Virgo Cements Limited
About Virgo Cements Limited
Data last updated:
Virgo Cements Limited is a public limited company based in Meghalaya, 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 cement and cement products segment of the manufacturing sector. It was incorporated on 06 August 1986.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U26942ML1986PLC002570. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.42 Cr. It is led by directors including Sambhu Kumar Dhanuka and Rabi Jain.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Damas East Garo Hills, Meghalaya, India – 793122.
As per the financials filed for FY 2016, the company reported a revenue of ₹5.89 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net loss of ₹7.44 Cr (net margin -126.4%) and EBITDA of -₹2.43 Cr (EBITDA margin -41.2%).
As per MCA filings, the company has open charges of ₹46.41 Cr and satisfied charges of ₹1.77 Cr on record. Court records list 11 cases involving the company, including 2 filed by the company and 9 filed against it. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹16.88 Cr; the latest was in March 2015.
Company details
CIN history
Virgo Cements has one previous CIN (Corporate Identification Number): U26942ML1986PTC002570. The current CIN is U26942ML1986PLC002570, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26942ML1986PLC002570 | Current |
| U26942ML1986PTC002570 | Previous |
Contact details
Virgo Cements Limited's registered office is in Meghalaya. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDamas East Garo Hills, Meghalaya, India – 793122
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Virgo Cements 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 Virgo Cements is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Virgo Cements Limited, buy the company report.
Financials of Virgo Cements Limited
FY 2018 filings availableVirgo Cements Limited reported revenue of ₹5.89 Cr (up 37% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 37% in the latest year. EBITDA rose 60% 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 | ₹5.89 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹2.43 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹7.44 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -41.2% | |
| Net Profit Margin | -126.4% | |
| 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 Virgo Cements Limited, buy the company report.
Board of directors of Virgo Cements Limited
Virgo Cements has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mati Lal Kalita | Additional Director | 15 Feb 2019 | 7 Years 8 Months | As last reported |
| Sambhu Kumar Dhanuka Also directs: Simsang Lime Products Private Limited, Billennium Cements Limited, Greystone Ispat Limited and 2 more | Director | 03 Sep 2016 | 10 Years 1 Months | As last reported |
| Rabi Jain | Director | 06 Aug 1986 | 40 Years 2 Months | As last reported |
| Kannan Tiruvengadam Also directs: Rhino Ventures Private Limited, Lsi Resolution Private Limited | Irp/Rp/Liquidator | 17 Jan 2024 | 2 Years 9 Months | As last reported |
Auditor
Virgo Cements Limited is audited by H.S. KHUMBHAT & CO. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.S. KHUMBHAT & CO. | FY 2016 | 304110E |
Shareholding
The shareholding of Virgo Cements Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Virgo Cements Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2010 | 10218241 | Indian Bank | ₹5.88 Cr | Open | |
| 17 Dec 2008 | 10194402 | Punjab National Bank | ₹19.65 Cr | Open | |
| 17 Dec 2008 | 10202468 | Punjab National Bank | ₹20 Cr | Open | |
| 25 Sep 1989 | 90265470 | Industrial Finance Corp. of India | ₹63 Lakh | Open | |
| 28 Sep 1988 | 90265439 | Industrial Finance Corp. of India | ₹25 Lakh | Open |
To see the full charge records of Virgo Cements Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Virgo Cements Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹16.88 Cr; the latest was in March 2015.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Billennium Cements Limited , CMJ Holdings Limited , 2 individuals Seller: Simsang Lime Products Private Limited, an individual |
| Mar 2014 | Funding round | ₹1.99 Cr | Investors: Simsang Lime Products Private Limited |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Simsang Lime Products Private Limited, 2 individuals Seller: Billennium Cements Limited , CMJ Holdings Limited , 2 individuals |
| Mar 2012 | Funding round | ₹10.35 Cr | Investors: Billennium Cements Limited , Simsang Lime Products Private Limited |
| Mar 2010 | Funding round | ₹4.36 Cr | Investors: Alpha Millennium Foods Limited, 3 individuals |
To see the full deal history of Virgo Cements Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Virgo Cements Limited has 11 court cases on record: 2 filed by Virgo Cements, 9 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 5 | 0 |
| District courts | 4 | 4 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kamrup Metro, Assam | Court case (Complaint Case C.R.) | Filed against the company by Ifci Limited | Disposed |
| District court, Kamrup Metro, Assam | Court case (Complaint Case C.R.) | Filed against the company by H D F C Bank Ltd | Disposed |
| High Court | Arbitration matter | Filed against the company by L & T Finance Ltd | Disposed |
| District court, Kamrup Metro, Assam | Court case (Death Case( M A C T )) | Filed against the company by an individual | Disposed |
| High Court, MEGHALAYA | Court case (MC(CRP)) | Filed against the company by Punjab National Bank and 2 Ors. A Ganguli, Mr. BK Das,I Kongwang | Disposed |
To see the full case history of Virgo Cements 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
Virgo Cements Limited was last rated by Crisil on 08 Dec 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 08 Dec 2016 |
To see the full credit ratings and regulatory alerts of Virgo Cements Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Virgo Cements Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Virgo Cements has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Virgo Cements Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Virgo Cements has 4 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 Virgo Cements Limited, buy the company report.
Recent activity
Virgo Cements Limited has 12 board changes on record since 1986: 4 appointments and 8 cessations. The latest: Kannan Tiruvengadam was appointed as Irp/Rp/Liquidator on 17 Jan 2024.
24 earlier events are in the company report.
Frequently asked questions
Virgo Cements 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.
Virgo Cements is a company under insolvency, formerly operating as a public limited company based in Meghalaya, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 06 August 1986 and is registered under CIN U26942ML1986PLC002570. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Virgo Cements has 4 current directors:
- Mati Lal Kalita - Additional Director
- Sambhu Kumar Dhanuka - Director
- Rabi Jain - Director
- Kannan Tiruvengadam - Irp/Rp/Liquidator
The latest financial statements of Virgo Cements on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Virgo Cements is U26942ML1986PLC002570. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virgo Cements has open charges of ₹46.41 Cr and satisfied charges of ₹1.77 Cr as per latest MCA filings.
Virgo Cements has 11 court cases on record: 2 filed by the company and 9 filed against it. Most are in the high courts.
Virgo Cements was incorporated on 06 August 1986. It is registered with the Registrar of Companies, Guwahati.
Virgo Cements has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹16.88 Cr; the latest was in March 2015.
Kannan Tiruvengadam was appointed as Irp/Rp/Liquidator on 17 Jan 2024. Aditya Jain ceased to be Director on 15 Feb 2019. Mati Lal Kalita was appointed as Additional Director on 15 Feb 2019. Virgo Cements has 12 board changes on record in total.