Varun Resources Limited - Due diligence report

A 360° intelligence report on Varun Resources Limited: trust score, financial health, credit view, compliance, directors, growth and distres…

2010-10-06 Mumbai, Maharashtra Under Liquidation Unlisted
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Varun Resources Limited — 360° Intelligence Report

Generated from MCA filings & public records
41/100
Trust Score
Caution Indicated

Varun Resources Limited is assessed as Caution Indicated with a Trust Score of 41/100. Varun Resources Limited is a public limited indian non-government company incorporated in 2010, operating in the Transport and Logistics sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 09 Aug 2026 from the latest processed filings. Varun Resources Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Weak
Compliance › Caution

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreCaution Indicated
41/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Profitable - internal accruals available.

Charges position: 42 open (6,111.48 cr) · 112 satisfied (4,836.74 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India20 48.0 cr
Sbicap Trustee Company Limited1 48.0 cr
Axis Bank Limited6 48.0 cr
Icici Bank Limited8 48.0 cr
Unit Trust Of India Investment Advisory Services Limited3 48.0 cr
Bank Of India21 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Liquidation" - not Active.
  • Last balance sheet is for Mar 2016 - filings overdue.
  • Flagged by authority: NCLT, SEBI, DSE.
  • Litigation present in 3 court forum(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
SRINIVASAGOPALAN ARA AMUDAN 01234567 Director 01/04/2018 6 yrs Approved
ATUL CHANDRA VARMA 01234567 Director 01/04/2018 6 yrs Approved
YUDHISTHIR DILIP KHATAU 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • SRINIVASAGOPALAN ARA AMUDAN has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2016)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2016 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Varun Corporation Limited
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Group entityRelationship% held
Varun Corporation Limited Holding Company 74.00%
Ocean Race Shipping Company Limited Associate Company 74.00%
Sea Fidelity Shipping Company Limited Associate Company 74.00%
Vsc International Pte Ltd Associate Company 74.00%
Ocean Race Shipping Company Limited Associate Company 74.00%
Sea Fidelity Shipping Company Limited Associate Company 74.00%
Vsc International Pte Ltd Associate Company 74.00%

Key managerial personnel: YUDHISTHIR DILIP KHATAU (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 35
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 15+ years.
Distress signals & risk flags
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
42 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence25/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment39/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 42 open charge(s) of 6,111.48 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
26 Feb 2018
Director ceased
ARMIN FALI PARDIWALA
08 Jun 2017
Director ceased
JAMSHEED MINOO PANDAY
30 May 2017
Director ceased
Venkatakrishnan Ramaswamy Veeravalli
06 Jan 2017
Director ceased
NIKKHIL BALKRISHNA VAIDYA
07 Oct 2016
Director ceased
PRAFULL DAHYALAL MODI
19 Aug 2016
Director ceased
PRASHANT KHATAU ASHER
Director ceased
AMBALAL TOLCHANDJI JAIN
Last AGM held
Annual general meeting
13 May 2016
Charge satisfied
Axis Bank Limited
31 Mar 2016
Charge created
Others - 176.00 cr
Latest balance sheet
Filed with ROC
07 Jan 2016
Charge created
Axis Bank Limited - 93.75 cr
30 Dec 2015
Director ceased
SRINIVASAGOPALAN ARA AMUDAN
09 Dec 2015
Charge created
Icici Bank Limited - 387.44 cr
29 Nov 2015
Securities allotted
758600000 Equity Shares Without Differential Rights - 75.86 cr raised
10

Key Observations

Auto-generated from the data above
3 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a majority stake as per the FY 2016 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rss Shipping Private Limited U63012GJ2011PTC065927 Gandhidham, Gujarat, India
Chennaistar Shipping Private Limited U74900TN2012PTC086560 Chennai, Tamil Nadu, India
Express Ocean Terminal Services Private Limited U63012MH1995PTC091544 Mumbai, Maharashtra, India
Hanjin Shipping India Private Limited U63012MH2006FTC164781 Mumbai, Maharashtra, India
Kei-Rsos Maritime Limited U61100AP1999PLC032961 Kakinada, Andhra Pradesh, India
Sealion Sparkle Port And Terminal Services (Dahej) Limited U63012TG2002PLC043422 Na, Telangana, India
Aditya Investment And Exim Trade Company Private Limited U17259MH2013PTC242978 Mumbai, Maharashtra, India
Five Stars Bulkcarriers Private Limited U63090MH2001PTC133415 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Varun Resources Limited before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Varun Resources Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Varun Resources Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 41/100, distress signals and MSME payment-delay disclosures - know whether Varun Resources Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Varun Resources Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Varun Resources Limited an active company?

Varun Resources Limited has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).

Is Varun Resources Limited financially healthy?

Varun Resources Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Varun Resources Limited?

Its overall Trust Score is 41/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Varun Resources Limited?

The ultimate holding entity is Varun Corporation Limited. 3 active director(s) are on record.

Does Varun Resources Limited have loans or charges against its assets?

42 open charge(s) are registered against its assets, and 112 earlier charge(s) stand satisfied.

Is Varun Resources Limited up to date with its ROC filings?

Last balance sheet is for Mar 2016 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Varun Resources Limited?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.