VAJRESH CONSULTANTS LIMITED UNLISTED SHARE
ABOUT VAJRESH CONSULTANTS LIMITED
VAJRESH CONSULTANTS LIMITED (formerly known as Essar Capital Limited). The company is engaged in the trading of securities. The company holds the 22.60% stake in Essar Securities Limited.
As a part of restructuring exercise, the Board of Directors has approved the Scheme of Amalgamation of the Company with its holding Company i.e. Imperial Consultants and Securities Limited. An application for consideration and approval of the Scheme of Amalgamation has been filed with the National Company Law Tribunal, Chennai Bench on June 29, 2021.
INCORPORATION DETAILS
CIN | U65923TN2007PLC085016 |
Registration Date | 30 January 2007 |
Category/Sub-category of the Company | Company Limited by Shares |
Address of the Registered office and contact details | Manickam Complex, Ground Floor, 1/3, General Patters Road, Chennai – 600002. Tamil Nadu, India |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | Data Software Research Company Private Limited Unit : Essar Securities Limited 19 Pycrofts Garden Road Off : Haddows Road Nungambakkam Chennai 600006, India Phone : +91 44 4510 5120, +91-44-2821 3738 Email : support@dsrc-cid.in |
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
NA | NA | NA |
BOARD OF DIRECTORS
Mr. Vishal Maske
Mr. Dharmesh Pansar
Mrs. Kanchan Maske
PARTICULARS OF ASSOCIATE COMPANIES
Name of the Company | % of shares held |
Essar Securities Limited | 22.60% |
VAJRESH CONSULTANTS LIMITED UNLISTED SHARE DETAILS
Total Available Shares: | 1,14,61,114 |
Face Value: | Rs. 1 Per Equity Share |
ISIN: | INE334O01016 |
Pan No. | AABCE7257R |
Lot Size: | 100 Shares |
Current Price: | Rs. 135 |
Market Capitalization: | Rs. 154.73 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2021)
S. No. | Shareholder’s Name | Number of shares | % of total Shares of the company |
1 | Imperial Consultants and Securities Limited | 1,05,73,897 | 92.26% |
2 | Public Shareholding | 8,87,217 | 7.74% |
| Total | 1,14,61,114 | 100.00% |
PROFIT & LOSS STATEMENT OF VAJRESH CONSULTANTS LIMITED (In Rs.)
PARTICULARS | 2021 | 2020 | 2019 |
Revenue from Operation | 0 | 34,202 | 9,23,000 |
Increase in Value of Inventory | 82,48,012 | 0 | 0 |
EBITDA | 49,80,993 | -94,74,804 | -1,07,16,412 |
Depreciation | 24,835 | 24,835 | 24,835 |
Other Income | 3,541 | 63,800 | 20,550 |
Profit before Tax | 49,59,699 | -94,35,839 | -1,07,20,697 |
Tax | -45,000 | -4,21,28,283 | 0 |
Profit after Tax (PAT) | 49,14,699 | -5,15,64,122 | -1,07,20,697 |
EPS | 0.43 | -4.50 | -0.94 |
BALANCE SHEET OF VAJRESH CONSULTANTS LIMITED (In Rs. Lakhs)
PARTICULARS | 31st March 2021 | 31st March 2020 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible Assets | 87.18 | 87.43 |
Investments | 2,32,210.37 | 2,32,210.37 |
Long Term Loans and Advances | 386.99 | 386.98 |
TOTAL NON CURRENT ASSETS | 2,32,684.53 | 2,32,684.78 |
CURRENT ASSETS | ||
Inventories | 116.21 | 33.70 |
Trade Receivables | 0.34 | 0.34 |
Cash and Cash equivalents | 18.40 | 19.14 |
TOTAL CURRENT ASSETS | 134.95 | 53.17 |
TOTAL ASSETS | 2,32,819.48 | 2,32,737.95 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity share capital | 114.61 | 114.61 |
Other Equity | -9,616.74 | -9,665.89 |
TOTAL EQUITY | -9,502.13 | -9,551.28 |
LIABILITIES | ||
NON CURRENT LIABILITIES | ||
Long Term Borrowings | 2,38,150.63 | 2,38,150.63 |
TOTAL NON CURRENT LIABILITIES | 2,38,150.63 | 2,38,150.63 |
CURRENT LIABILITIES | ||
Trade payables | 5.40 | 3.23 |
Provisions | 0.45 | 0.00 |
Other current liabilities | 4,165.13 | 4,135.36 |
TOTAL CURRENT LIABILITIES | 4,170.98 | 4,138.60 |
TOTAL LIABILITIES | 2,42,321.62 | 2,42,289.23 |
TOTAL EQUITY AND LIABILITIES | 2,32,819.48 | 2,32,737.95 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company is Zero for FY 2021. The company only earned through capital appreciation on the shares of ‘Essar Securities Limited’. And some Dividend income from mutual funds. The Total income earned by the company in FY 2021 was Rs. 82,51,553 as against Rs. 98,002 in FY 2020.
EBITDA of the company turned from a loss of Rs. 94,74,804 in FY 2020 to a profit of Rs. 49,80,993 in FY 2021.
The company turned profitable in FY 2021 and earned a profit of Rs. 49,14,699, as against a loss of Rs. 5,15,64,122 in FY 2020.
Current Ratio of the company as of 31st March 2021 was 0.03.
Debt to Equity Ratio of the company as of 31st March 2021 was -25.06.
The company has not given any dividend from the past three years.
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