About Praxis Tradex Private Limited
Data last updated:
Praxis Tradex Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 01 January 2009.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2009PTC189288. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹90 Lakh. It was formerly known as Praxis Insurance Broking Solutions Private Limited. It was led by directors including Laxmichand Kunverji Kenia and Nimish Laxmichand Kenia.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 208/210 Narshi Natha Street Bhat Bazar Masjid, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2015, the company reported a revenue of ₹2.11 Lakh, a decline of 83% compared to the previous year. For the same year it recorded a net profit of ₹59,054 (net margin 28%) and EBITDA of -₹1.91 Lakh (EBITDA margin -90.6%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years.
Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is praxisinsurance.com.
Company details
CIN history
Praxis Tradex has one previous CIN (Corporate Identification Number): U74900MH2009PTC189288. The current CIN is U52100MH2009PTC189288, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52100MH2009PTC189288 | Current |
| U74900MH2009PTC189288 | Previous |
Contact details
Praxis Tradex Private Limited's registered office is in Mumbai, Maharashtra. Its website is praxisinsurance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address208/210 Narshi Natha Street Bhat Bazar Masjid, Mumbai, Maharashtra, India – 400009
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Praxis Tradex 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 Praxis Tradex is trade. In detail, this covers wholesale trading and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| G | Trade | G2 | Retail Trading |
Financials of Praxis Tradex Private Limited
FY 2018 filings availablePraxis Tradex Private Limited reported revenue of ₹2.11 Lakh (down 83% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over three years, including a 83% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹2.11 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹1.91 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹59,054 |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -90.6% |
| Net Profit Margin | 28% |
| 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 Praxis Tradex Private Limited, buy the company report.
Board of directors of Praxis Tradex Private Limited
Praxis Tradex has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxmichand Kunverji Kenia Also directs: Happy Planet Amusement Private Limited | Director | 09 Jan 2009 | 17 Years 9 Months | As last reported |
| Nimish Laxmichand Kenia Also directs: Happy Planet Amusement Private Limited | Director | 01 Jan 2009 | 17 Years 10 Months | As last reported |
| Sameer Chandrakant Thacker | Director | 01 Jan 2009 | 17 Years 10 Months | As last reported |
Auditor
Praxis Tradex Private Limited is audited by Pradip Kapasi & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pradip Kapasi & Co. | FY 2015 |
Shareholding
The shareholding of Praxis Tradex Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Praxis Tradex Private Limited, buy the company report.
Legal cases
Praxis Tradex Private Limited has 2 court cases on record: 2 filed by Praxis Tradex. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed by the company against V. P. Wealth Management and One | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against V.P. Wealth Management | Disposed |
To see the full case history of Praxis Tradex 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 Praxis Tradex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Praxis Tradex 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 Praxis Tradex Private Limited, buy the company report.
Recent activity
Praxis Tradex Private Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Nimish Laxmichand Kenia ceased to be Managing Director on 22 Jul 2012.
Frequently asked questions
Praxis Tradex has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Praxis Tradex was a private limited company based in Mumbai, Maharashtra, India. The company worked in materials retail and distribution, within the metals and minerals industry. It was incorporated on 01 January 2009 and is registered under CIN U52100MH2009PTC189288. The company has been struck off by the Registrar of Companies and is no longer operational.
Praxis Tradex had 3 directors:
- Laxmichand Kunverji Kenia - Director
- Nimish Laxmichand Kenia - Director
- Sameer Chandrakant Thacker - Director
The CIN (Corporate Identification Number) of Praxis Tradex is U52100MH2009PTC189288. 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 Praxis Tradex is at 208210 Narshi Natha Street Bhat Bazar Masjid, Mumbai, Maharashtra, India – 400009.
Praxis Tradex was incorporated on 01 January 2009. It is registered with the Registrar of Companies, Mumbai.
Praxis Tradex can be reached through the website praxisinsurance.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Praxis Tradex on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Praxis Tradex has 1 GST registration on record and it is cancelled or inactive.
Praxis Tradex operated in the metals and minerals industry, in the materials retail and distribution segment. It worked in this industry before it was struck off.
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