Modinagar Paper Mills Limited
About Modinagar Paper Mills Limited
Data last updated:
Modinagar Paper Mills Limited is a public limited company based in Uttar Prdesh, Uttar Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 06 December 1979.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U51100UP1979PLC004889. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.39 Cr. It is led by directors including Anubhav Gupta (Whole-Time Director) and Vikas Gupta.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Major Asha Ram Tyagi Road Modi Nagar Ghaziabad, Uttar Prdesh, Uttar Pradesh, India – 201204.
As per the financials filed for FY 2017, the company reported a revenue of ₹79.63 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹76.3 Lakh (net margin -1%) and EBITDA of ₹3.71 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹33 Cr and satisfied charges of ₹65.06 Cr on record. Court records list 114 cases involving the company, including 42 filed by the company and 72 filed against it; 16 cases are pending.
Company details
CIN history
Modinagar Paper Mills has one previous CIN (Corporate Identification Number): U21012UP1979PLC004889. The current CIN is U51100UP1979PLC004889, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100UP1979PLC004889 | Current |
| U21012UP1979PLC004889 | Previous |
Contact details
Modinagar Paper Mills Limited's registered office is in Uttar Prdesh, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressMajor Asha Ram Tyagi Road Modi Nagar Ghaziabad, Uttar Prdesh, Uttar Pradesh, India – 201204
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Modinagar Paper Mills 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 Modinagar Paper Mills Limited
FY 2017 filings availableModinagar Paper Mills Limited reported revenue of ₹79.63 Cr (up 25% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 25% growth in the latest year. EBITDA rose 30% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹79.63 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.71 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹76.3 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.7% | ||
| 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 Modinagar Paper Mills Limited, buy the company report.
Board of directors of Modinagar Paper Mills Limited
Modinagar Paper Mills has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anubhav Gupta Also directs: Ansh Energy Limited Liability Partnership | Whole-Time Director | 01 Feb 2007 | 19 Years 8 Months | As last reported |
| Vikas Gupta | Director | 01 Mar 2001 | 25 Years 7 Months | As last reported |
| Manish Jain Also directs: Sumti Reality Private Limited | Additional Director | 28 Jan 2019 | 7 Years 9 Months | As last reported |
Auditor
Modinagar Paper Mills Limited is audited by S S GUPTA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S GUPTA & CO | FY 2017 | 005906C |
Shareholding
The shareholding of Modinagar Paper Mills Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Modinagar Paper Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2016 | 10620591 | Edelweiss Retail Finance Limited | ₹75 Lakh | Open | |
| 30 Sep 2015 | 10597713 | Kotak Mahindra Bank Limited | ₹31.88 Cr | Open | |
| 25 Oct 2008 | 10129552 | Allahabad Bank | ₹14 Lakh | Open | |
| 11 Aug 2008 | 10119204 | Allahabad Bank | ₹15 Lakh | Open | |
| 27 Dec 2006 | 10032166 | Punjab National Bank | ₹8 Lakh | Open |
To see the full charge records of Modinagar Paper Mills Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Modinagar Paper Mills Limited has 114 court cases on record: 42 filed by Modinagar Paper Mills, 72 filed against it. 16 cases are pending and 98 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 75 | 59 | 13 |
| High courts | 21 | 2 | 3 |
| NCLT | 18 | 11 | 0 |
Cases on record (5 of 114)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Revision petition | Filed against the company by Kotak Mahindra Bank Ltd - Ashwin Sharma | Pending |
| NCLT, Allahabad | Insolvency matter | Filed by the company against Kotak Mahindra Bank Limited | Disposed |
| District court, Ghaziabad, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Kotak Mahindra Bank Ltd - Lalit Rankawat | Disposed |
| Allahabad High Court | Writ petition | Filed against the company by Kotak Mahindra Bank Ltd. New Delhi | Disposed |
| NCLT, Allahabad | Insolvency matter | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
To see the full case history of Modinagar Paper Mills 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 Modinagar Paper Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Modinagar Paper Mills has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Modinagar Paper Mills Limited, buy the company report.
Recent activity
Modinagar Paper Mills Limited has 14 board changes on record since 2001: 3 appointments and 11 cessations. The latest: Manish Jain ceased to be Additional Director on 14 Dec 2020.
26 earlier events are in the company report.
Frequently asked questions
Modinagar Paper Mills is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Modinagar Paper Mills is a company under insolvency, formerly operating as a public limited company based in Uttar Prdesh, Uttar Pradesh, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 06 December 1979 and is registered under CIN U51100UP1979PLC004889. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Modinagar Paper Mills has 3 current directors:
- Anubhav Gupta - Whole-Time Director
- Vikas Gupta - Director
- Manish Jain - Additional Director
The latest financial statements of Modinagar Paper Mills on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Modinagar Paper Mills is U51100UP1979PLC004889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modinagar Paper Mills has open charges of ₹33 Cr and satisfied charges of ₹65.06 Cr as per latest MCA filings.
Modinagar Paper Mills has 114 court cases on record: 42 filed by the company and 72 filed against it. 16 are pending. Most are in the district courts.
Modinagar Paper Mills was incorporated on 06 December 1979. It is registered with the Registrar of Companies, Kanpur.
Manish Jain ceased to be Additional Director on 14 Dec 2020. Raghuvinder Singh ceased to be Additional Director on 30 Sep 2019. Manish Jain was appointed as Additional Director on 28 Jan 2019. Modinagar Paper Mills has 14 board changes on record in total.
The registered office of Modinagar Paper Mills is at Major Asha Ram Tyagi Road Modi Nagar Ghaziabad, Uttar Prdesh, Uttar Pradesh, India – 201204.
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