About Paragon Safety Locks Private Limited
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Paragon Safety Locks Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the bottle and cap manufacturing segment of the packaging sector. It was incorporated on 12 January 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52330MH2009PTC189492. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Balakrishnan Chelakara Narayanan and Chelakkara Narayanan.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Unit No: 4 & 10 Saraswasti Industrail Estate Navghar Village Vasai ( E), Thane, Maharashtra, India – 401210.
As per the financials filed for FY 2020, the company reported a revenue of ₹14.7 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹12.23 Lakh (net margin -83.2%) and EBITDA of -₹8.02 Lakh (EBITDA margin -54.6%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹46.43 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paragonsafety.in.
Company details
Contact details
Paragon Safety Locks Private Limited's registered office is in Thane, Maharashtra. Its website is paragonsafety.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No: 4 & 10 Saraswasti Industrail Estate Navghar Village Vasai ( E), Thane, Maharashtra, India – 401210
- IndustryPackaging, Bottle & Cap Manufacturing
To see the full contact details of Paragon Safety Locks 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 Paragon Safety Locks is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Paragon Safety Locks Private Limited, buy the company report.
Financials of Paragon Safety Locks Private Limited
FY 2020 filings availableParagon Safety Locks Private Limited reported revenue of ₹14.7 Lakh (down 71% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 71% fall in the latest year. EBITDA fell 192% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14.7 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹8.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.23 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -54.6% | ||||
| Net Profit Margin | -83.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Paragon Safety Locks Private Limited, buy the company report.
Board of directors of Paragon Safety Locks Private Limited
Paragon Safety Locks has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balakrishnan Chelakara Narayanan Also directs: Tasshmy Herbals LLP, Anantaum Corpora Private Limited, Llama Shipping and Logistics Private Limited and 2 more | Director | 19 Aug 2009 | 17 Years 2 Months | Current |
| Chelakkara Narayanan | Director | 19 Aug 2009 | 17 Years 2 Months | Current |
| Gopalakrishnan Chelakara Ramaswamy | Director | 19 Aug 2009 | 17 Years 2 Months | Current |
Auditor
Paragon Safety Locks Private Limited is audited by Satish Shetty & Associates for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Satish Shetty & Associates | FY 2018 |
Shareholding
The shareholding of Paragon Safety Locks Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Paragon Safety Locks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2014 | 10521270 | Electronica Finance Limited | ₹4.2 Lakh | Open | |
| 31 Mar 2012 | 10345309 | Electronica Finance Limited | ₹5.98 Lakh | Open | |
| 29 Oct 2010 | 10258412 | Canara Bank | ₹36.25 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
Paragon Safety Locks Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Canara Bank Through Nirmal Kishor Pandey | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Canara Bank Through Nirmal Kishor Pandey | Disposed |
To see the full case history of Paragon Safety Locks 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 Paragon Safety Locks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paragon Safety Locks has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Paragon Safety Locks Private Limited, buy the company report.
Recent activity
Paragon Safety Locks Private Limited has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: Subbaraman Ramaswamy Ramachandran ceased to be Director on 14 Oct 2011.
2 earlier events are in the company report.
Frequently asked questions
Paragon Safety Locks is an active private limited company based in Thane, Maharashtra, India. The company works in bottle and cap manufacturing, within the packaging industry. It was incorporated on 12 January 2009 (17+ years old) and is registered under CIN U52330MH2009PTC189492.
Paragon Safety Locks has 3 current directors:
- Balakrishnan Chelakara Narayanan - Director
- Chelakkara Narayanan - Director
- Gopalakrishnan Chelakara Ramaswamy - Director
The latest financial statements of Paragon Safety Locks on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Paragon Safety Locks has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Paragon Safety Locks is U52330MH2009PTC189492. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paragon Safety Locks has 2 court cases on record: 2 filed against it. 1 is pending.
Paragon Safety Locks was incorporated on 12 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Subbaraman Ramaswamy Ramachandran ceased to be Director on 14 Oct 2011. Balakrishnan Chelakara Narayanan ceased to be Additional Director on 30 Jun 2010. Chelakkara Narayanan ceased to be Additional Director on 30 Jun 2010. Paragon Safety Locks has 8 board changes on record in total.
Paragon Safety Locks can be reached through the website paragonsafety.in. Its registered office is in Thane, Maharashtra, India.
The registered office of Paragon Safety Locks is at Unit No: 4 & 10 Saraswasti Industrail Estate Navghar Village Vasai E, Thane, Maharashtra, India – 401210.
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