Vedant Synthetics Private Limited
About Vedant Synthetics Private Limited
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Vedant Synthetics Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 29 August 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ2002PTC041200. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16 Lakh. It is led by directors including Rajeshkumar Rathi Laxminarayan and Vijaykumar Laxminarayan Rathi.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at S – 2240 Surat Textile Marketring Road, Gujarat, India – 395002.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.13 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹80,593 (net margin 0.7%) and EBITDA of ₹14.69 Lakh (EBITDA margin 13%).
As per MCA filings, the company has open charges of ₹85 Lakh and satisfied charges of ₹1.08 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Vedant Synthetics Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS – 2240 Surat Textile Marketring Road, Gujarat, India – 395002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vedant Synthetics 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 Vedant Synthetics 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 Vedant Synthetics Private Limited, buy the company report.
Financials of Vedant Synthetics Private Limited
FY 2017 filings availableVedant Synthetics Private Limited reported revenue of ₹1.13 Cr (down 18% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 18% in the latest year. EBITDA fell 44% 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 | |||
| Other Income | |||
| Total Revenue | ₹1.13 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹14.69 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹80,593 | ||
| 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 | 13% | ||
| Net Profit Margin | 0.7% | ||
| 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 Vedant Synthetics Private Limited, buy the company report.
Board of directors of Vedant Synthetics Private Limited
Vedant Synthetics has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeshkumar Rathi Laxminarayan Also directs: Kewal Fashions Private Limited | Director | 29 Aug 2002 | 24 Years 2 Months | Current |
| Vijaykumar Laxminarayan Rathi Also directs: Kewal Fashions Private Limited | Director | 29 Aug 2002 | 24 Years 2 Months | Current |
| Laxminarayan Ratanchand Rathi Also directs: Kewal Fashions Private Limited | Director | 29 Aug 2002 | 24 Years 2 Months | Current |
| Kanta Laxminarayan Rathi Also directs: Kewal Fashions Private Limited | Director | 29 Aug 2002 | 24 Years 2 Months | Current |
| Anita Vijaykumar Rathi Also directs: Kewal Fashions Private Limited | Director | 29 Aug 2002 | 24 Years 2 Months | Current |
| Shreekanta Rajeshkumar Rathi Also directs: Kewal Fashions Private Limited | Director | 29 Aug 2002 | 24 Years 2 Months | Current |
Auditor
Vedant Synthetics Private Limited is audited by ASHOK BAHETI AND COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK BAHETI AND COMPANY | FY 2017 | 131758W |
Shareholding
The shareholding of Vedant Synthetics Private Limited is on record for FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Vedant Synthetics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2013 | 10450938 | City Union Bank Limited | ₹85 Lakh | Open | |
| 31 Dec 2005 | 80055198 | Hdfc Bank Limited | ₹75 Lakh | Satisfied | |
| 20 Jan 2005 | 80066640 | Indusind Bank Limited | ₹32.5 Lakh | Satisfied |
To see the full charge records of Vedant Synthetics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Vedant Synthetics Private Limited has 2 court cases on record: 2 filed by Vedant Synthetics. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Civil suit | Filed by the company against individuals | Disposed |
To see the full case history of Vedant Synthetics 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 Vedant Synthetics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vedant Synthetics 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 Vedant Synthetics Private Limited, buy the company report.
Recent activity
Vedant Synthetics Private Limited has 8 board changes on record since 2002: 6 appointments and 2 cessations. The latest: Rajeshkumar Rathi Laxminarayan ceased to be Director on 27 Nov 2017.
5 earlier events are in the company report.
Frequently asked questions
Vedant Synthetics is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 29 August 2002 (24+ years old) and is registered under CIN U17119GJ2002PTC041200.
Vedant Synthetics has 6 current directors:
- Rajeshkumar Rathi Laxminarayan - Director
- Vijaykumar Laxminarayan Rathi - Director
- Laxminarayan Ratanchand Rathi - Director
- Kanta Laxminarayan Rathi - Director
- Anita Vijaykumar Rathi - Director
- Shreekanta Rajeshkumar Rathi - Director
The latest financial statements of Vedant Synthetics on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Vedant Synthetics has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Vedant Synthetics is U17119GJ2002PTC041200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vedant Synthetics has 2 court cases on record: 2 filed by the company.
Vedant Synthetics was incorporated on 29 August 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rajeshkumar Rathi Laxminarayan ceased to be Director on 27 Nov 2017. Shreekanta Rajeshkumar Rathi ceased to be Director on 27 Nov 2017. Anita Vijaykumar Rathi was appointed as Director on 29 Aug 2002. Vedant Synthetics has 8 board changes on record in total.
The registered office of Vedant Synthetics is at S – 2240 Surat Textile Marketring Road, Gujarat, India – 395002.
Vedant Synthetics operates in the manufacturing industry, in the textile and fabric production segment.
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