V M Apparels Private Limited
About V M Apparels Private Limited
Data last updated:
V M Apparels Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 02 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18101PB1995PTC015704. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹94.6 Lakh. It was formerly known as Corina Exports Pvt Ltd. It is led by directors Rishav Miglani and Ashish Miglani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 704/12 – E Prem Nagar Civil Lines, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2025, the company reported a revenue of ₹10,000. For the same year it recorded a net loss of ₹38,700 (net margin -387%) and EBITDA of -₹38,700 (EBITDA margin -387%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 50% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹25.33 Cr on record. Court records list 23 cases involving the company, including 1 filed by the company and 21 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address704/12 – E Prem Nagar Civil Lines, Ludhiana, Punjab, India – 141001
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Financials of V M Apparels Private Limited FY 2025 filings available
V M Apparels Private Limited reported revenue of ₹10,000 for FY 2025.
Compounded Annual Growth Rate (CAGR) of V M Apparels Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years. EBITDA rose 12% 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 of V M Apparels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹38,700 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹38,700 | •••• | •••• | •••• | •••• |
| 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 of V M Apparels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -387% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -387% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of V M Apparels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of V M Apparels Private Limited
V M Apparels Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahir Nonwovens Private Limited | ₹10,480 (FY 2025) | •••• | •••• | 104700.0% | •••• | Delhi, India |
| Welvita Private Limited | ₹10,370 (FY 2024) | •••• | •••• | •••• | Sayan, Gujarat, India | |
| RKG Hitech Polycoats Private Limited | ₹10,274 (FY 2023) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Araneae Pharmaceutical Private Limited | ₹10,001 (FY 2025) | •••• | •••• | •••• | Allahabad, Uttar Pradesh, India | |
| V M Apparels Private Limited this company | ₹10,000 (FY 2025) | •••• | •••• | •••• | Ludhiana, Punjab, India | |
| Shetkari Cotton (India) Private Limited | ₹10,000 (FY 2023) | •••• | •••• | •••• | Nagpur, Maharashtra, India | |
| Kongunadu Processors Private Limited | ₹10,000 (FY 2023) | •••• | •••• | -33.0% | •••• | Tamil Nadu, India |
| Tvashta Clothing Private Limited | ₹10,000 (FY 2025) | •••• | •••• | -100.0% | •••• | Ahmedabad, Gujarat, India |
| Shanu Impex Private Limited | ₹10,000 (FY 2019) | •••• | •••• | •••• | Delhi, India | |
| Santowin Corporation Limited | ₹10,000 (FY 2022) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| A&G Tex Industry Private Limited | ₹10,000 (FY 2023) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below V M Apparels by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of V M Apparels Private Limited
V M Apparels Private Limited is audited by ASIM ATREY & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASIM ATREY & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of V M Apparels Private Limited
V M Apparels has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishav Miglani Also directs: Pee Aar International Private Limited | Director | 01 Aug 2009 | 17 Years 2 Months | Current |
| Ashish Miglani | Director | 01 Aug 2009 | 17 Years 2 Months | Current |
Ownership and Shareholding of V M Apparels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of V M Apparels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Oct 2010 | Bank of Baroda | ₹25.33 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of V M Apparels Private Limited
V M Apparels Private Limited has 23 court cases on record: 1 filed by V M Apparels, 21 filed against it, 1 where it is another party. 1 case is pending and 22 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 21 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Limited | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Capital First Limited | Disposed |
| District court, Patiala, Punjab | Commercial suit | Filed against the company by Tata Capital Financial Services Limited | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Bajaj Finance Limited | Disposed |
| High Court of Punjab and Haryana | Writ petition | Company is another party | Disposed |
Full case history
All 23 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by V M Apparels Private Limited
V M Apparels Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 57 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Diamond Hosiery Mills Pvt Ltd | •••• | •••• | •••• |
| Dashmesh Weaving & Dyeing Mills Private Limited | •••• | •••• | •••• |
| Indian Yarn Limited | •••• | •••• | •••• |
| Shramanji Fabrics Private Limited | •••• | •••• | •••• |
| Azeez Fabrics Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at V M Apparels Private Limited
Employment history and EPFO contributions of people linked to V M Apparels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on V M Apparels Private Limited
V M Apparels Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Sarbjeet Singh ceased to be Director on 02 Jun 2010.
Credit Ratings, Litigation & Regulatory Alerts for V M Apparels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of V M Apparels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of V M Apparels Private Limited
V M Apparels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of V M Apparels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about V M Apparels Private Limited
V M Apparels is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 February 1995 (31+ years old) and is registered under CIN U18101PB1995PTC015704.
V M Apparels reported revenue of ₹10,000 for FY 2025.
V M Apparels has 2 current directors:
- Rishav Miglani - Director
- Ashish Miglani - Director
V M Apparels reported a net loss of ₹38,700 (net margin -387%) and EBITDA of -₹38,700 (EBITDA margin -387%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of V M Apparels is -19% over three years and -50% over five years. CAGR is the steady yearly rate that links the first and the last year.
No. V M Apparels has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of V M Apparels is U18101PB1995PTC015704. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
V M Apparels has 23 court cases on record: 1 filed by the company and 21 filed against it. 1 is pending. Most are in the district courts.
V M Apparels was incorporated on 02 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of V M Apparels by revenue are Mahir Nonwovens Private Limited, Welvita Private Limited, RKG Hitech Polycoats Private Limited, Araneae Pharmaceutical Private Limited, Shetkari Cotton (India) Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Sarbjeet Singh ceased to be Director on 02 Jun 2010. Yashu Deep Bansal ceased to be Director on 02 Jun 2010. Ashish Miglani was appointed as Director on 01 Aug 2009. V M Apparels has 4 board changes on record in total.
V M Apparels has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 57 overdue payments to 6 micro and small suppliers. The latest return was filed on 08 Jun 2019.