About Pazel International Limited
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Pazel International Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the support services segment of the services sector. It was incorporated on 07 March 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L55100MH1980PLC022303. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from BSE on 20 Jun 2023 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.61 Cr. It was formerly known as Rutron International Limited. It is led by directors including Rushabh Ashwin Choksi (Managing Director) and Imteyaz Mohammad Shafi Shaikh.
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at V Star Plaza Shop No. 115 Plot No. 16 Chandavarkar Road Borivali (West), Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.3 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹57.11 Lakh (net margin 24.8%) and EBITDA of -₹18.57 Lakh (EBITDA margin -8.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it. The company has 52 deals on record (52 market trades); the latest was in February 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pazel.in.
Company details
CIN history
Pazel International has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L55100MH1980PLC022303, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L55100MH1980PLC022303 | Current |
| U22303MH1980PLC022303 | Previous |
| L22303MH1980PLC022303 | Previous |
| L60200MH1980PLC022303 | Previous |
Contact details
Pazel International Limited's registered office is in Mumbai, Maharashtra. Its website is pazel.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressV Star Plaza Shop No. 115 Plot No. 16 Chandavarkar Road Borivali (West), Mumbai, Maharashtra, India – 400092
- IndustryService, Other Support Services
To see the full contact details of Pazel International 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
Financials of Pazel International Limited
FY 2019 filings availablePazel International Limited reported revenue of ₹2.3 Cr (down 45% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 2%. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹18.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹57.11 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.1% | ||||
| Net Profit Margin | 24.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Pazel International Limited, buy the company report.
Board of directors of Pazel International Limited
Pazel International has 4 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Imteyaz Mohammad Shafi Shaikh | Director | 04 Feb 2019 | 7 Years 8 Months | Current |
| Satish Srinath Bhagat | Additional Director | 11 Feb 2020 | 6 Years 8 Months | Current |
| Rushabh Ashwin Choksi Also directs: Merishrushti Consumer Products Private Limited, Tanron India LLP | Managing Director | 06 May 2019 | 7 Years 5 Months | Current |
| Sonal Chetan Sagar Also directs: First Financial Services Ltd | Director | 14 Aug 2018 | 8 Years 2 Months | Current |
Auditor
Pazel International Limited is audited by MNNY & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MNNY & Associates | FY 2019 | 114018W |
Shareholding
The shareholding of Pazel International Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Pazel International Limited, buy the company report.
Deals & funding
Pazel International Limited has 52 deals on record (52 market trades); the latest was in February 2022.
Deals on record (5 of 52)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Market trade | ₹10.2 Lakh | Seller: Dulcet Advisory Private Limited , an individual |
| Feb 2022 | Market trade | ₹9.6 Lakh | Seller: Alpha Leon Enterprises LLP |
| Feb 2022 | Market trade | ₹16.6 Lakh | Seller: Alpha Leon Enterprises LLP , an individual |
| Feb 2022 | Market trade | ₹9.1 Lakh | Seller: Xcess Securities Private Limited , an individual |
| Jan 2022 | Market trade | ₹9.2 Lakh | Buyer: Xcess Securities Private Limited |
To see the full deal history of Pazel International Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pazel International Limited has 7 court cases on record: 6 filed by Pazel International, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed by the company against Ms.Rutron Logistics Pvt.Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Ms.Rutron Logistics Pvt.Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Ms.Rutron Logistics Pvt.Ltd. and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss casess) | Filed against the company by Mumbai Municipal Corporation P-North Ward | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra | Disposed |
To see the full case history of Pazel International 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 Pazel International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pazel International has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pazel International Limited, buy the company report.
Recent activity
Pazel International Limited has 55 board changes on record since 1994: 29 appointments and 26 cessations. The latest: Komal Tribhovandas Fofaria ceased to be Director on 16 Aug 2021.
46 earlier events are in the company report.
Frequently asked questions
Pazel International is an active public limited company based in Mumbai, Maharashtra, India. The company works in other support services, within the service industry. It was incorporated on 07 March 1980 (46+ years old) and is registered under CIN L55100MH1980PLC022303.
Pazel International has 4 current directors:
- Rushabh Ashwin Choksi - Managing Director
- Imteyaz Mohammad Shafi Shaikh - Director
- Satish Srinath Bhagat - Additional Director
- Sonal Chetan Sagar - Director
The latest financial statements of Pazel International on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 27 September 2019. Year-wise statements from 2015 are in the company report.
No. Pazel International has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Pazel International is L55100MH1980PLC022303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pazel International is recorded as a listed company by MCA, but its shares were delisted from BSE on 20 Jun 2023 · compulsory delisting, and no longer trade on a stock exchange.
Pazel International has 7 court cases on record: 6 filed by the company and 1 filed against it. Most are in the district courts.
Pazel International was incorporated on 07 March 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.
Pazel International has 52 deals on record (52 market trades); the latest was in February 2022.
Komal Tribhovandas Fofaria ceased to be Director on 16 Aug 2021. Sonal Chetan Sagar ceased to be Director on 04 May 2021. Milin Jagdish Ramani ceased to be Company Secretary on 23 Nov 2020. Pazel International has 55 board changes on record in total.