Paras Ispat Limited

Steel trading and manufacturing company with various plants and mills for processing and production.

2006 | Kolkata, West Bengal (India) | Active
Last Updated:

Paras Ispat Profile

Key Indicators

  • Authorised Capital ₹ 10.10 Cr
  • Paid Up Capital ₹ 10.10 Cr
  • Company Age 18 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 452.84 Cr
  • Revenue Growth -2.46%
  • Profit Growth -148927.66%
  • Ebitda -433715.41%
  • Net Worth -24.27%
  • Total Assets -23.59%

About Paras Ispat

Paras Ispat Limited (PIL) is a Public Limited Indian Non-Government Company incorporated in India on 07 November 2006 and has a history of 18 years and three months. Its registered office is in Kolkata, West Bengal, 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 2023. It's a company limited by shares with an authorized capital of Rs 10.10 Cr and a paid-up capital of Rs 10.10 Cr.

The company currently has active open charges totaling ₹452.84 Cr.

Nishant Nirbhay, Ankit Mihariya, and Usha Kumari serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    parassteels.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27109WB2006PLC111698

  • Company No.

    111698

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Nov 2006

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Metals and Minerals

Who are the key members and board of directors at Paras Ispat?

Board Members (3)

NameDesignationAppointment DateStatus
Nishant Nirbhay Country flag representing In Additional Director 17-May-2024Current
Ankit Mihariya Country flag representing In Director 16-Feb-2022Current
Usha Kumari Country flag representing In Director 17-Dec-2022Current

Financial Performance of Paras Ispat.

Paras Ispat Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 2.46% decrease. The company also saw a substantial fall in profitability, with a 148927.66% decrease in profit. The company's net worth observed a substantial decline by a decrease of 24.27%.

Paras Ispat revenue growth over time
Paras Ispat 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
-2.46%
Revenue from Operations
-2.46%
Total Assets
-23.59%
Profit or Loss
-148927.66%
Net Worth
-24.27%
EBITDA
-433715.41%

What is the Ownership and Shareholding Structure of Paras Ispat?

In 2023, Paras Ispat had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹452.84 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 232.30 Cr
  • Sbicap Trustee Company Limited : 220.54 Cr

Latest Charge Details

DateLenderAmountStatus
19 Jun 2018Sbicap Trustee Company Limited₹220.54 CrOpen
09 Mar 2015State Bank Of India₹232.30 CrOpen

How Many Employees Work at Paras Ispat?

Unlock and access historical data on people associated with Paras Ispat, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Paras Ispat Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Paras Ispat, 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 Paras Ispat'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 Paras Ispat

Recent activity within the organization

  • Director Appointment

    Nishant Kumar Nirbhay was appointed as a Additional Director was appointed as a Additional Director on 17 May 2024 & has been associated with this company since 9 months 18 days .

  • Annual General Meeting

    Paras Ispat Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Paras Ispat Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

  • Director Appointment

    Usha Kumari was appointed as a Director was appointed as a Director on 17 Dec 2022 & has been associated with this company since 2 years 2 months .

  • Director Appointment

    Ankit Kumar Mihariya was appointed as a Director was appointed as a Director on 16 Feb 2022 & has been associated with this company since 3 years 17 days .

  • Charges

    A charge with Sbicap Trustee Company Limited amounted to Rs. 220.54 Cr with Charge ID 100192192 was registered on 19 Jun 2018.

Frequently asked questions

  • What is the Incorporation or founding date of Paras Ispat Limited?

    Paras Ispat Limited was incorporated on 07 Nov 2006.

  • What is authorized share capital and paid-up capital of Paras Ispat Limited?

    The authorized share capital of Paras Ispat Limited is ₹ 10.10 Cr and paid-up capital is ₹ 10.10 Cr.

  • Who are the current board members & directors of Paras Ispat Limited?

    Currently 3 directors are associated with Paras Ispat Limited.

    • Nishant Kumar Nirbhay
    • Ankit Kumar Mihariya
    • Usha Kumari

  • What is the registered address of Paras Ispat Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Paras Ispat Limited is 14C, M.D. Road 3Rd Floor India, Kolkata, West Bengal, 700007.

  • What is the corporate identification number (CIN) and company number of Paras Ispat Limited?

    The corporate identification number (CIN) of Paras Ispat Limited is U27109WB2006PLC111698 and the company number is 111698 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Paras Ispat Limited?

    The Official website of Paras Ispat Limited is https://www.parassteels.com

  • What has been the recent revenue trend for Paras Ispat Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Paras Ispat Limited has fallen by -2.46%.

  • What change has been observed in the net worth of Paras Ispat Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Paras Ispat Limited has experienced an downturn of -24.27%.

  • What are the total open charges for Paras Ispat Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Paras Ispat Limited amount to ₹ 452.84 Cr.

  • When was the last Balance Sheet of Paras Ispat Limited filed with the ROC?

    The most recent Balance Sheet for Paras Ispat Limited was filed with the ROC on 31 Mar 2023.

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