About Shreyas Papers Private Limited
Data last updated:
Shreyas 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 14 July 1992.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02101KA1992PTC013345. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Timmanna Soraganvi (Managing Director) 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 ₹2.48 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹1.77 Cr (net margin -71.3%) and EBITDA of -₹2.29 Cr (EBITDA margin -92.3%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 36% over five years.
The company has about 107 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8 Cr and satisfied charges of ₹12.45 Cr on record. Court records list 26 cases involving the company, including 11 filed by the company and 15 filed against it; 1 case is pending.
The last known website on record is shreyaspapers.com.
Company details
Contact details
Shreyas Papers Private Limited's registered office is in Dandeli, Karnataka. Its website is shreyaspapers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock No. 11 Kerwad Village Haliyal Taluk, Dandeli, Karnataka, India – 581325
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Shreyas 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 Shreyas 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 Shreyas Papers Private Limited, buy the company report.
Financials of Shreyas Papers Private Limited
FY 2021 filings availableShreyas Papers Private Limited reported revenue of ₹2.48 Cr (down 69% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 69% fall in the latest year. EBITDA fell 509% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹2.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.77 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -92.3% | ||||
| Net Profit Margin | -71.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Shreyas Papers Private Limited, buy the company report.
Board of directors of Shreyas Papers Private Limited
Shreyas Papers has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Timmanna Soraganvi | Managing Director | 19 Nov 2020 | 5 Years 11 Months | As last reported |
| Syam Prabhad Thekkuveetil T P | Irp/Rp/Liquidator | 26 Jun 2024 | 2 Years 3 Months | As last reported |
| Abdulrehaman Abdulkhadar Bagawan | Additional Director | 21 Sep 2022 | 4 Years 1 Months | As last reported |
| Shridevi Timmanna Soraganvi | Additional Director | 09 Dec 2021 | 4 Years 10 Months | As last reported |
Peer comparison
Shreyas Papers Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Paper), 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 |
|---|---|---|---|---|---|---|
| Jayjs Paper Recycling Private Limited | ₹2.57 Cr (FY 2025) | 50.0% | Mysore, Karnataka, India | |||
| Brahmaputra Paper Private Limited | ₹2.51 Cr (FY 2020) | -53.0% | Tezpur, Assam, India | |||
| Shreyas Papers Private Limitedthis company | ₹2.48 Cr (FY 2021) | -₹1.77 Cr | -71.3% | -69.0% | 107 | Dandeli, Karnataka, India |
| Aadinath Paper Tech Private Limited | ₹2.48 Cr (FY 2021) | 734.0% | Surat, Gujarat, India | |||
| Pac Mate Paper Products Private Limited | ₹2.46 Cr (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Guru Teg Enterprises Private Limited | ₹2.46 Cr (FY 2024) | 16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Shreyas Papers Private Limited, buy the company report.
Auditor
Shreyas Papers Private Limited is audited by ANAND AMARNATH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANAND AMARNATH & ASSOCIATES | FY 2021 | 000121S |
Shareholding
The shareholding of Shreyas Papers Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shreyas Papers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2021 | 100499941 | Others | ₹8 Cr | Open | |
| 16 Aug 2016 | 100053865 | Others | ₹1.5 Cr | Satisfied | |
| 31 Mar 2015 | 10565668 | Others | ₹1.8 Cr | Satisfied | |
| 10 Oct 2014 | 10528744 | The Sirsi Urban Sahakari Bank Limited | ₹1 Cr | Satisfied | |
| 09 Mar 2012 | 10344748 | The Sirsi Sahakari Bank Limited | ₹1.3 Cr | Satisfied |
To see the full charge records of Shreyas Papers Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Shreyas Papers Private Limited has 26 court cases on record: 11 filed by Shreyas Papers, 15 filed against it. 1 case is pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 12 | 1 |
| High courts | 4 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Paper Packaging Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Registrar of Companies, Karnataka Bengaluru. | Pending |
| District court, DHARWAD, Karnataka | Appeal | Filed by the company against M/S Sunara Paper Agencies R/By Its Proprietor Sharad S Rajapurohi | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Registrar of Companies, Karnataka Bengaluru. | Disposed |
| High Court, KARNATAKA | Court case (CRL.P) | Filed by the company against M/S Sunara Paper Agencies | Disposed |
To see the full case history of Shreyas 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 Shreyas Papers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shreyas Papers Private Limited has a workforce of 107 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Shreyas Papers 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 Shreyas Papers Private Limited, buy the company report.
Recent activity
Shreyas Papers Private Limited has 9 board changes on record since 2018: 4 appointments and 5 cessations. The latest: Syam Prabhad Thekkuveetil T P was appointed as Irp/Rp/Liquidator on 26 Jun 2024.
23 earlier events are in the company report.
Frequently asked questions
Shreyas 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.
Shreyas 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 14 July 1992 and is registered under CIN U02101KA1992PTC013345. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shreyas Papers has 4 current directors:
- Timmanna Soraganvi - Managing Director
- Abdulrehaman Abdulkhadar Bagawan - Additional Director
- Shridevi Timmanna Soraganvi - Additional Director
- Syam Prabhad Thekkuveetil T P - Irp/Rp/Liquidator
The latest financial statements of Shreyas 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 Shreyas Papers is U02101KA1992PTC013345. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shreyas Papers has open charges of ₹8 Cr and satisfied charges of ₹12.45 Cr as per latest MCA filings.
Shreyas Papers has 26 court cases on record: 11 filed by the company and 15 filed against it. 1 is pending. Most are in the district courts.
Shreyas Papers was incorporated on 14 July 1992. It is registered with the Registrar of Companies, Bangalore.
The peers of Shreyas Papers by revenue are Jayjs Paper Recycling Private Limited, Brahmaputra Paper Private Limited, Aadinath Paper Tech Private Limited, Pac Mate Paper Products Private Limited, Guru Teg Enterprises Private Limited, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Syam Prabhad Thekkuveetil T P was appointed as Irp/Rp/Liquidator on 26 Jun 2024. Abdulrehaman Abdulkhadar Bagawan was appointed as Additional Director on 21 Sep 2022. Chikkayya Prasadayyagol ceased to be Additional Director on 24 Mar 2022. Shreyas Papers has 9 board changes on record in total.
Shreyas Papers can be reached through the website shreyaspapers.com. Its registered office is in Dandeli, Karnataka, India.