Pal Binding Private Limited
About Pal Binding Private Limited
Data last updated:
Pal Binding Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the paper segment of the packaging sector. It was incorporated on 16 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21093GJ2017PTC097904. Its GSTIN is 24AAJCP2542E1ZP (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Daya Kirit Bavishiya and Bavisiya Kiritkumar Pravinbhai.
Its last annual general meeting (AGM) was held on 29 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at B – 1 Abhinav Appartments Surjit Society India Colony, Ahmedabad, Gujarat, India – 382350.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.92 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹8,292 (net margin -2.8%) and EBITDA of ₹14,208 (EBITDA margin 4.9%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pal Binding Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 1 Abhinav Appartments Surjit Society India Colony, Ahmedabad, Gujarat, India – 382350
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Pal Binding 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
Business activity
The main business activity of Pal Binding is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Pal Binding Private Limited, buy the company report.
Financials of Pal Binding Private Limited
FY 2019 filings availablePal Binding Private Limited reported revenue of ₹2.92 Lakh (down 60% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 60% in the latest year. EBITDA rose 151% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹2.92 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹14,208 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹8,292 | |
| 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 2018-19 | FY 2017-18 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.9% | |
| Net Profit Margin | -2.8% | |
| 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 Pal Binding Private Limited, buy the company report.
Board of directors of Pal Binding Private Limited
Pal Binding has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daya Kirit Bavishiya | Director | 16 Jun 2017 | 9 Years 4 Months | Current |
| Bavisiya Kiritkumar Pravinbhai Also directs: Boxorigin LLP | Director | 16 Jun 2017 | 9 Years 4 Months | Current |
Peer comparison
Pal Binding Private Limited is compared with the 4 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bilt Industrial Packaging Company Limited | ₹3.01 Lakh (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Pal Binding Private Limitedthis company | ₹2.92 Lakh (FY 2019) | -₹8,292 | -2.8% | -60.0% | Ahmedabad, Gujarat, India | |
| Bisht Paperworks Private Limited | ₹2.8 Lakh (FY 2021) | 43.0% | Kaladugi, Uttarakhand, India | |||
| Narsing Corrugators Private Limited | ₹2.72 Lakh (FY 2022) | -46.0% | Ujjain.(M.P.), Madhya Pradesh, India | |||
| Shree Shakti Paperboard Mills Private Limited | ₹2.72 Lakh (FY 2021) | 125.0% | Kheda, Gujarat, India |
To see the full peer comparison of Pal Binding Private Limited, buy the company report.
Auditor
Pal Binding Private Limited is audited by JAINI R ZAVERI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAINI R ZAVERI & CO | FY 2019 | 142026W |
Shareholding
The shareholding of Pal Binding Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Pal Binding Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pal Binding Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pal Binding Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pal Binding has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCP2542E1ZP | Gujarat | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Pal Binding Private Limited, buy the company report.
Recent activity
Pal Binding Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Bavisiya Kiritkumar Pravinbhai was appointed as Director on 16 Jun 2017.
Frequently asked questions
Pal Binding is an active private limited company based in Ahmedabad, Gujarat, India. The company works in paper, within the packaging industry. It was incorporated on 16 June 2017 (9+ years old) and is registered under CIN U21093GJ2017PTC097904.
Pal Binding has 2 current directors:
- Daya Kirit Bavishiya - Director
- Bavisiya Kiritkumar Pravinbhai - Director
The latest financial statements of Pal Binding on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 29 September 2019. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Pal Binding is 24AAJCP2542E1ZP, registered in Gujarat.
The CIN (Corporate Identification Number) of Pal Binding is U21093GJ2017PTC097904. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pal Binding was incorporated on 16 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Pal Binding by revenue are Bilt Industrial Packaging Company Limited, Bisht Paperworks Private Limited, Narsing Corrugators Private Limited, Shree Shakti Paperboard Mills Private Limited, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Bavisiya Kiritkumar Pravinbhai was appointed as Director on 16 Jun 2017. Daya Kirit Bavishiya was appointed as Director on 16 Jun 2017.
The registered office of Pal Binding is at B – 1 Abhinav Appartments Surjit Society India Colony, Ahmedabad, Gujarat, India – 382350.
Pal Binding operates in the packaging industry, in the paper segment.
The compliance status of Pal Binding is compliant as of 17 August 2026. The company is actively filing with the Registrar of Companies.
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