Viraj Hi-Tech Weaving Private Limited
About Viraj Hi-Tech Weaving Private Limited
Data last updated:
Viraj Hi-Tech Weaving Private Limited is a private limited company based in Shirala, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 26 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17100PN2010PTC136162. Its GSTIN is 27AADCV9923F1Z2 (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.23 Cr. It is led by directors Chandrakant Krishnarao Bhosale and Aarti Vivek Naik.
Its last annual general meeting (AGM) was held on 01 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Apla Bazar A/P And Taluka Shirala, Maharashtra, India – 415408.
As per the financials filed for FY 2019, the company reported a revenue of ₹78.3 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹42.41 Lakh (net margin -54.2%) and EBITDA of -₹7.98 Lakh (EBITDA margin -10.2%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 185% over five years.
As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹2.88 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Viraj Hi-Tech Weaving Private Limited's registered office is in Shirala, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressApla Bazar A/P And Taluka Shirala, Maharashtra, India – 415408
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Viraj Hi-Tech Weaving 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 activity of Viraj Hi-Tech Weaving is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Viraj Hi-Tech Weaving Private Limited, buy the company report.
Financials of Viraj Hi-Tech Weaving Private Limited
FY 2019 filings availableViraj Hi-Tech Weaving Private Limited reported revenue of ₹78.3 Lakh (down 50% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 50% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 185%. EBITDA fell 123% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹78.3 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.98 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹42.41 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.2% | ||||
| Net Profit Margin | -54.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Viraj Hi-Tech Weaving Private Limited, buy the company report.
Board of directors of Viraj Hi-Tech Weaving Private Limited
Viraj Hi-Tech Weaving has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrakant Krishnarao Bhosale | Director | 11 Mar 2019 | 7 Years 7 Months | Current |
| Aarti Vivek Naik | Director | 04 Jul 2019 | 7 Years 3 Months | Current |
Auditor
Viraj Hi-Tech Weaving Private Limited is audited by C V DESHPANDE & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C V DESHPANDE & CO | FY 2019 | 121924W |
Shareholding
The shareholding of Viraj Hi-Tech Weaving Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Viraj Hi-Tech Weaving Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2020 | 100382520 | Others | ₹5 Cr | Open | |
| 04 Dec 2013 | 10468974 | Bank of Baroda | ₹2.88 Cr | Satisfied |
To see the full charge records of Viraj Hi-Tech Weaving Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Viraj Hi-Tech Weaving 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
No delayed payments to MSME suppliers are on our record for Viraj Hi-Tech Weaving Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Viraj Hi-Tech Weaving has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV9923F1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Viraj Hi-Tech Weaving Private Limited, buy the company report.
Recent activity
Viraj Hi-Tech Weaving Private Limited has 12 board changes on record since 2013: 2 appointments and 10 cessations. The latest: Vivek Raysing Naik ceased to be Director on 28 Aug 2019.
6 earlier events are in the company report.
Frequently asked questions
Viraj Hi-Tech Weaving is an active private limited company based in Shirala, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 26 April 2010 (16+ years old) and is registered under CIN U17100PN2010PTC136162.
Viraj Hi-Tech Weaving has 2 current directors:
- Chandrakant Krishnarao Bhosale - Director
- Aarti Vivek Naik - Director
The latest financial statements of Viraj Hi-Tech Weaving on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 01 August 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Viraj Hi-Tech Weaving is 27AADCV9923F1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Viraj Hi-Tech Weaving is U17100PN2010PTC136162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Viraj Hi-Tech Weaving was incorporated on 26 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Vivek Raysing Naik ceased to be Director on 28 Aug 2019. Aarti Vivek Naik ceased to be Additional Director on 01 Aug 2019. Chandrakant Krishnarao Bhosale ceased to be Additional Director on 01 Aug 2019. Viraj Hi-Tech Weaving has 12 board changes on record in total.
The registered office of Viraj Hi-Tech Weaving is at Apla Bazar AP And Taluka Shirala, Maharashtra, India – 415408.
Viraj Hi-Tech Weaving operates in the manufacturing industry, in the textile and fabric production segment.
Viraj Hi-Tech Weaving has open charges of ₹5 Cr and satisfied charges of ₹2.88 Cr as per latest MCA filings.
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