Palak Textile Mills Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 4.74 M
- Company Age 12 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 13.96 Cr
- Satisfied Charges ₹ 9.65 Cr
- Revenue Growth -12.76%
- Profit Growth -10.59%
- Ebitda 0.82%
- Net Worth 6.24%
- Total Assets -0.12%
About Palak Textile Mills
Palak Textile Mills Private Limited (PTMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 February 2012 and has a history of 12 years and 11 months. Its registered office is in Ludhiana, Punjab, India.
The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 4.74 M.
The company currently has active open charges totaling ₹13.96 Cr. The company has closed loans amounting to ₹9.65 Cr, as per Ministry of Corporate Affairs (MCA) records.
Pawan Kalra, Bhupesh Kalra, Veena Kalra, and One other member serve as directors at the Company.
Company Details
-
Location
Ludhiana, Punjab, India
-
Telephone
+91-XXXXXXXXXX
-
Email Address
-
Website
-
-
Social Media-
Corporate Identity Details
-
CIN/LLPIN
U17290PB2012PTC035961
-
Company No.
035961
-
Company Classification
Private Limited Indian Non-Government Company
-
Incorporation Date
22 Feb 2012
-
Date of AGM
30 Sep 2023
-
Date of Balance Sheet
31 Mar 2023
-
Listing Status
Unlisted
-
ROC Code
Roc Chandigarh
Industry
Who are the key members and board of directors at Palak Textile Mills?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pawan Kalra
|
Director | 22-Feb-2012 | Current |
|
Bhupesh Kalra
|
Director | 22-Feb-2012 | Current |
|
Veena Kalra
|
Director | 22-Dec-2017 | Current |
|
Priyanka Kalra
|
Director | 22-Dec-2017 | Current |
Financial Performance of Palak Textile Mills.
Palak Textile Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 12.76% decrease. The company also saw a substantial fall in profitability, with a 10.59% decrease in profit. The company's net worth moved up by a moderate rise of 6.24%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Palak Textile Mills?
In 2023, Palak Textile Mills had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
-
Aarush Shiva Spinners Private LimitedPawan Kalra and Bhupesh Kalra are mutual person
Charges (Loans)
₹13.96 Cr
₹9.65 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 12.71 Cr
- Others : 1.05 Cr
- Hdfc Bank Limited : 0.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Feb 2023 | Hdfc Bank Limited | ₹2.00 M | Open |
| 16 Jun 2021 | Axis Bank Limited | ₹2.40 Cr | Open |
| 18 Sep 2020 | Axis Bank Limited | ₹5.50 M | Open |
| 21 Jul 2020 | Others | ₹1.05 Cr | Open |
| 16 Oct 2019 | Axis Bank Limited | ₹1.25 Cr | Open |
How Many Employees Work at Palak Textile Mills?
Unlock and access historical data on people associated with Palak Textile Mills, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Palak Textile Mills, 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 Textile Mills's trajectory.
Rating
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
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.