Vaishno Devi Dairy Products Limited
About Vaishno Devi Dairy Products Limited
Data last updated:
Vaishno Devi Dairy Products Limited is a public limited company based in Pune, Maharashtra, 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 dairy products and milk processing segment of the food and beverages sector. It was incorporated on 18 May 2007.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15203PN2007PLC130147. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹22.45 Cr. It was formerly known as Shubhi Agro Industries Limited and Sahindra Vaishno Devi Dairy Products Limited. It is led by directors including Nandkishor Harikishan Attal (Managing Director) and Mayura Nandkishore Attal.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Gat No 88/1/B Nandur Tal. Daund, Pune, Maharashtra, India – 412202.
As per the financials filed for FY 2017, the company reported a revenue of ₹346.81 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹42.02 Lakh (net margin 0.1%) and EBITDA of ₹17.73 Cr (EBITDA margin 5.1%).
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹101.06 Cr and satisfied charges of ₹12.12 Cr on record. Court records list 33 cases involving the company, including 4 filed by the company and 29 filed against it; 6 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.92 Cr; the latest was in October 2014. Its 3 peer companies in the Food and Beverages industry (Dairy, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 1 smaller; the largest is Kausalya Milk Products Private Limited with revenue of ₹417.54 Cr.
Company details
Name history
Vaishno Devi Dairy Products has undergone 5 name changes throughout its history. The current legal name is Vaishno Devi Dairy Products Limited.
| Company Name | Status |
|---|---|
| Vaishno Devi Dairy Products Limited | Current |
| Shubhi Agro Industries Limited | Previous |
| Sahindra Vaishno Devi Dairy Products Limited | Previous |
| Shubhi Agro Industries Private Limited | Previous |
| Vaishno Devi Dairy Products Private Limited | Previous |
CIN history
Vaishno Devi Dairy Products has one previous CIN (Corporate Identification Number): U15203PN2007PTC130147. The current CIN is U15203PN2007PLC130147, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15203PN2007PLC130147 | Current |
| U15203PN2007PTC130147 | Previous |
Contact details
Vaishno Devi Dairy Products Limited's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressGat No 88/1/B Nandur Tal. Daund, Pune, Maharashtra, India – 412202
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Vaishno Devi Dairy Products 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 Vaishno Devi Dairy Products 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 Vaishno Devi Dairy Products Limited, buy the company report.
Financials of Vaishno Devi Dairy Products Limited
FY 2017 filings availableVaishno Devi Dairy Products Limited reported revenue of ₹346.81 Cr (down 19% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year. EBITDA fell 47% in the latest 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 | ₹346.81 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹17.73 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹42.02 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 | 5.1% | ||
| Net Profit Margin | 0.1% | ||
| 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 Vaishno Devi Dairy Products Limited, buy the company report.
Board of directors of Vaishno Devi Dairy Products Limited
Vaishno Devi Dairy Products has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayura Nandkishore Attal | Additional Director | 07 May 2018 | 8 Years 6 Months | As last reported |
| Nandkishor Harikishan Attal Also directs: Trikuta Agrofresh and Dairy Industries Private Limited | Managing Director | 18 May 2007 | 19 Years 5 Months | As last reported |
| Vasant Narayan Pinjan Also directs: Trikuta Agrofresh and Dairy Industries Private Limited | Additional Director | 07 May 2018 | 8 Years 6 Months | As last reported |
Peer comparison
Vaishno Devi Dairy Products Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Dairy, Milk and Dairy Products), 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 |
|---|---|---|---|---|---|---|
| Kausalya Milk Products Private Limited | ₹417.54 Cr (FY 2019) | 5.0% | Ahmednagar, Maharashtra, India | |||
| Dairy India Private Limited | ₹417.31 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Vaishno Devi Food Products Private Limited | ₹390.63 Cr (FY 2019) | 16.0% | Pune, Maharashtra, India | |||
| Vaishno Devi Dairy Products Limitedthis company | ₹346.81 Cr (FY 2017) | ₹42.02 Lakh | 0.1% | -19.0% | 3 | Pune, Maharashtra, India |
To see the full peer comparison of Vaishno Devi Dairy Products Limited, buy the company report.
