Manglam Paper Private Limited
About Manglam Paper Private Limited
Data last updated:
Manglam Paper Private Limited is a private limited company based in Ahmedabad, Gujarat, 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 paper segment of the packaging sector. It was incorporated on 31 August 1981.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21019GJ1981PTC004585. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.54 Cr. It was formerly known as Tejal Paper Mills Pvt Ltd and Tejal Paper Mills Private Limited. It is led by directors including Lalitkumar Chhotalal Patel (Managing Director) and Ashish Anantray Shah (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 305 Akshat Tower Near Pakvan Dinning Hall S G Highway Bodakdev, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2023, the company reported a revenue of ₹27.4 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹28.98 Cr and EBITDA of -₹28.98 Cr. Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 66% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹34.2 Cr and satisfied charges of ₹11.18 Cr on record. Court records list 14 cases involving the company, including 3 filed by the company and 11 filed against it; 1 case is pending.
Company details
Name history
Manglam Paper has undergone 2 name changes throughout its history. The company was previously known as Tejal Paper Mills Pvt Ltd, and Tejal Paper Mills Private Limited. The current legal name is Manglam Paper Private Limited.
| Company Name | Status |
|---|---|
| Manglam Paper Private Limited | Current |
| Tejal Paper Mills Pvt Ltd | Previous |
| Tejal Paper Mills Private Limited | Previous |
Contact details
Manglam Paper Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address305 Akshat Tower Near Pakvan Dinning Hall S G Highway Bodakdev, Ahmedabad, Gujarat, India – 380054
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Manglam Paper 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
Financials of Manglam Paper Private Limited
FY 2023 filings availableManglam Paper Private Limited reported revenue of ₹27.4 Lakh (down 90% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years, including a 90% fall in the latest year. EBITDA fell 942% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹27.4 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹28.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.98 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Manglam Paper Private Limited, buy the company report.
Board of directors of Manglam Paper Private Limited
Manglam Paper has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalitkumar Chhotalal Patel | Managing Director | 31 Aug 1981 | 45 Years 1 Months | As last reported |
| Ashish Anantray Shah | Irp/Rp/Liquidator | 02 May 2024 | 2 Years 5 Months | As last reported |
| Arunaben Lalitkumar Patel | Director | 01 Aug 2002 | 24 Years 2 Months | As last reported |
Shareholding
The shareholding of Manglam Paper Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Manglam Paper Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2019 | 100276053 | Others | ₹4.7 Cr | Open | |
| 30 Mar 2016 | 100021059 | Others | ₹29.5 Cr | Open | |
| 18 Oct 2013 | 10462989 | Bank of Maharashtra | ₹3.45 Cr | Satisfied | |
| 03 Dec 2008 | 10135376 | State Bank of India | ₹6.23 Cr | Satisfied | |
| 10 Aug 1999 | 90107763 | Charota Nagric Sahkari Bank Ltd. | ₹10 Lakh | Satisfied |
To see the full charge records of Manglam Paper Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Manglam Paper Private Limited has 14 court cases on record: 3 filed by Manglam Paper, 11 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 1 |
| High courts | 4 | 2 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Ashapura Logistics Ltd Through Sanjay Lodaya | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by an individual | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (RECO33C1 LC) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union Bank of India Through Authorized Officer and 3 others | Disposed |
To see the full case history of Manglam Paper 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.
Credit ratings & regulatory alerts
Manglam Paper Private Limited was last rated by Indiarating on 12 Mar 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 12 Mar 2018 |
To see the full credit ratings and regulatory alerts of Manglam Paper Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Manglam Paper Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Manglam Paper Private Limited has a workforce of 2 employees on its EPFO records as of Nov 25, 2024, across 1 active EPFO establishment.
GST
Manglam Paper 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 Manglam Paper Private Limited, buy the company report.
Recent activity
Manglam Paper Private Limited has 8 board changes on record since 1981: 3 appointments and 5 cessations. The latest: Ashish Anantray Shah was appointed as Irp/Rp/Liquidator on 02 May 2024.
17 earlier events are in the company report.
Frequently asked questions
Manglam Paper 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.
Manglam Paper is a company under liquidation, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in paper, within the packaging industry. It was incorporated on 31 August 1981 and is registered under CIN U21019GJ1981PTC004585. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Manglam Paper has 3 current directors:
- Lalitkumar Chhotalal Patel - Managing Director
- Arunaben Lalitkumar Patel - Director
- Ashish Anantray Shah - Irp/Rp/Liquidator
The latest financial statements of Manglam Paper on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Manglam Paper is U21019GJ1981PTC004585. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manglam Paper has open charges of ₹34.2 Cr and satisfied charges of ₹11.18 Cr as per latest MCA filings.
Manglam Paper has 14 court cases on record: 3 filed by the company and 11 filed against it. 1 is pending. Most are in the district courts.
Manglam Paper was incorporated on 31 August 1981. It is registered with the Registrar of Companies, Ahmedabad.
Ashish Anantray Shah was appointed as Irp/Rp/Liquidator on 02 May 2024. Kosha Pankit Shah ceased to be Company Secretary on 01 Apr 2017. Lalitkumar Chhotalal Patel ceased to be Director on 25 Feb 2016. Manglam Paper has 8 board changes on record in total.
The registered office of Manglam Paper is at 305 Akshat Tower Near Pakvan Dinning Hall S G Highway Bodakdev, Ahmedabad, Gujarat, India – 380054.