About Visa Bao Limited
Data last updated:
Visa Bao Limited was a public limited company based in Bhubaneswar, Odisha, India, operated as a subsidiary of Visa Steel Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 February 2008.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN U27101OR2008PLC009790. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹92 Cr and a paid-up capital of ₹91 Cr. It was led by directors including Manoj Kumar (Managing Director) and Xuerong Zheng.
Its last annual general meeting (AGM) was held on 08 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Visahouse 11 Ekamarakanan Nayapalli, Bhubaneswar, Odisha, India – 751015.
As per the financials filed for FY 2016, the company reported a revenue of ₹17.38 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹17.54 Cr (net margin -101%) and EBITDA of ₹15.53 Cr (EBITDA margin 89.4%).
The company had about 3 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹294.69 Cr and satisfied charges of ₹80 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 1 deal on record (1 acquisition); the latest was in July 2014.
The last known website on record is visasteel.com.
Company details
Contact details
Visa Bao Limited's registered office is in Bhubaneswar, Odisha. Its website is visasteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVisahouse 11 Ekamarakanan Nayapalli, Bhubaneswar, Odisha, India – 751015
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Visa Bao 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 Visa Bao is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Visa Bao Limited, buy the company report.
Financials of Visa Bao Limited
FY 2016 filings availableVisa Bao Limited reported revenue of ₹17.38 Cr (down 1% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. EBITDA fell 3% 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 | ₹17.38 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹15.53 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹17.54 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 | 89.4% | |
| Net Profit Margin | -101% | |
| 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 Visa Bao Limited, buy the company report.
Board of directors and KMP of Visa Bao Limited
Visa Bao Limited currently reports 8 directors and 2 key managerial personnel. 24 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yu Yunsheng | Additional Director | 11 Nov 2016 | 10 Years 0 Months | As last reported |
| Kishore Kumar Mehrotra Also directs: Universal Cables Limited | Additional Director | 28 Nov 2016 | 9 Years 11 Months | As last reported |
| Xuerong Zheng | Director | 23 May 2012 | 14 Years 5 Months | As last reported |
| Ranjan Mishra Also directs: B C Mohanty and Sons Pvt Ltd, BCM Coke Private Limited | Director | 24 Jan 2015 | 11 Years 9 Months | As last reported |
| Vishambhar Saran | Director | 01 Feb 2008 | 18 Years 9 Months | As last reported |
| Manoj Kumar Also directs: Visa Chrome Limited, Visa Special Steel Limited, Visa Ferrous Private Limited and 3 more | Managing Director | 15 Sep 2015 | 11 Years 1 Months | As last reported |
Auditor
Visa Bao Limited is audited by Lovelock & Lewes for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lovelock & Lewes | FY 2016 | 301056E |
Shareholding
The shareholding of Visa Bao Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Visa Bao Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 2015 | 10593800 | Punjab National Bank | ₹7.69 Cr | Open | |
| 12 Apr 2014 | 10491446 | Il&Fs Financial Services Limited | ₹3 Cr | Open | |
| 16 Jan 2012 | 10337040 | Punjab National Bank | ₹182 Cr | Open | |
| 24 Sep 2011 | 10312053 | Punjab & Sind Bank | ₹22 Cr | Open | |
| 22 Aug 2011 | 10306324 | Oriental Bank of Commerce | ₹50 Cr | Open |
To see the full charge records of Visa Bao Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Visa Bao Limited has 1 deal on record (1 acquisition); the latest was in July 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2014 | Acquisition | Undisclosed | Buyer: Visa Chrome Limited Seller: Baosteel Group Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Visa Bao Limited has 2 court cases on record: 1 filed by Visa Bao, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COPET) | Filed by the company against Visa Steel Ltd. | Disposed |
| District court, Jajpur, Orissa | Court case (cav.) | Filed against the company by Il and FS Financial Limited | Disposed |
To see the full case history of Visa Bao 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 Visa Bao Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Visa Bao Limited has a workforce of 3 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Visa Bao has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Visa Bao Limited, buy the company report.
Recent activity
Visa Bao Limited has 30 board changes on record since 2008: 10 appointments and 20 cessations. The latest: Kishore Kumar Mehrotra was appointed as Additional Director on 28 Nov 2016.
30 earlier events are in the company report.
News
Frequently asked questions
Visa Bao 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.
Visa Bao was a public limited company based in Bhubaneswar, Odisha, India. The company worked in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 February 2008 and is registered under CIN U27101OR2008PLC009790. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Visa Bao was incorporated on 01 February 2008. It is registered with the Registrar of Companies, Cuttack.
Visa Bao had 10 directors and KMP:
- Manoj Kumar - Managing Director
- Yu Yunsheng - Additional Director
- Kishore Kumar Mehrotra - Additional Director
- Xuerong Zheng - Director
- Ranjan Mishra - Director
- Vishambhar Saran - Director
- Xu Changlin - Director
- Vishal Agarwal - Director
- Manoj Kumar Digga - Cfo
- Sudhir Kumar Banthiya - Company Secretary
The CIN (Corporate Identification Number) of Visa Bao is U27101OR2008PLC009790. 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 Visa Bao is at Visahouse 11 Ekamarakanan Nayapalli, Bhubaneswar, Odisha, India – 751015.
Visa Bao can be reached through the website visasteel.com. Its registered office is in Bhubaneswar, Odisha, India.
The latest financial statements of Visa Bao on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 08 September 2016. Year-wise statements from 2015 are in the company report.
No. Visa Bao has 1 GST registration on record and it is cancelled or inactive.
Visa Bao operated in the metals and minerals industry, in the metal manufacturing and processing segment.
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