V.I.R. Foods Limited
About V.I.R. Foods Limited
Data last updated:
V.I.R. Foods Limited is a public limited company based in Chandigarh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the staple foods and grains segment of the food and beverages sector. It was incorporated on 20 May 2005.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U15310CH2005PLC028446. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.76 Cr. It is led by directors including Mohit Dewan and Gazal Upveja.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Cabin No. 111 SCO 35 2nd Floor Sector 7C, Chandigarh, India – 160019.
As per the financials filed for FY 2021, the company reported a revenue of ₹9.12 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹24.33 Lakh (net margin -266.7%) and EBITDA of ₹6.87 Lakh (EBITDA margin 75.4%). Revenue has declined at a compounded annual rate (CAGR) of 81% over three years and 71% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹65.49 Cr and satisfied charges of ₹11.16 Cr on record. Court records list 52 cases involving the company, including 15 filed by the company and 37 filed against it; 13 cases are pending.
Company details
CIN history
V.I.R. Foods has one previous CIN (Corporate Identification Number): L15310CH2005PLC028446. The current CIN is U15310CH2005PLC028446, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15310CH2005PLC028446 | Current |
| L15310CH2005PLC028446 | Previous |
Contact details
V.I.R. Foods Limited's registered office is in Chandigarh, Chandigarh. Its e-mail address is in the company report.
- Email
- Registered AddressCabin No. 111 SCO 35 2nd Floor Sector 7C, Chandigarh, India – 160019
- IndustryFood and Beverages, Staple Foods & Grains
To see the full contact details of V.I.R. Foods 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 V.I.R. Foods is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of V.I.R. Foods Limited, buy the company report.
Financials of V.I.R. Foods Limited
FY 2021 filings availableV.I.R. Foods Limited reported revenue of ₹9.12 Lakh (down 44% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 71% over five years, including a 44% fall in the latest year. EBITDA fell 34% 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 |
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| EBITDA | ₹6.87 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹24.33 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 75.4% | ||||
| Net Profit Margin | -266.7% | ||||
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To see the full financial statements and ratios of V.I.R. Foods Limited, buy the company report.
Board of directors of V.I.R. Foods Limited
V.I.R. Foods has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Dewan Also directs: A3g Warehousing Private Limited | Director | 20 May 2005 | 21 Years 5 Months | As last reported |
| Gazal Upveja | Director | 20 May 2013 | 13 Years 5 Months | As last reported |
| Anup Sood Also directs: Yogakshem Insolvency Professionals LLP | Irp/Rp/Liquidator | 15 Sep 2023 | 3 Years 1 Months | As last reported |
| Kamal Kant Dewan Also directs: White Water Foods Private Limited, Arin Developers Private Limited, Dewan Holdings Private Limited and 1 more | Director | 20 May 2005 | 21 Years 5 Months | As last reported |
Auditor
V.I.R. Foods Limited is audited by R A V & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R A V & ASSOCIATES | FY 2020 | 021000N |
Shareholding
The shareholding of V.I.R. Foods Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of V.I.R. Foods Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2017 | 100112443 | Others | ₹4.55 Cr | Open | |
| 29 Jun 2015 | 10579707 | Punjab National Bank | ₹4.2 Cr | Open | |
| 29 Jun 2015 | 10579705 | Punjab National Bank | ₹3.57 Cr | Open | |
| 14 Nov 2014 | 10536436 | Punjab National Bank | ₹18 Lakh | Open | |
| 03 Feb 2014 | 10485156 | Punjab National Bank | ₹8 Cr | Open |
To see the full charge records of V.I.R. Foods Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
V.I.R. Foods Limited has 52 court cases on record: 15 filed by V.I.R. Foods, 37 filed against it. 13 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 30 | 9 |
| NCLAT | 6 | 2 | 4 |
| High courts | 5 | 2 | 0 |
| Supreme Court | 4 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 52)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed by the company against White Water Hospitality Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against White Water Hospitality Pvt. Ltd. and 3 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against 1. White Water Hospitality Private Limited Through Its Directors and 3 others | Pending |
| District court, Chandigarh | Civil miscellaneous application | Filed against the company by National Spot Exchange Limited | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed against the company by While Water Foods Private Limited | Pending |
To see the full case history of V.I.R. Foods 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.
Credit ratings & regulatory alerts
V.I.R. Foods Limited was last rated by Icra on 24 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 Apr 2020 |
To see the full credit ratings and regulatory alerts of V.I.R. Foods Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for V.I.R. Foods Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
V.I.R. Foods Limited has a workforce of 3 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
V.I.R. Foods 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 V.I.R. Foods Limited, buy the company report.
Recent activity
V.I.R. Foods Limited has 8 board changes on record since 2005: 4 appointments and 4 cessations. The latest: Adesh Kumar Singla ceased to be Irp/Rp/Liquidator on 15 Sep 2023.
27 earlier events are in the company report.
Frequently asked questions
V.I.R. Foods is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
V.I.R. Foods is a company under insolvency, formerly operating as a public limited company based in Chandigarh, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 20 May 2005 and is registered under CIN U15310CH2005PLC028446. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
V.I.R. Foods has 4 current directors:
- Mohit Dewan - Director
- Gazal Upveja - Director
- Kamal Kant Dewan - Director
- Anup Sood - Irp/Rp/Liquidator
The latest financial statements of V.I.R. Foods on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of V.I.R. Foods is U15310CH2005PLC028446. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
V.I.R. Foods has open charges of ₹65.49 Cr and satisfied charges of ₹11.16 Cr as per latest MCA filings.
V.I.R. Foods has 52 court cases on record: 15 filed by the company and 37 filed against it. 13 are pending. Most are in the district courts.
V.I.R. Foods was incorporated on 20 May 2005. It is registered with the Registrar of Companies, Chandigarh.
Adesh Kumar Singla ceased to be Irp/Rp/Liquidator on 15 Sep 2023. Anup Sood was appointed as Irp/Rp/Liquidator on 15 Sep 2023. Gazal Upveja ceased to be Additional Director on 30 Sep 2013. V.I.R. Foods has 8 board changes on record in total.
The registered office of V.I.R. Foods is at Cabin No. 111 SCO 35 2nd Floor Sector 7C, Chandigarh, India – 160019.
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