About Shreenidhi Papers Private Limited
Data last updated:
Shreenidhi Papers Private Limited is a private limited company based in Dandeli, Karnataka, 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 and packaging products segment of the manufacturing sector. It was incorporated on 15 November 2001.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U21099KA2001PTC029766. Its GSTIN is 29AAGCS2606B1ZO (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Chikkayya Prasadayyagol and Syam Prabhad Thekkuveetil T P (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Block No. 11 Kerwad Village Haliyal Taluk, Dandeli, Karnataka, India – 581325.
As per the financials filed for FY 2021, the company reported a revenue of ₹3 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹2.28 Cr and EBITDA of -₹1.4 Cr. Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 75% over five years.
The company has about 82 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.5 Cr and satisfied charges of ₹12.05 Cr on record. Court records list 9 cases involving the company, including 4 filed by the company and 5 filed against it.
The last known website on record is shreyaspapers.com.
Company details
Contact details
Shreenidhi Papers Private Limited's registered office is in Dandeli, Karnataka. Its website is shreyaspapers.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressBlock No. 11 Kerwad Village Haliyal Taluk, Dandeli, Karnataka, India – 581325
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Shreenidhi Papers 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 Shreenidhi Papers 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 Shreenidhi Papers Private Limited, buy the company report.
Financials of Shreenidhi Papers Private Limited
FY 2021 filings availableShreenidhi Papers Private Limited reported revenue of ₹3 Lakh (down 99% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 75% over five years, including a 99% fall in the latest year. EBITDA rose 46% 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
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| EBITDA | -₹1.4 Cr | ||||
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| Net Profit (PAT) | -₹2.28 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Shreenidhi Papers Private Limited, buy the company report.
Board of directors of Shreenidhi Papers Private Limited
Shreenidhi Papers has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Timmanna Soraganvi | Additional Director | 02 Feb 2022 | 4 Years 8 Months | As last reported |
| Chikkayya Prasadayyagol | Director | 19 Nov 2020 | 5 Years 11 Months | As last reported |
| Syam Prabhad Thekkuveetil T P | Irp/Rp/Liquidator | 19 Mar 2024 | 2 Years 7 Months | As last reported |
| Abdulrehaman Abdulkhadar Bagawan | Additional Director | 21 Sep 2022 | 4 Years 1 Months | As last reported |
Auditor
Shreenidhi Papers Private Limited is audited by ANAND AMARNATH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANAND AMARNATH & ASSOCIATES | FY 2020 | 000121S |
Shareholding
The shareholding of Shreenidhi Papers Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Shreenidhi Papers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2019 | 100305482 | Others | ₹3.5 Cr | Open | |
| 21 Jul 2017 | 100118489 | Others | ₹1.5 Cr | Satisfied | |
| 07 Apr 2014 | 10501113 | The Sirsi Urban Sahakari Bankltd | ₹1.5 Cr | Satisfied | |
| 28 Mar 2014 | 10501108 | The Sirsi Urban Sahakari Bankltd | ₹2 Cr | Satisfied | |
| 06 Feb 2012 | 10344747 | The Sirsi Urban Sahakari Bankltd | ₹1.15 Cr | Satisfied |
To see the full charge records of Shreenidhi Papers Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Shreenidhi Papers Private Limited has 9 court cases on record: 4 filed by Shreenidhi Papers, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 4 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Paper Packaging Pvt Ltd | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed against the company by M/S. Sunara Paper Agencies, R/By Its Proprietor Sri. Sharad S. Rajpurohit | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed against the company by M/S. Sunara Paper Agencies, | Disposed |
| District court, UTTARA KANNADA, Karnataka | Court case (Com.Ex) | Filed against the company by M/S. Industrial Protection Force, Rep. by. Its Chief Executive Mustaq Rehaman Daragad. | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Shreenidhi Papers 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 Shreenidhi Papers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shreenidhi Papers Private Limited has a workforce of 82 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Shreenidhi Papers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCS2606B1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shreenidhi Papers Private Limited, buy the company report.
Recent activity
Shreenidhi Papers Private Limited has 8 board changes on record since 2020: 4 appointments and 4 cessations. The latest: Syam Prabhad Thekkuveetil T P was appointed as Irp/Rp/Liquidator on 19 Mar 2024.
21 earlier events are in the company report.
Frequently asked questions
Shreenidhi Papers 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.
Shreenidhi Papers is a company under insolvency, formerly operating as a private limited company based in Dandeli, Karnataka, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 15 November 2001 and is registered under CIN U21099KA2001PTC029766. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shreenidhi Papers has 4 current directors:
- Timmanna Soraganvi - Additional Director
- Chikkayya Prasadayyagol - Director
- Abdulrehaman Abdulkhadar Bagawan - Additional Director
- Syam Prabhad Thekkuveetil T P - Irp/Rp/Liquidator
The latest financial statements of Shreenidhi Papers on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shreenidhi Papers is U21099KA2001PTC029766. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shreenidhi Papers has open charges of ₹3.5 Cr and satisfied charges of ₹12.05 Cr as per latest MCA filings.
Shreenidhi Papers has 9 court cases on record: 4 filed by the company and 5 filed against it. Most are in the district courts.
Shreenidhi Papers was incorporated on 15 November 2001. It is registered with the Registrar of Companies, Bangalore.
Syam Prabhad Thekkuveetil T P was appointed as Irp/Rp/Liquidator on 19 Mar 2024. Abdulrehaman Abdulkhadar Bagawan was appointed as Additional Director on 21 Sep 2022. Rudrapathi Raju Rajesh ceased to be Additional Director on 24 Mar 2022. Shreenidhi Papers has 8 board changes on record in total.
Shreenidhi Papers can be reached through the website shreyaspapers.com. Its registered office is in Dandeli, Karnataka, India.