Varad Vinayak Textiles Private Limited
About Varad Vinayak Textiles Private Limited
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Varad Vinayak Textiles Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Creeper Multitrading Private Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 13 January 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH2006PTC158858.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹11 Lakh. It was led by directors Kamlesh Manubhai Patel and Manubhai Jinabhai Patel.
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 was at A/501 Gurukripa Evershine Nagar C. H. S. Ltd. Malad (West), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.36 Cr, a decline of 91% compared to the previous year. For the same year it recorded a net profit of ₹4,721 (net margin 0%) and EBITDA of ₹7,437 (EBITDA margin 0%).
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending.
Company details
Contact details
Varad Vinayak Textiles Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA/501 Gurukripa Evershine Nagar C. H. S. Ltd. Malad (West), Mumbai, Maharashtra, India – 400064
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Varad Vinayak 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 Varad Vinayak Textiles is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Varad Vinayak Textiles Private Limited, buy the company report.
Financials of Varad Vinayak Textiles Private Limited
FY 2017 filings availableVarad Vinayak Textiles Private Limited reported revenue of ₹6.36 Cr (down 91% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 91% in the latest year. EBITDA fell 100% 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 | ₹6.36 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹7,437 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹4,721 | ||
| 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 | 0% | ||
| Net Profit Margin | 0% | ||
| 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 Varad Vinayak Textiles Private Limited, buy the company report.
Board of directors of Varad Vinayak Textiles Private Limited
Varad Vinayak Textiles has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamlesh Manubhai Patel Also directs: S. Jugal Multitrading Limited, Geeta Gopal Synthetic Pvt Ltd, Shyam Sunder Texfeb Private Limited and 5 more | Additional Director | 15 Oct 2019 | 7 Years 0 Months | As last reported |
| Manubhai Jinabhai Patel Also directs: S. Jugal Multitrading Limited, Geeta Gopal Synthetic Pvt Ltd, Shyam Sunder Texfeb Private Limited and 5 more | Additional Director | 26 Mar 2019 | 7 Years 7 Months | As last reported |
Auditor
Varad Vinayak Textiles Private Limited is audited by Halan & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Halan & Associates | FY 2017 | 141913W |
Shareholding
The shareholding of Varad Vinayak Textiles Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Varad Vinayak Textiles Private Limited, buy the company report.
Legal cases
Varad Vinayak Textiles Private Limited has 4 court cases on record: 2 filed by Varad Vinayak Textiles, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 2 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 2 | Pending |
| Bombay High Court | Court case (CSD) | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Varad Vinayak 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 Varad Vinayak Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Varad Vinayak Textiles Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varad Vinayak Textiles Private Limited has 9 board changes on record since 2007: 2 appointments and 7 cessations. The latest: Kamlesh Manubhai Patel was appointed as Additional Director on 15 Oct 2019.
Frequently asked questions
Varad Vinayak Textiles has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Varad Vinayak Textiles was a private limited company based in Mumbai, Maharashtra, India. The company worked in wholesale, within the trading industry. It was incorporated on 13 January 2006 and is registered under CIN U17120MH2006PTC158858. The company has been struck off by the Registrar of Companies and is no longer operational.
Varad Vinayak Textiles had 2 directors:
- Kamlesh Manubhai Patel - Additional Director
- Manubhai Jinabhai Patel - Additional Director
The CIN (Corporate Identification Number) of Varad Vinayak Textiles is U17120MH2006PTC158858. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Varad Vinayak Textiles is at A501 Gurukripa Evershine Nagar C. H. S. Ltd. Malad West, Mumbai, Maharashtra, India – 400064.
Varad Vinayak Textiles was incorporated on 13 January 2006. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Varad Vinayak Textiles 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.
Varad Vinayak Textiles operated in the trading industry, in the wholesale segment. It worked in this industry before it was struck off.
Varad Vinayak Textiles has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending.
Kamlesh Manubhai Patel was appointed as Additional Director on 15 Oct 2019. Kanchan Ojha ceased to be Director on 15 Oct 2019. Manubhai Jinabhai Patel was appointed as Additional Director on 26 Mar 2019. Varad Vinayak Textiles has 9 board changes on record in total.
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