Prime Advance Polishing Systems Profile
Key Indicators
- Authorised Capital ₹ 1.50 M
- Paid Up Capital ₹ 1.50 M
- Company Age 19 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.88 Cr
- Satisfied Charges ₹ 2.10 Cr
- Revenue Growth -44.08%
- Profit Growth -132.18%
- Ebitda -40.16%
- Net Worth -8.48%
- Total Assets -5.80%
About Prime Advance Polishing Systems
Prime Advance Polishing Systems Private Limited (PAPSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 April 2005 and has a history of 19 years and 11 months. Its registered office is in Vadodara, Gujarat, 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 2024. It's a company limited by shares with an authorized capital of Rs 1.50 M and a paid-up capital of Rs 1.50 M.
The company currently has active open charges totaling ₹5.88 Cr. The company has closed loans amounting to ₹2.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
Priteshkumar Shah, Chhyaben Shah, Atulkumar Shah, and One other member serve as directors at the Company.
Company Details
- Location
Vadodara, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U74990GJ2005PTC045811
- Company No.
045811
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Apr 2005
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Machinery and Equipment
What products or services does Prime Advance Polishing Systems Private Limited offer?
Prime Advance Polishing Systems Private Limited offers a wide range of products and services, including Oxygen & Nitrogen Gas Plants, Air Receiver, Industrial Chemicals & Supplies, Metal Surface Treatment Chemicals, Chemical Reactors and Process Tanks, Pressure Vessels, Metal Finishing & Coating Services, Electroplating Services, Blasting Job Works, Glass Bead Blasting Service.
Who are the key members and board of directors at Prime Advance Polishing Systems?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kalpanaben Shah  | Director | 31-May-2014 | Current |
| Priteshkumar Shah | Director | 04-Apr-2005 | Current |
| Chhyaben Shah | Director | 30-Sep-2005 | Current |
| Atulkumar Shah | Director | 31-May-2014 | Current |
Financial Performance of Prime Advance Polishing Systems.
Prime Advance Polishing Systems Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 44.08% decrease. The company also saw a substantial fall in profitability, with a 132.18% decrease in profit. The company's net worth dipped by a decrease of 8.48%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Prime Advance Polishing Systems?
In 2022, Prime Advance Polishing Systems had a promoter holding of 59.92% and a public holding of 40.08%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Twenty First Century Castings Private LimitedPriteshkumar Shah and Chhyaben Shah are mutual person
Suryadeep Alloy Steel Castings Private LimitedPriteshkumar Shah and Atulkumar Shah are mutual person
Cryonxt LlpPriteshkumar Shah is a mutual person
Charges (Loans)
Open Charges
₹58.79 M
Satisfied Charges
₹21.00 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 5.88 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 May 2023 | Hdfc Bank Limited | ₹3.17 Cr | Open |
| 15 May 2019 | Hdfc Bank Limited | ₹2.03 Cr | Open |
| 31 Jan 2019 | Hdfc Bank Limited | ₹6.80 M | Open |
| 24 Mar 2014 | Dena Bank | ₹1.35 Cr | Satisfied |
| 22 Apr 2010 | Dena Bank | ₹3.50 M | Satisfied |
How Many Employees Work at Prime Advance Polishing Systems?
Prime Advance Polishing Systems has a workforce of 22 employees as of Mar 26, 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 Prime Advance Polishing Systems, 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 Prime Advance Polishing Systems'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.
Latest Updates, News, and FAQs on Prime Advance Polishing Systems
Recent activity within the organization
- Annual General Meeting
Prime Advance Polishing Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Prime Advance Polishing Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 31.68 M with Charge ID 100760630 was registered on 19 May 2023.
- Charges
A charge with Hdfc Bank Limited of Rs. 20.30 M registered on 15 May 2019 with Charge ID 100268099 was modified on 15 Mar 2023.
- Charges
A charge with Hdfc Bank Limited of Rs. 6.80 M registered on 31 Jan 2019 with Charge ID 100245537 was modified on 23 Jun 2020.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.30 M with Charge ID 100268099 was registered on 15 May 2019.
Frequently asked questions
What is the Incorporation or founding date of Prime Advance Polishing Systems Private Limited?
Prime Advance Polishing Systems Private Limited was incorporated on 04 Apr 2005.
What is authorized share capital and paid-up capital of Prime Advance Polishing Systems Private Limited?
The authorized share capital of Prime Advance Polishing Systems Private Limited is ₹ 1.50 M and paid-up capital is ₹ 1.50 M.
Who are the current board members & directors of Prime Advance Polishing Systems Private Limited?
Currently 4 directors are associated with Prime Advance Polishing Systems Private Limited.
- Priteshkumar Jayantilal Shah
- Chhyaben Pritesh Shah
- Atulkumar Jyantilal Shah
- Kalpanaben Atulbhai Shah
What is the registered address of Prime Advance Polishing Systems Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Prime Advance Polishing Systems Private Limited is B-7 Gangotri Apartment, R.V.Desai Road Near Navapura Police Station India, Vadodara, Gujarat, 390001.
What is the corporate identification number (CIN) and company number of Prime Advance Polishing Systems Private Limited?
The corporate identification number (CIN) of Prime Advance Polishing Systems Private Limited is U74990GJ2005PTC045811 and the company number is 045811 as per Ministry of Corporate Affairs (MCA).
What is the official website of Prime Advance Polishing Systems Private Limited?
The Official website of Prime Advance Polishing Systems Private Limited is https://www.primeadvance.in
What has been the recent revenue trend for Prime Advance Polishing Systems Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Prime Advance Polishing Systems Private Limited has fallen by -44.08%.
How many employees does Prime Advance Polishing Systems Private Limited currently have?
As Per 2022 financial reports, 22 employees are currently employed by Prime Advance Polishing Systems Private Limited.
What change has been observed in the net worth of Prime Advance Polishing Systems Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Prime Advance Polishing Systems Private Limited has experienced an downturn of -8.48%.
What are the total open charges for Prime Advance Polishing Systems Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Prime Advance Polishing Systems Private Limited amount to ₹ 5.88 Cr.
When was the last Balance Sheet of Prime Advance Polishing Systems Private Limited filed with the ROC?
The most recent Balance Sheet for Prime Advance Polishing Systems Private Limited was filed with the ROC on 31 Mar 2024.