About Vivid IT Solutions Private Limited
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Vivid IT Solutions Private Limited is a private limited company based in 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 IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 20 January 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2010PTC198192. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹65 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors Ravi Jain and Lavita Jain.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Sfs Flats Bf 130 East Shalimar Bagh, Delhi, India – 110088.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.39 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹88.65 Lakh (net margin -20.2%) and EBITDA of -₹81.2 Lakh (EBITDA margin -18.5%).
As per MCA filings, the company has open charges of ₹2.4 Cr on record. Court records list 32 cases involving the company, including 7 filed by the company and 25 filed against it; 1 case is pending.
The last known website on record is vividit.in.
Company details
Contact details
Vivid IT Solutions Private Limited's registered office is in Delhi, Delhi. Its website is vividit.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressSfs Flats Bf 130 East Shalimar Bagh, Delhi, India – 110088
- IndustryInformation Technology, IT Infrastructure Management & Services
To see the full contact details of Vivid IT Solutions 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 Vivid IT Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Vivid IT Solutions Private Limited, buy the company report.
Financials of Vivid IT Solutions Private Limited
FY 2018 filings availableVivid IT Solutions Private Limited reported revenue of ₹4.39 Cr (up 10% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year. EBITDA fell 269% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹4.39 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹81.2 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹88.65 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -18.5% | |||
| Net Profit Margin | -20.2% | |||
| 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 Vivid IT Solutions Private Limited, buy the company report.
Board of directors of Vivid IT Solutions Private Limited
Vivid IT Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Jain Also directs: Vastly IT Solutions Private Limited, Vivid Sportz Private Limited | Director | 20 Jan 2010 | 16 Years 9 Months | As last reported |
| Lavita Jain Also directs: Vastly IT Solutions Private Limited | Director | 20 Jan 2010 | 16 Years 9 Months | As last reported |
Auditor
Vivid IT Solutions Private Limited is audited by AHUJA ARORA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AHUJA ARORA & ASSOCIATES | FY 2018 | 000627N |
Shareholding
The shareholding of Vivid IT Solutions Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vivid IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2012 | 10396625 | Indian Overseas Bank | ₹2.4 Cr | Open |
To see the full charge records of Vivid IT Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Vivid IT Solutions Private Limited has 32 court cases on record: 7 filed by Vivid IT Solutions, 25 filed against it. 1 case is pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 24 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Computer Infotech India Pvt Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by Pro Sportify Pvt Ltd | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by M/S U.C. Infosystems Private Ltd. | Disposed |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by U.C Infosystems Pvt Ltd | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Ms U C Infosystems Private Limited | Disposed |
To see the full case history of Vivid IT Solutions 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 Vivid IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vivid IT Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vivid IT Solutions Private Limited, buy the company report.
Recent activity
Vivid IT Solutions Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Anjali Gaur Vashisht ceased to be Director on 29 Mar 2017.
Frequently asked questions
Vivid IT Solutions 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.
Vivid IT Solutions is a company under liquidation, formerly operating as a private limited company based in Delhi, India. The company works in IT infrastructure management and services, within the information technology industry. It was incorporated on 20 January 2010 and is registered under CIN U72900DL2010PTC198192. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vivid IT Solutions has 2 current directors:
- Ravi Jain - Director
- Lavita Jain - Director
The latest financial statements of Vivid IT Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vivid IT Solutions is U72900DL2010PTC198192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vivid IT Solutions has open charges of ₹2.4 Cr and no satisfied charges on record as per latest MCA filings.
Vivid IT Solutions has 32 court cases on record: 7 filed by the company and 25 filed against it. 1 is pending. Most are in the district courts.
Vivid IT Solutions was incorporated on 20 January 2010. It is registered with the Registrar of Companies, Delhi.
Anjali Gaur Vashisht ceased to be Director on 29 Mar 2017. Lavita Jain was appointed as Director on 20 Jan 2010. Ravi Jain was appointed as Director on 20 Jan 2010.
Vivid IT Solutions can be reached through the website vividit.in. Its registered office is in Delhi, India.