Paramount Syntex Private Limited

This company manufactures a variety of yarns, including acrylic, blended, and fancy yarns for domestic and international markets.

1996 | Mumbai, Maharashtra (India) | Active
Last Updated: June 14, 2024

Paramount Syntex Profile

Key Indicators

  • Authorised Capital ₹ 19.00 Cr
  • Paid Up Capital ₹ 11.96 Cr
  • Company Age 28 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 44.03 Cr
  • Satisfied Charges ₹ 26.42 Cr
  • Revenue Growth 9.52%
  • Profit Growth 1641.06%
  • Ebitda 266.62%
  • Net Worth 100.14%
  • Total Assets 47.12%

About Paramount Syntex

Paramount Syntex Private Limited (PSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 March 1996 and has a history of 28 years and 11 months. Its registered office is in Mumbai, Maharashtra, 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 19.00 Cr and a paid-up capital of Rs 11.96 Cr.

The company currently has active open charges totaling ₹44.03 Cr. The company has closed loans amounting to ₹26.42 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Paramount Syntex Private Limited India is Sharad Srivastava as CFO. Sharad Srivastava, Kumkum Arora, and Puneet Arora serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17110MH1996PTC097972

  • Company No.

    097972

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Mar 1996

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Paramount Syntex Private Limited offer?

Paramount Syntex Private Limited offers a wide range of products and services, including Fire Fighting & Prevention Products, Fire Safety Wear, Yarns & Threads, Synthetic Yarn, Yarn, Sewing Threads, Laces & Accessories, Embroidered Laces, Acrylic Yarn, Cotton Lace.

Who are the key members and board of directors at Paramount Syntex?

Executive Team (1)

Name Designation Appointment Date Status
Sharad Srivastava CFO Current

Board Members (2)

Name Designation Appointment Date Status
Kumkum Arora Country flag representing In Director 24-Jul-2020 Current
Puneet Arora Country flag representing In Director 08-Jan-2008 Current

Financial Performance of Paramount Syntex.

Paramount Syntex Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.52% increase. The company also saw a substantial improvement in profitability, with a 1641.06% increase in profit. The company's net worth Soared by an impressive increase of 100.14%.

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
9.52%
Revenue from Operations
9.60%
Total Assets
47.12%
Profit or Loss
1641.06%
Net Worth
100.14%
EBITDA
266.62%

What is the Ownership and Shareholding Structure of Paramount Syntex?

In 2023, Paramount Syntex had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹44.03 Cr

Satisfied Charges

₹26.42 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 32.52 Cr
  • Axis Bank Limited : 11.51 Cr

Latest Charge Details

Date Lender Amount Status
12 Jan 2023 Hdfc Bank Limited ₹0.50 M Open
07 Apr 2022 Hdfc Bank Limited ₹6.00 M Open
17 Jul 2021 Axis Bank Limited ₹11.51 Cr Open
21 Jan 2016 Hdfc Bank Limited ₹31.87 Cr Open
16 Aug 2014 Indian Bank ₹3.00 M Satisfied

How Many Employees Work at Paramount Syntex?

Paramount Syntex has a workforce of 6 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Paramount Syntex, 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 Syntex'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 Paramount Syntex

Recent activity within the organization

  • Annual General Meeting

    Paramount Syntex Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Paramount Syntex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited of Rs. 31.87 Cr registered on 21 Jan 2016 with Charge ID 10615755 was modified on 23 Jan 2023.

    23 Jan 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.05 Cr with Charge ID 100671874 was registered on 12 Jan 2023.

    12 Jan 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.60 Cr with Charge ID 100578022 was registered on 07 Apr 2022.

    07 Apr 2022

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 11.51 Cr with Charge ID 100482546 was registered on 17 Jul 2021.

    17 Jul 2021

Frequently asked questions

  • Paramount Syntex Private Limited was incorporated on 08 Mar 1996.

  • The authorized share capital of Paramount Syntex Private Limited is ₹ 19.00 Cr and paid-up capital is ₹ 11.96 Cr.

  • Currently 4 directors are associated with Paramount Syntex Private Limited.

    • Sharad Kumar Srivastava
    • Sharad Kumar Srivastava
    • Kumkum Arora
    • Puneet Arora
  • As per Ministry of Corporate Affairs (Mca), the registered address of Paramount Syntex Private Limited is 32 Floor- 3 Plot 196/198 Bhagwan Bhuwan Hazrat Abbas Raod, Samuel Street Vadgadi Masjid Chinchbunder Princess Dock, Mumbai, Maharashtra, India, 400009.

  • The corporate identification number (CIN) of Paramount Syntex Private Limited is U17110MH1996PTC097972 and the company number is 097972 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Paramount Syntex Private Limited is https://www.paramountsyntex.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Paramount Syntex Private Limited has risen by 9.52%.

  • As Per 2023 financial reports, 6 employees are currently employed by Paramount Syntex Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Paramount Syntex Private Limited has experienced an upsurge of 100.14%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Paramount Syntex Private Limited amount to ₹ 44.03 Cr.

  • The most recent Balance Sheet for Paramount Syntex Private Limited was filed with the ROC on 31 Mar 2023.

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