Veeraiah Solvents Private Limited
About Veeraiah Solvents Private Limited
Data last updated:
Veeraiah Solvents Private Limited was a private limited company based in Krishna, Andhra Pradesh, India, operated as a subsidiary of Veeraiah Non-Conventional Power Projects Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solvent and oil extraction tech segment of the chemicals and materials sector. It was incorporated on 10 August 2004.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U15143AP2004PTC043871. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.89 Cr. It was led by directors including Divakar Pinnamaneni (Managing Director) and Ramakoteswara Rao Kamineni.
Its last annual general meeting (AGM) was held on 25 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Kurumaddali Village Pamarru Mandal Krishna Dist., Andhra Pradesh, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹19.66 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹5.66 Lakh (net margin 0.3%) and EBITDA of ₹81.15 Lakh (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 86% over three years.
The company had about 30 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.
Company details
Contact details
Veeraiah Solvents Private Limited's registered office is in Krishna, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKurumaddali Village Pamarru Mandal Krishna Dist., Andhra Pradesh, India
- IndustryChemicals and Materials, Solvent & Oil Extraction Tech
To see the full contact details of Veeraiah Solvents 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
Financials of Veeraiah Solvents Private Limited
FY 2018 filings availableVeeraiah Solvents Private Limited reported revenue of ₹19.66 Cr (down 4% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 86%. EBITDA rose 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹19.66 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹81.15 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.66 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.1% | |||
| Net Profit Margin | 0.3% | |||
| 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 Veeraiah Solvents Private Limited, buy the company report.
Board of directors of Veeraiah Solvents Private Limited
Veeraiah Solvents has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramakoteswara Rao Kamineni | Director | 29 Nov 2004 | 21 Years 11 Months | As last reported |
| Pinnamaneni Poorna Veeraiah | Director | 10 Aug 2004 | 22 Years 2 Months | As last reported |
| Pinnamaneni Suresh | Director | 29 Nov 2004 | 21 Years 11 Months | As last reported |
| Divakar Pinnamaneni | Managing Director | 10 Aug 2004 | 22 Years 2 Months | As last reported |
Auditor
Veeraiah Solvents Private Limited is audited by NAGABHUSHANAM & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAGABHUSHANAM & CO | FY 2018 | 002257S |
Shareholding
The shareholding of Veeraiah Solvents Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Veeraiah Solvents Private Limited, buy the company report.
Legal cases
Veeraiah Solvents Private Limited has 4 court cases on record: 1 filed by Veeraiah Solvents, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishna, Andhra Pradesh | Civil suit | Filed by the company against an individual | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed against the company | Disposed |
To see the full case history of Veeraiah Solvents 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 Veeraiah Solvents Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veeraiah Solvents Private Limited has a workforce of 30 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Veeraiah Solvents 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 Veeraiah Solvents Private Limited, buy the company report.
Recent activity
Veeraiah Solvents Private Limited has 6 board changes on record since 2004: 4 appointments and 2 cessations. The latest: Veeraiah Pinnamaneni ceased to be Director on 28 Nov 2016.
Frequently asked questions
Veeraiah Solvents has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Veeraiah Solvents was a private limited company based in Krishna, Andhra Pradesh, India. The company worked in solvent and oil extraction tech, within the chemicals and materials industry. It was incorporated on 10 August 2004 and is registered under CIN U15143AP2004PTC043871. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Veeraiah Solvents was incorporated on 10 August 2004. It is registered with the Registrar of Companies, Vijayawada.
Veeraiah Solvents had 4 directors:
- Divakar Pinnamaneni - Managing Director
- Ramakoteswara Rao Kamineni - Director
- Pinnamaneni Poorna Veeraiah - Director
- Pinnamaneni Suresh - Director
The CIN (Corporate Identification Number) of Veeraiah Solvents is U15143AP2004PTC043871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Veeraiah Solvents is at Kurumaddali Village Pamarru Mandal Krishna Dist., Andhra Pradesh, India.
The latest financial statements of Veeraiah Solvents on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 September 2018. Year-wise statements from 2015 are in the company report.
No. Veeraiah Solvents has 1 GST registration on record and it is cancelled or inactive.
Veeraiah Solvents operated in the chemicals and materials industry, in the solvent and oil extraction tech segment.
Veeraiah Solvents has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the high courts.
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