About Prince Vitrified Private Limited
Data last updated:
Prince Vitrified Private Limited is a private limited company based in Wankaner, Gujarat, 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 ceramics, sanitaryware and tile segment of the manufacturing sector. It was incorporated on 27 February 2010.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2010PTC059723. Its GSTIN is 24AAFCP3673E2ZI (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹67.47 Lakh. It is led by directors including Chandreshkumar Maganbhai Patel and Dushyant Manjibhai Saravadiya.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Survey No. 141 Matel Road Vill. Dhuva Tal, Wankaner, Gujarat, India – 363622.
As per the financials filed for FY 2018, the company reported a revenue of ₹9.94 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹5.92 Cr (net margin -59.6%) and EBITDA of -₹3.12 Cr (EBITDA margin -31.4%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹22.52 Cr on record. Court records list 20 cases involving the company, including 9 filed by the company and 11 filed against it; 1 case is pending.
The last known website on record is princetiles.com.
Company details
Contact details
Prince Vitrified Private Limited's registered office is in Wankaner, Gujarat. Its website is princetiles.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No. 141 Matel Road Vill. Dhuva Tal, Wankaner, Gujarat, India – 363622
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Prince Vitrified 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 Prince Vitrified 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 |
To see the full business activity and turnover split of Prince Vitrified Private Limited, buy the company report.
Financials of Prince Vitrified Private Limited
FY 2018 filings availablePrince Vitrified Private Limited reported revenue of ₹9.94 Cr (down 59% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over three years, including a 59% fall in the latest year. EBITDA fell 184% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹9.94 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹3.12 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5.92 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -31.4% | |||
| Net Profit Margin | -59.6% | |||
| 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 Prince Vitrified Private Limited, buy the company report.
Board of directors of Prince Vitrified Private Limited
Prince Vitrified has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandreshkumar Maganbhai Patel | Director | 27 Feb 2010 | 16 Years 8 Months | As last reported |
| Dushyant Manjibhai Saravadiya | Director | 15 Apr 2010 | 16 Years 6 Months | As last reported |
| Savan Chandulal Jakasaniya | Director | 25 Nov 2016 | 9 Years 11 Months | As last reported |
| Narendra Kantilal Likhia | Director | 15 Apr 2010 | 16 Years 6 Months | As last reported |
Auditor
Prince Vitrified Private Limited is audited by S SHARDA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S SHARDA & ASSOCIATES | FY 2018 | 117361W |
Shareholding
The shareholding of Prince Vitrified Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Prince Vitrified Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2017 | 100073955 | Others | ₹1 Cr | Open | |
| 10 Jul 2010 | 10232851 | State Bank of India | ₹21.52 Cr | Open |
To see the full charge records of Prince Vitrified Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Prince Vitrified Private Limited has 20 court cases on record: 9 filed by Prince Vitrified, 11 filed against it. 1 case is pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 10 | 1 | 1 |
| District courts | 7 | 7 | 0 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Court case (SPCS) | Filed against the company by The Paschim Gujarat Vij Co. Ltd. | Disposed |
| District court, Vadodara, Gujarat | Court case (SPCS) | Filed against the company by Torrecid India Pvt.Ltd | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by Reliance Commercial Finance Ltd. | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against individuals | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by State Tax Officer | Disposed |
To see the full case history of Prince Vitrified 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.
Credit ratings & regulatory alerts
Prince Vitrified Private Limited was last rated by Brickwork on 08 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 08 Nov 2019 |
To see the full credit ratings and regulatory alerts of Prince Vitrified Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prince Vitrified Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prince Vitrified Private Limited has a workforce of 18 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Prince Vitrified has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCP3673E2ZI | Gujarat | Active | 25 May 2021 |
To see the full GST registrations and return filing status of Prince Vitrified Private Limited, buy the company report.
Recent activity
Prince Vitrified Private Limited has 10 board changes on record since 2010: 4 appointments and 6 cessations. The latest: Jignesh Dharamashibhai Loria ceased to be Director on 31 Jan 2018.
4 earlier events are in the company report.
Frequently asked questions
Prince Vitrified 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.
Prince Vitrified is a company under liquidation, formerly operating as a private limited company based in Wankaner, Gujarat, India. The company works in ceramics, sanitaryware and tile, within the manufacturing industry. It was incorporated on 27 February 2010 and is registered under CIN U26933GJ2010PTC059723. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prince Vitrified has 4 current directors:
- Chandreshkumar Maganbhai Patel - Director
- Dushyant Manjibhai Saravadiya - Director
- Savan Chandulal Jakasaniya - Director
- Narendra Kantilal Likhia - Director
The latest financial statements of Prince Vitrified on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Prince Vitrified is U26933GJ2010PTC059723. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prince Vitrified has open charges of ₹22.52 Cr and no satisfied charges on record as per latest MCA filings.
Prince Vitrified has 20 court cases on record: 9 filed by the company and 11 filed against it. 1 is pending. Most are in the nclt.
Prince Vitrified was incorporated on 27 February 2010. It is registered with the Registrar of Companies, Ahmedabad.
Jignesh Dharamashibhai Loria ceased to be Director on 31 Jan 2018. Dilipbhai Patel ceased to be Director on 26 Nov 2016. Savan Chandulal Jakasaniya was appointed as Director on 25 Nov 2016. Prince Vitrified has 10 board changes on record in total.
Prince Vitrified can be reached through the website princetiles.com. Its registered office is in Wankaner, Gujarat, India.