Riteway Packaging Private Limited

Riteway Packaging Private Limited - packaging in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U21000KA2012PTC063590 Incorporated 17 April 2012 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company packaging
Data last updated
Revenue · FY 2020
₹3.33 Cr
▼ 28% YoY
Net loss · FY 2020
₹13.77 Lakh
Net margin -4.1%
EBITDA · FY 2020
₹89.88 Lakh
EBITDA margin 27%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹5.08 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Directors on board
3
As per MCA filings

About Riteway Packaging Private Limited

Data last updated:

Riteway Packaging Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 17 April 2012 and has been in existence for over 14 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U21000KA2012PTC063590. Its GSTIN is 33AAFCR8204H1ZJ (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Kavithasan (Managing Director) and Dhanalakshmi.

Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Bangalore, Karnataka.

As per the financials filed for FY 2020, the company reported a revenue of ₹3.33 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹13.77 Lakh (net margin -4.1%) and EBITDA of ₹89.88 Lakh (EBITDA margin 27%).

As per MCA filings, the company has open charges of ₹5.08 Cr on record. Court records list 40 cases involving the company, including 4 filed by the company and 36 filed against it; 10 cases are pending.

The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ritewaypack.com.

Company Details of Riteway Packaging Private Limited
CIN U21000KA2012PTC063590
Registration Number 063590
Incorporation Date 17 April 2012
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Non-Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    No. 3/8 – 1 4th Cross Somasawara Temple Road Opp. M.G. School Blakalahalli Bennarga, Tta Road, Bangalore, Karnataka, India – 560076
  • Industry
    Packaging, Laminated & Corrugated Packaging, Paper
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Financials, compliance, directors, charges, ownership and filings for Riteway Packaging Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Riteway Packaging Private Limited

The main business activity of Riteway Packaging is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC3Wood and wood products, furniture, paper and paper productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
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Board of Directors of Riteway Packaging Private Limited

Riteway Packaging has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
DhanalakshmiDirector29 Jun 201214 Years 3 MonthsCurrent
KavithasanManaging Director17 Apr 201214 Years 5 MonthsCurrent
Kulanthai Gounder SubramaniAdditional Director24 Jan 201511 Years 8 MonthsCurrent

Financials of Riteway Packaging Private Limited FY 2020 filings available

Riteway Packaging Private Limited reported revenue of ₹3.33 Cr (down 28% YoY) for FY 2020.

Revenue · FY 2020
₹3.33 Cr ▼ 28%
Net loss · FY 2020
₹13.77 Lakh margin -4.1%
EBITDA · FY 2020
₹89.88 Lakh margin 27%

Compounded Annual Growth Rate (CAGR) of Riteway Packaging Private Limited

Revenue CAGR growth
1 year
▼ 28%
EBITDA CAGR growth
1 year
▼ 9%
5 years · compounded
▲ 24%

Revenue fell 28% in the latest year. EBITDA fell 9% 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 of Riteway Packaging Private Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹3.33 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹89.88 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹13.77 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 of Riteway Packaging Private Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profitability
EBITDA Margin27%••••••••••••••••
Net Profit Margin-4.1%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Riteway Packaging are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Ownership and Shareholding of Riteway Packaging Private Limited

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Charges & Borrowings of Riteway Packaging Private Limited

Open charges
₹5.08 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹2.92 Cr
Indian Bank₹1.51 Cr
Canara Bank₹0.65 Cr
Latest charge details
DateLenderAmountStatus
10 Nov 2021Canara Bank₹65 LakhOpen
31 Jan 2018Others₹1.42 CrOpen
18 Dec 2017Others₹1.5 CrOpen
07 Jul 2012Indian Bank₹1.51 CrOpen

Total charge records: 4 View all charges

Employees and EPFO Compliance at Riteway Packaging Private Limited

Riteway Packaging Private Limited has a workforce of 0 employees as of Apr 07, 2024.

Active EPFO establishments
1
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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GST Compliance of Riteway Packaging Private Limited

Riteway Packaging has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
33AAFCR8204H1ZJTamil NaduActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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Credit Ratings, Litigation & Regulatory Alerts for Riteway Packaging Private Limited

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Credit ratings, litigation, and regulatory alerts

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MSME Payment Delays by Riteway Packaging Private Limited

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Riteway Packaging Private Limited

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MCA Filings & Documents of Riteway Packaging Private Limited

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MCA filings and documents

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Recent Activity on Riteway Packaging Private Limited

Charges
10 Nov 2021
A charge with Canara Bank amounted to Rs. 65.00 Lakh with Charge ID 100505463 was registered on 10 Nov 2021.
Activity
31 Dec 2020
Riteway Packaging Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Activity
31 Mar 2020
Riteway Packaging Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Bangalore.
Charges
31 Jan 2018
A charge with Others amounted to Rs. 141.58 Lakh with Charge ID 100152629 was registered on 31 Jan 2018.
Charges
18 Dec 2017
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 100148127 was registered on 18 Dec 2017.
Directors
24 Jan 2015
Kulanthai Gounder Subramani was appointed as a Additional Director on 24 Jan 2015 & has been associated with this company since 11 years 8 months.

Frequently Asked Questions about Riteway Packaging Private Limited

Riteway Packaging is an active private limited company based in Bangalore, Karnataka, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 17 April 2012 (14+ years old) and is registered under CIN U21000KA2012PTC063590.

Riteway Packaging reported revenue of ₹3.33 Cr for FY 2020 (down 28% YoY).

Riteway Packaging has 3 current directors:

Riteway Packaging reported a net loss of ₹13.77 Lakh (net margin -4.1%) and EBITDA of ₹89.88 Lakh (EBITDA margin 27%) for FY 2020, as per its filed financial statements.

The GSTIN of Riteway Packaging is 33AAFCR8204H1ZJ, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Riteway Packaging is U21000KA2012PTC063590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Riteway Packaging has 40 court cases on record: 4 filed by the company and 36 filed against it. 10 are pending. Most are in the district courts.

Riteway Packaging was incorporated on 17 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.

Riteway Packaging can be reached through the website ritewaypack.com. Its registered office is in Bangalore, Karnataka, India.

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