About Premier Ispat Limited
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Premier Ispat Limited is a public limited company based in Kanpur, Uttar Pradesh, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 23 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U27104UP1999PLC024630. Its GSTIN is 09AABCP9915D1ZC (Uttar Pradesh).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹8.8 Cr. It was formerly known as Premier Ispat Private Limited. It is led by directors including Amit Kumar Jain (Managing Director) and Himit Jain.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 4th Floor Shivsom Tower 1 – The Mall, Kanpur, Uttar Pradesh, India – 208001.
As per the financials filed for FY 2020, the company reported a revenue of ₹89.09 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹4.38 Cr (net margin -4.9%) and EBITDA of -₹11.16 Lakh (EBITDA margin -0.1%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 14% over five years.
The company has about 50 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹52.47 Cr on record. Court records list 26 cases involving the company, including 8 filed by the company and 18 filed against it; 6 cases are pending. The company has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹10.46 Cr; the latest was in September 2020. Its 7 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 2 smaller; the largest is Impex Commercial Private Limited with revenue of ₹89.69 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website premierispat.com.
Company details
Contact details
Premier Ispat Limited's registered office is in Kanpur, Uttar Pradesh. Its website is premierispat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Shivsom Tower 1 – The Mall, Kanpur, Uttar Pradesh, India – 208001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Premier Ispat 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 Premier Ispat is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Premier Ispat Limited, buy the company report.
Financials of Premier Ispat Limited
FY 2020 filings availablePremier Ispat Limited reported revenue of ₹89.09 Cr (down 70% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 70% fall in the latest year. EBITDA fell 101% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹89.09 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹11.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.38 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.1% | ||||
| Net Profit Margin | -4.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Premier Ispat Limited, buy the company report.
Board of directors of Premier Ispat Limited
Premier Ispat has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himit Jain Also directs: Path Darshak Industries Private Limited | Director | 27 Nov 2017 | 8 Years 11 Months | Current |
| Amit Kumar Jain | Managing Director | 23 Jul 1999 | 27 Years 3 Months | Current |
| Rachna Also directs: BKM Industries Limited, M R T Signals Limited | Director | 18 Dec 2019 | 6 Years 10 Months | Current |
| Kumari Rashmi Also directs: Quality Steel Products Limited, Jain Overseas Private Limited | Additional Director | 29 Jun 2023 | 3 Years 3 Months | Current |
| Vinay Kumar Jain | Director | 10 Aug 2001 | 25 Years 2 Months | Current |
Peer comparison
Premier Ispat Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Impex Commercial Private Limited | ₹89.69 Cr (FY 2025) | 0.0% | Dhar, Madhya Pradesh, India | |||
| Mahindra Auto Steel Private Limited | ₹89.65 Cr (FY 2020) | -29.0% | Mumbai, Maharashtra, India | |||
| Sri Ramanjaneya Ispat Private Limited | ₹89.47 Cr (FY 2025) | -21.0% | Hyderabad, Telangana, India | |||
| Centric Steel Limited | ₹89.2 Cr (FY 2024) | -7.0% | Mumbai, Maharashtra, India | |||
| Shri Radha Raman Steels Private Limited | ₹89.17 Cr (FY 2025) | 5.0% | Delhi, India | |||
| Premier Ispat Limitedthis company | ₹89.09 Cr (FY 2020) | -₹4.38 Cr | -4.9% | -70.0% | 50 | Kanpur, Uttar Pradesh, India |
| Jay Bharat Metcast Private Limited | ₹89.09 Cr (FY 2024) | -42.0% | Mumbai, Maharashtra, India | |||
| Chhatisgarh Ferro Trades Private Limited | ₹89.08 Cr (FY 2025) | -3.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Premier Ispat Limited, buy the company report.
