Precision Fasteners Limited
About Precision Fasteners Limited
Data last updated:
Precision Fasteners Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 20 March 1965.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1965PLC013150. Its GSTIN is 27AAACP3345E2ZO (Maharashtra). The company holds 4 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹32.52 Cr. It is led by directors including Ramiah Hariharan (Whole-Time Director) and Sanjay Babubhai Shah.
Its last annual general meeting (AGM) was held on 23 June 2008, and its latest financial statements are for the year ended 31 March 2007. The registered office is at New India Centre 12th Floor 17 Co – Operage Road, Mumbai, Maharashtra, India – 400039.
As per MCA filings, the company has open charges of ₹139.02 Cr on record. Court records list 83 cases involving the company, including 26 filed by the company and 57 filed against it; 8 cases are pending.
Company details
Contact details
Precision Fasteners Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressNew India Centre 12th Floor 17 Co – Operage Road, Mumbai, Maharashtra, India – 400039
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
Financials of Precision Fasteners Limited
FY 2007 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Precision Fasteners Limited, buy the company report.
Board of directors of Precision Fasteners Limited
Precision Fasteners has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viresh Shankar Mathur Also directs: Bcause Enterprise Private Limited | Nominee Director | 14 May 2010 | 16 Years 5 Months | As last reported |
| Balakrishnan Chemethu Nair | Nominee Director | 20 Aug 2008 | 18 Years 2 Months | As last reported |
| Sanjay Babubhai Shah | Director | 11 Oct 1990 | 36 Years 0 Months | As last reported |
| Jagdishchandra Kanhaiyalal Shah Also directs: Wide Impex Private Limited | Director | 04 Jan 2010 | 16 Years 9 Months | As last reported |
| Ramiah Hariharan Also directs: Precifast Private Limited | Whole-Time Director | 04 Jul 2005 | 21 Years 3 Months | As last reported |
| Mancherji Kaikushroo Daver | Additional Director | 18 Jun 2007 | 19 Years 4 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2009 | 10143677 | Asrec (India) Limited | ₹33.86 Cr | Open | |
| 26 Aug 2003 | 80052042 | Asrec (India) Limited | ₹33.86 Cr | Open | |
| 06 Aug 1998 | 90346869 | Asrec (India) Limited | ₹71.3 Cr | Open |
To see the full charge records of Precision Fasteners Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Precision Fasteners Limited has 83 court cases on record: 26 filed by Precision Fasteners, 57 filed against it. 8 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 43 | 27 | 4 |
| District courts | 34 | 25 | 4 |
| NCLT | 3 | 3 | 0 |
| Supreme Court | 2 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 83)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (EJS) | Filed by the company against Siddhi Edibles Pvt Ltd | Pending |
| Bombay High Court | Court case (CHOCL) | Filed against the company by Templeton Asset Management (India) Pvt. Ltd. | Pending |
| NCLT, Mumbai | Court case (MA(IBC)) | Filed against the company by Asset Reconstruction Company India Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Asrec India Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ms Samrat Wires Pvt. Ltd. Th Shri. Vinit Srivallabh Lohiya | Disposed |
To see the full case history of Precision Fasteners 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 Fasteners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Precision Fasteners has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP3345E2ZO | Maharashtra | Active | 27 Dec 2018 |
To see the full GST registrations and return filing status of Precision Fasteners Limited, buy the company report.
Recent activity
Precision Fasteners Limited has 25 board changes on record since 1990: 16 appointments and 9 cessations. The latest: Dilip Singh Ganpatraj Lodha ceased to be Managing Director on 01 Nov 2010.
22 earlier events are in the company report.
Frequently asked questions
Precision Fasteners is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Precision Fasteners is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 20 March 1965 and is registered under CIN L99999MH1965PLC013150. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Precision Fasteners has 7 current directors:
- Ramiah Hariharan - Whole-Time Director
- Viresh Shankar Mathur - Nominee Director
- Balakrishnan Chemethu Nair - Nominee Director
- Sanjay Babubhai Shah - Director
- Jagdishchandra Kanhaiyalal Shah - Director
- Mancherji Kaikushroo Daver - Additional Director
- Arvind Krishanparkash Oberoi - Director
The latest financial statements of Precision Fasteners on record with the MCA are for the year ended 31 March 2007. Its last annual general meeting was held on 23 June 2008. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Precision Fasteners is L99999MH1965PLC013150. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precision Fasteners is recorded as a listed company by MCA, but its shares were delisted from BSE, and no longer trade on a stock exchange.
Precision Fasteners has open charges of ₹139.02 Cr and no satisfied charges on record as per latest MCA filings.
Precision Fasteners has 83 court cases on record: 26 filed by the company and 57 filed against it. 8 are pending. Most are in the high courts.
Precision Fasteners was incorporated on 20 March 1965. It is registered with the Registrar of Companies, Mumbai.
Dilip Singh Ganpatraj Lodha ceased to be Managing Director on 01 Nov 2010. Arvind Krishanparkash Oberoi was appointed as Director on 01 Sep 2010. Viresh Shankar Mathur was appointed as Nominee Director on 14 May 2010. Precision Fasteners has 25 board changes on record in total.