Rac Papers Limited

Rac Papers Limited

Manufacturer of kraft paper, newsprint paper, and duplex board using waste paper and dyes.
1985 | Uttar Pradesh, Uttar Pradesh (India) | Active

Last Updated:

July 16, 2024
HomeCompanyRac Papers Limited

Who are the key members and board of directors at Rac Papers?

Board Members(8)

NameDesignationAppointment DateStatus
Sanjay Mittal In Director 01-May-2003Current
Ajay Mittal In Director 01-May-2003Current
Paritosh Chauhan In Director 05-Dec-2022Current
Akansh Gupta In Director 06-Aug-2022Current
Paritosh Bansal In Director 05-Dec-2022Current
Sunil Gupta In Director 18-Aug-2020Current

Financial Performance and Corporate Structure Insights of Rac Papers.

Rac Papers Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 7.5% decrease. The company also saw a substantial improvement in profitability, with a 70.36% increase in profit. The company's net worth moved up by a moderate rise of 4.69%.

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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-7.50%
Revenue from Operations
-7.63%
Total Assets
0.14%
Profit or Loss
70.36%
Net Worth
4.69%
EBITDA
-4.07%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges Satisfied Charges

₹43.58 Cr

₹26.81 Cr

LenderAmountStatus

Indian Bank

Creation Date: 28 Feb 2024
₹3.90 MOpen

Indian Bank

Creation Date: 18 Jan 2022
₹2.40 CrOpen

Others

Creation Date: 31 Mar 2021
₹3.80 MOpen

How Many Employees Work at Rac Papers?

Rac Papers has a workforce of 133 employees as of Mar 21, 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.

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Latest Updates, News, and FAQs on Rac Papers

Recent activity within the organization

  • Director Appointment

    Naveen Gupta was appointed as a Additional Director was appointed as a Additional Director on 09 Mar 2024 & has been associated with this company since 9 months 13 days .

    09 Mar 2024

  • Charges

    A charge with Indian Bank amounted to Rs. 0.39 Cr with Charge ID 100889471 was registered on 28 Feb 2024.

    28 Feb 2024

  • Charges

    A charge registered on 16 Aug 2023 via Charge ID 100778084 with Indian Bank was fully satisfied on 02 Jan 2024.

    02 Jan 2024

  • Charges

    A charge with Indian Bank of Rs. 37.81 Cr registered on 22 Apr 2008 with Charge ID 10098929 was modified on 11 Dec 2023.

    11 Dec 2023

  • Annual General Meeting

    Rac Papers Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Indian Bank amounted to Rs. 4.00 Cr with Charge ID 100778084 was registered on 16 Aug 2023.

    16 Aug 2023

Frequently asked questions

  • Rac Papers Limited was incorporated on 04 Dec 1985.

  • The authorized share capital of Rac Papers Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.67 Cr.

  • Currently 8 directors are associated with Rac Papers Limited.

    • Sanjay Mittal
    • Ajay Kumar Mittal
    • Paritosh Chauhan
    • Akansh Gupta
    • Paritosh Kumar Bansal
    • Sunil Gupta
    • Naman Mittal
    • Naveen Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Rac Papers Limited is Ganesh Cold Storagecomplex Railway Road Meerut, Uttar Pradesh, India, 250001.

  • The corporate identification number (CIN) of Rac Papers Limited is U21015UP1985PLC007557 and the company number is 007557 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Rac Papers Limited has fallen by -7.50%.

  • As Per 2023 financial reports, 133 employees are currently employed by Rac Papers Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Rac Papers Limited has experienced an upsurge of 4.69%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Rac Papers Limited amount to ₹ 43.58 Cr.

  • The most recent Balance Sheet for Rac Papers Limited was filed with the ROC on 31 Mar 2023.

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