Varma Brokerages Private Limited
About Varma Brokerages Private Limited
Data last updated:
Varma Brokerages Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 10 June 1997.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U67190WB1997PTC084584.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was led by directors Sudeep Varma (Managing Director) and Sarat Kumar Varma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 13 July 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 1 R N Mukherjee Road5Th Floor Room No – 43, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2021, the company reported a revenue of ₹52.07 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹26.62 Lakh (net margin 51.1%) and EBITDA of ₹28.58 Lakh (EBITDA margin 54.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Varma Brokerages Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address1 R N Mukherjee Road5Th Floor Room No – 43, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Varma Brokerages 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 Varma Brokerages is financial and insurance service. In detail, this covers other financial activities and financial advisory, brokerage and consultancy services. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | |
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Varma Brokerages Private Limited, buy the company report.
Financials of Varma Brokerages Private Limited
FY 2021 filings availableVarma Brokerages Private Limited reported revenue of ₹52.07 Lakh (up 5% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 13% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹52.07 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.62 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.9% | ||||
| Net Profit Margin | 51.1% | ||||
| 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 Varma Brokerages Private Limited, buy the company report.
Board of directors of Varma Brokerages Private Limited
Varma Brokerages has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarat Kumar Varma | Whole-Time Director | 06 Jul 2006 | 20 Years 4 Months | As last reported |
| Sudeep Varma | Managing Director | 10 Jun 1997 | 29 Years 5 Months | As last reported |
Auditor
Varma Brokerages Private Limited is audited by K G GARG & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K G GARG & CO | FY 2020 | 322555E |
Shareholding
The shareholding of Varma Brokerages Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Varma Brokerages Private Limited, buy the company report.
Legal cases
Varma Brokerages Private Limited has 1 court case on record: 1 filed by Varma Brokerages. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Varma Brokerages 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 Varma Brokerages Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Varma Brokerages Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varma Brokerages Private Limited has 3 board changes on record since 1997: 2 appointments and 1 cessation. The latest: Sujata Varma ceased to be Director on 23 Feb 2021.
Frequently asked questions
Varma Brokerages has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Varma Brokerages was a private limited company based in Kolkata, West Bengal, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 10 June 1997 and is registered under CIN U67190WB1997PTC084584. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Varma Brokerages was incorporated on 10 June 1997. It is registered with the Registrar of Companies, Kolkata.
Varma Brokerages had 2 directors:
- Sudeep Varma - Managing Director
- Sarat Kumar Varma - Whole-Time Director
The CIN (Corporate Identification Number) of Varma Brokerages is U67190WB1997PTC084584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Varma Brokerages is at 1 R N Mukherjee Road5Th Floor Room No – 43, Kolkata, West Bengal, India – 700001.
The latest financial statements of Varma Brokerages on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 13 July 2021. Year-wise statements from 2015 are in the company report.
Varma Brokerages operated in the financial services industry, in the brokerage and trading services segment.
Varma Brokerages has 1 court case on record: 1 filed by the company.
Sujata Varma ceased to be Director on 23 Feb 2021. Sarat Kumar Varma was appointed as Whole-Time Director on 06 Jul 2006. Sudeep Varma was appointed as Managing Director on 10 Jun 1997.
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