Prestige Spinners Pvt Ltd

Manufacturer and supplier of various types of yarn and hosiery goods since 1989.

1989 | Ludhiana, Punjab (India) | Active
Last Updated: October 23, 2024

Prestige Spinners Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.24 M
  • Company Age 35 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3.50 Cr
  • Satisfied Charges ₹ 1.50 M
  • Revenue Growth 2.46%
  • Profit Growth -80.02%
  • Ebitda -73.85%
  • Net Worth 0.52%
  • Total Assets 16.46%

About Prestige Spinners

Prestige Spinners Pvt Ltd (PSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 June 1989 and has a history of 35 years and seven months. Its registered office is in Ludhiana, Punjab, India.

The Company is engaged in the Fashion And Textile 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 2.50 M and a paid-up capital of Rs 1.24 M.

The company currently has active open charges totaling ₹3.50 Cr. The company has closed loans amounting to ₹1.50 M, as per Ministry of Corporate Affairs (MCA) records.

Mudit Gupta, Raman Gupta, and Radhika Gupta serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17297PB1989PTC009432

  • Company No.

    009432

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    15 Jun 1989

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Fashion and Textile
Manufacturing

Who are the key members and board of directors at Prestige Spinners?

Board Members (3)

Name Designation Appointment Date Status
Mudit Gupta Country flag representing In Director 10-Jun-2006 Current
Raman Gupta Country flag representing In Director 02-Jan-2001 Current
Radhika Gupta Country flag representing In Director 13-Oct-2003 Current

Financial Performance of Prestige Spinners.

Prestige Spinners Pvt Ltd, for the financial year ended 2023, experienced modest growth in revenue, with a 2.46% increase. The company also saw a substantial fall in profitability, with a 80.02% decrease in profit. The company's net worth moved up by a moderate rise of 0.52%.

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
2.46%
Revenue from Operations
1.75%
Total Assets
16.46%
Profit or Loss
-80.02%
Net Worth
0.52%
EBITDA
-73.85%

What is the Ownership and Shareholding Structure of Prestige Spinners?

In 2023, Prestige Spinners 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

₹35.00 M

Satisfied Charges

₹1.50 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 2.80 Cr
  • Bank Of Punjab Ltd : 0.70 Cr

Latest Charge Details

Date Lender Amount Status
16 Sep 2006 Hdfc Bank Limited ₹2.80 Cr Open
30 Jun 2004 Bank Of Punjab Ltd ₹7.00 M Open
15 May 1991 State Bank Of India ₹1.50 M Satisfied

How Many Employees Work at Prestige Spinners?

Prestige Spinners has a workforce of 6 employees as of Apr 09, 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 Prestige Spinners, 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 Prestige Spinners'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 Prestige Spinners

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

    Prestige Spinners Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited of Rs. 28.00 M registered on 16 Sep 2006 with Charge ID 10023566 was modified on 21 Aug 2015.

    21 Aug 2015

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 28.00 M with Charge ID 10023566 was registered on 16 Sep 2006.

    16 Sep 2006

  • Director Appointment

    Mudit Gupta was appointed as a Director was appointed as a Director on 10 Jun 2006 & has been associated with this company since 18 years 8 months .

    10 Jun 2006

  • Charges

    A charge registered on 15 May 1991 via Charge ID 90179247 with State Bank Of India was fully satisfied on 23 Mar 2006.

    23 Mar 2006

Frequently asked questions

  • Prestige Spinners Pvt Ltd was incorporated on 15 Jun 1989.

  • The authorized share capital of Prestige Spinners Pvt Ltd is ₹ 2.50 M and paid-up capital is ₹ 1.24 M.

  • Currently 3 directors are associated with Prestige Spinners Pvt Ltd.

    • Mudit Gupta
    • Raman Kumar Gupta
    • Radhika Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Prestige Spinners Pvt Ltd is 186Industrial Area A Ludhiana India, Punjab, 141003.

  • The corporate identification number (CIN) of Prestige Spinners Pvt Ltd is U17297PB1989PTC009432 and the company number is 009432 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Prestige Spinners Pvt Ltd has risen by 2.46%.

  • As Per 2023 financial reports, 6 employees are currently employed by Prestige Spinners Pvt Ltd.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Prestige Spinners Pvt Ltd has experienced an upsurge of 0.52%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Prestige Spinners Pvt Ltd amount to ₹ 3.50 Cr.

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