Saikrupa Packaging Private Limited
About Saikrupa Packaging Private Limited
Data last updated:
Saikrupa Packaging Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the paper segment of the packaging sector. It was incorporated on 19 August 2002.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U21029TN2002PTC049434. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Krishnamurthy Dhanalakshmi and Krishnamurthy Swaminathan.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.26 Kpm Sapphire 11 Thavenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
As per the financials filed for FY 2019, the company reported a revenue of ₹27.71 Lakh, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹46.68 Lakh (net margin -168.4%) and EBITDA of -₹40.46 Lakh (EBITDA margin -146%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹32 Lakh and satisfied charges of ₹25 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Saikrupa Packaging Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo.26 Kpm Sapphire 11 Thavenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Saikrupa Packaging 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
Business activity
The main business activity of Saikrupa Packaging is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Saikrupa Packaging Private Limited, buy the company report.
Financials of Saikrupa Packaging Private Limited
FY 2019 filings availableSaikrupa Packaging Private Limited reported revenue of ₹27.71 Lakh (down 74% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over three years, including a 74% fall 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹40.46 Lakh | ||||
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| Net Profit (PAT) | -₹46.68 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -146% | ||||
| Net Profit Margin | -168.4% | ||||
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To see the full financial statements and ratios of Saikrupa Packaging Private Limited, buy the company report.
Board of directors of Saikrupa Packaging Private Limited
Saikrupa Packaging has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnamurthy Swaminathan Also directs: Chathura Chemicals Private Limited, A.K. Safetech Private Limited | Additional Director | 23 Feb 2017 | 9 Years 8 Months | As last reported |
| Krishnamurthy Dhanalakshmi Also directs: Eden Packaging Private Limited, Chathura Chemicals Private Limited | Director | 19 Aug 2002 | 24 Years 2 Months | As last reported |
| Venkataraman Krishnamurthy Also directs: Eden Packaging Private Limited, Chathura Chemicals Private Limited | Additional Director | 02 Dec 2020 | 5 Years 10 Months | As last reported |
Peer comparison
Saikrupa Packaging Private Limited is compared with the 4 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chamunda Packagers Pvt Ltd | ₹29.78 Lakh (FY 2021) | -81.0% | Nashik, Maharashtra, India | |||
| Sungrace Cartons Private Limited | ₹28.55 Lakh (FY 2018) | Pune, Maharashtra, India | ||||
| Saikrupa Packaging Private Limitedthis company | ₹27.71 Lakh (FY 2019) | -₹46.68 Lakh | -168.4% | -74.0% | Chennai, Tamil Nadu, India | |
| GSB Forms Private Limited | ₹27.55 Lakh (FY 2025) | 10.0% | Cuttack, Odisha, India | |||
| Amrut Pack Print Private Limited | ₹27.48 Lakh (FY 2025) | -79.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Saikrupa Packaging Private Limited, buy the company report.
Auditor
Saikrupa Packaging Private Limited is audited by SARATHY & BALU for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARATHY & BALU | FY 2017 | 003621S |
Shareholding
The shareholding of Saikrupa Packaging Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Saikrupa Packaging Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2016 | 100041857 | Bank of India | ₹2 Lakh | Open | |
| 25 Jul 2012 | 10371493 | Bank of India | ₹30 Lakh | Open | |
| 07 Nov 2002 | 90284155 | State Bank of India | ₹10 Lakh | Satisfied | |
| 07 Nov 2002 | 80035992 | State Bank of India | ₹15 Lakh | Satisfied |
To see the full charge records of Saikrupa Packaging Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Saikrupa Packaging Private Limited has 1 court case on record: 1 filed by Saikrupa Packaging. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Saikrupa Packaging 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 Saikrupa Packaging Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saikrupa Packaging has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Saikrupa Packaging Private Limited, buy the company report.
Recent activity
Saikrupa Packaging Private Limited has 6 board changes on record since 2002: 3 appointments and 3 cessations. The latest: Venkataraman Krishnamurthy was appointed as Additional Director on 02 Dec 2020.
4 earlier events are in the company report.
Frequently asked questions
Saikrupa Packaging is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Saikrupa Packaging is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in paper, within the packaging industry. It was incorporated on 19 August 2002 and is registered under CIN U21029TN2002PTC049434. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Saikrupa Packaging has 3 current directors:
- Krishnamurthy Swaminathan - Additional Director
- Krishnamurthy Dhanalakshmi - Director
- Venkataraman Krishnamurthy - Additional Director
The latest financial statements of Saikrupa Packaging on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Saikrupa Packaging is U21029TN2002PTC049434. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saikrupa Packaging has open charges of ₹32 Lakh and satisfied charges of ₹25 Lakh as per latest MCA filings.
Saikrupa Packaging has 1 court case on record: 1 filed by the company.
Saikrupa Packaging was incorporated on 19 August 2002. It is registered with the Registrar of Companies, Chennai.
The peers of Saikrupa Packaging by revenue are Chamunda Packagers Pvt Ltd, Sungrace Cartons Private Limited, GSB Forms Private Limited, Amrut Pack Print Private Limited, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Venkataraman Krishnamurthy was appointed as Additional Director on 02 Dec 2020. Visalakshi Swaminathan ceased to be Additional Director on 24 May 2019. Krishnamurthy Swaminathan was appointed as Additional Director on 23 Feb 2017. Saikrupa Packaging has 6 board changes on record in total.
The registered office of Saikrupa Packaging is at No.26 Kpm Sapphire 11 Thavenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.