About Parallax Decor Private Limited
Data last updated:
Parallax Decor Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 25 July 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20299MH2006PTC163282. Its GSTIN is 27AADCP9542Q1ZM (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹30.6 Lakh. It is led by directors including Ankit Goel (Irp/Rp/Liquidator) and Bhartidevi Bhartia.
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 115 Acme Industrial Estate I.B.Patel Road Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.52 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹67.95 Lakh (net margin -44.7%) and EBITDA of -₹12.01 Lakh (EBITDA margin -7.9%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 36% over five years.
As per MCA filings, the company has open charges of ₹7 Cr and satisfied charges of ₹4.35 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1 Cr; the latest was in March 2020. Its 4 peer companies in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is Bansal Mattresses Private Limited with revenue of ₹1.54 Cr.
The last known website on record is parallaxdecor.com.
Company details
Contact details
Parallax Decor Private Limited's registered office is in Mumbai, Maharashtra. Its website is parallaxdecor.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address115 Acme Industrial Estate I.B.Patel Road Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
To see the full contact details of Parallax Decor 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 Parallax Decor 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 Parallax Decor Private Limited, buy the company report.
Financials of Parallax Decor Private Limited
FY 2020 filings availableParallax Decor Private Limited reported revenue of ₹1.52 Cr (up 17% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 36%. EBITDA rose 48% 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 | ₹1.52 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹12.01 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹67.95 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.9% | ||||
| Net Profit Margin | -44.7% | ||||
| 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 Parallax Decor Private Limited, buy the company report.
Board of directors of Parallax Decor Private Limited
Parallax Decor has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Goel Also directs: AAA Insolvency Professionals LLP, AAA Valuation Professionals LLP, Aaag & Co. LLP and 1 more | Irp/Rp/Liquidator | 02 Jan 2024 | 2 Years 9 Months | As last reported |
| Bhartidevi Bhartia | Director | 25 Jul 2006 | 20 Years 3 Months | As last reported |
| Mehul Sushil Bhartia Also directs: Parallax Industries LLP | Director | 25 Jul 2006 | 20 Years 3 Months | As last reported |
Peer comparison
Parallax Decor Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bansal Mattresses Private Limited | ₹1.54 Cr (FY 2025) | 12.0% | Agra, Uttar Pradesh, India | |||
| Parallax Decor Private Limitedthis company | ₹1.52 Cr (FY 2020) | -₹67.95 Lakh | -44.7% | 17.0% | Mumbai, Maharashtra, India | |
| Kavita Agencies Private Limited | ₹1.51 Cr (FY 2024) | -63.0% | P.S.-Police Station, Bihar, India | |||
| First Decor Solutions Private Limited | ₹1.5 Cr (FY 2023) | 22.0% | Delhi, India | |||
| Gomars International Private Limited | ₹1.5 Cr (FY 2025) | -3.0% | Faridabad, Haryana, India |
To see the full peer comparison of Parallax Decor Private Limited, buy the company report.
Auditor
Parallax Decor Private Limited is audited by C M C & CO LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C M C & CO LLP | FY 2020 | 110718W |
Shareholding
The shareholding of Parallax Decor Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Parallax Decor Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2014 | 10514819 | Indusind Bank Ltd. | ₹7 Cr | Open | |
| 06 Feb 2008 | 10110357 | The Federal Bank Limited | ₹4.35 Cr | Satisfied |
To see the full charge records of Parallax Decor Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Parallax Decor Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1 Cr; the latest was in March 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2014 | Funding round | ₹35 Lakh | Investors: an individual |
| Jul 2012 | Funding round | ₹58 Lakh | Investors: 2 individuals |
| Jul 2009 | Funding round | ₹7 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Parallax Decor Private Limited has 6 court cases on record: 5 filed by Parallax Decor, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Omkara Assets Reconstruction Private Limited Through Its Authorized Officer Zuber Khan | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against M S Sanghvi Furniture Pvt Ltd and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against an individual | Disposed |
To see the full case history of Parallax Decor 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 Parallax Decor Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Parallax Decor Private Limited has 1 active EPFO establishment as of Mar 24, 2024.
GST
Parallax Decor has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP9542Q1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parallax Decor Private Limited, buy the company report.
Recent activity
Parallax Decor Private Limited has 3 board changes on record since 2006: 3 appointments. The latest: Ankit Goel was appointed as Irp/Rp/Liquidator on 02 Jan 2024.
Frequently asked questions
Parallax Decor is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Parallax Decor is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 25 July 2006 and is registered under CIN U20299MH2006PTC163282. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Parallax Decor has 3 current directors:
- Bhartidevi Bhartia - Director
- Mehul Sushil Bhartia - Director
- Ankit Goel - Irp/Rp/Liquidator
The latest financial statements of Parallax Decor 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.
The CIN (Corporate Identification Number) of Parallax Decor is U20299MH2006PTC163282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parallax Decor has open charges of ₹7 Cr and satisfied charges of ₹4.35 Cr as per latest MCA filings.
Parallax Decor has 6 court cases on record: 5 filed by the company and 1 filed against it.
Parallax Decor was incorporated on 25 July 2006. It is registered with the Registrar of Companies, Mumbai.
Parallax Decor has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1 Cr; the latest was in March 2020.
The peers of Parallax Decor by revenue are Bansal Mattresses Private Limited, Kavita Agencies Private Limited, First Decor Solutions Private Limited, Gomars International Private Limited, all in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (wholesale trading).
Ankit Goel was appointed as Irp/Rp/Liquidator on 02 Jan 2024. Bhartidevi Bhartia was appointed as Director on 25 Jul 2006. Mehul Sushil Bhartia was appointed as Director on 25 Jul 2006.