Preet Forgings Private Limited
About Preet Forgings Private Limited
Data last updated:
Preet Forgings Private Limited was a private limited company based in Ludhiana, Punjab, 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 industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 04 February 1997.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27104PB1997PTC019408. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹55 Lakh and a paid-up capital of ₹50.4 Lakh.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 5 Garden Enclave Near Ayali Bridge South City, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2016, the company reported a revenue of ₹42.6 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹14.68 Lakh (net margin 34.5%) and EBITDA of ₹21.53 Lakh (EBITDA margin 50.6%).
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹78 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending.
Company details
Contact details
Preet Forgings Private Limited's registered office is in Ludhiana, Punjab.
- Registered Address5 Garden Enclave Near Ayali Bridge South City, Ludhiana, Punjab, India – 141001
- 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
Business activity
The main business activity of Preet Forgings is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Preet Forgings Private Limited, buy the company report.
Financials of Preet Forgings Private Limited
FY 2016 filings availablePreet Forgings Private Limited reported revenue of ₹42.6 Lakh (down 8% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. EBITDA rose 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹21.53 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹14.68 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 50.6% | |
| Net Profit Margin | 34.5% | |
| 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 Preet Forgings Private Limited, buy the company report.
Board of directors of Preet Forgings Private Limited
Preet Forgings has 3 former directors on record and no current directors listed.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2008 | 10105883 | Corporation Bank | ₹39 Cr | Satisfied | |
| 27 Dec 2006 | 10032658 | Corporation Bank | ₹39 Cr | Satisfied |
To see the full charge records of Preet Forgings Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Preet Forgings Private Limited has 6 court cases on record: 2 filed by Preet Forgings, 4 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 2 | 1 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed by the company against Commissioner of Income Tax-Iii, Ludhiana Ludhiana , District: Ludhiana ,Ludhiana , Punjab | Pending |
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Ms Novelty Enterprises | Disposed |
| High Court, PUNJAB | Tax appeal | Filed against the company by Commissioner of Income Tax | Disposed |
| High Court of Delhi | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Preet Forgings 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 Preet Forgings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Preet Forgings 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 Preet Forgings Private Limited, buy the company report.
Recent activity
Preet Forgings Private Limited has 3 board changes on record since 2016: 0 appointments and 3 cessations. The latest: Sushant Chopra ceased to be Director on 21 Dec 2016.
Frequently asked questions
Preet Forgings 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.
Preet Forgings was a private limited company based in Ludhiana, Punjab, India. The company worked in industrial tools and components, within the machinery and equipment industry. It was incorporated on 04 February 1997 and is registered under CIN U27104PB1997PTC019408. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Preet Forgings is U27104PB1997PTC019408. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Preet Forgings was incorporated on 04 February 1997. It is registered with the Registrar of Companies, Chandigarh.
The registered office of Preet Forgings is at 5 Garden Enclave Near Ayali Bridge South City, Ludhiana, Punjab, India – 141001.
The latest financial statements of Preet Forgings on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Preet Forgings has 1 GST registration on record and it is cancelled or inactive.
Preet Forgings operated in the machinery and equipment industry, in the industrial tools and components segment.
Preet Forgings has 6 court cases on record: 2 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Sushant Chopra ceased to be Director on 21 Dec 2016. Tanav Chopra ceased to be Director on 21 Dec 2016. Yash Pal Trehan ceased to be Additional Director on 22 Oct 2016.
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