Prime Valves India Limited
About Prime Valves India Limited
Data last updated:
Prime Valves India Limited was a public limited company based in Mumbai, Maharashtra, 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 machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 21 April 1992.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24239MH1992PLC066437.
The company had an authorised share capital of ₹1.75 Cr and a paid-up capital of ₹34.92 Lakh.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Arch No 10 Mahalaxmi Bridge Jacob Dircle, Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2019, the company reported a revenue of ₹7.31 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹20.97 Lakh (net margin -286.8%) and EBITDA of -₹20.97 Lakh (EBITDA margin -286.8%).
The company is associated with 1 brand: Prime Industrial Valves Mfg. As per MCA filings, the company has satisfied charges of ₹1.5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Company details
CIN history
Prime Valves India has one previous CIN (Corporate Identification Number): L24239MH1992PLC066437. The current CIN is U24239MH1992PLC066437, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24239MH1992PLC066437 | Current |
| L24239MH1992PLC066437 | Previous |
Contact details
Prime Valves India Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressArch No 10 Mahalaxmi Bridge Jacob Dircle, Mumbai, Maharashtra, India – 400011
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Prime Valves 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
Brands
Prime Valves India operates one associated brand: Prime Industrial Valves Mfg. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies high-quality industrial valves for various applications. | primevalvesindia.com |
Business activity
The main business activity of Prime Valves India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
Financials of Prime Valves India Limited
FY 2019 filings availablePrime Valves India Limited reported revenue of ₹7.31 Lakh (down 42% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 42% in the latest year. EBITDA rose 17% in the latest 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 |
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| EBITDA | -₹20.97 Lakh | ||||
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| Net Profit (PAT) | -₹20.97 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -286.8% | ||||
| Net Profit Margin | -286.8% | ||||
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To see the full financial statements and ratios of Prime Valves India Limited, buy the company report.
Board of directors of Prime Valves India Limited
Prime Valves India has 6 former directors on record and no current directors listed.
Auditor
Prime Valves India Limited is audited by GNANOBA & BHAT for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GNANOBA & BHAT | FY 2017 | 000939S |
Shareholding
The shareholding of Prime Valves India Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Prime Valves India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 1994 | 80065786 | Karnataka State Industrial Investment and Development Corporation Limited | ₹1.5 Cr | Satisfied |
To see the full charge records of Prime Valves India Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Prime Valves India Limited has 1 court case on record: 1 filed by Prime Valves India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka | Disposed |
To see the full case history of Prime Valves 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 Valves India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Prime Valves India Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Prime Valves India Limited has 6 board changes on record since 2008: 0 appointments and 6 cessations. The latest: Prabhudev Kulkarni ceased to be Managing Director on 26 May 2020.
Frequently asked questions
Prime Valves India 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.
Prime Valves India was a public limited company based in Mumbai, Maharashtra, India. The company worked in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 21 April 1992 and is registered under CIN U24239MH1992PLC066437. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Prime Valves India is U24239MH1992PLC066437. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Valves India was incorporated on 21 April 1992. It is registered with the Registrar of Companies, Mumbai.
The registered office of Prime Valves India is at Arch No 10 Mahalaxmi Bridge Jacob Dircle, Mumbai, Maharashtra, India – 400011.
The latest financial statements of Prime Valves India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
Prime Valves India operated in the machinery and equipment industry, in the industrial machinery manufacturing segment.
Prime Valves India has 1 court case on record: 1 filed by the company.
Prabhudev Kulkarni ceased to be Managing Director on 26 May 2020. Rajendra Virupaksha Kulkarni ceased to be Director on 26 May 2020. Athar Ahmad ceased to be Additional Director on 19 Mar 2020. Prime Valves India has 6 board changes on record in total.
Prime Valves India has no open charges and satisfied charges of ₹1.5 Cr as per latest MCA filings.