Pancard Club Ltd. — BANKRUPT

Address:

Khordha, Odisha

Company is not in position to repay the amount in near future.If you go through companies balance sheet you will find that company has to repay more than Rs.2000 crore in next ten years. Which is impossible task for a company which has very less business & profit. Also PanCard club is not a subsidiary of Panoramic universal ltd & Panoramic universal is not responsible for any liabilities of PanCard Club.Agents who are selling schemes of PanCard club not even know that PanCard club has its own balance sheet & liabilities.These agents not aware of anything about financial matters & they only care for their commission & not ready to understand details of balance sheet & other parameters of financials.One can easily understand that PanCard club is running purely money circulating scheme.But these companies are taking benefit of Indian outdated law or negligence of Govt.Institutions.So taking precautions is best way while investing? in such scheme.For PanCard Clubs Balance sheet company make loss many conjunctive years.

https://hotfile.com/list/2057217/378109d

Investment system is book room night because they are not receiving any amount from public without selling something (Alternative Investment Act). Open doubt is clear If all room Booker (Customer) want to use their Room night then How can afford and provide to all customer. How many rooms are there in their hotel? The system of money receive is illegal improvable so it need to investigate how much liabilities over the company vs. asset. Income is not so good and heavy commission to agent will cause of bankrupt.