Prime Castings Private Limited
About Prime Castings Private Limited
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Prime Castings Private Limited is a private limited company based in Bathinda, Punjab, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 21 January 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U28112PB2009PTC032550. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹9.7 Lakh. It is led by directors Rakesh Kumar and Avesh Goyal.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Near Bus Stand Rampura Phul, Bathinda, Punjab, India – 151103.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.28 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹1.97 Cr (net margin -86.3%) and EBITDA of -₹2.4 Cr (EBITDA margin -105.3%).
As per MCA filings, the company has open charges of ₹4.25 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Prime Castings Private Limited's registered office is in Bathinda, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNear Bus Stand Rampura Phul, Bathinda, Punjab, India – 151103
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Prime Castings 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 Prime Castings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Prime Castings Private Limited, buy the company report.
Financials of Prime Castings Private Limited
FY 2017 filings availablePrime Castings Private Limited reported revenue of ₹2.28 Cr (down 34% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year. EBITDA fell 671% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | 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 | -₹2.4 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.97 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -105.3% | ||
| Net Profit Margin | -86.3% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
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| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Prime Castings Private Limited, buy the company report.
Board of directors of Prime Castings Private Limited
Prime Castings has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar | Director | 21 Jan 2009 | 17 Years 9 Months | Current |
| Avesh Goyal | Director | 01 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Prime Castings Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Die Casting), 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 |
|---|---|---|---|---|---|---|
| Paramount Castings Pvt Ltd | ₹2.31 Cr (FY 2024) | -31.0% | Punjab, India | |||
| Swayam Alloy Castings Private Limited | ₹2.31 Cr (FY 2023) | 202.0% | Shimoga, Karnataka, India | |||
| Prime Castings Private Limitedthis company | ₹2.28 Cr (FY 2017) | -₹1.97 Cr | -86.3% | -34.0% | Bathinda, Punjab, India | |
| Laxmi Vasant Alloys and Castings Private Limited | ₹2.25 Cr (FY 2024) | Mumbai, Maharashtra, India |
To see the full peer comparison of Prime Castings Private Limited, buy the company report.
Auditor
Prime Castings Private Limited is audited by CHANDER RAHEJA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDER RAHEJA & CO | FY 2016 | 008652N |
Shareholding
The shareholding of Prime Castings Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Prime Castings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Oct 2011 | 10316852 | J & K Bank | ₹2.5 Cr | Open | |
| 02 Apr 2010 | 10213617 | State Bank of India | ₹1 Cr | Open | |
| 02 Apr 2010 | 10213818 | State Bank of India | ₹75 Lakh | Open |
To see the full charge records of Prime Castings Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Prime Castings Private Limited has 11 court cases on record: 9 filed by Prime Castings, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 2 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed by the company against Religare Finvest Limited | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Religare Finvest Ltd | Disposed |
| District court, Fatehgarh Sahib, Punjab | Court case (CRR) | Filed by the company against M/S H.V Steel Corporation and 1 other | Disposed |
| District court, Fatehgarh Sahib, Punjab | Original application | Filed by the company against M/S H.V Steel Corporation | Disposed |
| District court, Fatehgarh Sahib, Punjab | Original application | Filed by the company against M/S H. V Steel Corporation | Disposed |
To see the full case history of Prime Castings 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 Prime Castings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prime Castings Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Prime Castings has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Prime Castings Private Limited, buy the company report.
Recent activity
Prime Castings Private Limited has 7 board changes on record since 2009: 2 appointments and 5 cessations. The latest: Gaurav Jindal ceased to be Managing Director on 29 Jan 2011.
2 earlier events are in the company report.
Frequently asked questions
Prime Castings is an active private limited company based in Bathinda, Punjab, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 21 January 2009 (17+ years old) and is registered under CIN U28112PB2009PTC032550.
Prime Castings has 2 current directors:
- Rakesh Kumar - Director
- Avesh Goyal - Director
The latest financial statements of Prime Castings on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Prime Castings has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Prime Castings is U28112PB2009PTC032550. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Castings has 11 court cases on record: 9 filed by the company and 2 filed against it. Most are in the district courts.
Prime Castings was incorporated on 21 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Prime Castings by revenue are Paramount Castings Pvt Ltd, Swayam Alloy Castings Private Limited, Laxmi Vasant Alloys and Castings Private Limited, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Gaurav Jindal ceased to be Managing Director on 29 Jan 2011. Kuldip Singla ceased to be Director on 29 Jan 2011. Madan Mohan ceased to be Director on 29 Jan 2011. Prime Castings has 7 board changes on record in total.
The registered office of Prime Castings is at Near Bus Stand Rampura Phul, Bathinda, Punjab, India – 151103.
Prime Castings operates in the manufacturing industry, in the die casting and metal forming segment.