About Varroc Exhaust Systems Private Limited
Data last updated:
Varroc Exhaust Systems Private Limited was a private limited company based in Aurangabad, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 03 March 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U29100MH2005PTC151756. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.96 Cr. It was led by directors Naresh Chandra and Tarang Naresh Jain.
Its last annual general meeting (AGM) was held on 07 August 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at C/O Varroc Engineering Pvt Ltde – 4 Waluj MIDC, Aurangabad, Maharashtra, India – 431136.
As per the financials filed for FY 2015, the company reported a revenue of ₹30.79 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹1.05 Cr (net margin 3.4%) and EBITDA of ₹1.64 Cr (EBITDA margin 5.3%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years.
As per MCA filings, the company had satisfied charges of ₹5.12 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
The last known website on record is varrocgroup.com.
Company details
Contact details
Varroc Exhaust Systems Private Limited's registered office is in Aurangabad, Maharashtra. Its website is varrocgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O Varroc Engineering Pvt Ltde – 4 Waluj MIDC, Aurangabad, Maharashtra, India – 431136
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Varroc Exhaust Systems 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 Varroc Exhaust Systems Private Limited
FY 2015 filings availableVarroc Exhaust Systems Private Limited reported revenue of ₹30.79 Cr (down 42% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over three years, including a 42% fall in the latest year. EBITDA fell 51% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹30.79 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹1.64 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹1.05 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 | 5.3% |
| Net Profit Margin | 3.4% |
| 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 Varroc Exhaust Systems Private Limited, buy the company report.
Board of directors of Varroc Exhaust Systems Private Limited
Varroc Exhaust Systems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Chandra | Director | 03 Mar 2005 | 21 Years 8 Months | As last reported |
| Tarang Naresh Jain | Director | 03 Mar 2005 | 21 Years 8 Months | As last reported |
Auditor
Varroc Exhaust Systems Private Limited is audited by S S KOTHARI MEHTA & COMPANY for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S KOTHARI MEHTA & COMPANY | FY 2015 | 000756N |
Shareholding
The shareholding of Varroc Exhaust Systems Private Limited is on record for FY 2015, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public |
To see the full shareholding pattern of Varroc Exhaust Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2005 | 80050453 | The Saraswat Co-Operative Bank Limited | ₹3.62 Cr | Satisfied | |
| 05 Aug 2005 | 80004242 | The Saraswat Co-Operative Bank Ltd. | ₹1.5 Cr | Satisfied |
To see the full charge records of Varroc Exhaust Systems Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Varroc Exhaust Systems Private Limited has 3 court cases on record: 2 filed by Varroc Exhaust Systems, 1 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (OLR) | Filed against the company by The Official Liquidator High Court Bombay | Pending |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Varroc Exhaust Systems 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 Varroc Exhaust Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varroc Exhaust Systems 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 Varroc Exhaust Systems Private Limited, buy the company report.
Recent activity
Varroc Exhaust Systems Private Limited has 5 board changes on record since 2005: 2 appointments and 3 cessations. The latest: Ravinder Kumar ceased to be Additional Director on 15 Jul 2015.
1 earlier event is in the company report.
News
Frequently asked questions
Varroc Exhaust Systems has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Varroc Exhaust Systems was a private limited company based in Aurangabad, Maharashtra, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 03 March 2005 and is registered under CIN U29100MH2005PTC151756. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Varroc Exhaust Systems was incorporated on 03 March 2005. It is registered with the Registrar of Companies, Mumbai.
Varroc Exhaust Systems had 2 directors:
- Naresh Chandra - Director
- Tarang Naresh Jain - Director
The CIN (Corporate Identification Number) of Varroc Exhaust Systems is U29100MH2005PTC151756. 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 Varroc Exhaust Systems is at CO Varroc Engineering Pvt Ltde – 4 Waluj MIDC, Aurangabad, Maharashtra, India – 431136.
Varroc Exhaust Systems can be reached through the website varrocgroup.com. Its registered office is in Aurangabad, Maharashtra, India.
The latest financial statements of Varroc Exhaust Systems on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 07 August 2015. Year-wise statements from 2015 are in the company report.
No. Varroc Exhaust Systems has 2 GST registrations on record and all of them are cancelled or inactive.
Varroc Exhaust Systems operated in the automotive industry, in the auto parts and components segment.
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