Varun Watches Private Limited
About Varun Watches Private Limited
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Varun Watches Private Limited is a private limited company based in Delhi, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 01 April 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51394DL2005PTC134634. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹13.3 Lakh. It is led by directors Sonia Madan and Rajesh Madaan.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 82 New Lajpat Rai Market Chandani Chowk, Delhi, India – 110006.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.03 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹29.56 Lakh (net margin -14.5%) and EBITDA of -₹5.79 Lakh (EBITDA margin -2.8%).
As per MCA filings, the company has open charges of ₹3.1 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Varun Watches Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address82 New Lajpat Rai Market Chandani Chowk, Delhi, India – 110006
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Varun Watches 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 Varun Watches 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 Varun Watches Private Limited, buy the company report.
Financials of Varun Watches Private Limited
FY 2016 filings availableVarun Watches Private Limited reported revenue of ₹2.03 Cr (down 72% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 72% in the latest year. EBITDA fell 115% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹2.03 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹5.79 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹29.56 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -2.8% | |
| Net Profit Margin | -14.5% | |
| 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 Varun Watches Private Limited, buy the company report.
Board of directors of Varun Watches Private Limited
Varun Watches has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sonia Madan | Director | 01 Apr 2005 | 21 Years 7 Months | Current |
| Rajesh Madaan | Director | 01 Apr 2005 | 21 Years 7 Months | Current |
Auditor
Varun Watches Private Limited is audited by B D GUPTA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B D GUPTA & ASSOCIATES | FY 2016 | 016041N |
Shareholding
The shareholding of Varun Watches Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Varun Watches Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2010 | 10254574 | Oriental Bank of Commerce | ₹1.55 Cr | Open | |
| 22 Oct 2010 | 10254564 | Oriental Bank of Commerce | ₹1.55 Cr | Open |
To see the full charge records of Varun Watches Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Varun Watches Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shahdara, Delhi | Interim or miscellaneous application | Filed against the company by Ms Indian Overseas Co.P Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by KDDL Ltd | Disposed |
To see the full case history of Varun Watches 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 Varun Watches Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varun Watches 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 Varun Watches Private Limited, buy the company report.
Recent activity
Varun Watches Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Rajesh Madaan was appointed as Director on 01 Apr 2005.
Frequently asked questions
Varun Watches is an active private limited company based in Delhi, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 01 April 2005 (21+ years old) and is registered under CIN U51394DL2005PTC134634.
Varun Watches has 2 current directors:
- Sonia Madan - Director
- Rajesh Madaan - Director
The latest financial statements of Varun Watches on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Varun Watches has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Varun Watches is U51394DL2005PTC134634. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Watches has 3 court cases on record: 3 filed against it.
Varun Watches was incorporated on 01 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Delhi.
Rajesh Madaan was appointed as Director on 01 Apr 2005. Sonia Madan was appointed as Director on 01 Apr 2005.
The registered office of Varun Watches is at 82 New Lajpat Rai Market Chandani Chowk, Delhi, India – 110006.
Varun Watches operates in the consumer goods industry, in the accessories retail and distribution segment.
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