About Excel Glasses Ltd
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Excel Glasses Ltd is a public limited company based in Alappuzha, Kerala, 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 bottle and cap manufacturing segment of the packaging sector. It was incorporated on 01 July 1970.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN L26109KL1970PLC002289. Its GSTIN is 32AAACE7522L1ZR (Kerala). The company holds 2 GST registrations, all of them active. It is recorded as listed by MCA, but trading in its shares on BSE (502223) has been suspended since 26 Aug 2014 · penal reasons, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹7.13 Cr. It is led by directors including Venugopal Bhaskara Karta (Whole-Time Director) and Beena Karukathakidiyil Abdul Jabar.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Udaya Nagarpathirapally P O, Alappuzha, Kerala, India – 688521.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.17 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹31.4 Cr and EBITDA of ₹83.75 Lakh (EBITDA margin 71.7%). Revenue has grown at a compounded annual rate (CAGR) of 449% over three years.
The company is associated with 1 brand: Excel Glasses. As per MCA filings, the company has open charges of ₹14.5 Cr and satisfied charges of ₹56.24 Cr on record. Court records list 118 cases involving the company, including 47 filed by the company and 72 filed against it; 15 cases are pending. The company has 18 deals on record (18 market trades); the latest was in March 2011. Its 10 peer companies in the Packaging industry (Bottles and Caps) are compared by revenue, 5 larger and 5 smaller; the largest is Sunshine Polypet Private Limited with revenue of ₹1.21 Cr.
The last known website on record is excelglasses.com.
Company details
Contact details
Excel Glasses Ltd's registered office is in Alappuzha, Kerala. Its website is excelglasses.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUdaya Nagarpathirapally P O, Alappuzha, Kerala, India – 688521
- IndustryPackaging, Bottle & Cap Manufacturing
To see the full contact details of Excel Glasses Ltd, 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
Brands
Excel Glasses operates one associated brand: Excel Glasses. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Flint glass bottles and jars are manufactured by Excel Glasses. | excelglasses.com |
Financials of Excel Glasses Ltd
FY 2018 filings availableExcel Glasses Ltd reported revenue of ₹1.17 Cr (up 10597% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 449% over three years. EBITDA rose 485% 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.17 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹83.75 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹31.4 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 71.7% | |||
| Net Profit Margin | ||||
| 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 Excel Glasses Ltd, buy the company report.
Board of directors and KMP of Excel Glasses Ltd
Excel Glasses Ltd currently reports 6 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Beena Karukathakidiyil Abdul Jabar | Director | 07 Jun 2018 | 8 Years 4 Months | As last reported |
| Krishnan Chettiyar Jayakumar Also directs: Surajaya Infra Services LLP, Aluminium Industries Limited | Director | 14 May 2013 | 13 Years 5 Months | As last reported |
| Surendran Nair | Director | 06 Mar 2013 | 13 Years 7 Months | As last reported |
| Tribhuvan Kashinath Pandey Also directs: Navjeevan Synthetics Private Limited | Director | 30 Mar 2013 | 13 Years 6 Months | As last reported |
| Ramdas Kamat Keshav | Director | 04 Sep 2014 | 12 Years 1 Months | As last reported |
| Venugopal Bhaskara Karta | Whole-Time Director | 25 Jun 2018 | 8 Years 4 Months | As last reported |
Peer comparison
Excel Glasses Ltd is compared with the 10 companies closest to it by revenue in the Packaging industry (Bottles and Caps), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunshine Polypet Private Limited | ₹1.21 Cr (FY 2024) | 18.0% | New Delhi, Delhi, India | |||
| Metier Pet Private Limited | ₹1.21 Cr (FY 2024) | 11.0% | Bangalore, Karnataka, India | |||
| Rapsco's Bio Pharma Private Limited | ₹1.21 Cr (FY 2019) | 151.0% | Nashik, Maharashtra, India | |||
| Raksun Tin Printers Private Limited | ₹1.2 Cr (FY 2025) | 21.0% | Nagpur, Maharashtra, India | |||
| Mul Munni Polypack Private Limited | ₹1.2 Cr (FY 2025) | 36.0% | Howrah, West Bengal, India | |||
| Excel Glasses Ltdthis company | ₹1.17 Cr (FY 2018) | -₹31.4 Cr | 10597.0% | Alappuzha, Kerala, India | ||
| Global Polypet Private Limited | ₹1.16 Cr (FY 2024) | -29.0% | Kolkata, West Bengal, India | |||
| Nikhileshwara Plast Private Limited | ₹1.12 Cr (FY 2022) | -23.0% | Nagpur, Maharashtra, India | |||
| Ravi Aeromatics Pvt Ltd | ₹1.12 Cr (FY 2020) | 4.0% | Haryana, India | |||
| Fancy Bottle International Private Limited | ₹1.08 Cr (FY 2025) | 22.0% | Delhi, India | |||
| Lozano Packaging Private Limited | ₹1.05 Cr (FY 2024) | -77.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Excel Glasses Ltd, buy the company report.
