Prabhat Forgings Pvt Ltd
About Prabhat Forgings Pvt Ltd
Data last updated:
Prabhat Forgings Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 11 February 1980.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U28910PB1980PTC004135. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.5 Lakh. It is led by directors including Harjit Singh Khurana (Managing Director) and Arvinder Khurana.
Its last annual general meeting (AGM) was held on 25 May 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Ludhiana, Punjab.
As per the financials filed for FY 2021, the company reported a revenue of ₹36.24 Lakh, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹39.77 Lakh (net margin -109.8%) and EBITDA of -₹4.45 Lakh (EBITDA margin -12.3%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 38% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹81.35 Lakh on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 1 case is pending.
Company details
CIN history
Prabhat Forgings has one previous CIN (Corporate Identification Number): U28910PB1980FTC004135. The current CIN is U28910PB1980PTC004135, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28910PB1980PTC004135 | Current |
| U28910PB1980FTC004135 | Previous |
Contact details
Prabhat Forgings Pvt Ltd's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered Address123 – B Model Town Behind Lal Kothi Gurudwara Bebe Nanki R, Oad, Ludhiana, Punjab, India – 141002
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Prabhat Forgings Pvt Ltd, 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 Prabhat Forgings 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 Prabhat Forgings Pvt Ltd, buy the company report.
Financials of Prabhat Forgings Pvt Ltd
FY 2021 filings availablePrabhat Forgings Pvt Ltd reported revenue of ₹36.24 Lakh (down 81% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 81% fall in the latest year. EBITDA rose 51% 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 | -₹4.45 Lakh | ||||
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| Net Profit (PAT) | -₹39.77 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.3% | ||||
| Net Profit Margin | -109.8% | ||||
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To see the full financial statements and ratios of Prabhat Forgings Pvt Ltd, buy the company report.
Board of directors of Prabhat Forgings Pvt Ltd
Prabhat Forgings has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvinder Khurana | Director | 01 Apr 1992 | 34 Years 7 Months | As last reported |
| Harshpal Singh Khurana Also directs: Heirloom Technologies Private Limited | Director | 12 Dec 2016 | 9 Years 10 Months | As last reported |
| Harjit Singh Khurana | Managing Director | 11 Feb 1980 | 46 Years 8 Months | As last reported |
Auditor
Prabhat Forgings Pvt Ltd is audited by B D BANSAL & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B D BANSAL & CO | FY 2018 | 000621N |
Shareholding
The shareholding of Prabhat Forgings Pvt Ltd is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Prabhat Forgings Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2018 | 100161215 | Others | ₹4.8 Lakh | Satisfied | |
| 30 Nov 2012 | 10431883 | Punjab National Bank | ₹40 Lakh | Satisfied | |
| 19 Jul 1999 | 90180160 | Punjab National Bank | ₹5 Lakh | Satisfied | |
| 25 Oct 1994 | 90177532 | Punjab National Bank | ₹3 Lakh | Satisfied | |
| 27 Feb 1991 | 90176467 | Punjab National Bank | ₹1 Lakh | Satisfied |
To see the full charge records of Prabhat Forgings Pvt Ltd, buy the company report.
Total charge records: 9 View all charges
Legal cases
Prabhat Forgings Pvt Ltd has 5 court cases on record: 1 filed by Prabhat Forgings, 4 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Appeal | Filed by the company against an individual | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Registrar of Companies | Disposed |
To see the full case history of Prabhat Forgings Pvt Ltd, 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 Prabhat Forgings Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prabhat Forgings Pvt Ltd has a workforce of 10 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Prabhat Forgings 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 Prabhat Forgings Pvt Ltd, buy the company report.
Recent activity
Prabhat Forgings Pvt Ltd has 4 board changes on record since 1980: 3 appointments and 1 cessation. The latest: Harshpal Singh Khurana ceased to be Additional Director on 30 Sep 2017.
17 earlier events are in the company report.
Frequently asked questions
Prabhat Forgings is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Prabhat Forgings is a company under liquidation, formerly operating as a private limited company based in Ludhiana, Punjab, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 11 February 1980 and is registered under CIN U28910PB1980PTC004135. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prabhat Forgings has 3 current directors:
- Harjit Singh Khurana - Managing Director
- Arvinder Khurana - Director
- Harshpal Singh Khurana - Director
The latest financial statements of Prabhat Forgings on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 25 May 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Prabhat Forgings is U28910PB1980PTC004135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prabhat Forgings has no open charges and satisfied charges of ₹81.35 Lakh as per latest MCA filings.
Prabhat Forgings has 5 court cases on record: 1 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Prabhat Forgings was incorporated on 11 February 1980. It is registered with the Registrar of Companies, Chandigarh.
Harshpal Singh Khurana ceased to be Additional Director on 30 Sep 2017. Harshpal Singh Khurana was appointed as Director on 12 Dec 2016. Arvinder Khurana was appointed as Director on 01 Apr 1992. Prabhat Forgings has 4 board changes on record in total.
The registered office of Prabhat Forgings is at 123 – B Model Town Behind Lal Kothi Gurudwara Bebe Nanki R, Oad, Ludhiana, Punjab, India – 141002.
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