About Propyl Packaging Limited
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Propyl Packaging Limited is a public limited company based in Thrissur, Kerala, 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 paper, laminated and corrugated packaging segment of the packaging sector. It was incorporated on 26 July 1996.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U25202KL1996PLC010585. Its GSTIN is 32AABCP7383B1ZP (Kerala). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹13.11 Cr. It was formerly known as Propyl Packs Private Limited and Prropyl Packs Private Limited. It is led by directors including Kuttiparambil Sathees Babu Rajesh (Managing Director) and Kuttiparambil Satheesh Babu Saleesh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Unit – 3 Plot – 30 & 31 Kinfra Park Nalukettu Road Koratty, Thrissur, Kerala, India – 680308.
As per the financials filed for FY 2018, the company reported a revenue of ₹25.28 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹5.37 Lakh (net margin 0.2%) and EBITDA of ₹4.54 Cr (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 28% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹28.65 Cr and satisfied charges of ₹14.14 Cr on record. Court records list 21 cases involving the company, including 9 filed by the company and 12 filed against it; 2 cases are pending.
The last known website on record is prropylpacks.com.
Company details
Name history
Propyl Packaging has undergone 3 name changes throughout its history. The company was previously known as Propyl Packs Private Limited, Prropyl Packs Private Limited, and Prropyl Packs Limited. The current legal name is Propyl Packaging Limited.
| Company Name | Status |
|---|---|
| Propyl Packaging Limited | Current |
| Propyl Packs Private Limited | Previous |
| Prropyl Packs Private Limited | Previous |
| Prropyl Packs Limited | Previous |
CIN history
Propyl Packaging has one previous CIN (Corporate Identification Number): U25202KL1996PTC010585. The current CIN is U25202KL1996PLC010585, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25202KL1996PLC010585 | Current |
| U25202KL1996PTC010585 | Previous |
Contact details
Propyl Packaging Limited's registered office is in Thrissur, Kerala. Its website is prropylpacks.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit – 3 Plot – 30 & 31 Kinfra Park Nalukettu Road Koratty, Thrissur, Kerala, India – 680308
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Propyl Packaging 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 Propyl Packaging Limited
FY 2018 filings availablePropyl Packaging Limited reported revenue of ₹25.28 Cr (up 39% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 39% growth in the latest year. EBITDA rose 4% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹25.28 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹4.54 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.37 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 18% | |||
| Net Profit Margin | 0.2% | |||
| 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 Propyl Packaging Limited, buy the company report.
Board of directors of Propyl Packaging Limited
Propyl Packaging has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kuttiparambil Satheesh Babu Saleesh Also directs: Propyl Packs Kovai Private Limited | Whole-Time Director | 26 Jul 1996 | 30 Years 2 Months | As last reported |
| Kuttiparambil Sathees Babu Rajesh Also directs: Propyl Packs Kovai Private Limited | Managing Director | 25 Apr 1997 | 29 Years 5 Months | As last reported |
| Katakwar Avinash | Director | 01 Nov 2009 | 16 Years 11 Months | As last reported |
Auditor
Propyl Packaging Limited is audited by SHANAVAS BAVA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANAVAS BAVA & CO | FY 2018 | 016875S |
Shareholding
The shareholding of Propyl Packaging Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Propyl Packaging Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Dec 2014 | 10543181 | State Bank of India | ₹16.8 Cr | Open | |
| 14 Nov 2011 | 10320692 | Others | ₹1.05 Cr | Open | |
| 10 Feb 2011 | 10267890 | Others | ₹10.8 Cr | Open | |
| 14 Feb 2018 | 100160377 | Others | ₹3 Cr | Satisfied | |
| 11 May 2017 | 100101082 | Others | ₹4.9 Cr | Satisfied |
To see the full charge records of Propyl Packaging Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Propyl Packaging Limited has 21 court cases on record: 9 filed by Propyl Packaging, 12 filed against it. 2 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 11 | 2 |
| High courts | 4 | 0 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Paragon Poly Films Pvt.Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Paragon Poly Films Pvt.Ltd. | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by Mega Freight Movers Ltd. Kalyan Street - Mumbai | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Paragon Poly Films Pvt.Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Paragon Poly Films Pvt.Ltd. | Disposed |
To see the full case history of Propyl Packaging 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 Propyl Packaging Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Propyl Packaging has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Propyl Packs Kovai Private Limited | U25209TZ2001PTC009842 |
To see the full group structure of Propyl Packaging Limited, buy the company report.
Employees & EPFO
Propyl Packaging Limited has a workforce of 1 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Propyl Packaging has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCP7383B1ZP | Kerala | Active | 01 Jul 2017 |
| 33AABCP7383B1ZN | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Propyl Packaging Limited, buy the company report.
Recent activity
Propyl Packaging Limited has 14 board changes on record since 1996: 3 appointments and 11 cessations. The latest: Satheesababu Vallomparambath Kuttiparambil Kumaran ceased to be Director on 27 Mar 2018.
25 earlier events are in the company report.
Frequently asked questions
Propyl Packaging 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.
Propyl Packaging is a company under liquidation, formerly operating as a public limited company based in Thrissur, Kerala, India. The company works in paper, laminated and corrugated packaging, within the packaging industry. It was incorporated on 26 July 1996 and is registered under CIN U25202KL1996PLC010585. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Propyl Packaging has 3 current directors:
- Kuttiparambil Sathees Babu Rajesh - Managing Director
- Kuttiparambil Satheesh Babu Saleesh - Whole-Time Director
- Katakwar Avinash - Director
The latest financial statements of Propyl Packaging on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Propyl Packaging is U25202KL1996PLC010585. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propyl Packaging has open charges of ₹28.65 Cr and satisfied charges of ₹14.14 Cr as per latest MCA filings.
Propyl Packaging has 21 court cases on record: 9 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Propyl Packaging was incorporated on 26 July 1996. It is registered with the Registrar of Companies, Ernakulam.
Satheesababu Vallomparambath Kuttiparambil Kumaran ceased to be Director on 27 Mar 2018. Gopalakrishnan Juguna ceased to be Director on 23 Mar 2017. Leela Kanakkassery Raghavan ceased to be Director on 20 Jan 2017. Propyl Packaging has 14 board changes on record in total.
Propyl Packaging can be reached through the website prropylpacks.com. Its registered office is in Thrissur, Kerala, India.