About Servalakshmi Paper Limited
Data last updated:
Servalakshmi Paper Limited is a public limited company based in Tirunelveli, Tamil Nadu, 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 03 November 2005.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L21012TN2005PLC092783. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from NSE on 17 Oct 2019 · winding up and from BSE on 14 Feb 2020 · winding up, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹43.11 Cr. It was formerly known as Sri Sai Shakthi Raam Papers Private Limited and Servalakshmi Paper Private Limited. It is led by directors including Yarlagada Shivaramprasad (Managing Director) and Duraisamynaidu Muthusamy.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Kodaganallur Village Vaduganpatti Post I.C.Pettai, Tirunelveli, Tamil Nadu, India – 627010.
As per the financials filed for FY 2016, the company reported a revenue of ₹52.78 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹127.38 Cr (net margin -241.3%) and EBITDA of -₹47.13 Cr (EBITDA margin -89.3%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 17% over five years.
The company is associated with 1 brand: Servalakshmi Paper. As per MCA filings, the company has open charges of ₹323.21 Cr and satisfied charges of ₹10 Cr on record. Court records list 257 cases involving the company, including 191 filed by the company and 72 filed against it; 12 cases are pending. The company has 6 deals on record (5 market trades, 1 ipo); the latest was in September 2012.
The last known website on record is servalakshmi.in.
Company details
Name history
Servalakshmi Paper has undergone 2 name changes throughout its history. The company was previously known as Sri Sai Shakthi Raam Papers Private Limited, and Servalakshmi Paper Private Limited. The current legal name is Servalakshmi Paper Limited.
| Company Name | Status |
|---|---|
| Servalakshmi Paper Limited | Current |
| Sri Sai Shakthi Raam Papers Private Limited | Previous |
| Servalakshmi Paper Private Limited | Previous |
CIN history
Servalakshmi Paper has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L21012TN2005PLC092783, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L21012TN2005PLC092783 | Current |
| U21012TZ2005PTC012260 | Previous |
| U21012TZ2005PLC012260 | Previous |
| L21012TZ2005PLC012260 | Previous |
Contact details
Servalakshmi Paper Limited's registered office is in Tirunelveli, Tamil Nadu. Its website is servalakshmi.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressKodaganallur Village Vaduganpatti Post I.C.Pettai, Tirunelveli, Tamil Nadu, India – 627010
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Servalakshmi Paper 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
Brands
Servalakshmi Paper operates one associated brand: Servalakshmi Paper. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer & supplier of paper products | servalakshmi.in |
Financials of Servalakshmi Paper Limited
FY 2016 filings availableServalakshmi Paper Limited reported revenue of ₹52.78 Cr (down 72% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 72% 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹52.78 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹47.13 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹127.38 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -89.3% | |
| Net Profit Margin | -241.3% | |
| 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 Servalakshmi Paper Limited, buy the company report.
Board of directors of Servalakshmi Paper Limited
Servalakshmi Paper has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Duraisamynaidu Muthusamy | Director | 12 Feb 2007 | 19 Years 8 Months | As last reported |
| Yarlagada Shivaramprasad | Managing Director | 12 Feb 2007 | 19 Years 8 Months | As last reported |
| Rangaswamy Ramswamy | Director | 03 Nov 2005 | 20 Years 11 Months | As last reported |
Auditor
Servalakshmi Paper Limited is audited by S KRISHNAMOORTHY & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S KRISHNAMOORTHY & CO | FY 2016 | 001496S |
Shareholding
The shareholding of Servalakshmi Paper Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Servalakshmi Paper Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Nov 2014 | 10529330 | Indian Overseas Bank | ₹4.34 Cr | Open | |
| 14 Oct 2009 | 10188397 | Indian Overseas Bank | ₹43.8 Cr | Open | |
| 14 Oct 2009 | 10185308 | Pridhvi Asset Reconstruction and Securitisation Company Limited | ₹13.25 Cr | Open | |
| 14 Oct 2009 | 10183891 | Bank of India | ₹15.5 Cr | Open | |
| 06 Nov 2008 | 10130409 | Bank of India | ₹77.8 Cr | Open |
To see the full charge records of Servalakshmi Paper Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Servalakshmi Paper Limited has 6 deals on record (5 market trades, 1 ipo); the latest was in September 2012.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Market trade | ₹10.7 Lakh | Buyer: Platinumline Investment & Trading Co Ltd Seller: Sarba Mangalam Fine Tex Private Limited |
| Sep 2012 | Market trade | ₹19.6 Lakh | Buyer: an individual Seller: an individual |
| Mar 2012 | Market trade | ₹53.8 Lakh | Buyer: 2 individuals Seller: an individual |
| Mar 2012 | Market trade | ₹74.6 Lakh | Buyer: an individual Seller: an individual |
| May 2011 | Market trade | ₹2.22 Cr | Buyer: Crosseas Capital Markets Private Limited , an individual Seller: Crosseas Capital Markets Private Limited |
To see the full deal history of Servalakshmi Paper Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Servalakshmi Paper Limited has 257 court cases on record: 191 filed by Servalakshmi Paper, 72 filed against it. 12 cases are pending and 245 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 148 | 43 | 8 |
| High courts | 87 | 12 | 0 |
| Supreme Court | 12 | 11 | 2 |
| NCLAT | 6 | 6 | 2 |
| NCLT | 4 | 0 | 0 |
Cases on record (5 of 257)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Iifl Samasta Finance Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Iifl Samasta Finance Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Iifl Samasta Finance Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Sakthi Energy Pvt.Ltd by Authorized Signatory Mahendran | Disposed |
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed against the company by Deepak Nitrite Ltd Through Its Employee Mr. Utkarsh Morey | Disposed |
To see the full case history of Servalakshmi Paper 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 Servalakshmi Paper Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Servalakshmi Paper Limited has 1 active EPFO establishment as of Apr 01, 2024.
GST
Servalakshmi Paper 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 Servalakshmi Paper Limited, buy the company report.
Recent activity
Servalakshmi Paper Limited has 31 board changes on record since 2005: 17 appointments and 14 cessations. The latest: Valavanur Subramaniam Pattabiraman ceased to be Director on 08 Mar 2017.
38 earlier events are in the company report.
Frequently asked questions
Servalakshmi Paper 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.
Servalakshmi Paper is a company under liquidation, formerly operating as a public limited company based in Tirunelveli, Tamil Nadu, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 03 November 2005 and is registered under CIN L21012TN2005PLC092783. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Servalakshmi Paper has 3 current directors:
- Yarlagada Shivaramprasad - Managing Director
- Duraisamynaidu Muthusamy - Director
- Rangaswamy Ramswamy - Director
The latest financial statements of Servalakshmi Paper on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Servalakshmi Paper is L21012TN2005PLC092783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Servalakshmi Paper is recorded as a listed company by MCA, but its shares were delisted from NSE on 17 Oct 2019 · winding up and from BSE on 14 Feb 2020 · winding up, and no longer trade on a stock exchange.
Servalakshmi Paper has open charges of ₹323.21 Cr and satisfied charges of ₹10 Cr as per latest MCA filings.
Servalakshmi Paper has 257 court cases on record: 191 filed by the company and 72 filed against it. 12 are pending. Most are in the district courts.
Servalakshmi Paper was incorporated on 03 November 2005. It is registered with the Registrar of Companies, Chennai.
Servalakshmi Paper has 6 deals on record (5 market trades, 1 ipo); the latest was in September 2012.
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