Payal Credit Pvt Ltd
About Payal Credit Pvt Ltd
Data last updated:
Payal Credit Pvt Ltd was a private limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 October 1994.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U65999WB1994PTC065637.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹39.46 Lakh. It was led by directors Ashok Kumar Patwari and Vidisha Patwari.
Its last annual general meeting (AGM) was held on 20 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Ashoka House. 3A Hare Street 6th Floor Room No.602, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.75 Lakh, a decline of 73% compared to the previous year. For the same year it recorded a net profit of ₹2.72 Lakh (net margin 47.4%) and EBITDA of ₹4.61 Lakh (EBITDA margin 80.3%).
Company details
Contact details
Payal Credit Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered AddressAshoka House. 3A Hare Street 6th Floor Room No.602, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, NBFC
To see the full contact details of Payal Credit Pvt Ltd, 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 Payal Credit is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Payal Credit Pvt Ltd, buy the company report.
Financials of Payal Credit Pvt Ltd
FY 2017 filings availablePayal Credit Pvt Ltd reported revenue of ₹5.75 Lakh (down 73% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 73% in the latest year. EBITDA fell 74% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹5.75 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹4.61 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.72 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 80.3% | ||
| Net Profit Margin | 47.4% | ||
| 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 Payal Credit Pvt Ltd, buy the company report.
Board of directors of Payal Credit Pvt Ltd
Payal Credit has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Patwari | Director | 15 Jun 2001 | 25 Years 4 Months | As last reported |
| Vidisha Patwari | Director | 23 Dec 2006 | 19 Years 10 Months | As last reported |
Peer comparison
Payal Credit Pvt Ltd is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kedia Fingrowth Private Limited | ₹6.08 Lakh (FY 2022) | -87.0% | Mumbai, Maharashtra, India | |||
| Akal Finlease Limited | ₹5.83 Lakh (FY 2019) | -16.0% | Gurdaspur, Punjab, India | |||
| Ricon Commerce Ltd | ₹5.77 Lakh (FY 2021) | -45.0% | Kolkata, West Bengal, India | |||
| Pawapuri Mercantiles Pvt. Ltd. | ₹5.76 Lakh (FY 2018) | 772.0% | Kolkata, West Bengal, India | |||
| Payal Credit Pvt Ltdthis company | ₹5.75 Lakh (FY 2017) | ₹2.72 Lakh | 47.4% | -73.0% | Kolkata, West Bengal, India | |
| Genuine Buildwell Private Limited | ₹5.46 Lakh (FY 2022) | -16.0% | New Delhi, Delhi, India | |||
| HPL Securities Private Limited | ₹5.36 Lakh (FY 2025) | -98.0% | New Delhi, Delhi, India |
To see the full peer comparison of Payal Credit Pvt Ltd, buy the company report.
Auditor
Payal Credit Pvt Ltd is audited by U S AGARWAL & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U S AGARWAL & ASSOCIATES | FY 2017 | 314213E |
Shareholding
The shareholding of Payal Credit Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Payal Credit Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Payal Credit Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Payal Credit Pvt Ltd; 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 Payal Credit Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Payal Credit Pvt Ltd has 2 board changes on record since 2001: 2 appointments. The latest: Vidisha Patwari was appointed as Director on 23 Dec 2006.
Frequently asked questions
Payal Credit has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Payal Credit was a private limited company based in Kolkata, West Bengal, India. The company worked in nbfc, within the financial services industry. It was incorporated on 26 October 1994 and is registered under CIN U65999WB1994PTC065637. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Payal Credit was incorporated on 26 October 1994. It is registered with the Registrar of Companies, Kolkata.
Payal Credit had 2 directors:
- Ashok Kumar Patwari - Director
- Vidisha Patwari - Director
The CIN (Corporate Identification Number) of Payal Credit is U65999WB1994PTC065637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Payal Credit is at Ashoka House. 3A Hare Street 6th Floor Room No.602, Kolkata, West Bengal, India – 700001.
The latest financial statements of Payal Credit on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 20 September 2017. Year-wise statements from 2015 are in the company report.
Payal Credit operated in the financial services industry, in the nbfc segment.
The peers of Payal Credit by revenue are Kedia Fingrowth Private Limited, Akal Finlease Limited, Ricon Commerce Ltd, Pawapuri Mercantiles Pvt. Ltd, Genuine Buildwell Private Limited and 1 more, all in the BFSI industry (NBFC), with the same principal business activity (other financial activities).
Vidisha Patwari was appointed as Director on 23 Dec 2006. Ashok Kumar Patwari was appointed as Director on 15 Jun 2001.
Payal Credit can be reached at its registered office: Ashoka House. 3A Hare Street 6th Floor Room No.602, Kolkata, West Bengal, India – 700001.
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