Vel Steel Tubes & Engineering Profile
Key Indicators
- Authorised Capital ₹ 2.10 Cr
as on 17-07-2024
- Paid Up Capital ₹ 2.05 Cr
as on 17-07-2024
- Company Age 16 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 15.42 Cr
as on 17-07-2024
- Satisfied Charges ₹ 3.60 Cr
as on 17-07-2024
- Revenue -25.22%
(FY 2021)
- Profit -901.68%
(FY 2021)
- Ebitda -24.42%
(FY 2021)
- Net Worth -14.62%
(FY 2021)
- Total Assets 8.32%
(FY 2021)
About Vel Steel Tubes & Engineering
The Company is engaged in the Metals And Minerals Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.10 Cr and a paid-up capital of Rs 2.05 Cr.
The company currently has active open charges totaling ₹15.42 Cr. The company has closed loans amounting to ₹3.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
Srinivasan Ranganathan, Raameshsaam, and Subbiah Naidu serve as directors at the Company.
- CIN/LLPIN
U29253TN2008PTC068894
- Company No.
068894
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Aug 2008
- Date of AGM
02 Nov 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Vel Steel Tubes & Engineering?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srinivasan Ranganathan  | Managing Director | 18-Aug-2008 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Raameshsaam | Director | 28-Sep-2023 | Current |
| Subbiah Naidu | Director | 06-Sep-2019 | Current |
Financial Performance and Corporate Structure Insights of Vel Steel Tubes & Engineering.
Vel Steel Tubes & Engineering Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 25.22% decrease. The company also saw a substantial fall in profitability, with a 901.68% decrease in profit. The company's net worth observed a substantial decline by a decrease of 14.62%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Vel Steel Tubes & Engineering?
In 2021, Vel Steel Tubes & Engineering had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 21 Dec 2020 | ₹2.00 Cr | Open |
Others Creation Date: 08 Mar 2013 | ₹13.42 Cr | Open |
Dhanalakshmi Bank Ltd Creation Date: 16 Mar 2011 | ₹6.00 M | Satisfied |
How Many Employees Work at Vel Steel Tubes & Engineering?
Unlock and access historical data on people associated with Vel Steel Tubes & Engineering, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Vel Steel Tubes & Engineering, 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 Vel Steel Tubes & Engineering's trajectory.
Rating
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
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.
