About Glory Films Limited
Data last updated:
Glory Films Limited is a public limited company based in Mumbai, Maharashtra, 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 packaging films and foils segment of the packaging sector. It was incorporated on 15 December 1997.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L92110MH1997PLC112461. It is a listed company as per MCA records.
The company has an authorised share capital of ₹63 Cr and a paid-up capital of ₹59.47 Cr. It was formerly known as Glory Poly Films Limited. It is led by directors including Yogesh Prakash Kela (Managing Director) and Umesh Prakash Kela (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at 201 Vintage Pearl 'A' Wing 29th Road Bandra (W), Mumbai, Maharashtra, India – 400050.
The company has about 43 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹400.78 Cr and satisfied charges of ₹5 Cr on record. Court records list 122 cases involving the company, including 25 filed by the company and 97 filed against it; 21 cases are pending. The company has 90 deals on record (89 market trades, 1 ipo); the latest was in March 2014.
The last known website on record is glorypolyfilms.com.
Company details
CIN history
Glory Films has one previous CIN (Corporate Identification Number): U92110MH1997PLC112461. The current CIN is L92110MH1997PLC112461, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L92110MH1997PLC112461 | Current |
| U92110MH1997PLC112461 | Previous |
Contact details
Glory Films Limited's registered office is in Mumbai, Maharashtra.
- Registered Address201 Vintage Pearl 'A' Wing 29th Road Bandra (W), Mumbai, Maharashtra, India – 400050
- IndustryPackaging, Packaging Films & Foils
- 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 Glory Films Limited
FY 2013 filings availableFinancial Statement Summary
| Metrics | FY 2012-13 |
|---|---|
| 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 | |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | |
| 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 2012-13 |
|---|---|
| Profitability | |
| EBITDA Margin | |
| Net Profit Margin | |
| 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 Glory Films Limited, buy the company report.
Board of directors and KMP of Glory Films Limited
Glory Films Limited currently reports 4 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjeetkumar Parmanand Sharma Also directs: Sudal Industries Limited, MHG Management (India) Private Limited | Company Secretary | 03 Aug 2011 | 15 Years 2 Months | As last reported |
| Yogesh Prakash Kela | Managing Director | 15 Dec 1997 | 28 Years 10 Months | As last reported |
| Mangudi Krishnaswamy Muralidharan Also directs: Mastercredit Banking Solutions Private Limited | Director | 30 May 2012 | 14 Years 4 Months | As last reported |
| Umesh Prakash Kela | Whole-Time Director | 15 Dec 1997 | 28 Years 10 Months | As last reported |
| Navin Chandrakant Chokshi | Additional Director | 01 Nov 2013 | 12 Years 11 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2011 | 10336433 | State Bank of India | ₹78.45 Cr | Open | |
| 03 Aug 2011 | 10308693 | Dena Bank | ₹44 Lakh | Open | |
| 15 Jul 2011 | 10298764 | Indian Overseas Bank | ₹3.25 Cr | Open | |
| 10 Nov 2009 | 10193334 | State Bank of India | ₹138.57 Cr | Open | |
| 19 Jan 2009 | 10139907 | State Bank of Bikaner & Jaipur | ₹5 Cr | Open |
To see the full charge records of Glory Films Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Glory Films Limited has 90 deals on record (89 market trades, 1 ipo); the latest was in March 2014.
Deals on record (5 of 90)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Market trade | ₹2.2 Lakh | Buyer: an individual Seller: Jyoti Broking Private Limited |
| May 2013 | Market trade | ₹10.5 Lakh | Buyer: an individual Seller: Streamline Shipping Company Private Limited |
| Apr 2013 | Market trade | ₹4.1 Lakh | Seller: Streamline Shipping Company Private Limited |
| Apr 2013 | Market trade | ₹5.5 Lakh | Seller: Streamline Shipping Company Private Limited |
| Apr 2013 | Market trade | ₹4.9 Lakh | Seller: Streamline Shipping Company Private Limited |
To see the full deal history of Glory Films 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
Glory Films Limited has 122 court cases on record: 25 filed by Glory Films, 97 filed against it. 21 cases are pending and 101 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 70 | 65 | 15 |
| High courts | 52 | 32 | 6 |
Cases on record (5 of 122)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Asset Reconstruction Company (India) Ltd (Secured Creditor) and 2 others | Pending |
| Bombay High Court | Court case (APEAL) | Filed against the company by M/S. Ashoka Buildcon Ltd | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Complaint Cases) | Filed against the company by Uflex Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by M/S Kotak Mahindra Bank Ltd | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Asset Reconstruction Company (India) Ltd. M/S. Apex Law Partners | Disposed |
To see the full case history of Glory Films 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 Glory Films Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Glory Films Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Glory Films Limited has 25 board changes on record since 1997: 15 appointments and 10 cessations. The latest: Navin Chandrakant Chokshi was appointed as Additional Director on 01 Nov 2013.
36 earlier events are in the company report.
Frequently asked questions
Glory Films 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.
Glory Films is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 15 December 1997 and is registered under CIN L92110MH1997PLC112461. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Glory Films has 5 current directors and KMP:
- Yogesh Prakash Kela - Managing Director
- Umesh Prakash Kela - Whole-Time Director
- Mangudi Krishnaswamy Muralidharan - Director
- Navin Chandrakant Chokshi - Additional Director
- Ranjeetkumar Parmanand Sharma - Company Secretary
The latest financial statements of Glory Films on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 30 September 2013. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Glory Films is L92110MH1997PLC112461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Glory Films is a listed company as per MCA records.
Glory Films has open charges of ₹400.78 Cr and satisfied charges of ₹5 Cr as per latest MCA filings.
Glory Films has 122 court cases on record: 25 filed by the company and 97 filed against it. 21 are pending. Most are in the district courts.
Glory Films was incorporated on 15 December 1997. It is registered with the Registrar of Companies, Mumbai.
Glory Films has 90 deals on record (89 market trades, 1 ipo); the latest was in March 2014.