Varadha Steels Private Limited
About Varadha Steels Private Limited
Data last updated:
Varadha Steels Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 May 2010.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27100TN2010PTC075769. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹13 Cr. It is led by directors Kamal Anwar Babu (Managing Director) and Kamal Naveed Babu.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Old No15 New No.11 Big Street Kilpauk Garden, Chennai, Tamil Nadu, India – 600010.
As per the financials filed for FY 2015, the company reported a revenue of ₹14.75 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹14.67 Cr (net margin -99.4%) and EBITDA of -₹7.15 Cr (EBITDA margin -48.5%).
As per MCA filings, the company has open charges of ₹45 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
Company details
Contact details
Varadha Steels Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOld No15 New No.11 Big Street Kilpauk Garden, Chennai, Tamil Nadu, India – 600010
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Varadha Steels 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
Financials of Varadha Steels Private Limited
FY 2015 filings availableVaradha Steels Private Limited reported revenue of ₹14.75 Cr (down 66% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹14.75 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹7.15 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹14.67 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -48.5% |
| Net Profit Margin | -99.4% |
| 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 Varadha Steels Private Limited, buy the company report.
Board of directors of Varadha Steels Private Limited
Varadha Steels has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Anwar Babu Also directs: Roshan Company Private Limited | Managing Director | 20 May 2010 | 16 Years 5 Months | As last reported |
| Kamal Naveed Babu Also directs: Roshan Company Private Limited | Director | 20 May 2010 | 16 Years 5 Months | As last reported |
Auditor
Varadha Steels Private Limited is audited by P RAMANUJAM & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P RAMANUJAM & CO | FY 2015 | 002950S |
Shareholding
The shareholding of Varadha Steels Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Varadha Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2011 | 10284135 | Oriental Bank of Commerce | ₹45 Cr | Open |
To see the full charge records of Varadha Steels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Varadha Steels Private Limited has 4 court cases on record: 2 filed by Varadha Steels, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Civil suit | Filed against the company by M/S.Koyyah Sons Pte Limited | Pending |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S.Koyyah Sons Pte Limited | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Allwin Cargo Services, Rep by Its Partner R.Sureshkumar | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Varadha Steels Private 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 Varadha Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varadha Steels has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Varadha Steels Private Limited, buy the company report.
Recent activity
Varadha Steels Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Azeem Ahmed Avoor ceased to be Director on 01 Sep 2014.
Frequently asked questions
Varadha Steels is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Varadha Steels is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 May 2010 and is registered under CIN U27100TN2010PTC075769. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Varadha Steels has 2 current directors:
- Kamal Anwar Babu - Managing Director
- Kamal Naveed Babu - Director
The latest financial statements of Varadha Steels on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Varadha Steels is U27100TN2010PTC075769. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varadha Steels has open charges of ₹45 Cr and no satisfied charges on record as per latest MCA filings.
Varadha Steels has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Varadha Steels was incorporated on 20 May 2010. It is registered with the Registrar of Companies, Chennai.
Azeem Ahmed Avoor ceased to be Director on 01 Sep 2014. Kamal Anwar Babu was appointed as Managing Director on 20 May 2010. Kamal Naveed Babu was appointed as Director on 20 May 2010.
The registered office of Varadha Steels is at Old No15 New No.11 Big Street Kilpauk Garden, Chennai, Tamil Nadu, India – 600010.
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