About Panama Systems Private Limited
Data last updated:
Panama Systems Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 23 April 2012.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2012PTC143077. Its GSTIN is 27AAGCP6002Q1Z2 (Maharashtra).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Hemant Raykumar Khinvasara and Shilpa Hemant Khinvasara.
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 was at Off. 401 C.T.S 40/1 B/1 Final Plot 40 Welesely Rd Near Sangam Bridge, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2018, the company reported a revenue of ₹92.71 Lakh, a growth of 75% compared to the previous year. For the same year it recorded a net loss of ₹2.23 Cr (net margin -240.4%) and EBITDA of -₹1.58 Cr (EBITDA margin -170.8%). Revenue has grown at a compounded annual rate (CAGR) of 113% over three years.
The company had about 28 employees on its provident fund (EPFO) records before it was dissolved.
The last known website on record is pspl.tech..
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOff. 401 C.T.S 40/1 B/1 Final Plot 40 Welesely Rd Near Sangam Bridge, Pune, Maharashtra, India – 411001
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Panama Systems Private Limited
The main business activity of Panama Systems is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Panama Systems Private Limited
Panama Systems Private Limited is audited by P S B C AND ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P S B C AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Panama Systems Private Limited
Panama Systems has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemant Raykumar Khinvasara | Director | 23 Apr 2012 | 14 Years 5 Months | As last reported |
| Shilpa Hemant Khinvasara | Director | 09 Jan 2017 | 9 Years 8 Months | As last reported |
| Harsh Dinesh Dawda | Director | 13 Jan 2017 | 9 Years 8 Months | As last reported |
Financials of Panama Systems Private Limited FY 2018 filings available
Panama Systems Private Limited reported revenue of ₹92.71 Lakh (up 75% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Panama Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 113% over three years, including 75% growth in the latest year. EBITDA fell 84% 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 of Panama Systems Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹92.71 Lakh | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.58 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.23 Cr | •••• | •••• | •••• |
| 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 of Panama Systems Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -170.8% | •••• | •••• | •••• |
| Net Profit Margin | -240.4% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Panama Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Panama Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Panama Systems Private Limited
Panama Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Panama Systems Private Limited
Panama Systems Private Limited has a workforce of 28 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Panama Systems Private Limited
Panama Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCP6002Q1Z2 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Panama Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Panama Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Panama Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Panama Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Panama Systems Private Limited
Frequently Asked Questions about Panama Systems Private Limited
Panama Systems has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Panama Systems was a private limited company based in Pune, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 23 April 2012 and is registered under CIN U72200PN2012PTC143077. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Panama Systems was incorporated on 23 April 2012. It is registered with the Registrar of Companies, Pune.
Panama Systems had 3 directors:
- Hemant Raykumar Khinvasara - Director
- Shilpa Hemant Khinvasara - Director
- Harsh Dinesh Dawda - Director
The CIN (Corporate Identification Number) of Panama Systems is U72200PN2012PTC143077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Panama Systems is at Off. 401 C.T.S 401 B1 Final Plot 40 Welesely Rd Near Sangam Bridge, Pune, Maharashtra, India – 411001.
Panama Systems can be reached through the website pspl.tech.. Its registered office is in Pune, Maharashtra, India.
Panama Systems reported revenue of ₹92.71 Lakh for FY 2018 (up 75% YoY).
Panama Systems has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.