Promoter holding
64.27%
PP
Positive Packaging Industries Limited - Due diligence report
A 360° intelligence report on Positive Packaging: trust score, financial health, credit view, compliance, directors, growth and distress sig…
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Positive Packaging — 360° Intelligence Report
Generated from MCA filings & public records55/100
Trust Score
Moderate
Positive Packaging is assessed as Moderate with a Trust Score of 55/100. Positive Packaging is a public limited foreign company incorporated in india incorporated in 1994, operating in the Packaging sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Positive Packaging Industries Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
55/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
16/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 17 satisfied (576.80 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 3 | 48.0 cr |
| Indian Overseas Bank | 2 | 48.0 cr |
| Standard Chartered Bank | 3 | 48.0 cr |
| Standard Chartered Investments And Loans (India) Limited | 1 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Bank Of India | 2 | 48.0 cr |
Compliance Score: 16/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2016 - filings overdue.
- Litigation present in 2 court forum(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SURESH GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUN KUMAR RAMANLAL GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUKANYA KRIPALU ANAND | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARAG MADHUKAR VYAVAHARE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATRANGAN ARAVAMUDHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRITESH SANJAY SONAWANE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SARVADAMAN KRISHNARAO PALEKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARAG MADHUKAR VYAVAHARE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| THOMAS CHRISTER JOACHIM GEUST | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- PARAG MADHUKAR VYAVAHARE has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2016)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2016 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Huhtamaki Ppl Limited
Subsidiaries
-
Group entities
-
Capital events
17 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Huhtamaki Ppl Limited | Holding Company | 74.00% |
Key managerial personnel: PARAG MADHUKAR VYAVAHARE (CFO) · VENKATRANGAN ARAVAMUDHAN (Managing Director) · PARAG MADHUKAR VYAVAHARE (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 40
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 32+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (16/100).
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence35/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment72/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view74/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events22 Sep 2016
Last AGM held
Annual general meeting
09 Aug 2016
Director appointed
THOMAS CHRISTER JOACHIM GEUST (Director)
31 Mar 2016
Latest balance sheet
Filed with ROC
15 Mar 2016
Director ceased
THOMAS CHRISTER JOACHIM GEUST
01 Mar 2016
Director ceased
VENKATRANGAN ARAVAMUDHAN
14 Sep 2015
Director ceased
SUKANYA KRIPALU ANAND
17 Mar 2015
Director appointed
SUKANYA KRIPALU ANAND (Director)
Director ceased
SURESH GUPTA
Director ceased
ARUN KUMAR RAMANLAL GANDHI
Director ceased
SARVADAMAN KRISHNARAO PALEKAR
20 Feb 2015
Director appointed
PARAG MADHUKAR VYAVAHARE (CFO)
30 Jan 2015
Director appointed
SURESH GUPTA (Director)
Director appointed
ARUN KUMAR RAMANLAL GANDHI (Director)
Director appointed
VENKATRANGAN ARAVAMUDHAN (Managing Director)
Director appointed
SARVADAMAN KRISHNARAO PALEKAR (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); review board churn before relying on management continuity.
All 17 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2016 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 17 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Actiongroup | U27109DL2004PTC127305 | New Delhi, Delhi, India |
| Dinesh Oils Limited | U16142UP1986PLC008189 | Kanpur, Uttar Pradesh, India |
| Sanghavi Exports International Private Limited | U36911MH2007PTC170013 | Mumbai, Maharashtra, India |
| Trinetracement | L99999TN1987PLC082730 | Chennai, Tamil Nadu, India |
| Nakshatra | U01100MH1995PLC095425 | Mumbai, Maharashtra, India |
| Gitanjaligroup | U36910MH2004PLC146406 | Mumbai, Maharashtra, India |
| Firestar Diamond International Private Limited | U51909MH2006PTC164429 | Mumbai, Maharashtra, India |
| Honda Motor India Private Limited | U34102UP2006FTC032370 | Greater Noida, Uttar Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Positive Packaging before audits and certifications: compliance score 16/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Positive Packaging: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Positive Packaging - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 55/100, distress signals and MSME payment-delay disclosures - know whether Positive Packaging pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Positive Packaging - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Positive Packaging an active company?
Positive Packaging has MCA status “Amalgamated” with a compliance score of 16/100 (Caution Indicated).
Is Positive Packaging financially healthy?
Positive Packaging has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Positive Packaging?
Its overall Trust Score is 55/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Positive Packaging?
The ultimate holding entity is Huhtamaki Ppl Limited. 9 active director(s) are on record.
Does Positive Packaging have loans or charges against its assets?
No open charges - all 17 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Positive Packaging up to date with its ROC filings?
Last balance sheet is for Mar 2016 - filings overdue. Overall compliance score: 16/100 (Caution Indicated).
Is it risky to lend to Positive Packaging?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
