Precious Furnitech Private Limited
About Precious Furnitech Private Limited
Data last updated:
Precious Furnitech Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 14 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U36100MH1995PTC092728. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹2.9 Lakh. It is led by directors Anil Girish Parmar (Managing Director) and Hema Anil Parmar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at F/No. A2 Indrasagar Apts – Gangadhar Chitnavis Marg Civil Lines, Nagpur, Maharashtra, India – 440001.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.24 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹14.67 Lakh (net margin -6.5%) and EBITDA of ₹35.46 Lakh (EBITDA margin 15.8%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹47 Lakh on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Precious Furnitech Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressF/No. A2 Indrasagar Apts – Gangadhar Chitnavis Marg Civil Lines, Nagpur, Maharashtra, India – 440001
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
To see the full contact details of Precious Furnitech 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 Precious Furnitech 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 Precious Furnitech Private Limited, buy the company report.
Financials of Precious Furnitech Private Limited
FY 2020 filings availablePrecious Furnitech Private Limited reported revenue of ₹2.24 Cr (up 210% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 210% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 536% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.24 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹35.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.67 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.8% | ||||
| Net Profit Margin | -6.5% | ||||
| 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 Precious Furnitech Private Limited, buy the company report.
Board of directors of Precious Furnitech Private Limited
Precious Furnitech 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 |
|---|---|---|---|---|
| Anil Girish Parmar | Managing Director | 14 Sep 1995 | 31 Years 1 Months | Current |
| Hema Anil Parmar | Director | 14 Sep 1995 | 31 Years 1 Months | Current |
Peer comparison
Precious Furnitech Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Furniture 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 |
|---|---|---|---|---|---|---|
| Creation Modulars Private Limited | ₹2.31 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Kwality Ergo Private Limited | ₹2.3 Cr (FY 2025) | -12.0% | Hyderabad, Telangana, India | |||
| Precious Furnitech Private Limitedthis company | ₹2.24 Cr (FY 2020) | -₹14.67 Lakh | -6.5% | 210.0% | Nagpur, Maharashtra, India | |
| JS Mould Private Limited | ₹2.24 Cr (FY 2025) | 32.0% | Delhi, India | |||
| Calcutta Carpets Pvt.Ltd. | ₹2.24 Cr (FY 2025) | -21.0% | Kolkata, West Bengal, India | |||
| Etalon Multitrade Private Limited | ₹2.17 Cr (FY 2025) | 193.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Precious Furnitech Private Limited, buy the company report.
Auditor
Precious Furnitech Private Limited is audited by BANTHIA DAMANI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANTHIA DAMANI & ASSOCIATES | FY 2020 | 126132W |
Shareholding
The shareholding of Precious Furnitech Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Precious Furnitech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2012 | 10374359 | Religare Finvest Limited | ₹47 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Precious Furnitech Private Limited has 7 court cases on record: 2 filed by Precious Furnitech, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 5 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Bajaj Finance Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Bajaj Finance Limited | Disposed |
| District court, Nagpur, Maharashtra | Arbitration matter | Filed against the company by M/S. Bajaj Finance Ltd. | Disposed |
| District court, Nagpur, Maharashtra | Criminal miscellaneous application | Filed against the company by Idfc First Bank Ltd. (Erstwhile Capital First Ltd.) | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by RBL Bank Ltd | Disposed |
To see the full case history of Precious Furnitech 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Precious Furnitech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Precious Furnitech 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 Precious Furnitech Private Limited, buy the company report.
Recent activity
Precious Furnitech Private Limited has 3 board changes on record since 1995: 2 appointments and 1 cessation. The latest: Girish Sundarji Parmar ceased to be Director on 30 Apr 2019.
Frequently asked questions
Precious Furnitech is an active private limited company based in Nagpur, Maharashtra, India. The company works in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 14 September 1995 (31+ years old) and is registered under CIN U36100MH1995PTC092728.
Precious Furnitech has 2 current directors:
- Anil Girish Parmar - Managing Director
- Hema Anil Parmar - Director
The latest financial statements of Precious Furnitech on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Precious Furnitech has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Precious Furnitech is U36100MH1995PTC092728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precious Furnitech has 7 court cases on record: 2 filed by the company and 5 filed against it.
Precious Furnitech was incorporated on 14 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Precious Furnitech by revenue are Creation Modulars Private Limited, Kwality Ergo Private Limited, JS Mould Private Limited, Calcutta Carpets Pvt.Ltd, Etalon Multitrade Private Limited, all in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (wholesale trading).
Girish Sundarji Parmar ceased to be Director on 30 Apr 2019. Anil Girish Parmar was appointed as Managing Director on 14 Sep 1995. Hema Anil Parmar was appointed as Director on 14 Sep 1995.
The registered office of Precious Furnitech is at FNo. A2 Indrasagar Apts – Gangadhar Chitnavis Marg Civil Lines, Nagpur, Maharashtra, India – 440001.
Precious Furnitech operates in the consumer electronics and durables industry, in the furniture retail and distribution segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
