Palak Developers Private Limited
About Palak Developers Private Limited
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Palak Developers Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the real estate financing segment of the financial services sector. It was incorporated on 14 March 2008.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U45400WB2008PTC124156.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.75 Lakh.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 13 Lower Range, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2018, the company reported a revenue of ₹22,108, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹2,251 (net margin 10.2%) and EBITDA of ₹2,251 (EBITDA margin 10.2%).
Company details
Contact details
Palak Developers Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address13 Lower Range, Kolkata, West Bengal, India – 700017
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Palak Developers 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 Palak Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
Financials of Palak Developers Private Limited
FY 2018 filings availablePalak Developers Private Limited reported revenue of ₹22,108 (down 18% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 18% in the latest year. EBITDA rose 232% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹2,251 | |||
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| Net Profit (PAT) | ₹2,251 | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | 10.2% | |||
| Net Profit Margin | 10.2% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Palak Developers Private Limited, buy the company report.
Board of directors of Palak Developers Private Limited
Palak Developers has 8 former directors on record and no current directors listed.
Auditor
Palak Developers Private Limited is audited by RahulGoenka&Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RahulGoenka&Associates | FY 2017 | 327046E |
Shareholding
The shareholding of Palak Developers 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 Palak Developers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Palak Developers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palak Developers 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 Palak Developers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Palak Developers Private Limited has 8 board changes on record since 2008: 0 appointments and 8 cessations. The latest: Aishwarya Mirania Agarwal ceased to be Director on 17 Apr 2019.
Frequently asked questions
Palak Developers has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Palak Developers was a private limited company based in Kolkata, West Bengal, India. The company worked in real estate financing, within the financial services industry. It was incorporated on 14 March 2008 and is registered under CIN U45400WB2008PTC124156. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Palak Developers is U45400WB2008PTC124156. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palak Developers was incorporated on 14 March 2008. It is registered with the Registrar of Companies, Kolkata.
The registered office of Palak Developers is at 13 Lower Range, Kolkata, West Bengal, India – 700017.
The latest financial statements of Palak Developers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
Palak Developers operated in the financial services industry, in the real estate financing segment.
Aishwarya Mirania Agarwal ceased to be Director on 17 Apr 2019. Seema Mirania Agarwal ceased to be Director on 17 Apr 2019. Bishan M Agarwal ceased to be Director on 11 Feb 2015. Palak Developers has 8 board changes on record in total.
Palak Developers can be reached at its registered office: 13 Lower Range, Kolkata, West Bengal, India – 700017.
Palak Developers is registered under the jurisdiction of the Registrar of Companies (ROC), Kolkata.