About Paramount Fashions Private Limited
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Paramount Fashions Private Limited is a private limited company based in Chandigarh, India. It operates in the retail trading segment of the trading and commerce sector. It was incorporated on 20 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U52322CH1997PTC019473.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹2.25 Lakh. It is led by directors Parneet Walia and Pankaj Walia.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at SCO No 365 II Floor Sector 44 D Chandigarh, Chandigarh, India.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.15 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹6.09 Lakh (net margin -1.5%) and EBITDA of ₹5.54 Lakh (EBITDA margin 1.3%).
As per MCA filings, the company has open charges of ₹20 Lakh on record. Court records list 16 cases involving the company, including 12 filed by the company and 4 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website paramountfashions.com.
Company details
Contact details
Paramount Fashions Private Limited's registered office is in Chandigarh.
- Registered AddressSCO No 365 II Floor Sector 44 D Chandigarh, Chandigarh, India
- IndustryTrading, Retail Trading, Retailers
- 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
Financials of Paramount Fashions Private Limited
FY 2016 filings availableParamount Fashions Private Limited reported revenue of ₹4.15 Cr (down 26% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year. EBITDA rose 195% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹5.54 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹6.09 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.3% | |
| Net Profit Margin | -1.5% | |
| 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 Paramount Fashions Private Limited, buy the company report.
Board of directors of Paramount Fashions Private Limited
Paramount Fashions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parneet Walia | Director | 22 Feb 1997 | 29 Years 8 Months | Current |
| Pankaj Walia | Director | 22 Feb 1997 | 29 Years 8 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 May 2000 | 90180291 | Canara Bank | ₹20 Lakh | Open |
To see the full charge records of Paramount Fashions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Paramount Fashions Private Limited has 16 court cases on record: 12 filed by Paramount Fashions, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 2 | 0 |
| High courts | 5 | 2 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Execution petition | Filed against the company by Numero Uno Clothing Ltd. | Disposed |
| High Court, CHANDIGARH (UT) | Arbitration matter | Filed by the company against M/S Numero Uno Clothing Ltd. | Disposed |
| High Court, CHANDIGARH (UT) | Writ petition | Filed by the company against Numero Uno Clothing Ltd and Anr | Disposed |
| High Court, HARYANA | Arbitration matter | Filed against the company by M/S Numero Uno Clothing Ltd | Disposed |
| District court, Gurugram, Haryana | Arbitration matter | Filed by the company against Numero Uno Clothing Co. Ltd. | Disposed |
To see the full case history of Paramount Fashions 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 Paramount Fashions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Paramount Fashions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Paramount Fashions Private Limited has 3 board changes on record since 1997: 2 appointments and 1 cessation. The latest: Parneet Walia ceased to be Director on 26 Jul 2016.
Frequently asked questions
Paramount Fashions is an active private limited company based in Chandigarh, India. The company works in retail trading, within the trading industry. It was incorporated on 20 February 1997 (29+ years old) and is registered under CIN U52322CH1997PTC019473.
Paramount Fashions has 2 current directors:
- Parneet Walia - Director
- Pankaj Walia - Director
The latest financial statements of Paramount Fashions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Paramount Fashions is U52322CH1997PTC019473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paramount Fashions has 16 court cases on record: 12 filed by the company and 4 filed against it. Most are in the district courts.
Paramount Fashions was incorporated on 20 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chandigarh.
Parneet Walia ceased to be Director on 26 Jul 2016. Pankaj Walia was appointed as Director on 22 Feb 1997. Parneet Walia was appointed as Director on 22 Feb 1997.
Paramount Fashions can be reached through the website paramountfashions.com. Its registered office is in Chandigarh, India.
The registered office of Paramount Fashions is at SCO No 365 II Floor Sector 44 D Chandigarh, Chandigarh, India.
Paramount Fashions operates in the trading industry, in the retail trading segment.
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