Shivani Flexipack Limited
About Shivani Flexipack Limited
Data last updated:
Shivani Flexipack Limited is a public limited company based in Sangli, Maharashtra, 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 laminated and corrugated packaging segment of the packaging sector. It was incorporated on 29 December 1998.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74950PN1998PLC013193. Its GSTIN is 27AAECS4032M1Z7 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.95 Cr. It was formerly known as Saavi Packers and Printers Private Limited and Shivani Flexipack Private Limited. It is led by directors including Shankar Namdeo Kashid (Managing Director) and Makarand Ashok Pandit.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 26 Piyu Shantibanneminathnagar India, Sangli, Maharashtra, India – 416416.
As per the financials filed for FY 2022, the company reported a revenue of ₹75.95 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹12.5 Cr (net margin -16.5%) and EBITDA of -₹11.31 Cr (EBITDA margin -14.9%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 156% over five years.
As per MCA filings, the company has open charges of ₹47.58 Cr on record. Court records list 80 cases involving the company, including 19 filed by the company and 61 filed against it; 19 cases are pending.
Company details
Name history
Shivani Flexipack has undergone 2 name changes throughout its history. The company was previously known as Saavi Packers And Printers Private Limited, and Shivani Flexipack Private Limited. The current legal name is Shivani Flexipack Limited.
| Company Name | Status |
|---|---|
| Shivani Flexipack Limited | Current |
| Saavi Packers And Printers Private Limited | Previous |
| Shivani Flexipack Private Limited | Previous |
CIN history
Shivani Flexipack has one previous CIN (Corporate Identification Number): U74950PN1998PTC013193. The current CIN is U74950PN1998PLC013193, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74950PN1998PLC013193 | Current |
| U74950PN1998PTC013193 | Previous |
Contact details
Shivani Flexipack Limited's registered office is in Sangli, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address26 Piyu Shantibanneminathnagar India, Sangli, Maharashtra, India – 416416
- IndustryPackaging, Laminated & Corrugated Packaging, Packaging Films & Foils, Paper
To see the full contact details of Shivani Flexipack 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 Shivani Flexipack 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 Shivani Flexipack Limited, buy the company report.
Financials of Shivani Flexipack Limited
FY 2022 filings availableShivani Flexipack Limited reported revenue of ₹75.95 Cr (up 41% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 156% over five years, including 41% growth 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹75.95 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹11.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.5 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.9% | ||||
| Net Profit Margin | -16.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Shivani Flexipack Limited, buy the company report.
Board of directors of Shivani Flexipack Limited
Shivani Flexipack has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Makarand Ashok Pandit | Director | 31 Mar 2007 | 19 Years 6 Months | As last reported |
| Shankar Namdeo Kashid | Managing Director | 06 Sep 1999 | 27 Years 1 Months | As last reported |
| Kurush Jimmy Billimoria | Director | 01 Apr 2022 | 4 Years 6 Months | As last reported |
Peer comparison
Shivani Flexipack Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Films and Foils, 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 |
|---|---|---|---|---|---|---|
| Detpak India Private Limited | ₹76.5 Cr (FY 2023) | -6.0% | Vasai, Maharashtra, India | |||
| Padmaja Packaging Industries Ltd | ₹75.98 Cr (FY 2024) | 99.0% | Kolhapur, Maharashtra, India | |||
| Shivani Flexipack Limitedthis company | ₹75.95 Cr (FY 2022) | -₹12.5 Cr | -16.5% | 41.0% | Sangli, Maharashtra, India | |
| Vettiyil Packaging Private Limited | ₹75.92 Cr (FY 2025) | 4.0% | Bangalore, Karnataka, India | |||
| Twilight Craft Paper Private Limited | ₹75.8 Cr (FY 2025) | 558.0% | Mehsana, Gujarat, India | |||
| Lipi International Private Limited | ₹75.74 Cr (FY 2025) | 23.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Shivani Flexipack Limited, buy the company report.
Auditor
Shivani Flexipack Limited is audited by SHUKLA RAHUL MAHENDRAKUMAR for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHUKLA RAHUL MAHENDRAKUMAR | FY 2022 | 113121W |
Shareholding
The shareholding of Shivani Flexipack Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shivani Flexipack Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2012 | 10333123 | Intec Capital Limited | ₹1.66 Cr | Open | |
| 21 Dec 2011 | 10329126 | The Karur Vysya Bank Limited | ₹15 Cr | Open | |
| 30 Sep 2009 | 10222876 | Reliance Capital Ltd | ₹70 Lakh | Open | |
| 12 Sep 2006 | 10022422 | State Bank of India | ₹30.22 Cr | Open |
To see the full charge records of Shivani Flexipack Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Shivani Flexipack Limited has 80 court cases on record: 19 filed by Shivani Flexipack, 61 filed against it. 19 cases are pending and 61 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 54 | 44 | 15 |
| High courts | 21 | 12 | 4 |
| NCLAT | 5 | 5 | 0 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Revision petition | Filed against the company by Intec Capital Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against M/S.Polygraph Printing Technologies Limited and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S.Polygraph Printing Technologies Limited and 1 other | Pending |
| Bombay High Court | Court case (NMCD) | Filed by the company against Polygraph Printing Technologies Limited and Anr and 1 other | Pending |
| District court, Sangli, Maharashtra | Arbitration matter | Filed against the company by H.D.F.C. Bank Ltd. Through Sunil Lad | Pending |
To see the full case history of Shivani Flexipack 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 Shivani Flexipack Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shivani Flexipack has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS4032M1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shivani Flexipack Limited, buy the company report.
Recent activity
Shivani Flexipack Limited has 8 board changes on record since 1999: 3 appointments and 5 cessations. The latest: Kurush Jimmy Billimoria was appointed as Director on 01 Apr 2022.
5 earlier events are in the company report.
Frequently asked questions
Shivani Flexipack 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.
Shivani Flexipack is a company under insolvency, formerly operating as a public limited company based in Sangli, Maharashtra, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 29 December 1998 and is registered under CIN U74950PN1998PLC013193. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shivani Flexipack has 3 current directors:
- Shankar Namdeo Kashid - Managing Director
- Makarand Ashok Pandit - Director
- Kurush Jimmy Billimoria - Director
The latest financial statements of Shivani Flexipack on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shivani Flexipack is U74950PN1998PLC013193. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shivani Flexipack has open charges of ₹47.58 Cr and no satisfied charges on record as per latest MCA filings.
Shivani Flexipack has 80 court cases on record: 19 filed by the company and 61 filed against it. 19 are pending. Most are in the district courts.
Shivani Flexipack was incorporated on 29 December 1998. It is registered with the Registrar of Companies, Pune.
The peers of Shivani Flexipack by revenue are Detpak India Private Limited, Padmaja Packaging Industries Ltd, Vettiyil Packaging Private Limited, Twilight Craft Paper Private Limited, Lipi International Private Limited, all in the Packaging industry (Films and Foils, Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Kurush Jimmy Billimoria was appointed as Director on 01 Apr 2022. Saurabh Mantri ceased to be Company Secretary on 01 Dec 2020. Sharmila Shankar Kashid ceased to be Director on 01 Jun 2018. Shivani Flexipack has 8 board changes on record in total.
The registered office of Shivani Flexipack is at 26 Piyu Shantibanneminathnagar India, Sangli, Maharashtra, India – 416416.