MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2020-21)
- Udyam number
- UDYAM-GJ-32-0004857
Milano Papers Private Limited - manufacturing in Sartanpar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹69.77 Cr
▼ 22% YoY
Net profit · FY 2020
₹67.45 Lakh
Net margin 1%
EBITDA · FY 2020
₹5.96 Cr
EBITDA margin 8.5%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹4.87 Cr
Issued & subscribed
Open charges
₹29 Cr
Satisfied ₹34.2 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
13
Provident fund records
About Milano Papers Private Limited
Data last updated:
Milano Papers Private Limited is a private limited company based in Sartanpar, Gujarat, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 07 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21090GJ2010PTC060581. Its GSTIN is 24AAGCM5113R1Z7 (Gujarat).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹4.87 Cr. It is led by directors including Ramaben Bachubhai Agola and Harsh Agola Bachubhai.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at S. No. 153 Nr. Sartanpar Village Wankaner, Gujarat, India – 363622.
As per the financials filed for FY 2020, the company reported a revenue of ₹69.77 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹67.45 Lakh (net margin 1%) and EBITDA of ₹5.96 Cr (EBITDA margin 8.5%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Milano Papers. As per MCA filings, the company has open charges of ₹29 Cr and satisfied charges of ₹34.2 Cr on record. Court records list 160 cases involving the company, including 160 filed against it; 23 cases are pending. The company has 14 deals on record (10 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹12.48 Cr; the latest was in June 2017.
Milano Papers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0004857). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milanopapers.com.
Company details
CIN U21090GJ2010PTC060581
Registration Number 060581
Incorporation Date 07 May 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0004857
Key People
Ramaben Bachubhai Agola Director Harsh Agola Bachubhai Director Bachubhai Bhurabhai Agola Director Recognitions & Rankings of Milano Papers
Contact details
Milano Papers Private Limited's registered office is in Sartanpar, Gujarat. Its website is milanopapers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS. No. 153 Nr. Sartanpar Village Wankaner, Gujarat, India – 363622
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Milano Papers Private Limited, buy the company report.
Comprehensive company report
Milano Papers Private Limited - one report that includes everything
- 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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Brands
Milano Papers operates one associated brand: MILANO PAPERS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of Duplex Board and packaging materials in India. | milanopapers.com |
Financials of Milano Papers Private Limited
FY 2020 filings availableMilano Papers Private Limited reported revenue of ₹69.77 Cr (down 22% YoY) for FY 2020.
Revenue · FY 2020
₹69.77 Cr ▼ 22%
Net profit · FY 2020
₹67.45 Lakh margin 1%
EBITDA · FY 2020
₹5.96 Cr margin 8.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 12%
5 years · compounded
▼ 8%
Revenue has declined at a compounded annual rate (CAGR) of 20% over three years, including a 22% fall in the latest year. EBITDA fell 4% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹69.77 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹67.45 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 1% | ||||
| 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 Milano Papers Private Limited, buy the company report.
Board of directors of Milano Papers Private Limited
Milano Papers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaben Bachubhai Agola | Director | 10 Dec 2011 | 14 Years 10 Months | Current |
| Harsh Agola Bachubhai Also directs: Ramos Ceramic Private Limited | Director | 07 May 2010 | 16 Years 5 Months | Current |
| Bachubhai Bhurabhai Agola Also directs: Ramos Ceramic Private Limited | Director | 07 May 2010 | 16 Years 5 Months | Current |
Auditor
Milano Papers Private Limited is audited by S SHARDA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S SHARDA & ASSOCIATES | FY 2020 | 117361W |
Shareholding
The shareholding of Milano Papers Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Milano Papers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹29 Cr
Satisfied charges
₹34.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2018 | 100171702 | Yes Bank Limited | ₹29 Cr | Open | |
| 21 Feb 2011 | 10271872 | State Bank of India | ₹34.2 Cr | Satisfied |
To see the full charge records of Milano Papers Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Milano Papers Private Limited has 14 deals on record (10 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹12.48 Cr; the latest was in June 2017.
