Varija Mineral Resources Private Limited
About Varija Mineral Resources Private Limited
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Varija Mineral Resources Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 18 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U74999AP2018PTC108210. Its GSTIN is 37AAGCV3872N1ZL (Andhra Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vishal Harikant Gopal and Ashok Roy.
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 C/O – Veeravali Sujatha 7 – 20 – 1/14 Flat 503 Surajya Krishna Tower, Visakhapatnam, Andhra Pradesh, India – 530017.
As per the financials filed for FY 2022, the company reported a revenue of ₹50,000, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.01 Lakh (net margin -201.7%) and EBITDA of -₹99,630 (EBITDA margin -199.3%). Revenue has declined at a compounded annual rate (CAGR) of 83% over three years.
Company details
Contact details
Varija Mineral Resources Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O – Veeravali Sujatha 7 – 20 – 1/14 Flat 503 Surajya Krishna Tower, Visakhapatnam, Andhra Pradesh, India – 530017
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Varija Mineral Resources 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 Varija Mineral Resources is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Varija Mineral Resources Private Limited, buy the company report.
Financials of Varija Mineral Resources Private Limited
FY 2022 filings availableVarija Mineral Resources Private Limited reported revenue of ₹50,000 (down 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 83% over three years. EBITDA rose 64% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹50,000 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹99,630 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.01 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -199.3% | |||
| Net Profit Margin | -201.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Varija Mineral Resources Private Limited, buy the company report.
Board of directors of Varija Mineral Resources Private Limited
Varija Mineral Resources has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Harikant Gopal Also directs: Aman Dredge and Dive Private Limited | Director | 18 Apr 2018 | 8 Years 6 Months | Current |
| Ashok Roy | Director | 18 Apr 2018 | 8 Years 6 Months | Current |
| Vishwanath Harikant | Director | 18 Apr 2018 | 8 Years 6 Months | Current |
| Raju Dutta Also directs: JK Mines Exploration Private Limited | Director | 18 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Varija Mineral Resources Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Proganic Herbs India Private Limited | ₹51,947 (FY 2023) | -97.0% | Chennai, Tamil Nadu, India | |||
| Varija Mineral Resources Private Limitedthis company | ₹50,000 (FY 2022) | -₹1.01 Lakh | -201.7% | -100.0% | Visakhapatnam, Andhra Pradesh, India | |
| Jaitra Steels Private Limited | ₹50,000 (FY 2025) | Hyderabad, Telangana, India | ||||
| Vulcan Impex Private Limited | ₹49,198 (FY 2025) | -99.0% | Mumbai, Maharashtra, India | |||
| Ashore Trading Private Limited | ₹48,750 (FY 2017) | Mumbai, Maharashtra, India |
To see the full peer comparison of Varija Mineral Resources Private Limited, buy the company report.
Auditor
Varija Mineral Resources Private Limited is audited by DESHKAR AND ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DESHKAR AND ASSOCIATES | FY 2021 | 138436W |
Shareholding
The shareholding of Varija Mineral Resources Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Varija Mineral Resources Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varija Mineral Resources 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 Varija Mineral Resources Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varija Mineral Resources has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAGCV3872N1ZL | Andhra Pradesh | Active | 04 May 2018 |
To see the full GST registrations and return filing status of Varija Mineral Resources Private Limited, buy the company report.
Recent activity
Varija Mineral Resources Private Limited has 4 board changes on record since 2018: 4 appointments. The latest: Ashok Roy was appointed as Director on 18 Apr 2018.
Frequently asked questions
Varija Mineral Resources is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 18 April 2018 (8+ years old) and is registered under CIN U74999AP2018PTC108210.
Varija Mineral Resources has 4 current directors:
- Vishal Harikant Gopal - Director
- Ashok Roy - Director
- Vishwanath Harikant - Director
- Raju Dutta - Director
The latest financial statements of Varija Mineral Resources on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Varija Mineral Resources is 37AAGCV3872N1ZL, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Varija Mineral Resources is U74999AP2018PTC108210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varija Mineral Resources was incorporated on 18 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Varija Mineral Resources by revenue are Proganic Herbs India Private Limited, Jaitra Steels Private Limited, Vulcan Impex Private Limited, Ashore Trading Private Limited, all in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Ashok Roy was appointed as Director on 18 Apr 2018. Raju Dutta was appointed as Director on 18 Apr 2018. Vishal Harikant Gopal was appointed as Director on 18 Apr 2018. Varija Mineral Resources has 4 board changes on record in total.
The registered office of Varija Mineral Resources is at CO – Veeravali Sujatha 7 – 20 – 114 Flat 503 Surajya Krishna Tower, Visakhapatnam, Andhra Pradesh, India – 530017.
Varija Mineral Resources operates in the metals and minerals industry, in the materials retail and distribution segment.
Varija Mineral Resources can be reached at its registered office: CO – Veeravali Sujatha 7 – 20 – 114 Flat 503 Surajya Krishna Tower, Visakhapatnam, Andhra Pradesh, India – 530017.