Laxmi Propylene Limited
About Laxmi Propylene Limited
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Laxmi Propylene Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the non-metallic mineral products segment of the plastics and polymers sector. It was incorporated on 21 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U25209TG1997PLC026484. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors including Buddana Panduranga Rao (Managing Director) and Venkata Lakshmi Buddana.
Its last annual general meeting (AGM) was held on 29 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2015, the company reported a revenue of ₹2.66 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹67.68 Lakh (net margin -25.5%) and EBITDA of -₹48.43 Lakh (EBITDA margin -18.2%).
As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹1.57 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Laxmi Propylene has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U25209TG1997PLC026484, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209TG1997PLC026484 | Current |
| U25209AP1997PLC026484 | Previous |
| U25209AP1997PTC026484 | Previous |
Contact details
Laxmi Propylene Limited's registered office is in Hyderabad, Telangana.
- Registered AddressFlat No.506 Lazend Apartment Mothilal Nehrunagar Besside Model Dairy, Begumpet, Hyderabad, Telangana, India – 500016
- IndustryPlastics, Non-Metallic Mineral Products, Fabricated Metal Products, Rubber Products, Plastic Products
- 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 Laxmi Propylene is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Laxmi Propylene Limited, buy the company report.
Financials of Laxmi Propylene Limited
FY 2015 filings availableLaxmi Propylene Limited reported revenue of ₹2.66 Cr (up 18% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year. EBITDA fell 291% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹48.43 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹67.68 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
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -18.2% |
| Net Profit Margin | -25.5% |
| 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 Laxmi Propylene Limited, buy the company report.
Board of directors of Laxmi Propylene Limited
Laxmi Propylene has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Lakshmi Buddana | Director | 22 Feb 2007 | 19 Years 8 Months | Current |
| Lalitha Buddana | Director | 22 Feb 2007 | 19 Years 8 Months | Current |
| Buddana Panduranga Rao Also directs: Venlax Flexy Packs Private Limited | Managing Director | 22 Feb 2007 | 19 Years 8 Months | Current |
Peer comparison
Laxmi Propylene Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Laxmi Propylene Limitedthis company | ₹2.66 Cr (FY 2015) | -₹67.68 Lakh | -25.5% | 18.0% | Hyderabad, Telangana, India | |
| Universal Polybags Industries Private Limited | ₹2.64 Cr (FY 2025) | -77.0% | Virudhunagar, Tamil Nadu, India | |||
| Swastik Laminators Private Ltd | ₹2.63 Cr (FY 2024) | -8.0% | New Delhi, Delhi, India | |||
| Tirth Printpack Private Limited | ₹2.55 Cr (FY 2025) | -45.0% | Veraval Shapar, Gujarat, India |
To see the full peer comparison of Laxmi Propylene Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2011 | 10331572 | The Karur Vysya Bank Limited | ₹90 Lakh | Open | |
| 22 Sep 1999 | 90115880 | Andhra Pradesh State Financial Corpn Ltd | ₹59.5 Lakh | Open | |
| 24 Mar 2005 | 90118048 | Andhra Bankd | ₹50 Lakh | Satisfied | |
| 26 Mar 2004 | 90117923 | Andhra Bankd | ₹35 Lakh | Satisfied | |
| 03 Sep 2002 | 90117759 | Andhra Bank | ₹26 Lakh | Satisfied |
To see the full charge records of Laxmi Propylene Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Laxmi Propylene Limited has 4 court cases on record: 2 filed by Laxmi Propylene, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Global Trade Finance Ltd | Pending |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Adarsh Chemicals | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against Sbi Global Factors Ltd. - the State of Maharashtra - Respondent | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Sbi Global Factors Ltd. - the State of Maharashtra - Respondent | Disposed |
To see the full case history of Laxmi Propylene 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 Laxmi Propylene Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Laxmi Propylene 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 Laxmi Propylene Limited, buy the company report.
Recent activity
Laxmi Propylene Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Neerakshi Buddana ceased to be Director on 14 Sep 2011.
9 earlier events are in the company report.
Frequently asked questions
Laxmi Propylene is an active public limited company based in Hyderabad, Telangana, India. The company works in non-metallic mineral products, within the plastics industry. It was incorporated on 21 February 1997 (29+ years old) and is registered under CIN U25209TG1997PLC026484.
Laxmi Propylene has 3 current directors:
- Buddana Panduranga Rao - Managing Director
- Venkata Lakshmi Buddana - Director
- Lalitha Buddana - Director
The latest financial statements of Laxmi Propylene on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 29 September 2015. Year-wise statements from 2015 are in the company report.
No. Laxmi Propylene has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Laxmi Propylene is U25209TG1997PLC026484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Laxmi Propylene has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending.
Laxmi Propylene was incorporated on 21 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Laxmi Propylene by revenue are Universal Polybags Industries Private Limited, Swastik Laminators Private Ltd, Tirth Printpack Private Limited, all in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Neerakshi Buddana ceased to be Director on 14 Sep 2011. Buddana Panduranga Rao was appointed as Managing Director on 22 Feb 2007. Lalitha Buddana was appointed as Director on 22 Feb 2007. Laxmi Propylene has 4 board changes on record in total.
The registered office of Laxmi Propylene is at Flat No.506 Lazend Apartment Mothilal Nehrunagar Besside Model Dairy, Begumpet, Hyderabad, Telangana, India – 500016.
Laxmi Propylene operates in the plastics industry, in the non-metallic mineral products segment.