Vikash Durables Profile
Key Indicators
- Authorised Capital ₹ 2.00 M
- Paid Up Capital ₹ 0.90 M
- Company Age 40 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.00 Cr
- Satisfied Charges ₹ 2.81 Cr
- Revenue Growth -47.68%
- Profit Growth -598.63%
- Ebitda 69.04%
- Net Worth -8.83%
- Total Assets -1.23%
About Vikash Durables
Vikash Durables Limited (VDL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 September 1984 and has a history of 40 years and five months. Its registered office is in Kanpur Dehat, Uttar Pradesh, India.
The Corporate was formerly known as Vikash Distributors Private Limited. The Company is engaged in the Consumer Electronics & Durables Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.00 M and a paid-up capital of Rs 0.90 M.
The company currently has active open charges totaling ₹1.00 Cr. The company has closed loans amounting to ₹2.81 Cr, as per Ministry of Corporate Affairs (MCA) records.
Suresh Banka, Prakash Tibarewala, and Subhash Tibarewala serve as directors at the Company.
Company Details
- Location
Kanpur Dehat, Uttar Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51109UP1984PLC006741
- Company No.
006741
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Sep 1984
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kanpur
Industry
Consumer Electronics & Durables
What products or services does Vikash Durables Limited offer?
Vikash Durables Limited offers a wide range of products and services, including Domestic Fans, AC & Coolers, Air Coolers.
Vikash Durables Limited
Explore comprehensive data for Vikash Durables Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Vikash Durables?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Subhash Tibarewala  | Managing Director | 15-Oct-1984 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Suresh Banka | Director | 01-Mar-2021 | Current |
| Prakash Tibarewala | Director | 01-Apr-1997 | Current |
Financial Performance of Vikash Durables.
Vikash Durables Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 47.68% decrease. The company also saw a substantial fall in profitability, with a 598.63% decrease in profit. The company's net worth dipped by a decrease of 8.83%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Vikash Durables?
In 2023, Vikash Durables had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹10.00 M
Satisfied Charges
₹28.05 M
Charges Breakdown by Lending Institutions
- Others : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2021 | Others | ₹1.00 Cr | Open |
| 31 Jul 2019 | Others | ₹8.95 M | Satisfied |
| 16 Feb 2015 | Punjab National Bank | ₹2.50 M | Satisfied |
| 06 Sep 2007 | Punjab National Bank | ₹1.50 Cr | Satisfied |
| 05 Feb 2005 | Allahabad Bank | ₹1.60 M | Satisfied |
How Many Employees Work at Vikash Durables?
Vikash Durables has a workforce of 0 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 Vikash Durables, 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 Vikash Durables'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.
Latest Updates, News, and FAQs on Vikash Durables
Recent activity within the organization
- Annual General Meeting
Vikash Durables Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Vikash Durables Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kanpur.
- Charges
A charge registered on 31 Jul 2019 via Charge ID 100301234 with Others was fully satisfied on 08 Dec 2022.
- Charges
A charge with Others amounted to Rs. 10.00 M with Charge ID 100504086 was registered on 29 Nov 2021.
- Director Appointment
Suresh Banka was appointed as a Director was appointed as a Director on 01 Mar 2021 & has been associated with this company since 4 years 14 days .
- Charges
A charge with Others of Rs. 8.95 M registered on 31 Jul 2019 with Charge ID 100301234 was modified on 30 Jul 2020.
Frequently asked questions
What is the Incorporation or founding date of Vikash Durables Limited?
Vikash Durables Limited was incorporated on 20 Sep 1984.
What is authorized share capital and paid-up capital of Vikash Durables Limited?
The authorized share capital of Vikash Durables Limited is ₹ 2.00 M and paid-up capital is ₹ 0.90 M.
Who are the current board members & directors of Vikash Durables Limited?
Currently 3 directors are associated with Vikash Durables Limited.
- Suresh Banka
- Prakash Chandra Tibarewala
- Subhash Chandra Tibarewala
What is the registered address of Vikash Durables Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Vikash Durables Limited is 87/110, Krishna Oil Mill Compound Acharya Nagar India, Kanpur, Uttar Pradesh, 208001.
What is the corporate identification number (CIN) and company number of Vikash Durables Limited?
The corporate identification number (CIN) of Vikash Durables Limited is U51109UP1984PLC006741 and the company number is 006741 as per Ministry of Corporate Affairs (MCA).
What is the official website of Vikash Durables Limited?
The Official website of Vikash Durables Limited is https://www.vikashdurables.com
What has been the recent revenue trend for Vikash Durables Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Vikash Durables Limited has fallen by -47.68%.
What change has been observed in the net worth of Vikash Durables Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Vikash Durables Limited has experienced an downturn of -8.83%.
What are the total open charges for Vikash Durables Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Vikash Durables Limited amount to ₹ 1.00 Cr.
When was the last Balance Sheet of Vikash Durables Limited filed with the ROC?
The most recent Balance Sheet for Vikash Durables Limited was filed with the ROC on 31 Mar 2024.
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