Vaman Textiles Private Limited
About Vaman Textiles Private Limited
Data last updated:
Vaman Textiles Private Limited is a private limited company based in Surat, Gujarat, 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 30 June 2008.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2008PTC054340. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹31.99 Lakh. It is led by directors Paresh Kantilal Patel and Parul Pareshkumar Patel.
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 17 Shanti Vihar Society Magob Taluka: Choryasi, Surat, Gujarat, India – 394211.
As per the financials filed for FY 2016, the company reported a revenue of ₹9.15 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹39.18 Lakh (net margin -428.2%) and EBITDA of -₹39.18 Lakh (EBITDA margin -428.2%).
As per MCA filings, the company has open charges of ₹9.57 Cr and satisfied charges of ₹29.36 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company and 1 filed against it; 1 case is pending.
Company details
Contact details
Vaman Textiles Private Limited's registered office is in Surat, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address17 Shanti Vihar Society Magob Taluka: Choryasi, Surat, Gujarat, India – 394211
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vaman Textiles 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 Vaman Textiles 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 Vaman Textiles Private Limited, buy the company report.
Financials of Vaman Textiles Private Limited
FY 2016 filings availableVaman Textiles Private Limited reported revenue of ₹9.15 Lakh (down 99% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 99% in the latest year. EBITDA rose 87% 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 | ₹9.15 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹39.18 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹39.18 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 | -428.2% | |
| Net Profit Margin | -428.2% | |
| 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 Vaman Textiles Private Limited, buy the company report.
Board of directors of Vaman Textiles Private Limited
Vaman Textiles has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Kantilal Patel Also directs: Mahakal Engineering (OPC) Private Limited | Director | 28 Mar 2017 | 9 Years 7 Months | As last reported |
| Parul Pareshkumar Patel | Director | 28 Mar 2017 | 9 Years 7 Months | As last reported |
Auditor
Vaman Textiles Private Limited is audited by N A M S & Co for the financial year 2014.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N A M S & Co | FY 2014 |
Shareholding
The shareholding of Vaman Textiles 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 Vaman Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2011 | 10280059 | Punjab National Bank | ₹4.78 Cr | Open | |
| 26 Feb 2011 | 10275641 | Punjab National Bank | ₹4.78 Cr | Open | |
| 31 Jan 2009 | 10143741 | Bank of Baroda | ₹4.46 Cr | Satisfied | |
| 31 Jan 2009 | 10143742 | Bank of Baroda | ₹24.9 Cr | Satisfied |
To see the full charge records of Vaman Textiles Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Vaman Textiles Private Limited has 5 court cases on record: 5 filed by Vaman Textiles, 1 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 4 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Mr Ajit Gyanchand Jain Liquidator of Vaman Textiles Private Limited | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Mr. Paresh Kantilal Patel Suspended Board of Vaman Textiles Private Limited and 1 other | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Disposed |
To see the full case history of Vaman Textiles 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 Vaman Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vaman Textiles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vaman Textiles Private Limited, buy the company report.
Recent activity
Vaman Textiles Private Limited has 11 board changes on record since 2011: 2 appointments and 9 cessations. The latest: Govindbhai Tribhovandas Patel ceased to be Director on 30 Mar 2017.
9 earlier events are in the company report.
Frequently asked questions
Vaman Textiles 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.
Vaman Textiles is a company under liquidation, formerly operating as a private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 30 June 2008 and is registered under CIN U17120GJ2008PTC054340. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vaman Textiles has 2 current directors:
- Paresh Kantilal Patel - Director
- Parul Pareshkumar Patel - Director
The latest financial statements of Vaman Textiles 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 Vaman Textiles is U17120GJ2008PTC054340. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vaman Textiles has open charges of ₹9.57 Cr and satisfied charges of ₹29.36 Cr as per latest MCA filings.
Vaman Textiles has 5 court cases on record: 5 filed by the company and 1 filed against it. 1 is pending. Most are in the nclt.
Vaman Textiles was incorporated on 30 June 2008. It is registered with the Registrar of Companies, Ahmedabad.
Govindbhai Tribhovandas Patel ceased to be Director on 30 Mar 2017. Hasmukhbhai Tribhovandas Patel ceased to be Director on 30 Mar 2017. Paresh Kantilal Patel was appointed as Director on 28 Mar 2017. Vaman Textiles has 11 board changes on record in total.
The registered office of Vaman Textiles is at 17 Shanti Vihar Society Magob Taluka: Choryasi, Surat, Gujarat, India – 394211.
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