About VHCL Industries Limited
Data last updated:
VHCL Industries Limited is a public limited company based in Silvassa, Dadra And Nagar Haveli, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 19 July 1991.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L27200DN1991PLC000449. Its GSTIN is 26AAACJ7125Q2Z5 (Dadra and Nagar Haveli and Daman and Diu). The company holds 4 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹52 Cr and a paid-up capital of ₹51.48 Cr. It was formerly known as Jhaveri Weldflux Limited. It is led by directors including Pankajbhai Harilal Valia (Managing Director) and Manharbhai Purushottamdas Mehta.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Survey No. 285 Gala No. II Main Khanvel Kherdi Road Village Kherdi, Silvassa, Dadra and Nagar Haveli, India – 396230.
As per the financials filed for FY 2016, the company reported a revenue of ₹12.4 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹5.44 Cr (net margin -43.9%) and EBITDA of -₹4.58 Cr (EBITDA margin -36.9%).
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: VHCL Industries. As per MCA filings, the company has open charges of ₹303.1 Cr and satisfied charges of ₹35.9 Cr on record. Court records list 50 cases involving the company, including 27 filed by the company and 23 filed against it; 8 cases are pending.
The last known website on record is vhcl.co.in.
Company details
CIN history
VHCL Industries has one previous CIN (Corporate Identification Number): L27200MH1991PLC062568. The current CIN is L27200DN1991PLC000449, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27200DN1991PLC000449 | Current |
| L27200MH1991PLC062568 | Previous |
Contact details
VHCL Industries Limited's registered office is in Silvassa, Dadra And Nagar Haveli. Its website is vhcl.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No. 285 Gala No. II Main Khanvel Kherdi Road Village Kherdi, Silvassa, Dadra and Nagar Haveli, India – 396230
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of VHCL Industries 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
Brands
VHCL Industries operates one associated brand: VHCL Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Petrochemicals and metals are developed for industrial applications. | vhcl.co.in |
Financials of VHCL Industries Limited
FY 2016 filings availableVHCL Industries Limited reported revenue of ₹12.4 Cr (down 89% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 89% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹12.4 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹4.58 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹5.44 Cr | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -36.9% | |
| Net Profit Margin | -43.9% | |
| 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 VHCL Industries Limited, buy the company report.
Board of directors of VHCL Industries Limited
VHCL Industries has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankajbhai Harilal Valia | Managing Director | 17 Nov 2011 | 14 Years 11 Months | As last reported |
| Manharbhai Purushottamdas Mehta | Additional Director | 04 Dec 2015 | 10 Years 10 Months | As last reported |
| Balgovind Mishra | Additional Director | 04 Dec 2015 | 10 Years 10 Months | As last reported |
Auditor
VHCL Industries Limited is audited by R AGARWAL & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R AGARWAL & ASSOCIATES | FY 2016 | 119168W |
Shareholding
The shareholding of VHCL Industries Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of VHCL Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2013 | 10438315 | Bank of India | ₹95 Cr | Open | |
| 30 May 2013 | 10438312 | Bank of India | ₹95 Cr | Open | |
| 11 Sep 2012 | 10440334 | Central Bank of India | ₹32 Cr | Open | |
| 31 Mar 2010 | 10273963 | State Bank of India | ₹72.6 Cr | Open | |
| 12 Jun 2007 | 10061435 | State Bank of India | ₹8.5 Cr | Open |
To see the full charge records of VHCL Industries Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
VHCL Industries Limited has 50 court cases on record: 27 filed by VHCL Industries, 23 filed against it. 8 cases are pending and 42 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 14 | 3 |
| High courts | 10 | 8 | 4 |
| NCLT | 8 | 1 | 1 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by S E Investments Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Suraksha Realty Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| High Court, MAHARASHTRA | Court case (CHOL) | Filed against the company by Paisalo Digital Limited (Formerly Known As S E Ivestments Ltd) | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Suraksha Realty Limited | Disposed |
To see the full case history of VHCL Industries 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 VHCL Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
VHCL Industries Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
VHCL Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAACJ7125Q2Z5 | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Feb 2021 |
To see the full GST registrations and return filing status of VHCL Industries Limited, buy the company report.
Recent activity
VHCL Industries Limited has 29 board changes on record since 1991: 16 appointments and 13 cessations. The latest: Ashish Pandare Shankar ceased to be Director on 19 Jan 2016.
37 earlier events are in the company report.
Frequently asked questions
VHCL Industries is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
VHCL Industries is a company under liquidation, formerly operating as a public limited company based in Silvassa, Dadra And Nagar Haveli, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 19 July 1991 and is registered under CIN L27200DN1991PLC000449. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
VHCL Industries has 3 current directors:
- Pankajbhai Harilal Valia - Managing Director
- Manharbhai Purushottamdas Mehta - Additional Director
- Balgovind Mishra - Additional Director
The latest financial statements of VHCL Industries on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of VHCL Industries is L27200DN1991PLC000449. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VHCL Industries is recorded as a listed company by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
VHCL Industries has open charges of ₹303.1 Cr and satisfied charges of ₹35.9 Cr as per latest MCA filings.
VHCL Industries has 50 court cases on record: 27 filed by the company and 23 filed against it. 8 are pending. Most are in the district courts.
VHCL Industries was incorporated on 19 July 1991. It is registered with the Registrar of Companies, Ahmedabad.
Ashish Pandare Shankar ceased to be Director on 19 Jan 2016. Mandar Subhash Palav ceased to be Director on 19 Jan 2016. Rashmi Ravindra Gandhi ceased to be Additional Director on 19 Jan 2016. VHCL Industries has 29 board changes on record in total.