Paramount Automotives Profile
Key Indicators
- Authorised Capital ₹ 1.20 Cr
- Paid Up Capital ₹ 1.04 Cr
- Company Age 16 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 21.20 Cr
- Satisfied Charges ₹ 4.00 Cr
- Revenue Growth 50.65%
- Profit Growth 45.65%
- Ebitda 39.11%
- Net Worth 16.17%
- Total Assets 27.25%
About Paramount Automotives
Paramount Automotives Private Limited (PAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 30 May 2008 and has a history of 16 years and nine months. Its registered office is in Koraput, Odisha, India.
The Company is engaged in the Automotive 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 1.20 Cr and a paid-up capital of Rs 1.04 Cr.
The company currently has active open charges totaling ₹21.20 Cr. The company has closed loans amounting to ₹4.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Achhar Bhumber, Talabjit Bhumber, and Tejinder Bhumber serve as directors at the Company.
Company Details
- Location
Koraput, Odisha, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51109OR2008PTC010067
- Company No.
010067
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
30 May 2008
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Cuttack
Industry
Automotive
What products or services does Paramount Automotives Private Limited offer?
Paramount Automotives Private Limited offers a wide range of products and services, including Commercial Vehicles & Three Wheelers, Trucks, Pickup Trucks, Mahindra Bolero Pickup.
Who are the key members and board of directors at Paramount Automotives?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Achhar Bhumber  | Director | 30-May-2008 | Current |
| Talabjit Bhumber | Director | 30-May-2008 | Current |
| Tejinder Bhumber | Director | 18-Mar-2010 | Current |
Financial Performance of Paramount Automotives.
Paramount Automotives Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 50.65% increase. The company also saw a substantial improvement in profitability, with a 45.65% increase in profit. The company's net worth Soared by an impressive increase of 16.17%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Paramount Automotives?
In 2022, Paramount Automotives 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)
- Shivshakti Oils Private Limited
Achhar Bhumber is a mutual person
- Paramount Earthmovers Private Limited
Achhar Bhumber, Talabjit Bhumber and 1 more are mutual person
Charges (Loans)
Open Charges
₹21.20 Cr
Satisfied Charges
₹4.00 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 21.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2010 | State Bank Of India | ₹21.20 Cr | Open |
| 24 Jul 2012 | Indusind Bank | ₹1.00 Cr | Satisfied |
| 28 Nov 2010 | Indusind Bank Ltd. | ₹3.00 Cr | Satisfied |
How Many Employees Work at Paramount Automotives?
Unlock and access historical data on people associated with Paramount Automotives, 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 Paramount Automotives, 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 Paramount Automotives'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 Paramount Automotives
Recent activity within the organization
- Annual General Meeting
Paramount Automotives Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Paramount Automotives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Cuttack.
- Charges
A charge with State Bank Of India of Rs. 21.20 Cr registered on 31 Mar 2010 with Charge ID 10213776 was modified on 24 Feb 2023.
- Charges
A charge registered on 24 Jul 2012 via Charge ID 10373143 with Indusind Bank was fully satisfied on 16 Apr 2013.
- Charges
A charge registered on 28 Nov 2010 via Charge ID 10255173 with Indusind Bank Ltd. was fully satisfied on 16 Apr 2013.
- Charges
A charge with Indusind Bank Ltd. of Rs. 3.00 Cr registered on 28 Nov 2010 with Charge ID 10255173 was modified on 07 Dec 2012.
Frequently asked questions
What is the Incorporation or founding date of Paramount Automotives Private Limited?
Paramount Automotives Private Limited was incorporated on 30 May 2008.
What is authorized share capital and paid-up capital of Paramount Automotives Private Limited?
The authorized share capital of Paramount Automotives Private Limited is ₹ 1.20 Cr and paid-up capital is ₹ 1.04 Cr.
Who are the current board members & directors of Paramount Automotives Private Limited?
Currently 3 directors are associated with Paramount Automotives Private Limited.
- Achhar Singh Bhumber
- Talabjit Singh Bhumber
- Tejinder Singh Bhumber
What is the registered address of Paramount Automotives Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Paramount Automotives Private Limited is Bye Pass Road India, Jeypore, Orissa, 764001.
What is the corporate identification number (CIN) and company number of Paramount Automotives Private Limited?
The corporate identification number (CIN) of Paramount Automotives Private Limited is U51109OR2008PTC010067 and the company number is 010067 as per Ministry of Corporate Affairs (MCA).
What is the official website of Paramount Automotives Private Limited?
The Official website of Paramount Automotives Private Limited is https://www.paramountautomotives.co.in
What has been the recent revenue trend for Paramount Automotives Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Paramount Automotives Private Limited has risen by 50.65%.
What change has been observed in the net worth of Paramount Automotives Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Paramount Automotives Private Limited has experienced an upsurge of 16.17%.
What are the total open charges for Paramount Automotives Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Paramount Automotives Private Limited amount to ₹ 21.20 Cr.
When was the last Balance Sheet of Paramount Automotives Private Limited filed with the ROC?
The most recent Balance Sheet for Paramount Automotives Private Limited was filed with the ROC on 31 Mar 2023.