About Platinum Waltech Limited
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Platinum Waltech Limited is a public limited company based in New Delhi, Delhi, India. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 13 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U26900DL2014PLC263455. Its GSTIN is 03AAHCP5272B1ZS (Punjab). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Ashish Gautam and Kanaklata.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Wz – 116 Plot No – 61H F/F Meenakshi Garden, New Delhi, Delhi, India – 110018.
As per the financials filed for FY 2021, the company reported a revenue of ₹9.06 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹21.46 Lakh (net margin -236.9%) and EBITDA of -₹30,000 (EBITDA margin -3.3%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 47% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹2.5 Cr on record. Court records list 26 cases involving the company, including 26 filed against it; 11 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website platinumwaltech.com.
Company details
Contact details
Platinum Waltech Limited's registered office is in New Delhi, Delhi. Its website is platinumwaltech.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressWz – 116 Plot No – 61H F/F Meenakshi Garden, New Delhi, Delhi, India – 110018
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Platinum Waltech 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 Platinum Waltech is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Platinum Waltech Limited, buy the company report.
Financials of Platinum Waltech Limited
FY 2021 filings availablePlatinum Waltech Limited reported revenue of ₹9.06 Lakh (down 97% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 97% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹30,000 | ||||
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| Net Profit (PAT) | -₹21.46 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | -3.3% | ||||
| Net Profit Margin | -236.9% | ||||
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To see the full financial statements and ratios of Platinum Waltech Limited, buy the company report.
Board of directors of Platinum Waltech Limited
Platinum Waltech has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Gautam Also directs: Suraksha Gold Industries Private Limited | Director | 13 Jan 2014 | 12 Years 9 Months | Current |
| Kanaklata | Director | 17 Jul 2017 | 9 Years 3 Months | Current |
| Ravi Ranjan Also directs: Platinum Plaster Limited | Director | 17 Jul 2017 | 9 Years 3 Months | Current |
Auditor
Platinum Waltech Limited is audited by CJS NANDA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CJS NANDA & ASSOCIATES | FY 2016 | 010912N |
Shareholding
The shareholding of Platinum Waltech Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Platinum Waltech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2014 | 10496700 | Bank of India | ₹2 Cr | Satisfied | |
| 22 May 2014 | 10496703 | Bank of India | ₹50 Lakh | Satisfied |
To see the full charge records of Platinum Waltech Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Platinum Waltech Limited has 26 court cases on record: 26 filed against it. 11 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 21 | 10 |
| High courts | 5 | 5 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Pidilite Industries Limited | Pending |
| High Court, MAHARASHTRA | Court case (LPETN) | Filed against the company by Pidilite Industries Limited | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Pidilite Industries Limited | Disposed |
| District court, West, Delhi | Execution petition | Filed against the company by DTDC Express Ltd | Disposed |
| District court, West, Delhi | Civil suit | Filed against the company by DTDC Express Ltd | Disposed |
To see the full case history of Platinum Waltech 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 Platinum Waltech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Platinum Waltech has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAHCP5272B1ZS | Punjab | Active | 18 Jun 2019 |
To see the full GST registrations and return filing status of Platinum Waltech Limited, buy the company report.
Recent activity
Platinum Waltech Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Devki Gautam ceased to be Director on 18 Aug 2017.
Frequently asked questions
Platinum Waltech is an active public limited company based in New Delhi, Delhi, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 13 January 2014 (12+ years old) and is registered under CIN U26900DL2014PLC263455.
Platinum Waltech has 3 current directors:
- Ashish Gautam - Director
- Kanaklata - Director
- Ravi Ranjan - Director
The latest financial statements of Platinum Waltech on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Platinum Waltech is 03AAHCP5272B1ZS, registered in Punjab. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of Platinum Waltech is U26900DL2014PLC263455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Platinum Waltech has 26 court cases on record: 26 filed against it. 11 are pending. Most are in the district courts.
Platinum Waltech was incorporated on 13 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Devki Gautam ceased to be Director on 18 Aug 2017. Narendra Kumar Gautam ceased to be Director on 18 Aug 2017. Kanaklata was appointed as Director on 17 Jul 2017. Platinum Waltech has 5 board changes on record in total.
Platinum Waltech can be reached through the website platinumwaltech.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Platinum Waltech is at Wz – 116 Plot No – 61H FF Meenakshi Garden, New Delhi, Delhi, India – 110018.