VLBS Chit Funds Private Limited
About VLBS Chit Funds Private Limited
Data last updated:
VLBS Chit Funds Private Limited was a private limited company based in Eluru, Andhra Pradesh, 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 financial services and investment segment of the financial services sector. It was incorporated on 26 September 2016.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65999AP2016PTC104146. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹9 Lakh and a paid-up capital of ₹9 Lakh. It was led by directors Laxmi Ansuya Paladugu and Venkateswara Rao Paladugu.
Its last annual general meeting (AGM) was held on 26 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at D. No. 17 – 5 – 6 Nandi Towers A.S.R. Stadium Road, Eluru, Andhra Pradesh, India – 534005.
As per the financials filed for FY 2017, the company reported a revenue of ₹8.52 Lakh. For the same year it recorded a net profit of ₹21,092 (net margin 2.5%) and EBITDA of ₹1.14 Lakh (EBITDA margin 13.3%).
Company details
Contact details
VLBS Chit Funds Private Limited's registered office is in Eluru, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD. No. 17 – 5 – 6 Nandi Towers A.S.R. Stadium Road, Eluru, Andhra Pradesh, India – 534005
- IndustryFinancial Services, Financial Activities
To see the full contact details of VLBS Chit Funds 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 VLBS Chit Funds Private Limited
FY 2022 filings availableVLBS Chit Funds Private Limited reported revenue of ₹8.52 Lakh for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹8.52 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹1.14 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹21,092 |
| 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 |
|---|---|
| Profitability | |
| EBITDA Margin | 13.3% |
| Net Profit Margin | 2.5% |
| 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 VLBS Chit Funds Private Limited, buy the company report.
Board of directors of VLBS Chit Funds Private Limited
VLBS Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxmi Ansuya Paladugu | Director | 26 Sep 2016 | 10 Years 1 Months | As last reported |
| Venkateswara Rao Paladugu | Director | 26 Sep 2016 | 10 Years 1 Months | As last reported |
Auditor
VLBS Chit Funds Private Limited is audited by G. SITARAMA RAO & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. SITARAMA RAO & CO | FY 2017 | 003876S |
Shareholding
The shareholding of VLBS Chit Funds Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of VLBS Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving VLBS Chit Funds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for VLBS Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VLBS Chit Funds 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 VLBS Chit Funds Private Limited, buy the company report.
Recent activity
VLBS Chit Funds Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Laxmi Ansuya Paladugu was appointed as Director on 26 Sep 2016.
Frequently asked questions
VLBS Chit Funds 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.
VLBS Chit Funds was a private limited company based in Eluru, Andhra Pradesh, India. The company worked in financial activities, within the financial services industry. It was incorporated on 26 September 2016 and is registered under CIN U65999AP2016PTC104146. The company has been struck off by the Registrar of Companies and is no longer operational.
VLBS Chit Funds had 2 directors:
- Laxmi Ansuya Paladugu - Director
- Venkateswara Rao Paladugu - Director
The CIN (Corporate Identification Number) of VLBS Chit Funds is U65999AP2016PTC104146. 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 VLBS Chit Funds is at D. No. 17 – 5 – 6 Nandi Towers A.S.R. Stadium Road, Eluru, Andhra Pradesh, India – 534005.
VLBS Chit Funds was incorporated on 26 September 2016. It is registered with the Registrar of Companies, Vijayawada.
The latest financial statements of VLBS Chit Funds on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 26 September 2022. Year-wise statements from FY 2017 are in the company report.
No. VLBS Chit Funds has 1 GST registration on record and it is cancelled or inactive.
VLBS Chit Funds operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
Laxmi Ansuya Paladugu was appointed as Director on 26 Sep 2016. Venkateswara Rao Paladugu was appointed as Director on 26 Sep 2016.