Neo Vastram Private Limited
About Neo Vastram Private Limited
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Neo Vastram Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 01 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2013PTC073207.
The company has an authorised share capital of ₹41 Lakh and a paid-up capital of ₹41 Lakh. It is led by directors Nirupamaben Dineshkumar Shah and Dineshkumar Khemchand.
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 1719 Dhobis Khancha Kapdiwad Sarangpur, Ahmedabad, Gujarat, India – 380002.
As per the financials filed for FY 2016, the company reported a revenue of ₹8.11 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹4.88 Lakh (net margin 0.6%) and EBITDA of ₹23.24 Lakh (EBITDA margin 2.9%).
As per MCA filings, the company has open charges of ₹1.27 Cr on record. Court records list 15 cases involving the company, including 1 filed by the company and 14 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Neo Vastram Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address1719 Dhobis Khancha Kapdiwad Sarangpur, Ahmedabad, Gujarat, India – 380002
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Neo Vastram 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 Neo Vastram 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 Neo Vastram Private Limited, buy the company report.
Financials of Neo Vastram Private Limited
FY 2016 filings availableNeo Vastram Private Limited reported revenue of ₹8.11 Cr (up 48% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 48% in the latest year. EBITDA rose 32% 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 | ₹8.11 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹23.24 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹4.88 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.9% | |
| 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 Neo Vastram Private Limited, buy the company report.
Board of directors of Neo Vastram Private Limited
Neo Vastram has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirupamaben Dineshkumar Shah | Director | 01 Jan 2013 | 13 Years 10 Months | Current |
| Dineshkumar Khemchand | Director | 01 Jan 2013 | 13 Years 10 Months | Current |
Peer comparison
Neo Vastram Private Limited is compared with the 4 companies closest to it by revenue in the Apparel industry (Branded Wear), 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 |
|---|---|---|---|---|---|---|
| Shree Adinatham Hosiery Private Limited | ₹8.13 Cr (FY 2024) | 13.0% | Jaipur, Rajasthan, India | |||
| Shubhang Processing Mills Pvt Ltd | ₹8.11 Cr (FY 2024) | 15.0% | Ahmedabad, Gujarat, India | |||
| Neo Vastram Private Limitedthis company | ₹8.11 Cr (FY 2016) | ₹4.88 Lakh | 0.6% | 48.0% | Ahmedabad, Gujarat, India | |
| Ta Studios Private Limited | ₹8.08 Cr (FY 2025) | 595.0% | Amritsar, Punjab, India | |||
| Abha Spintex Private Limited | ₹7.92 Cr (FY 2019) | -64.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of Neo Vastram Private Limited, buy the company report.
Auditor
Neo Vastram Private Limited is audited by NILAY SHAH & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NILAY SHAH & CO | FY 2016 | 126295W |
Shareholding
The shareholding of Neo Vastram Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Neo Vastram Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2014 | 10486017 | Punjab National Bank | ₹1.27 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Neo Vastram Private Limited has 15 court cases on record: 1 filed by Neo Vastram, 14 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 13 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Tata Capital Financial Services Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by India Infoline Finance Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by India Infoline Finance Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed against the company by Magma Fincorp Limited | Disposed |
To see the full case history of Neo Vastram 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 Neo Vastram Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Neo Vastram Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Neo Vastram Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Dineshkumar Khemchand was appointed as Director on 01 Jan 2013.
Frequently asked questions
Neo Vastram is an active private limited company based in Ahmedabad, Gujarat, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 01 January 2013 (13+ years old) and is registered under CIN U17120GJ2013PTC073207.
Neo Vastram has 2 current directors:
- Nirupamaben Dineshkumar Shah - Director
- Dineshkumar Khemchand - Director
The latest financial statements of Neo Vastram 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 Neo Vastram is U17120GJ2013PTC073207. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neo Vastram has 15 court cases on record: 1 filed by the company and 14 filed against it. Most are in the district courts.
Neo Vastram was incorporated on 01 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Neo Vastram by revenue are Shree Adinatham Hosiery Private Limited, Shubhang Processing Mills Pvt Ltd, Ta Studios Private Limited, Abha Spintex Private Limited, all in the Apparel industry (Branded Wear), with the same principal business activity (wholesale trading).
Dineshkumar Khemchand was appointed as Director on 01 Jan 2013. Nirupamaben Dineshkumar Shah was appointed as Director on 01 Jan 2013.
The registered office of Neo Vastram is at 1719 Dhobis Khancha Kapdiwad Sarangpur, Ahmedabad, Gujarat, India – 380002.
Neo Vastram operates in the fashion and textile industry, in the designer and branded fashion segment.
Neo Vastram has open charges of ₹1.27 Cr and no satisfied charges on record as per latest MCA filings.
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