MIRA INFORM REPORT

 

 

Report Date :

03.03.2012

 

IDENTIFICATION DETAILS

 

Name :

VARROC ENGINEERING PRIVATE LIMITED (w.e.f. 24.01.2001)

 

 

Formerly Known As :

VARROC ENGINEERING LIMITED

 

 

Registered Office :

E-4, MIDC, Waluj, Aurangabad – 431 136, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

11.05.1988

 

 

Com. Reg. No.:

11-047335

 

 

Capital Investment / Paid-up Capital :

Rs.300.800 Millions

 

 

CIN No.:

[Company Identification No.]

U28920MH1988PTC047335

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

NSKV01528C

 

 

PAN No.:

[Permanent Account No.]

AAACV2420J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Automotive Parts and Equipment.

 

 

No. of Employees :

3000 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (59)

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Maximum Credit Limit :

USD 16210000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments.

 

The company can be considered normal for business dealing at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

INFORMATION PARTED BY

 

Name :

Mr. Amit Dargad

Designation :

Deputy Manager Finance

Contact No.:

91-240-2556227

Date :

02.03.2012

 

 

LOCATIONS

 

Registered/ Corporate Office/ Factory 1 :

E-4, MIDC, Waluj, Aurangabad – 431 136, Maharashtra, India

Tel. No.:

91-240-2556227/ 2556228/ 2555441/ 2564540/ 6648000

Fax No.:

91-240-2564540/ 2555987/ 2554487

E-Mail :

varroc_agd@sancharnet.in

varroc.cs@varrocgroup.com

ghatiya.anil@varrocgroup.com 

varroc.inof@varrocgroup.com

dargad.amit@varrocgroup.com

Website :

http://www.varrocengg.com

http://www.varrocgroup.com

Location :

Owned

 

 

Factory 2:

K-101/102, MIDC Industrial Area, Waluj, Aurangabad – 431 136, Maharashtra, India

 

 

Factory 3:

B-24/25, MIDC Area, Chakan Taluka Khed, District Pune – 410 501, Maharashtra, India

 

 

Factory 4:

M-138-141, MIDC Industrial Area, Waluj, Aurangabad – 431 136, Maharashtra, India

 

 

Factory 5:

L-6/2, MIDC Industrial Area, Waluj, Aurangabad – 431 136, Maharashtra, India

 

 

Factory 6:

Gut No. 390, Takve-BK, Taluka Maval, District Pune – 412 106, Maharashtra, India

 

 

Factory 7:

L-4, MIDC Industrial Area, Waluj, Aurangabad – 431 136, Maharashtra, India

 

 

Factory 8:

Plot No. 20, Sector 9, Integrated Industrial Estate, Pantnagar, District Udham Singh Nagar, Uttaranchal, India

 

 

Wind Power Projects :

v      Vankusvade Site, Village Kushi/ Kusawade, Taluka Patan, District Satara, Maharashtra, India

 

v      Kovdya Dongar, Village Supa, District Ahmednagar, Maharashtra, India

 

v      Village Badabagh, District Jaisalmer, Rajasthan, India

 

 

DIRECTORS

 

As on 27.07.2011

 

Name :

Mr. Naresh Adishwarlal Chandra

Designation :

Director

Address :

Bhagwati Bhavan, 31/B, M.L. Dahanukar Marg, Mumbai – 400 026, Maharashtra, India

Date of Birth/Age :

11.02.1935

Date of Appointment :

11.05.1988

DIN No.:

00027696

 

 

Name :

Mr. Tarang Nareshchandra Jain

Designation :

Managing Director

Address :

Gut No. 41 (P), Opposite Walmi Kanchanwadi, Aurangabad Paithan Road, Aurangabad – 431 105, Maharashtra, India 

Date of Birth/Age :

21.03.1962

Qualification :

B. Com., M.B.A.

Experience :

27 Years

Date of Appointment :

11.05.1988

DIN No.:

00027505

 

 

Name :

Mr. Narendra Kumar Jain

Designation :

Director

Address :

Flat No.82B, 8th Floor, Meher Apartments, Anstey Road, Mumbai – 400 026, Maharashtra, India

Date of Birth/Age :

15.08.1939

Date of Appointment :

09.09.1992

DIN No.:

00027735

 

 

Name :

Mr. Gautam Premnath Kahndelwal

Designation :

Director

Address :

B 2, Alaknanda, 16-A, Nepean Sea Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

21.09.1956

Date of Appointment :

24.03.2011

DIN No.:

00270717

 

KEY EXECUTIVES

 

Name :

Mr. Sanjay Kumar Sachdev

Designation :

AVP – Corp. Legal Affairs and Company Secretary

Address :

F1, Chanakya Puri, Dargah Road, Garkheda, Aurangabad – 431 005, Maharashtra, India

Date of Birth/Age :

29.12.1965

Date of Appointment :

01.04.2008

PAN No.:

ABEPS8631G

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 27.07.2011

 

Names of Shareholders (Equity Share)

 

No. of Shares

Naresh Chandra

 

1157100

Tarang Jain

 

5147500

Suman Jain

 

2030000

Naresh Chandra and Suman Jain

 

435000

Tarang Jain and Rochana Jain

 

814900

Tarang Jain – HUF