Venspra Labs Limited
About Venspra Labs Limited
Data last updated:
Venspra Labs Limited is a public limited company based in Vijayawada. A.P, Telangana, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 02 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U24120AP1993PLC015567. Its GSTIN is 37AAACV7520R1ZQ (Andhra Pradesh).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It was formerly known as Venspra Chemicals Limited and Potina Fertilisers & Chemicals Ltd. It is led by directors including Venkateswara Swamy Potina (Managing Director) and Kanakadurga Potina.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 38 Prakash Market Tarapet, Vijayawada. A.P, Telangana, India.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.3 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net profit of ₹5.84 Lakh (net margin 4.5%) and EBITDA of ₹10.19 Lakh (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 5% over five years.
As per MCA filings, the company has satisfied charges of ₹2.28 Cr on record. Court records list 18 cases involving the company, including 15 filed by the company and 3 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Venspra Labs has undergone 2 name changes throughout its history. The company was previously known as Venspra Chemicals Limited, and Potina Fertilisers & Chemicals Ltd. The current legal name is Venspra Labs Limited.
| Company Name | Status |
|---|---|
| Venspra Labs Limited | Current |
| Venspra Chemicals Limited | Previous |
| Potina Fertilisers & Chemicals Ltd | Previous |
CIN history
Venspra Labs has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24120AP1993PLC015567, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24120AP1993PLC015567 | Current |
| U24120TG1993PLC015567 | Previous |
| U24120AP1993PTC015567 | Previous |
Contact details
Venspra Labs Limited's registered office is in Vijayawada. A.P, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address38 Prakash Market Tarapet, Vijayawada. A.P, Telangana, India
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Venspra Labs 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 Venspra Labs Limited
FY 2021 filings availableVenspra Labs Limited reported revenue of ₹1.3 Cr (down 59% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 59% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 24% 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 | ₹1.3 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.84 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | ||||
| Net Profit Margin | 4.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Venspra Labs Limited, buy the company report.
Board of directors of Venspra Labs Limited
Venspra Labs has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanakadurga Potina Also directs: Vatuka Industries Private Limited | Director | 14 Sep 2013 | 13 Years 1 Months | Current |
| Prakash Pothina Also directs: Pothina Prakasa Rao Industries Private Limited | Director | 14 Sep 2013 | 13 Years 1 Months | Current |
| Nischithaa Pothina Also directs: Vatuka Industries Private Limited | Director | 14 Sep 2013 | 13 Years 1 Months | Current |
| Venkateswara Swamy Potina Also directs: Taara Dairy India Private Limited | Managing Director | 02 Apr 1993 | 33 Years 6 Months | Current |
| Venkatarama Rao Potina | Director | 02 Apr 1993 | 33 Years 6 Months | Current |
Auditor
Venspra Labs Limited is audited by SURYANARAYANAMURTHY & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURYANARAYANAMURTHY & CO | FY 2020 | 004301S |
Shareholding
The shareholding of Venspra Labs Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Venspra Labs Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2011 | 10276349 | Indian Overseas Bank | ₹15 Lakh | Satisfied | |
| 23 Apr 1997 | 90121078 | Small Industries Development Bank of India | ₹30 Lakh | Satisfied | |
| 30 Aug 1996 | 90122537 | Indian Bank | ₹34 Lakh | Satisfied | |
| 30 Aug 1996 | 90123875 | Indian Bank | ₹34 Lakh | Satisfied | |
| 23 Apr 1996 | 90123854 | Indian Bank | ₹25 Lakh | Satisfied |
To see the full charge records of Venspra Labs Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Venspra Labs Limited has 18 court cases on record: 15 filed by Venspra Labs, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 0 | 0 |
| District courts | 4 | 3 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against individuals | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| District court, Ajmer, Rajasthan | Court case (REG. CRI. CASE) | Filed against the company by an individual | Disposed |
| District court, BEAWER, Rajasthan | Court case (REG. CRI. CASE) | Filed against the company by an individual | Disposed |
To see the full case history of Venspra Labs 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 Venspra Labs Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Venspra Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAACV7520R1ZQ | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Venspra Labs Limited, buy the company report.
Recent activity
Venspra Labs Limited has 9 board changes on record since 1993: 5 appointments and 4 cessations. The latest: Keelmangalam Venkataraman Venkata Subramanian ceased to be Director on 14 Sep 2016.
15 earlier events are in the company report.
Frequently asked questions
Venspra Labs is an active public limited company based in Vijayawada. A.P, Telangana, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 02 April 1993 (33+ years old) and is registered under CIN U24120AP1993PLC015567.
Venspra Labs has 5 current directors:
- Venkateswara Swamy Potina - Managing Director
- Kanakadurga Potina - Director
- Prakash Pothina - Director
- Nischithaa Pothina - Director
- Venkatarama Rao Potina - Director
The latest financial statements of Venspra Labs on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Venspra Labs is 37AAACV7520R1ZQ, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Venspra Labs is U24120AP1993PLC015567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venspra Labs has 18 court cases on record: 15 filed by the company and 3 filed against it. Most are in the high courts.
Venspra Labs was incorporated on 02 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Vijayawada.
Keelmangalam Venkataraman Venkata Subramanian ceased to be Director on 14 Sep 2016. Kanakadurga Potina ceased to be Additional Director on 30 Sep 2013. Nischithaa Pothina ceased to be Additional Director on 30 Sep 2013. Venspra Labs has 9 board changes on record in total.
The registered office of Venspra Labs is at 38 Prakash Market Tarapet, Vijayawada. A.P, Telangana, India.
Venspra Labs operates in the chemicals and materials industry, in the industrial chemicals segment.