Velsons Resin Private Limited
About Velsons Resin Private Limited
Data last updated:
Velsons Resin Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 28 October 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24132GJ2013PTC077350. Its GSTIN is 24AAECV6411H2ZH (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Sureshbhai Chimanlal Bhavsar and Mahavirkumar Amrutlal Barot.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Anand Timber Mart Compound Bh. Karnavati Hospital Opp. Saijpur Tower Saijpur Bogha, Ahmedabad, Gujarat, India – 382345.
As per the financials filed for FY 2020, the company reported a revenue of ₹12.86 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹1.12 Cr (net margin -8.7%) and EBITDA of -₹1.23 Cr (EBITDA margin -9.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
As per MCA filings, the company has satisfied charges of ₹1.4 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Velsons Resin Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAnand Timber Mart Compound Bh. Karnavati Hospital Opp. Saijpur Tower Saijpur Bogha, Ahmedabad, Gujarat, India – 382345
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Velsons Resin 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 Velsons Resin is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Velsons Resin Private Limited, buy the company report.
Financials of Velsons Resin Private Limited
FY 2020 filings availableVelsons Resin Private Limited reported revenue of ₹12.86 Cr (down 25% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 84% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹12.86 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.12 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.6% | ||||
| Net Profit Margin | -8.7% | ||||
| 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 | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Velsons Resin Private Limited, buy the company report.
Board of directors of Velsons Resin Private Limited
Velsons Resin has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sureshbhai Chimanlal Bhavsar | Director | 24 Jun 2021 | 5 Years 4 Months | Current |
| Mahavirkumar Amrutlal Barot | Director | 24 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Velsons Resin Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shyam Pheno-Chem Private Limited | ₹12.91 Cr (FY 2024) | 33.0% | Hyderabad, Andhra Pradesh, Telangana, India | |||
| Real Surface Finish Private Limited | ₹12.9 Cr (FY 2025) | -18.0% | Por Ramangamdi, Gujarat, India | |||
| Velsons Resin Private Limitedthis company | ₹12.86 Cr (FY 2020) | -₹1.12 Cr | -8.7% | -25.0% | Ahmedabad, Gujarat, India | |
| Tanay Inorganics Private Limited | ₹12.86 Cr (FY 2024) | 7296.0% | Dhanbad, Jharkhand, India | |||
| Mehta Dye Chem Private Limited | ₹12.76 Cr (FY 2024) | -65.0% | Ahmedabad, Gujarat, India | |||
| Alsen Industries Private Limited | ₹12.74 Cr (FY 2024) | -12.0% | Sanjua, West Bengal, India |
To see the full peer comparison of Velsons Resin Private Limited, buy the company report.
Auditor
Velsons Resin Private Limited is audited by HITESH GOHEL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HITESH GOHEL & CO | FY 2020 | 129089W |
Shareholding
The shareholding of Velsons Resin Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Velsons Resin Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2016 | 100029850 | Others | ₹1.4 Cr | Satisfied |
To see the full charge records of Velsons Resin Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Velsons Resin Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
To see the full case history of Velsons Resin 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 Velsons Resin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velsons Resin has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECV6411H2ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Velsons Resin Private Limited, buy the company report.
Recent activity
Velsons Resin Private Limited has 6 board changes on record since 2021: 2 appointments and 4 cessations. The latest: Govindbhai Veljibhai Patel ceased to be Director on 25 Jun 2021.
Frequently asked questions
Velsons Resin is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 28 October 2013 (13+ years old) and is registered under CIN U24132GJ2013PTC077350.
Velsons Resin has 2 current directors:
- Sureshbhai Chimanlal Bhavsar - Director
- Mahavirkumar Amrutlal Barot - Director
The latest financial statements of Velsons Resin on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Velsons Resin is 24AAECV6411H2ZH, registered in Gujarat. 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 Velsons Resin is U24132GJ2013PTC077350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velsons Resin has 1 court case on record: 1 filed against it. 1 is pending.
Velsons Resin was incorporated on 28 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Velsons Resin by revenue are Shyam Pheno-Chem Private Limited, Real Surface Finish Private Limited, Tanay Inorganics Private Limited, Mehta Dye Chem Private Limited, Alsen Industries Private Limited, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Govindbhai Veljibhai Patel ceased to be Director on 25 Jun 2021. Prahlad Veljibhai Patel ceased to be Director on 25 Jun 2021. Mahavirkumar Amrutlal Barot was appointed as Director on 24 Jun 2021. Velsons Resin has 6 board changes on record in total.
The registered office of Velsons Resin is at Anand Timber Mart Compound Bh. Karnavati Hospital Opp. Saijpur Tower Saijpur Bogha, Ahmedabad, Gujarat, India – 382345.
Velsons Resin operates in the chemicals and materials industry, in the industrial chemicals segment.
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