Verity Spintex Private Limited

Textile manufacturing company with 4,026 tonnes annual capacity, founded by Mr. Punit Ramesh Bhalodiya.

2014 | Rajkot, Gujarat (India) | Active
Last Updated:

Verity Spintex Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 4.80 Cr
  • Company Age 10 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 69.34 Cr
  • Satisfied Charges ₹ 16.14 Cr
  • Revenue Growth 6.35%
  • Profit Growth -25.90%
  • Ebitda 11.61%
  • Net Worth 9.94%
  • Total Assets 5.81%

About Verity Spintex

Verity Spintex Private Limited (VSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 02 September 2014 and has a history of Ten years and six months. Its registered office is in Rajkot, Gujarat, India.

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 5.00 Cr and a paid-up capital of Rs 4.80 Cr.

The company currently has active open charges totaling ₹69.34 Cr. The company has closed loans amounting to ₹16.14 Cr, as per Ministry of Corporate Affairs (MCA) records.

Prafulkumar Bhalodia, Punitbhai Bhalodiya, Kaushalkumar Kadivar, and Three other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U17122GJ2014PTC080661

  • Company No.

    080661

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    02 Sep 2014

  • Date of AGM

    27 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

Who are the key members and board of directors at Verity Spintex?

Board Members (6)

NameDesignationAppointment DateStatus
Prafulkumar Bhalodia Country flag representing In Director 02-Sep-2014Current
Punitbhai Bhalodiya Country flag representing In Director 02-Sep-2014Current
Kaushalkumar Kadivar Additional Director 20-Apr-2024Current
Siddharth Kadivar Country flag representing In Director 02-Sep-2014Current
Bhaveshbhai Kanasagra Country flag representing In Director 02-Sep-2014Current
Sunny Vadaliya Country flag representing In Director 20-Sep-2014Current

Financial Performance of Verity Spintex.

Verity Spintex Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.35% increase. The company also saw a substantial fall in profitability, with a 25.9% decrease in profit. The company's net worth moved up by a moderate rise of 9.94%.

Verity Spintex revenue growth over time
Verity Spintex 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
6.35%
Revenue from Operations
7.31%
Total Assets
5.81%
Profit or Loss
-25.90%
Net Worth
9.94%
EBITDA
11.61%

What is the Ownership and Shareholding Structure of Verity Spintex?

In 2023, Verity Spintex 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

₹69.34 Cr

Satisfied Charges

₹16.14 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 69.17 Cr
  • Others : 0.17 Cr

Latest Charge Details

DateLenderAmountStatus
26 Dec 2022Axis Bank Limited₹9.90 CrOpen
31 Aug 2018Axis Bank Limited₹59.27 CrOpen
29 Aug 2018Others₹1.72 MOpen
30 Oct 2015Others₹16.14 CrSatisfied

How Many Employees Work at Verity Spintex?

Verity Spintex has a workforce of 34 employees as of Apr 07, 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.

Employee growth trends for Verity Spintex Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Verity Spintex, 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 Verity Spintex'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 Verity Spintex

Recent activity within the organization

  • Director Appointment

    Kaushalkumar Kiritbhai Kadivar was appointed as a Additional Director was appointed as a Additional Director on 20 Apr 2024 & has been associated with this company since 10 months 11 days .

  • Charges

    A charge with Axis Bank Limited of Rs. 59.27 Cr registered on 31 Aug 2018 with Charge ID 100202701 was modified on 03 Jan 2024.

  • Annual General Meeting

    Verity Spintex Private Limited last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Verity Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 9.90 Cr with Charge ID 100664944 was registered on 26 Dec 2022.

  • Charges

    A charge registered on 30 Oct 2015 via Charge ID 10603512 with Others was fully satisfied on 01 Oct 2018.

Frequently asked questions

  • What is the Incorporation or founding date of Verity Spintex Private Limited?

    Verity Spintex Private Limited was incorporated on 02 Sep 2014.

  • What is authorized share capital and paid-up capital of Verity Spintex Private Limited?

    The authorized share capital of Verity Spintex Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.80 Cr.

  • Who are the current board members & directors of Verity Spintex Private Limited?

    Currently 6 directors are associated with Verity Spintex Private Limited.

    • Prafulkumar Naranbhai Bhalodia
    • Punitbhai Rameshbhai Bhalodiya
    • Kaushalkumar Kiritbhai Kadivar
    • Siddharth Narendrabhai Kadivar
    • Bhaveshbhai Shantilal Kanasagra
    • Sunny Bharatbhai Vadaliya

  • What is the registered address of Verity Spintex Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Verity Spintex Private Limited is R. S. - 275/2 Opp. Saurashtra Spc Kuvadva Wankaner Highway Village: Jiyan, A, Rajkot, Gujarat, India, 360023.

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

    The corporate identification number (CIN) of Verity Spintex Private Limited is U17122GJ2014PTC080661 and the company number is 080661 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Verity Spintex Private Limited?

    The Official website of Verity Spintex Private Limited is https://www.verity-spintex-pvt-ltd.business.site

  • What has been the recent revenue trend for Verity Spintex Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Verity Spintex Private Limited has risen by 6.35%.

  • How many employees does Verity Spintex Private Limited currently have?

    As Per 2023 financial reports, 34 employees are currently employed by Verity Spintex Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Verity Spintex Private Limited has experienced an upsurge of 9.94%.

  • What are the total open charges for Verity Spintex Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Verity Spintex Private Limited amount to ₹ 69.34 Cr.

  • When was the last Balance Sheet of Verity Spintex Private Limited filed with the ROC?

    The most recent Balance Sheet for Verity Spintex Private Limited was filed with the ROC on 31 Mar 2023.

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