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Varrsana Ispat Ltd
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Registered Details

VARRSANA ISPAT LTD

All Companies ›

West Bengal ›

VARRSANA ISPAT LTD

Under Liquidation

Updated: 23 Oct 2024

The company operates as an integrated tower and steel company that manufactures rebars, wire rods, and wire products.

Varrsana Ispat Ltd, is an unlisted public company incorporated on 01 March, 2000. It is classified as a public limited company and is located in , West Bengal. It's authorized share capital is INR 30.00 cr and the total paid-up capital is INR 24.85 cr.

Industry and products

Community, Personal and Social Services

billets and blooms, sponge iron, and structure steel, molten metal, TMT bars

Company size

Auth Capital

₹ 30.0 Cr

Paidup Capital

₹ 24.8 Cr

Revenue

Not Available

Key Metrics

** All rupee values in INR crores. Based on March 2019 numbers.

Total Revenue

16.67%

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EBITDA

-101.95%

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Net Profit

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Networth

-234.35%

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Borrowings

-18.54%

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Assets

0.38%

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Gross Margin

-4.67

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Operating Margin

-2.34

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Net Profit Margin

-2.36

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Return on Equity

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ROCE

57.52

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Debt to Equity

-26.1

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Sales

Mar 2019

Net worth

Mar 2019

Locations

India (14)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Manoj Mishra Shareholder	00386578	20 years
Director	Mahesh Kumar Sureka	00386727	20 years
Whole-time Director	Akshay Jhunjhunwala Shareholder	00578362	12 years
CFO	Mukesh Sharma	<HIDDEN>	10 years
Kmp	Gagandeep Gupta	<HIDDEN>	6 years

Financial Highlights

** All numbers in INR crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
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Networth
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Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Equity Capital	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
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Percentage of assets	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
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Total assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO

	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Equity Capital	24.8	24.8	24.8	24.8
Reserves	120.8	41.8	11.8	-43.1
Borrowings +	409.8	377.7	382.4	311.5
Long term borrowings	144.2	120.7	107.2	-
Short term borrowings	265.6	257.0	275.2	311.5
Trade payables +	142.8	82.9	83.7	67.2
Days payable	86.0	51.0	47.0	30.0
Other liabilities +	254.3	261.2	283.0	411.6
Other non-current liabilities	1.3	1.7	2.9	3.1
Other current liabilities	110.2	176.6	196.4	341.3
Total liabilities	809.7	705.5	702.0	704.9
Fixed Assets +	436.5	418.7	401.4	383.0
Tangible assets	435.9	417.3	401.0	382.4
CWIP	0.4	1.2	0.3	0.5
Intangible assets	0.2	0.2	0.1	-
LT loans and advances	3.4	0.5	0.5	0.5
Other non-current assets	16.9	21.8	23.3	24.7
Current assets +	353.0	264.4	276.8	296.7
Inventories	67.5	103.7	123.5	144.8
Trade receivables	202.7	120.0	83.4	93.0
Cash and cash equivalents	30.9	2.0	4.5	11.1
ST loans and advances	49.6	0.5	0.6	1.3
Other current assets	2.2	38.2	64.8	46.6
Total assets	809.7	705.5	702.0	704.9

Percentage of assets	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Equity Capital	3.07	3.52	3.54	3.53
Reserves	14.92	5.92	1.68	-6.11
Borrowings +	50.61	53.53	54.47	44.19
Long term borrowings	17.81	17.11	15.28	0.0
Short term borrowings	32.8	36.42	39.2	44.19
Trade payables	17.63	11.76	11.93	9.53
Other liabilities +	31.41	37.02	40.31	58.39
Other non-current liabilities	0.16	0.23	0.41	0.44
Other current liabilities	13.61	25.03	27.97	48.42
Total liabilities
Fixed Assets +	53.9	59.35	57.18	54.34
Tangible assets	53.84	59.15	57.12	54.25
CWIP	0.05	0.17	0.04	0.08
Intangible assets	0.02	0.03	0.02	0.01
LT loans and advances	0.42	0.08	0.07	0.07
Other non-current assets	2.09	3.09	3.32	3.5
Current assets +	43.59	37.48	39.43	42.1
Inventories	8.33	14.69	17.59	20.55
Trade receivables	25.04	17.01	11.87	13.19
Cash and cash equivalents	3.82	0.29	0.64	1.57
ST loans and advances	6.13	0.08	0.09	0.18
Other current assets	0.27	5.41	9.23	6.61
Total assets

