Panacea Wealth Private Limited
About Panacea Wealth Private Limited
Data last updated:
Panacea Wealth Private Limited was a private limited company based in Faridabad, Haryana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 12 October 2015.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74140HR2015PTC056941. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Mohd Sabir and Naveen Verma.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at H.No. 448 Parvatiya Colony Sector 22, Faridabad, Haryana, India – 121005.
As per the financials filed for FY 2017, the company reported a revenue of ₹13.84 Cr. For the same year it recorded a net profit of ₹57,850 (net margin 0%) and EBITDA of ₹72,260 (EBITDA margin 0.1%).
Company details
Contact details
Panacea Wealth Private Limited's registered office is in Faridabad, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No. 448 Parvatiya Colony Sector 22, Faridabad, Haryana, India – 121005
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Panacea Wealth 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 Panacea Wealth is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Panacea Wealth Private Limited, buy the company report.
Financials of Panacea Wealth Private Limited
FY 2017 filings availablePanacea Wealth Private Limited reported revenue of ₹13.84 Cr for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹13.84 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹72,260 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹57,850 | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.1% | |
| Net Profit Margin | 0% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Panacea Wealth Private Limited, buy the company report.
Board of directors of Panacea Wealth Private Limited
Panacea Wealth has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohd Sabir | Director | 12 Oct 2015 | 11 Years 0 Months | As last reported |
| Naveen Verma | Director | 12 Oct 2015 | 11 Years 0 Months | As last reported |
Auditor
Panacea Wealth Private Limited is audited by SANJAY SODANI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY SODANI & CO | FY 2017 | 004361C |
Shareholding
The shareholding of Panacea Wealth Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Panacea Wealth Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Panacea Wealth Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Panacea Wealth Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panacea Wealth has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Panacea Wealth Private Limited, buy the company report.
Recent activity
Panacea Wealth Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Raj Rajput ceased to be Additional Director on 08 Jan 2019.
Frequently asked questions
Panacea Wealth has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Panacea Wealth was a private limited company based in Faridabad, Haryana, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 12 October 2015 and is registered under CIN U74140HR2015PTC056941. The company has been struck off by the Registrar of Companies and is no longer operational.
Panacea Wealth had 2 directors:
- Mohd Sabir - Director
- Naveen Verma - Director
The CIN (Corporate Identification Number) of Panacea Wealth is U74140HR2015PTC056941. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Panacea Wealth is at H.No. 448 Parvatiya Colony Sector 22, Faridabad, Haryana, India – 121005.
Panacea Wealth was incorporated on 12 October 2015. It is registered with the Registrar of Companies, Delhi.
The latest financial statements of Panacea Wealth on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from FY 2016 are in the company report.
No. Panacea Wealth has 2 GST registrations on record and all of them are cancelled or inactive.
Panacea Wealth operated in the financial services industry, in the brokerage and trading services segment. It worked in this industry before it was struck off.
Raj Rajput ceased to be Additional Director on 08 Jan 2019. Mohd Sabir was appointed as Director on 12 Oct 2015. Naveen Verma was appointed as Director on 12 Oct 2015.