Torus India Limited
About Torus India Limited
Data last updated:
Torus India Limited is a public limited company based in Vijayawada, Andhra Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 28 September 1984.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U27109AP1984PLC004997. Its GSTIN is 37AAACK9510E1ZQ (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹9.49 Cr. It is led by directors including Viplava Kumar Jandhyala and Seetha Ramarao Kosaraju.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No.3 B – Block First Floor Vijayawada Krishna, Andhra Pradesh, India – 520010.
As per the financials filed for FY 2018, the company reported a revenue of ₹95.46 Lakh, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹2.38 Cr (net margin -249.6%) and EBITDA of ₹29.72 Lakh (EBITDA margin 31.1%). Revenue has declined at a compounded annual rate (CAGR) of 171% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹26.15 Cr on record. Court records list 19 cases involving the company, including 17 filed by the company and 2 filed against it; 4 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in October 2017.
Company details
CIN history
Torus India has one previous CIN (Corporate Identification Number): U27109AP1984PTC004997. The current CIN is U27109AP1984PLC004997, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109AP1984PLC004997 | Current |
| U27109AP1984PTC004997 | Previous |
Contact details
Torus India Limited's registered office is in Vijayawada, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.3 B – Block First Floor Vijayawada Krishna, Andhra Pradesh, India – 520010
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Torus India Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Torus India Limited
FY 2018 filings availableTorus India Limited reported revenue of ₹95.46 Lakh (down 66% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 66% fall in the latest year. EBITDA fell 73% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹95.46 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹29.72 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.38 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 31.1% | |||
| Net Profit Margin | -249.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Torus India Limited, buy the company report.
Board of directors of Torus India Limited
Torus India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viplava Kumar Jandhyala | Director | 30 Jul 2001 | 25 Years 2 Months | As last reported |
| Seetha Ramarao Kosaraju Also directs: Midfield Hospitality Private Limited | Director | 28 Sep 1984 | 42 Years 1 Months | As last reported |
| Sayamma Kosaraju Also directs: Midfield Hospitality Private Limited | Director | 29 Aug 2018 | 8 Years 2 Months | As last reported |
Auditor
Torus India Limited is audited by ANANT RAO & MALLIK for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANANT RAO & MALLIK | FY 2018 | 006266S |
Shareholding
The shareholding of Torus India Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Torus India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Dec 2001 | 90132972 | Edelweiss Asset Reconstruction Company Limited | ₹6.47 Cr | Open | |
| 19 Oct 2001 | 90132962 | Others | ₹2.26 Cr | Open | |
| 31 Jan 2001 | 90134430 | Andhra Pradesh State Financial Corp. | ₹94 Lakh | Open | |
| 15 Jan 1998 | 90135748 | State Bank of India | ₹70 Lakh | Open | |
| 03 Sep 1997 | 90132467 | Others | ₹4.8 Cr | Open |
To see the full charge records of Torus India Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Torus India Limited has 2 deals on record (2 secondary share transfers); the latest was in October 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Ramakrishna Finance Limited |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Others- Torus India Limited, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Torus India Limited has 19 court cases on record: 17 filed by Torus India, 2 filed against it. 4 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 1 | 4 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Court case (CCCA) | Filed by the company against Andhra Pradesh Industrial Development Corporation Ltd., | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by M/S Edelweiss Asset Reconstruction Company Ltd. Registered Office at Edelweiss House, Off C.S.T Road, Kalina ,Mumbai , Maharashtra | Disposed |
| High Court, ANDHRAPRADESH | Court case (TREVC) | Filed by the company against State of Andhra Pradesh | Pending |
| High Court, ANDHRAPRADESH | Court case (TREVC) | Filed by the company against State of A.P., Stat, Visakhapatnam | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Export and Import Bank of India, (Exim Bank), Rep. by and 3 others | Pending |
To see the full case history of Torus India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Torus India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Torus India Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Torus India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAACK9510E1ZQ | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Torus India Limited, buy the company report.
Recent activity
Torus India Limited has 6 board changes on record since 1984: 3 appointments and 3 cessations. The latest: Sayamma Kosaraju was appointed as Director on 29 Aug 2018.
14 earlier events are in the company report.
Frequently asked questions
Torus India is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Torus India is a company under insolvency, formerly operating as a public limited company based in Vijayawada, Andhra Pradesh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 28 September 1984 and is registered under CIN U27109AP1984PLC004997. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Torus India has 3 current directors:
- Viplava Kumar Jandhyala - Director
- Seetha Ramarao Kosaraju - Director
- Sayamma Kosaraju - Director
The latest financial statements of Torus India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Torus India is U27109AP1984PLC004997. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Torus India has open charges of ₹26.15 Cr and no satisfied charges on record as per latest MCA filings.
Torus India has 19 court cases on record: 17 filed by the company and 2 filed against it. 4 are pending. Most are in the high courts.
Torus India was incorporated on 28 September 1984. It is registered with the Registrar of Companies, Vijayawada.
Torus India has 2 deals on record (2 secondary share transfers); the latest was in October 2017.
Sayamma Kosaraju was appointed as Director on 29 Aug 2018. Siva Prasad Nutalapati ceased to be Director on 29 Aug 2018. Seetha Ramarao Kosaraju ceased to be Managing Director on 19 Dec 2017. Torus India has 6 board changes on record in total.