Veer Petroleums Private Limited
About Veer Petroleums Private Limited
Data last updated:
Veer Petroleums Private Limited is a private limited company based in East Godavari, Andhra Pradesh, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 04 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U11100AP2014PTC095224. Its GSTIN is 37AAECV9062E2Z3 (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Niranjan Agarwal Lal and Rajendra Prasad Agarwal.
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 is at Sy. No. 15 Balabadrapuram Village Bicavollu Mandal, East Godavari, Andhra Pradesh, India – 533343.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹25.38 Lakh (net margin -13.9%) and EBITDA of ₹1.65 Cr (EBITDA margin 90.8%).
As per MCA filings, the company has open charges of ₹14.67 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Veer Petroleums Private Limited's registered office is in East Godavari, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressSy. No. 15 Balabadrapuram Village Bicavollu Mandal, East Godavari, Andhra Pradesh, India – 533343
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Veer Petroleums 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
Financials of Veer Petroleums Private Limited
FY 2018 filings availableVeer Petroleums Private Limited reported revenue of ₹1.82 Cr (up 26351% YoY) for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹1.82 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.65 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹25.38 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 90.8% | |||
| Net Profit Margin | -13.9% | |||
| 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 Veer Petroleums Private Limited, buy the company report.
Board of directors of Veer Petroleums Private Limited
Veer Petroleums has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niranjan Agarwal Lal | Director | 04 Sep 2014 | 12 Years 1 Months | Current |
| Krishna Kumar Agarwal | Additional Director | 06 Jan 2015 | 11 Years 9 Months | Current |
| Rajendra Prasad Agarwal Also directs: Platinum Distilleries Private Limited | Director | 04 Sep 2014 | 12 Years 1 Months | Current |
| Uma Devi Agarwal | Additional Director | 06 Jan 2015 | 11 Years 9 Months | Current |
Auditor
Veer Petroleums Private Limited is audited by VINAY KARWA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINAY KARWA & ASSOCIATES | FY 2018 | 016004S |
Shareholding
The shareholding of Veer Petroleums Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Veer Petroleums Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2017 | 100102138 | Tamilnad Mercantile Bank Limited | ₹7.35 Cr | Open | |
| 27 Jan 2016 | 10615735 | Tamilnad Mercantile Bank Limited | ₹7.32 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Veer Petroleums Private Limited has 3 court cases on record: 3 filed by Veer Petroleums. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed by the company against Tamilnad Mercantile Bank Ltd. | Disposed |
| High Court, TELANGANA | Criminal complaint | Filed by the company against an individual | Disposed |
| High Court, ANDHRAPRADESH | Arbitration matter | Filed by the company against Process Design & Engineering Services and 1 other | Disposed |
To see the full case history of Veer Petroleums 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 Veer Petroleums Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veer Petroleums has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAECV9062E2Z3 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veer Petroleums Private Limited, buy the company report.
Recent activity
Veer Petroleums Private Limited has 4 board changes on record since 2014: 4 appointments. The latest: Krishna Kumar Agarwal was appointed as Additional Director on 06 Jan 2015.
Frequently asked questions
Veer Petroleums is an active private limited company based in East Godavari, Andhra Pradesh, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 04 September 2014 (12+ years old) and is registered under CIN U11100AP2014PTC095224.
Veer Petroleums has 4 current directors:
- Niranjan Agarwal Lal - Director
- Krishna Kumar Agarwal - Additional Director
- Rajendra Prasad Agarwal - Director
- Uma Devi Agarwal - Additional Director
The latest financial statements of Veer Petroleums 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.
The GSTIN of Veer Petroleums is 37AAECV9062E2Z3, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Veer Petroleums is U11100AP2014PTC095224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veer Petroleums has 3 court cases on record: 3 filed by the company.
Veer Petroleums was incorporated on 04 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
Krishna Kumar Agarwal was appointed as Additional Director on 06 Jan 2015. Uma Devi Agarwal was appointed as Additional Director on 06 Jan 2015. Niranjan Agarwal Lal was appointed as Director on 04 Sep 2014. Veer Petroleums has 4 board changes on record in total.
The registered office of Veer Petroleums is at Sy. No. 15 Balabadrapuram Village Bicavollu Mandal, East Godavari, Andhra Pradesh, India – 533343.
Veer Petroleums operates in the chemicals and materials industry, in the petrochemicals and derivatives segment.