Vrundavan Ceramic Private Limited
About Vrundavan Ceramic Private Limited
Data last updated:
Vrundavan Ceramic Private Limited is a private limited company based in Tal Wankaner, Gujarat, 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 sanitaryware and tile segment of the manufacturing sector. It was incorporated on 06 July 1999.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26914GJ1999PTC036237. Its GSTIN is 24AAACV9308B2ZN (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹8.5 Cr. It was formerly known as Vrundavan Ceramic Limited. It is led by directors Hasmukh Vithalbhai Patel and Vithaldas Manjibhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Survey No 143/2 8 – A National Highway B/H Gangotri Glazed Tiles Vill.Dhuva, Tal Wankaner, Gujarat, India – 363622.
As per the financials filed for FY 2019, the company reported a revenue of ₹7.68 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹1.34 Cr (net margin -17.5%) and EBITDA of -₹46.56 Lakh (EBITDA margin -6.1%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years.
As per MCA filings, the company has open charges of ₹127.27 Cr and satisfied charges of ₹1.06 Cr on record. Court records list 41 cases involving the company, including 2 filed by the company and 39 filed against it; 4 cases are pending.
Company details
CIN history
Vrundavan Ceramic has one previous CIN (Corporate Identification Number): U26914GJ1999PLC036237. The current CIN is U26914GJ1999PTC036237, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26914GJ1999PTC036237 | Current |
| U26914GJ1999PLC036237 | Previous |
Contact details
Vrundavan Ceramic Private Limited's registered office is in Tal Wankaner, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressSurvey No 143/2 8 – A National Highway B/H Gangotri Glazed Tiles Vill.Dhuva, Tal Wankaner, Gujarat, India – 363622
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Vrundavan Ceramic 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 Vrundavan Ceramic is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Vrundavan Ceramic Private Limited, buy the company report.
Financials of Vrundavan Ceramic Private Limited
FY 2019 filings availableVrundavan Ceramic Private Limited reported revenue of ₹7.68 Cr (down 30% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over three years, including a 30% fall in the latest year. EBITDA rose 58% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.68 Cr | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹46.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.34 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.1% | ||||
| Net Profit Margin | -17.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Vrundavan Ceramic Private Limited, buy the company report.
Board of directors of Vrundavan Ceramic Private Limited
Vrundavan Ceramic has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hasmukh Vithalbhai Patel | Director | 01 Jul 2018 | 8 Years 3 Months | As last reported |
| Vithaldas Manjibhai Patel | Director | 09 Jul 1999 | 27 Years 3 Months | As last reported |
Auditor
Vrundavan Ceramic Private Limited is audited by FINAVA & COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FINAVA & COMPANY | FY 2019 | 128195W |
Shareholding
The shareholding of Vrundavan Ceramic Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Vrundavan Ceramic Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2005 | 80020579 | State Bank of India | ₹127.27 Cr | Open | |
| 27 Jun 2007 | 10058537 | Hdfc Bank Limited | ₹6.01 Lakh | Satisfied | |
| 27 Oct 2004 | 80020577 | Punjab National Bank | ₹1 Cr | Satisfied |
To see the full charge records of Vrundavan Ceramic Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Vrundavan Ceramic Private Limited has 41 court cases on record: 2 filed by Vrundavan Ceramic, 39 filed against it. 4 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 19 | 0 |
| High courts | 9 | 8 | 0 |
| NCLT | 8 | 7 | 3 |
| NCLAT | 5 | 5 | 1 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Keyur Jagdishbhai Shah Liquidator of Gangotri Glazed Tiles Private Limited | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Lorenzo Vitrified Tiles Private Limited and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Lorenzo Vitrified Tiles Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Lorenzo Vitrified Tiles Private Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Keyur Jagdishbhai Shah Liquidator Gangotri Glazed Tiles Private Limited Ip Reg. No.: Ibbi / Ipa-002 / Ip-N00244 / 2017-18 / 10729 | Disposed |
To see the full case history of Vrundavan Ceramic 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.
Credit ratings & regulatory alerts
Vrundavan Ceramic Private Limited was last rated by Crisil on 11 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Dec 2019 |
To see the full credit ratings and regulatory alerts of Vrundavan Ceramic Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vrundavan Ceramic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vrundavan Ceramic has 2 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
GST
Vrundavan Ceramic has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV9308B2ZN | Gujarat | Active | 21 Jul 2020 |
To see the full GST registrations and return filing status of Vrundavan Ceramic Private Limited, buy the company report.
Recent activity
Vrundavan Ceramic Private Limited has 7 board changes on record since 1999: 2 appointments and 5 cessations. The latest: Hasmukh Vithalbhai Patel was appointed as Director on 01 Jul 2018.
4 earlier events are in the company report.
Frequently asked questions
Vrundavan Ceramic 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.
Vrundavan Ceramic is a company under insolvency, formerly operating as a private limited company based in Tal Wankaner, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 06 July 1999 and is registered under CIN U26914GJ1999PTC036237. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vrundavan Ceramic has 2 current directors:
- Hasmukh Vithalbhai Patel - Director
- Vithaldas Manjibhai Patel - Director
The latest financial statements of Vrundavan Ceramic on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vrundavan Ceramic is U26914GJ1999PTC036237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vrundavan Ceramic has open charges of ₹127.27 Cr and satisfied charges of ₹1.06 Cr as per latest MCA filings.
Vrundavan Ceramic has 41 court cases on record: 2 filed by the company and 39 filed against it. 4 are pending. Most are in the district courts.
Vrundavan Ceramic was incorporated on 06 July 1999. It is registered with the Registrar of Companies, Ahmedabad.
Hasmukh Vithalbhai Patel was appointed as Director on 01 Jul 2018. Pravinkumar Chandulal Patel ceased to be Director on 01 Jul 2018. Damjibhai Tapubhai Bhorania ceased to be Director on 05 Sep 2013. Vrundavan Ceramic has 7 board changes on record in total.
The registered office of Vrundavan Ceramic is at Survey No 1432 8 – A National Highway BH Gangotri Glazed Tiles Vill.Dhuva, Tal Wankaner, Gujarat, India – 363622.