Premier Industrial Corporation Limited

ISO-certified company processing ferro and metal for welding electrode industries in domestic and foreign markets.

2007 | Mumbai, Maharashtra (India) | Active
Last Updated:

Premier Industrial Corporation Profile

Key Indicators

  • Authorised Capital ₹ 150.00 Cr
  • Paid Up Capital ₹ 79.96 Cr
  • Company Age 17 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 95.00 Cr
  • Satisfied Charges ₹ 263.34 Cr
  • Revenue Growth -10.64%
  • Profit Growth -31.65%
  • Ebitda -12.22%
  • Net Worth 9.79%
  • Total Assets 24.44%

About Premier Industrial Corporation

Premier Industrial Corporation Limited (PICL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 August 2007 and has a history of 17 years and seven months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 150.00 Cr and a paid-up capital of Rs 79.96 Cr.

The company currently has active open charges totaling ₹95.00 Cr. The company has closed loans amounting to ₹263.34 Cr, as per Ministry of Corporate Affairs (MCA) records.

Subhash Morzaria, Dilip Morzaria, Arvind Morzaria, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27101MH2007PLC172955

  • Company No.

    172955

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Aug 2007

  • Date of AGM

    16 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Metals and Minerals

What products or services does Premier Industrial Corporation Limited offer?

Premier Industrial Corporation Limited offers a wide range of products and services, including Chemical Reagents & Catalysts, Potassium Salts, Metal & Metal Made Products, Nano Powder, Mica Powder, Welding, Rods, Electrodes & Wires, Welding Electrodes, Metal and Alloy Wires, Alloy Wire, Insecticides and Pesticides.

Who are the key members and board of directors at Premier Industrial Corporation?

Executive Team (2)

NameDesignationAppointment DateStatus
Dilip Morzaria Country flag representing In Managing Director08-Aug-2007Current
Arvind Morzaria Country flag representing In Managing Director08-Aug-2007Current

Board Members (8)

NameDesignationAppointment DateStatus
Meet Morzaria Country flag representing In Whole-Time Director 16-Oct-2014Current
Lalit Morzaria Country flag representing In Whole-Time Director 08-Aug-2007Current
Shaila Mehta Country flag representing In Director 19-Feb-2021Current
Subhash Morzaria Country flag representing In Whole-Time Director 08-Aug-2007Current
Bharat Parekh Country flag representing In Director 16-Oct-2014Current
Smeet Morzaria Country flag representing In Whole-Time Director 16-Oct-2014Current

Financial Performance of Premier Industrial Corporation.

Premier Industrial Corporation Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 10.64% decrease. The company also saw a substantial fall in profitability, with a 31.65% decrease in profit. The company's net worth moved up by a moderate rise of 9.79%.

Premier Industrial Corporation revenue growth over time
Premier Industrial Corporation 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
-10.64%
Revenue from Operations
-10.25%
Total Assets
24.44%
Profit or Loss
-31.65%
Net Worth
9.79%
EBITDA
-12.22%

What is the Ownership and Shareholding Structure of Premier Industrial Corporation?

In 2021, Premier Industrial Corporation 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

₹95.00 Cr

Satisfied Charges

₹263.34 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 95.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Apr 2021Hdfc Bank Limited₹95.00 CrOpen
18 Jun 2021Others₹3.65 CrSatisfied
22 Jul 2020Others₹4.45 CrSatisfied
30 Oct 2012Bank Of Baroda₹66.10 CrSatisfied
30 Nov 2010Standard Chartered Bank₹1.70 CrSatisfied

How Many Employees Work at Premier Industrial Corporation?

Premier Industrial Corporation has a workforce of 140 employees as of Apr 06, 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.

Employee growth trends for Premier Industrial Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Premier Industrial Corporation, 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 Premier Industrial Corporation'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 Premier Industrial Corporation

Recent activity within the organization

  • Charges

    A charge registered on 18 Jun 2021 via Charge ID 100456580 with Others was fully satisfied on 13 Nov 2024.

  • Charges

    A charge registered on 22 Jul 2020 via Charge ID 100425654 with Others was fully satisfied on 13 Nov 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 95.00 Cr registered on 28 Apr 2021 with Charge ID 100441865 was modified on 23 Sep 2024.

  • Annual General Meeting

    Premier Industrial Corporation Limited last Annual general meeting of members was held on 16 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Premier Industrial Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Others amounted to Rs. 3.65 Cr with Charge ID 100456580 was registered on 18 Jun 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Premier Industrial Corporation Limited?

    Premier Industrial Corporation Limited was incorporated on 08 Aug 2007.

  • What is authorized share capital and paid-up capital of Premier Industrial Corporation Limited?

    The authorized share capital of Premier Industrial Corporation Limited is ₹ 150.00 Cr and paid-up capital is ₹ 79.96 Cr.

  • Who are the current board members & directors of Premier Industrial Corporation Limited?

    Currently 10 directors are associated with Premier Industrial Corporation Limited.

    • Subhash Chotalal Morzaria
    • Dilip Chhotalal Morzaria
    • Arvind Chhotalal Morzaria
    • Lalit Navin Morzaria
    • Bharat Balkrishna Parekh
    • Smeet Arvind Morzaria
    • Shaila Dilip Mehta
    • Kashmira Bharat Parekh
    • Meet Arvind Morzaria
    • Anand Dilip Morzaria

  • What is the registered address of Premier Industrial Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Premier Industrial Corporation Limited is 5Th Floor Kailash Corporate Lounge Godrej Hiranandani Link Road Park Site, Vikroli West India, Mumbai, Maharashtra, 400079.

  • What is the corporate identification number (CIN) and company number of Premier Industrial Corporation Limited?

    The corporate identification number (CIN) of Premier Industrial Corporation Limited is U27101MH2007PLC172955 and the company number is 172955 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Premier Industrial Corporation Limited?

    The Official website of Premier Industrial Corporation Limited is https://www.kammangroup.com

  • What has been the recent revenue trend for Premier Industrial Corporation Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Premier Industrial Corporation Limited has fallen by -10.64%.

  • How many employees does Premier Industrial Corporation Limited currently have?

    As Per 2021 financial reports, 140 employees are currently employed by Premier Industrial Corporation Limited.

  • What change has been observed in the net worth of Premier Industrial Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Premier Industrial Corporation Limited has experienced an upsurge of 9.79%.

  • What are the total open charges for Premier Industrial Corporation Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Premier Industrial Corporation Limited amount to ₹ 95.00 Cr.

  • When was the last Balance Sheet of Premier Industrial Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Premier Industrial Corporation Limited was filed with the ROC on 31 Mar 2024.

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