About Paralift Equipments Private Limited
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Paralift Equipments Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 03 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2011PTC220411. The company has 1 GST registration on record, which is no longer active.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 was formerly known as Ssfmss Net Technologies Private Limited. It is led by directors Salim Shaikh (Managing Director) and Sagir Shaikh.
Its last annual general meeting (AGM) was held on 12 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 602 Poonam Shrushti Latiff Park, Thane, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.74 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹4.37 Lakh (net margin 1.6%) and EBITDA of ₹15.84 Lakh (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 458% over three years.
As per MCA filings, the company has open charges of ₹2.23 Cr on record. Court records list 18 cases involving the company, including 18 filed against it; 3 cases are 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 ssfmss.com.
Company details
Contact details
Paralift Equipments Private Limited's registered office is in Thane, Maharashtra. Its website is ssfmss.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 602 Poonam Shrushti Latiff Park Opp. S.K. Stone Mira Bhayandar Road Mi, Ra Road E, Thane, Maharashtra, India – 401107
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Paralift Equipments 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 Paralift Equipments is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Paralift Equipments Private Limited, buy the company report.
Financials of Paralift Equipments Private Limited
FY 2018 filings availableParalift Equipments Private Limited reported revenue of ₹2.74 Cr (up 51% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 458% over three years, including 51% growth in the latest year. EBITDA rose 32% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.74 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹15.84 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹4.37 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 | 5.8% | |||
| Net Profit Margin | 1.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| 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 Paralift Equipments Private Limited, buy the company report.
Board of directors of Paralift Equipments Private Limited
Paralift Equipments has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Salim Shaikh Also directs: Paramount Castors & Equipments Private Limited | Managing Director | 09 Jun 2015 | 11 Years 4 Months | Current |
| Sagir Shaikh Also directs: Paramount Castors & Equipments Private Limited | Director | 09 Jun 2015 | 11 Years 4 Months | Current |
Auditor
Paralift Equipments Private Limited is audited by BASER & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BASER & ASSOCIATES | FY 2018 | 131140W |
Shareholding
The shareholding of Paralift Equipments 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 Paralift Equipments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2017 | 100102013 | City Union Bank Limited | ₹1.88 Cr | Open | |
| 29 Feb 2016 | 100030417 | City Union Bank Limited | ₹35 Lakh | Open |
To see the full charge records of Paralift Equipments Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Paralift Equipments Private Limited has 18 court cases on record: 18 filed against it. 3 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 18 | 3 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Reg Dkst) | Filed against the company by M/S Kotak Mahindra Bank Limited. Th Mr. Ajay P. Khade | Pending |
| District court, Thane, Maharashtra | Court case (Reg Dkst) | Filed against the company by Magma Fincorp Limited Th. Mr. Smarak Mishra | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by Stelloy Technocast Pvt. Ltd. Through Amitbhai Girdharbhai Bhut | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Edelweiss Retail Finance Limited.. | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Niyogin Fintech Limited | Disposed |
To see the full case history of Paralift Equipments 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 Paralift Equipments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paralift Equipments 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 Paralift Equipments Private Limited, buy the company report.
Recent activity
Paralift Equipments Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Sabina Sohel Shaikh ceased to be Director on 21 Jun 2015.
Frequently asked questions
Paralift Equipments is an active private limited company based in Thane, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 03 August 2011 (15+ years old) and is registered under CIN U72900MH2011PTC220411.
Paralift Equipments has 2 current directors:
- Salim Shaikh - Managing Director
- Sagir Shaikh - Director
The latest financial statements of Paralift Equipments on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 12 September 2018. Year-wise statements from 2015 are in the company report.
No. Paralift Equipments has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Paralift Equipments is U72900MH2011PTC220411. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paralift Equipments has 18 court cases on record: 18 filed against it. 3 are pending.
Paralift Equipments was incorporated on 03 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Sabina Sohel Shaikh ceased to be Director on 21 Jun 2015. Sohel Shaikh ceased to be Director on 21 Jun 2015. Sagir Shaikh was appointed as Director on 09 Jun 2015. Paralift Equipments has 4 board changes on record in total.
Paralift Equipments can be reached through the website ssfmss.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Paralift Equipments is at C – 602 Poonam Shrushti Latiff Park Opp. S.K. Stone Mira Bhayandar Road Mi, Ra Road E, Thane, Maharashtra, India – 401107.