Gems Palace Private Limited
About Gems Palace Private Limited
Data last updated:
Gems Palace Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the sports goods segment of the musical instruments sector. It was incorporated on 04 February 2014.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2014PTC252820. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.95 Lakh. It was led by directors Sana Yakoob Shaikh and Hemal Arvind Rajgor.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Plot No 33 Room No. 19 Jawahar Nagar Goregaon West, Mumbai, Maharashtra, India – 400062.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.39 Cr. For the same year it recorded a net profit of ₹4.39 Lakh (net margin 1.8%) and EBITDA of ₹11.68 Lakh (EBITDA margin 4.9%).
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Company details
Contact details
Gems Palace Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 33 Room No. 19 Jawahar Nagar Goregaon West, Mumbai, Maharashtra, India – 400062
- IndustryMusical Instruments, Sports Goods, Jewellery, Musical Instrument, Manufacturing
To see the full contact details of Gems Palace Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Gems Palace is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Gems Palace Private Limited, buy the company report.
Financials of Gems Palace Private Limited
FY 2016 filings availableGems Palace Private Limited reported revenue of ₹2.39 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹2.39 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹11.68 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹4.39 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.9% | |
| Net Profit Margin | 1.8% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Gems Palace Private Limited, buy the company report.
Board of directors of Gems Palace Private Limited
Gems Palace has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sana Yakoob Shaikh | Director | 08 Feb 2019 | 7 Years 8 Months | As last reported |
| Hemal Arvind Rajgor | Director | 04 Feb 2014 | 12 Years 8 Months | As last reported |
Peer comparison
Gems Palace Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ameyaa Jewels Private Limited | ₹2.44 Cr (FY 2025) | 106.0% | Surat, Gujarat, India | |||
| Phorum Jewels Limited | ₹2.42 Cr (FY 2018) | -55.0% | Mumbai, Maharashtra, India | |||
| Gems Palace Private Limitedthis company | ₹2.39 Cr (FY 2016) | ₹4.39 Lakh | 1.8% | Mumbai, Maharashtra, India | ||
| U. K. Jewellery India Private Limited | ₹2.39 Cr (FY 2024) | 12.0% | Rajkot, Gujarat, India | |||
| Prabha Jewell Industries (India) Private Limited | ₹2.38 Cr (FY 2024) | 141.0% | Malappuram, Kerala, India |
To see the full peer comparison of Gems Palace Private Limited, buy the company report.
Auditor
Gems Palace Private Limited is audited by KAUSHIK DAS AND ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAUSHIK DAS AND ASSOCIATES | FY 2016 | 121725W |
Shareholding
The shareholding of Gems Palace Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Gems Palace Private Limited, buy the company report.
Legal cases
Gems Palace Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Officer-12( | Pending |
To see the full case history of Gems Palace Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gems Palace Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gems Palace has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Gems Palace Private Limited, buy the company report.
Recent activity
Gems Palace Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Ankit Prakash Shah ceased to be Additional Director on 08 Feb 2019.
Frequently asked questions
Gems Palace has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Gems Palace was a private limited company based in Mumbai, Maharashtra, India. The company worked in sports goods, within the musical instruments industry. It was incorporated on 04 February 2014 and is registered under CIN U74900MH2014PTC252820. The company has been struck off by the Registrar of Companies and is no longer operational.
Gems Palace had 2 directors:
- Sana Yakoob Shaikh - Director
- Hemal Arvind Rajgor - Director
The CIN (Corporate Identification Number) of Gems Palace is U74900MH2014PTC252820. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Gems Palace is at Plot No 33 Room No. 19 Jawahar Nagar Goregaon West, Mumbai, Maharashtra, India – 400062.
Gems Palace was incorporated on 04 February 2014. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Gems Palace on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Gems Palace has 1 GST registration on record and it is cancelled or inactive.
Gems Palace operated in the musical instruments industry, in the sports goods segment. It worked in this industry before it was struck off.
The peers of Gems Palace by revenue are Ameyaa Jewels Private Limited, Phorum Jewels Limited, U. K. Jewellery India Private Limited, Prabha Jewell Industries (India) Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Gems Palace has 1 court case on record: 1 filed against it. 1 is pending.