Hitkari Packaging Private Limited

Hitkari Packaging Private Limited - packaging in Vadodara, Gujarat, India. Directors, charges & compliance details.
CIN U74950GJ1987PTC010045 Incorporated 12 October 1987 ROC Ahmedabad HQ Vadodara, Gujarat, India
Dissolved Under Section 54 Private Limited Company packaging
Data last updated
Revenue · FY 2021
₹3.82 Lakh
▼ 30% YoY
Net loss · FY 2021
₹8.68 Lakh
Net margin -227.3%
EBITDA · FY 2021
-₹4.92 Lakh
EBITDA margin -128.7%
Authorised capital
₹90 Lakh
Registered with MCA
Paid-up capital
₹90 Lakh
Issued & subscribed
Open charges
₹8.51 Cr
Satisfied ₹3.4 Cr
Company age
39 yrs
Est. 1987
Directors on board
2
As per MCA filings

About Hitkari Packaging Private Limited

Data last updated:

Hitkari Packaging Private Limited was a private limited company based in Vadodara, Gujarat, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the industrial packaging solutions segment of the packaging sector. It was incorporated on 12 October 1987.

The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74950GJ1987PTC010045. The company has 1 GST registration on record, which is no longer active.

The company had an authorised share capital of ₹90 Lakh and a paid-up capital of ₹90 Lakh. It was led by directors Gursharan Singh Amarsingh Sethi (Managing Director) and Harjas Gursharansingh Sethi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 339 – 340 GIDC Estate Waghodia, Vadodara, Gujarat, India – 391760.

As per the financials filed for FY 2021, the company reported a revenue of ₹3.82 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹8.68 Lakh (net margin -227.3%) and EBITDA of -₹4.92 Lakh (EBITDA margin -128.7%). Revenue has declined at a compounded annual rate (CAGR) of 88% over three years.

As per MCA filings, the company had open charges of ₹8.51 Cr and satisfied charges of ₹3.4 Cr on record. Court records list 49 cases involving the company, including 11 filed by the company and 34 filed against it; 11 cases are pending.

Company Details of Hitkari Packaging Private Limited
CIN U74950GJ1987PTC010045
Registration Number 010045
Incorporation Date 12 October 1987
ROC Ahmedabad
Listing Status Unlisted
Company Status Dissolved Under Section 54
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
Key People
Gursharan Singh Amarsingh Sethi Managing Director Harjas Gursharansingh Sethi Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    339 – 340 GIDC Estate Waghodia, Vadodara, Gujarat, India – 391760
  • Industry
    Packaging, Industrial Packaging Solutions
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Financials, compliance, directors, charges, ownership and filings for Hitkari Packaging Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Hitkari Packaging Private Limited

The main business activity of Hitkari Packaging is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC3Wood and wood products, furniture, paper and paper productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Hitkari Packaging Private Limited FY 2021 filings available

Hitkari Packaging Private Limited reported revenue of ₹3.82 Lakh (down 30% YoY) for FY 2021.

Revenue · FY 2021
₹3.82 Lakh ▼ 30%
Net loss · FY 2021
₹8.68 Lakh margin -227.3%
EBITDA · FY 2021
-₹4.92 Lakh margin -128.7%

Compounded Annual Growth Rate (CAGR) of Hitkari Packaging Private Limited

Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 88%
EBITDA CAGR growth
1 year
▼ 27%
3 years · compounded
▲ 77%

Revenue has declined at a compounded annual rate (CAGR) of 88% over three years, including a 30% fall in the latest year. EBITDA fell 27% 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 Hitkari Packaging Private Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹3.82 Lakh••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹4.92 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹8.68 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 of Hitkari Packaging Private Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin-128.7%••••••••••••••••
Net Profit Margin-227.3%••••••••••••••••
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 Hitkari Packaging are in the company report.

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Financial statements from 2015

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Peer Comparison of Hitkari Packaging Private Limited

Hitkari Packaging Private 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Udyograj Udyog Private Limited₹4.02 Lakh (FY 2024)••••••••••••Sirsa, Haryana, India
Shreenath Packers (Silvassa) Limited₹3.98 Lakh (FY 2025)••••••••99.0%••••Mumbai, Maharashtra, India
Ratan Flexible Packaging Pvt Ltd₹3.97 Lakh (FY 2023)••••••••-91.0%••••Mumbai, Maharashtra, India
Shiridi Packaging Private Limited₹3.91 Lakh (FY 2024)••••••••-99.0%••••Hyderabad, Telangana, India
VSK Engineering Private Limited₹3.86 Lakh (FY 2025)••••••••0.0%••••Mumbai, Maharashtra, India
Hitkari Packaging Private Limited this company₹3.82 Lakh (FY 2021)••••••••-30.0%••••Vadodara, Gujarat, India
KB Impack Private Limited₹3.8 Lakh (FY 2025)••••••••-82.0%••••Greater Noida, Uttar Pradesh, India
R C Printing & Packaging Private Limited₹3.76 Lakh (FY 2024)••••••••-9.0%••••Nagpur, Maharashtra, India
Hosur Cluster Pack Prints Private Limited₹3.68 Lakh (FY 2023)••••••••••••Hosur, Tamil Nadu, India
Maa Vidyavati Learning Private Limited₹3.65 Lakh (FY 2022)••••••••-68.0%••••New Delhi, Delhi, India
Kalpaka Polymers and Exports Limited₹3.62 Lakh (FY 2025)••••••••-27.0%••••Thrissur, Kerala, India

Peers are the five companies nearest above and the five nearest below Hitkari Packaging 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 Hitkari Packaging Private Limited

Hitkari Packaging Private Limited is audited by PRAKASH CHANDRA JAIN & CO for the financial year 2021.

