Prime Wires Private Limited

Manufacturer of stitching wire, including box, book, spiral, and binding wire, for global export.

2013 | Thane, Maharashtra (India) | Active
Last Updated: November 16, 2024

Prime Wires Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 11 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.60 Cr
  • Satisfied Charges ₹ 2.92 Cr
  • Revenue Growth 16.48%
  • Profit Growth 13.90%
  • Ebitda 13.76%
  • Net Worth 26.91%
  • Total Assets 2.60%

About Prime Wires

Prime Wires Private Limited (PWPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 July 2013 and has a history of 11 years and seven months. Its registered office is in Thane, Maharashtra, India.

The Company is engaged in the Manufacturing 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 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹2.60 Cr. The company has closed loans amounting to ₹2.92 Cr, as per Ministry of Corporate Affairs (MCA) records.

Hasmukh Shah, Bhavya Shah, and Rajesh Patni serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    jyotistitchingwires.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U28910MH2013PTC245510

  • Company No.

    245510

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Jul 2013

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Prime Wires Private Limited offer?

Prime Wires Private Limited offers a wide range of products and services, including Electrical Cables & Wires, Wires, Metal and Alloy Wires, Binding Wire, Packing Straps, Clips & Supplies, Stitching Wire, Engineering and Shipping Ropes, Wire Ropes, Alloy Wire, Nails & Pins.

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

Board Members (3)

Name Designation Appointment Date Status
Hasmukh Shah Country flag representing In Director 11-Jul-2013 Current
Bhavya Shah Country flag representing In Director 11-Jul-2013 Current
Rajesh Patni Country flag representing In Director 02-Jan-2020 Current

Financial Performance of Prime Wires.

Prime Wires Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.48% increase. The company also saw a substantial improvement in profitability, with a 13.9% increase in profit. The company's net worth Soared by an impressive increase of 26.91%.

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
16.48%
Revenue from Operations
16.55%
Total Assets
2.60%
Profit or Loss
13.90%
Net Worth
26.91%
EBITDA
13.76%

What is the Ownership and Shareholding Structure of Prime Wires?

In 2023, Prime Wires 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

₹25.99 M

Satisfied Charges

₹29.24 M

Charges Breakdown by Lending Institutions

  • Others : 2.60 Cr

Latest Charge Details

Date Lender Amount Status
24 Jun 2021 Others ₹2.60 Cr Open
21 Jul 2014 Hdfc Bank Limited ₹2.92 Cr Satisfied

How Many Employees Work at Prime Wires?

Prime Wires has a workforce of 12 employees as of Mar 29, 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 Prime Wires, 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 Wires'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 Wires

Recent activity within the organization

  • Annual General Meeting

    Prime Wires Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Prime Wires Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge registered on 21 Jul 2014 via Charge ID 10511585 with Hdfc Bank Limited was fully satisfied on 07 Jan 2022.

    07 Jan 2022

  • Charges

    A charge with Others amounted to Rs. 25.99 M with Charge ID 100453462 was registered on 24 Jun 2021.

    24 Jun 2021

  • Charges

    A charge with Hdfc Bank Limited of Rs. 29.24 M registered on 21 Jul 2014 with Charge ID 10511585 was modified on 28 Oct 2020.

    28 Oct 2020

  • Director Appointment

    Rajesh Manubhai Patni was appointed as a Director was appointed as a Director on 02 Jan 2020 & has been associated with this company since 5 years 1 month .

    02 Jan 2020

Frequently asked questions

  • Prime Wires Private Limited was incorporated on 11 Jul 2013.

  • The authorized share capital of Prime Wires Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Prime Wires Private Limited.

    • Hasmukh Sevantilal Shah
    • Bhavya Vasant Shah
    • Rajesh Manubhai Patni
  • As per Ministry of Corporate Affairs (Mca), the registered address of Prime Wires Private Limited is Jay Chamundeshwari Industrial Complex Unit No.12 13 113 Building No.2 S No.54 Naikpada, Vasai- E India, Palghar, Maharashtra, 401208.

  • The corporate identification number (CIN) of Prime Wires Private Limited is U28910MH2013PTC245510 and the company number is 245510 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Prime Wires Private Limited is https://www.jyotistitchingwires.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Prime Wires Private Limited has risen by 16.48%.

  • As Per 2023 financial reports, 12 employees are currently employed by Prime Wires Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Prime Wires Private Limited has experienced an upsurge of 26.91%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Prime Wires Private Limited amount to ₹ 2.60 Cr.

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

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