About Vga Developers Private Limited
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Vga Developers Private Limited is a private limited company based in New Delhi, Delhi, 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 real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 January 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2010PTC197841. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24.5 Cr. It was formerly known as Sai Baba Metchem (India) Private Limited. It is led by directors including Krishan Kumar Gupta and Pramod Goel.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Office No. 518 7th Floor Pearl Omaxe Tower – II Netaji Subhash Place Pitampura, New Delhi, Delhi, India – 110034.
As per the financials filed for FY 2017, the company reported a revenue of ₹8.44 Lakh, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹88.07 Lakh and EBITDA of -₹65.44 Lakh.
As per MCA filings, the company has open charges of ₹71.34 Cr and satisfied charges of ₹92.94 Lakh on record. Court records list 12 cases involving the company, including 12 filed against it; 5 cases are pending.
The last known website on record is victoryinfra.com.
Company details
CIN history
Vga Developers has one previous CIN (Corporate Identification Number): U27209DL2010PTC197841. The current CIN is U45400DL2010PTC197841, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400DL2010PTC197841 | Current |
| U27209DL2010PTC197841 | Previous |
Contact details
Vga Developers Private Limited's registered office is in New Delhi, Delhi. Its website is victoryinfra.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No. 518 7th Floor Pearl Omaxe Tower – II Netaji Subhash Place Pitampura, New Delhi, Delhi, India – 110034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vga Developers 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 activities of Vga Developers are real estate and construction. In detail, this covers real estate activities with own or leased property and buildings. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Vga Developers Private Limited, buy the company report.
Financials of Vga Developers Private Limited
FY 2017 filings availableVga Developers Private Limited reported revenue of ₹8.44 Lakh (up 16% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year. EBITDA rose 42% 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 | ₹8.44 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹65.44 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹88.07 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| 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 | |||
To see the full financial statements and ratios of Vga Developers Private Limited, buy the company report.
Board of directors of Vga Developers Private Limited
Vga Developers has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishan Kumar Gupta Also directs: Nanda Parbat Finlease Limited | Director | 02 Jun 2014 | 12 Years 4 Months | As last reported |
| Pramod Goel Also directs: Victory Infraprojects Private Limited, Victory Portfolio Limited | Director | 01 Nov 2013 | 12 Years 11 Months | As last reported |
| Ashish Goel | Director | 01 Nov 2013 | 12 Years 11 Months | As last reported |
Auditor
Vga Developers Private Limited is audited by SUMAN C GUPTA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUMAN C GUPTA & ASSOCIATES | FY 2017 | 006974N |
Shareholding
The shareholding of Vga Developers 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 Vga Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2016 | 100072495 | Others | ₹44.15 Lakh | Open | |
| 16 Jul 2015 | 10588557 | Lic Housing Finance Ltd | ₹70 Cr | Open | |
| 19 Jun 2015 | 10577734 | Srei Equipment Finance Limited | ₹90.32 Lakh | Open | |
| 31 Aug 2014 | 10554920 | Srei Equipment Finance Limited | ₹46.47 Lakh | Satisfied | |
| 30 Jul 2014 | 10554919 | Srei Equipment Finance Limited | ₹46.47 Lakh | Satisfied |
To see the full charge records of Vga Developers Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Vga Developers Private Limited has 12 court cases on record: 12 filed against it. 5 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 9 | 9 | 4 |
| District courts | 2 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Lic Housing Finance Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Lic Housing Finance Limited | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by Ultratech Cement Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Bluefire Infotax Consultancy Pvt. Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bluefire Infotax Consultancy Pvt. Ltd | Disposed |
To see the full case history of Vga Developers 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 Vga Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vga Developers has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vga Developers Private Limited, buy the company report.
Recent activity
Vga Developers Private Limited has 20 board changes on record since 2010: 3 appointments and 17 cessations. The latest: Krishan Kumar Gupta ceased to be Director on 01 Sep 2019.
18 earlier events are in the company report.
Frequently asked questions
Vga Developers 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.
Vga Developers is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 January 2010 and is registered under CIN U45400DL2010PTC197841. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vga Developers has 3 current directors:
- Krishan Kumar Gupta - Director
- Pramod Goel - Director
- Ashish Goel - Director
The latest financial statements of Vga Developers on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vga Developers is U45400DL2010PTC197841. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vga Developers has open charges of ₹71.34 Cr and satisfied charges of ₹92.94 Lakh as per latest MCA filings.
Vga Developers has 12 court cases on record: 12 filed against it. 5 are pending. Most are in the nclat.
Vga Developers was incorporated on 11 January 2010. It is registered with the Registrar of Companies, Delhi.
Krishan Kumar Gupta ceased to be Director on 01 Sep 2019. Krishan Chand Bansal ceased to be Director on 30 Jun 2018. Raunak Singh ceased to be Company Secretary on 01 Apr 2018. Vga Developers has 20 board changes on record in total.
Vga Developers can be reached through the website victoryinfra.com. Its registered office is in New Delhi, Delhi, India.