Patel Promotions Private Limited
About Patel Promotions Private Limited
Data last updated:
Patel Promotions Private Limited was a private limited company based in Indore, Madhya Pradesh, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the agricultural products distribution segment of the agriculture sector. It was incorporated on 17 July 2006.
The company was registered with the Registrar of Companies (ROC), Gwalior, under CIN U01132MP2006PTC018788. Its GSTIN is 23AADCP9791K1ZV (Madhya Pradesh).
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 304 Nariman Point Building 96 Maharani Road, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.94 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹8.48 Lakh (net margin 2.2%) and EBITDA of ₹9.67 Lakh (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.
As per MCA filings, the company has satisfied charges of ₹5.56 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Company details
Contact details
Patel Promotions Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address304 Nariman Point Building 96 Maharani Road, Indore, Madhya Pradesh, India – 452001
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Patel Promotions 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 Patel Promotions 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 Patel Promotions Private Limited, buy the company report.
Financials of Patel Promotions Private Limited
FY 2021 filings availablePatel Promotions Private Limited reported revenue of ₹3.94 Cr (up 9% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 9% growth in the latest year. EBITDA fell 14% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.94 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.48 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Patel Promotions Private Limited, buy the company report.
Board of directors of Patel Promotions Private Limited
Patel Promotions has 4 former directors on record and no current directors listed.
Peer comparison
Patel Promotions Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Agro 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 |
|---|---|---|---|---|---|---|
| Freshncrunch Private Limited | ₹3.96 Cr (FY 2019) | Hyderabad, Telangana, India | ||||
| Patel Promotions Private Limitedthis company | ₹3.94 Cr (FY 2021) | ₹8.48 Lakh | 2.2% | 9.0% | Indore, Madhya Pradesh, India | |
| Imexture Trade India Private Limited | ₹3.94 Cr (FY 2024) | 624.0% | Brahmapur, Odisha, India | |||
| Vfresh Trading Private Limited | ₹3.94 Cr (FY 2023) | 22.0% | Noida, Uttar Pradesh, India | |||
| Neelkanth Conclave Private Limited | ₹3.92 Cr (FY 2023) | -83.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Patel Promotions Private Limited, buy the company report.
Auditor
Patel Promotions Private Limited is audited by N PARIK & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N PARIK & CO | FY 2021 | 020314C |
Shareholding
The shareholding of Patel Promotions Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Patel Promotions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2019 | 100308643 | Axis Bank Limited | ₹64.43 Lakh | Satisfied | |
| 22 Sep 2016 | 100063544 | State Bank of India | ₹4.92 Cr | Satisfied |
To see the full charge records of Patel Promotions Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Patel Promotions Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jhalawar, Rajasthan | Criminal case | Filed against the company by State App | Pending |
| District court, Jhalawar, Rajasthan | Criminal case | Filed against the company by State App | Disposed |
To see the full case history of Patel Promotions 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 Patel Promotions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Patel Promotions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCP9791K1ZV | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Patel Promotions Private Limited, buy the company report.
Recent activity
Patel Promotions Private Limited has 4 board changes on record since 2019: 0 appointments and 4 cessations. The latest: Parivesh Patel ceased to be Director on 22 Nov 2021.
Frequently asked questions
Patel Promotions has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Patel Promotions was a private limited company based in Indore, Madhya Pradesh, India. The company worked in agro retail and distribution, within the agriculture industry. It was incorporated on 17 July 2006 and is registered under CIN U01132MP2006PTC018788. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Patel Promotions is U01132MP2006PTC018788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Patel Promotions was incorporated on 17 July 2006. It is registered with the Registrar of Companies, Gwalior.
The registered office of Patel Promotions is at 304 Nariman Point Building 96 Maharani Road, Indore, Madhya Pradesh, India – 452001.
The latest financial statements of Patel Promotions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Patel Promotions is 23AADCP9791K1ZV, registered in Madhya Pradesh.
Patel Promotions operated in the agriculture industry, in the agro retail and distribution segment.
The peers of Patel Promotions by revenue are Freshncrunch Private Limited, Imexture Trade India Private Limited, Vfresh Trading Private Limited, Neelkanth Conclave Private Limited, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading).
Patel Promotions has 2 court cases on record: 2 filed against it. 1 is pending.
Parivesh Patel ceased to be Director on 22 Nov 2021. Viharita Ben Patel ceased to be Director on 22 Nov 2021. Vijaykumar Rambhai Patel ceased to be Director on 22 Nov 2021. Patel Promotions has 4 board changes on record in total.