Auditor
Premier Ispat Limited is audited by KANODIA AGRAWAL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KANODIA AGRAWAL & CO | FY 2020 | 006135C |
Shareholding
The shareholding of Premier Ispat Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Premier Ispat Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2008 | 10098909 | Housing Development Finance Corporation Limited | ₹50 Lakh | Satisfied | |
| 10 Jan 2008 | 10084947 | State Bank of India | ₹40.1 Cr | Satisfied | |
| 05 Apr 2007 | 10048168 | U.P. Financial Corporation | ₹60 Lakh | Satisfied | |
| 16 Sep 2004 | 90277760 | State Bank of India | ₹4.45 Cr | Satisfied | |
| 18 May 2004 | 90277695 | Rajasthan Financial Corpoation | ₹2.7 Cr | Satisfied |
To see the full charge records of Premier Ispat Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Premier Ispat Limited has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹10.46 Cr; the latest was in September 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Funding round | ₹6.03 Cr | Investors: Carbon Specialities Limited |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: Amit Kumar Jain HUF & Amit Jain HUF & Ragini Jain & Vani Jain Seller: Digital Components Private Limited , Nistha Traders Limited , Ankur Marketing Limited |
| Mar 2016 | Funding round | ₹1 Cr | Investors: Jain Overseas Private Limited |
| Nov 2010 | Funding round | ₹2.03 Cr | Investors: Mahabir Securities Private Limited |
| Apr 2007 | Funding round | ₹50 Lakh | Investors: Emkey Commercial Company Ltd |
To see the full deal history of Premier Ispat Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Premier Ispat Limited has 26 court cases on record: 8 filed by Premier Ispat, 18 filed against it. 6 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 6 |
| High courts | 13 | 6 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kanpur Nagar, Uttar Pradesh | Civil suit | Filed against the company by Jagdish Sons Alloys Pvt. Limited | Pending |
| District court, Kanpur Nagar, Uttar Pradesh | Criminal case | Filed against the company by Response Engineers Pvt. Ltd. | Pending |
| District court, South, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Toyota Financial Services India Ltd | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against U.P. Power Corporation Ltd. Thru Chairman and 3 Others | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against Dakshinanchal Vidyut Vitran Nigam Limited and Others | Disposed |
To see the full case history of Premier Ispat 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 Premier Ispat Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Premier Ispat Limited has a workforce of 50 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Premier Ispat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCP9915D1ZC | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Premier Ispat Limited, buy the company report.
Recent activity
Premier Ispat Limited has 15 board changes on record since 1999: 5 appointments and 10 cessations. The latest: Kumari Rashmi was appointed as Additional Director on 29 Jun 2023.
23 earlier events are in the company report.
Frequently asked questions
Premier Ispat is an active public limited company based in Kanpur, Uttar Pradesh, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 23 July 1999 (27+ years old) and is registered under CIN U27104UP1999PLC024630.
Premier Ispat has 5 current directors:
- Amit Kumar Jain - Managing Director
- Himit Jain - Director
- Rachna - Director
- Kumari Rashmi - Additional Director
- Vinay Kumar Jain - Director
The latest financial statements of Premier Ispat on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Premier Ispat is 09AABCP9915D1ZC, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Premier Ispat is U27104UP1999PLC024630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Premier Ispat has 26 court cases on record: 8 filed by the company and 18 filed against it. 6 are pending. Most are in the district courts.
Premier Ispat was incorporated on 23 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Premier Ispat has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹10.46 Cr; the latest was in September 2020.
The peers of Premier Ispat by revenue are Impex Commercial Private Limited, Mahindra Auto Steel Private Limited, Sri Ramanjaneya Ispat Private Limited, Centric Steel Limited, Shri Radha Raman Steels Private Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Kumari Rashmi was appointed as Additional Director on 29 Jun 2023. Rachna ceased to be Director on 30 May 2022. Vinay Kumar Jain ceased to be Director on 19 Oct 2021. Premier Ispat has 15 board changes on record in total.
Premier Ispat can be reached through the website premierispat.com. Its registered office is in Kanpur, Uttar Pradesh, India.