Vasuco Texspares Private Limited
About Vasuco Texspares Private Limited
Data last updated:
Vasuco Texspares Private Limited was a private limited company based in Kolnapur, Maharashtra, India. 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 vocational and skill development training segment of the education sector. It was incorporated on 08 June 1988.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U29263MH1988PTC047633. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh. It was led by directors Vasant Prabhashankar Bhat (Whole-Time Director) and Dhruv Vasant Bhatt.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Plot No G 14 MIDC Gokulshrgaon, Kolnapur, Maharashtra, India – 416234.
As per the financials filed for FY 2018, the company reported a revenue of ₹43,320, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹71,954 (net margin -166.1%) and EBITDA of -₹71,939 (EBITDA margin -166.1%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years.
As per MCA filings, the company had satisfied charges of ₹5 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Vasuco Texspares Private Limited's registered office is in Kolnapur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No G 14 MIDC Gokulshrgaon, Kolnapur, Maharashtra, India – 416234
- IndustryEducation, Vocational & Skill Development Training, Preschools
To see the full contact details of Vasuco Texspares 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 Vasuco Texspares is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Vasuco Texspares Private Limited, buy the company report.
Financials of Vasuco Texspares Private Limited
FY 2018 filings availableVasuco Texspares Private Limited reported revenue of ₹43,320 (down 94% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over three years, including a 94% fall in the latest year. EBITDA fell 123% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹71,939 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹71,954 | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -166.1% | |||
| Net Profit Margin | -166.1% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Vasuco Texspares Private Limited, buy the company report.
Board of directors of Vasuco Texspares Private Limited
Vasuco Texspares has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasant Prabhashankar Bhat | Whole-Time Director | 08 Jun 1988 | 38 Years 4 Months | As last reported |
| Dhruv Vasant Bhatt | Director | 22 Oct 2004 | 22 Years 0 Months | As last reported |
Auditor
Vasuco Texspares Private Limited is audited by G B HIREMATH & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G B HIREMATH & CO | FY 2016 | 103687W |
Shareholding
The shareholding of Vasuco Texspares 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 Vasuco Texspares Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Aug 1999 | 90091008 | Central Bank of India | ₹5 Lakh | Satisfied |
To see the full charge records of Vasuco Texspares Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Vasuco Texspares Private Limited has 1 court case on record: 1 filed by Vasuco Texspares. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Filed by the company against an individual | Disposed |
To see the full case history of Vasuco Texspares 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 Vasuco Texspares Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vasuco Texspares 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 Vasuco Texspares Private Limited, buy the company report.
Recent activity
Vasuco Texspares Private Limited has 3 board changes on record since 1988: 2 appointments and 1 cessation. The latest: Gaurang Vasant Bhatt ceased to be Whole-Time Director on 10 Jul 2014.
Frequently asked questions
Vasuco Texspares 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.
Vasuco Texspares was a private limited company based in Kolnapur, Maharashtra, India. The company worked in vocational and skill development training, within the education industry. It was incorporated on 08 June 1988 and is registered under CIN U29263MH1988PTC047633. The company has been struck off by the Registrar of Companies and is no longer operational.
Vasuco Texspares had 2 directors:
- Vasant Prabhashankar Bhat - Whole-Time Director
- Dhruv Vasant Bhatt - Director
The CIN (Corporate Identification Number) of Vasuco Texspares is U29263MH1988PTC047633. 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 Vasuco Texspares is at Plot No G 14 MIDC Gokulshrgaon, Kolnapur, Maharashtra, India – 416234.
Vasuco Texspares was incorporated on 08 June 1988. It is registered with the Registrar of Companies, Pune.
The latest financial statements of Vasuco Texspares on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Vasuco Texspares has 1 GST registration on record and it is cancelled or inactive.
Vasuco Texspares operated in the education industry, in the vocational and skill development training segment. It worked in this industry before it was struck off.
Vasuco Texspares has 1 court case on record: 1 filed by the company.