Prime Steel Industries Private Limited

Manufactures and trades iron and steel products.

2007 | Sangrur, Punjab (India) | Active
Last Updated:

Prime Steel Industries Profile

Key Indicators

  • Authorised Capital ₹ 9.50 Cr
  • Paid Up Capital ₹ 8.14 Cr
  • Company Age 18 Year, 18 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 89.80 Cr
  • Satisfied Charges ₹ 71.66 Cr
  • Revenue Growth 54.83%
  • Profit Growth 59.93%
  • Ebitda 28.34%
  • Net Worth 80.23%
  • Total Assets 55.58%

About Prime Steel Industries

Prime Steel Industries Private Limited (PSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 April 2007 and has a history of 18 years. Its registered office is in Sangrur, Punjab, India.

The Corporate was formerly known as H And M Steel Private Limited. 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 9.50 Cr and a paid-up capital of Rs 8.14 Cr.

The company currently has active open charges totaling ₹89.80 Cr. The company has closed loans amounting to ₹71.66 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rohit Garg and Gunjan Garg serve as directors at the Company.

Company Details

  • Location

    Sangrur, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27109PB2007PTC031088

  • Company No.

    031088

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Apr 2007

  • Date of AGM

    25 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Metals and Minerals
Company report

Prime Steel Industries Private Limited

Explore comprehensive data for Prime Steel Industries Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Prime Steel Industries?

Board Members (2)

NameDesignationAppointment DateStatus
Rohit Garg Country flag representing In Director 21-Jan-2019Current
Gunjan Garg Country flag representing In Director 12-Jan-2019Current

Financial Performance of Prime Steel Industries.

Prime Steel Industries Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 54.83% increase. The company also saw a substantial improvement in profitability, with a 59.93% increase in profit. The company's net worth Soared by an impressive increase of 80.23%.

Prime Steel Industries revenue growth over time
Prime Steel Industries 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
54.83%
Revenue from Operations
55.07%
Total Assets
55.58%
Profit or Loss
59.93%
Net Worth
80.23%
EBITDA
28.34%

What is the Ownership and Shareholding Structure of Prime Steel Industries?

In 2021, Prime Steel Industries 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

₹89.80 Cr

Satisfied Charges

₹71.66 Cr

Charges Breakdown by Lending Institutions

  • Others : 83.40 Cr
  • Hdfc Bank Limited : 6.40 Cr

Latest Charge Details

DateLenderAmountStatus
05 Aug 2024Hdfc Bank Limited₹6.39 MOpen
18 Jul 2024Hdfc Bank Limited₹1.60 CrOpen
13 Jun 2023Hdfc Bank Limited₹1.70 CrOpen
04 Nov 2022Others₹13.21 CrOpen
25 Feb 2022Hdfc Bank Limited₹1.60 CrOpen

How Many Employees Work at Prime Steel Industries?

Prime Steel Industries has a workforce of 26 employees as of Apr 04, 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 Steel Industries Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Prime Steel Industries, 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 Steel Industries'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 Steel Industries

Recent activity within the organization

  • Charges

    A charge registered on 28 Oct 2020 via Charge ID 100391547 with Hdfc Bank Limited was fully satisfied on 07 Nov 2024.

  • Annual General Meeting

    Prime Steel Industries Private Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.64 Cr with Charge ID 100959295 was registered on 05 Aug 2024.

  • Charges

    A charge with Others of Rs. 13.21 Cr registered on 04 Nov 2022 with Charge ID 100641497 was modified on 03 Aug 2024.

  • Charges

    A charge with Others of Rs. 2.95 Cr registered on 12 Jan 2022 with Charge ID 100555323 was modified on 03 Aug 2024.

  • Charges

    A charge with Others of Rs. 11.20 Cr registered on 22 Sep 2021 with Charge ID 100492385 was modified on 03 Aug 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Prime Steel Industries Private Limited?

    Prime Steel Industries Private Limited was incorporated on 25 Apr 2007.

  • What is authorized share capital and paid-up capital of Prime Steel Industries Private Limited?

    The authorized share capital of Prime Steel Industries Private Limited is ₹ 9.50 Cr and paid-up capital is ₹ 8.14 Cr.

  • Who are the current board members & directors of Prime Steel Industries Private Limited?

    Currently 2 directors are associated with Prime Steel Industries Private Limited.

    • Rohit Kumar Garg
    • Gunjan Garg

  • What is the registered address of Prime Steel Industries Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Prime Steel Industries Private Limited is Semi Industry Plot No. 27 Anaj Mandi India, Dirba, Punjab, 148035.

  • What is the corporate identification number (CIN) and company number of Prime Steel Industries Private Limited?

    The corporate identification number (CIN) of Prime Steel Industries Private Limited is U27109PB2007PTC031088 and the company number is 031088 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Prime Steel Industries Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Prime Steel Industries Private Limited has risen by 54.83%.

  • How many employees does Prime Steel Industries Private Limited currently have?

    As Per 2022 financial reports, 26 employees are currently employed by Prime Steel Industries Private Limited.

  • What change has been observed in the net worth of Prime Steel Industries Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Prime Steel Industries Private Limited has experienced an upsurge of 80.23%.

  • What are the total open charges for Prime Steel Industries Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Prime Steel Industries Private Limited amount to ₹ 89.80 Cr.

  • When was the last Balance Sheet of Prime Steel Industries Private Limited filed with the ROC?

    The most recent Balance Sheet for Prime Steel Industries Private Limited was filed with the ROC on 31 Mar 2024.

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