About Vargo Petro-Tech Private Limited
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Vargo Petro-Tech Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 11 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74210GJ2008PTC052634. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pinky Pragnesh Shah (Whole-Time Director) and Pragnesh Balkrishna Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2017, the company reported a revenue of ₹7.51 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹10.42 Lakh (net margin -138.8%) and EBITDA of -₹3.49 Lakh (EBITDA margin -46.4%).
Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website vargopetro-tech.com.
Company details
Contact details
Vargo Petro-Tech Private Limited's registered office is in Vadodara, Gujarat. Its website is vargopetro-tech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address603 Imperial Heights Akshar Chowk Near Kalali Railway Crossing End Of O.P, . Road, Vadodara, Gujarat, India – 390020
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of Vargo Petro-Tech Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Vargo Petro-Tech is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Vargo Petro-Tech Private Limited, buy the company report.
Financials of Vargo Petro-Tech Private Limited
FY 2017 filings availableVargo Petro-Tech Private Limited reported revenue of ₹7.51 Lakh (down 88% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 88% in the latest year. EBITDA rose 83% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹7.51 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹3.49 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹10.42 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -46.4% | ||
| Net Profit Margin | -138.8% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Vargo Petro-Tech Private Limited, buy the company report.
Board of directors of Vargo Petro-Tech Private Limited
Vargo Petro-Tech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pinky Pragnesh Shah | Whole-Time Director | 11 Jan 2008 | 18 Years 9 Months | Current |
| Pragnesh Balkrishna Shah | Whole-Time Director | 11 Jan 2008 | 18 Years 9 Months | Current |
Auditor
Vargo Petro-Tech Private Limited is audited by SHAH & BHANDARI for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & BHANDARI | FY 2017 | 118852W |
Shareholding
The shareholding of Vargo Petro-Tech Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vargo Petro-Tech Private Limited, buy the company report.
Legal cases
Vargo Petro-Tech Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Gardner Denver Engineering Products India Pvt. Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Gardner Denver Engineering Products India Pvt. Ltd. | Disposed |
To see the full case history of Vargo Petro-Tech Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vargo Petro-Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vargo Petro-Tech has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vargo Petro-Tech Private Limited, buy the company report.
Recent activity
Vargo Petro-Tech Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Pinky Pragnesh Shah was appointed as Whole-Time Director on 11 Jan 2008.
Frequently asked questions
Vargo Petro-Tech is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 11 January 2008 (18+ years old) and is registered under CIN U74210GJ2008PTC052634.
Vargo Petro-Tech has 2 current directors:
- Pinky Pragnesh Shah - Whole-Time Director
- Pragnesh Balkrishna Shah - Whole-Time Director
The latest financial statements of Vargo Petro-Tech on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Vargo Petro-Tech has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Vargo Petro-Tech is U74210GJ2008PTC052634. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vargo Petro-Tech has 4 court cases on record: 4 filed against it. 1 is pending.
Vargo Petro-Tech was incorporated on 11 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Pinky Pragnesh Shah was appointed as Whole-Time Director on 11 Jan 2008. Pragnesh Balkrishna Shah was appointed as Whole-Time Director on 11 Jan 2008.
Vargo Petro-Tech can be reached through the website vargopetro-tech.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Vargo Petro-Tech is at 603 Imperial Heights Akshar Chowk Near Kalali Railway Crossing End Of O.P, . Road, Vadodara, Gujarat, India – 390020.
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