Saraswati Agencies Private Limited
About Saraswati Agencies Private Limited
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Saraswati Agencies Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 25 June 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2001PTC093348. Its GSTIN is 19AAHCS0473M1ZW (West Bengal).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹15.21 Lakh. It is led by directors Raj Kumar Parasramka (Whole-Time Director) and Ramesh Parasramka (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at P 18 New C I T Road Indiaexchange Place, Kolkata, West Bengal, India – 700073.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.28 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹42,658 (net margin -10%) and EBITDA of -₹15,541 (EBITDA margin -3.6%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 28% over five years.
As per MCA filings, the company has open charges of ₹2.94 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Saraswati Agencies Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered AddressP 18 New C I T Road Indiaexchange Place, Kolkata, West Bengal, India – 700073
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Saraswati Agencies 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 Saraswati Agencies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Saraswati Agencies Private Limited, buy the company report.
Financials of Saraswati Agencies Private Limited
FY 2020 filings availableSaraswati Agencies Private Limited reported revenue of ₹4.28 Lakh (down 42% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 42% fall in the latest year. EBITDA fell 131% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.28 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹15,541 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹42,658 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.6% | ||||
| Net Profit Margin | -10% | ||||
| 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 Saraswati Agencies Private Limited, buy the company report.
Board of directors of Saraswati Agencies Private Limited
Saraswati Agencies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Parasramka | Whole-Time Director | 25 Jun 2001 | 25 Years 4 Months | Current |
| Ramesh Parasramka | Whole-Time Director | 25 Jun 2001 | 25 Years 4 Months | Current |
Shareholding
The shareholding of Saraswati Agencies 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 Saraswati Agencies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2009 | 10169882 | State Bank of India | ₹1.52 Cr | Open | |
| 08 Jul 2003 | 90246087 | State Bank of India | ₹92 Lakh | Open | |
| 08 Jul 2003 | 90247222 | State Bank of India | ₹50 Lakh | Open |
To see the full charge records of Saraswati Agencies Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Saraswati Agencies Private Limited has 4 court cases on record: 2 filed by Saraswati Agencies, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 2 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Appeal | Filed against the company by Timex Group India Ltd | Pending |
| District court, South East, Delhi | Court case (T.P. C) | Filed by the company against Timex Group India Limited | Disposed |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against Timex Group India Ltd & Ors | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Timex Group India Limited | Disposed |
To see the full case history of Saraswati Agencies 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 Saraswati Agencies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saraswati Agencies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAHCS0473M1ZW | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saraswati Agencies Private Limited, buy the company report.
Recent activity
Saraswati Agencies Private Limited has 2 board changes on record since 2001: 2 appointments. The latest: Raj Kumar Parasramka was appointed as Whole-Time Director on 25 Jun 2001.
Frequently asked questions
Saraswati Agencies is an active private limited company based in Kolkata, West Bengal, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 25 June 2001 (25+ years old) and is registered under CIN U51909WB2001PTC093348.
Saraswati Agencies has 2 current directors:
- Raj Kumar Parasramka - Whole-Time Director
- Ramesh Parasramka - Whole-Time Director
The latest financial statements of Saraswati Agencies on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 28 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Saraswati Agencies is 19AAHCS0473M1ZW, registered in West Bengal.
The CIN (Corporate Identification Number) of Saraswati Agencies is U51909WB2001PTC093348. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saraswati Agencies has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Saraswati Agencies was incorporated on 25 June 2001, making it 25+ years old. It is registered with the Registrar of Companies, Kolkata.
Raj Kumar Parasramka was appointed as Whole-Time Director on 25 Jun 2001. Ramesh Parasramka was appointed as Whole-Time Director on 25 Jun 2001.
The registered office of Saraswati Agencies is at P 18 New C I T Road Indiaexchange Place, Kolkata, West Bengal, India – 700073.
Saraswati Agencies operates in the manufacturing industry, in the textile and fabric production segment.
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