Palace Jewellers Profile
Key Indicators
- Authorised Capital ₹ 1.25 Cr
as on 31-07-2024
- Paid Up Capital ₹ 1.15 Cr
as on 31-07-2024
- Company Age 14 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9.00 Cr
as on 31-07-2024
- Satisfied Charges ₹ 10.90 Cr
as on 31-07-2024
- Revenue 26.82%
(FY 2023)
- Profit 41.88%
(FY 2023)
- Ebitda 15.39%
(FY 2023)
- Net Worth 4.94%
(FY 2023)
- Total Assets 5.47%
(FY 2023)
About Palace Jewellers
The Corporate was formerly known as Gourav Jain Jewellers Private Limited. The Company is engaged in the Consumer Goods Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.25 Cr and a paid-up capital of Rs 1.15 Cr.
The company currently has active open charges totaling ₹9.00 Cr. The company has closed loans amounting to ₹10.90 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rakesh Jain and Gourav Jain serve as directors at the Company.
- CIN/LLPIN
U36911PB2010PTC034156
- Company No.
034156
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Aug 2010
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Palace Jewellers?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rakesh Jain  | Director | 05-Aug-2010 | Current |
| Gourav Jain | Director | 05-Aug-2010 | Current |
Financial Performance of Palace Jewellers.
Palace Jewellers Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 26.82% increase. The company also saw a substantial improvement in profitability, with a 41.88% increase in profit. The company's net worth moved up by a moderate rise of 4.94%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Palace Jewellers?
In 2023, Palace Jewellers had a promoter holding of 89.97% and a public holding of 10.03%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 21 Aug 2018 | ₹9.00 Cr | Open |
Indian Overseas Bank Creation Date: 14 Jan 2011 | ₹10.90 Cr | Satisfied |
How Many Employees Work at Palace Jewellers?
Unlock and access historical data on people associated with Palace Jewellers, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Palace Jewellers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Palace Jewellers's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
