V.R.M. Chemicals Private Limited
About V.R.M. Chemicals Private Limited
Data last updated:
V.R.M. Chemicals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 17 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24303MH2006PTC160560. Its GSTIN is 27AACCV2263R1ZR (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹95 Lakh. It is led by directors Rashmin Ratilal Mehta and Vasant Ratilal Mehta.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 12 Haresh Chambers 3rd Floor313/319 Samuel Street Mumbai – 3, Maharashtra, India.
As per the financials filed for FY 2017, the company reported a revenue of ₹37.13 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹23.74 Lakh (net margin 0.6%) and EBITDA of ₹1.31 Cr (EBITDA margin 3.5%).
As per MCA filings, the company has open charges of ₹13.9 Cr on record. Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
V.R.M. Chemicals Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address12 Haresh Chambers 3rd Floor313/319 Samuel Street Mumbai – 3, Maharashtra, India
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of V.R.M. Chemicals 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 V.R.M. Chemicals 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 V.R.M. Chemicals Private Limited, buy the company report.
Financials of V.R.M. Chemicals Private Limited
FY 2017 filings availableV.R.M. Chemicals Private Limited reported revenue of ₹37.13 Cr (down 10% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year. EBITDA rose 16% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹37.13 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.31 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹23.74 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.5% | ||
| Net Profit Margin | 0.6% | ||
| 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 V.R.M. Chemicals Private Limited, buy the company report.
Board of directors of V.R.M. Chemicals Private Limited
V.R.M. Chemicals has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashmin Ratilal Mehta | Director | 17 Mar 2006 | 20 Years 7 Months | Current |
| Vasant Ratilal Mehta | Director | 17 Mar 2006 | 20 Years 7 Months | Current |
Peer comparison
V.R.M. Chemicals Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Chemical 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 |
|---|---|---|---|---|---|---|
| Standard Ganpati Merchandise Private Limited | ₹37.44 Cr (FY 2024) | -19.0% | Mumbai, Maharashtra, India | |||
| Swarnaswapna Megamart Private Limited | ₹37.27 Cr (FY 2024) | -14.0% | Ranaghat, West Bengal, India | |||
| Sigma Polytec Private Limited | ₹37.19 Cr (FY 2025) | 40.0% | New Delhi, Delhi, India | |||
| V.R.M. Chemicals Private Limitedthis company | ₹37.13 Cr (FY 2017) | ₹23.74 Lakh | 0.6% | -10.0% | Mumbai, Maharashtra, India | |
| Hashmi Enterprises Private Limited | ₹37.09 Cr (FY 2025) | -18.0% | Indore, Madhya Pradesh, India | |||
| R A Dyestuffs India Private Limited | ₹36.99 Cr (FY 2024) | 15.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of V.R.M. Chemicals Private Limited, buy the company report.
Auditor
V.R.M. Chemicals Private Limited is audited by S K BALDIA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K BALDIA & ASSOCIATES | FY 2017 | 143049W |
Shareholding
The shareholding of V.R.M. Chemicals Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of V.R.M. Chemicals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2017 | 100181216 | Others | ₹5.9 Cr | Open | |
| 21 Feb 2008 | 10095466 | Bank of Baroda | ₹4 Cr | Open | |
| 21 Feb 2008 | 10095470 | Bank of Baroda | ₹4 Cr | Open |
To see the full charge records of V.R.M. Chemicals Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
V.R.M. Chemicals Private Limited has 12 court cases on record: 6 filed by V.R.M. Chemicals, 6 filed against it. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 6 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed by the company against Ms R.S. Molecules Pvt. Ltd. and 2 Ors and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Ramniklal S Gosalia and Co., Through Mayur Sindhwa | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by M/S Sun Pharma Chem | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Corporation Bank Th.Mr.Rakesh Meshvan | Disposed |
To see the full case history of V.R.M. Chemicals 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.
Credit ratings & regulatory alerts
V.R.M. Chemicals Private Limited was last rated by Crisil on 22 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 Jun 2020 |
To see the full credit ratings and regulatory alerts of V.R.M. Chemicals Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for V.R.M. Chemicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
V.R.M. Chemicals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV2263R1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of V.R.M. Chemicals Private Limited, buy the company report.
Recent activity
V.R.M. Chemicals Private Limited has 2 board changes on record since 2006: 2 appointments. The latest: Rashmin Ratilal Mehta was appointed as Director on 17 Mar 2006.
Frequently asked questions
V.R.M. Chemicals is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 17 March 2006 (20+ years old) and is registered under CIN U24303MH2006PTC160560.
V.R.M. Chemicals has 2 current directors:
- Rashmin Ratilal Mehta - Director
- Vasant Ratilal Mehta - Director
The latest financial statements of V.R.M. Chemicals on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of V.R.M. Chemicals is 27AACCV2263R1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of V.R.M. Chemicals is U24303MH2006PTC160560. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
V.R.M. Chemicals has 12 court cases on record: 6 filed by the company and 6 filed against it. 1 is pending.
V.R.M. Chemicals was incorporated on 17 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of V.R.M. Chemicals by revenue are Standard Ganpati Merchandise Private Limited, Swarnaswapna Megamart Private Limited, Sigma Polytec Private Limited, Hashmi Enterprises Private Limited, R A Dyestuffs India Private Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Rashmin Ratilal Mehta was appointed as Director on 17 Mar 2006. Vasant Ratilal Mehta was appointed as Director on 17 Mar 2006.
The registered office of V.R.M. Chemicals is at 12 Haresh Chambers 3rd Floor313319 Samuel Street Mumbai – 3, Maharashtra, India.
V.R.M. Chemicals operates in the chemicals and materials industry, in the chemical distribution and retail segment.
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