About Panoramic Holidays Limited
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Panoramic Holidays Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Panoramic Universal Limited. 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 timeshare and vacation ownership segment of the travel and hospitality sector. It was incorporated on 12 December 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2006PLC166115. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Highland Mega Projects Limited and Ambitious Infrastructure Private Limited. It was led by directors including Viidyaa Sudhir Moravekar and Arun Bhagwan Tari.
Its last annual general meeting (AGM) was held on 27 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Aman Chambers 4th Floor Opp. New Passport Office Veer Savarkar Road Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2017, the company reported a revenue of ₹23.15 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹6.17 Cr (net margin -26.7%) and EBITDA of -₹5.26 Cr (EBITDA margin -22.7%).
The company had about 11 employees on its provident fund (EPFO) records before it was struck off.
The company was associated with 1 brand: Magic Holidays. Court records list 16 cases involving the company, including 4 filed by the company and 12 filed against it; 6 cases are pending.
The last known website on record is magicholidays.info.
Company details
Name history
Panoramic Holidays has undergone 3 name changes throughout its history. The company was previously known as Highland Mega Projects Limited, Ambitious Infrastructure Private Limited, and Ambitious Infrastructure Limited. The current legal name is Panoramic Holidays Limited.
| Company Name | Status |
|---|---|
| Panoramic Holidays Limited | Current |
| Highland Mega Projects Limited | Previous |
| Ambitious Infrastructure Private Limited | Previous |
| Ambitious Infrastructure Limited | Previous |
CIN history
Panoramic Holidays has one previous CIN (Corporate Identification Number): U45201MH2006PTC166115. The current CIN is U45201MH2006PLC166115, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201MH2006PLC166115 | Current |
| U45201MH2006PTC166115 | Previous |
Contact details
Panoramic Holidays Limited's registered office is in Mumbai, Maharashtra. Its website is magicholidays.info. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAman Chambers 4th Floor Opp. New Passport Office Veer Savarkar Road Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryTravel and Hospitality, Timeshare & Vacation Ownership
To see the full contact details of Panoramic Holidays 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
Brands
Panoramic Holidays operates one associated brand: Magic Holidays. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of vacation ownership memberships offering flexible payment and usage plans | magicholidays.info |
Business activity
The main business activity of Panoramic Holidays is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Panoramic Holidays Limited, buy the company report.
Financials of Panoramic Holidays Limited
FY 2017 filings availablePanoramic Holidays Limited reported revenue of ₹23.15 Cr (up 25% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 25% in the latest year. EBITDA rose 60% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹23.15 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹5.26 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6.17 Cr | ||
| 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 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -22.7% | ||
| Net Profit Margin | -26.7% | ||
| 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 Panoramic Holidays Limited, buy the company report.
Board of directors of Panoramic Holidays Limited
Panoramic Holidays has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viidyaa Sudhir Moravekar Also directs: Panoramic Realestate Consultants LLP, Panoramic Tour and Travels Limited, Panoramic Hotels Limited and 2 more | Director | 24 Jan 2007 | 19 Years 9 Months | As last reported |
| Arun Bhagwan Tari | Director | 10 Mar 2014 | 12 Years 8 Months | As last reported |
| Dnyanaraj Sudhir Moravekar Also directs: Sri Vatsa Hotels Limited, Panoramic Universal Limited | Director Appointed In Casual Vacancy | 14 Nov 2016 | 9 Years 11 Months | As last reported |
Peer comparison
Panoramic Holidays Limited is compared with the 4 companies closest to it by revenue in the Consumer Services industry (Timeshares), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rci India Private Limited | ₹39.39 Cr (FY 2024) | 1.0% | Bangalore, Karnataka, India | |||
| Regal Vacation Concepts Private Limited | ₹35.16 Cr (FY 2016) | -18.0% | Goa, India | |||
| Panoramic Holidays Limitedthis company | ₹23.15 Cr (FY 2017) | -₹6.17 Cr | -26.7% | 25.0% | 11 | Mumbai, Maharashtra, India |
| Brevistay Hospitality Private Limited | ₹12.25 Cr (FY 2025) | 39.0% | New Delhi, Delhi, India | |||
| SS Inn Private Limited | ₹10.26 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Panoramic Holidays Limited, buy the company report.
Auditor
Panoramic Holidays Limited is audited by H H TOPIWALA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H H TOPIWALA & CO | FY 2017 | 111022W |
Shareholding
The shareholding of Panoramic Holidays 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 Panoramic Holidays Limited, buy the company report.
Legal cases
Panoramic Holidays Limited has 16 court cases on record: 4 filed by Panoramic Holidays, 12 filed against it. 6 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 11 | 6 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Miaect Pvt Ltd | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Miaect Pvt. Ltd. THR. Laxmikant Narkar | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Ruptub Solutions Private Limited | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Pending |
To see the full case history of Panoramic Holidays 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 Panoramic Holidays Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Panoramic Holidays Limited has a workforce of 11 employees on its EPFO records as of Jul 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 11 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Panoramic Holidays Limited, buy the company report.
GST
Panoramic Holidays has 10 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 Panoramic Holidays Limited, buy the company report.
Recent activity
Panoramic Holidays Limited has 8 board changes on record since 2007: 3 appointments and 5 cessations. The latest: Viidyaa Sudhir Moravekar ceased to be Director on 20 Mar 2019.
Frequently asked questions
Panoramic Holidays 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.
Panoramic Holidays was a public limited company based in Mumbai, Maharashtra, India. The company worked in timeshare and vacation ownership, within the travel and hospitality industry. It was incorporated on 12 December 2006 and is registered under CIN U45201MH2006PLC166115. The company has been struck off by the Registrar of Companies and is no longer operational.
Panoramic Holidays had 3 directors:
- Viidyaa Sudhir Moravekar - Director
- Arun Bhagwan Tari - Director
- Dnyanaraj Sudhir Moravekar - Director Appointed In Casual Vacancy
The CIN (Corporate Identification Number) of Panoramic Holidays is U45201MH2006PLC166115. 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 Panoramic Holidays is at Aman Chambers 4th Floor Opp. New Passport Office Veer Savarkar Road Prabhadevi, Mumbai, Maharashtra, India – 400025.
Panoramic Holidays was incorporated on 12 December 2006. It is registered with the Registrar of Companies, Mumbai.
Panoramic Holidays can be reached through the website magicholidays.info. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Panoramic Holidays on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 September 2017. Year-wise statements from 2015 are in the company report.
No. Panoramic Holidays has 10 GST registrations on record and all of them are cancelled or inactive.
Panoramic Holidays operated in the travel and hospitality industry, in the timeshare and vacation ownership segment. It worked in this industry before it was struck off.
The peers of Panoramic Holidays by revenue are Rci India Private Limited, Regal Vacation Concepts Private Limited, Brevistay Hospitality Private Limited, SS Inn Private Limited, all in the Consumer Services industry (Timeshares), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
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