Panache Securities Private Limited
About Panache Securities Private Limited
Data last updated:
Panache Securities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 22 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1994PTC083985.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Sunil Shantaram Dudwadkar and Hitesh Devrao Naik.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Gala No. 155 Sion Mahim Link Road Near Raheja Hospital Mahima West, Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2018, the company reported a revenue of ₹33.8 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹28.28 Lakh (net margin 83.7%) and EBITDA of ₹28.28 Lakh (EBITDA margin 83.7%). Revenue has grown at a compounded annual rate (CAGR) of 390% over three years.
As per MCA filings, the company has open charges of ₹2 Cr on record. Court records list 7 cases involving the company, including 7 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Panache Securities Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressGala No. 155 Sion Mahim Link Road Near Raheja Hospital Mahima West, Mumbai, Maharashtra, India – 400016
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Panache Securities 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 Panache Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Panache Securities Private Limited, buy the company report.
Financials of Panache Securities Private Limited
FY 2018 filings availablePanache Securities Private Limited reported revenue of ₹33.8 Lakh (up 17172% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 390% over three years. 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹33.8 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹28.28 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹28.28 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 83.7% | |||
| Net Profit Margin | 83.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| 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 Panache Securities Private Limited, buy the company report.
Board of directors of Panache Securities Private Limited
Panache Securities has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Shantaram Dudwadkar | Director | 14 Feb 2016 | 10 Years 8 Months | Current |
| Hitesh Devrao Naik | Director | 15 Oct 2013 | 13 Years 0 Months | Current |
Auditor
Panache Securities Private Limited is audited by K R MANIK & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R MANIK & CO | FY 2018 | 132212W |
Shareholding
The shareholding of Panache Securities Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Panache Securities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jul 2006 | 10011533 | Canara Bank | ₹2 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Panache Securities Private Limited has 7 court cases on record: 7 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 6 | 2 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
| Bombay High Court | Court case (S) | Filed against the company | Pending |
| Bombay High Court | Court case (CHOL) | Filed against the company | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Disposed |
To see the full case history of Panache Securities 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 Panache Securities 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 Panache Securities Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Panache Securities Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Sunil Shantaram Dudwadkar was appointed as Director on 14 Feb 2016.
Frequently asked questions
Panache Securities is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 22 December 1994 (32+ years old) and is registered under CIN U65990MH1994PTC083985.
Panache Securities has 2 current directors:
- Sunil Shantaram Dudwadkar - Director
- Hitesh Devrao Naik - Director
The latest financial statements of Panache Securities on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Panache Securities is U65990MH1994PTC083985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panache Securities has 7 court cases on record: 7 filed against it. 3 are pending. Most are in the high courts.
Panache Securities was incorporated on 22 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Sunil Shantaram Dudwadkar was appointed as Director on 14 Feb 2016. Sharda Prabhudas Samani ceased to be Director on 14 Jul 2015. Hitesh Devrao Naik was appointed as Director on 15 Oct 2013.
The registered office of Panache Securities is at Gala No. 155 Sion Mahim Link Road Near Raheja Hospital Mahima West, Mumbai, Maharashtra, India – 400016.
Panache Securities operates in the financial services industry, in the diversified financial services segment.
Panache Securities has open charges of ₹2 Cr and no satisfied charges on record as per latest MCA filings.