Premium International Impex Pvt. Ltd.
The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.
What did the wind-down return?
Reported financials Rs crore, shown in lakh below Rs 1 crore
Where the money went
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 1.90 Cr |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 16.00 L |
| Surplus to members | Rs 1.74 Cr |
"Not reported" means no figure is available. A reported zero is shown as zero. Registry capital further down the page is separate from liquidation proceeds, and so are any figures read from the NCLT order.
Where this wind-down sits
against every completed s.59 on the register145 days faster than the median of 618 days across 1,597 completed wind-downs
the median is 9.5%
72% of completed wind-downs returned a surplus to members
above the median realisation of Rs 66.00 L
This is a voluntary liquidation under IBC Section 59 — a solvent company choosing to wind up. Creditors are paid in full and costs met before any surplus returns to members; there is no haircut and no acquirer. Read assets realised, creditor payments, expenses and members' surplus separately. Here, Rs 1.74 Cr in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- HYDERABAD BENCH
- Case number
- CP No. 35/59/HDB/2019
- Order date
- 1 Feb 2019
Dissolved effective order date
What the bench said
The Liquidator has complied the Liquidation process as per the Provisions of Section 59 of the Code and also as per IBBI (Voluntary Liquidation Process) Regulations, 2017
Statutory observations
The Concerned Income Tax Officer vide his letter dated 23rd February, 2018 has conveyed to the liquidator stating that there are no tax arrears outstanding.
Why the company wound up
In the order's own words
- What it was set up to do
- carry on the business of manufactures and dealers in tobacco, cigars, cigarettes, beedies, match-lights, pipes and any other article required by or which may be convenient to smokers and of snuff grinders and merchants and box merchants and to deal in any other articles and things commonly dealt in by tobacconists
- What it was doing by the end
- doing tobacco business in small volumes for the last many years and stopped the same since 3 years
The wind-down, stage by stage
7 dated stages
- 16 Sep 2017 Board resolution to wind up
- 16 Oct 2017 Liquidation commenced
- 17 Oct 2017 Public announcement
- 3 Nov 2017 Preliminary report
- 23 Jan 2019 Last hearing
- 1 Feb 2019 NCLT order
- 1 Feb 2019 Dissolved
Green marks a date from the IBBI register; blue marks a date read from an NCLT order.
The company behind the record
Identity, registration and capital
- MCA status
- Dissolved (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Andhra Pradesh
- ROC
- ROC Vijayawada
- Industry
- Trading
- PIN
- 522001
- Incorporated
- 15 Dec 2004
- Authorised capital
- Rs 2.00 Cr
- Paid-up capital
- Rs 1.46 Cr
- CIN
- U51909AP2004PTC044878
- Registered office
- D.NO. 10-02-09 SAMBASIVAPET, 2ND LINE,,GUNTUR,Andhra Pradesh,522001-India
Directors named in the order
Maddi Lakshmaiah · Maddi Venkateswara Rao
Creditors and claims
As the order records them
The liquidator had not received any claims from the Financial Creditor.
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.