Prashin Apparels Private Limited
About Prashin Apparels Private Limited
Data last updated:
Prashin Apparels Private Limited was a private limited company based in Surat, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 21 March 2001.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17118GJ2001PTC039336. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.8 Lakh. It was led by directors Milap Prafulchandra Mehta and Rajesh Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 303 Empire State Building Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.92 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹32,837 (net margin 4.7%) and EBITDA of ₹51,863 (EBITDA margin 7.5%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 29% over five years.
Company details
Contact details
Prashin Apparels Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address303 Empire State Building Ring Road, Surat, Gujarat, India – 395002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Prashin Apparels 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 Prashin Apparels is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Prashin Apparels Private Limited, buy the company report.
Financials of Prashin Apparels Private Limited
FY 2022 filings availablePrashin Apparels Private Limited reported revenue of ₹6.92 Lakh (down 49% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 49% fall in the latest year. EBITDA fell 7% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹51,863 | ||||
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| Net Profit (PAT) | ₹32,837 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 7.5% | ||||
| Net Profit Margin | 4.7% | ||||
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To see the full financial statements and ratios of Prashin Apparels Private Limited, buy the company report.
Board of directors of Prashin Apparels Private Limited
Prashin Apparels has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milap Prafulchandra Mehta Also directs: Prashin Apparels LLP, Arham Tradecom LLP | Director | 11 Nov 2022 | 3 Years 11 Months | As last reported |
| Rajesh Agarwal | Director | 20 Feb 2009 | 17 Years 8 Months | As last reported |
Peer comparison
Prashin Apparels Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nice Dealers Private Limited | ₹6.95 Lakh (FY 2023) | 0.0% | Kolkata, West Bengal, India | |||
| Prashin Apparels Private Limitedthis company | ₹6.92 Lakh (FY 2022) | ₹32,837 | 4.7% | -49.0% | Surat, Gujarat, India | |
| Memsahiba Textiles Priavte Limited | ₹6.88 Lakh (FY 2025) | -98.0% | Kolkata, West Bengal, India | |||
| Mobizera Private Limited | ₹6.87 Lakh (FY 2015) | 3717.0% | Delhi, India |
To see the full peer comparison of Prashin Apparels Private Limited, buy the company report.
Auditor
Prashin Apparels Private Limited is audited by C. SUKHADIA & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. SUKHADIA & CO. | FY 2017 | 125385W |
Shareholding
The shareholding of Prashin Apparels Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Prashin Apparels Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Prashin Apparels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prashin Apparels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prashin Apparels 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 Prashin Apparels Private Limited, buy the company report.
Recent activity
Prashin Apparels Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Nitin Bazari ceased to be Director on 17 Nov 2022.
Frequently asked questions
Prashin Apparels has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Prashin Apparels was a private limited company based in Surat, Gujarat, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 21 March 2001 and is registered under CIN U17118GJ2001PTC039336. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Prashin Apparels is U17118GJ2001PTC039336. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prashin Apparels had 2 directors:
- Milap Prafulchandra Mehta - Director
- Rajesh Agarwal - Director
Prashin Apparels was incorporated on 21 March 2001. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Prashin Apparels is at 303 Empire State Building Ring Road, Surat, Gujarat, India – 395002.
The latest financial statements of Prashin Apparels on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Prashin Apparels has 1 GST registration on record and it is cancelled or inactive.
Prashin Apparels operated in the home and lifestyle industry, in the textile retail and distribution segment.
The peers of Prashin Apparels by revenue are Nice Dealers Private Limited, Memsahiba Textiles Priavte Limited, Mobizera Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Nitin Bazari ceased to be Director on 17 Nov 2022. Milap Prafulchandra Mehta was appointed as Director on 11 Nov 2022. Jugal Kishor Rathi ceased to be Director on 21 Feb 2009. Prashin Apparels has 5 board changes on record in total.
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