MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0053816
Parasmani Polymers LLP
Parasmani Polymers LLP - home & lifestyle in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹29.71 Cr
▼ 15% YoY
Net profit · FY 2019
₹8.76 Lakh
Net margin 0.3%
EBITDA · FY 2019
₹30.37 Cr
EBITDA margin 102.2%
Contribution obligation
₹40 Lakh
As per LLP agreement
Open charges
₹34.08 Cr
Satisfied ₹30.16 Cr
LLP age
12 yrs
Est. 2014
Designated partners
2
As per MCA filings
Active GSTINs
1
GST registered
About Parasmani Polymers LLP
Data last updated:
Parasmani Polymers LLP is a limited liability partnership (LLP) based in Ahmedabad, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 25 September 2014 and has been in existence for over 12 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAC-7556. Its GSTIN is 24AAJFC8059Q1ZR (Gujarat).
The LLP has a total obligation of contribution of ₹40 Lakh. It was formerly known as Parasdeep Industries Llp and Citizen Coprod Llp. It is led by designated partners Rasilaben Pareshkumar Shah and Jainamkumar Pareshkumar Shah.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2019, the LLP reported a revenue of ₹29.71 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹8.76 Lakh (net margin 0.3%) and EBITDA of ₹30.37 Cr (EBITDA margin 102.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
As per MCA filings, the LLP has open charges of ₹34.08 Cr and satisfied charges of ₹30.16 Cr on record. Court records list 7 cases involving the LLP, including 6 filed by the LLP and 1 filed against it; 1 case is pending.
Parasmani Polymers LLP is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0053816).
Company details
LLPIN AAC-7556
Incorporation Date 25 September 2014
Total Obligation of Contribution ₹40 Lakh
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0053816
Name history
Parasmani Polymers has undergone 2 name changes throughout its history. The company was previously known as Parasdeep Industries Llp, and Citizen Coprod Llp. The current legal name is Parasmani Polymers Llp.
| Company Name | Status |
|---|---|
| Parasmani Polymers LLP | Current |
| Parasdeep Industries Llp | Previous |
| Citizen Coprod Llp | Previous |
Key People
Rasilaben Pareshkumar Shah Designated Partner Jainamkumar Pareshkumar Shah Designated Partner Recognitions & Rankings of Parasmani Polymers
Contact details
Parasmani Polymers LLP's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address1008 10th Floor Sukhsagar Complex, Nr. Hotel Fortune Landmark Usmanpura, Ahmedabad, Gujarat, India – 380013
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Parasmani Polymers LLP, buy the company report.
Comprehensive company report
Parasmani Polymers LLP - one report that includes everything
- 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
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Financials of Parasmani Polymers LLP
FY 2025 filings availableParasmani Polymers LLP reported revenue of ₹29.71 Cr (down 15% YoY) for FY 2019.
Revenue · FY 2019
₹29.71 Cr ▼ 15%
Net profit · FY 2019
₹8.76 Lakh margin 0.3%
EBITDA · FY 2019
₹30.37 Cr margin 102.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 24%
Revenue fell 15% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 15% 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
| Statement of Account and Solvency | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | ₹29.71 Cr | ||||
| Purchases and Direct Costs | |||||
| Personnel Expenses | |||||
| Administrative Expenses | |||||
| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | ₹8.76 Lakh | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
| Trade Payables | |||||
| Other Liabilities and Provisions | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Loans and Advances | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Statement of Account and Solvency | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 0.3% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Turnover Growth | |||||
| Profit Growth | |||||
To see the full financial statements and ratios of Parasmani Polymers LLP, buy the company report.
Designated partners of Parasmani Polymers LLP
Parasmani Polymers has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rasilaben Pareshkumar Shah | Designated Partner | 25 Sep 2014 | 12 Years 0 Months | Current |
| Jainamkumar Pareshkumar Shah | Designated Partner | 01 Aug 2019 | 7 Years 2 Months | Current |
Charges & borrowings
Open charges
₹34.08 Cr
Satisfied charges
₹30.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Apr 2024 | 100950212 | State Bank of India | ₹29.39 Cr | Open | |
| 16 May 2023 | 100725481 | State Bank of India | ₹4.69 Cr | Open | |
| 29 Oct 2021 | 100512689 | Punjab National Bank | ₹35 Lakh | Satisfied | |
| 10 Jun 2020 | 100353541 | Punjab National Bank | ₹71.2 Lakh | Satisfied | |
| 01 Apr 2017 | 100091125 | Punjab National Bank | ₹20.95 Cr | Satisfied |
To see the full charge records of Parasmani Polymers LLP, buy the company report.
