Varad Machining Private Limited
About Varad Machining Private Limited
Data last updated:
Varad Machining Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 29 October 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U34300PN1998PTC012990. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹37.7 Lakh. It is led by directors Suresh Bajirao Alhat and Shivraj Ravindra Kedari.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Flat No.F 1/16 Lakshadweep Plot No.75 Pcntda Benz Rd Bhosari, Pune, Maharashtra, India – 411026.
As per the financials filed for FY 2019, the company reported a revenue of ₹8.25 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net profit of ₹50,365 (net margin 6.1%) and EBITDA of ₹1.69 Lakh (EBITDA margin 20.5%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 22% over five years.
As per MCA filings, the company has open charges of ₹2.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varad Machining Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No.F 1/16 Lakshadweep Plot No.75 Pcntda Benz Rd Bhosari, Pune, Maharashtra, India – 411026
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Varad Machining Private 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
Business activity
The main business activity of Varad Machining is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Varad Machining Private Limited, buy the company report.
Financials of Varad Machining Private Limited
FY 2019 filings availableVarad Machining Private Limited reported revenue of ₹8.25 Lakh (down 64% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 64% fall in the latest year. EBITDA fell 42% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹8.25 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹50,365 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.5% | ||||
| Net Profit Margin | 6.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Varad Machining Private Limited, buy the company report.
Board of directors of Varad Machining Private Limited
Varad Machining has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Bajirao Alhat | Director | 29 Oct 1998 | 28 Years 0 Months | Current |
| Shivraj Ravindra Kedari Also directs: Elite Aac Block LLP | Director | 30 Jun 2005 | 21 Years 4 Months | Current |
Auditor
Varad Machining Private Limited is audited by N. SRINIVASAN & CO. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. SRINIVASAN & CO. | FY 2019 |
Shareholding
The shareholding of Varad Machining Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varad Machining Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2001 | 90085909 | The Ajara Orban Co-Op Bank Ltd | ₹2.5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Varad Machining Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varad Machining Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varad Machining has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Varad Machining Private Limited, buy the company report.
Recent activity
Varad Machining Private Limited has 8 board changes on record since 1998: 2 appointments and 6 cessations. The latest: Chandrakant Shankar Butale ceased to be Director on 13 Aug 2008.
Frequently asked questions
Varad Machining is an active private limited company based in Pune, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 29 October 1998 (28+ years old) and is registered under CIN U34300PN1998PTC012990.
Varad Machining has 2 current directors:
- Suresh Bajirao Alhat - Director
- Shivraj Ravindra Kedari - Director
The latest financial statements of Varad Machining on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Varad Machining has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Varad Machining is U34300PN1998PTC012990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varad Machining was incorporated on 29 October 1998, making it 28+ years old. It is registered with the Registrar of Companies, Pune.
Chandrakant Shankar Butale ceased to be Director on 13 Aug 2008. Kalpana Sunil Bhat ceased to be Director on 13 Aug 2008. Nitin Anandrao Vedante ceased to be Director on 13 Aug 2008. Varad Machining has 8 board changes on record in total.
The registered office of Varad Machining is at Flat No.F 116 Lakshadweep Plot No.75 Pcntda Benz Rd Bhosari, Pune, Maharashtra, India – 411026.
Varad Machining operates in the machinery and equipment industry, in the industrial tools and components segment.
Varad Machining has open charges of ₹2.5 Lakh and no satisfied charges on record as per latest MCA filings.
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