About Borkar Colorpacks Private Limited
Data last updated:
Borkar Colorpacks Private Limited is a private limited company based in Margao, Goa, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the paper segment of the packaging sector. It was incorporated on 04 August 1995.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U22219GA1995PTC001914. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.72 Cr. It is led by directors including Mangesh Kekre Vitthal (Irp/Rp/Liquidator) and Atul Borkar.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Alankar Building Martaries Dias Road Malbhat, Margao, Goa, India – 403601.
As per the financials filed for FY 2017, the company reported a revenue of ₹27.1 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹18.99 Lakh (net margin 0.7%) and EBITDA of ₹5.95 Cr (EBITDA margin 22%).
The company has about 142 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹42.08 Cr and satisfied charges of ₹7.96 Cr on record. Court records list 90 cases involving the company, including 16 filed by the company and 76 filed against it; 22 cases are pending.
The last known website on record is borkarcolorpack.com.
Company details
Contact details
Borkar Colorpacks Private Limited's registered office is in Margao, Goa. Its website is borkarcolorpack.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressAlankar Building Martaries Dias Road Malbhat, Margao, Goa, India – 403601
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Borkar Colorpacks Private Limited, buy the company report.
- 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
Business activity
The main business activity of Borkar Colorpacks is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Borkar Colorpacks Private Limited, buy the company report.
Financials of Borkar Colorpacks Private Limited
FY 2017 filings availableBorkar Colorpacks Private Limited reported revenue of ₹27.1 Cr (up 8% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year. EBITDA rose 25% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹27.1 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹5.95 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹18.99 Lakh | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 22% | ||
| Net Profit Margin | 0.7% | ||
| 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 | |||
To see the full financial statements and ratios of Borkar Colorpacks Private Limited, buy the company report.
Board of directors of Borkar Colorpacks Private Limited
Borkar Colorpacks has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mangesh Kekre Vitthal Also directs: MVK Ipe LLP | Irp/Rp/Liquidator | 26 Apr 2024 | 2 Years 6 Months | As last reported |
| Atul Borkar Also directs: Dambo Foodpac Private Limited | Director | 18 Nov 2011 | 14 Years 11 Months | As last reported |
| Aalok Pramod Borkar Also directs: Dambo Foodpac Private Limited, Dambo Packaging Private Limited | Director | 18 Nov 2011 | 14 Years 11 Months | As last reported |
Peer comparison
Borkar Colorpacks Private Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| V. D. Paper Mills Private Limited | ₹27.43 Cr (FY 2025) | 97.0% | Kanpur, Uttar Pradesh, India | |||
| Sierra Investments Private Limited (TR Co ) | ₹27.17 Cr (FY 2017) | -18.0% | Alembic Road Gorwa Vadodara, Gujarat, India | |||
| Borkar Colorpacks Private Limitedthis company | ₹27.1 Cr (FY 2017) | ₹18.99 Lakh | 0.7% | 8.0% | Margao, Goa, India | |
| Kapson Plastics Private Ltd | ₹27.08 Cr (FY 2023) | -4.0% | Delhi, India | |||
| Mateshwari Paper Mill Private Limited | ₹27.01 Cr (FY 2025) | -12.0% | Patna, Bihar, India | |||
| Abox Paperpack Private Limited | ₹26.92 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Borkar Colorpacks Private Limited, buy the company report.
Auditor
Borkar Colorpacks Private Limited is audited by R K PIKALE & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K PIKALE & CO | FY 2017 | 107919W |
Shareholding
The shareholding of Borkar Colorpacks Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Borkar Colorpacks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2016 | 10621837 | The Saraswat Co-Operative Bank Limited | ₹3 Cr | Open | |
| 11 Sep 2015 | 10595145 | The Saraswat Co-Operative Bank Limited | ₹40 Lakh | Open | |
| 23 Jun 2015 | 10580751 | The Saraswat Co-Operative Bank Limited | ₹3 Cr | Open | |
| 30 Oct 2014 | 10536857 | Siemens Financial Services Private Limited | ₹1.52 Cr | Open | |
| 04 Sep 2014 | 10522964 | The Saraswat Co-Operative Bank Limited | ₹49 Lakh | Open |
To see the full charge records of Borkar Colorpacks Private Limited, buy the company report.
Total charge records: 30 View all charges
Legal cases
Borkar Colorpacks Private Limited has 90 court cases on record: 16 filed by Borkar Colorpacks, 76 filed against it. 22 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 82 | 68 | 22 |
| NCLT | 4 | 4 | 0 |
| High courts | 3 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 90)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S. New Bombay Paper Mills Pvt. Ltd. THR. Anadi Shankar Yagnik | Pending |
| District court, South Goa, Goa | Civil suit | Filed against the company by M/S Capitao Security Services Private Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Siemens Financial Services Pvt Ltd Th.Mr. Vaibhav Priyadarshi | Pending |
| District court, South Goa, Goa | Court case (REXA) | Filed against the company by Veejay Facility Management Pvt. Ltd. | Pending |
| District court, South Goa, Goa | Court case (SCS) | Filed by the company against Gum Pharma Pvt. Ltd., Ors. | Pending |
To see the full case history of Borkar Colorpacks Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Borkar Colorpacks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Borkar Colorpacks has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Borkar Colorpacks Private Limited, buy the company report.
Recent activity
Borkar Colorpacks Private Limited has 11 board changes on record since 2010: 3 appointments and 8 cessations. The latest: Mangesh Kekre Vitthal was appointed as Irp/Rp/Liquidator on 26 Apr 2024.
52 earlier events are in the company report.
Frequently asked questions
Borkar Colorpacks is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Borkar Colorpacks is a company under liquidation, formerly operating as a private limited company based in Margao, Goa, India. The company works in paper, within the packaging industry. It was incorporated on 04 August 1995 and is registered under CIN U22219GA1995PTC001914. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Borkar Colorpacks has 3 current directors:
- Atul Borkar - Director
- Aalok Pramod Borkar - Director
- Mangesh Kekre Vitthal - Irp/Rp/Liquidator
The latest financial statements of Borkar Colorpacks on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Borkar Colorpacks is U22219GA1995PTC001914. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Borkar Colorpacks has open charges of ₹42.08 Cr and satisfied charges of ₹7.96 Cr as per latest MCA filings.
Borkar Colorpacks has 90 court cases on record: 16 filed by the company and 76 filed against it. 22 are pending. Most are in the district courts.
Borkar Colorpacks was incorporated on 04 August 1995. It is registered with the Registrar of Companies, Goa.
The peers of Borkar Colorpacks by revenue are V. D. Paper Mills Private Limited, Sierra Investments Private Limited (TR Co ), Kapson Plastics Private Ltd, Mateshwari Paper Mill Private Limited, Abox Paperpack Private Limited, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Mangesh Kekre Vitthal was appointed as Irp/Rp/Liquidator on 26 Apr 2024. Pramod Damodar Borker ceased to be Managing Director on 01 Oct 2017. Aalok Pramod Borkar ceased to be Additional Director on 29 Sep 2012. Borkar Colorpacks has 11 board changes on record in total.
Borkar Colorpacks can be reached through the website borkarcolorpack.com. Its registered office is in Margao, Goa, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
