Paras Comotrade Private Limited
About Paras Comotrade Private Limited
Data last updated:
Paras Comotrade Private Limited was a private limited company based in Kanpur, Uttar Pradesh, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 08 May 1995.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U17119UP1995PTC018018.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹8.5 Lakh. It was led by directors Jitesh Shah and Neha Shah.
Its last annual general meeting (AGM) was held on 30 April 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Office No. 18 Ist Floor 54/1 Pipal Wali Kothi Nayaganj, Kanpur, Uttar Pradesh, India – 208001.
As per the financials filed for FY 2019, the company reported a revenue of ₹52.63 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹23.85 Lakh (net margin 45.3%) and EBITDA of ₹29.95 Lakh (EBITDA margin 56.9%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years.
Court records list 6 cases involving the company, including 6 filed by the company; 6 cases are pending.
Company details
Contact details
Paras Comotrade Private Limited's registered office is in Kanpur, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No. 18 Ist Floor 54/1 Pipal Wali Kothi Nayaganj, Kanpur, Uttar Pradesh, India – 208001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Paras Comotrade 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 Paras Comotrade is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Paras Comotrade Private Limited, buy the company report.
Financials of Paras Comotrade Private Limited
FY 2019 filings availableParas Comotrade Private Limited reported revenue of ₹52.63 Lakh (up 87622% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 47% over three years. EBITDA rose 199% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹29.95 Lakh | ||||
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| Net Profit (PAT) | ₹23.85 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.9% | ||||
| Net Profit Margin | 45.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Paras Comotrade Private Limited, buy the company report.
Board of directors of Paras Comotrade Private Limited
Paras Comotrade has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitesh Shah Also directs: N. R. Agencies Private Limited | Director | 20 Mar 2019 | 7 Years 7 Months | As last reported |
| Neha Shah Also directs: N. R. Agencies Private Limited | Director | 20 Mar 2019 | 7 Years 7 Months | As last reported |
Peer comparison
Paras Comotrade Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aakar Credit Private Limited | ₹52.92 Lakh (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| Banphool Sale Private Limited | ₹52.91 Lakh (FY 2017) | -79.0% | Kolkata, West Bengal, India | |||
| Agni Business & Management Services Private Limited | ₹52.89 Lakh (FY 2024) | -73.0% | Chennai, Tamil Nadu, India | |||
| Paras Comotrade Private Limitedthis company | ₹52.63 Lakh (FY 2019) | ₹23.85 Lakh | 45.3% | 87622.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Paras Comotrade Private Limited, buy the company report.
Auditor
Paras Comotrade Private Limited is audited by MANU AGRAWAL & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANU AGRAWAL & CO. | FY 2017 | 077824 |
Shareholding
The shareholding of Paras Comotrade 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 Paras Comotrade Private Limited, buy the company report.
Legal cases
Paras Comotrade Private Limited has 6 court cases on record: 6 filed by Paras Comotrade. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 6 |
Cases on record (1 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kanpur Nagar, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against an individual | Pending |
To see the full case history of Paras Comotrade Private 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 Paras Comotrade Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Paras Comotrade Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Paras Comotrade Private Limited has 12 board changes on record since 2007: 2 appointments and 10 cessations. The latest: Jitesh Shah ceased to be Additional Director on 30 Apr 2019.
3 earlier events are in the company report.
Frequently asked questions
Paras Comotrade has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Paras Comotrade was a private limited company based in Kanpur, Uttar Pradesh, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 08 May 1995 and is registered under CIN U17119UP1995PTC018018. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Paras Comotrade was incorporated on 08 May 1995. It is registered with the Registrar of Companies, Kanpur.
Paras Comotrade had 2 directors:
- Jitesh Shah - Director
- Neha Shah - Director
The CIN (Corporate Identification Number) of Paras Comotrade is U17119UP1995PTC018018. 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 Paras Comotrade is at Office No. 18 Ist Floor 541 Pipal Wali Kothi Nayaganj, Kanpur, Uttar Pradesh, India – 208001.
The latest financial statements of Paras Comotrade on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 April 2019. Year-wise statements from 2015 are in the company report.
Paras Comotrade operated in the financial services industry, in the brokerage and trading services segment.
The peers of Paras Comotrade by revenue are Aakar Credit Private Limited, Banphool Sale Private Limited, Agni Business & Management Services Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (other financial activities).
Paras Comotrade has 6 court cases on record: 6 filed by the company. 6 are pending.
Jitesh Shah ceased to be Additional Director on 30 Apr 2019. Neha Shah ceased to be Additional Director on 30 Apr 2019. Amar Singh Pal ceased to be Director on 25 Apr 2019. Paras Comotrade has 12 board changes on record in total.
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