Patel Auto Services Profile
Key Indicators
- Authorised Capital ₹ 0.60 M
- Paid Up Capital ₹ 0.60 M
- Company Age 52 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.20 Cr
- Satisfied Charges ₹ 3.95 M
- Revenue Growth -1.00%
- Profit Growth -34.94%
- Ebitda -0.31%
- Net Worth 1.51%
- Total Assets 5.89%
About Patel Auto Services
Patel Auto Services Private Ltd (PASPL) was founded in India on 22 September 1972 and has a glorious history of 52 years and six months. Its registered office is in Na, Delhi.
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 0.60 M and a paid-up capital of Rs 0.60 M.
The company currently has active open charges totaling ₹4.20 Cr. The company has closed loans amounting to ₹3.95 M, as per Ministry of Corporate Affairs (MCA) records.
Minesh Patel, Ravindra Patel, and Mukul Patel serve as directors at the Company.
Company Details
- Location Na, Delhi
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U50200DL1972PTC006302
- Company No.
006302
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 Sep 1972
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Automotive
Who are the key members and board of directors at Patel Auto Services?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Minesh Patel  | Director | 27-Sep-2012 | Current |
Ravindra Patel  | Director | 13-Aug-2001 | Current |
| Mukul Patel | Director | 27-Sep-2012 | Current |
Financial Performance of Patel Auto Services.
Patel Auto Services Private Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 1% decrease. The company also saw a substantial fall in profitability, with a 34.94% decrease in profit. The company's net worth moved up by a moderate rise of 1.51%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Patel Auto Services?
In 2023, Patel Auto Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹41.98 M
Satisfied Charges
₹3.95 M
Charges Breakdown by Lending Institutions
- Bank Of India Limited : 2.30 Cr
- Bank Of India : 1.80 Cr
- Axis Bank Limited : 0.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2019 | Axis Bank Limited | ₹0.98 M | Open |
| 16 Jan 2007 | Bank Of India Limited | ₹1.30 Cr | Open |
| 16 Jan 2007 | Bank Of India | ₹5.50 M | Open |
| 05 Apr 2006 | Bank Of India | ₹1.25 Cr | Open |
| 05 Apr 2006 | Bank Of India Limited | ₹1.00 Cr | Open |
How Many Employees Work at Patel Auto Services?
Patel Auto Services has a workforce of 39 employees as of Mar 29, 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 Patel Auto Services, 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 Patel Auto Services'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 Patel Auto Services
Recent activity within the organization
- Annual General Meeting
Patel Auto Services Private Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Bank Of India of Rs. 12.50 M registered on 05 Apr 2006 with Charge ID 10005393 was modified on 06 Jun 2023.
- Balance Sheet
Patel Auto Services Private Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
- Charges
A charge registered on 22 Jul 2014 via Charge ID 10511296 with Bank Of India was fully satisfied on 22 Jun 2020.
- Charges
A charge registered on 27 Jun 2014 via Charge ID 10510630 with Bank Of India was fully satisfied on 22 Jun 2020.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.98 M with Charge ID 100283359 was registered on 30 May 2019.
Recent News, Updates & Announcement
- BMW drives to new a sales record but still lags behind Mercedes.
BMW's growth was primarily driven by the strong performance of its X-series SUVs and updated 5-series limousines.
- "Mercedes Benz and Toyota Kirloskar Motor to Introduce BS VI Vehicles Ahead of Deadline, Aiming for Cleaner Cities".
When the government said to skip BS V and go straight to BS VI in 2016, Mercedes Benz and Toyota Kirloskar Motor were worried about the four-year deadline. But now, they plan to introduce BS VI vehicles by next year. This will make Delhi and other cities cleaner. BS VI requires petrol vehicles to emit less nitrogen oxides and diesel vehicles to emit less particulate matter. Mercedes Benz will use additional equipment while Toyota will go the hybrid route. They believe that hybrid and electric vehicles will become more popular in the future. Toyota may introduce a new hybrid Corolla this year and their luxury brand Lexus will also offer a hybrid solution. The companies were worried about the availability of better quality fuel, but the oil marketing companies have promised to make it available six months before the 2020 deadline. Mercedes Benz says their BS VI vehicles will still work with lower-quality fuel..
Frequently asked questions
What is the Incorporation or founding date of Patel Auto Services Private Ltd?
Patel Auto Services Private Ltd was incorporated on 22 Sep 1972.
What is authorized share capital and paid-up capital of Patel Auto Services Private Ltd?
The authorized share capital of Patel Auto Services Private Ltd is ₹ 0.60 M and paid-up capital is ₹ 0.60 M.
Who are the current board members & directors of Patel Auto Services Private Ltd?
Currently 3 directors are associated with Patel Auto Services Private Ltd.
- Minesh Sudhirbhai Patel
- Ravindra Kumar Nandu Bhai Patel
- Mukul Rai Patel
What is the registered address of Patel Auto Services Private Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Patel Auto Services Private Ltd is 10-B Rajendra Place Eastpatel Gar, New . India, Na, Delhi.
What is the corporate identification number (CIN) and company number of Patel Auto Services Private Ltd?
The corporate identification number (CIN) of Patel Auto Services Private Ltd is U50200DL1972PTC006302 and the company number is 006302 as per Ministry of Corporate Affairs (MCA).
What is the official website of Patel Auto Services Private Ltd?
The Official website of Patel Auto Services Private Ltd is https://www.mercedes-benz.co.in
What has been the recent revenue trend for Patel Auto Services Private Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Patel Auto Services Private Ltd has fallen by -1.00%.
How many employees does Patel Auto Services Private Ltd currently have?
As Per 2023 financial reports, 39 employees are currently employed by Patel Auto Services Private Ltd.
What change has been observed in the net worth of Patel Auto Services Private Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Patel Auto Services Private Ltd has experienced an upsurge of 1.51%.
What are the total open charges for Patel Auto Services Private Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Patel Auto Services Private Ltd amount to ₹ 4.20 Cr.
When was the last Balance Sheet of Patel Auto Services Private Ltd filed with the ROC?
The most recent Balance Sheet for Patel Auto Services Private Ltd was filed with the ROC on 31 Mar 2023.
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