Auditor
Excel Glasses Ltd is audited by BALAKRISHNAN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALAKRISHNAN & CO | FY 2018 | 011890S |
Shareholding
The shareholding of Excel Glasses Ltd is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Excel Glasses Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Feb 2011 | 10268314 | Kerala State Industrial Development Corpn Ltd | ₹14.5 Cr | Open | |
| 25 May 2006 | 10007954 | State Bank of Travancore | ₹1.5 Cr | Satisfied | |
| 05 May 2006 | 10083172 | Uco Bank | ₹2 Cr | Satisfied | |
| 28 May 2003 | 90022898 | Parijat Shipping and Finale Limited | ₹2.5 Cr | Satisfied | |
| 26 Jul 2002 | 80057526 | Parijat Shipping and Finale Limited | ₹4 Cr | Satisfied |
To see the full charge records of Excel Glasses Ltd, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Excel Glasses Ltd has 18 deals on record (18 market trades); the latest was in March 2011.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2010 | Market trade | ₹6.9 Lakh | Buyer: MC Jain Infoservices Private Limited |
| Jul 2010 | Market trade | ₹5 Lakh | Buyer: Fiduciary Euromax Global Markets Limited |
| Dec 2009 | Market trade | ₹16.4 Lakh | Buyer: 2 individuals Seller: Shail Investments Private Limited , 2 individuals |
| Sep 2009 | Market trade | ₹5.1 Lakh | Buyer: Shail Investments Private Limited |
| Sep 2009 | Market trade | ₹6.9 Lakh | Buyer: R C Investment Seller: Ayodhyapati Investment Private Limited |
To see the full deal history of Excel Glasses Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Excel Glasses Ltd has 118 court cases on record: 47 filed by Excel Glasses, 72 filed against it. 15 cases are pending and 103 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 68 | 33 | 15 |
| District courts | 33 | 23 | 0 |
| NCLT | 12 | 11 | 0 |
| Supreme Court | 4 | 4 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 118)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (Co.Appl.) | Filed against the company by M/S.A.S. Transport Private Limited | Pending |
| High Court | Court case (Co.Pet) | Filed against the company by M/S.A.S. Transport Private Limited | Pending |
| High Court | Court case (Co.Appl.) | Filed against the company by Radico Khaitan Limited | Pending |
| High Court | Court case (Co.Pet) | Filed against the company by Prominent Cargo Movers Private Limited | Pending |
| NCLT, Kochi | Court case (MA(IBC)) | Filed against the company by Kerala State Electricity Board Ltd. | Disposed |
To see the full case history of Excel Glasses Ltd, 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 Excel Glasses Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Excel Glasses Ltd has 2 active EPFO establishments as of Apr 09, 2024.
GST
Excel Glasses has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACE7522L1ZR | Kerala | Active | 01 Jul 2017 |
| 32AAACE7522L2ZQ | Kerala | Active | 13 Aug 2020 |
To see the full GST registrations and return filing status of Excel Glasses Ltd, buy the company report.
Recent activity
Excel Glasses Ltd has 29 board changes on record since 1984: 18 appointments and 11 cessations. The latest: Rajendra Prasad Tiwari was appointed as CFO on 25 Jun 2018.
72 earlier events are in the company report.
Frequently asked questions
Excel Glasses 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.
Excel Glasses is a company under liquidation, formerly operating as a public limited company based in Alappuzha, Kerala, India. The company works in bottle and cap manufacturing, within the packaging industry. It was incorporated on 01 July 1970 and is registered under CIN L26109KL1970PLC002289. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Excel Glasses has 7 current directors and KMP:
- Venugopal Bhaskara Karta - Whole-Time Director
- Beena Karukathakidiyil Abdul Jabar - Director
- Krishnan Chettiyar Jayakumar - Director
- Surendran Nair - Director
- Tribhuvan Kashinath Pandey - Director
- Ramdas Kamat Keshav - Director
- Rajendra Prasad Tiwari - Cfo
The latest financial statements of Excel Glasses on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Excel Glasses is L26109KL1970PLC002289. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Excel Glasses is recorded as a listed company by MCA, but trading in its shares on BSE (502223) has been suspended since 26 Aug 2014 · penal reasons, so they do not currently trade on a stock exchange.
Excel Glasses has open charges of ₹14.5 Cr and satisfied charges of ₹56.24 Cr as per latest MCA filings.
Excel Glasses has 118 court cases on record: 47 filed by the company and 72 filed against it. 15 are pending. Most are in the high courts.
Excel Glasses was incorporated on 01 July 1970. It is registered with the Registrar of Companies, Ernakulam.
Excel Glasses has 18 deals on record (18 market trades); the latest was in March 2011.
The peers of Excel Glasses by revenue are Sunshine Polypet Private Limited, Metier Pet Private Limited, Rapsco's Bio Pharma Private Limited, Raksun Tin Printers Private Limited, Mul Munni Polypack Private Limited and 5 more, all in the Packaging industry (Bottles and Caps).