Himalayan Vegefruit Limited
About Himalayan Vegefruit Limited
Data last updated:
Himalayan Vegefruit Limited is a public limited company based in Chandigarh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 06 September 1993.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U15134CH1993PLC013679. Its GSTIN is 02AAACH4232J2Z1 (Himachal Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.49 Cr. It was formerly known as Himalayan Cereals and Fruits Private Limited and Himalayan Cereals and Fruits Limited. It is led by directors including Pali Diwan and Priya Bhushan Sharma (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 1536 Sector – 33 D, Chandigarh, India – 160033.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.13 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹1.57 Cr and EBITDA of -₹1.55 Cr. Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 61% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹43.03 Cr and satisfied charges of ₹11.15 Cr on record. Court records list 21 cases involving the company, including 8 filed by the company and 13 filed against it; 5 cases are pending.
Company details
Name history
Himalayan Vegefruit has undergone 2 name changes throughout its history. The company was previously known as Himalayan Cereals And Fruits Private Limited, and Himalayan Cereals And Fruits Limited. The current legal name is Himalayan Vegefruit Limited.
| Company Name | Status |
|---|---|
| Himalayan Vegefruit Limited | Current |
| Himalayan Cereals And Fruits Private Limited | Previous |
| Himalayan Cereals And Fruits Limited | Previous |
CIN history
Himalayan Vegefruit has one previous CIN (Corporate Identification Number): L15134CH1993PLC013679. The current CIN is U15134CH1993PLC013679, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15134CH1993PLC013679 | Current |
| L15134CH1993PLC013679 | Previous |
Contact details
Himalayan Vegefruit Limited's registered office is in Chandigarh, Chandigarh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1536 Sector – 33 D, Chandigarh, India – 160033
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of Himalayan Vegefruit 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 Himalayan Vegefruit is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Himalayan Vegefruit Limited, buy the company report.
Financials of Himalayan Vegefruit Limited
FY 2022 filings availableHimalayan Vegefruit Limited reported revenue of ₹2.13 Lakh (down 89% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 61% over five years, including a 89% fall 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.13 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.57 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Himalayan Vegefruit Limited, buy the company report.
Board of directors of Himalayan Vegefruit Limited
Himalayan Vegefruit has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pali Diwan | Director | 06 Nov 2019 | 6 Years 11 Months | As last reported |
| Priya Bhushan Sharma Also directs: Verindera Ventures LLP, Tecfin Stock Advisers LLP, 3B Infrastructure Private Limited and 2 more | Irp/Rp/Liquidator | 20 Mar 2023 | 3 Years 7 Months | As last reported |
| Praveen Diwan Also directs: Hillcrest Fruits and Vegetables Private Limited, Unified Food Solutions Private Limited, Himkap Foods Private Limited and 1 more | Director | 19 Sep 2020 | 6 Years 1 Months | As last reported |
| Kanan Diwan | Director | 20 Nov 2019 | 6 Years 11 Months | As last reported |
Peer comparison
Himalayan Vegefruit Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sidak Foods Private Limited | ₹2.17 Lakh (FY 2024) | -28.0% | Telangana, India | |||
| Express Coffee Private Limited | ₹2.13 Lakh (FY 2019) | Thirthahalli, Karnataka, India | ||||
| Himalayan Vegefruit Limitedthis company | ₹2.13 Lakh (FY 2022) | -₹1.57 Cr | -89.0% | Chandigarh, India | ||
| Cape Traditions Private Limited | ₹2.1 Lakh (FY 2024) | 5165.0% | Agastheeswaram, Tamil Nadu, India |
To see the full peer comparison of Himalayan Vegefruit Limited, buy the company report.
Auditor
Himalayan Vegefruit Limited is audited by PREET KAMAL & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PREET KAMAL & CO | FY 2022 | 022427N |
Shareholding
The shareholding of Himalayan Vegefruit Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Himalayan Vegefruit Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Oct 2016 | 100058836 | Bank of India | ₹9.75 Cr | Open | |
| 15 Dec 2008 | 10135042 | Himachal Pradesh Financial Corporation | ₹50 Lakh | Open | |
| 19 Jul 2007 | 10062653 | Others | ₹15.9 Cr | Open | |
| 28 Apr 2004 | 90180786 | Icici Bank Limited | ₹1.2 Cr | Open | |
| 03 Nov 2001 | 90182901 | Icici Bank Limited | ₹4.75 Cr | Open |
To see the full charge records of Himalayan Vegefruit Limited, buy the company report.
Total charge records: 19 View all charges
Legal cases
Himalayan Vegefruit Limited has 21 court cases on record: 8 filed by Himalayan Vegefruit, 13 filed against it. 5 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 11 | 5 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against individuals | Pending |
| High Court, HIMACHAL PRADESH | Civil suit | Filed against the company by an individual | Pending |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against State of HP and Ors(Not Applicable) | Pending |
| High Court, HIMACHAL PRADESH | Writ petition | Filed by the company against State of HP and Ors(Not Applicable) | Pending |
| High Court, HIMACHAL PRADESH | Court case (OMP) | Filed against the company by an individual | Disposed |
To see the full case history of Himalayan Vegefruit 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 Himalayan Vegefruit Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Himalayan Vegefruit has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Himalayan Frozen Foods Limited | U15132CH1998PLC021902 |
To see the full group structure of Himalayan Vegefruit Limited, buy the company report.
GST
Himalayan Vegefruit has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAACH4232J2Z1 | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Himalayan Vegefruit Limited, buy the company report.
Recent activity
Himalayan Vegefruit Limited has 9 board changes on record since 2010: 4 appointments and 5 cessations. The latest: Priya Bhushan Sharma was appointed as Irp/Rp/Liquidator on 20 Mar 2023.
34 earlier events are in the company report.
Frequently asked questions
Himalayan Vegefruit is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Himalayan Vegefruit is a company under insolvency, formerly operating as a public limited company based in Chandigarh, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 06 September 1993 and is registered under CIN U15134CH1993PLC013679. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Himalayan Vegefruit has 4 current directors:
- Pali Diwan - Director
- Praveen Diwan - Director
- Kanan Diwan - Director
- Priya Bhushan Sharma - Irp/Rp/Liquidator
The latest financial statements of Himalayan Vegefruit on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Himalayan Vegefruit is U15134CH1993PLC013679. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Himalayan Vegefruit has open charges of ₹43.03 Cr and satisfied charges of ₹11.15 Cr as per latest MCA filings.
Himalayan Vegefruit has 21 court cases on record: 8 filed by the company and 13 filed against it. 5 are pending. Most are in the high courts.
Himalayan Vegefruit was incorporated on 06 September 1993. It is registered with the Registrar of Companies, Chandigarh.
The peers of Himalayan Vegefruit by revenue are Sidak Foods Private Limited, Express Coffee Private Limited, Cape Traditions Private Limited, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
Priya Bhushan Sharma was appointed as Irp/Rp/Liquidator on 20 Mar 2023. Om Parkash ceased to be Director on 19 Sep 2020. Praveen Diwan was appointed as Director on 19 Sep 2020. Himalayan Vegefruit has 9 board changes on record in total.
The registered office of Himalayan Vegefruit is at 1536 Sector – 33 D, Chandigarh, India – 160033.