Vinod Cotton Corp Private Limited
About Vinod Cotton Corp Private Limited
Data last updated:
Vinod Cotton Corp Private Limited was a private limited company based in Delhi, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 14 February 2011.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U17121DL2011PTC214029. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.94 Cr. It was led by directors including Vinod Kumar Somani (Whole-Time Director) and Shyam Sunder Somani (Whole-Time Director).
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 was at 153 Iind Floor Katra Nawab Chandni Chowk, Delhi, India – 110006.
As per the financials filed for FY 2016, the company reported a revenue of ₹76.82 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹8.76 Lakh (net margin 0.1%) and EBITDA of ₹2 Cr (EBITDA margin 2.6%).
As per MCA filings, the company had open charges of ₹19.56 Cr and satisfied charges of ₹28.83 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.
Company details
Contact details
Vinod Cotton Corp Private Limited's registered office is in Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address153 Iind Floor Katra Nawab Chandni Chowk, Delhi, India – 110006
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Vinod Cotton Corp 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
Financials of Vinod Cotton Corp Private Limited
FY 2016 filings availableVinod Cotton Corp Private Limited reported revenue of ₹76.82 Cr (down 37% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 37% in the latest year. EBITDA fell 34% 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 | ₹76.82 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹2 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹8.76 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.6% | |
| Net Profit Margin | 0.1% | |
| 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 Vinod Cotton Corp Private Limited, buy the company report.
Board of directors of Vinod Cotton Corp Private Limited
Vinod Cotton Corp has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Kumar Somani | Whole-Time Director | 14 Feb 2011 | 15 Years 8 Months | As last reported |
| Shyam Sunder Somani Also directs: Indian Cotton Association Limited | Whole-Time Director | 14 Feb 2011 | 15 Years 8 Months | As last reported |
| Vikas Somani | Whole-Time Director | 14 Feb 2011 | 15 Years 8 Months | As last reported |
Auditor
Vinod Cotton Corp Private Limited is audited by SAMARATH M SURANA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMARATH M SURANA & CO | FY 2016 | 010295N |
Shareholding
The shareholding of Vinod Cotton Corp Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Vinod Cotton Corp Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2016 | 100038620 | Others | ₹19.4 Cr | Open | |
| 27 Oct 2014 | 10575815 | State Bank of Patiala | ₹16 Lakh | Open | |
| 26 Aug 2015 | 10600063 | Kotak Mahindra Bank Limited | ₹17 Cr | Satisfied | |
| 26 Mar 2014 | 10501667 | State Bank of Bikaner and Jaipur | ₹8 Cr | Satisfied | |
| 11 Jun 2012 | 10363314 | Jammu and Kashmir Bank Limited | ₹3.83 Cr | Satisfied |
To see the full charge records of Vinod Cotton Corp Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Vinod Cotton Corp Private Limited has 4 court cases on record: 1 filed by Vinod Cotton Corp, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bathinda, Punjab | Appeal | Filed against the company by Big Bang Mercantile Private Ltd and 1 other | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by Jammu and Kashmir Bank Ltd. | Disposed |
| District court, Chandigarh | Court case (CS CJ) | Filed against the company by Ms Cheema Spintex Ltd | Disposed |
| District court, Central, Delhi | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Vinod Cotton Corp 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 Vinod Cotton Corp Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vinod Cotton Corp 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 Vinod Cotton Corp Private Limited, buy the company report.
Recent activity
Vinod Cotton Corp Private Limited has 12 board changes on record since 2011: 3 appointments and 9 cessations. The latest: Pooja Somani ceased to be Whole-Time Director on 30 Jan 2016.
11 earlier events are in the company report.
Frequently asked questions
Vinod Cotton Corp has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Vinod Cotton Corp was a private limited company based in Delhi, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 14 February 2011 and is registered under CIN U17121DL2011PTC214029. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Vinod Cotton Corp was incorporated on 14 February 2011. It is registered with the Registrar of Companies, Delhi.
Vinod Cotton Corp had 3 directors:
- Vinod Kumar Somani - Whole-Time Director
- Shyam Sunder Somani - Whole-Time Director
- Vikas Somani - Whole-Time Director
The CIN (Corporate Identification Number) of Vinod Cotton Corp is U17121DL2011PTC214029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vinod Cotton Corp is at 153 Iind Floor Katra Nawab Chandni Chowk, Delhi, India – 110006.
The latest financial statements of Vinod Cotton Corp 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. Vinod Cotton Corp has 3 GST registrations on record and all of them are cancelled or inactive.
Vinod Cotton Corp operated in the home and lifestyle industry, in the textile retail and distribution segment.
Vinod Cotton Corp has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the district courts.
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