Paraskar Auto World Private Limited
About Paraskar Auto World Private Limited
Data last updated:
Paraskar Auto World Private Limited is a private limited company based in Akola, Maharashtra, India. It operates in the passenger vehicles segment of the automotive sector. It was incorporated on 14 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U34102MH2007PTC174141. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors Paraskar Vandana and Vivek Ramrao Paraskar.
Its last annual general meeting (AGM) was held on 31 October 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Akola, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹34.43 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹41.08 Lakh (net margin 1.2%) and EBITDA of ₹2.67 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹18 Cr on record. Court records list 17 cases involving the company, including 5 filed by the company and 12 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Paraskar Auto World Private Limited's registered office is in Akola, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressParaskar Hyundai Showroom Paraskar Estate In Front Of Radhaswami Satsang Balapur, Road, Akola, Maharashtra, India – 444001
- IndustryAutomotive, Passenger Vehicles
To see the full contact details of Paraskar Auto World 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 Paraskar Auto World is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Paraskar Auto World Private Limited, buy the company report.
Financials of Paraskar Auto World Private Limited
FY 2019 filings availableParaskar Auto World Private Limited reported revenue of ₹34.43 Cr (down 26% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 15% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹34.43 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹41.08 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Paraskar Auto World Private Limited, buy the company report.
Board of directors of Paraskar Auto World Private Limited
Paraskar Auto World has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paraskar Vandana | Director | 20 Nov 2020 | 5 Years 11 Months | Current |
| Vivek Ramrao Paraskar | Director | 14 Sep 2007 | 19 Years 1 Months | Current |
Auditor
Paraskar Auto World Private Limited is audited by MAITRA J & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAITRA J & CO | FY 2019 | 119676W |
Shareholding
The shareholding of Paraskar Auto World Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Paraskar Auto World Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2015 | 10565810 | Others | ₹7.5 Cr | Open | |
| 17 Oct 2014 | 10536371 | Reliance Capital Ltd | ₹1 Cr | Open | |
| 13 Mar 2014 | 10508115 | Reliance Capital Ltd | ₹3.5 Cr | Open | |
| 19 Jul 2013 | 10439778 | Others | ₹1 Cr | Open | |
| 19 Oct 2007 | 10079372 | Allahabad Bank | ₹5 Cr | Open |
To see the full charge records of Paraskar Auto World Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Paraskar Auto World Private Limited has 17 court cases on record: 5 filed by Paraskar Auto World, 12 filed against it. 6 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 12 | 6 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Reliance Commercial Finance Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Reliance Commercial Finance Pvt Ltd Through Manish Eknath Morankar | Pending |
| Bombay High Court | Writ petition | Filed by the company against Authum Investment and Infrastructure Ltd | Disposed |
| Bombay High Court | Court case (APPW) | Filed by the company against Authum Investment and Infrastructure Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Reliance Commercial Finance Limited | Disposed |
To see the full case history of Paraskar Auto World 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 Paraskar Auto World Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paraskar Auto World 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 Paraskar Auto World Private Limited, buy the company report.
Recent activity
Paraskar Auto World Private Limited has 6 board changes on record since 2007: 2 appointments and 4 cessations. The latest: Paraskar Vandana was appointed as Director on 20 Nov 2020.
5 earlier events are in the company report.
Frequently asked questions
Paraskar Auto World is an active private limited company based in Akola, Maharashtra, India. The company works in passenger vehicles, within the automotive industry. It was incorporated on 14 September 2007 (19+ years old) and is registered under CIN U34102MH2007PTC174141.
Paraskar Auto World has 2 current directors:
- Paraskar Vandana - Director
- Vivek Ramrao Paraskar - Director
The latest financial statements of Paraskar Auto World on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 October 2019. Year-wise statements from 2015 are in the company report.
No. Paraskar Auto World has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Paraskar Auto World is U34102MH2007PTC174141. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paraskar Auto World has 17 court cases on record: 5 filed by the company and 12 filed against it. 6 are pending. Most are in the district courts.
Paraskar Auto World was incorporated on 14 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Nagpur.
Paraskar Vandana was appointed as Director on 20 Nov 2020. Ram Vivek Paraskar ceased to be Director on 20 Nov 2020. Pooja Omprakash Rohada ceased to be Director on 02 Jul 2018. Paraskar Auto World has 6 board changes on record in total.
The registered office of Paraskar Auto World is at Paraskar Hyundai Showroom Paraskar Estate In Front Of Radhaswami Satsang Balapur, Road, Akola, Maharashtra, India – 444001.
Paraskar Auto World operates in the automotive industry, in the passenger vehicles segment.