Vela Steels Private Limited
About Vela Steels Private Limited
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Vela Steels Private Limited is a private limited company based in Namakkal Dt, Tamil Nadu, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U27100TZ2013PTC019646. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.02 Cr. It is led by directors including Lakshmanan Yuvaraj and Varatharaj Vinoth Kumar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Namakkal Dt, Tamil Nadu.
As per the financials filed for FY 2020, the company reported a revenue of ₹9 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹64.95 Lakh and EBITDA of -₹73.86 Lakh.
As per MCA filings, the company has satisfied charges of ₹2.3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address526/76/2 Katcheri Street Velur Road Tiruchengod, E Tk, Namakkal Dt, Tamil Nadu, India – 637211
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Financials of Vela Steels Private Limited FY 2022 filings available
Vela Steels Private Limited reported revenue of ₹9 Lakh (down 46% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Vela Steels Private Limited
Revenue fell 46% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Vela Steels Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹9 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹73.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹64.95 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 of Vela Steels Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vela Steels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Vela Steels Private Limited
Vela Steels has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lakshmanan Yuvaraj | Director | 30 Sep 2015 | 11 Years 0 Months | Current |
| Varatharaj Vinoth Kumar | Director | 10 Mar 2014 | 12 Years 7 Months | Current |
| Ramasamy Palaniyappan | Director | 10 Mar 2014 | 12 Years 7 Months | Current |
| Varadharaj Mohankumar | Director | 10 Mar 2014 | 12 Years 7 Months | Current |
Auditor Details of Vela Steels Private Limited
Vela Steels Private Limited is audited by KRUPA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRUPA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Vela Steels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vela Steels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Nov 2017 | Canara Bank | ₹2.3 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Vela Steels Private Limited
Employment history and EPFO contributions of people linked to Vela Steels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Vela Steels Private Limited
Vela Steels Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Lakshmanan Yuvaraj was appointed as Director on 30 Sep 2015.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vela Steels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vela Steels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vela Steels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vela Steels Private Limited
Vela Steels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vela Steels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vela Steels Private Limited
Vela Steels is an active private limited company based in Namakkal Dt, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 July 2013 (13+ years old) and is registered under CIN U27100TZ2013PTC019646.
Vela Steels reported revenue of ₹9 Lakh for FY 2020 (down 46% YoY).
Vela Steels has 4 current directors:
- Lakshmanan Yuvaraj - Director
- Varatharaj Vinoth Kumar - Director
- Ramasamy Palaniyappan - Director
- Varadharaj Mohankumar - Director
Vela Steels reported a net loss of ₹64.95 Lakh and EBITDA of -₹73.86 Lakh for FY 2020, as per its filed financial statements.
No. Vela Steels has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Vela Steels is U27100TZ2013PTC019646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vela Steels was incorporated on 02 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Coimbatore.
Lakshmanan Yuvaraj was appointed as Director on 30 Sep 2015. Ramasamy Palaniyappan ceased to be Additional Director on 30 Sep 2014. Varadharaj Mohankumar ceased to be Additional Director on 30 Sep 2014. Vela Steels has 10 board changes on record in total.
The registered office of Vela Steels is at 526762 Katcheri Street Velur Road Tiruchengod, E Tk, Namakkal Dt, Tamil Nadu, India – 637211.
Vela Steels has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.02 Cr.