About Flex Art Foil Limited
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Flex Art Foil Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ess Dee Aluminium Limited. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 31 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27203MH2005PLC188967. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹20 Cr. It was formerly known as Flex Art Foil Private Limited. It is led by directors including Sudip Bijoy Dutta and Dilip Sobhag Phatarphekar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Ess Dee House Akurli Road Kandivli (East), Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2019, the company reported a revenue of ₹47,000, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹28.8 Cr and EBITDA of -₹19.56 Cr. Revenue has declined at a compounded annual rate (CAGR) of 95% over three years.
The company has about 81 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹48.89 Cr and satisfied charges of ₹12.99 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website essdee.in.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressEss Dee House Akurli Road Kandivli (East), Mumbai, Maharashtra, India – 400101
- IndustryPackaging, Industrial Packaging Solutions
- 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
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Financials of Flex Art Foil Limited FY 2019 filings available
Flex Art Foil Limited reported revenue of ₹47,000 (down 99% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Flex Art Foil Limited
Revenue has declined at a compounded annual rate (CAGR) of 95% over three years, including a 99% fall in the latest year. EBITDA rose 66% 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 Flex Art Foil Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹47,000 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹19.56 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹28.8 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 Flex Art Foil Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Flex Art Foil are in the company report.
Financial statements from 2015
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.
Peer Comparison of Flex Art Foil Limited
Flex Art Foil Limited is compared with the companies closest to it by revenue in the Packaging industry (Industrial Packaging). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SRN Legal Consultants Private Limited | ₹58,960 (FY 2025) | •••• | •••• | 490.0% | •••• | Noida, Uttar Pradesh, India |
| Aruna Industrial Seals Private Limited | ₹55,102 (FY 2025) | •••• | •••• | 589.0% | •••• | Thane, Maharashtra, India |
| G.S.Laminators Pvt.Ltd. | ₹50,000 (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Jindal Flexifilms Limited | ₹50,000 (FY 2025) | •••• | •••• | 4900.0% | •••• | Howrah, West Bengal, India |
| Srikalyan Packaging Private Limited | ₹48,900 (FY 2025) | •••• | •••• | 10.0% | •••• | Kolkata, West Bengal, India |
| Flex Art Foil Limited this company | ₹47,000 (FY 2019) | •••• | •••• | -99.0% | •••• | Mumbai, Maharashtra, India |
| Neetanjali Profiles Private Limited | ₹46,329 (FY 2018) | •••• | •••• | •••• | Maharashtra, India | |
| Warden Pack Pvt Ltd | ₹45,562 (FY 2018) | •••• | •••• | -70.0% | •••• | Churchagte Mumbai, Maharashtra, India |
| Eco-Friendly Packaging Co.Pvt. Ltd | ₹45,157 (FY 2025) | •••• | •••• | 42.0% | •••• | Jaipur, Rajasthan, India |
| Seawave Packaging Products Private Limited | ₹45,000 (FY 2023) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Seguropac Products Private Limited | ₹43,851 (FY 2025) | •••• | •••• | -38.0% | •••• | Gurugram, Haryana, India |
Peers are the five companies nearest above and the five nearest below Flex Art Foil by revenue in the Packaging industry (Industrial Packaging), 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 Flex Art Foil Limited
Flex Art Foil Limited is audited by SHAH & TAPARIA for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHAH & TAPARIA | 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.
Board of Directors of Flex Art Foil Limited
Flex Art Foil has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudip Bijoy Dutta | Director | 31 Aug 2005 | 21 Years 1 Months | Current |
| Dilip Sobhag Phatarphekar | Director | 13 Feb 2015 | 11 Years 7 Months | Current |
| Debdeep Samaresh Bhattacharya | Additional Director | 30 May 2016 | 10 Years 4 Months | Current |
| Gautam Mukherjee | Nominee Director | 07 Aug 2006 | 20 Years 2 Months | Current |
Ownership and Shareholding of Flex Art Foil 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 Flex Art Foil Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2013 | Bank of Baroda | ₹3 Cr | Open |
| 31 Jul 2012 | The Shamrao Vithal Co-Operative Bank Limited | ₹6 Cr | Open |
| 03 Jan 2012 | The Shamrao Vithal Co-Operative Bank Limited | ₹9.3 Cr | Open |
| 04 Nov 2005 | Bank of Baroda | ₹30.59 Cr | Open |
| 18 Dec 2014 | Axis Bank Limited | ₹7 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Flex Art Foil Limited
Flex Art Foil Limited has 12 court cases on record: 7 filed by Flex Art Foil, 5 filed against it. All cases are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 2 | 0 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by Ocs Group (India) Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against Mission Vivacare Limited | Disposed |
| Bombay High Court | Court case (SS) | Filed against the company by India Foils Ltd | Disposed |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by SVC Co-Operative Bank Ltd | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Court case (S.C.S.) | Filed against the company by Jay Security Services - Keshav A Desai | Disposed |
Full case history
All 12 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Flex Art Foil Limited
Flex Art Foil Limited has a workforce of 81 employees as of Apr 06, 2024.
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.
CIN History of Flex Art Foil Limited
Flex Art Foil has one previous CIN (Corporate Identification Number): U27203MH2005PTC188967. The current CIN is U27203MH2005PLC188967, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27203MH2005PLC188967 | Current |
| U27203MH2005PTC188967 | Previous |
Recent Activity on Flex Art Foil Limited
Flex Art Foil Limited has 14 board changes on record since 2005: 4 appointments and 10 cessations. The latest: Ashis Bhattacharya ceased to be Director on 30 May 2016.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Flex Art Foil 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 Flex Art Foil 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 Flex Art Foil 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 Flex Art Foil Limited
Flex Art Foil has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Flex Art Foil 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 Flex Art Foil Limited
Flex Art Foil is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 31 August 2005 (21+ years old) and is registered under CIN U27203MH2005PLC188967.
Flex Art Foil reported revenue of ₹47,000 for FY 2019 (down 99% YoY).
Flex Art Foil has 4 current directors:
- Sudip Bijoy Dutta - Director
- Dilip Sobhag Phatarphekar - Director
- Debdeep Samaresh Bhattacharya - Additional Director
- Gautam Mukherjee - Nominee Director
Flex Art Foil reported a net loss of ₹28.8 Cr and EBITDA of -₹19.56 Cr for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Flex Art Foil is -95% over three years. In the latest year (FY 2019) revenue fell 99%. CAGR is the steady yearly rate that links the first and the last year.
No. Flex Art Foil has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Flex Art Foil is U27203MH2005PLC188967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flex Art Foil has 12 court cases on record: 7 filed by the company and 5 filed against it. Most are in the district courts.
Flex Art Foil was incorporated on 31 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Flex Art Foil by revenue are SRN Legal Consultants Private Limited, Aruna Industrial Seals Private Limited, G.S.Laminators Pvt.Ltd, Jindal Flexifilms Limited, Srikalyan Packaging Private Limited and 5 more, all in the Packaging industry (Industrial Packaging).
Ashis Bhattacharya ceased to be Director on 30 May 2016. Debdeep Samaresh Bhattacharya was appointed as Additional Director on 30 May 2016. Vinaya Nilesh Desai ceased to be Director on 06 Apr 2016. Flex Art Foil has 14 board changes on record in total.