Veefab Synthetics Pvt Ltd
About Veefab Synthetics Pvt Ltd
Data last updated:
Veefab Synthetics Pvt Ltd is a private limited company based in Thane, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 September 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24300MH1987PTC044770. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.63 Lakh. It is led by directors including Tara Shivkant Jha and Shivkant Jha.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 2 Amey Park Bl – 6 Navapur Road Boisar., Thane, Maharashtra, India – 401501.
As per the financials filed for FY 2021, the company reported a revenue of ₹40.34 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹9.28 Lakh (net margin -23%) and EBITDA of ₹9.02 Lakh (EBITDA margin 22.4%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 40% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹55 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Veefab Synthetics Pvt Ltd's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2 Amey Park Bl – 6 Navapur Road Boisar., Thane, Maharashtra, India – 401501
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Veefab Synthetics Pvt Ltd, 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 Veefab Synthetics 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 Veefab Synthetics Pvt Ltd, buy the company report.
Financials of Veefab Synthetics Pvt Ltd
FY 2021 filings availableVeefab Synthetics Pvt Ltd reported revenue of ₹40.34 Lakh (down 75% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 40% over five years, including a 75% fall in the latest year. EBITDA rose 108% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹40.34 Lakh | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹9.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.28 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.4% | ||||
| Net Profit Margin | -23% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Veefab Synthetics Pvt Ltd, buy the company report.
Board of directors of Veefab Synthetics Pvt Ltd
Veefab Synthetics has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tara Shivkant Jha Also directs: Shivshakti Silk Mills Private Limited | Director | 23 Jul 2013 | 13 Years 3 Months | Current |
| Shivkant Jha Also directs: Shivshakti Silk Mills Private Limited | Director | 23 Jul 2013 | 13 Years 3 Months | Current |
| Ashish Shivkant Jha | Director | 23 Jul 2013 | 13 Years 3 Months | Current |
Auditor
Veefab Synthetics Pvt Ltd is audited by K P C M & CO. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P C M & CO. | FY 2021 | 117390W |
Shareholding
The shareholding of Veefab Synthetics Pvt Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veefab Synthetics Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2021 | 100462260 | Others | ₹1 Cr | Open | |
| 17 Mar 2017 | 100085726 | Others | ₹1 Cr | Open | |
| 10 Mar 2017 | 100085725 | Others | ₹1 Cr | Open | |
| 14 Jun 1995 | 90224635 | Abhyudaya Co-Oprative Bank Ltd. | ₹20 Lakh | Satisfied | |
| 03 Sep 1990 | 90224192 | Abhyudaya Co-Oprative Bank Ltd. | ₹20 Lakh | Satisfied |
To see the full charge records of Veefab Synthetics Pvt Ltd, buy the company report.
Total charge records: 7 View all charges
Legal cases
Veefab Synthetics Pvt Ltd has 1 court case on record: 1 filed by Veefab Synthetics. 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, Thane, Maharashtra | Civil suit | Filed by the company against M/S. Shubh Tex Products Pvt. Ltd. and Other 2 and 2 others | Disposed |
To see the full case history of Veefab Synthetics Pvt Ltd, 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 Veefab Synthetics Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veefab Synthetics Pvt Ltd has a workforce of 8 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
GST
Veefab 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 Veefab Synthetics Pvt Ltd, buy the company report.
Recent activity
Veefab Synthetics Pvt Ltd has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Champalal Bhabutmal Valdria ceased to be Director on 24 Jul 2014.
9 earlier events are in the company report.
Frequently asked questions
Veefab Synthetics is an active private limited company based in Thane, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 September 1987 (39+ years old) and is registered under CIN U24300MH1987PTC044770.
Veefab Synthetics has 3 current directors:
- Tara Shivkant Jha - Director
- Shivkant Jha - Director
- Ashish Shivkant Jha - Director
The latest financial statements of Veefab Synthetics on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Veefab Synthetics has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Veefab Synthetics is U24300MH1987PTC044770. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veefab Synthetics has 1 court case on record: 1 filed by the company.
Veefab Synthetics was incorporated on 24 September 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Champalal Bhabutmal Valdria ceased to be Director on 24 Jul 2014. Parimal Laxmidas Parekh ceased to be Director on 24 Jul 2014. Ashish Shivkant Jha was appointed as Director on 23 Jul 2013. Veefab Synthetics has 5 board changes on record in total.
The registered office of Veefab Synthetics is at 2 Amey Park Bl – 6 Navapur Road Boisar., Thane, Maharashtra, India – 401501.
Veefab Synthetics operates in the manufacturing industry, in the textile and fabric production segment.