About Prashant Castings Private Limited
Data last updated:
Prashant Castings Private Limited was a private limited company based in Rajkot, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 08 October 1987.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ1987PTC010038. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹18.94 Lakh. It was led by directors including Shambhubhai Bhurabhai Parsana (Managing Director) and Bharatbhai Bhurabhai Parsana (Whole-Time Director).
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 was at Mavdi Main Road Mavdi, Rajkot, Gujarat, India – 360004.
As per the financials filed for FY 2021, the company reported a revenue of ₹114.37 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹12.8 Cr (net margin 11.2%) and EBITDA of ₹9.03 Cr (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company had about 355 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹8 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The last known website on record is prashantcast.com.
Company details
CIN history
Prashant Castings has one previous CIN (Corporate Identification Number): U65910GJ1987PTC010038. The current CIN is U27100GJ1987PTC010038, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100GJ1987PTC010038 | Current |
| U65910GJ1987PTC010038 | Previous |
Contact details
Prashant Castings Private Limited's registered office is in Rajkot, Gujarat. Its website is prashantcast.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressMavdi Main Road Mavdi, Rajkot, Gujarat, India – 360004
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Prashant Castings 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 Prashant Castings 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 Prashant Castings Private Limited, buy the company report.
Financials of Prashant Castings Private Limited
FY 2021 filings availablePrashant Castings Private Limited reported revenue of ₹114.37 Cr (down 2% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 13% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹114.37 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.8 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 7.9% | ||||
| Net Profit Margin | 11.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current 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 Prashant Castings Private Limited, buy the company report.
Board of directors of Prashant Castings Private Limited
Prashant Castings has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharatbhai Bhurabhai Parsana | Whole-Time Director | 04 Mar 1991 | 35 Years 7 Months | As last reported |
| Narottam Bhurabhai Parsana | Whole-Time Director | 04 Mar 1991 | 35 Years 7 Months | As last reported |
| Shambhubhai Bhurabhai Parsana | Managing Director | 08 Oct 1987 | 39 Years 0 Months | As last reported |
| Prashant Shambhubhai Parsana | Whole-Time Director | 01 Apr 1998 | 28 Years 6 Months | As last reported |
| Govindbhai Bhurabhai Parsana | Whole-Time Director | 08 Oct 1987 | 39 Years 0 Months | As last reported |
Auditor
Prashant Castings Private Limited is audited by R K DOSHI & CO LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K DOSHI & CO LLP | FY 2021 | 102745W |
Shareholding
The shareholding of Prashant Castings Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prashant Castings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2008 | 10137957 | Bank of India | ₹8 Cr | Satisfied |
To see the full charge records of Prashant Castings Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Prashant Castings Private Limited has 2 court cases on record: 1 filed by Prashant Castings, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SPCS COMP) | Filed against the company by The Registrar of Companies | Disposed |
To see the full case history of Prashant Castings 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.
Credit ratings & regulatory alerts
Prashant Castings Private Limited was last rated by Crisil on 19 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Oct 2020 |
To see the full credit ratings and regulatory alerts of Prashant Castings Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prashant Castings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prashant Castings 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 Prashant Castings Private Limited, buy the company report.
Recent activity
Prashant Castings Private Limited has 9 board changes on record since 1987: 5 appointments and 4 cessations. The latest: Bharatbhai Bhurabhai Parsana ceased to be Director on 19 Jan 2010.
2 earlier events are in the company report.
Frequently asked questions
Prashant Castings has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Prashant Castings was a private limited company based in Rajkot, Gujarat, India. The company worked in die casting and metal forming, within the manufacturing industry. It was incorporated on 08 October 1987 and is registered under CIN U27100GJ1987PTC010038. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Prashant Castings was incorporated on 08 October 1987. It is registered with the Registrar of Companies, Ahmedabad.
Prashant Castings had 5 directors:
- Shambhubhai Bhurabhai Parsana - Managing Director
- Bharatbhai Bhurabhai Parsana - Whole-Time Director
- Narottam Bhurabhai Parsana - Whole-Time Director
- Prashant Shambhubhai Parsana - Whole-Time Director
- Govindbhai Bhurabhai Parsana - Whole-Time Director
The CIN (Corporate Identification Number) of Prashant Castings is U27100GJ1987PTC010038. 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 Prashant Castings is at Mavdi Main Road Mavdi, Rajkot, Gujarat, India – 360004.
Prashant Castings can be reached through the website prashantcast.com. Its registered office is in Rajkot, Gujarat, India.
The latest financial statements of Prashant Castings 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.
No. Prashant Castings has 1 GST registration on record and it is cancelled or inactive.
Prashant Castings operated in the manufacturing industry, in the die casting and metal forming segment.