Varad Fabrics Private Limited
About Varad Fabrics Private Limited
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Varad Fabrics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 12 October 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH2000PTC129124. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shantanu Madhav Agasti and Rahul Madhav Agasti.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Aryston Centre Juhu Rd Nextt To J – 49 Club Juhu, Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2019, the company reported a revenue of ₹6.63 Lakh, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹1.26 Lakh (net margin -19%) and EBITDA of -₹9.21 Lakh (EBITDA margin -139%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 31% over five years.
As per MCA filings, the company has open charges of ₹2.89 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressAryston Centre Juhu Rd Nextt To J – 49 Club Juhu, Mumbai, Maharashtra, India – 400049
- IndustryFashion and Textile, Designer & Branded Fashion
- 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
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Financials of Varad Fabrics Private Limited FY 2022 filings available
Varad Fabrics Private Limited reported revenue of ₹6.63 Lakh (down 65% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Varad Fabrics Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 65% fall 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 of Varad Fabrics Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹6.63 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹9.21 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.26 Lakh | •••• | •••• | •••• | •••• |
| 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 of Varad Fabrics Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -139% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -19% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Varad Fabrics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Varad Fabrics Private Limited
Varad Fabrics Private Limited is audited by A S N A J & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A S N A J & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Varad Fabrics Private Limited
Varad Fabrics has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shantanu Madhav Agasti | Director | 31 Dec 2001 | 24 Years 9 Months | Current |
| Rahul Madhav Agasti Also directs: Varad Apparels Private Limited, Varad Fashions Private Limited | Director | 31 Dec 2001 | 24 Years 9 Months | Current |
| Mrunal Madhav Agasti Also directs: Varad Apparels Private Limited, Varad Fashions Private Limited | Director | 12 Oct 2000 | 25 Years 11 Months | Current |
| Madhav Laxman Agasti | Director | 12 Oct 2000 | 25 Years 11 Months | Current |
Ownership and Shareholding of Varad Fabrics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Varad Fabrics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2024 | Others | ₹2.89 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Varad Fabrics Private Limited
Employment history and EPFO contributions of people linked to Varad Fabrics.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Varad Fabrics Private Limited
Varad Fabrics Private Limited has 4 board changes on record since 2000: 4 appointments. The latest: Rahul Madhav Agasti was appointed as Director on 31 Dec 2001.
Credit Ratings, Litigation & Regulatory Alerts for Varad Fabrics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Varad Fabrics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Varad Fabrics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Varad Fabrics Private Limited
Varad Fabrics has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Varad Fabrics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Varad Fabrics Private Limited
Varad Fabrics is an active private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 12 October 2000 (26+ years old) and is registered under CIN U18101MH2000PTC129124.
Varad Fabrics reported revenue of ₹6.63 Lakh for FY 2019 (down 65% YoY).
Varad Fabrics has 4 current directors:
- Shantanu Madhav Agasti - Director
- Rahul Madhav Agasti - Director
- Mrunal Madhav Agasti - Director
- Madhav Laxman Agasti - Director
Varad Fabrics reported a net loss of ₹1.26 Lakh (net margin -19%) and EBITDA of -₹9.21 Lakh (EBITDA margin -139%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varad Fabrics is -50% over three years and -31% over five years. In the latest year (FY 2019) revenue fell 65%. CAGR is the steady yearly rate that links the first and the last year.
No. Varad Fabrics has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Varad Fabrics is U18101MH2000PTC129124. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varad Fabrics was incorporated on 12 October 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Rahul Madhav Agasti was appointed as Director on 31 Dec 2001. Shantanu Madhav Agasti was appointed as Director on 31 Dec 2001. Madhav Laxman Agasti was appointed as Director on 12 Oct 2000. Varad Fabrics has 4 board changes on record in total.
The registered office of Varad Fabrics is at Aryston Centre Juhu Rd Nextt To J – 49 Club Juhu, Mumbai, Maharashtra, India – 400049.