Veeraa Spinning Mills Private Limited
About Veeraa Spinning Mills Private Limited
Data last updated:
Veeraa Spinning Mills Private Limited was a private limited company based in Anthiyur, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 October 1990.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1990PTC002904. Its GSTIN is 33AAACV7118H1ZH (Tamil Nadu). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹2.23 Lakh. It was led by directors Vikas Naresh Kumar and Raghav Kanodia.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at No 22 Netaji Road Thavittupalayam, Anthiyur, Tamil Nadu, India – 638501.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.17 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹96,008 (net margin 82.2%) and EBITDA of ₹96,009 (EBITDA margin 82.2%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 37% over five years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹16.18 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
Company details
Contact details
Veeraa Spinning Mills Private Limited's registered office is in Anthiyur, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo 22 Netaji Road Thavittupalayam, Anthiyur, Tamil Nadu, India – 638501
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Veeraa Spinning Mills 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 Veeraa Spinning Mills Private Limited
FY 2022 filings availableVeeraa Spinning Mills Private Limited reported revenue of ₹1.17 Lakh (up 2260% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years. EBITDA rose 829% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹96,009 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹96,008 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 82.2% | ||||
| Net Profit Margin | 82.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Veeraa Spinning Mills Private Limited, buy the company report.
Board of directors of Veeraa Spinning Mills Private Limited
Veeraa Spinning Mills has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Naresh Kumar Also directs: Trystan Industries Limited | Director | 03 Dec 2008 | 17 Years 11 Months | As last reported |
| Raghav Kanodia Also directs: Srinidhi Industries Limited, Srinidhi Synthetics Limited, Raghuraj Industries Private Limited and 3 more | Director | 22 Jun 2011 | 15 Years 4 Months | As last reported |
Auditor
Veeraa Spinning Mills Private Limited is audited by N. C. Rajagopal & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. C. Rajagopal & Co. | FY 2015 |
Shareholding
The shareholding of Veeraa Spinning Mills Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Veeraa Spinning Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2010 | 10240751 | Others | ₹15.3 Cr | Satisfied | |
| 02 Mar 2005 | 90007255 | The Federal Bank Ltd | ₹72 Lakh | Satisfied | |
| 01 Feb 1993 | 90006629 | The South Indian Bank Ltd | ₹16.4 Lakh | Satisfied |
To see the full charge records of Veeraa Spinning Mills Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Veeraa Spinning Mills Private Limited has 3 court cases on record: 2 filed by Veeraa Spinning Mills, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (SS) | Filed by the company against M/S Shreeji Textiles and Anr | Disposed |
| Bombay High Court | Court case (SJ) | Filed by the company against M/S. Shreeji Textiles and Anr. | Disposed |
| Supreme Court | Court case (0419-Indirect Taxes Matters : Interpretation of the Central Excise Act & the rules) | Filed against the company by an individual | Disposed |
To see the full case history of Veeraa Spinning Mills 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 Veeraa Spinning Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veeraa Spinning Mills Private Limited has a workforce of 2 employees on its EPFO records as of May 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 2 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Veeraa Spinning Mills Private Limited, buy the company report.
GST
Veeraa Spinning Mills has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACV7118H1ZH | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veeraa Spinning Mills Private Limited, buy the company report.
Recent activity
Veeraa Spinning Mills Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Chempottil Puthenveedu Vinodkumar ceased to be Director on 11 Nov 2022.
6 earlier events are in the company report.
Frequently asked questions
Veeraa Spinning Mills has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Veeraa Spinning Mills was a private limited company based in Anthiyur, Tamil Nadu, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 24 October 1990 and is registered under CIN U17111TZ1990PTC002904. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Veeraa Spinning Mills was incorporated on 24 October 1990. It is registered with the Registrar of Companies, Coimbatore.
Veeraa Spinning Mills had 2 directors:
- Vikas Naresh Kumar - Director
- Raghav Kanodia - Director
The CIN (Corporate Identification Number) of Veeraa Spinning Mills is U17111TZ1990PTC002904. 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 Veeraa Spinning Mills is at No 22 Netaji Road Thavittupalayam, Anthiyur, Tamil Nadu, India – 638501.
The latest financial statements of Veeraa Spinning Mills on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Veeraa Spinning Mills is 33AAACV7118H1ZH, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Veeraa Spinning Mills operated in the manufacturing industry, in the textile and fabric production segment.
Veeraa Spinning Mills has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
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