Vineet Oils Pvt. Ltd.
About Vineet Oils Pvt. Ltd.
Data last updated:
Vineet Oils Pvt. Ltd. is a private limited company based in Kolkata, West Bengal, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 13 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U23201WB1993PTC058546. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.99 Cr. It is led by directors Aditya Agarwal Vikram and Shreya Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 222 Ajc Bose Road Flat No 3E 3rd Floor, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2016, the company reported a revenue of ₹160.49 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹2.07 Cr (net margin 1.3%) and EBITDA of ₹7.04 Cr (EBITDA margin 4.4%).
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹52.7 Cr and satisfied charges of ₹5.08 Cr on record. Court records list 20 cases involving the company, including 8 filed by the company and 12 filed against it; 6 cases are pending. The company has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹2.63 Cr; the latest was in March 2016.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Vineet Oils has one previous CIN (Corporate Identification Number): U99999WB1993PTC058546. The current CIN is U23201WB1993PTC058546, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23201WB1993PTC058546 | Current |
| U99999WB1993PTC058546 | Previous |
Contact details
Vineet Oils Pvt. Ltd.'s registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Social Media
- Registered Address222 Ajc Bose Road Flat No 3E 3rd Floor, Kolkata, West Bengal, India – 700017
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Vineet Oils Pvt. Ltd., 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 Vineet Oils is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and metal and metal products. 2 activity segments are registered with the MCA.
| 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 | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Vineet Oils Pvt. Ltd., buy the company report.
Financials of Vineet Oils Pvt. Ltd.
FY 2016 filings availableVineet Oils Pvt. Ltd. reported revenue of ₹160.49 Cr (up 43% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 43% in the latest year. EBITDA rose 121% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹160.49 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹7.04 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.07 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.4% | |
| Net Profit Margin | 1.3% | |
| 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 Vineet Oils Pvt. Ltd., buy the company report.
Board of directors of Vineet Oils Pvt. Ltd.
Vineet Oils has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Agarwal Vikram | Director | 03 Oct 1997 | 29 Years 0 Months | Current |
| Shreya Agarwal | Director | 24 Jan 2015 | 11 Years 9 Months | Current |
Auditor
Vineet Oils Pvt. Ltd. is audited by SURANA NAVEEN VIKASH & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURANA NAVEEN VIKASH & CO | FY 2016 | 323231E |
Shareholding
The shareholding of Vineet Oils Pvt. Ltd. is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vineet Oils Pvt. Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2017 | 100100901 | Others | ₹10 Cr | Open | |
| 26 May 2016 | 100031067 | Others | ₹2.7 Cr | Open | |
| 17 Dec 2015 | 10613028 | Others | ₹15 Cr | Open | |
| 20 Nov 2014 | 10537551 | The Ratnakar Bank Limited | ₹5 Cr | Open | |
| 27 Apr 2012 | 10356358 | Standard Chartered Bank | ₹20 Cr | Open |
To see the full charge records of Vineet Oils Pvt. Ltd., buy the company report.
Total charge records: 7 View all charges
Deals & funding
Vineet Oils Pvt. Ltd. has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹2.63 Cr; the latest was in March 2016.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: VOC International Seller: an individual |
| Mar 2014 | Funding round | ₹1 Cr | Investors: C P Agarwal HUF, Basukinath Commosales Private Limited , Rosewood Mercantile Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: VOC International, an individual Seller: Ziwani Barter Pvt Ltd , Punya Leather Pvt Ltd , Mubarak Lubricant Pvt Ltd |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Mubarak Lubricant Pvt Ltd , Sthir Lakshmi Mercantile Private Limited Seller: Ziwani Barter Pvt Ltd , Punya Leather Pvt Ltd |
| Mar 2009 | Funding round | ₹20 Lakh | Investors: Ziwani Barter Pvt Ltd , Punya Leather Pvt Ltd |
To see the full deal history of Vineet Oils Pvt. Ltd., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vineet Oils Pvt. Ltd. has 20 court cases on record: 8 filed by Vineet Oils, 12 filed against it. 6 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 10 | 5 |
| High courts | 7 | 2 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Civil suit | Filed against the company by Jatashiv Overseas Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by HDFC Bank Limited | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by M/S. Magma Fincorp Limited | Pending |
| District court, South Twenty Four Parganas, West Bengal | Arbitration matter | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
To see the full case history of Vineet Oils Pvt. Ltd., 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 Vineet Oils Pvt. Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vineet Oils has 3 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 Vineet Oils Pvt. Ltd., buy the company report.
Recent activity
Vineet Oils Pvt. Ltd. has 4 board changes on record since 1997: 2 appointments and 2 cessations. The latest: Chanda Devi Agarwal ceased to be Director on 07 Mar 2015.
8 earlier events are in the company report.
Frequently asked questions
Vineet Oils is an active private limited company based in Kolkata, West Bengal, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 13 April 1993 (33+ years old) and is registered under CIN U23201WB1993PTC058546.
Vineet Oils has 2 current directors:
- Aditya Agarwal Vikram - Director
- Shreya Agarwal - Director
The latest financial statements of Vineet Oils on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Vineet Oils has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Vineet Oils is U23201WB1993PTC058546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vineet Oils has 20 court cases on record: 8 filed by the company and 12 filed against it. 6 are pending. Most are in the district courts.
Vineet Oils was incorporated on 13 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Kolkata.
Vineet Oils has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹2.63 Cr; the latest was in March 2016.
Chanda Devi Agarwal ceased to be Director on 07 Mar 2015. Shreya Agarwal was appointed as Director on 24 Jan 2015. Chandra Prakash Agarwal ceased to be Director on 03 Feb 2014. Vineet Oils has 4 board changes on record in total.
The registered office of Vineet Oils is at 222 Ajc Bose Road Flat No 3E 3rd Floor, Kolkata, West Bengal, India – 700017.