Pragati Print Pack Private Limited
About Pragati Print Pack Private Limited
Data last updated:
Pragati Print Pack Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 20 August 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U70102AP1998PTC029990. Its GSTIN is 37AACCP9673P1ZG (Andhra Pradesh).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.39 Cr. It was formerly known as Pavera Estates Limited and Pragati Print Pack Limited. It is led by directors Satish Varma Mantena (Managing Director) and Venkataramana Padminikumari Mantena.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Visakhapatnam, Andhra Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.78 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.6 Cr (net margin 93.6%) and EBITDA of -₹8.2 Lakh (EBITDA margin -3%). Revenue has declined at a compounded annual rate (CAGR) of 106% over three years and 47% over five years.
The company has about 158 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹39.88 Cr and satisfied charges of ₹14.35 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Pragati Print Pack has undergone 2 name changes throughout its history. The company was previously known as Pavera Estates Limited, and Pragati Print Pack Limited. The current legal name is Pragati Print Pack Private Limited.
| Company Name | Status |
|---|---|
| Pragati Print Pack Private Limited | Current |
| Pavera Estates Limited | Previous |
| Pragati Print Pack Limited | Previous |
CIN history
Pragati Print Pack has one previous CIN (Corporate Identification Number): U70102AP1998PLC029990. The current CIN is U70102AP1998PTC029990, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102AP1998PTC029990 | Current |
| U70102AP1998PLC029990 | Previous |
Contact details
Pragati Print Pack Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No.5 – 28 – 24/17 F – 501 Room No – 1 Kanti Mahanthi Residency, Thokada Pedagantyada Gajuwaka, Visakhapatnam, Andhra Pradesh, India – 530044
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
To see the full contact details of Pragati Print Pack 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
Financials of Pragati Print Pack Private Limited
FY 2024 filings availablePragati Print Pack Private Limited reported revenue of ₹2.78 Cr (up 835% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 835% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 47%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹8.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.6 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3% | ||||
| Net Profit Margin | 93.6% | ||||
| 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 Pragati Print Pack Private Limited, buy the company report.
Board of directors of Pragati Print Pack Private Limited
Pragati Print Pack has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Varma Mantena | Managing Director | 30 Sep 2002 | 24 Years 0 Months | Current |
| Venkataramana Padminikumari Mantena | Director | 30 Sep 2002 | 24 Years 0 Months | Current |
Auditor
Pragati Print Pack Private Limited is audited by MURTHY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MURTHY & ASSOCIATES | FY 2023 | 014085S |
Shareholding
The shareholding of Pragati Print Pack Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pragati Print Pack Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2020 | 100339907 | Others | ₹34.26 Cr | Open | |
| 01 Sep 2018 | 100210528 | Axis Bank Limited | ₹5.62 Cr | Open | |
| 11 Jan 2016 | 10627382 | Axis Bank Limited | ₹7.17 Cr | Satisfied | |
| 25 Nov 2003 | 90136278 | State Bank of Hyderabad | ₹7.18 Cr | Satisfied |
To see the full charge records of Pragati Print Pack Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Pragati Print Pack Private Limited has 4 court cases on record: 4 filed by Pragati Print Pack. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Eastern Power Distribution Company of Andhra Pradesh Limited (Apepdcl) and 6 others | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Andhra Pradesh, and 1 other | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against individuals | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Pragati Print Pack 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pragati Print Pack Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pragati Print Pack Private Limited has a workforce of 158 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Pragati Print Pack has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCP9673P1ZG | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pragati Print Pack Private Limited, buy the company report.
Recent activity
Pragati Print Pack Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Satish Varma Mantena ceased to be Whole-Time Director on 07 Feb 2014.
4 earlier events are in the company report.
Frequently asked questions
Pragati Print Pack is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 20 August 1998 (28+ years old) and is registered under CIN U70102AP1998PTC029990.
Pragati Print Pack has 2 current directors:
- Satish Varma Mantena - Managing Director
- Venkataramana Padminikumari Mantena - Director
The latest financial statements of Pragati Print Pack on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Pragati Print Pack is 37AACCP9673P1ZG, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Pragati Print Pack is U70102AP1998PTC029990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Print Pack has 4 court cases on record: 4 filed by the company.
Pragati Print Pack was incorporated on 20 August 1998, making it 28+ years old. It is registered with the Registrar of Companies, Vijayawada.
Satish Varma Mantena ceased to be Whole-Time Director on 07 Feb 2014. Venkata Satyanarayana Raju Manthena ceased to be Managing Director on 21 Dec 2013. Satish Varma Mantena was appointed as Managing Director on 30 Sep 2002. Pragati Print Pack has 4 board changes on record in total.
The registered office of Pragati Print Pack is at Door No.5 – 28 – 2417 F – 501 Room No – 1 Kanti Mahanthi Residency, Thokada Pedagantyada Gajuwaka, Visakhapatnam, Andhra Pradesh, India – 530044.
Pragati Print Pack operates in the packaging industry, in the laminated and corrugated packaging segment.