About Praise Shipping Services Private Limited
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Praise Shipping Services Private Limited is a private limited company based in Kochi, Kerala, India. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 02 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U63090KL2005PTC018772. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Jacob Paul and Sindu Susan Jacob.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Kochi, Kerala.
As per the financials filed for FY 2019, the company reported a revenue of ₹26.3 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹8.25 Lakh (net margin -31.4%) and EBITDA of -₹2.41 Lakh (EBITDA margin -9.2%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years.
As per MCA filings, the company has open charges of ₹40 Lakh on record. Court records list 5 cases involving the company, including 5 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website praiseshippingservices.com.
Company details
CIN history
Praise Shipping Services has one previous CIN (Corporate Identification Number): U63090KL2005PLC018772. The current CIN is U63090KL2005PTC018772, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63090KL2005PTC018772 | Current |
| U63090KL2005PLC018772 | Previous |
Contact details
Praise Shipping Services Private Limited's registered office is in Kochi, Kerala. Its website is praiseshippingservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 27B Cat III 2nd Floor Handicrafts Building Indira Gandhi Road, W.Island, Kochi, Kerala, India – 682003
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Praise Shipping Services 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 Praise Shipping Services is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Praise Shipping Services Private Limited, buy the company report.
Financials of Praise Shipping Services Private Limited
FY 2020 filings availablePraise Shipping Services Private Limited reported revenue of ₹26.3 Lakh (down 4% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over three years, including a 4% fall 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 |
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| EBITDA | -₹2.41 Lakh | ||||
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| Net Profit (PAT) | -₹8.25 Lakh | ||||
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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 | -9.2% | ||||
| Net Profit Margin | -31.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Praise Shipping Services Private Limited, buy the company report.
Board of directors of Praise Shipping Services Private Limited
Praise Shipping Services 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 |
|---|---|---|---|---|
| Jacob Paul Also directs: Climate Positive Resource Foundation | Director | 11 Jan 2012 | 14 Years 9 Months | Current |
| Sindu Susan Jacob | Director | 02 Nov 2005 | 21 Years 0 Months | Current |
Peer comparison
Praise Shipping Services Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Bulk Cargo and Container, Shipping Services), with the same principal business activity (water transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ubp Logistics Private Limited | ₹26.49 Lakh (FY 2020) | -72.0% | Chennai, Tamil Nadu, India | |||
| Praise Shipping Services Private Limitedthis company | ₹26.3 Lakh (FY 2019) | -₹8.25 Lakh | -31.4% | -4.0% | Kochi, Kerala, India | |
| Mcquilling India Private Limited | ₹25.62 Lakh (FY 2025) | -35.0% | Hyderabad, Telangana, India | |||
| Cabildo Shipping Private Limited | ₹25.61 Lakh (FY 2020) | 811.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Praise Shipping Services Private Limited, buy the company report.
Auditor
Praise Shipping Services Private Limited is audited by J Joseph & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J Joseph & Associates | FY 2019 | 232181 |
Shareholding
The shareholding of Praise Shipping Services Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Praise Shipping Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2012 | 10337786 | The Federal Bank Limited | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Praise Shipping Services Private Limited has 5 court cases on record: 5 filed by Praise Shipping Services. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Ernakulam, Kerala | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against an individual | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against individuals | Disposed |
To see the full case history of Praise Shipping Services 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 Praise Shipping Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Praise Shipping Services 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 Praise Shipping Services Private Limited, buy the company report.
Recent activity
Praise Shipping Services Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Kishore Jaleel ceased to be Director on 13 Jan 2012.
Frequently asked questions
Praise Shipping Services is an active private limited company based in Kochi, Kerala, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 02 November 2005 (21+ years old) and is registered under CIN U63090KL2005PTC018772.
Praise Shipping Services has 2 current directors:
- Jacob Paul - Director
- Sindu Susan Jacob - Director
The latest financial statements of Praise Shipping Services on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Praise Shipping Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Praise Shipping Services is U63090KL2005PTC018772. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Praise Shipping Services has 5 court cases on record: 5 filed by the company.
Praise Shipping Services was incorporated on 02 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Praise Shipping Services by revenue are Ubp Logistics Private Limited, Mcquilling India Private Limited, Cabildo Shipping Private Limited, all in the Transport and Logistics industry (Bulk Cargo and Container, Shipping Services), with the same principal business activity (water transport).
Kishore Jaleel ceased to be Director on 13 Jan 2012. Jacob Paul was appointed as Director on 11 Jan 2012. Sindu Susan Jacob was appointed as Director on 02 Nov 2005.
Praise Shipping Services can be reached through the website praiseshippingservices.com. Its registered office is in Kochi, Kerala, India.
The registered office of Praise Shipping Services is at Plot No 27B Cat III 2nd Floor Handicrafts Building Indira Gandhi Road, W.Island, Kochi, Kerala, India – 682003.
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