Total charge records: 7 View all charges
Legal cases
Parasmani Polymers LLP has 7 court cases on record: 6 filed by Parasmani Polymers, 1 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
6
Filed against the company
1
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Utopia Exim Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Utopia Exim Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Utopia Exim Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Jai Matadi Enterprises | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by M/S. Shreejee Flexo and 1 other | Disposed |
To see the full case history of Parasmani Polymers LLP, 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.
Credit ratings & regulatory alerts
Parasmani Polymers LLP was last rated by Crisil on 27 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Jan 2020 |
To see the full credit ratings and regulatory alerts of Parasmani Polymers LLP, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Parasmani Polymers LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Parasmani Polymers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJFC8059Q1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parasmani Polymers LLP, buy the company report.
Recent activity
Parasmani Polymers LLP has 3 designated partner changes on record since 2014: 2 appointments and 1 cessation. The latest: Jainamkumar Pareshkumar Shah was appointed as Designated Partner on 01 Aug 2019.
AGM
Parasmani Polymers Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Parasmani Polymers Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India amounted to Rs. 2,939.00 Lakh with Charge ID 100950212 was registered on 03 Apr 2024.
Charges
A charge with State Bank Of India amounted to Rs. 469.00 Lakh with Charge ID 100725481 was registered on 16 May 2023.
Charges
A charge registered on 01 Apr 2017 via Charge ID 100091125 with Punjab National Bank was fully satisfied on 05 May 2023.
Charges
A charge registered on 31 Mar 2017 via Charge ID 100090847 with Punjab National Bank was fully satisfied on 05 May 2023.
Charges
A charge registered on 31 Mar 2017 via Charge ID 100091126 with Punjab National Bank was fully satisfied on 05 May 2023.
Charges
A charge registered on 29 Oct 2021 via Charge ID 100512689 with Punjab National Bank was fully satisfied on 20 Apr 2023.
Charges
A charge registered on 10 Jun 2020 via Charge ID 100353541 with Punjab National Bank was fully satisfied on 20 Apr 2023.
Charges
A charge with Punjab National Bank amounted to Rs. 35.00 Lakh with Charge ID 100512689 was registered on 29 Oct 2021.
Charges
A charge with Punjab National Bank of Rs. 2,095.20 Lakh registered on 01 Apr 2017 with Charge ID 100091125 was modified on 20 Jul 2020.
Charges
A charge with Punjab National Bank amounted to Rs. 71.20 Lakh with Charge ID 100353541 was registered on 10 Jun 2020.
7 earlier events are in the company report.
Frequently asked questions
Parasmani Polymers is an active limited liability partnership based in Ahmedabad, Gujarat, India. The LLP works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 25 September 2014 (12+ years old) and is registered under LLPIN AAC-7556.
Parasmani Polymers has 2 current designated partners:
- Rasilaben Pareshkumar Shah - Designated Partner
- Jainamkumar Pareshkumar Shah - Designated Partner
The latest financial statements of Parasmani Polymers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Parasmani Polymers is 24AAJFC8059Q1ZR, registered in Gujarat.
The LLPIN (Limited Liability Partnership Identification Number) of Parasmani Polymers is AAC-7556. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Parasmani Polymers has 7 court cases on record: 6 filed by the LLP and 1 filed against it. 1 is pending. Most are in the district courts.
Parasmani Polymers was incorporated on 25 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jainamkumar Pareshkumar Shah was appointed as Designated Partner on 01 Aug 2019. Pareshkumar Shivlal Shah ceased to be Designated Partner on 01 Aug 2019. Rasilaben Pareshkumar Shah was appointed as Designated Partner on 25 Sep 2014.
Yes, Parasmani Polymers is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0053816).
The registered office of Parasmani Polymers is at 1008 10th Floor Sukhsagar Complex, Nr. Hotel Fortune Landmark Usmanpura, Ahmedabad, Gujarat, India – 380013.