Galore Packaging India Private Limited
About Galore Packaging India Private Limited
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Galore Packaging India Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 13 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74950DL2004PTC125771. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3.35 Cr and a paid-up capital of ₹3 Lakh. It is led by directors Keshav Rustagi and Sri Niwas Rustagi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 62 Najafgarh Road, New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2021, the company reported a revenue of ₹42,811, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹2.55 Lakh and EBITDA of -₹2.97 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 62% over five years.
As per MCA filings, the company has open charges of ₹53.75 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Galore Packaging India Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address62 Najafgarh Road, New Delhi, Delhi, India – 110015
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Galore Packaging India 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 Galore Packaging India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Galore Packaging India Private Limited, buy the company report.
Financials of Galore Packaging India Private Limited
FY 2022 filings availableGalore Packaging India Private Limited reported revenue of ₹42,811 (down 100% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years. 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹42,811 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.55 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
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| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Galore Packaging India Private Limited, buy the company report.
Board of directors of Galore Packaging India Private Limited
Galore Packaging India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keshav Rustagi Also directs: Seven Star Exim Ltd., Sunehra Associates Limited | Director | 13 Apr 2004 | 22 Years 6 Months | Current |
| Sri Niwas Rustagi Also directs: Seven Star Exim Ltd. | Director | 13 Apr 2004 | 22 Years 6 Months | Current |
Auditor
Galore Packaging India Private Limited is audited by MANISH VIJENDRA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANISH VIJENDRA & CO | FY 2021 | 029698N |
Shareholding
The shareholding of Galore Packaging India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Galore Packaging India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2009 | 10150569 | Karnataka Bank Limited | ₹1 Cr | Open | |
| 17 Nov 2006 | 10027254 | Karnataka Bank Limited | ₹50 Lakh | Open | |
| 13 Jul 2006 | 10017001 | Karanataka Bank Ltd | ₹17.75 Cr | Open | |
| 13 Jul 2006 | 10017002 | Karanataka Bank Ltd | ₹2.5 Cr | Open | |
| 13 Jul 2006 | 10017503 | Karanataka Bank Ltd | ₹22.75 Cr | Open |
To see the full charge records of Galore Packaging India Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Galore Packaging India Private Limited has 14 court cases on record: 2 filed by Galore Packaging India, 12 filed against it. 2 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 11 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Commercial matter | Filed against the company by M/S. Micro Inks Limited | Pending |
| District court, Valsad, Gujarat | Court case (SPCS) | Filed against the company by M/S. Micro Inks Limited | Disposed |
| District court, Valsad, Gujarat | Court case (SPCS) | Filed against the company by M/S. Micro Inks Limited | Disposed |
| District court, Patiala, Punjab | Civil suit | Filed against the company by Abhilasha Nutrition and Health Foods Pvt.Ltd | Disposed |
| District court, West, Delhi | Court case (Civ DJ) | Filed against the company by an individual | Pending |
To see the full case history of Galore Packaging India 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 Galore Packaging India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Galore Packaging India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Galore Packaging India Private Limited, buy the company report.
Recent activity
Galore Packaging India Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Ajay Rustagi ceased to be Director on 16 Sep 2012.
2 earlier events are in the company report.
Frequently asked questions
Galore Packaging India is an active private limited company based in New Delhi, Delhi, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 13 April 2004 (22+ years old) and is registered under CIN U74950DL2004PTC125771.
Galore Packaging India has 2 current directors:
- Keshav Rustagi - Director
- Sri Niwas Rustagi - Director
The latest financial statements of Galore Packaging India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Galore Packaging India has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Galore Packaging India is U74950DL2004PTC125771. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Galore Packaging India has 14 court cases on record: 2 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Galore Packaging India was incorporated on 13 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Ajay Rustagi ceased to be Director on 16 Sep 2012. Keshav Rustagi was appointed as Director on 13 Apr 2004. Sri Niwas Rustagi was appointed as Director on 13 Apr 2004.
The registered office of Galore Packaging India is at 62 Najafgarh Road, New Delhi, Delhi, India – 110015.
Galore Packaging India operates in the manufacturing industry, in the plastic-based products segment.