About Prateek Wires Pvt Ltd
Data last updated:
Prateek Wires Pvt Ltd was a private limited company based in Kolkata, West Bengal, 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 cable and wire segment of the manufacturing sector. It was incorporated on 19 July 1991.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U31300WB1991PTC052378. Its GSTIN is 19AABCP5795K1ZQ (West Bengal).
The company had an authorised share capital of ₹75 Lakh and a paid-up capital of ₹55.45 Lakh. It was led by directors Varun Saraf and Radha Raman Saraf.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Rudra Mani 1720 Laskarhat E.M. Bypass 15th & 16th Floor, Kolkata, West Bengal, India – 700039.
As per the financials filed for FY 2021, the company reported a revenue of ₹66.72 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹26.34 Lakh (net margin -0.4%) and EBITDA of ₹31.2 Lakh (EBITDA margin 0.5%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 1% over five years.
The company had about 10 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹27.19 Cr on record. Court records list 13 cases involving the company, including 12 filed by the company and 1 filed against it; 2 cases are pending.
The last known website on record is groupnirmal.com.
Company details
Contact details
Prateek Wires Pvt Ltd's registered office is in Kolkata, West Bengal. Its website is groupnirmal.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressRudra Mani 1720 Laskarhat E.M. Bypass 15th & 16th Floor, Kolkata, West Bengal, India – 700039
- IndustryManufacturing, Cable & Wire
To see the full contact details of Prateek Wires 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 activities of Prateek Wires are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Prateek Wires Pvt Ltd, buy the company report.
Financials of Prateek Wires Pvt Ltd
FY 2021 filings availablePrateek Wires Pvt Ltd reported revenue of ₹66.72 Cr (down 40% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 40% fall in the latest year. EBITDA fell 91% 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 | ₹66.72 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹31.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹26.34 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | -0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Prateek Wires Pvt Ltd, buy the company report.
Board of directors of Prateek Wires Pvt Ltd
Prateek Wires has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Saraf | Director | 04 Nov 2015 | 11 Years 0 Months | As last reported |
| Radha Raman Saraf Also directs: Triveni Wire Craft Private Limited, Nirmal Wires Pvt Ltd | Director | 19 Jul 1991 | 35 Years 3 Months | As last reported |
Peer comparison
Prateek Wires Pvt Ltd is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), 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 |
|---|---|---|---|---|---|---|
| RKS Steel Industries Private Limited | ₹66.78 Cr (FY 2025) | -25.0% | Damtal, Himachal Pradesh, India | |||
| Prateek Wires Pvt Ltdthis company | ₹66.72 Cr (FY 2021) | -₹26.34 Lakh | -0.4% | -40.0% | 10 | Kolkata, West Bengal, India |
| Parekh Engineering Works Private Limited | ₹66.68 Cr (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Santoshi Hyvolt Electricals Private Limited | ₹66.25 Cr (FY 2025) | -20.0% | Delhi, India | |||
| Shri Niwasan Wire Private Limited | ₹64.55 Cr (FY 2024) | 89.0% | Katni, Madhya Pradesh, India |
To see the full peer comparison of Prateek Wires Pvt Ltd, buy the company report.
Auditor
Prateek Wires Pvt Ltd is audited by AGARWAL GUPTA NOKARI & RUSTAGI ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL GUPTA NOKARI & RUSTAGI ASSOCIATES | FY 2021 | 310041E |
Shareholding
The shareholding of Prateek Wires Pvt Ltd is on record for 4 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 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Prateek Wires Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2013 | 10443621 | Bank of Baroda | ₹1.19 Cr | Satisfied | |
| 04 Dec 2010 | 10262210 | Bank of Baroda | ₹11 Cr | Satisfied | |
| 03 Mar 2004 | 90246233 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Prateek Wires Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
Prateek Wires Pvt Ltd has 13 court cases on record: 12 filed by Prateek Wires, 1 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 1 | 0 |
| District courts | 5 | 0 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against Makpower Transformers Pvt. Ltd. and 2 others | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against Drake and Scull Water and Energy India Private Limited | Pending |
| High Court | Court case (APOT) | Filed by the company against Bindawala Cables & Conductors Limited & Anr. | Disposed |
| NCLT, Kolkata | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Prateek Wires 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 Prateek Wires Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prateek Wires Pvt Ltd has a workforce of 10 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Prateek Wires has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCP5795K1ZQ | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prateek Wires Pvt Ltd, buy the company report.
Recent activity
Prateek Wires Pvt Ltd has 3 board changes on record since 1991: 2 appointments and 1 cessation. The latest: Raj Kumar Maheswari ceased to be Director on 13 Nov 2015.
2 earlier events are in the company report.
Frequently asked questions
Prateek Wires 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.
Prateek Wires was a private limited company based in Kolkata, West Bengal, India. The company worked in cable and wire, within the manufacturing industry. It was incorporated on 19 July 1991 and is registered under CIN U31300WB1991PTC052378. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Prateek Wires was incorporated on 19 July 1991. It is registered with the Registrar of Companies, Kolkata.
Prateek Wires had 2 directors:
- Varun Saraf - Director
- Radha Raman Saraf - Director
The CIN (Corporate Identification Number) of Prateek Wires is U31300WB1991PTC052378. 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 Prateek Wires is at Rudra Mani 1720 Laskarhat E.M. Bypass 15th & 16th Floor, Kolkata, West Bengal, India – 700039.
Prateek Wires can be reached through the website groupnirmal.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Prateek Wires on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Prateek Wires is 19AABCP5795K1ZQ, registered in West Bengal.
Prateek Wires operated in the manufacturing industry, in the cable and wire segment.
The peers of Prateek Wires by revenue are RKS Steel Industries Private Limited, Parekh Engineering Works Private Limited, Santoshi Hyvolt Electricals Private Limited, Shri Niwasan Wire Private Limited, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products).
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