About Prime Retail India Limited
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Prime Retail India Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 11 May 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U63090WB1990PLC048986. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹11.72 Cr. It was formerly known as Chanduka Carriers Pvt Ltd and Sma Marketing Private Limited. It is led by directors including Vivek Rathi and Jayesh Rathi.
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 Kolkata, West Bengal.
As per the financials filed for FY 2019, the company reported a revenue of ₹76.91 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹31.45 Cr (net margin -40.9%) and EBITDA of -₹24.81 Cr (EBITDA margin -32.3%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
As per MCA filings, the company has satisfied charges of ₹87.03 Cr on record. Court records list 34 cases involving the company, including 7 filed by the company and 27 filed against it; 18 cases are pending. The company has 13 deals on record (6 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹8.36 Cr; the latest was in March 2017. Its 4 peer companies in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 1 larger and 3 smaller; the largest is Reliance-Vision Express Private Limited with revenue of ₹82.71 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website theprimewatches.com.
Company details
Name history
Prime Retail India has undergone 3 name changes throughout its history. The company was previously known as Chanduka Carriers Pvt Ltd, Sma Marketing Private Limited, and Prime Retail India Private Limited. The current legal name is Prime Retail India Limited.
| Company Name | Status |
|---|---|
| Prime Retail India Limited | Current |
| Chanduka Carriers Pvt Ltd | Previous |
| Sma Marketing Private Limited | Previous |
| Prime Retail India Private Limited | Previous |
CIN history
Prime Retail India has one previous CIN (Corporate Identification Number): U63090WB1990PTC048986. The current CIN is U63090WB1990PLC048986, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63090WB1990PLC048986 | Current |
| U63090WB1990PTC048986 | Previous |
Contact details
Prime Retail India Limited's registered office is in Kolkata, West Bengal. Its website is theprimewatches.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address8 Abanindra Nath Thakur Sarani, Flat No 2 First Floor, Kolkata, West Bengal, India – 700017
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Prime Retail India 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 Retail India is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Prime Retail India Limited, buy the company report.
Financials of Prime Retail India Limited
FY 2020 filings availablePrime Retail India Limited reported revenue of ₹76.91 Cr (down 23% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 23% fall in the latest year. EBITDA fell 492% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹76.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹24.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹31.45 Cr | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.3% | ||||
| Net Profit Margin | -40.9% | ||||
| 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 Prime Retail India Limited, buy the company report.
Board of directors of Prime Retail India Limited
Prime Retail India has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Rathi Also directs: Venkateswar Concrete Private Limited | Director | 24 Jul 2020 | 6 Years 3 Months | Current |
| Jayesh Rathi Also directs: Venkateswar Concrete Private Limited | Director | 24 Jul 2020 | 6 Years 3 Months | Current |
| Manoj Kumar Budhia Also directs: Seasite Finance Limited., Sas Concrete & Infrastructure Pvt Ltd, Fund Tree Consulting Private Limited and 5 more | Director | 24 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Prime Retail India Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance-Vision Express Private Limited | ₹82.71 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Prime Retail India Limitedthis company | ₹76.91 Cr (FY 2019) | -₹31.45 Cr | -40.9% | -23.0% | Kolkata, West Bengal, India | |
| Select Citywalk Retail Private Limited | ₹74.4 Cr (FY 2024) | -5.0% | New Delhi, Delhi, India | |||
| Diesel Fashion India Reliance Private Limited | ₹74.13 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Suta Private Limited | ₹73.5 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Prime Retail India Limited, buy the company report.
Auditor
Prime Retail India Limited is audited by PANKAJ BAID & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PANKAJ BAID & ASSOCIATES | FY 2019 | 329176E |
Shareholding
The shareholding of Prime Retail India 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 Prime Retail India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2019 | 100267485 | State Bank of India | ₹38.75 Cr | Satisfied | |
| 05 Mar 2018 | 100160349 | Others | ₹6 Cr | Satisfied | |
| 30 Oct 2014 | 10528122 | Kotak Mahindra Bank Limited | ₹1 Cr | Satisfied | |
| 20 Apr 2009 | 10162475 | 3I Infotech Trusteeship Services Limited | ₹1.5 Cr | Satisfied | |
| 16 Feb 2009 | 10147014 | State Bank of India | ₹32.75 Cr | Satisfied |
To see the full charge records of Prime Retail India Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Prime Retail India Limited has 13 deals on record (6 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹8.36 Cr; the latest was in March 2017.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Rights issue | ₹50 Lakh | Investors: Kalyana Impex Pvt. Ltd. |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Rajiv Chopra HUF, Prime Clocks Pvt. Ltd. Seller: R L Lodha & Sons HUF, 3 individuals |
| Mar 2012 | Funding round | ₹1.8 Cr | Investors: Sanskriti Goods Private Limited. , an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Chopra Films & Entertainment Private Limited Seller: SVG Techno Industries Private Limited , Vedant Merchant Private Limited, Zigma Steels Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Chopra Films & Entertainment Private Limited Seller: Sapphire Commosales Private Limited , Amplex Vinicom Private Limited, Strategic Dealcom Private Limited |
To see the full deal history of Prime Retail India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Prime Retail India Limited has 34 court cases on record: 7 filed by Prime Retail India, 27 filed against it. 18 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 26 | 17 |
| High courts | 5 | 1 | 1 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Bajaj Finance Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Axis Bank Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Icici Bank Limited | Pending |
To see the full case history of Prime Retail India 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 Retail India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prime Retail India Limited has 1 active EPFO establishment as of Mar 27, 2024.
GST
Prime Retail India has 5 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 Retail India Limited, buy the company report.
Recent activity
Prime Retail India Limited has 20 board changes on record since 2010: 3 appointments and 17 cessations. The latest: Arijit Das ceased to be Additional Director on 27 Jul 2020.
33 earlier events are in the company report.
Frequently asked questions
Prime Retail India is an active public limited company based in Kolkata, West Bengal, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 11 May 1990 (36+ years old) and is registered under CIN U63090WB1990PLC048986.
Prime Retail India has 3 current directors:
- Vivek Rathi - Director
- Jayesh Rathi - Director
- Manoj Kumar Budhia - Director
The latest financial statements of Prime Retail India 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. Prime Retail India has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Prime Retail India is U63090WB1990PLC048986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Retail India has 34 court cases on record: 7 filed by the company and 27 filed against it. 18 are pending. Most are in the district courts.
Prime Retail India was incorporated on 11 May 1990, making it 36+ years old. It is registered with the Registrar of Companies, Kolkata.
Prime Retail India has 13 deals on record (6 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹8.36 Cr; the latest was in March 2017.
The peers of Prime Retail India by revenue are Reliance-Vision Express Private Limited, Select Citywalk Retail Private Limited, Diesel Fashion India Reliance Private Limited, Suta Private Limited, all in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading).
Arijit Das ceased to be Additional Director on 27 Jul 2020. Mahammad Amir ceased to be Director on 27 Jul 2020. Rajiv Chopra ceased to be Managing Director on 27 Jul 2020. Prime Retail India has 20 board changes on record in total.
Prime Retail India can be reached through the website theprimewatches.com. Its registered office is in Kolkata, West Bengal, India.