About Velocity Rock Machinery Tools Private Limited
Data last updated:
Velocity Rock Machinery Tools Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 24 November 2014.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U29221TG2014PTC096509. Its GSTIN is 36AAECV9559J1ZL (Telangana).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Venkata Subba Reddy Annapureddy and Samrajyam Annapureddy.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2018, the company reported a revenue of ₹8.25 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹42.02 Lakh (net margin 5.1%) and EBITDA of ₹50.58 Lakh (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years.
Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it; 1 case is pending.
The last known website on record is velocitynow.in.
Company details
Contact details
Velocity Rock Machinery Tools Private Limited's registered office is in Hyderabad, Telangana. Its website is velocitynow.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD.No.1 – 4 – 220/17/G1Tog3 Plot No.17 Sainik Enclave Nethaji Nagar 'X' Road, Sainikpuri, Hyderabad, Telangana, India – 500062
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Velocity Rock Machinery Tools 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 Velocity Rock Machinery Tools 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 Velocity Rock Machinery Tools Private Limited, buy the company report.
Financials of Velocity Rock Machinery Tools Private Limited
FY 2018 filings availableVelocity Rock Machinery Tools Private Limited reported revenue of ₹8.25 Cr (up 10% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 64% over three years, including 10% growth in the latest year. EBITDA rose 49% 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 | ₹8.25 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹50.58 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹42.02 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 | 6.1% | |||
| Net Profit Margin | 5.1% | |||
| 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 Velocity Rock Machinery Tools Private Limited, buy the company report.
Board of directors of Velocity Rock Machinery Tools Private Limited
Velocity Rock Machinery Tools has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Subba Reddy Annapureddy | Director | 24 Nov 2014 | 11 Years 11 Months | As last reported |
| Samrajyam Annapureddy | Director | 05 Feb 2019 | 7 Years 9 Months | As last reported |
Peer comparison
Velocity Rock Machinery Tools Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hydrotech Enterprises Private Limited | ₹8.25 Cr (FY 2025) | 234.0% | Delhi, India | |||
| Velocity Rock Machinery Tools Private Limitedthis company | ₹8.25 Cr (FY 2018) | ₹42.02 Lakh | 5.1% | 10.0% | Hyderabad, Telangana, India | |
| Deetya Hi-Tech Private Limited | ₹8.25 Cr (FY 2025) | 30.0% | Kolkata, West Bengal, India | |||
| Passiflora Impex Private Limited | ₹8.25 Cr (FY 2018) | Baruipur, West Bengal, India | ||||
| Nexgen Packaging (India) Private Limited. | ₹8.24 Cr (FY 2025) | 16.0% | Kundli, Haryana, India |
To see the full peer comparison of Velocity Rock Machinery Tools Private Limited, buy the company report.
Auditor
Velocity Rock Machinery Tools Private Limited is audited by R R K & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R K & ASSOCIATES | FY 2018 | 009785S |
Shareholding
The shareholding of Velocity Rock Machinery Tools 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 Velocity Rock Machinery Tools Private Limited, buy the company report.
Legal cases
Velocity Rock Machinery Tools Private Limited has 8 court cases on record: 1 filed by Velocity Rock Machinery Tools, 7 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Aditya Birla Finance Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed against the company by M/S. Indusind Bank Limited Rep by Its Authorised Signatory and Manager Mrs. B. Nishanthi | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Standard Chartered Bank | Pending |
To see the full case history of Velocity Rock Machinery Tools 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 Velocity Rock Machinery Tools Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velocity Rock Machinery Tools has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECV9559J1ZL | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Velocity Rock Machinery Tools Private Limited, buy the company report.
Recent activity
Velocity Rock Machinery Tools Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Mallikarjuna Reddy Ankinapalli ceased to be Director on 05 Feb 2019.
Frequently asked questions
Velocity Rock Machinery Tools has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Velocity Rock Machinery Tools was a private limited company based in Hyderabad, Telangana, India. The company worked in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 24 November 2014 and is registered under CIN U29221TG2014PTC096509. The company has been struck off by the Registrar of Companies and is no longer operational.
Velocity Rock Machinery Tools had 2 directors:
- Venkata Subba Reddy Annapureddy - Director
- Samrajyam Annapureddy - Director
The CIN (Corporate Identification Number) of Velocity Rock Machinery Tools is U29221TG2014PTC096509. 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 Velocity Rock Machinery Tools is at D.No.1 – 4 – 22017G1Tog3 Plot No.17 Sainik Enclave Nethaji Nagar X Road, Sainikpuri, Hyderabad, Telangana, India – 500062.
Velocity Rock Machinery Tools was incorporated on 24 November 2014. It is registered with the Registrar of Companies, Hyderabad.
Velocity Rock Machinery Tools can be reached through the website velocitynow.in. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Velocity Rock Machinery Tools on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Velocity Rock Machinery Tools is 36AAECV9559J1ZL, registered in Telangana.
Velocity Rock Machinery Tools operated in the machinery and equipment industry, in the industrial machinery retail and distribution segment. It worked in this industry before it was struck off.
The peers of Velocity Rock Machinery Tools by revenue are Hydrotech Enterprises Private Limited, Deetya Hi-Tech Private Limited, Passiflora Impex Private Limited, Nexgen Packaging (India) Private Limited, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
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