About VN Creative Chemicals Private Limited
Data last updated:
VN Creative Chemicals Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Keva Fragrances Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the aromatics and benzene derivatives segment of the chemicals and materials sector. It was incorporated on 14 March 2017.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24290MH2017PTC292382. Its GSTIN is 27AAFCV8166J1ZQ (Maharashtra).
The company had an authorised share capital of ₹3 Lakh and a paid-up capital of ₹1.15 Lakh. It was led by directors including Ramesh Vinayak Vaze and Prabha Ramesh Vaze.
Its last annual general meeting (AGM) was held on 09 August 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Devkaran Mansion 36 Mangaldas Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2022, the company reported a revenue of ₹93.31 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹11.57 Cr (net margin -12.4%) and EBITDA of -₹6.94 Cr (EBITDA margin -7.4%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years.
The company had about 74 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹50 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2019. Its 5 peer companies in the Chemicals industry (Aromatics), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 2 smaller; the largest is Veer Chemie and Aromatics Pvt Ltd with revenue of ₹97.47 Cr. The company has 5 MSME Form 1 returns on record between 2020 and 2022, listing 44 overdue payments to 14 micro and small suppliers.
The last known website on record is keva.co.in.
Company details
Contact details
VN Creative Chemicals Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressDevkaran Mansion 36 Mangaldas Road, Mumbai, Maharashtra, India – 400002
- IndustryChemicals and Materials, Aromatics & Benzene Derivatives
To see the full contact details of VN Creative Chemicals 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 VN Creative Chemicals is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| 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 |
To see the full business activity and turnover split of VN Creative Chemicals Private Limited, buy the company report.
Financials of VN Creative Chemicals Private Limited
FY 2022 filings availableVN Creative Chemicals Private Limited reported revenue of ₹93.31 Cr (down 7% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 55%. EBITDA fell 187% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹93.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.57 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.4% | ||||
| Net Profit Margin | -12.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current 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 VN Creative Chemicals Private Limited, buy the company report.
Board of directors of VN Creative Chemicals Private Limited
VN Creative Chemicals has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Vinayak Vaze | Director | 29 Sep 2017 | 9 Years 1 Months | As last reported |
| Prabha Ramesh Vaze Also directs: S H Kelkar and Company Limited, Keva Biotech Private Limited, Keva Flavours Private Limited and 5 more | Director | 29 Sep 2017 | 9 Years 1 Months | As last reported |
| Kedar Ramesh Vaze | Director | 29 Sep 2017 | 9 Years 1 Months | As last reported |
Peer comparison
VN Creative Chemicals Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Aromatics), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Veer Chemie and Aromatics Pvt Ltd | ₹97.47 Cr (FY 2024) | 11.0% | Telangana, India | |||
| Samde Aromatic Private Limited | ₹95.35 Cr (FY 2025) | 11.0% | Bhiwadi, Rajasthan, India | |||
| Organica Aromatics Private Limited | ₹93.85 Cr (FY 2025) | 1.0% | Bangalore, Karnataka, India | |||
| VN Creative Chemicals Private Limitedthis company | ₹93.31 Cr (FY 2022) | -₹11.57 Cr | -12.4% | -7.0% | 74 | Mumbai, Maharashtra, India |
| Bioingredia Natural Private Limited | ₹89.07 Cr (FY 2025) | 33.0% | Kochi, Kerala, India | |||
| Gogia Chemical Industries Private Limited | ₹87.72 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of VN Creative Chemicals Private Limited, buy the company report.
Auditor
VN Creative Chemicals Private Limited is audited by BATLIBOI & PUROHIT for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BATLIBOI & PUROHIT | FY 2022 | 101048W |
Shareholding
The shareholding of VN Creative Chemicals Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of VN Creative Chemicals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2018 | 100202494 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Satisfied |
To see the full charge records of VN Creative Chemicals Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
VN Creative Chemicals Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Rights issue | ₹10 Cr | Investors: Keva Fragrances Private Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Keva Fragrances Private Limited, Keva Fragrances Private Limited & Ramesh Vinayak Vaze Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
VN Creative Chemicals Private Limited has 2 court cases on record: 2 filed by VN Creative Chemicals. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of VN Creative Chemicals 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
VN Creative Chemicals Private Limited has 5 MSME Form 1 returns on record between 2020 and 2022, listing 44 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Nisha Chemicals | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of VN Creative Chemicals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VN Creative Chemicals Private Limited has a workforce of 74 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
VN Creative Chemicals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV8166J1ZQ | Maharashtra | Active | 29 Sep 2017 |
To see the full GST registrations and return filing status of VN Creative Chemicals Private Limited, buy the company report.
Recent activity
VN Creative Chemicals Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Kedar Ramesh Vaze ceased to be Additional Director on 08 Aug 2018.
1 earlier event is in the company report.
Frequently asked questions
VN Creative Chemicals has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
VN Creative Chemicals was a private limited company based in Mumbai, Maharashtra, India. The company worked in aromatics and benzene derivatives, within the chemicals and materials industry. It was incorporated on 14 March 2017 and is registered under CIN U24290MH2017PTC292382. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
VN Creative Chemicals was incorporated on 14 March 2017. It is registered with the Registrar of Companies, Mumbai.
VN Creative Chemicals had 3 directors:
- Ramesh Vinayak Vaze - Director
- Prabha Ramesh Vaze - Director
- Kedar Ramesh Vaze - Director
The CIN (Corporate Identification Number) of VN Creative Chemicals is U24290MH2017PTC292382. 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 VN Creative Chemicals is at Devkaran Mansion 36 Mangaldas Road, Mumbai, Maharashtra, India – 400002.
VN Creative Chemicals can be reached through the website keva.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of VN Creative Chemicals on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 09 August 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of VN Creative Chemicals is 27AAFCV8166J1ZQ, registered in Maharashtra.
VN Creative Chemicals operated in the chemicals and materials industry, in the aromatics and benzene derivatives segment.
VN Creative Chemicals has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2019.
The peers of VN Creative Chemicals by revenue are Veer Chemie and Aromatics Pvt Ltd, Samde Aromatic Private Limited, Organica Aromatics Private Limited, Bioingredia Natural Private Limited, Gogia Chemical Industries Private Limited, all in the Chemicals industry (Aromatics), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).