Vantage Spinners Private Limited

Manufactures cotton yarn with 40s and 60s count in Andhra Pradesh with 31,500 spindles.

2006 | Krishna, Andhra Pradesh (India) | Under Insolvency
Last Updated: January 16, 2025

Vantage Spinners Profile

Key Indicators

  • Authorised Capital ₹ 37.00 Cr
  • Paid Up Capital ₹ 36.70 Cr
  • Company Age 18 Year, 6 Months
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 189.00 Cr
  • Satisfied Charges ₹ 10.50 Cr
  • Revenue Growth -24.30%
  • Profit Growth -8737.11%
  • Ebitda -151.85%
  • Net Worth -54.95%
  • Total Assets 5.79%

About Vantage Spinners

Vantage Spinners Private Limited (VSPL) is Under Cirp company established on 28 Jul 2006 with its office registered at Krishna, Andhra Pradesh, India and has been running since 18 Year, 6 Months with a paid up capital of 36.70 Cr. According to MCA records, 2 Directors are linked to this company as of 16 Jan 2025.

Company Details

  • Location

    Krishna, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17111AP2006PTC050750

  • Company No.

    050750

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Jul 2006

  • Date of AGM

    30 Sep 2019

  • Date of Balance Sheet

    31 Mar 2019

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Manufacturing

Who are the key members and board of directors at Vantage Spinners?

Executive Team (1)

NameDesignationAppointment DateStatus
Potluru Krishna Country flag representing In Managing Director21-Aug-2006Current

Board Members (1)

NameDesignationAppointment DateStatus
Nandamurimeenalatha Country flag representing In Director 28-Jul-2006Current

Financial Performance of Vantage Spinners.

Vantage Spinners Private Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 24.3% decrease. The company also saw a substantial fall in profitability, with a 8737.11% decrease in profit. The company's net worth observed a substantial decline by a decrease of 54.95%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-24.30%
Revenue from Operations
-24.10%
Total Assets
5.79%
Profit or Loss
-8737.11%
Net Worth
-54.95%
EBITDA
-151.85%

What is the Ownership and Shareholding Structure of Vantage Spinners?

In 2019, Vantage Spinners had a promoter holding of 57.38% and a public holding of 42.62%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹189.00 Cr

Satisfied Charges

₹10.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 148.57 Cr
  • Indian Overseas Bank : 33.05 Cr
  • State Bank Of India : 5.61 Cr
  • Union Bank Of India : 1.77 Cr

Latest Charge Details

DateLenderAmountStatus
09 Aug 2018State Bank Of India₹5.61 CrOpen
01 Dec 2017Others₹6.34 CrOpen
11 Oct 2017Indian Overseas Bank₹6.00 CrOpen
27 Mar 2017Others₹2.50 CrOpen
16 Mar 2017Indian Overseas Bank₹2.80 CrOpen

How Many Employees Work at Vantage Spinners?

Vantage Spinners has a workforce of 112 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vantage Spinners, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Vantage Spinners's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Vantage Spinners

Recent activity within the organization

  • Annual General Meeting

    Vantage Spinners Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.

    30 Sep 2019

  • Balance Sheet

    Vantage Spinners Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Vijayawada.

    31 Mar 2019

  • Charges

    A charge with State Bank Of India amounted to Rs. 5.61 Cr with Charge ID 100210180 was registered on 09 Aug 2018.

    09 Aug 2018

  • Charges

    A charge with Others amounted to Rs. 6.34 Cr with Charge ID 100174909 was registered on 01 Dec 2017.

    01 Dec 2017

  • Charges

    A charge with Indian Overseas Bank amounted to Rs. 6.00 Cr with Charge ID 100135424 was registered on 11 Oct 2017.

    11 Oct 2017

  • Charges

    A charge with Others amounted to Rs. 2.50 Cr with Charge ID 100101021 was registered on 27 Mar 2017.

    27 Mar 2017

Frequently asked questions

  • Vantage Spinners Private Limited was incorporated on 28 Jul 2006.

  • The authorized share capital of Vantage Spinners Private Limited is ₹ 37.00 Cr and paid-up capital is ₹ 36.70 Cr.

  • Currently 2 directors are associated with Vantage Spinners Private Limited.

    • Nandamurimeenalatha
    • Potluru Mohana Murali Krishna
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vantage Spinners Private Limited is Door No.895 R.S.No.50 And 53/2 Hanuman Junction Road, Gollapalli India, Nuzividu, Andhra Pradesh, 521111.

  • The corporate identification number (CIN) of Vantage Spinners Private Limited is U17111AP2006PTC050750 and the company number is 050750 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2019, the revenue trend for Vantage Spinners Private Limited has fallen by -24.30%.

  • As Per 2019 financial reports, 112 employees are currently employed by Vantage Spinners Private Limited.

  • The financial reports for the fiscal year 2019 indicates that The net worth of Vantage Spinners Private Limited has experienced an downturn of -54.95%.

  • As per the financial statements for fiscal Year 2019, The total open charges for Vantage Spinners Private Limited amount to ₹ 189.00 Cr.

  • The most recent Balance Sheet for Vantage Spinners Private Limited was filed with the ROC on 31 Mar 2019.

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