NameStatusAppointment DateCessation Date
PRAKASH CHANDRA JAIN & COLockedLockedLocked
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Board of Directors of Hitkari Packaging Private Limited

Hitkari Packaging has 2 directors on record. No former directors are listed.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Gursharan Singh Amarsingh SethiManaging Director20 Oct 198738 Years 11 MonthsAs last reported
Harjas Gursharansingh SethiWhole-Time Director01 Nov 200124 Years 11 MonthsAs last reported
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Ownership and Shareholding of Hitkari Packaging Private Limited

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Charges & Borrowings of Hitkari Packaging Private Limited

Open charges
₹8.51 Cr
Satisfied charges
₹3.4 Cr
Breakdown by lending institutions
Allahabad Bank₹8.36 Cr
Kotak Mahindra Bank Limited₹0.15 Cr
Latest charge details
DateLenderAmountStatus
19 Dec 2010Kotak Mahindra Bank Limited₹15 LakhOpen
29 Mar 2008Allahabad Bank₹4.18 CrOpen
04 Mar 2008Allahabad Bank₹4.18 CrOpen
12 May 2003State Bank of India₹1.7 CrSatisfied
03 Mar 1998State Bank of India₹1.7 CrSatisfied

Total charge records: 5 View all charges

Employees and EPFO Compliance at Hitkari Packaging Private Limited

Hitkari Packaging Private Limited has a workforce of 0 employees as of Mar 30, 2024.

Active EPFO establishments
1
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Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Hitkari Packaging Private Limited

Hitkari Packaging Private Limited has 2 board changes on record since 1987: 2 appointments. The latest: Harjas Gursharansingh Sethi was appointed as Whole-Time Director on 01 Nov 2001.

AGM
Hitkari Packaging Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Hitkari Packaging Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Ahmedabad.
Charges
A charge with Allahabad Bank of Rs. 418.00 Lakh registered on 04 Mar 2008 with Charge ID 10094500 was modified on 03 Jan 2013.
Charges
A charge with Allahabad Bank of Rs. 418.00 Lakh registered on 29 Mar 2008 with Charge ID 10094502 was modified on 02 Jan 2013.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 15.00 Lakh with Charge ID 10260124 was registered on 19 Dec 2010.
Charges
A charge with Allahabad Bank amounted to Rs. 418.00 Lakh with Charge ID 10094502 was registered on 29 Mar 2008.
Charges
A charge registered on 12 May 2003 via Charge ID 80015084 with State Bank Of India was fully satisfied on 11 Mar 2008.
Charges
A charge registered on 03 Mar 1998 via Charge ID 80015087 with State Bank Of India was fully satisfied on 11 Mar 2008.
Charges
A charge with Allahabad Bank amounted to Rs. 418.00 Lakh with Charge ID 10094500 was registered on 04 Mar 2008.
Charges
A charge with State Bank Of India of Rs. 170.00 Lakh registered on 12 May 2003 with Charge ID 80015084 was modified on 18 Oct 2006.
Charges
A charge with State Bank Of India of Rs. 170.00 Lakh registered on 03 Mar 1998 with Charge ID 80015087 was modified on 07 Jul 2005.
Charges
A charge with State Bank Of India amounted to Rs. 170.00 Lakh with Charge ID 80015084 was registered on 12 May 2003.

4 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Hitkari Packaging Private Limited

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MSME Payment Delays by Hitkari Packaging Private Limited

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Subsidiaries & Group Companies of Hitkari Packaging Private Limited

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GST Compliance of Hitkari Packaging Private Limited

Hitkari Packaging has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1
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MCA Filings & Documents of Hitkari Packaging Private Limited

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Frequently Asked Questions about Hitkari Packaging Private Limited

Hitkari Packaging has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.

Hitkari Packaging was a private limited company based in Vadodara, Gujarat, India. The company worked in industrial packaging solutions, within the packaging industry. It was incorporated on 12 October 1987 and is registered under CIN U74950GJ1987PTC010045. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.

Hitkari Packaging was incorporated on 12 October 1987. It is registered with the Registrar of Companies, Ahmedabad.

Hitkari Packaging had 2 directors:

The CIN (Corporate Identification Number) of Hitkari Packaging is U74950GJ1987PTC010045. 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 Hitkari Packaging is at 339 – 340 GIDC Estate Waghodia, Vadodara, Gujarat, India – 391760.

Hitkari Packaging reported revenue of ₹3.82 Lakh for FY 2021 (down 30% YoY).

Hitkari Packaging has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹90 Lakh.

Hitkari Packaging reported a net loss of ₹8.68 Lakh (net margin -227.3%) and EBITDA of -₹4.92 Lakh (EBITDA margin -128.7%) for FY 2021, as per its filed financial statements.

No. Hitkari Packaging has 1 GST registration on record and it is cancelled or inactive.

Hitkari Packaging operated in the packaging industry, in the industrial packaging solutions segment.

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