About Veesons Energy Systems Private Limited
Data last updated:
Veesons Energy Systems Private Limited is a private limited company based in Tiruchirappalli, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the heavy engineering and manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 04 October 1996.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29113TN1996PTC036693. Its GSTIN is 33AAACV2974K2Z3 (Tamil Nadu). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.8 Cr. It is led by directors including Venkatachalam Ramakrishnan (Managing Director) and Ramakrishnan Malliga.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Tiruchirappalli, Tamil Nadu.
As per the financials filed for FY 2017, the company reported a revenue of ₹43.58 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹25.54 Cr (net margin -58.6%) and EBITDA of -₹17.27 Cr (EBITDA margin -39.6%).
The company has about 80 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹115.54 Cr and satisfied charges of ₹13.26 Cr on record. Court records list 41 cases involving the company, including 14 filed by the company and 27 filed against it; 3 cases are pending.
The last known website on record is veesons.com.
Company details
Contact details
Veesons Energy Systems Private Limited's registered office is in Tiruchirappalli, Tamil Nadu. Its website is veesons.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC14/2 Industrial Estate Thuvakudi Trichirapalli – 620015 Thuvakudi, Trichirapalli – 620015, Tiruchirappalli, Tamil Nadu, India – 620015
- IndustryMachinery and Equipment, Heavy Engineering & Manufacturing
To see the full contact details of Veesons Energy Systems 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 Veesons Energy Systems is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Veesons Energy Systems Private Limited, buy the company report.
Financials of Veesons Energy Systems Private Limited
FY 2017 filings availableVeesons Energy Systems Private Limited reported revenue of ₹43.58 Cr (up 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year. EBITDA rose 31% 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 | ₹43.58 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹17.27 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹25.54 Cr | ||
| 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 | -39.6% | ||
| Net Profit Margin | -58.6% | ||
| 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 Veesons Energy Systems Private Limited, buy the company report.
Board of directors of Veesons Energy Systems Private Limited
Veesons Energy Systems has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatachalam Ramakrishnan Also directs: Asian Asbestos Cement Industries Limited | Managing Director | 04 Oct 1996 | 30 Years 1 Months | As last reported |
| Ramakrishnan Malliga Also directs: Asian Asbestos Cement Industries Limited | Director | 26 Aug 1997 | 29 Years 2 Months | As last reported |
| Venkatachalam Shankar Also directs: Asian Asbestos Cement Industries Limited | Alternate Director | 18 Nov 2009 | 16 Years 11 Months | As last reported |
Auditor
Veesons Energy Systems Private Limited is audited by G RAMESHKUMAR & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G RAMESHKUMAR & CO | FY 2017 | 003010S |
Shareholding
The shareholding of Veesons Energy Systems 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 Veesons Energy Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2015 | 10579851 | Bhimseria Agro Private Limited | ₹47.1 Lakh | Open | |
| 30 Sep 2014 | 10531655 | Idbi Bank Limited | ₹14.5 Cr | Open | |
| 27 Dec 2012 | 10395439 | The Tamil Nadu Industrial Investment Corporation Limited | ₹80 Lakh | Open | |
| 22 Nov 2012 | 10387380 | The Tamil Nadu Industrial Investment Corporation Limited | ₹1.7 Cr | Open | |
| 24 Jun 2010 | 10227855 | L & T Finance Limited | ₹18.8 Lakh | Open |
To see the full charge records of Veesons Energy Systems Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Veesons Energy Systems Private Limited has 41 court cases on record: 14 filed by Veesons Energy Systems, 27 filed against it. 3 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 18 | 3 |
| High courts | 6 | 4 | 0 |
| Supreme Court | 3 | 2 | 0 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Do-Well Oil Plants Pvt Ltd | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Shri Mahavir Ferro Alloys Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Dmsons Metal Pvt. Ltd. - Applicant | Disposed |
| NCLT, Chennai | Court case (MA(IBC)) | Filed by the company against Ozone Projects Pvt Ltd | Disposed |
| NCLT, Chennai | Court case (COMP.APPL(IBC)) | Filed by the company against Parry Sugars Refinery India Pvt Ltd | Disposed |
To see the full case history of Veesons Energy Systems 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.
Credit ratings & regulatory alerts
Veesons Energy Systems Private Limited was last rated by Crisil on 12 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 May 2020 |
To see the full credit ratings and regulatory alerts of Veesons Energy Systems Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Veesons Energy Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veesons Energy Systems Private Limited has a workforce of 80 employees on its EPFO records as of Dec 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 80 |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 |
To see the full employee and EPFO history of Veesons Energy Systems Private Limited, buy the company report.
GST
Veesons Energy Systems has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACV2974K2Z3 | Tamil Nadu | Active | 05 Oct 2018 |
To see the full GST registrations and return filing status of Veesons Energy Systems Private Limited, buy the company report.
Recent activity
Veesons Energy Systems Private Limited has 3 board changes on record since 1996: 3 appointments. The latest: Venkatachalam Shankar was appointed as Alternate Director on 18 Nov 2009.
12 earlier events are in the company report.
Frequently asked questions
Veesons Energy Systems is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Veesons Energy Systems is a company under liquidation, formerly operating as a private limited company based in Tiruchirappalli, Tamil Nadu, India. The company works in heavy engineering and manufacturing, within the machinery and equipment industry. It was incorporated on 04 October 1996 and is registered under CIN U29113TN1996PTC036693. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Veesons Energy Systems has 3 current directors:
- Venkatachalam Ramakrishnan - Managing Director
- Ramakrishnan Malliga - Director
- Venkatachalam Shankar - Alternate Director
The latest financial statements of Veesons Energy Systems on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Veesons Energy Systems is U29113TN1996PTC036693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veesons Energy Systems has open charges of ₹115.54 Cr and satisfied charges of ₹13.26 Cr as per latest MCA filings.
Veesons Energy Systems has 41 court cases on record: 14 filed by the company and 27 filed against it. 3 are pending. Most are in the district courts.
Veesons Energy Systems was incorporated on 04 October 1996. It is registered with the Registrar of Companies, Chennai.
Venkatachalam Shankar was appointed as Alternate Director on 18 Nov 2009. Ramakrishnan Malliga was appointed as Director on 26 Aug 1997. Venkatachalam Ramakrishnan was appointed as Managing Director on 04 Oct 1996.
Veesons Energy Systems can be reached through the website veesons.com. Its registered office is in Tiruchirappalli, Tamil Nadu, India.
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