Vinny Overseas Limited is engaged in manufacturing, weaving, dyeing, processing, and printing of fabrics that used for shirtings, suitings and dress materials. The company obtains the Grey Fabrics from the domestic markets and dyes according to the client’s requirements. It also involved in Job-Work for its wholesale cloth merchants. It has over 2 decades of experience in the textile industry and fulfils both domestic as well as international markets. It is also recognized by Director General of Foreign Trade, Ministry of Commerce and industry as ’One Star Export House’ with certificate validated up to 2020.
Date of Incorporation: The company was incorporated as ‘Vinny Overseas Private Limited’ on 29th May 1992 at Ahmedabad, Gujarat. Eventually, it was converted to public limited company reframed as ‘Vinny Overseas Limited’ on 02nd March 2017.
Promoters of Vinny Overseas Limited: Mr Hiralal Parekh is the sole promoter of Vinny Overseas Limited.
Products and Services Offering: The company is mainly engaged in Grey Fabric processing. The product portfolio consists of:
- Shirting Fabrics
- Suiting Fabrics
- Polyester Fabric
- Dress Materials
- Cotton Fabric
Besides this, it is also involved in customizing the design and quality of the fabric according to its client’s requirements.
Customer Segments: The company has generated around 93.80% of its Revenue from its operation in Domestic markets while 6.20% of its Revenue was generated from International markets. Some of its Domestic Clientele includes Aarnav Industries Pvt.Ltd, Gopi Synthetics Pvt.Ltd, Himanshu Textiles, Roma Textiles, and Jaluram Textile Mills. While its International clientele is spread across UAE, Sri Lanka, Iraq, Bahrain, and Panama City.
Objects of Vinny Overseas Limited IPO: The main objective of this IPO are:
- Funding Working Capital Requirements of the Company.
- General Corporate Purposes.
Summary of Financial Information (Restated)
For the year/period ended (in Rs. Lakhs)
Profit After Tax