About Volant Textile Mills Limited
Data last updated:
Volant Textile Mills Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L17120MH1994PLC079534. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹7.5 Cr. It is led by directors including Ramadoss Srinivasan and Ravindra Jairam Lade.
Its last annual general meeting (AGM) was held on 29 September 2012, and its latest financial statements are for the year ended 31 March 2012. The registered office is at A – 55 4th Floor Royal Industrial Estate Naigaon Cross Road Wadala, Mumbai, Maharashtra, India – 400031.
The company is associated with 1 brand: Volant Textile Mills. As per MCA filings, the company has open charges of ₹53.06 Cr and satisfied charges of ₹14.88 Cr on record. Court records list 39 cases involving the company, including 15 filed by the company and 24 filed against it; 7 cases are pending. The company has 21 deals on record (21 market trades); the latest was in December 2012.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website volant-textile.com.
Company details
Contact details
Volant Textile Mills Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressA – 55 4th Floor Royal Industrial Estate Naigaon Cross Road Wadala, Mumbai, Maharashtra, India – 400031
- IndustryManufacturing, Textile & Fabric Production
- 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
Brands
Volant Textile Mills operates one associated brand: Volant Textile Mills. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Textile manufacturing is conducted in Mumbai by Volant Textile Mills. | volant-textile.com |
Financials of Volant Textile Mills Limited
FY 2012 filings availableFinancial Statement Summary
| Metrics | FY 2011-12 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | |
| 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 2011-12 |
|---|---|
| Profitability | |
| EBITDA Margin | |
| Net Profit Margin | |
| 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 Volant Textile Mills Limited, buy the company report.
Board of directors of Volant Textile Mills Limited
Volant Textile Mills has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramadoss Srinivasan | Director | 27 Jan 2010 | 16 Years 8 Months | Current |
| Ravindra Jairam Lade Also directs: Lahoti Terra Knitfab Limited | Director | 05 Sep 2003 | 23 Years 1 Months | Current |
| Rajesh Venkateshwar Somani Also directs: Lahoti Terra Knitfab Limited | Director | 08 Jul 1994 | 32 Years 3 Months | Current |
| Dhanpal Annasaheb Tare | Director | 24 Jul 1995 | 31 Years 3 Months | Current |
| Atul Raval | Director | 28 Jan 2009 | 17 Years 8 Months | Current |
| Anantvikram Rajesh Somani | Additional Director | 25 Jan 2011 | 15 Years 9 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2009 | 10185471 | Union Bank of India | ₹53.06 Cr | Open | |
| 19 Apr 1999 | 90163854 | Ind.Development Bank of India | ₹2.5 Cr | Satisfied | |
| 06 Feb 1998 | 90163664 | Bank of Baroda | ₹12.5 Lakh | Satisfied | |
| 16 Dec 1997 | 90163641 | Ind. Development Bank of Indai | ₹1 Cr | Satisfied | |
| 05 May 1997 | 90163536 | Bank of Baroda | ₹3.25 Cr | Satisfied |
To see the full charge records of Volant Textile Mills Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Volant Textile Mills Limited has 21 deals on record (21 market trades); the latest was in December 2012.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2012 | Market trade | ₹39.9 Lakh | Buyer: Emma Auto Ancillary Private Limited Seller: Kamlesh Bhagwandas Bathija Huf, an individual |
| Mar 2012 | Market trade | ₹65.9 Lakh | Buyer: Signora Finance Private Limited , Hormony Energy Private Limited Seller: Sunil Kr Bagaria Huf, an individual |
| Mar 2012 | Market trade | ₹40.9 Lakh | Buyer: Signora Finance Private Limited , an individual Seller: 2 individuals |
| Mar 2012 | Market trade | ₹64.9 Lakh | Buyer: Kamlesh Bhagwandas Bathija Huf, Sunil Kr Bagaria Huf, 2 individuals Seller: Adolpha Technology Private Limited , Frea Stationery Private Limited , 2 individuals |
| Nov 2011 | Market trade | ₹17.6 Lakh | Buyer: Frea Stationery Private Limited Seller: Bunnings Trade Link Private Limited |
To see the full deal history of Volant Textile Mills Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Volant Textile Mills Limited has 39 court cases on record: 15 filed by Volant Textile Mills, 24 filed against it. 7 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 18 | 1 |
| High courts | 13 | 6 | 6 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by M/S. Sharnam Tex India Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Soma Textiles and Industries Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Soma Textiles and Industries Ltd Th. Mr. Shrikant B Bhat | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Nova Transfers Pvt. Ltd. | Disposed |
| District court, Amravati, Maharashtra | Civil suit | Filed against the company by Ms Deegee Cotsyn Pvt. Ltd. | Disposed |
To see the full case history of Volant Textile Mills 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 Volant Textile Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Volant Textile Mills has 2 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 Volant Textile Mills Limited, buy the company report.
Recent activity
Volant Textile Mills Limited has 8 board changes on record since 1994: 7 appointments and 1 cessation. The latest: Anantvikram Rajesh Somani was appointed as Additional Director on 25 Jan 2011.
17 earlier events are in the company report.
Frequently asked questions
Volant Textile Mills is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 July 1994 (32+ years old) and is registered under CIN L17120MH1994PLC079534.
Volant Textile Mills has 6 current directors:
- Ramadoss Srinivasan - Director
- Ravindra Jairam Lade - Director
- Rajesh Venkateshwar Somani - Director
- Dhanpal Annasaheb Tare - Director
- Atul Raval - Director
- Anantvikram Rajesh Somani - Additional Director
The latest financial statements of Volant Textile Mills on record with the MCA are for the year ended 31 March 2012. Its last annual general meeting was held on 29 September 2012. Year-wise statements from 2015 are in the company report.
No. Volant Textile Mills has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Volant Textile Mills is L17120MH1994PLC079534. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volant Textile Mills is recorded as a listed company by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
Volant Textile Mills has 39 court cases on record: 15 filed by the company and 24 filed against it. 7 are pending. Most are in the district courts.
Volant Textile Mills was incorporated on 08 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Volant Textile Mills has 21 deals on record (21 market trades); the latest was in December 2012.
Anantvikram Rajesh Somani was appointed as Additional Director on 25 Jan 2011. Abhaykumar Purohit ceased to be Director on 07 Apr 2010. Ramadoss Srinivasan was appointed as Director on 27 Jan 2010. Volant Textile Mills has 8 board changes on record in total.