Paramount Steels Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 1.49 Cr
- Company Age 43 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 15.00 Cr
- Satisfied Charges ₹ 29.14 Cr
- Revenue Growth -99.17%
- Profit Growth 74.61%
- Ebitda 85.92%
- Net Worth -11.67%
- Total Assets -5.40%
About Paramount Steels
Paramount Steels Limited (PSL) is a Public Limited Indian Non-Government Company incorporated in India on 12 June 1981 and has a history of 43 years and seven months. Its registered office is in Na, Punjab.
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 3.00 Cr and a paid-up capital of Rs 1.49 Cr.
The company currently has active open charges totaling ₹15.00 Cr. The company has closed loans amounting to ₹29.14 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Paramount Steels Limited India is Navdeep Singh as CFO. Sudershan Kumar, Sudesh Kumar, and Virender Singh serve as directors at the Company.
Company Details
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LocationNa, Punjab
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
L27109PB1981PLC021435
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Company No.
021435
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
12 Jun 1981
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Listed
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ROC Code
Roc Chandigarh
Industry
What products or services does Paramount Steels Limited offer?
Paramount Steels Limited offers a wide range of products and services, including Steel & Stainless Steel Products, Steel Products, Metal & Metal Made Products, Metal Rods, Metal Bars, Laboratory & Lab Equipment, Laboratory Stirrer, Steel Bars, Rods, Plates & Sheets, Steel Round Bars, Steel Bars.
Who are the key members and board of directors at Paramount Steels?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sudershan Kumar
|
Managing Director | 01-Aug-2010 | Current |
| Navdeep Singh | CFO | 25-May-2024 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Sudesh Kumar
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Whole-Time Director | 01-Aug-2010 | Current |
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Virender Singh
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Director | 06-Apr-2024 | Current |
Financial Performance of Paramount Steels.
Paramount Steels Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 99.17% decrease. The company also saw a substantial improvement in profitability, with a 74.61% increase in profit. The company's net worth observed a substantial decline by a decrease of 11.67%.
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What is the Ownership and Shareholding Structure of Paramount Steels?
In 2023, Paramount Steels had a promoter holding of 38.01% and a public holding of 62.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Highway Steel & Metals Private LimitedSudershan Kumar is a mutual person
Charges (Loans)
₹15.00 Cr
₹29.14 Cr
Charges Breakdown by Lending Institutions
- Corporation Bank : 10.00 Cr
- Others : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Nov 2015 | Others | ₹5.00 Cr | Open |
| 07 Feb 2014 | Corporation Bank | ₹10.00 Cr | Open |
| 07 Aug 2014 | Corporation Bank | ₹2.50 Cr | Satisfied |
| 21 Jan 2012 | Bajaj Finance Limited | ₹2.55 Cr | Satisfied |
| 06 Dec 2005 | Punjab National Bank | ₹5.00 Cr | Satisfied |
How Many Employees Work at Paramount Steels?
Paramount Steels has a workforce of 2 employees as of Apr 09, 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 Paramount Steels, 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 Steels'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.
