Commercial Syn Bags Limited

Manufacturer and supplier of various packaging products for export and domestic markets.

1984 | Indore, Madhya Pradesh (India) | Active
Last Updated:

Commercial Syn Bags Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 39.95 Cr
  • Company Age 40 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 224.04 Cr
  • Satisfied Charges ₹ 99.26 Cr
  • Revenue Growth -9.77%
  • Profit Growth -55.52%
  • Ebitda -32.86%
  • Net Worth 14.07%
  • Total Assets 2.57%

About Commercial Syn Bags

Commercial Syn Bags Limited (CSBL) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 December 1984 and has a history of 40 years and two months. Its registered office is in Indore, Madhya Pradesh, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 539986.

The Corporate was formerly known as Commercial Syn-Bags Private Limited. The Company is engaged in the Packaging Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 40.00 Cr and a paid-up capital of Rs 39.95 Cr.

The company currently has active open charges totaling ₹224.04 Cr. The company has closed loans amounting to ₹99.26 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Commercial Syn Bags Limited India are Ravindra Choudhary as Ceo, Abhishek Jain as Cfo, and Pooja Choukse as Company Secretary. Anil Choudhary, Milind Mahajan, Hitesh Mehta, and Three other members serve as directors at the Company.

Company Details

  • Location

    Indore, Madhya Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    comsyn.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L25202MP1984PLC002669

  • Company No.

    002669

  • Stock Symbol

    BSE : 539986

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    10 Dec 1984

  • Date of AGM

    20 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Gwalior

Industry

Packaging

What products or services does Commercial Syn Bags Limited offer?

Commercial Syn Bags Limited offers a wide range of products and services, including Bulk Bags & Sacks, Agricultural Bags, Jumbo Bags, FIBC Bags, PVC, FRP, HDPE & Other Plastic Pipes, Agricultural Pipes, Packaging, Laminated & Zip Bags, BOPP Bags, Commercial Vehicle Spare Parts, Truck Accessories.

Who are the key members and board of directors at Commercial Syn Bags?

Executive Team (4)

NameDesignationAppointment DateStatus
Anil Choudhary Country flag representing In Managing Director20-Feb-2008Current
Ravindra Choudhary Country flag representing In CEO12-May-2016Current
Abhishek Jain Country flag representing In CFO12-May-2016Current
Pooja Choukse Company Secretary07-Mar-2023Current

Board Members (5)

NameDesignationAppointment DateStatus
Vijay Bansal Country flag representing In Director 14-Feb-2021Current
Milind Mahajan Country flag representing In Director 10-May-2017Current
Hitesh Mehta Country flag representing In Director 20-Jun-2015Current
Ranjana Choudhary Country flag representing In Whole-Time Director 05-Jun-2011Current
Virendra Pamecha Country flag representing In Whole-Time Director 26-Mar-2016Current

Financial Performance of Commercial Syn Bags.

Commercial Syn Bags Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.77% decrease. The company also saw a substantial fall in profitability, with a 55.52% decrease in profit. The company's net worth Soared by an impressive increase of 14.07%.

Commercial Syn Bags revenue growth over time
Commercial Syn Bags profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-9.77%
Revenue from Operations
-9.36%
Total Assets
2.57%
Profit or Loss
-55.52%
Net Worth
14.07%
EBITDA
-32.86%

What is the Ownership and Shareholding Structure of Commercial Syn Bags?

In 2023, Commercial Syn Bags had a promoter holding of 58.66% and a public holding of 41.35%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹224.04 Cr

Satisfied Charges

₹99.26 Cr

Charges Breakdown by Lending Institutions

  • Others : 173.80 Cr
  • Hdfc Bank Limited : 25.97 Cr
  • State Bank Of India : 24.27 Cr

Latest Charge Details

DateLenderAmountStatus
21 Oct 2022Hdfc Bank Limited₹3.50 MOpen
27 May 2022Others₹2.00 MOpen
05 Oct 2021Others₹2.70 MOpen
29 Sep 2021Others₹0.54 MOpen
25 Aug 2021State Bank Of India₹0.02 MOpen

How Many Employees Work at Commercial Syn Bags?

Commercial Syn Bags has a workforce of 1653 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Commercial Syn Bags Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Commercial Syn Bags, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Commercial Syn Bags's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Commercial Syn Bags

Recent activity within the organization

  • Charges

    A charge registered on 09 Oct 2020 via Charge ID 100398769 with Others was fully satisfied on 14 Nov 2023.

  • Annual General Meeting

    Commercial Syn Bags Limited last Annual general meeting of members was held on 20 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Others of Rs. 162.25 Cr registered on 18 Oct 2018 with Charge ID 100220394 was modified on 07 Jun 2023.

  • Balance Sheet

    Commercial Syn Bags Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 100644282 was registered on 21 Oct 2022.

  • Charges

    A charge registered on 30 Jul 2019 via Charge ID 100278851 with Axis Bank Limited was fully satisfied on 12 Jul 2022.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Commercial Syn Bags Limited?

    Commercial Syn Bags Limited was incorporated on 10 Dec 1984.

  • What is authorized share capital and paid-up capital of Commercial Syn Bags Limited?

    The authorized share capital of Commercial Syn Bags Limited is ₹ 40.00 Cr and paid-up capital is ₹ 39.95 Cr.

  • Who are the current board members & directors of Commercial Syn Bags Limited?

    Currently 9 directors are associated with Commercial Syn Bags Limited.

    • Anil Choudhary
    • Milind Mahajan
    • Hitesh Mehta
    • Ranjana Choudhary
    • Virendra Singh Pamecha
    • Vijay Kumar Bansal
    • Ravindra Kumar Choudhary
    • Abhishek Kumar Jain
    • Pooja Choukse

  • What is the registered address of Commercial Syn Bags Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Commercial Syn Bags Limited is Commercial House 3-4 Jaora Compound, M.Y.H. Road, Indore, Madhya Pradesh, India, 452001.

  • What is the corporate identification number (CIN) and company number of Commercial Syn Bags Limited?

    The corporate identification number (CIN) of Commercial Syn Bags Limited is L25202MP1984PLC002669 and the company number is 002669 as per Ministry of Corporate Affairs (MCA).

  • Is Commercial Syn Bags Limited registered with any stock exchange in India?

    Yes, Commercial Syn Bags Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Commercial Syn Bags Limited?

    The Official website of Commercial Syn Bags Limited is https://www.comsyn.com

  • What has been the recent revenue trend for Commercial Syn Bags Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Commercial Syn Bags Limited has fallen by -9.77%.

  • How many employees does Commercial Syn Bags Limited currently have?

    As Per 2023 financial reports, 1653 employees are currently employed by Commercial Syn Bags Limited.

  • What change has been observed in the net worth of Commercial Syn Bags Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Commercial Syn Bags Limited has experienced an upsurge of 14.07%.

  • What are the total open charges for Commercial Syn Bags Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Commercial Syn Bags Limited amount to ₹ 224.04 Cr.

  • When was the last Balance Sheet of Commercial Syn Bags Limited filed with the ROC?

    The most recent Balance Sheet for Commercial Syn Bags Limited was filed with the ROC on 31 Mar 2023.

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