Panaqua Tradecom Private Limited
About Panaqua Tradecom Private Limited
Data last updated:
Panaqua Tradecom Private Limited was a private limited company based in Gwalior, Madhya Pradesh, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the agricultural products distribution segment of the agriculture sector. It was incorporated on 08 June 2010.
The company was registered with the Registrar of Companies (ROC), Gwalior, under CIN U74110MP2010PTC046119. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Panaqua Warehousing and Logistics Private Limited and Panaqua Commodities Private Limited. It was led by directors Ritesh Ramniklal Parmar and Dhaval Dhiraj Chhaya.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Shop No. 1 H.No. 510/08 Near Shiv Mandir Nawad Sahed Road Shivpuri, Gwalior, Madhya Pradesh, India – 473551.
As per the financials filed for FY 2021, the company reported a revenue of ₹87.71 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹25.85 Lakh (net margin -0.3%) and EBITDA of ₹2.13 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 35% over five years.
As per MCA filings, the company had satisfied charges of ₹45 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 4 cases are pending.
Company details
Name history
Panaqua Tradecom has undergone 5 name changes throughout its history. The current legal name is Panaqua Tradecom Private Limited.
| Company Name | Status |
|---|---|
| Panaqua Tradecom Private Limited | Current |
| Panaqua Warehousing And Logistics Private Limited | Previous |
| Panaqua Commodities Private Limited | Previous |
| Abans Warehousing & Logistics Private Limited | Previous |
| Panaqua Tradex Private Limited | Previous |
| Panaqua Comtrade Private Limited | Previous |
CIN history
Panaqua Tradecom has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110MP2010PTC046119, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MP2010PTC046119 | Current |
| U74999MH2010PTC203822 | Previous |
| U74110MH2010PTC203822 | Previous |
Contact details
Panaqua Tradecom Private Limited's registered office is in Gwalior, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressShop No. 1 H.No. 510/08 Near Shiv Mandir Nawad Sahed Road Shivpuri, Gwalior, Madhya Pradesh, India – 473551
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Panaqua Tradecom 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 Panaqua Tradecom 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 Panaqua Tradecom Private Limited, buy the company report.
Financials of Panaqua Tradecom Private Limited
FY 2021 filings availablePanaqua Tradecom Private Limited reported revenue of ₹87.71 Cr (down 87% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 87% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 42% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹87.71 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹25.85 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | -0.3% | ||||
| 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 Panaqua Tradecom Private Limited, buy the company report.
Board of directors of Panaqua Tradecom Private Limited
Panaqua Tradecom has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Ramniklal Parmar | Director | 01 Dec 2017 | 8 Years 10 Months | As last reported |
| Dhaval Dhiraj Chhaya | Director | 30 Nov 2017 | 8 Years 10 Months | As last reported |
Auditor
Panaqua Tradecom Private Limited is audited by S G M & COMPANY for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G M & COMPANY | FY 2021 | 018420C |
Shareholding
The shareholding of Panaqua Tradecom Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panaqua Tradecom Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Apr 2018 | 100225611 | Others | ₹40 Cr | Satisfied | |
| 23 Jan 2017 | 100108960 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Panaqua Tradecom Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Panaqua Tradecom Private Limited has 6 court cases on record: 6 filed by Panaqua Tradecom. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 0 | 4 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Idbi Bank Limited and 3 others | Disposed |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against Income Tax Department and Anr and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Income Tax Department and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against individuals | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Disposed |
To see the full case history of Panaqua Tradecom 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 Panaqua Tradecom Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panaqua Tradecom has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Panaqua Tradecom Private Limited, buy the company report.
Recent activity
Panaqua Tradecom Private Limited has 15 board changes on record since 2011: 2 appointments and 13 cessations. The latest: Dhaval Dhiraj Chhaya ceased to be Additional Director on 29 Sep 2018.
11 earlier events are in the company report.
Frequently asked questions
Panaqua Tradecom has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Panaqua Tradecom was a private limited company based in Gwalior, Madhya Pradesh, India. The company worked in agro retail and distribution, within the agriculture industry. It was incorporated on 08 June 2010 and is registered under CIN U74110MP2010PTC046119. The company has been struck off by the Registrar of Companies and is no longer operational.
Panaqua Tradecom had 2 directors:
- Ritesh Ramniklal Parmar - Director
- Dhaval Dhiraj Chhaya - Director
The CIN (Corporate Identification Number) of Panaqua Tradecom is U74110MP2010PTC046119. 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 Panaqua Tradecom is at Shop No. 1 H.No. 51008 Near Shiv Mandir Nawad Sahed Road Shivpuri, Gwalior, Madhya Pradesh, India – 473551.
Panaqua Tradecom was incorporated on 08 June 2010. It is registered with the Registrar of Companies, Gwalior.
The latest financial statements of Panaqua Tradecom on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Panaqua Tradecom has 2 GST registrations on record and all of them are cancelled or inactive.
Panaqua Tradecom operated in the agriculture industry, in the agro retail and distribution segment. It worked in this industry before it was struck off.
Panaqua Tradecom has 6 court cases on record: 6 filed by the company. 4 are pending. Most are in the nclat.