Palak Creation Private Limited

Specializes in trading denim fabric, offering a variety of options from top mills.

1996 | Delhi (India) | Active
Last Updated: January 01, 2025

Palak Creation Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.99 M
  • Company Age 28 Year, 10 Months
  • Last Filing with ROC 31 Mar 2022
  • Satisfied Charges ₹ 1.60 M
  • Revenue Growth 2.38%
  • Profit Growth -22.66%
  • Ebitda -13.11%
  • Net Worth 2.06%
  • Total Assets -0.07%

About Palak Creation

Palak Creation Private Limited (PCPL) is a Private Limited Indian Non-Government Company incorporated in India on 13 March 1996 and has a history of 28 years and ten months. Its registered office is in Delhi, India.

The Company is engaged in the Home & Lifestyle Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.99 M.

The company has closed loans amounting to ₹1.60 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Geeti Gupta and Devesh Gupta serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U17226DL1996PTC077111

  • Company No.

    077111

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 Mar 1996

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Home & Lifestyle

What products or services does Palak Creation Private Limited offer?

Palak Creation Private Limited offers a wide range of products and services, including Apparel Fabrics & Clothing Textiles, Apparel Denim Fabric, Natural Fabric, Synthetic Fabric, Apparel & Clothing Fabric, Cotton Textile.

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

Board Members (2)

Name Designation Appointment Date Status
Geeti Gupta Country flag representing In Director 30-Sep-2024 Current
Devesh Gupta Country flag representing In Director 15-Jun-2021 Current

Financial Performance of Palak Creation.

Palak Creation Private Limited, for the financial year ended 2019, experienced modest growth in revenue, with a 2.38% increase. The company also saw a substantial fall in profitability, with a 22.66% decrease in profit. The company's net worth moved up by a moderate rise of 2.06%.

Graph illustrating revenue growth over time
Graph showing 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
2.38%
Revenue from Operations
2.38%
Total Assets
-0.07%
Profit or Loss
-22.66%
Net Worth
2.06%
EBITDA
-13.11%

What is the Ownership and Shareholding Structure of Palak Creation?

In 2021, Palak Creation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹1.60 M

Charges Breakdown by Lending Institutions

  • State Bank Of India : 0.16 Cr

Latest Charge Details

Date Lender Amount Status
31 Oct 2002 State Bank Of India ₹1.60 M Satisfied

How Many Employees Work at Palak Creation?

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

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Palak Creation, 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 Creation'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 Creation

Recent activity within the organization

  • Director Appointment

    Geeti Gupta was appointed as a Director was appointed as a Director on 30 Sep 2024 & has been associated with this company since 4 months 12 days .

    30 Sep 2024

  • Annual General Meeting

    Palak Creation Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

    30 Sep 2022

  • Balance Sheet

    Palak Creation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Delhi.

    31 Mar 2022

  • Director Appointment

    Devesh Gupta was appointed as a Director was appointed as a Director on 15 Jun 2021 & has been associated with this company since 3 years 7 months .

    15 Jun 2021

  • Charges

    A charge registered on 31 Oct 2002 via Charge ID 90057899 with State Bank Of India was fully satisfied on 08 Oct 2020.

    08 Oct 2020

  • Charges

    A charge with State Bank Of India of Rs. 1.60 M registered on 31 Oct 2002 with Charge ID 90057899 was modified on 29 Dec 2015.

    29 Dec 2015

Frequently asked questions

  • Palak Creation Private Limited was incorporated on 13 Mar 1996.

  • The authorized share capital of Palak Creation Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.99 M.

  • Currently 2 directors are associated with Palak Creation Private Limited.

    • Geeti Gupta
    • Devesh Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Palak Creation Private Limited is 10 Ground Floor 877 Ashoka Palace East Park Road, Karol Bagh India, New Delhi, 110005.

  • The corporate identification number (CIN) of Palak Creation Private Limited is U17226DL1996PTC077111 and the company number is 077111 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Palak Creation Private Limited is https://www.palakcreation.in

  • According to the financial reports for the fiscal year 2019, the revenue trend for Palak Creation Private Limited has risen by 2.38%.

  • The financial reports for the fiscal year 2019 indicates that The net worth of Palak Creation Private Limited has experienced an upsurge of 2.06%.

  • The most recent Balance Sheet for Palak Creation Private Limited was filed with the ROC on 31 Mar 2022.

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