Parasmani Polymers LLP
About Parasmani Polymers LLP
Data last updated:
Parasmani Polymers LLP is a limited liability partnership (LLP) based in Ahmedabad, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 25 September 2014 and has been in existence for over 12 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAC-7556. Its GSTIN is 24AAJFC8059Q1ZR (Gujarat).
The LLP has a total obligation of contribution of ₹40 Lakh. It was formerly known as Parasdeep Industries Llp and Citizen Coprod Llp. It is led by designated partners Rasilaben Pareshkumar Shah and Jainamkumar Pareshkumar Shah.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2019, the LLP reported a revenue of ₹29.71 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹8.76 Lakh (net margin 0.3%) and EBITDA of ₹30.37 Cr (EBITDA margin 102.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
As per MCA filings, the LLP has open charges of ₹34.08 Cr and satisfied charges of ₹30.16 Cr on record. Court records list 7 cases involving the LLP, including 6 filed by the LLP and 1 filed against it; 1 case is pending.
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- Registered Address1008 10th Floor Sukhsagar Complex, Nr. Hotel Fortune Landmark Usmanpura, Ahmedabad, Gujarat, India – 380013
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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
- One PDF report, delivered after checkout
Financials of Parasmani Polymers LLP FY 2025 filings available
Parasmani Polymers LLP reported revenue of ₹29.71 Cr (down 15% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Parasmani Polymers LLP
Revenue fell 15% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 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 of Parasmani Polymers LLP
| Statement of Account and Solvency | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | ₹29.71 Cr | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹8.76 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Parasmani Polymers LLP
| Statement of Account and Solvency | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Parasmani Polymers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Parasmani Polymers LLP
Auditor information for Parasmani Polymers LLP provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Designated Partners of Parasmani Polymers LLP
Parasmani Polymers has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rasilaben Pareshkumar Shah | Designated Partner | 25 Sep 2014 | 12 Years 0 Months | Current |
| Jainamkumar Pareshkumar Shah | Designated Partner | 01 Aug 2019 | 7 Years 2 Months | Current |
Ownership and Shareholding of Parasmani Polymers LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Parasmani Polymers LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Apr 2024 | State Bank of India | ₹29.39 Cr | Open |
| 16 May 2023 | State Bank of India | ₹4.69 Cr | Open |
| 29 Oct 2021 | Punjab National Bank | ₹35 Lakh | Satisfied |
| 10 Jun 2020 | Punjab National Bank | ₹71.2 Lakh | Satisfied |
| 01 Apr 2017 | Punjab National Bank | ₹20.95 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Parasmani Polymers LLP
Parasmani Polymers LLP has 7 court cases on record: 6 filed by Parasmani Polymers, 1 filed against it. 1 case is pending and 6 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Utopia Exim Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Utopia Exim Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Utopia Exim Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Utopia Exim Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Jai Matadi Enterprises | Pending |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Parasmani Polymers LLP
Employment history and EPFO contributions of people linked to Parasmani Polymers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Parasmani Polymers LLP
Parasmani Polymers has undergone 2 name changes throughout its history. The company was previously known as Parasdeep Industries Llp, and Citizen Coprod Llp. The current legal name is Parasmani Polymers Llp.
| Company Name | Status |
|---|---|
| Parasmani Polymers LLP | Current |
| Parasdeep Industries Llp | Previous |
| Citizen Coprod Llp | Previous |
Recent Activity on Parasmani Polymers LLP
Parasmani Polymers LLP has 3 designated partner changes on record since 2014: 2 appointments and 1 cessation. The latest: Jainamkumar Pareshkumar Shah was appointed as Designated Partner on 01 Aug 2019.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Parasmani Polymers LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Parasmani Polymers LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Parasmani Polymers LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Parasmani Polymers LLP
Parasmani Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJFC8059Q1ZR | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Parasmani Polymers LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Parasmani Polymers LLP
Parasmani Polymers is an active limited liability partnership based in Ahmedabad, Gujarat, India. The LLP works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 25 September 2014 (12+ years old) and is registered under LLPIN AAC-7556.
Parasmani Polymers reported revenue of ₹29.71 Cr for FY 2019 (down 15% YoY).
Parasmani Polymers has 2 current designated partners:
- Rasilaben Pareshkumar Shah - Designated Partner
- Jainamkumar Pareshkumar Shah - Designated Partner
Parasmani Polymers reported a net profit of ₹8.76 Lakh (net margin 0.3%) and EBITDA of ₹30.37 Cr (EBITDA margin 102.2%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Parasmani Polymers is 24% over three years. In the latest year (FY 2019) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Parasmani Polymers is 24AAJFC8059Q1ZR, registered in Gujarat.
The LLPIN (Limited Liability Partnership Identification Number) of Parasmani Polymers is AAC-7556. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Parasmani Polymers has 7 court cases on record: 6 filed by the LLP and 1 filed against it. 1 is pending. Most are in the district courts.
Parasmani Polymers was incorporated on 25 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jainamkumar Pareshkumar Shah was appointed as Designated Partner on 01 Aug 2019. Pareshkumar Shivlal Shah ceased to be Designated Partner on 01 Aug 2019. Rasilaben Pareshkumar Shah was appointed as Designated Partner on 25 Sep 2014.