About Precision Fashions Limited
Data last updated:
Precision Fashions Limited was a public limited company based in New Delhi, Delhi, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 24 March 2003.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74994DL2003PLC119522. Its GSTIN is 07AACCP9606N1ZY (Delhi).
The company had an authorised share capital of ₹35.25 Cr and a paid-up capital of ₹2.55 Cr. It was formerly known as Pearl Apparels Limited and Pearl Academy of Fashion India Limited. It was led by directors including Atiuttam Prasad Singh (Irp/Rp/Liquidator) and Arun Gujral.
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 C – 17/1 Paschimi Marg Vasant Vihar, New Delhi, Delhi, India – 110057.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.43 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹3.48 Lakh (net margin -142.9%) and EBITDA of ₹1.98 Lakh (EBITDA margin 81.4%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 73% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is pearlglobal.com.
Company details
Name history
Precision Fashions has undergone 2 name changes throughout its history. The company was previously known as Pearl Apparels Limited, and Pearl Academy Of Fashion India Limited. The current legal name is Precision Fashions Limited.
| Company Name | Status |
|---|---|
| Precision Fashions Limited | Current |
| Pearl Apparels Limited | Previous |
| Pearl Academy Of Fashion India Limited | Previous |
Contact details
Precision Fashions Limited's registered office is in New Delhi, Delhi. Its website is pearlglobal.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC – 17/1 Paschimi Marg Vasant Vihar, New Delhi, Delhi, India – 110057
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Precision Fashions 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 Precision Fashions 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 |
Financials of Precision Fashions Limited
FY 2022 filings availablePrecision Fashions Limited reported revenue of ₹2.43 Lakh (down 97% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over five years, including a 97% fall in the latest year. EBITDA fell 95% 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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| Total Expenses | |||||
| EBITDA | ₹1.98 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.48 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.4% | ||||
| Net Profit Margin | -142.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Precision Fashions Limited, buy the company report.
Board of directors of Precision Fashions Limited
Precision Fashions has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atiuttam Prasad Singh Also directs: V Rudra Asset Reckoners and Consultants Private Limited | Irp/Rp/Liquidator | 06 Mar 2023 | 3 Years 7 Months | As last reported |
| Arun Gujral | Director | 15 Apr 2014 | 12 Years 6 Months | As last reported |
| Girish Gujral | Director | 26 May 2014 | 12 Years 4 Months | As last reported |
| Sameer Gujral | Director | 26 May 2014 | 12 Years 4 Months | As last reported |
Peer comparison
Precision Fashions 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 |
|---|---|---|---|---|---|---|
| Anik Trading Private Limited | ₹2.45 Lakh (FY 2020) | Mumbai, Maharashtra, India | ||||
| Precision Fashions Limitedthis company | ₹2.43 Lakh (FY 2022) | -₹3.48 Lakh | -142.9% | -97.0% | New Delhi, Delhi, India | |
| Phalam Studio Private Limited | ₹2.43 Lakh (FY 2025) | -54.0% | Bengaluru, Karnataka, India | |||
| Spar Fabrics Pvt Ltd | ₹2.41 Lakh (FY 2025) | -17.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Precision Fashions Limited, buy the company report.
Auditor
Precision Fashions Limited is audited by S.R.DINODIA & CO. LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.DINODIA & CO. LLP | FY 2020 | 001478N/N500005 |
Shareholding
The shareholding of Precision Fashions Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Precision Fashions Limited, buy the company report.
Legal cases
Precision Fashions Limited has 1 court case on record: 1 filed by Precision Fashions. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Principal Bench | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Precision Fashions 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 Precision Fashions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Precision Fashions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCP9606N1ZY | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Precision Fashions Limited, buy the company report.
Recent activity
Precision Fashions Limited has 17 board changes on record since 2007: 4 appointments and 13 cessations. The latest: Atiuttam Prasad Singh was appointed as Irp/Rp/Liquidator on 06 Mar 2023.
8 earlier events are in the company report.
Frequently asked questions
Precision Fashions has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Precision Fashions was a public limited company based in New Delhi, Delhi, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 24 March 2003 and is registered under CIN U74994DL2003PLC119522. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Precision Fashions was incorporated on 24 March 2003. It is registered with the Registrar of Companies, Delhi.
Precision Fashions had 4 directors:
- Arun Gujral - Director
- Girish Gujral - Director
- Sameer Gujral - Director
- Atiuttam Prasad Singh - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Precision Fashions is U74994DL2003PLC119522. 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 Precision Fashions is at C – 171 Paschimi Marg Vasant Vihar, New Delhi, Delhi, India – 110057.
Precision Fashions can be reached through the website pearlglobal.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Precision Fashions 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.
The GSTIN of Precision Fashions is 07AACCP9606N1ZY, registered in Delhi.
Precision Fashions operated in the home and lifestyle industry, in the textile retail and distribution segment.
The peers of Precision Fashions by revenue are Anik Trading Private Limited, Phalam Studio Private Limited, Spar Fabrics Pvt Ltd, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).