Auditor
Vaishno Devi Dairy Products Limited is audited by M S M & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S M & CO | FY 2017 | 129943W |
Shareholding
The shareholding of Vaishno Devi Dairy Products Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vaishno Devi Dairy Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 May 2018 | 100175056 | Others | ₹6 Cr | Open | |
| 27 Sep 2014 | 10523350 | Reliance Home Finance Limited | ₹4.51 Cr | Open | |
| 02 Jun 2014 | 10505693 | Hdfc Bank Limited | ₹80 Lakh | Open | |
| 24 Apr 2014 | 10504058 | Axis Bank Limited | ₹1.47 Cr | Open | |
| 11 Apr 2014 | 10504169 | Axis Bank Limited | ₹2.31 Cr | Open |
To see the full charge records of Vaishno Devi Dairy Products Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Vaishno Devi Dairy Products Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.92 Cr; the latest was in October 2014.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: BCCL Seller: an individual |
| Mar 2013 | Funding round | ₹3.73 Cr | Investors: 2 individuals |
| Jan 2012 | Funding round | ₹20 Lakh | Investors: an individual |
| Mar 2011 | Funding round | ₹1 Cr | Investors: 2 individuals |
| Mar 2009 | Funding round | ₹1.5 Cr | Investors: 2 individuals |
To see the full deal history of Vaishno Devi Dairy Products Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vaishno Devi Dairy Products Limited has 33 court cases on record: 4 filed by Vaishno Devi Dairy Products, 29 filed against it. 6 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 22 | 5 |
| High courts | 5 | 4 | 1 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Authum Investment and Infrastructure Ltd | Pending |
| Bombay High Court | Writ petition | Filed against the company by Blue Ocean Line Pvt. Ltd. and Ors. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Paradise Packaging Pvt Ltd | Pending |
| Bombay High Court | Appeal | Filed by the company against Vistra Itcl(India) Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Reliance Home Finance Ltd., Through BR. Manager Koustubh Bhagwat | Disposed |
To see the full case history of Vaishno Devi Dairy Products 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
Vaishno Devi Dairy Products Limited was last rated by Crisil on 27 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Aug 2020 |
To see the full credit ratings and regulatory alerts of Vaishno Devi Dairy Products Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vaishno Devi Dairy Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vaishno Devi Dairy Products has 1 subsidiary company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Trikuta Agrofresh and Dairy Industries Private Limited | U15400PN2006PTC022326 |
To see the full group structure of Vaishno Devi Dairy Products Limited, buy the company report.
Employees & EPFO
Vaishno Devi Dairy Products Limited has a workforce of 3 employees on its EPFO records as of Sep 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 3 |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Vaishno Devi Dairy Products Limited, buy the company report.
GST
Vaishno Devi Dairy Products has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vaishno Devi Dairy Products Limited, buy the company report.
Recent activity
Vaishno Devi Dairy Products Limited has 11 board changes on record since 2007: 3 appointments and 8 cessations. The latest: Arati Sahindra Bhawale ceased to be Additional Director on 08 May 2018.
18 earlier events are in the company report.
Frequently asked questions
Vaishno Devi Dairy Products 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.
Vaishno Devi Dairy Products is a company under insolvency, formerly operating as a public limited company based in Pune, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 18 May 2007 and is registered under CIN U15203PN2007PLC130147. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vaishno Devi Dairy Products has 3 current directors:
- Nandkishor Harikishan Attal - Managing Director
- Mayura Nandkishore Attal - Additional Director
- Vasant Narayan Pinjan - Additional Director
The latest financial statements of Vaishno Devi Dairy Products on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vaishno Devi Dairy Products is U15203PN2007PLC130147. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vaishno Devi Dairy Products has open charges of ₹101.06 Cr and satisfied charges of ₹12.12 Cr as per latest MCA filings.
Vaishno Devi Dairy Products has 33 court cases on record: 4 filed by the company and 29 filed against it. 6 are pending. Most are in the district courts.
Vaishno Devi Dairy Products was incorporated on 18 May 2007. It is registered with the Registrar of Companies, Pune.
Vaishno Devi Dairy Products has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.92 Cr; the latest was in October 2014.
The peers of Vaishno Devi Dairy Products by revenue are Kausalya Milk Products Private Limited, Dairy India Private Limited, Vaishno Devi Food Products Private Limited, all in the Food and Beverages industry (Dairy, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Arati Sahindra Bhawale ceased to be Additional Director on 08 May 2018. Sahindra Jagannath Bhawale ceased to be Additional Director on 08 May 2018. Mayura Nandkishore Attal was appointed as Additional Director on 07 May 2018. Vaishno Devi Dairy Products has 11 board changes on record in total.
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