Premier Industrial Corporation Profile
Key Indicators
- Authorised Capital ₹ 150.00 Cr
- Paid Up Capital ₹ 79.96 Cr
- Company Age 17 Year, 5 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 five 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
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U27101MH2007PLC172955
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Company No.
172955
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
08 Aug 2007
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Date of AGM
16 Aug 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Dilip Morzaria
|
Managing Director | 08-Aug-2007 | Current |
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Arvind Morzaria
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Managing Director | 08-Aug-2007 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Meet Morzaria
|
Whole-Time Director | 16-Oct-2014 | Current |
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Lalit Morzaria
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Whole-Time Director | 08-Aug-2007 | Current |
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Shaila Mehta
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Director | 19-Feb-2021 | Current |
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Subhash Morzaria
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Whole-Time Director | 08-Aug-2007 | Current |
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Bharat Parekh
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Director | 16-Oct-2014 | Current |
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Smeet Morzaria
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Whole-Time Director | 16-Oct-2014 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Vraj Kamman Developers LlpSubhash Morzaria, Lalit Morzaria and 3 more are mutual person
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Precious Weld Llp
Subhash Morzaria, Dilip Morzaria and 2 more are mutual person
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Bigsteel Llp
Lalit Morzaria is a mutual person
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Kemstar Developers Llp
Meet Morzaria is a mutual person
Charges (Loans)
₹95.00 Cr
₹263.34 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 95.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Apr 2021 | Hdfc Bank Limited | ₹95.00 Cr | Open |
| 18 Jun 2021 | Others | ₹3.65 Cr | Satisfied |
| 22 Jul 2020 | Others | ₹4.45 Cr | Satisfied |
| 30 Oct 2012 | Bank Of Baroda | ₹66.10 Cr | Satisfied |
| 30 Nov 2010 | Standard Chartered Bank | ₹1.70 Cr | Satisfied |
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.
Deals i
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
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.
