Vajram Spinning Mills Private Limited
About Vajram Spinning Mills Private Limited
Data last updated:
Vajram Spinning Mills Private Limited is a private limited company based in Rajapalayam, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 June 2008.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17121TN2008PTC068260. Its GSTIN is 33AACCV7647R2ZJ (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Nammalwar Naicker Selvaraj (Managing Director) and Selvaraj Rajalakshmi.
Its last annual general meeting (AGM) was held on 28 June 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at D.No.135 Cotton Market, Rajapalayam, Tamil Nadu, India – 626117.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.61 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹1.96 Cr (net margin -75.1%) and EBITDA of -₹76.53 Lakh (EBITDA margin -29.3%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 31% over five years.
The company has about 65 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.89 Cr on record. Court records list 5 cases involving the company, including 5 filed against it.
Company details
Contact details
Vajram Spinning Mills Private Limited's registered office is in Rajapalayam, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No.135 Cotton Market, Rajapalayam, Tamil Nadu, India – 626117
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vajram Spinning Mills 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 Vajram Spinning Mills is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Vajram Spinning Mills Private Limited, buy the company report.
Financials of Vajram Spinning Mills Private Limited
FY 2019 filings availableVajram Spinning Mills Private Limited reported revenue of ₹2.61 Cr (down 68% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 68% fall in the latest year. EBITDA rose 74% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹76.53 Lakh | ||||
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| Net Profit (PAT) | -₹1.96 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -29.3% | ||||
| Net Profit Margin | -75.1% | ||||
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To see the full financial statements and ratios of Vajram Spinning Mills Private Limited, buy the company report.
Board of directors of Vajram Spinning Mills Private Limited
Vajram Spinning Mills has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Selvaraj Rajalakshmi | Director | 18 Jun 2008 | 18 Years 4 Months | As last reported |
| Nammalwar Naicker Selvaraj | Managing Director | 18 Jun 2008 | 18 Years 4 Months | As last reported |
Peer comparison
Vajram Spinning Mills Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ravideep Apparel Private Limited | ₹2.62 Cr (FY 2018) | -23.0% | Kolkata, West Bengal, India | |||
| F-Italia (India) Private Limited | ₹2.62 Cr (FY 2025) | -64.0% | Ahmedabad, Gujarat, India | |||
| Vajram Spinning Mills Private Limitedthis company | ₹2.61 Cr (FY 2019) | -₹1.96 Cr | -75.1% | -68.0% | 65 | Rajapalayam, Tamil Nadu, India |
| Magpie Impex Private Limited | ₹2.61 Cr (FY 2024) | 16.0% | New Delhi, Delhi, India | |||
| R M H Hosiery Private Limited | ₹2.61 Cr (FY 2024) | -25.0% | Delhi, India | |||
| Bagri Polytex Ltd. | ₹2.61 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Vajram Spinning Mills Private Limited, buy the company report.
Auditor
Vajram Spinning Mills Private Limited is audited by NARAYANASAMY & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARAYANASAMY & ASSOCIATES | FY 2017 | 002401S |
Shareholding
The shareholding of Vajram Spinning Mills Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vajram Spinning Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2009 | 10243843 | Uco Bank | ₹50 Lakh | Open | |
| 10 Dec 2008 | 10141048 | Uco Bank | ₹26.58 Lakh | Open | |
| 04 Dec 2008 | 10161230 | Uco Bank | ₹4.02 Cr | Open | |
| 10 Nov 2008 | 10140237 | Uco Bank | ₹3.1 Cr | Open |
To see the full charge records of Vajram Spinning Mills Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Vajram Spinning Mills Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 3 | 3 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Assistant Commissioner II Rajapalayam | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Assistant Commissioner II Rajapalyam | Disposed |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Assistant Commissioner II Rajapalayam | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Shree Sanjay Trading Co | Disposed |
| District court, Wardha, Maharashtra | Civil suit | Filed against the company by Ms Dhanraj Cotton Industries Through Dilip Goverdhandas Rathi | Disposed |
To see the full case history of Vajram Spinning Mills 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 Vajram Spinning Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vajram Spinning Mills Private Limited has a workforce of 65 employees on its EPFO records as of Oct 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 65 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Vajram Spinning Mills Private Limited, buy the company report.
GST
Vajram Spinning Mills has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCV7647R2ZJ | Tamil Nadu | Active | 01 Jul 2021 |
To see the full GST registrations and return filing status of Vajram Spinning Mills Private Limited, buy the company report.
Recent activity
Vajram Spinning Mills Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Nammalwar Naicker Selvaraj was appointed as Managing Director on 18 Jun 2008.
1 earlier event is in the company report.
Frequently asked questions
Vajram Spinning Mills is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Vajram Spinning Mills is a company under liquidation, formerly operating as a private limited company based in Rajapalayam, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 June 2008 and is registered under CIN U17121TN2008PTC068260. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vajram Spinning Mills has 2 current directors:
- Nammalwar Naicker Selvaraj - Managing Director
- Selvaraj Rajalakshmi - Director
The latest financial statements of Vajram Spinning Mills on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 June 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vajram Spinning Mills is U17121TN2008PTC068260. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vajram Spinning Mills has open charges of ₹7.89 Cr and no satisfied charges on record as per latest MCA filings.
Vajram Spinning Mills has 5 court cases on record: 5 filed against it. Most are in the nclat.
Vajram Spinning Mills was incorporated on 18 June 2008. It is registered with the Registrar of Companies, Chennai.
The peers of Vajram Spinning Mills by revenue are Ravideep Apparel Private Limited, F-Italia (India) Private Limited, Magpie Impex Private Limited, R M H Hosiery Private Limited, Bagri Polytex Ltd, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Nammalwar Naicker Selvaraj was appointed as Managing Director on 18 Jun 2008. Selvaraj Rajalakshmi was appointed as Director on 18 Jun 2008.
The registered office of Vajram Spinning Mills is at D.No.135 Cotton Market, Rajapalayam, Tamil Nadu, India – 626117.
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