About Vimal Business Services Private Limited
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Vimal Business Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 27 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74900GJ2007PTC050683. Its GSTIN is 24AAKCS8327F1Z8 (Gujarat).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.5 Cr. It was formerly known as Sayona Colors Private Limited and Sencient India Export Private Limited. It is led by directors Pareshkumar Dayaljibhai Patel and Harsh Pareshkumar Patel.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Plot No. 162 – 163/1 Phase 1 GIDC Naroda, Ahmedabad, Gujarat, India – 382330.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.36 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹4.53 Cr (net margin -71.3%) and EBITDA of -₹3.99 Cr (EBITDA margin -62.8%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years.
The company is associated with 1 brand: Sayona Group. As per MCA filings, the company has open charges of ₹135 Cr and satisfied charges of ₹4.5 Cr on record. Court records list 11 cases involving the company, including 5 filed by the company and 6 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website sayonagroup.com.
Company details
Name history
Vimal Business Services has undergone 2 name changes throughout its history. The company was previously known as Sayona Colors Private Limited, and Sencient India Export Private Limited. The current legal name is Vimal Business Services Private Limited.
| Company Name | Status |
|---|---|
| Vimal Business Services Private Limited | Current |
| Sayona Colors Private Limited | Previous |
| Sencient India Export Private Limited | Previous |
Contact details
Vimal Business Services Private Limited's registered office is in Ahmedabad, Gujarat. Its website is sayonagroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 162 – 163/1 Phase 1 GIDC Naroda, Ahmedabad, Gujarat, India – 382330
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Vimal Business Services 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
Brands
Vimal Business Services operates one associated brand: Sayona Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified firm offering recycling, software development, real estate, and chemical trading services. | sayonagroup.com |
Business activity
The main business activity of Vimal Business Services 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 Vimal Business Services Private Limited, buy the company report.
Financials of Vimal Business Services Private Limited
FY 2017 filings availableVimal Business Services Private Limited reported revenue of ₹6.36 Cr (down 54% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 78% over three years, including a 54% fall in the latest year. EBITDA rose 40% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹6.36 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹3.99 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹4.53 Cr | ||
| 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 | -62.8% | ||
| Net Profit Margin | -71.3% | ||
| 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 Vimal Business Services Private Limited, buy the company report.
Board of directors of Vimal Business Services Private Limited
Vimal Business Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pareshkumar Dayaljibhai Patel | Director | 04 May 2007 | 19 Years 6 Months | Current |
| Harsh Pareshkumar Patel Also directs: Top Detergent Industries Private Limited, Sayona Colors Unit No. 1 Association, Sayona Industries Limited and 1 more | Director | 07 Jun 2018 | 8 Years 5 Months | Current |
Peer comparison
Vimal Business Services Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), 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 |
|---|---|---|---|---|---|---|
| Pratham Printchem Private Limited | ₹6.46 Cr (FY 2025) | 4.0% | Vadodara, Gujarat, India | |||
| Sudha Polychem Private Limited | ₹6.37 Cr (FY 2025) | 1.0% | Rajkot, Gujarat, India | |||
| Vimal Business Services Private Limitedthis company | ₹6.36 Cr (FY 2017) | -₹4.53 Cr | -71.3% | -54.0% | Ahmedabad, Gujarat, India | |
| Golchha Oxides Private Limited | ₹6.36 Cr (FY 2024) | 0.0% | Bilashpur, Chhattisgarh, India | |||
| Shree Vinayak Dyechem Private Limited | ₹6.29 Cr (FY 2025) | -34.0% | Bhilwara, Rajasthan, India | |||
| Prem Dyechem Industries Private Limited | ₹6.28 Cr (FY 2024) | -40.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vimal Business Services Private Limited, buy the company report.
Auditor
Vimal Business Services Private Limited is audited by J S PANDIT & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J S PANDIT & ASSOCIATES | FY 2017 | 123146W |
Shareholding
The shareholding of Vimal Business Services Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vimal Business Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2012 | 10375261 | State Bank of Patiala | ₹85 Cr | Open | |
| 25 Jun 2009 | 10162728 | State Bank of Patiala | ₹50 Cr | Open | |
| 21 Oct 2007 | 10074796 | Canara Bank | ₹4.5 Cr | Satisfied |
To see the full charge records of Vimal Business Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Vimal Business Services Private Limited has 11 court cases on record: 5 filed by Vimal Business Services, 6 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 5 | 2 | 2 |
| High courts | 4 | 2 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against United India Insurance Co. Ltd. | Pending |
| Supreme Court | Interim or miscellaneous application | Filed against the company by United India Insurance Co.Ltd. | Disposed |
| Supreme Court | Appeal | Filed against the company by United India Insurance Co.Ltd. | Disposed |
| Supreme Court | Appeal | Filed by the company against United India Insurance Company Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Mangalam Global Enterprises Ltd Through Its Authorised Signatory Puneet Shukla | Pending |
To see the full case history of Vimal Business Services 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.
Credit ratings & regulatory alerts
Vimal Business Services Private Limited was last rated by Crisil on 14 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 May 2020 |
To see the full credit ratings and regulatory alerts of Vimal Business Services Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vimal Business Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vimal Business Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCS8327F1Z8 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vimal Business Services Private Limited, buy the company report.
Recent activity
Vimal Business Services Private Limited has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Brijesh Jayantibhai Patel ceased to be Director on 07 Jun 2018.
2 earlier events are in the company report.
Frequently asked questions
Vimal Business Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 27 April 2007 (19+ years old) and is registered under CIN U74900GJ2007PTC050683.
Vimal Business Services has 2 current directors:
- Pareshkumar Dayaljibhai Patel - Director
- Harsh Pareshkumar Patel - Director
The latest financial statements of Vimal Business Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Vimal Business Services is 24AAKCS8327F1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Vimal Business Services is U74900GJ2007PTC050683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vimal Business Services has 11 court cases on record: 5 filed by the company and 6 filed against it. 3 are pending. Most are in the supreme court.
Vimal Business Services was incorporated on 27 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vimal Business Services by revenue are Pratham Printchem Private Limited, Sudha Polychem Private Limited, Golchha Oxides Private Limited, Shree Vinayak Dyechem Private Limited, Prem Dyechem Industries Private Limited, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Brijesh Jayantibhai Patel ceased to be Director on 07 Jun 2018. Harsh Pareshkumar Patel was appointed as Director on 07 Jun 2018. Deepak Pareek ceased to be Director on 26 Mar 2015. Vimal Business Services has 5 board changes on record in total.
Vimal Business Services can be reached through the website sayonagroup.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Vimal Business Services is at Plot No. 162 – 1631 Phase 1 GIDC Naroda, Ahmedabad, Gujarat, India – 382330.
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