Total deals
14
Secondary share transfers
10
Funding rounds
3
Rights issue
1
Disclosed funding
₹12.48 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Hasmukhbhai Karshanbhai Bhoraniya Huf, 3 individuals |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Bhagvanjibhai Jasmatbhai Bhoraniya Huf, 3 individuals |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2012 | Funding round | ₹1 Cr | Investors: Shivmangal Agency Private Limited , Metrocity Infra Project Advisory Private Limited, Sarshwati Poly Yarns Private Limited |
To see the full deal history of Milano Papers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Milano Papers Private Limited has 160 court cases on record: 160 filed against it. 23 cases are pending and 137 are disposed.
Total cases
160
Filed against the company
160
Pending
23
Disposed
137
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 156 | 156 | 21 |
| NCLT | 3 | 3 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 160)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed against the company by Unique Speditorer Pvt Ltd Through Dharmesh Vasantlal Visariya | Pending |
| District court, MORBI, Gujarat | Criminal miscellaneous application | Filed against the company by Yes Bank Limited Through Its Authorised Officer Ashish Chaturvedi | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by M/S S.P.M. Engmech (India) Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Nepra Resource Management Private Limited | Disposed |
| District court, MORBI, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
To see the full case history of Milano Papers 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
Milano Papers Private Limited was last rated by Icra on 14 Aug 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Aug 2019 |
To see the full credit ratings and regulatory alerts of Milano Papers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Milano Papers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Milano Papers Private Limited has a workforce of 13 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
-40.91%
GST
Milano Papers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCM5113R1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milano Papers Private Limited, buy the company report.
Recent activity
Milano Papers Private Limited has 6 board changes on record since 2010: 3 appointments and 3 cessations. The latest: Nikunj Nandkishorbhai Bhimani ceased to be Director on 29 Nov 2016.
Charges
A charge with Yes Bank Limited of Rs. 29.00 Cr registered on 19 Mar 2018 with Charge ID 100171702 was modified on 22 Mar 2021.
AGM
Milano Papers Private Limited last Annual general meeting of members was held on 29 Dec 2020 as per latest MCA records.
Filing
Milano Papers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Ahmedabad.
Charges
A charge registered on 21 Feb 2011 via Charge ID 10271872 with State Bank Of India was fully satisfied on 19 Apr 2018.
Charges
A charge with Yes Bank Limited amounted to Rs. 29.00 Cr with Charge ID 100171702 was registered on 19 Mar 2018.
Ceased
Nikunj Nandkishorbhai Bhimani ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 34.20 Cr registered on 21 Feb 2011 with Charge ID 10271872 was modified on 24 Aug 2012.
Ceased
Pareshbhai Prafulbhai Detroja ceased to be Director.
Appointed
Ramaben Bachubhai Agola was appointed as Director.
Ceased
Sunil Karamshibhai Aghara ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 34.20 Cr with Charge ID 10271872 was registered on 21 Feb 2011.
Appointed
Bachubhai Bhurabhai Agola was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Milano Papers is an active private limited company based in Sartanpar, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 07 May 2010 (16+ years old) and is registered under CIN U21090GJ2010PTC060581.
Milano Papers has 3 current directors:
- Ramaben Bachubhai Agola - Director
- Harsh Agola Bachubhai - Director
- Bachubhai Bhurabhai Agola - Director
The latest financial statements of Milano Papers on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Milano Papers is 24AAGCM5113R1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Milano Papers is U21090GJ2010PTC060581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milano Papers has 160 court cases on record: 160 filed against it. 23 are pending. Most are in the district courts.
Milano Papers was incorporated on 07 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Milano Papers has 14 deals on record (10 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹12.48 Cr; the latest was in June 2017.
Nikunj Nandkishorbhai Bhimani ceased to be Director on 29 Nov 2016. Pareshbhai Prafulbhai Detroja ceased to be Director on 10 Dec 2011. Ramaben Bachubhai Agola was appointed as Director on 10 Dec 2011. Milano Papers has 6 board changes on record in total.
Yes, Milano Papers is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0004857).