Total assets

Charges on assets

Bank wise

Charges

OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED

No. of Loans: 7

Total Amount : 1,902.1 cr

UCO Bank

No. of Loans: 3

Total Amount : 226.4 cr

Corporation Bank

No. of Loans: 2

Total Amount : 111.0 cr

United Bank of India

No. of Loans: 1

Total Amount : 50.0 cr

Central Bank of India

No. of Loans: 1

Total Amount : 38.7 cr

Sberbank

No. of Loans: 1

Total Amount : 25.0 cr

Charge Holder	Amount	Date of creation/modification
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED	114.0 cr	29 Dec, 2020
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED	579.3 cr	29 Dec, 2020
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED	144.1 cr	29 Dec, 2020
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED	605.0 cr	29 Dec, 2020
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED	15.0 cr	29 Dec, 2020
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED	195.0 cr	23 Nov, 2020
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED	249.8 cr	23 Nov, 2020
Central Bank of India	38.7 cr	19 Jun, 2015
Sberbank	25.0 cr	13 Dec, 2013
Corporation Bank	61.0 cr	02 May, 2013
UCO Bank	50.0 cr	27 Nov, 2009
Corporation Bank	50.0 cr	30 Apr, 2008
United Bank of India	50.0 cr	30 Apr, 2008
UCO Bank	154.4 cr	10 Mar, 2008
UCO Bank	22.0 cr	18 Feb, 2008

Charges

OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED

UCO Bank

Corporation Bank

United Bank of India

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
RAMDHAN MERCHANDISE PRIVATE LIMITED	Strike Off	28.5 L	1	West Bengal
VARRSANA ENERGY INFRASTRUCTURE LIMITED	Strike Off	5.0 L	1	West Bengal
ANAGI CONSTRUCTIONS PRIVATE LIMITED	Active	3.3 Cr	1	Delhi
MYGRAHAK SHOPPING ONLINE LIMITED	Strike Off	5.0 L	1	West Bengal
JHABUA POWER LIMITED	Active	650.0 Cr	1	West Bengal

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Varrsana Gulf Steel JLT UAE	United Arab Emirates	-	-

Tofler Score

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U99999WB2000PLC124804

PAN

AACCV1058N

Incorporation

2000, 25.2 years

Company Email

cs@varrsana.com

Paid up Capital

₹ 24.8 Cr

Authorised Capital

₹ 30.0 Cr

AGM

Nov 2019

Type

Public

Non-government Company

FAQ - VARRSANA ISPAT LTD

What is the incorporation date of VARRSANA ISPAT LTD?

The incorporation date of VARRSANA ISPAT LTD is 01 March, 2000

What is the authorized share capital of VARRSANA ISPAT LTD?

The authorized share capital of VARRSANA ISPAT LTD is INR ₹ 30.0 Cr.

What is the paid-up capital of VARRSANA ISPAT LTD?

The paid-up capital of VARRSANA ISPAT LTD is INR ₹ 24.8 Cr.

What is the registered address of VARRSANA ISPAT LTD?

The registered address of VARRSANA ISPAT LTD is Everest House , 46-C, Chowringee Road , 15th Floor,R. N. .15B, NA Kolkata West Bengal - 700071

What is the CIN number of VARRSANA ISPAT LTD?

The CIN number of VARRSANA ISPAT LTD is U99999WB2000PLC124804.

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