About Reliable Paper (India) Limited
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Reliable Paper (India) Limited is a public limited company based in Mumbai, Maharashtra, 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 and packaging products segment of the manufacturing sector. It was incorporated on 01 July 1999.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21011MH1999PLC120613. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹14.72 Cr. It was formerly known as D.M. Paper Private Limited and Reliable Paper (India) Private Limited. It is led by directors including Bijendra Kumar Jha (Irp/Rp/Liquidator) and Tanil Mafatlal Shah.
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 93 Dadi Sheth Agiyary Lane Off. Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2018, the company reported a revenue of ₹14.35 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹142.37 Cr and EBITDA of -₹18.49 Cr. Revenue has grown at a compounded annual rate (CAGR) of 26% over three years.
As per MCA filings, the company has open charges of ₹178.15 Cr and satisfied charges of ₹178.15 Cr on record. Court records list 21 cases involving the company, including 9 filed by the company and 12 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in August 2007. Its 10 peer companies in the Manufacturing industry (Paper) are compared by revenue, 5 larger and 5 smaller; the largest is Paper Planes Education Consultancy Private Limited with revenue of ₹14.93 Lakh.
The last known website on record is reliablepaperindia.com.
Company details
Name history
Reliable Paper (India) has undergone 2 name changes throughout its history. The company was previously known as D.M. Paper Private Limited, and Reliable Paper (India) Private Limited. The current legal name is Reliable Paper (India) Limited.
| Company Name | Status |
|---|---|
| Reliable Paper (India) Limited | Current |
| D.M. Paper Private Limited | Previous |
| Reliable Paper (India) Private Limited | Previous |
CIN history
Reliable Paper (India) has one previous CIN (Corporate Identification Number): U21011MH1999PTC120613. The current CIN is U21011MH1999PLC120613, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21011MH1999PLC120613 | Current |
| U21011MH1999PTC120613 | Previous |
Contact details
Reliable Paper (India) Limited's registered office is in Mumbai, Maharashtra. Its website is reliablepaperindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address93 Dadi Sheth Agiyary Lane Off. Kalbadevi Road, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Reliable Paper (India) 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 Reliable Paper (India) Limited
FY 2018 filings availableReliable Paper (India) Limited reported revenue of ₹14.35 Lakh (down 44% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 44% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 26%. 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 | ₹14.35 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹18.49 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹142.37 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Reliable Paper (India) Limited, buy the company report.
Board of directors of Reliable Paper (India) Limited
Reliable Paper (India) has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bijendra Kumar Jha Also directs: Stress Credit Resolution Private Limited | Irp/Rp/Liquidator | 15 Jun 2023 | 3 Years 4 Months | As last reported |
| Tanil Mafatlal Shah Also directs: Prime Hygiene Papers Private Limited | Director | 25 Jun 2018 | 8 Years 4 Months | As last reported |
| Hiren Chapshi Boricha | Additional Director | 29 May 2019 | 7 Years 5 Months | As last reported |
| Dayaram Ramdular Sharma Also directs: Speciality Papers Limited, Prime Hygiene Papers Private Limited | Director | 01 Jan 2018 | 8 Years 10 Months | As last reported |
Peer comparison
Reliable Paper (India) Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Paper), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Paper Planes Education Consultancy Private Limited | ₹14.93 Lakh (FY 2019) | 1085.0% | Bhilai, Chhattisgarh, India | |||
| Paper Mache Private Limited | ₹14.91 Lakh (FY 2023) | Delhi, India | ||||
| Panthera Arts and Graphics Private Limited | ₹14.89 Lakh (FY 2022) | -11.0% | Coimbatore, Tamil Nadu, India | |||
| Dynamic Kraft Paper Private Limited | ₹14.83 Lakh (FY 2019) | 4.0% | New Delhi, Delhi, India | |||
| Arobin Paper Solutions Private Limited | ₹14.35 Lakh (FY 2024) | 102.0% | Thane, Maharashtra, India | |||
| Reliable Paper (India) Limitedthis company | ₹14.35 Lakh (FY 2018) | -₹142.37 Cr | -44.0% | Mumbai, Maharashtra, India | ||
| Vijay Foils Private Limited | ₹14.34 Lakh (FY 2025) | 84.0% | New Delhi, Delhi, India | |||
| Shree Printers Pvt Ltd | ₹13.83 Lakh (FY 2025) | 7.0% | Bapunagar, Jaipur, Rajasthan, India | |||
| Paper Exim Private Limited | ₹13.82 Lakh (FY 2025) | -92.0% | Ahmedabad, Gujarat, India | |||
| Ram Palat Papers Private Limited | ₹13.67 Lakh (FY 2020) | -90.0% | Barabanki, Uttar Pradesh, India | |||
| Sardar Paper Mills Private Limited | ₹13.52 Lakh (FY 2019) | -79.0% | Vajepar, Gujarat, India |
To see the full peer comparison of Reliable Paper (India) Limited, buy the company report.
