About Positive Packaging Industries Limited
Data last updated:
Positive Packaging Industries Limited was a public limited foreign company incorporated in india based in Mumbai, Maharashtra, India, operated as a subsidiary of Huhtamaki Ppl Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial packaging solutions segment of the packaging sector. It was incorporated on 10 May 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74952MH1994FLC078296. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹72.8 Cr and a paid-up capital of ₹44.83 Cr. It was led by directors including Venkatrangan Aravamudhan (Managing Director) and Suresh Gupta.
Its last annual general meeting (AGM) was held on 22 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹919.27 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹35.87 Cr (net margin 3.9%) and EBITDA of ₹123.21 Cr (EBITDA margin 13.4%).
The company had about 41 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Positive Packaging. As per MCA filings, the company had satisfied charges of ₹576.8 Cr on record. Court records list 26 cases involving the company, including 19 filed by the company and 7 filed against it; 5 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in July 2014.
The last known website on record is positivepackaging.com.
Company details
CIN history
Positive Packaging Industries has one previous CIN (Corporate Identification Number): U74952MH1994PLC078296. The current CIN is U74952MH1994FLC078296, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74952MH1994FLC078296 | Current |
| U74952MH1994PLC078296 | Previous |
Contact details
Positive Packaging Industries Limited's registered office is in Mumbai, Maharashtra. Its website is positivepackaging.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address12A – 06 B – Wing 13th Floor Parinee Crescenzo C – 38/39 G – Block Bandra Kurla Complex B, Andra, Mumbai, Maharashtra, India – 400051
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Positive Packaging Industries 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
Brands
Positive Packaging Industries operates one associated brand: Positive Packaging. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Flexible Packaging Solutions - Laminates ( Rolls & Tubes), Pouches, CPP Films | positivepackaging.com |
Business activity
The main business activity of Positive Packaging Industries is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Positive Packaging Industries Limited, buy the company report.
Financials of Positive Packaging Industries Limited
FY 2016 filings availablePositive Packaging Industries Limited reported revenue of ₹919.27 Cr (down 5% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year. EBITDA rose 516% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹919.27 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹123.21 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹35.87 Cr | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 13.4% | |
| Net Profit Margin | 3.9% | |
| 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 Positive Packaging Industries Limited, buy the company report.
Board of directors and KMP of Positive Packaging Industries Limited
Positive Packaging Industries Limited currently reports 6 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Gupta | Director | 30 Jan 2015 | 11 Years 9 Months | As last reported |
| Arun Kumar Ramanlal Gandhi | Director | 30 Jan 2015 | 11 Years 9 Months | As last reported |
| Sukanya Kripalu Anand Also directs: Aditya Birla Real Estate Limited, Colgate-Palmolive (India) Limited, Ceat Limited and 5 more | Director | 17 Mar 2015 | 11 Years 7 Months | As last reported |
| Parag Madhukar Vyavahare | Cfo | 20 Feb 2015 | 11 Years 8 Months | As last reported |
| Venkatrangan Aravamudhan | Managing Director | 30 Jan 2015 | 11 Years 9 Months | As last reported |
| Sarvadaman Krishnarao Palekar | Director | 30 Jan 2015 | 11 Years 9 Months | As last reported |
Auditor
Positive Packaging Industries Limited is audited by S. R. B. C. & Co. LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. B. C. & Co. LLP | FY 2016 |
Shareholding
The shareholding of Positive Packaging Industries Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Positive Packaging Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2012 | 10347482 | Standard Chartered Investments and Loans (India) Limited | ₹40 Cr | Satisfied | |
| 05 Mar 2012 | 10345354 | State Bank of India | ₹30 Cr | Satisfied | |
| 12 Dec 2011 | 10321431 | Landesbank Baden-Wurttemberg | ₹16.74 Cr | Satisfied | |
| 10 May 2010 | 10221241 | Standard Chartered Bank | ₹45 Cr | Satisfied | |
| 03 Jul 2009 | 10168717 | State Bank of India | ₹179.4 Cr | Satisfied |
To see the full charge records of Positive Packaging Industries Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Positive Packaging Industries Limited has 1 deal on record (1 acquisition); the latest was in July 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2014 | Acquisition | ₹2,015 Cr | Buyer: Huhtamaki India Limited Seller: Enpee Group |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Positive Packaging Industries Limited has 26 court cases on record: 19 filed by Positive Packaging Industries, 7 filed against it. 5 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 6 | 5 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India and 3 Ors. | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Commissioner of Central Excise, Raigad Commissionerate, | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 6 | Disposed |
| Bombay High Court | Court case (CHOL) | Filed by the company against Union of India and 3 Ors. | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Referene (IT)) | Filed by the company against an individual | Disposed |
To see the full case history of Positive Packaging Industries 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 Positive Packaging Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Positive Packaging Industries Limited has a workforce of 41 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Positive Packaging Industries has 4 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 Positive Packaging Industries Limited, buy the company report.
Recent activity
Positive Packaging Industries Limited has 28 board changes on record since 2006: 7 appointments and 21 cessations. The latest: Thomas Christer Joachim Geust was appointed as Director on 09 Aug 2016.
63 earlier events are in the company report.
News
Frequently asked questions
Positive Packaging Industries has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Positive Packaging Industries was a public limited foreign company incorporated in india based in Mumbai, Maharashtra, India. The company worked in industrial packaging solutions, within the packaging industry. It was incorporated on 10 May 1994 and is registered under CIN U74952MH1994FLC078296. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Positive Packaging Industries was incorporated on 10 May 1994. It is registered with the Registrar of Companies, Mumbai.
Positive Packaging Industries had 7 directors and KMP:
- Venkatrangan Aravamudhan - Managing Director
- Suresh Gupta - Director
- Arun Kumar Ramanlal Gandhi - Director
- Sukanya Kripalu Anand - Director
- Sarvadaman Krishnarao Palekar - Director
- Thomas Christer Joachim Geust - Director
- Parag Madhukar Vyavahare - Cfo
The CIN (Corporate Identification Number) of Positive Packaging Industries is U74952MH1994FLC078296. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Positive Packaging Industries is at 12A – 06 B – Wing 13th Floor Parinee Crescenzo C – 3839 G – Block Bandra Kurla Complex B, Andra, Mumbai, Maharashtra, India – 400051.
Positive Packaging Industries can be reached through the website positivepackaging.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Positive Packaging Industries on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 22 September 2016. Year-wise statements from 2015 are in the company report.
No. Positive Packaging Industries has 4 GST registrations on record and all of them are cancelled or inactive.
Positive Packaging Industries operated in the packaging industry, in the industrial packaging solutions segment.
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