VMG Sales Private Limited
About VMG Sales Private Limited
Data last updated:
VMG Sales Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 31 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2008PTC045845. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹42 Lakh. It is led by directors Mukund Vibhakar Jathar and Vaman Vibhakar Jathar.
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 Behind New Bus Stand 149/B Vasavi Nagar, Hubli, Karnataka, India – 580024.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.12 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹9.25 Lakh (net margin -4.4%) and EBITDA of ₹3.15 Lakh (EBITDA margin 1.5%).
As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹1.75 Cr on record. Court records list 10 cases involving the company, including 9 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
VMG Sales Private Limited's registered office is in Hubli, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBehind New Bus Stand 149/B Vasavi Nagar, Hubli, Karnataka, India – 580024
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of VMG Sales 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 VMG Sales is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of VMG Sales Private Limited, buy the company report.
Financials of VMG Sales Private Limited
FY 2017 filings availableVMG Sales Private Limited reported revenue of ₹2.12 Cr (down 41% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 41% in the latest year. EBITDA fell 85% in the latest 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 | ₹2.12 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.15 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹9.25 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.5% | ||
| Net Profit Margin | -4.4% | ||
| 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 VMG Sales Private Limited, buy the company report.
Board of directors of VMG Sales Private Limited
VMG Sales 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 |
|---|---|---|---|---|
| Mukund Vibhakar Jathar | Director | 31 Mar 2008 | 18 Years 6 Months | Current |
| Vaman Vibhakar Jathar | Director | 30 Jun 2008 | 18 Years 3 Months | Current |
Peer comparison
VMG Sales Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KRS Office & Industrial Automation Private Limited | ₹2.12 Cr (FY 2019) | 30.0% | Nagpur, Maharashtra, India | |||
| Raoti Mahila Farmer Producer Company Limited | ₹2.12 Cr (FY 2024) | 14.0% | Ratlam, Madhya Pradesh, India | |||
| Humanize Pharmaceuticals Private Limited | ₹2.12 Cr (FY 2025) | 11.0% | Pimpri, Maharashtra, India | |||
| Zeba Home Private Limited | ₹2.12 Cr (FY 2019) | 1.0% | Mumbai, Maharashtra, India | |||
| Sri Lakshmi Srinivasa Textiles Fabrics Private Limited | ₹2.12 Cr (FY 2021) | -6.0% | Tirupati, Andhra Pradesh, India | |||
| VMG Sales Private Limitedthis company | ₹2.12 Cr (FY 2017) | -₹9.25 Lakh | -4.4% | -41.0% | Hubli, Karnataka, India | |
| Curasia Medilabs Private Limited | ₹2.12 Cr (FY 2025) | 27.0% | Shahbad Markanda, Haryana, India | |||
| Ash Healthcare Private Limited | ₹2.12 Cr (FY 2025) | 86.0% | New Delhi, Delhi, India | |||
| Garnet Powertech Private Limted | ₹2.12 Cr (FY 2025) | 4.0% | Delhi, India | |||
| Alna Trading and Exports Limited | ₹2.12 Cr (FY 2025) | 123.0% | Mumbai, Maharashtra, India | |||
| Nympheas Solutions Private Limited | ₹2.12 Cr (FY 2018) | 31.0% | New Delhi, Delhi, India |
To see the full peer comparison of VMG Sales Private Limited, buy the company report.
Auditor
VMG Sales Private Limited is audited by NADGIR & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NADGIR & CO. | FY 2017 | 005964S |
Shareholding
The shareholding of VMG Sales Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of VMG Sales Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2013 | 10452911 | Bank of Maharashtra | ₹50 Lakh | Open | |
| 18 Jan 2011 | 10267737 | Bank of Maharashtra | ₹1 Cr | Open | |
| 02 Feb 2009 | 10143221 | Axis Bank Limited | ₹95 Lakh | Satisfied | |
| 07 Nov 2008 | 10131293 | Axis Bank Limited | ₹80 Lakh | Satisfied |
To see the full charge records of VMG Sales Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
VMG Sales Private Limited has 10 court cases on record: 9 filed by VMG Sales, 1 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 1 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against M/S Funtrin Nutrition Pvt Ltd R/By Its Managing Director Ashok Jain and 3 others | Disposed |
| District court, MYSURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Bank of Maharashtra | Disposed |
| District court, Jalgaon, Maharashtra | Civil suit | Filed by the company against Ms Funtrin Nutrition Pvt Ltd and 3 and 3 others | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of VMG Sales 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 VMG Sales Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VMG Sales 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 VMG Sales Private Limited, buy the company report.
Recent activity
VMG Sales Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Govind Vibhakar Jathar ceased to be Director on 31 Aug 2010.
2 earlier events are in the company report.
Frequently asked questions
VMG Sales is an active private limited company based in Hubli, Karnataka, India. The company works in other wholesale, within the trading industry. It was incorporated on 31 March 2008 (18+ years old) and is registered under CIN U74900KA2008PTC045845.
VMG Sales has 2 current directors:
- Mukund Vibhakar Jathar - Director
- Vaman Vibhakar Jathar - Director
The latest financial statements of VMG Sales 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.
No. VMG Sales has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of VMG Sales is U74900KA2008PTC045845. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VMG Sales has 10 court cases on record: 9 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
VMG Sales was incorporated on 31 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of VMG Sales by revenue are KRS Office & Industrial Automation Private Limited, Raoti Mahila Farmer Producer Company Limited, Humanize Pharmaceuticals Private Limited, Zeba Home Private Limited, Sri Lakshmi Srinivasa Textiles Fabrics Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Govind Vibhakar Jathar ceased to be Director on 31 Aug 2010. Vaman Vibhakar Jathar ceased to be Additional Director on 29 Sep 2009. Vaman Vibhakar Jathar was appointed as Director on 30 Jun 2008. VMG Sales has 4 board changes on record in total.
The registered office of VMG Sales is at Behind New Bus Stand 149B Vasavi Nagar, Hubli, Karnataka, India – 580024.
VMG Sales operates in the trading industry, in the other wholesale segment.