Shareholding
The shareholding of Reliable Paper (India) Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Reliable Paper (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2010 | 10229419 | Corporation Bank | ₹57.7 Cr | Satisfied | |
| 19 Sep 2008 | 10123834 | Corproation Bank | ₹31.5 Cr | Satisfied | |
| 19 Sep 2008 | 10269455 | Orienatl Bank of Commerce | ₹13.5 Cr | Satisfied | |
| 09 Sep 2008 | 10123808 | Orienatl Bank of Commerce | ₹13.5 Cr | Satisfied | |
| 09 Sep 2008 | 10123836 | Corproation Bank | ₹31.5 Cr | Satisfied |
To see the full charge records of Reliable Paper (India) Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Reliable Paper (India) Limited has 1 deal on record (1 acquisition); the latest was in August 2007.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2007 | Acquisition | ₹265.94 Cr | Buyer: Speciality Papers Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Reliable Paper (India) Limited has 21 court cases on record: 9 filed by Reliable Paper (India), 12 filed against it. 1 case is pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 3 | 0 |
| District courts | 10 | 9 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Indiabulls Financial Services Ltd | Disposed |
| Bombay High Court | Court case (EXA) | Filed against the company by M/S Bajaj Finance Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ms. Kotak Mahindra Bank Ltd Th. Miss. Swati Bagwe | Disposed |
| Bombay High Court | Court case (EXA) | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Kotak Mahindra Bank Ltd. | Disposed |
To see the full case history of Reliable Paper (India) 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 Reliable Paper (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Reliable Paper (India) 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 Reliable Paper (India) Limited, buy the company report.
Recent activity
Reliable Paper (India) Limited has 13 board changes on record since 2010: 4 appointments and 9 cessations. The latest: Bijendra Kumar Jha was appointed as Irp/Rp/Liquidator on 15 Jun 2023.
31 earlier events are in the company report.
Frequently asked questions
Reliable Paper (India) 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.
Reliable Paper (India) is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 01 July 1999 and is registered under CIN U21011MH1999PLC120613. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Reliable Paper (India) has 4 current directors:
- Tanil Mafatlal Shah - Director
- Hiren Chapshi Boricha - Additional Director
- Dayaram Ramdular Sharma - Director
- Bijendra Kumar Jha - Irp/Rp/Liquidator
The latest financial statements of Reliable Paper (India) 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 Reliable Paper (India) is U21011MH1999PLC120613. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliable Paper (India) has open charges of ₹178.15 Cr and satisfied charges of ₹178.15 Cr as per latest MCA filings.
Reliable Paper (India) has 21 court cases on record: 9 filed by the company and 12 filed against it. 1 is pending. Most are in the high courts.
Reliable Paper (India) was incorporated on 01 July 1999. It is registered with the Registrar of Companies, Mumbai.
Reliable Paper (India) has 1 deal on record (1 acquisition); the latest was in August 2007.
The peers of Reliable Paper (India) by revenue are Paper Planes Education Consultancy Private Limited, Paper Mache Private Limited, Panthera Arts and Graphics Private Limited, Dynamic Kraft Paper Private Limited, Arobin Paper Solutions Private Limited and 5 more, all in the Manufacturing industry (Paper).
Bijendra Kumar Jha was appointed as Irp/Rp/Liquidator on 15 Jun 2023. Hiren Chapshi Boricha was appointed as Additional Director on 29 May 2019. Nemchand Jethalal Gala ceased to be Managing Director on 29 May 2019. Reliable Paper (India) has 13 board changes on record in total.
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