Prece Grip Private Limited

Wholesale trading of machinery and parts, as well as real estate activities.

1975 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Prece Grip Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 0.50 M
  • Company Age 50 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 13.05 Cr
  • Satisfied Charges ₹ 7.84 M
  • Revenue Growth 1.57%
  • Profit Growth -33.21%
  • Ebitda -265.52%
  • Net Worth 65.78%
  • Total Assets 299.50%

About Prece Grip

Prece Grip Private Limited (PGPL) is a Private Limited Indian Non-Government Company incorporated in India on 24 January 1975 and has a history of 50 years and one month. Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Machinery And Equipment 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 5.00 Cr and a paid-up capital of Rs 0.50 M.

The company currently has active open charges totaling ₹13.05 Cr. The company has closed loans amounting to ₹7.84 M, as per Ministry of Corporate Affairs (MCA) records.

Ramakrishnan Venkatakrishnan and Chandhana Ramesh serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    speroindia.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U70100TN1975PTC006838

  • Company No.

    006838

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Jan 1975

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Machinery and Equipment

Who are the key members and board of directors at Prece Grip?

Board Members (2)

NameDesignationAppointment DateStatus
Ramakrishnan Venkatakrishnan Country flag representing In Director 30-Sep-2022Current
Chandhana Ramesh Country flag representing In Additional Director 12-Jun-2024Current

Financial Performance of Prece Grip.

Prece Grip Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 1.57% increase. The company also saw a substantial fall in profitability, with a 33.21% decrease in profit. The company's net worth Soared by an impressive increase of 65.78%.

Prece Grip revenue growth over time
Prece Grip profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
1.57%
Revenue from Operations
Total Assets
299.50%
Profit or Loss
-33.21%
Net Worth
65.78%
EBITDA
-265.52%

What is the Ownership and Shareholding Structure of Prece Grip?

In 2023, Prece Grip had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹13.05 Cr

Satisfied Charges

₹0.78 Cr

Charges Breakdown by Lending Institutions

  • Others : 13.05 Cr

Latest Charge Details

DateLenderAmountStatus
03 Jan 2023Others₹13.05 CrOpen
19 Jun 1996The Tamil Nadu Industrial Investment Corporation Ltd₹2.09 MSatisfied
04 Aug 1995Central Bank Of India₹1.15 MSatisfied
16 Sep 1992Central Bank Of India₹0.73 MSatisfied
29 Jun 1992Central Bank Of India₹0.73 MSatisfied

How Many Employees Work at Prece Grip?

Unlock and access historical data on people associated with Prece Grip, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Prece Grip Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Prece Grip, 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 Prece Grip's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Prece Grip

Recent activity within the organization

  • Director Appointment

    Chandhana Ramesh was appointed as a Additional Director was appointed as a Additional Director on 12 Jun 2024 & has been associated with this company since 8 months 21 days .

  • Annual General Meeting

    Prece Grip Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Prece Grip Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

  • Charges

    A charge with Others amounted to Rs. 13.05 Cr with Charge ID 100675183 was registered on 03 Jan 2023.

  • Director Appointment

    Ramakrishnan Venkatakrishnan was appointed as a Director was appointed as a Director on 30 Sep 2022 & has been associated with this company since 2 years 5 months .

  • Charges

    A charge registered on 25 Mar 1981 via Charge ID 90303171 with The Tamilnadu Industrial Investmment Corporation Ltd was fully satisfied on 18 May 2017.

Frequently asked questions

  • What is the Incorporation or founding date of Prece Grip Private Limited?

    Prece Grip Private Limited was incorporated on 24 Jan 1975.

  • What is authorized share capital and paid-up capital of Prece Grip Private Limited?

    The authorized share capital of Prece Grip Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 0.50 M.

  • Who are the current board members & directors of Prece Grip Private Limited?

    Currently 2 directors are associated with Prece Grip Private Limited.

    • Ramakrishnan Venkatakrishnan
    • Chandhana Ramesh

  • What is the registered address of Prece Grip Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Prece Grip Private Limited is Sp 7A Industrial Estate Guindy Chennai-600032, Tamil Nadu, India.

  • What is the corporate identification number (CIN) and company number of Prece Grip Private Limited?

    The corporate identification number (CIN) of Prece Grip Private Limited is U70100TN1975PTC006838 and the company number is 006838 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Prece Grip Private Limited?

    The Official website of Prece Grip Private Limited is https://www.speroindia.com

  • What has been the recent revenue trend for Prece Grip Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Prece Grip Private Limited has risen by 1.57%.

  • What change has been observed in the net worth of Prece Grip Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Prece Grip Private Limited has experienced an upsurge of 65.78%.

  • What are the total open charges for Prece Grip Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Prece Grip Private Limited amount to ₹ 13.05 Cr.

  • When was the last Balance Sheet of Prece Grip Private Limited filed with the ROC?

    The most recent Balance Sheet for Prece Grip Private Limited was filed with the ROC on 31 Mar 2023.

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