Panel Source LLP
About Panel Source LLP
Data last updated:
Panel Source LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 21 January 2015 and has been in existence for over 11 years.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAD-2356.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Sunder Shetty and Siddharth Sujeet Shetty.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per MCA filings, the LLP has open charges of ₹75 Lakh on record. Court records list 3 cases involving the LLP, including 3 filed by the LLP.
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- Registered AddressUnit No 15 Unique Industrial Premises, Veer Savarkar Road Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryManufacturing, Wood Products & MDF
- 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
Financials of Panel Source LLP FY 2025 filings available
Financial Statement Summary of Panel Source LLP
| Statement of Account and Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | •••• | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Panel Source LLP
| Statement of Account and Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Panel Source 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.
Designated Partners of Panel Source LLP
Panel Source has 2 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunder Shetty | Designated Partner | 31 Dec 2020 | 5 Years 9 Months | Current |
| Siddharth Sujeet Shetty | Designated Partner | 21 Oct 2022 | 3 Years 11 Months | Current |
Charges & Borrowings of Panel Source LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2017 | Vijaya Bank | ₹75 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Panel Source LLP
Panel Source LLP has 3 court cases on record: 3 filed by Panel Source. All cases are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (RP) | Filed by the company against Assistant State Tax Officer | Disposed |
| High Court of Kerala | Appeal | Filed by the company against Assistant State Tax Officer | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against Assistant State Tax Officer | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Panel Source LLP
Employment history and EPFO contributions of people linked to Panel Source.
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.
Recent Activity on Panel Source LLP
Panel Source LLP has 3 designated partner changes on record since 2020: 2 appointments and 1 cessation. The latest: Siddharth Sujeet Shetty was appointed as Designated Partner on 21 Oct 2022.
Credit Ratings, Litigation & Regulatory Alerts for Panel Source LLP
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 Panel Source LLP
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 Panel Source LLP
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.
GST Compliance of Panel Source LLP
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.
MCA Filings & Documents of Panel Source LLP
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.
Frequently Asked Questions about Panel Source LLP
Panel Source is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in wood products and mdf, within the manufacturing industry. It was incorporated on 21 January 2015 (11+ years old) and is registered under LLPIN AAD-2356.
Panel Source has 2 current designated partners:
- Sunder Shetty - Designated Partner
- Siddharth Sujeet Shetty - Designated Partner
The LLPIN (Limited Liability Partnership Identification Number) of Panel Source is AAD-2356. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Panel Source has 3 court cases on record: 3 filed by the LLP.
Panel Source was incorporated on 21 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Siddharth Sujeet Shetty was appointed as Designated Partner on 21 Oct 2022. Rakesh Gupta ceased to be Designated Partner on 31 Dec 2020. Sunder Shetty was appointed as Designated Partner on 31 Dec 2020.
The registered office of Panel Source is at Unit No 15 Unique Industrial Premises, Veer Savarkar Road Prabhadevi, Mumbai, Maharashtra, India – 400025.
The total obligation of contribution is ₹1 Lakh.
Panel Source operates in the manufacturing industry, in the wood products and mdf segment.
Panel Source has open charges of ₹75 Lakh and no satisfied charges on record as per latest MCA filings.