Prime Retail India Limited

Luxury retail company selling watches, mobiles, pens, and lifestyle items through outlets and e-platforms.

1990 | Kolkata, West Bengal (India) | Active
Last Updated:

Prime Retail India Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 11.72 Cr
  • Company Age 34 Year, 9 Months
  • Last Filing with ROC 31 Mar 2020
  • Satisfied Charges ₹ 87.03 Cr
  • Revenue Growth -22.77%
  • Profit Growth -3923.29%
  • Ebitda -491.11%
  • Net Worth -121.08%
  • Total Assets -29.12%

About Prime Retail India

Prime Retail India Limited (PRIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 11 May 1990 and has a history of 34 years and nine months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Chanduka Carriers Pvt Ltd. The Company is engaged in the Consumer Goods Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2020. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 11.72 Cr.

The company has closed loans amounting to ₹87.03 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Manoj Budhia, Vivek Rathi, and Jayesh Rathi serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    theprimewatches.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U63090WB1990PLC048986

  • Company No.

    048986

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 May 1990

  • Date of AGM

    31 Dec 2020

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Consumer Goods

What products or services does Prime Retail India Limited offer?

Prime Retail India Limited offers a wide range of products and services, including Clocks and Watches, Wrist Watch, Chain Watches, Rado Wrist Watch, Omega Watches.

Who are the key members and board of directors at Prime Retail India?

Board Members (3)

NameDesignationAppointment DateStatus
Vivek Rathi Country flag representing In Director 24-Jul-2020Current
Manoj Budhia Country flag representing In Director 24-Jul-2020Current
Jayesh Rathi Country flag representing In Director 24-Jul-2020Current

Financial Performance of Prime Retail India.

Prime Retail India Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 22.77% decrease. The company also saw a substantial fall in profitability, with a 3923.29% decrease in profit. The company's net worth observed a substantial decline by a decrease of 121.08%.

Prime Retail India revenue growth over time
Prime Retail India 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
-22.77%
Revenue from Operations
-21.10%
Total Assets
-29.12%
Profit or Loss
-3923.29%
Net Worth
-121.08%
EBITDA
-491.11%

What is the Ownership and Shareholding Structure of Prime Retail India?

In 2020, Prime Retail India had a promoter holding of 70.14% and a public holding of 29.86%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹87.03 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 71.50 Cr
  • Union Bank Of India : 6.88 Cr
  • Others : 6.00 Cr
  • 3I Infotech Trusteeship Services Limited : 1.50 Cr
  • Kotak Mahindra Bank Limited : 1.00 Cr
  • Others : 0.15 Cr

Latest Charge Details

DateLenderAmountStatus
20 May 2019State Bank Of India₹38.75 CrSatisfied
05 Mar 2018Others₹6.00 CrSatisfied
30 Oct 2014Kotak Mahindra Bank Limited₹1.00 CrSatisfied
20 Apr 20093I Infotech Trusteeship Services Limited₹1.50 CrSatisfied
16 Feb 2009State Bank Of India₹32.75 CrSatisfied

How Many Employees Work at Prime Retail India?

Prime Retail India has a workforce of 0 employees as of Mar 27, 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 Prime Retail India Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Prime Retail India, 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 Retail India'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 Prime Retail India

Recent activity within the organization

  • Charges

    A charge registered on 05 Mar 2018 via Charge ID 100160349 with Others was fully satisfied on 09 Mar 2022.

  • Charges

    A charge registered on 16 Feb 2009 via Charge ID 10147014 with State Bank Of India was fully satisfied on 09 Mar 2022.

  • Charges

    A charge registered on 20 May 2019 via Charge ID 100267485 with State Bank Of India was fully satisfied on 28 Feb 2022.

  • Annual General Meeting

    Prime Retail India Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.

  • Director Appointment

    Manoj Kumar Budhia was appointed as a Director was appointed as a Director on 24 Jul 2020 & has been associated with this company since 4 years 7 months .

  • Director Appointment

    Vivek Rathi was appointed as a Director was appointed as a Director on 24 Jul 2020 & has been associated with this company since 4 years 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Prime Retail India Limited?

    Prime Retail India Limited was incorporated on 11 May 1990.

  • What is authorized share capital and paid-up capital of Prime Retail India Limited?

    The authorized share capital of Prime Retail India Limited is ₹ 20.00 Cr and paid-up capital is ₹ 11.72 Cr.

  • Who are the current board members & directors of Prime Retail India Limited?

    Currently 3 directors are associated with Prime Retail India Limited.

    • Manoj Kumar Budhia
    • Vivek Rathi
    • Jayesh Rathi
  • What is the registered address of Prime Retail India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Prime Retail India Limited is 1/1Camac Street (A.K.A 8/1 Middleton Row Kol-71) 5Th Floor Shree Manjari Building Suite N O 07 India, Kolkata, West Bengal, 700016.

  • What is the corporate identification number (CIN) and company number of Prime Retail India Limited?

    The corporate identification number (CIN) of Prime Retail India Limited is U63090WB1990PLC048986 and the company number is 048986 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Prime Retail India Limited?

    The Official website of Prime Retail India Limited is https://www.theprimewatches.com

  • What has been the recent revenue trend for Prime Retail India Limited?

    According to the financial reports for the fiscal year 2019, the revenue trend for Prime Retail India Limited has fallen by -22.77%.

  • What change has been observed in the net worth of Prime Retail India Limited, and by what percentage?

    The financial reports for the fiscal year 2019 indicates that The net worth of Prime Retail India Limited has experienced an downturn of -121.08%.

  • When was the last Balance Sheet of Prime Retail India Limited filed with the ROC?

    The most recent Balance Sheet for Prime Retail India Limited was filed with the ROC on 31 Mar 2020.

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