About Vanasthali Textile Industries Limited
Data last updated:
Vanasthali Textile Industries Limited is a public limited company based in Alwar, Rajasthan, 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 home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 04 March 1991.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN L17124RJ1991PLC008831. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE · penal reasons, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹25.25 Cr and a paid-up capital of ₹19.81 Cr. It is led by directors including Nikhil Poddar (Managing Director) and David Soans.
Its last annual general meeting (AGM) was held on 30 November 2015, and its latest financial statements are for the year ended 31 March 2014. The registered office is at F – 3 – 5 RIICO Industrial Complex Vigvan Nagar Shahjahanpur, Alwar, Rajasthan, India – 301706.
As per the financials filed for FY 2015, the company reported a revenue of ₹11.97 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹7.18 Cr (net margin -60%) and EBITDA of -₹93.94 Lakh (EBITDA margin -7.8%).
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vanasthali Textile Industries Limited. As per MCA filings, the company has open charges of ₹178.01 Cr and satisfied charges of ₹34.96 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it; 2 cases are pending.
The last known website on record is vtiltowels.com.
Company details
CIN history
Vanasthali Textile Industries has one previous CIN (Corporate Identification Number): L17124RJ1994PLC008831. The current CIN is L17124RJ1991PLC008831, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17124RJ1991PLC008831 | Current |
| L17124RJ1994PLC008831 | Previous |
Contact details
Vanasthali Textile Industries Limited's registered office is in Alwar, Rajasthan. Its website is vtiltowels.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressF – 3 – 5 RIICO Industrial Complex Vigvan Nagar Shahjahanpur, Alwar, Rajasthan, India – 301706
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Vanasthali Textile Industries 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
Brands
Vanasthali Textile Industries operates one associated brand: Vanasthali Textile Industries Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Blog focusing on poker games related topics | vtiltowels.com |
Financials of Vanasthali Textile Industries Limited
FY 2014 filings availableVanasthali Textile Industries Limited reported revenue of ₹11.97 Cr (down 24% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹11.97 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹93.94 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹7.18 Cr |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -7.8% |
| Net Profit Margin | -60% |
| 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 Vanasthali Textile Industries Limited, buy the company report.
Board of directors of Vanasthali Textile Industries Limited
Vanasthali Textile Industries has 4 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Poddar Also directs: V D R Leasing and Credit Company Private Limited | Managing Director | 11 Jun 2009 | 17 Years 4 Months | As last reported |
| David Soans Also directs: V D R Leasing and Credit Company Private Limited | Director | 11 Jun 2009 | 17 Years 4 Months | As last reported |
| Panna Lal Goswami | Additional Director | 14 Aug 2013 | 13 Years 2 Months | As last reported |
| Sarswati Agarwal | Additional Director | 08 Sep 2016 | 10 Years 1 Months | As last reported |
Auditor
Vanasthali Textile Industries Limited is audited by JAIN RAJ ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN RAJ ASSOCIATES | FY 2015 | 007535N |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2007 | 10107689 | Syndicate Bank | ₹3.56 Cr | Open | |
| 05 Oct 2006 | 10025212 | Oriental Bank of Commerce | ₹24.25 Cr | Open | |
| 02 Jun 2006 | 10005891 | Oriental Bank of Commerce | ₹38.5 Cr | Open | |
| 04 May 2006 | 10006411 | Phoenix Arc Private Limited | ₹7 Cr | Open | |
| 07 Mar 2006 | 80003691 | Oriental Bank of Commerce | ₹13.5 Cr | Open |
To see the full charge records of Vanasthali Textile Industries Limited, buy the company report.
Total charge records: 27 View all charges
Legal cases
Vanasthali Textile Industries Limited has 10 court cases on record: 6 filed by Vanasthali Textile Industries, 4 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 2 |
| District courts | 3 | 3 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CMCC) | Filed by the company against M/S Arco Electro Technologies Pvt Ltd | Pending |
| High Court | Court case (CSTAY) | Filed by the company against M/S Arco Electro Technologies Pvt Ltd | Pending |
| District court, North, Delhi | Civil suit | Filed against the company by CMS Impex (India) Pvt. Ltd | Disposed |
| High Court | Court case (CSTAY) | Filed against the company by M/S Arco Electro Technologies Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by an individual | Disposed |
To see the full case history of Vanasthali Textile Industries 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 Vanasthali Textile Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vanasthali Textile Industries Limited has a workforce of 2 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Vanasthali Textile Industries 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 Vanasthali Textile Industries Limited, buy the company report.
Recent activity
Vanasthali Textile Industries Limited has 44 board changes on record since 1991: 24 appointments and 20 cessations. The latest: Sarswati Agarwal was appointed as Additional Director on 08 Sep 2016.
91 earlier events are in the company report.
Frequently asked questions
Vanasthali Textile Industries 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.
Vanasthali Textile Industries is a company under liquidation, formerly operating as a public limited company based in Alwar, Rajasthan, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 04 March 1991 and is registered under CIN L17124RJ1991PLC008831. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vanasthali Textile Industries has 4 current directors:
- Nikhil Poddar - Managing Director
- David Soans - Director
- Panna Lal Goswami - Additional Director
- Sarswati Agarwal - Additional Director
The latest financial statements of Vanasthali Textile Industries on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 30 November 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vanasthali Textile Industries is L17124RJ1991PLC008831. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vanasthali Textile Industries is recorded as a listed company by MCA, but its shares were delisted from BSE · penal reasons, and no longer trade on a stock exchange.
Vanasthali Textile Industries has open charges of ₹178.01 Cr and satisfied charges of ₹34.96 Cr as per latest MCA filings.
Vanasthali Textile Industries has 10 court cases on record: 6 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Vanasthali Textile Industries was incorporated on 04 March 1991. It is registered with the Registrar of Companies, Jaipur.
Sarswati Agarwal was appointed as Additional Director on 08 Sep 2016. Amit Kumar Gupta ceased to be Company Secretary on 14 Aug 2013. Panna Lal Goswami was appointed as Additional Director on 14 Aug 2013. Vanasthali Textile Industries has 44 board changes on record in total.
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