Palak Agency Private Limited

Iron and steel trading and distribution company based in Mumbai, established in 1998.

1998 | Mumbai, Maharashtra (India) | Active
Last Updated:

Palak Agency Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 2.68 M
  • Company Age 26 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 675.00 Cr
  • Satisfied Charges ₹ 295.00 Cr
  • Revenue Growth -7.75%
  • Profit Growth 5601.19%
  • Ebitda -605.85%
  • Net Worth 1.88%
  • Total Assets -7.28%

About Palak Agency

Palak Agency Private Limited (PAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 19 June 1998 and has a history of 26 years and nine months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 2.68 M.

The company currently has active open charges totaling ₹675.00 Cr. The company has closed loans amounting to ₹295.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Surendra Sharma and Sushil Dham serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51100MH1998PTC115425

  • Company No.

    115425

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    19 Jun 1998

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Metals and Minerals

Who are the key members and board of directors at Palak Agency?

Board Members (2)

NameDesignationAppointment DateStatus
Surendra Sharma Country flag representing In Director 31-Jan-2022Current
Sushil Dham Country flag representing In Director 31-Jan-2022Current

Financial Performance of Palak Agency.

Palak Agency Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 7.75% decrease. The company also saw a substantial improvement in profitability, with a 5601.19% increase in profit. The company's net worth moved up by a moderate rise of 1.88%.

Palak Agency revenue growth over time
Palak Agency profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-7.75%
Revenue from Operations
-51.89%
Total Assets
-7.28%
Profit or Loss
5601.19%
Net Worth
1.88%
EBITDA
-605.85%

What is the Ownership and Shareholding Structure of Palak Agency?

In 2023, Palak Agency had a public holding of 0.67%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹675.00 Cr

Satisfied Charges

₹295.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 675.00 Cr

Latest Charge Details

DateLenderAmountStatus
15 Jun 2019Others₹250.00 CrOpen
20 May 2017Others₹150.00 CrOpen
08 Feb 2017Others₹275.00 CrOpen
17 Jun 2015Punjab And Maharashtra Co-Operative Bank Limited₹65.00 CrSatisfied
01 Apr 2015Rbl Bank Limited₹180.00 CrSatisfied

How Many Employees Work at Palak Agency?

Unlock and access historical data on people associated with Palak Agency, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Palak Agency Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Palak Agency, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Palak Agency's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Palak Agency

Recent activity within the organization

  • Annual General Meeting

    Palak Agency Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Palak Agency Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Others of Rs. 275.00 Cr registered on 08 Feb 2017 with Charge ID 100081393 was modified on 16 Mar 2024.

  • Director Appointment

    Surendra Deepchand Sharma was appointed as a Director was appointed as a Director on 31 Jan 2022 & has been associated with this company since 3 years 1 month .

  • Director Appointment

    Sushil Kumar Dham was appointed as a Director was appointed as a Director on 31 Jan 2022 & has been associated with this company since 3 years 1 month .

  • Charges

    A charge with Others amounted to Rs. 250.00 Cr with Charge ID 100273453 was registered on 15 Jun 2019.

Frequently asked questions

  • What is the Incorporation or founding date of Palak Agency Private Limited?

    Palak Agency Private Limited was incorporated on 19 Jun 1998.

  • What is authorized share capital and paid-up capital of Palak Agency Private Limited?

    The authorized share capital of Palak Agency Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 2.68 M.

  • Who are the current board members & directors of Palak Agency Private Limited?

    Currently 2 directors are associated with Palak Agency Private Limited.

    • Surendra Deepchand Sharma
    • Sushil Kumar Dham

  • What is the registered address of Palak Agency Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Palak Agency Private Limited is 533 Nav Vyapar Bhavan 49 P D'Mello Road Carnac Bunder, India, Mumbai, Maharashtra, 400009.

  • What is the corporate identification number (CIN) and company number of Palak Agency Private Limited?

    The corporate identification number (CIN) of Palak Agency Private Limited is U51100MH1998PTC115425 and the company number is 115425 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Palak Agency Private Limited?

    The Official website of Palak Agency Private Limited is https://www.palakagency.com

  • What has been the recent revenue trend for Palak Agency Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Palak Agency Private Limited has fallen by -7.75%.

  • What change has been observed in the net worth of Palak Agency Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Palak Agency Private Limited has experienced an upsurge of 1.88%.

  • What are the total open charges for Palak Agency Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Palak Agency Private Limited amount to ₹ 675.00 Cr.

  • When was the last Balance Sheet of Palak Agency Private Limited filed with the ROC?

    The most recent Balance Sheet for Palak Agency Private Limited was filed with the ROC on 31 Mar 2024.

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