Verity Spintex Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
as on 16-06-2024
- Paid Up Capital ₹ 4.80 Cr
as on 16-06-2024
- Company Age 10 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 69.34 Cr
as on 16-06-2024
- Satisfied Charges ₹ 16.14 Cr
as on 16-06-2024
- Revenue 6.35%
(FY 2023)
- Profit -25.90%
(FY 2023)
- Ebitda 11.61%
(FY 2023)
- Net Worth 9.94%
(FY 2023)
- Total Assets 5.81%
(FY 2023)
About Verity Spintex
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.
- 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
Company Details
- Location
Rajkot, Gujarat, India
- Telephone
- Email Address
- Social Media-
Who are the key members and board of directors at Verity Spintex?
Board Members(6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prafulkumar Bhalodia  | Director | 02-Sep-2014 | Current |
| Punitbhai Bhalodiya | Director | 02-Sep-2014 | Current |
| Kaushalkumar Kadivar | Additional Director | 20-Apr-2024 | Current |
| Siddharth Kadivar | Director | 02-Sep-2014 | Current |
| Bhaveshbhai Kanasagra | Director | 02-Sep-2014 | Current |
| Sunny Vadaliya | Director | 20-Sep-2014 | Current |
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%.
- 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 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.
Related Corporates (Common Directorship)
Vivanta Spintex LlpActive 5 years 7 monthsPrafulkumar Bhalodia, Punitbhai Bhalodiya and 2 more are mutual person
- Accura Spintex Private LimitedActive 8 years 3 months
Prafulkumar Bhalodia and Punitbhai Bhalodiya are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 26 Dec 2022 | ₹9.90 Cr | Open |
Axis Bank Limited Creation Date: 31 Aug 2018 | ₹59.27 Cr | Open |
Others Creation Date: 29 Aug 2018 | ₹1.72 M | Open |
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.
Deals i
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
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.
