Velocity Knits Profile
Key Indicators
- Authorised Capital ₹ 8.10 M
as on 29-07-2024
- Paid Up Capital ₹ 4.45 M
as on 29-07-2024
- Company Age 19 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 8.03 Cr
as on 29-07-2024
- Revenue -68.01%
(FY 2023)
- Profit -319.37%
(FY 2023)
- Ebitda -204.29%
(FY 2023)
- Net Worth -16.95%
(FY 2023)
- Total Assets -9.65%
(FY 2023)
About Velocity Knits
The Company is engaged in the Manufacturing 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 8.10 M and a paid-up capital of Rs 4.45 M.
The company has closed loans amounting to ₹8.03 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Roop Kumar and Niranjini Roopkumar serve as directors at the Company.
- CIN/LLPIN
U17301TN2005PTC055509
- Company No.
055509
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
28 Feb 2005
- Date of AGM
30 Sep 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
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- Social Media-
Who are the key members and board of directors at Velocity Knits?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Roop Kumar  | Director | 30-Sep-2014 | Current |
| Niranjini Roopkumar | Director | 28-Feb-2005 | Current |
Financial Performance of Velocity Knits.
Velocity Knits Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 68.01% decrease. The company also saw a substantial fall in profitability, with a 319.37% decrease in profit. The company's net worth observed a substantial decline by a decrease of 16.95%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Velocity Knits?
In 2023, Velocity Knits 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)
- Knitsburg Private LimitedActive 19 years 10 months
Roop Kumar and Niranjini Roopkumar are mutual person
- Kumaravel Packaging Private LimitedActive 37 years 7 months
Roop Kumar and Niranjini Roopkumar are mutual person
- Pillayar Investments And Finance Private LimitedActive 31 years 13 days
Roop Kumar is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Ing Vysya Bank Limited Creation Date: 16 Jul 2009 | ₹2.71 Cr | Satisfied |
Ing Vysya Bank Limited Creation Date: 26 Apr 2005 | ₹5.32 Cr | Satisfied |
How Many Employees Work at Velocity Knits?
Velocity Knits has a workforce of 32 employees as of Apr 09, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Velocity Knits, 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 Velocity Knits'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.
