About VRC Shoreline Enterprises Private Limited
Data last updated:
VRC Shoreline Enterprises Private Limited is a private limited company based in Hyderabad, Telangana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the animal feeds segment of the agriculture sector. It was incorporated on 25 March 2011.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U15209TG2011PTC073520. Its GSTIN is 36AADCV6152G1ZA (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors including Vimala Devi Kanneganti and Charan Tej Kanneganti.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 8 – 2 – 268/1/A/8 Aurora Colony Venture 2 Road No.3 Banjara Hills, Hyderabad, Telangana, India – 500034.
As per the financials filed for FY 2017, the company reported a revenue of ₹32.42 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹35.73 Lakh (net margin 1.1%) and EBITDA of ₹2.54 Cr (EBITDA margin 7.8%).
As per MCA filings, the company has open charges of ₹2 Cr on record. Court records list 11 cases involving the company, including 11 filed against it.
The last known website on record is vrcgroup.in.
Company details
CIN history
VRC Shoreline Enterprises has one previous CIN (Corporate Identification Number): U15209AP2011PTC073520. The current CIN is U15209TG2011PTC073520, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15209TG2011PTC073520 | Current |
| U15209AP2011PTC073520 | Previous |
Contact details
VRC Shoreline Enterprises Private Limited's registered office is in Hyderabad, Telangana. Its website is vrcgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8 – 2 – 268/1/A/8 Aurora Colony Venture 2 Road No.3 Banjara Hills, Hyderabad, Telangana, India – 500034
- IndustryAgriculture, Animal Feeds
To see the full contact details of VRC Shoreline Enterprises 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 VRC Shoreline Enterprises is agriculture, forestry, fishing. In detail, this covers fishing and aquaculture.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A3 | Fishing and aquaculture |
To see the full business activity and turnover split of VRC Shoreline Enterprises Private Limited, buy the company report.
Financials of VRC Shoreline Enterprises Private Limited
FY 2017 filings availableVRC Shoreline Enterprises Private Limited reported revenue of ₹32.42 Cr (up 25% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 25% in the latest year. EBITDA rose 77% 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 | ₹32.42 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.54 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹35.73 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 | 7.8% | ||
| Net Profit Margin | 1.1% | ||
| 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 VRC Shoreline Enterprises Private Limited, buy the company report.
Board of directors of VRC Shoreline Enterprises Private Limited
VRC Shoreline Enterprises has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vimala Devi Kanneganti Also directs: VRC Marine Foods LLP, Kanneganti Marine Foods LLP, VRC Agro Farms Private Limited and 2 more | Director | 25 Mar 2011 | 15 Years 7 Months | As last reported |
| Charan Tej Kanneganti Also directs: VRC Marine Foods LLP, Kanneganti Marine Foods LLP, VRC Agro Farms Private Limited and 2 more | Director | 25 Mar 2011 | 15 Years 7 Months | As last reported |
| Gorijala Venkateswara Rao | Additional Director | 03 Jun 2016 | 10 Years 5 Months | As last reported |
Auditor
VRC Shoreline Enterprises Private Limited is audited by CHOWDARY & RAO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHOWDARY & RAO | FY 2017 | 000656S |
Shareholding
The shareholding of VRC Shoreline Enterprises Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of VRC Shoreline Enterprises Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2015 | 10579446 | Indusind Bank Limited | ₹2 Cr | Open |
Total charge records: 1 View all charges
Legal cases
VRC Shoreline Enterprises Private Limited has 11 court cases on record: 11 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 0 |
| High courts | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed against the company by Idfc First Bank Ltd Rep by A.Achuth | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by Iifl Home Finance Limited | Disposed |
| District court, Hyderabad Central, Telangana | Execution petition | Filed against the company by M/S. Shriram City Union Finance Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Limited | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed against the company by Idfc First Bank Ltd Rep by A.Achuth | Disposed |
To see the full case history of VRC Shoreline Enterprises 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 VRC Shoreline Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VRC Shoreline Enterprises has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCV6152G1ZA | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VRC Shoreline Enterprises Private Limited, buy the company report.
Recent activity
VRC Shoreline Enterprises Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Gorijala Venkateswara Rao was appointed as Additional Director on 03 Jun 2016.
Frequently asked questions
VRC Shoreline Enterprises is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
VRC Shoreline Enterprises is a company under insolvency, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in animal feeds, within the agriculture industry. It was incorporated on 25 March 2011 and is registered under CIN U15209TG2011PTC073520. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
VRC Shoreline Enterprises has 3 current directors:
- Vimala Devi Kanneganti - Director
- Charan Tej Kanneganti - Director
- Gorijala Venkateswara Rao - Additional Director
The latest financial statements of VRC Shoreline Enterprises on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of VRC Shoreline Enterprises is U15209TG2011PTC073520. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VRC Shoreline Enterprises has open charges of ₹2 Cr and no satisfied charges on record as per latest MCA filings.
VRC Shoreline Enterprises has 11 court cases on record: 11 filed against it. Most are in the district courts.
VRC Shoreline Enterprises was incorporated on 25 March 2011. It is registered with the Registrar of Companies, Hyderabad.
Gorijala Venkateswara Rao was appointed as Additional Director on 03 Jun 2016. Meru Devi Nuthalapati ceased to be Additional Director on 03 Jun 2016. Gorijala Venkateswara Rao ceased to be Additional Director on 08 Dec 2015. VRC Shoreline Enterprises has 5 board changes on record in total.
VRC Shoreline Enterprises can be reached through the website vrcgroup.in. Its registered office is in Hyderabad, Telangana, India.
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