Paradise Power & Sponge Profile
Key Indicators
- Authorised Capital ₹ 4.00 Cr
- Paid Up Capital ₹ 4.00 Cr
- Company Age 7 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 26.48 Cr
- Revenue Growth 29.20%
- Profit Growth 108.67%
- Ebitda 20.81%
- Net Worth 7.70%
- Total Assets 33.22%
About Paradise Power & Sponge
Paradise Power & Sponge Limited (PPSL) is a Public Limited Indian Non-Government Company incorporated in India on 11 April 2017 (Seven years and ten months 23 days old ). Its registered office is in Rajkot, Gujarat, 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 4.00 Cr and a paid-up capital of Rs 4.00 Cr.
The company currently has active open charges totaling ₹26.48 Cr.
Narshibhai Nandasana, Dayabhai Nandasana, Vishal Nandasana, and Four other members serve as directors at the Company.
Company Details
- Location
Rajkot, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U28900GJ2017PLC096793
- Company No.
096793
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
11 Apr 2017
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Metals and Minerals
What products or services does Paradise Power & Sponge Limited offer?
Paradise Power & Sponge Limited offers a wide range of products and services, including Steel & Stainless Steel Products, Industrial Steel, Steel Bars, Rods, Plates & Sheets, Steel Round Bars, Steel Bars, Steel Rods, Stainless Steel Round Bar, Mild Steel Bars.
Who are the key members and board of directors at Paradise Power & Sponge?
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narshibhai Nandasana  | Director | 07-Jan-2019 | Current |
| Dayabhai Nandasana | Director | 01-Jan-2019 | Current |
| Vishal Nandasana | Director | 11-Apr-2017 | Current |
| Kirit Nandasana | Director | 11-Apr-2017 | Current |
| Vipulbhai Nandasana | Director | 11-Apr-2017 | Current |
| Komalben Nandasana | Director | 11-Apr-2017 | Current |
Financial Performance of Paradise Power & Sponge.
Paradise Power & Sponge Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 29.2% increase. The company also saw a substantial improvement in profitability, with a 108.67% increase in profit. The company's net worth moved up by a moderate rise of 7.7%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Paradise Power & Sponge?
In 2023, Paradise Power & Sponge 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)
- Paradise Iron Limited
Vishal Nandasana and Kirit Nandasana are mutual person
- Jaykirit Industries Llp
Kirit Nandasana is a mutual person
Charges (Loans)
Open Charges
₹26.48 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 9.92 Cr
- Bank Of India : 9.91 Cr
- State Bank Of India : 6.65 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2021 | Others | ₹9.92 Cr | Open |
| 29 Sep 2021 | Bank Of India | ₹9.91 Cr | Open |
| 27 Jul 2020 | State Bank Of India | ₹6.65 Cr | Open |
How Many Employees Work at Paradise Power & Sponge?
Paradise Power & Sponge has a workforce of 7 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Paradise Power & Sponge, 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 Paradise Power & Sponge'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.
Latest Updates, News, and FAQs on Paradise Power & Sponge
Recent activity within the organization
- Annual General Meeting
Paradise Power & Sponge Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Bank Of India of Rs. 9.91 Cr registered on 29 Sep 2021 with Charge ID 100509109 was modified on 13 May 2024.
- Balance Sheet
Paradise Power & Sponge Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with Others amounted to Rs. 9.92 Cr with Charge ID 100505802 was registered on 29 Oct 2021.
- Charges
A charge with Bank Of India amounted to Rs. 9.91 Cr with Charge ID 100509109 was registered on 29 Sep 2021.
- Charges
A charge with State Bank Of India amounted to Rs. 6.65 Cr with Charge ID 100360052 was registered on 27 Jul 2020.
Frequently asked questions
What is the Incorporation or founding date of Paradise Power & Sponge Limited?
Paradise Power & Sponge Limited was incorporated on 11 Apr 2017.
What is authorized share capital and paid-up capital of Paradise Power & Sponge Limited?
The authorized share capital of Paradise Power & Sponge Limited is ₹ 4.00 Cr and paid-up capital is ₹ 4.00 Cr.
Who are the current board members & directors of Paradise Power & Sponge Limited?
Currently 7 directors are associated with Paradise Power & Sponge Limited.
- Narshibhai Rukhabhai Nandasana
- Dayabhai Rukhabhai Nandasana
- Vishal Dayabhai Nandasana
- Kirit Dayalal Nandasana
- Vipulbhai Popatbhai Nandasana
- Komalben Vishalbhai Nandasana
- Mansiben Kiritbhai Nandasana
What is the registered address of Paradise Power & Sponge Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Paradise Power & Sponge Limited is Movaiya Survey No.188/P3 B/H. Essar Petroleum -Jamnagar Highway, Paddhari India, Rajkot, Gujarat, 360110.
What is the corporate identification number (CIN) and company number of Paradise Power & Sponge Limited?
The corporate identification number (CIN) of Paradise Power & Sponge Limited is U28900GJ2017PLC096793 and the company number is 096793 as per Ministry of Corporate Affairs (MCA).
What is the official website of Paradise Power & Sponge Limited?
The Official website of Paradise Power & Sponge Limited is https://www.theparadise.in
What has been the recent revenue trend for Paradise Power & Sponge Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Paradise Power & Sponge Limited has risen by 29.20%.
How many employees does Paradise Power & Sponge Limited currently have?
As Per 2023 financial reports, 7 employees are currently employed by Paradise Power & Sponge Limited.
What change has been observed in the net worth of Paradise Power & Sponge Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Paradise Power & Sponge Limited has experienced an upsurge of 7.70%.
What are the total open charges for Paradise Power & Sponge Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Paradise Power & Sponge Limited amount to ₹ 26.48 Cr.
When was the last Balance Sheet of Paradise Power & Sponge Limited filed with the ROC?
The most recent Balance Sheet for Paradise Power & Sponge Limited was filed with the ROC on 31 Mar 2024.
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