Precision Coatings Pvt Ltd

Surgical dressings manufacturer with global reach and ISO certification.

1986 | Indore, Madhya Pradesh (India) | Active
Last Updated: October 23, 2024

Precision Coatings Profile

Key Indicators

  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 1.38 M
  • Company Age 38 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.20 Cr
  • Satisfied Charges ₹ 2.73 Cr
  • Revenue Growth 20.92%
  • Profit Growth 14.17%
  • Ebitda 14.13%
  • Net Worth 18.95%
  • Total Assets 13.21%

About Precision Coatings

Precision Coatings Pvt Ltd (PCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 21 August 1986 and has a history of 38 years and five months. Its registered office is in Indore, Madhya Pradesh, India.

The Company is engaged in the Healthcare 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 1.50 M and a paid-up capital of Rs 1.38 M.

The company currently has active open charges totaling ₹4.20 Cr. The company has closed loans amounting to ₹2.73 Cr, as per Ministry of Corporate Affairs (MCA) records.

Nirupma Sethi, Raju Sethi, and Dhananjay Sethi serve as directors at the Company.

Company Details

  • Location

    Indore, Madhya Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    medigrip.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U29101MP1986PTC003544

  • Company No.

    003544

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    21 Aug 1986

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Gwalior

Industry

Healthcare

What products or services does Precision Coatings Pvt Ltd offer?

Precision Coatings Pvt Ltd offers a wide range of products and services, including Adhesive & Pressure Sensitive Tapes, Safety Tapes, Bandages & Dressing Disposables, Bandages, Orthopedic Equipment & Supplies, Plaster Room Equipment, Hospital Dressings, Physiotherapy & Rehab Aids, Rehabilitation Equipment, Ayurvedic,Herbal Products & Medicine.

Who are the key members and board of directors at Precision Coatings?

Board Members (3)

Name Designation Appointment Date Status
Nirupma Sethi Country flag representing In Director 01-Oct-2006 Current
Raju Sethi Country flag representing In Director 21-Aug-1986 Current
Dhananjay Sethi Country flag representing In Director 07-Jul-2015 Current

Financial Performance of Precision Coatings.

Precision Coatings Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 20.92% increase. The company also saw a substantial improvement in profitability, with a 14.17% increase in profit. The company's net worth Soared by an impressive increase of 18.95%.

Graph illustrating revenue growth over time
Graph showing 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
20.92%
Revenue from Operations
22.01%
Total Assets
13.21%
Profit or Loss
14.17%
Net Worth
18.95%
EBITDA
14.13%

What is the Ownership and Shareholding Structure of Precision Coatings?

In 2023, Precision Coatings had a promoter holding of 99.24% and a public holding of 0.76%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹42.03 M

Satisfied Charges

₹27.30 M

Charges Breakdown by Lending Institutions

  • Others : 3.50 Cr
  • Hdfc Bank Limited : 0.70 Cr

Latest Charge Details

Date Lender Amount Status
13 May 2022 Hdfc Bank Limited ₹7.03 M Open
25 Aug 2012 Others ₹3.50 Cr Open
15 Feb 2011 Citibank N. A. ₹1.75 Cr Satisfied
16 Aug 2000 Madhya Pradesh Financial Corporation ₹2.00 M Satisfied
29 Apr 1999 Bank Of India ₹2.80 M Satisfied

How Many Employees Work at Precision Coatings?

Precision Coatings has a workforce of 131 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Precision Coatings, 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 Precision Coatings'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 Precision Coatings

Recent activity within the organization

  • Annual General Meeting

    Precision Coatings Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Precision Coatings Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 7.03 M with Charge ID 100585221 was registered on 13 May 2022.

    13 May 2022

  • Charges

    A charge with Others of Rs. 35.00 M registered on 25 Aug 2012 with Charge ID 10381655 was modified on 26 Mar 2019.

    26 Mar 2019

  • Charges

    A charge registered on 15 Feb 2011 via Charge ID 10269495 with Citibank N. A. was fully satisfied on 26 Sep 2016.

    26 Sep 2016

  • Director Appointment

    Dhananjay Sethi was appointed as a Director was appointed as a Director on 07 Jul 2015 & has been associated with this company since 9 years 7 months .

    07 Jul 2015

Frequently asked questions

  • Precision Coatings Pvt Ltd was incorporated on 21 Aug 1986.

  • The authorized share capital of Precision Coatings Pvt Ltd is ₹ 1.50 M and paid-up capital is ₹ 1.38 M.

  • Currently 3 directors are associated with Precision Coatings Pvt Ltd.

    • Nirupma Sethi
    • Raju Sethi
    • Dhananjay Sethi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Precision Coatings Pvt Ltd is Ec-80 Scheme No 94-C Ring Road, Opp.Hotel Radisson India, Indore, Madhya Pradesh, 452010.

  • The corporate identification number (CIN) of Precision Coatings Pvt Ltd is U29101MP1986PTC003544 and the company number is 003544 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Precision Coatings Pvt Ltd is https://www.medigrip.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Precision Coatings Pvt Ltd has risen by 20.92%.

  • As Per 2023 financial reports, 131 employees are currently employed by Precision Coatings Pvt Ltd.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Precision Coatings Pvt Ltd has experienced an upsurge of 18.95%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Precision Coatings Pvt Ltd amount to ₹ 4.20 Cr.

  • The most recent Balance Sheet for Precision Coatings Pvt Ltd was filed with the ROC on 31 Mar 2023.

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