MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-05-0006361
Vera Nets Private Limited
Vera Nets Private Limited - manufacturing in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.66 Cr
▼ 53% YoY
Net loss · FY 2023
₹38.65 Lakh
Net margin -5%
EBITDA · FY 2023
-₹19.98 Lakh
EBITDA margin -2.6%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1.01 Cr
Issued & subscribed
Open charges
₹4.96 Cr
Satisfied ₹8.45 Cr
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
About Vera Nets Private Limited
Data last updated:
Vera Nets Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 01 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17213GJ2014PTC078105. Its GSTIN is 24AAECV6807F1ZE (Gujarat).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors Champaben Devjibhai Makwana and Sheebaben Makwana Yogeshbhai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 26 – Patani Plaza Complex Devu Baug Dairy Road, Bhavnagar, Gujarat, India – 364002.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.66 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹38.65 Lakh (net margin -5%) and EBITDA of -₹19.98 Lakh (EBITDA margin -2.6%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹4.96 Cr and satisfied charges of ₹8.45 Cr on record.
Vera Nets Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0006361). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17213GJ2014PTC078105
Registration Number 078105
Incorporation Date 01 January 2014
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-05-0006361
Recognitions & Rankings of Vera Nets
Contact details
Vera Nets Private Limited's registered office is in Bhavnagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address26 – Patani Plaza Complex Devu Baug Dairy Road, Bhavnagar, Gujarat, India – 364002
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Vera Nets Private Limited, buy the company report.
Comprehensive company report
Vera Nets Private Limited - one report that includes everything
- 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
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Financials of Vera Nets Private Limited
FY 2024 filings availableVera Nets Private Limited reported revenue of ₹7.66 Cr (down 53% YoY) for FY 2023.
Revenue · FY 2023
₹7.66 Cr ▼ 53%
Net loss · FY 2023
₹38.65 Lakh margin -5%
EBITDA · FY 2023
-₹19.98 Lakh margin -2.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 53%
3 years · compounded
▼ 21%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 53% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.66 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹19.98 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹38.65 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.6% | ||||
| Net Profit Margin | -5% | ||||
| 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 Vera Nets Private Limited, buy the company report.
Board of directors of Vera Nets Private Limited
Vera Nets has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Champaben Devjibhai Makwana Also directs: Om Shivay Industries Private Limited | Director | 01 Jan 2014 | 12 Years 10 Months | Current |
| Sheebaben Makwana Yogeshbhai | Director | 01 Jan 2014 | 12 Years 10 Months | Current |
Auditor
Vera Nets Private Limited is audited by NIRAV PATEL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRAV PATEL & CO. | FY 2023 | 134617W |
Shareholding
The shareholding of Vera Nets Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vera Nets Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.96 Cr
Satisfied charges
₹8.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2020 | 100392542 | Others | ₹4.96 Cr | Open | |
| 12 Jun 2014 | 10515320 | Canara Bank | ₹8.45 Cr | Satisfied |
To see the full charge records of Vera Nets Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Vera Nets Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Vera Nets Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 51 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Aangee Compounds LLP |
To see the full MSME payment records of Vera Nets Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vera Nets Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
Vera Nets has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECV6807F1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vera Nets Private Limited, buy the company report.
Recent activity
Vera Nets Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Champaben Devjibhai Makwana was appointed as Director on 01 Jan 2014.
AGM
Vera Nets Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vera Nets Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 4.96 Cr registered on 21 Nov 2020 with Charge ID 100392542 was modified on 26 May 2022.
Charges
A charge with Others amounted to Rs. 4.96 Cr with Charge ID 100392542 was registered on 21 Nov 2020.
Charges
A charge registered on 12 Jun 2014 via Charge ID 10515320 with Canara Bank was fully satisfied on 10 Jun 2020.
Charges
A charge with Canara Bank amounted to Rs. 8.45 Cr with Charge ID 10515320 was registered on 12 Jun 2014.
Appointed
Champaben Devjibhai Makwana was appointed as Director.
Appointed
Sheebaben Makwana Yogeshbhai was appointed as Director.
Incorporation
01 Jan 2014
Vera Nets Private Limited was registered on 01 Jan 2014 with Roc Ahmedabad & aged 12 years 10 months as per MCA records.
Frequently asked questions
Vera Nets is an active private limited company based in Bhavnagar, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 01 January 2014 (12+ years old) and is registered under CIN U17213GJ2014PTC078105.
Vera Nets has 2 current directors:
- Champaben Devjibhai Makwana - Director
- Sheebaben Makwana Yogeshbhai - Director
The latest financial statements of Vera Nets on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vera Nets is 24AAECV6807F1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Vera Nets is U17213GJ2014PTC078105. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vera Nets was incorporated on 01 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Champaben Devjibhai Makwana was appointed as Director on 01 Jan 2014. Sheebaben Makwana Yogeshbhai was appointed as Director on 01 Jan 2014.
Yes, Vera Nets is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-05-0006361).
Vera Nets has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 51 overdue payments to 13 micro and small suppliers. The latest return was filed on 08 Jun 2019.
The registered office of Vera Nets is at 26 – Patani Plaza Complex Devu Baug Dairy Road, Bhavnagar, Gujarat, India – 364002.
Vera Nets operates in the manufacturing industry, in the plastic-based products segment.
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