packaging industry (Woven Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Citizen Bags Private Limited
Citizen Bags Private Limited is audited by R RAMPURIA & COMPANY for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R RAMPURIA & COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Citizen Bags Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Citizen Bags Private Limited
Citizen Bags Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Citizen Bags Private Limited
Employment history and EPFO contributions of people linked to Citizen Bags.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Citizen Bags Private Limited
Citizen Bags Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Naresh Kumar Banthia ceased to be Additional Director on 31 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Citizen Bags Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Citizen Bags Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Citizen Bags Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Citizen Bags Private Limited
Citizen Bags has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCC5732J1ZO | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Citizen Bags Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Citizen Bags Private Limited
Citizen Bags has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Citizen Bags was a private limited company based in Kolkata, West Bengal, India. The company worked in woven packaging products, within the packaging industry. It was incorporated on 26 July 2016 and is registered under CIN U36100WB2016PTC216799. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Citizen Bags was incorporated on 26 July 2016. It is registered with the Registrar of Companies, Kolkata.
Citizen Bags had 4 directors:
- Naman Banthia - Whole-Time Director
- Naresh Kumar Banthia - Director
- Umang Banthia - Director
- Harsh Kumar Banthia - Director
The CIN (Corporate Identification Number) of Citizen Bags is U36100WB2016PTC216799. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Citizen Bags is at 147 M.G. Road, Kolkata, West Bengal, India – 700007.
Citizen Bags can be reached through the website citizenbags.in. Its registered office is in Kolkata, West Bengal, India.
Citizen Bags reported revenue of ₹18.2 Cr for FY 2020 (up 34% YoY).
Citizen Bags has an authorised share capital of ₹1 Cr and a paid-up capital of ₹99 Lakh.
Citizen Bags reported a net loss of ₹1.26 Cr (net margin -6.9%) and EBITDA of ₹2.4 Cr (EBITDA margin 13.2%) for FY 2020, as per its filed financial statements.
The GSTIN of Citizen Bags is 24AAGCC5732J1ZO, registered in Gujarat.