About Varanasi Auto Sales Limited
Data last updated:
Varanasi Auto Sales Limited is a public limited company based in Uttar Pradesh, 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 automobile dealership and trading segment of the automotive sector. It was incorporated on 30 May 1977.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U25112UP1977PLC004427. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹32.2 Lakh. It was formerly known as Varanasi Auto Sales Pvt Limited. It is led by directors including Amit Gupta (Managing Director) and Vijayee Yadav.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at G T Roadalipur Varanasi, Uttar Pradesh, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹6.4 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹47.47 Lakh (net margin -7.4%) and EBITDA of -₹82.97 Lakh (EBITDA margin -13%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years.
The company has about 117 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Varanasi Auto Sales. As per MCA filings, the company has open charges of ₹43.32 Cr and satisfied charges of ₹14.74 Cr on record. Court records list 50 cases involving the company, including 15 filed by the company and 35 filed against it; 8 cases are pending.
The last known website on record is varanasiauto.com.
Company details
Contact details
Varanasi Auto Sales Limited's registered office is in Uttar Pradesh. Its website is varanasiauto.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG T Roadalipur Varanasi, Uttar Pradesh, India
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Varanasi Auto Sales 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
Brands
Varanasi Auto Sales operates one associated brand: Varanasi Auto Sales. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Dealer of Tata Motors commercial vehicles in Eastern Uttar Pradesh regions. | varanasiautosales.in |
Business activity
The main business activity of Varanasi Auto Sales is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Varanasi Auto Sales Limited, buy the company report.
Financials of Varanasi Auto Sales Limited
FY 2018 filings availableVaranasi Auto Sales Limited reported revenue of ₹6.4 Cr (down 62% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over three years, including a 62% fall in the latest year. EBITDA rose 94% 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 | ||||
| Other Income | ||||
| Total Revenue | ₹6.4 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹82.97 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹47.47 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -13% | |||
| Net Profit Margin | -7.4% | |||
| 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 Varanasi Auto Sales Limited, buy the company report.
Board of directors of Varanasi Auto Sales Limited
Varanasi Auto Sales has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijayee Yadav | Director | 01 May 2007 | 19 Years 6 Months | As last reported |
| Prabhu Ji Nagar | Director | 31 Mar 2004 | 22 Years 7 Months | As last reported |
| Amit Gupta Also directs: Jans Exports LLP, Asp Infraworld LLP | Managing Director | 01 Mar 1999 | 27 Years 8 Months | As last reported |
Peer comparison
Varanasi Auto Sales Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto, Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nam Motors Private Limited | ₹6.42 Cr (FY 2024) | -20.0% | Siliguri, West Bengal, India | |||
| Ays Motors Private Limited | ₹6.41 Cr (FY 2017) | -18.0% | Bhopal, Madhya Pradesh, India | |||
| Varanasi Auto Sales Limitedthis company | ₹6.4 Cr (FY 2018) | -₹47.47 Lakh | -7.4% | -62.0% | 117 | Uttar Pradesh, India |
| Sarwamangla Sales & Services Private Limited | ₹6.38 Cr (FY 2017) | -11.0% | Bilaspur, Chhattisgarh, India |
To see the full peer comparison of Varanasi Auto Sales Limited, buy the company report.
Auditor
Varanasi Auto Sales Limited is audited by SINGH BAJPAI & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGH BAJPAI & ASSOCIATES | FY 2018 | 004698C |
Shareholding
The shareholding of Varanasi Auto Sales Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Varanasi Auto Sales Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2013 | 10411503 | State Bank of India | ₹24.72 Cr | Open | |
| 09 Jul 2011 | 10304308 | Punjab National Bank | ₹99.9 Lakh | Open | |
| 26 Mar 2010 | 10217262 | Others | ₹17.6 Cr | Open | |
| 19 Jan 2012 | 10332386 | Small Industries Development Bank of India | ₹75 Lakh | Satisfied | |
| 13 Sep 2011 | 10306150 | Small Industries Development Bank of India | ₹2 Cr | Satisfied |
To see the full charge records of Varanasi Auto Sales Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Varanasi Auto Sales Limited has 50 court cases on record: 15 filed by Varanasi Auto Sales, 35 filed against it. 8 cases are pending and 42 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 29 | 21 | 2 |
| District courts | 10 | 10 | 5 |
| Supreme Court | 6 | 4 | 1 |
| NCLT | 5 | 0 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rewa, Madhya Pradesh | Court case (MACC) | Filed against the company by individuals | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Tata Motors Financesolutions Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Financial Service Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Tata Motors Finance Solutions | Pending |
| Allahabad High Court | Court case (SAPLD) | Filed against the company | Pending |
To see the full case history of Varanasi Auto Sales 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 Varanasi Auto Sales Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varanasi Auto Sales Limited has a workforce of 117 employees on its EPFO records as of Nov 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 117 |
| FY 2016-17 |
To see the full employee and EPFO history of Varanasi Auto Sales Limited, buy the company report.
GST
Varanasi Auto Sales 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 Varanasi Auto Sales Limited, buy the company report.
Recent activity
Varanasi Auto Sales Limited has 3 board changes on record since 1999: 3 appointments. The latest: Vijayee Yadav was appointed as Director on 01 May 2007.
17 earlier events are in the company report.
Frequently asked questions
Varanasi Auto Sales 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.
Varanasi Auto Sales is a company under liquidation, formerly operating as a public limited company based in Uttar Pradesh, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 30 May 1977 and is registered under CIN U25112UP1977PLC004427. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Varanasi Auto Sales has 3 current directors:
- Amit Gupta - Managing Director
- Vijayee Yadav - Director
- Prabhu Ji Nagar - Director
The latest financial statements of Varanasi Auto Sales on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Varanasi Auto Sales is U25112UP1977PLC004427. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varanasi Auto Sales has open charges of ₹43.32 Cr and satisfied charges of ₹14.74 Cr as per latest MCA filings.
Varanasi Auto Sales has 50 court cases on record: 15 filed by the company and 35 filed against it. 8 are pending. Most are in the high courts.
Varanasi Auto Sales was incorporated on 30 May 1977. It is registered with the Registrar of Companies, Kanpur.
The peers of Varanasi Auto Sales by revenue are Nam Motors Private Limited, Ays Motors Private Limited, Sarwamangla Sales & Services Private Limited, all in the Automobiles industry (Auto, Auto and Components Dealers), with the same principal business activity (retail trading).
Vijayee Yadav was appointed as Director on 01 May 2007. Prabhu Ji Nagar was appointed as Director on 31 Mar 2004. Amit Gupta was appointed as Managing Director on 01 Mar 1999.
Varanasi Auto Sales can be reached through the website varanasiauto.com. Its registered office is in Uttar Pradesh, India.
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