Vela Steels Private Limited

Manufacturer and trader of various metals and alloys, including stainless steel and SG iron.

2013 | Namakkal, Tamil Nadu (India) | Active
Last Updated:

Vela Steels Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 3.02 Cr
  • Company Age 11 Year, 10 Months
  • Last Filing with ROC 31 Mar 2022
  • Satisfied Charges ₹ 2.30 Cr
  • Revenue Growth -46.28%
  • Profit Growth -32513.88%
  • Ebitda -1066.01%
  • Net Worth -30.51%
  • Total Assets -0.47%

About Vela Steels

Vela Steels Private Limited (VSPL) is a Private Limited Indian Non-Government Company incorporated in India on 02 July 2013 and has a history of 11 years and ten months. Its registered office is in Namakkal, Tamil Nadu, India.

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 2022. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 3.02 Cr.

The company has closed loans amounting to ₹2.30 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Lakshmanan Yuvaraj, Varadharaj Mohankumar, Varatharaj Kumar, and One other member serve as directors at the Company.

Company Details

  • Location

    Namakkal, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27100TZ2013PTC019646

  • Company No.

    019646

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    02 Jul 2013

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Metals and Minerals
Company report

Vela Steels Private Limited

Explore comprehensive data for Vela Steels Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Vela Steels?

Board Members (4)

NameDesignationAppointment DateStatus
Lakshmanan Yuvaraj Country flag representing In Director 30-Sep-2015Current
Varadharaj Mohankumar Country flag representing In Director 10-Mar-2014Current
Varatharaj Kumar Country flag representing In Director 10-Mar-2014Current
Ramasamy Palaniyappan Country flag representing In Director 10-Mar-2014Current

Financial Performance of Vela Steels.

Vela Steels Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 46.28% decrease. The company also saw a substantial fall in profitability, with a 32513.88% decrease in profit. The company's net worth observed a substantial decline by a decrease of 30.51%.

Vela Steels revenue growth over time
Vela Steels 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
-46.28%
Revenue from Operations
Total Assets
-0.47%
Profit or Loss
-32513.88%
Net Worth
-30.51%
EBITDA
-1066.01%

What is the Ownership and Shareholding Structure of Vela Steels?

In 2020, Vela Steels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹2.30 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 2.30 Cr

Latest Charge Details

DateLenderAmountStatus
03 Nov 2017Canara Bank₹2.30 CrSatisfied

How Many Employees Work at Vela Steels?

Unlock and access historical data on people associated with Vela Steels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Vela Steels Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vela Steels, 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 Vela Steels'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 Vela Steels

Recent activity within the organization

  • Annual General Meeting

    Vela Steels Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

  • Balance Sheet

    Vela Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Coimbatore.

  • Charges

    A charge registered on 03 Nov 2017 via Charge ID 100177093 with Canara Bank was fully satisfied on 29 Jan 2021.

  • Charges

    A charge with Canara Bank amounted to Rs. 2.30 Cr with Charge ID 100177093 was registered on 03 Nov 2017.

  • Director Appointment

    Lakshmanan Yuvaraj was appointed as a Director was appointed as a Director on 30 Sep 2015 & has been associated with this company since 9 years 7 months .

  • Director Appointment

    Varadharaj Mohankumar was appointed as a Director was appointed as a Director on 10 Mar 2014 & has been associated with this company since 11 years 2 months .

Frequently asked questions

  • What is the Incorporation or founding date of Vela Steels Private Limited?

    Vela Steels Private Limited was incorporated on 02 Jul 2013.

  • What is authorized share capital and paid-up capital of Vela Steels Private Limited?

    The authorized share capital of Vela Steels Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 3.02 Cr.

  • Who are the current board members & directors of Vela Steels Private Limited?

    Currently 4 directors are associated with Vela Steels Private Limited.

    • Lakshmanan Yuvaraj
    • Varadharaj Mohankumar
    • Varatharaj Vinoth Kumar
    • Ramasamy Palaniyappan

  • What is the registered address of Vela Steels Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Vela Steels Private Limited is 526/76/2 Katcheri Street Velur Road, Tiruchengod E Tk India, Namakkal Dt, Tamil Nadu, 637211.

  • What is the corporate identification number (CIN) and company number of Vela Steels Private Limited?

    The corporate identification number (CIN) of Vela Steels Private Limited is U27100TZ2013PTC019646 and the company number is 019646 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Vela Steels Private Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Vela Steels Private Limited has fallen by -46.28%.

  • What change has been observed in the net worth of Vela Steels Private Limited, and by what percentage?

    The financial reports for the fiscal year 2020 indicates that The net worth of Vela Steels Private Limited has experienced an downturn of -30.51%.

  • When was the last Balance Sheet of Vela Steels Private Limited filed with the ROC?

    The most recent Balance Sheet for Vela Steels Private Limited was filed with the ROC on 31 Mar 2022.

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