About Weavette Business Ventures Limited
Data last updated:
Weavette Business Ventures Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Future Corporate Resources 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 textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 05 November 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2007PLC175707. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹4.07 Cr and a paid-up capital of ₹3.1 Cr. It was formerly known as Future Realtors India Limited and Future Ideas Realtors India Limited. It was led by directors including Ravie Manoharlal Lalpurria and Nishita Anil Biyani.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹669.75 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹53.12 Lakh (net margin 0.1%) and EBITDA of ₹8.74 Cr (EBITDA margin 1.3%).
As per MCA filings, the company had satisfied charges of ₹583.75 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The last known website on record is futuregroup.in.
Company details
Name history
Weavette Business Ventures has undergone 2 name changes throughout its history. The company was previously known as Future Realtors India Limited, and Future Ideas Realtors India Limited. The current legal name is Weavette Business Ventures Limited.
| Company Name | Status |
|---|---|
| Weavette Business Ventures Limited | Current |
| Future Realtors India Limited | Previous |
| Future Ideas Realtors India Limited | Previous |
CIN history
Weavette Business Ventures has one previous CIN (Corporate Identification Number): U70102MH2007PLC175707. The current CIN is U51101MH2007PLC175707, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101MH2007PLC175707 | Current |
| U70102MH2007PLC175707 | Previous |
Contact details
Weavette Business Ventures Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressKnowledge House Shyam Nagar Off.Jogeshwari – Vikhroli Link Road Joge, Shwari(E), Mumbai, Maharashtra, India – 400060
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Weavette Business Ventures 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 Weavette Business Ventures 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 Weavette Business Ventures Limited, buy the company report.
Financials of Weavette Business Ventures Limited
FY 2016 filings availableWeavette Business Ventures Limited reported revenue of ₹669.75 Cr (up 21% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year. EBITDA rose 346% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹669.75 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹8.74 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹53.12 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.3% | |
| Net Profit Margin | 0.1% | |
| 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 Weavette Business Ventures Limited, buy the company report.
Board of directors of Weavette Business Ventures Limited
Weavette Business Ventures has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravie Manoharlal Lalpurria Also directs: Radhe-Rhea Finance Advisors Private Limited | Director | 31 Mar 2015 | 11 Years 6 Months | As last reported |
| Nishita Anil Biyani | Director | 30 Sep 2015 | 11 Years 1 Months | As last reported |
| Dinesh Ramnarayan Maheshwari Also directs: Mobile Repair Service City India Limited | Director | 31 Jan 2008 | 18 Years 8 Months | As last reported |
| Ajay Dedhia Nemchand | Director | 31 Mar 2015 | 11 Years 6 Months | As last reported |
Peer comparison
Weavette Business Ventures Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with 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 |
|---|---|---|---|---|---|---|
| Krishnayash Yarn Private Limited | ₹696.28 Cr (FY 2025) | 19.0% | Surat, Gujarat, India | |||
| Weavette Business Ventures Limitedthis company | ₹669.75 Cr (FY 2016) | ₹53.12 Lakh | 0.1% | 21.0% | Mumbai, Maharashtra, India | |
| SPG Multi Trade Private Limited | ₹666.24 Cr (FY 2018) | 4.0% | Mumbai, Maharashtra, India | |||
| Dindayal Jalan Textiles Private Limited | ₹646.55 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Counseled Mercantile Private Limited | ₹634.01 Cr (FY 2016) | 143.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Weavette Business Ventures Limited, buy the company report.
Auditor
Weavette Business Ventures Limited is audited by S L & COMPANY for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S L & COMPANY | FY 2016 | 134210W |
Shareholding
The shareholding of Weavette Business Ventures 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 Weavette Business Ventures Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 May 2017 | 100100235 | Others | ₹130 Cr | Satisfied | |
| 09 Mar 2015 | 10570997 | Idbi Bank Limited | ₹150 Cr | Satisfied | |
| 20 Feb 2015 | 10566039 | Sicom Limited | ₹7 Cr | Satisfied | |
| 22 Jan 2015 | 10566036 | Sicom Limited | ₹30 Cr | Satisfied | |
| 08 Feb 2012 | 10339120 | Ifci Limited | ₹100 Cr | Satisfied |
To see the full charge records of Weavette Business Ventures Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Weavette Business Ventures Limited has 3 court cases on record: 3 filed by Weavette Business Ventures. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company against an individual | Disposed |
To see the full case history of Weavette Business Ventures 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
Weavette Business Ventures Limited was last rated by Indiarating on 17 Jul 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 17 Jul 2017 |
To see the full credit ratings and regulatory alerts of Weavette Business Ventures Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Weavette Business Ventures Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Weavette Business Ventures has 4 joint ventures and 2 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
GST
Weavette Business Ventures 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 Weavette Business Ventures Limited, buy the company report.
Recent activity
Weavette Business Ventures Limited has 13 board changes on record since 2008: 4 appointments and 9 cessations. The latest: Sanjay Ramprasad Rathi ceased to be Director on 09 Oct 2017.
22 earlier events are in the company report.
Frequently asked questions
Weavette Business Ventures 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.
Weavette Business Ventures was a public limited company based in Mumbai, Maharashtra, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 05 November 2007 and is registered under CIN U51101MH2007PLC175707. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Weavette Business Ventures was incorporated on 05 November 2007. It is registered with the Registrar of Companies, Mumbai.
Weavette Business Ventures had 4 directors:
- Ravie Manoharlal Lalpurria - Director
- Nishita Anil Biyani - Director
- Dinesh Ramnarayan Maheshwari - Director
- Ajay Dedhia Nemchand - Director
The CIN (Corporate Identification Number) of Weavette Business Ventures is U51101MH2007PLC175707. 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 Weavette Business Ventures is at Knowledge House Shyam Nagar Off.Jogeshwari – Vikhroli Link Road Joge, ShwariE, Mumbai, Maharashtra, India – 400060.
Weavette Business Ventures can be reached through the website futuregroup.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Weavette Business Ventures on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Weavette Business Ventures has 1 GST registration on record and it is cancelled or inactive.
Weavette Business Ventures operated in the home and lifestyle industry, in the textile retail and distribution segment.
The peers of Weavette Business Ventures by revenue are Krishnayash Yarn Private Limited, SPG Multi Trade Private Limited, Dindayal Jalan Textiles Private Limited, Counseled Mercantile Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).