About Carnation Auto India Private Limited
Data last updated:
Carnation Auto India Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Khattar Auto India Private Limited. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the automobile dealership and trading segment of the automotive sector. It was incorporated on 03 January 2008.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U34200DL2008PTC172214. The company has 11 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹46.6 Cr and a paid-up capital of ₹43.14 Cr. It was formerly known as Carnation Auto India Limited and Hermes Auto India Limited. It was led by directors Jagdish Khattar (Managing Director) and Achyutanand Choudhary.
Its last annual general meeting (AGM) was held on 09 January 2019, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 11/3 2nd Floor Park Road Diamoni 5 East Patel Nagar Near Corp Bank Atm, New Delhi, Delhi, India – 110008.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.44 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹71.86 Cr and EBITDA of -₹71.81 Cr. Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
The company had about 20 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries and 2 joint ventures.
The company was associated with 2 brands: Carnation and Carnation Auto. As per MCA filings, the company had open charges of ₹105.75 Cr on record. Court records list 32 cases involving the company, including 18 filed by the company and 14 filed against it; 6 cases are pending. The company has 10 deals on record (5 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹190.48 Cr; the latest was in December 2018.
The last known website on record is carnation.in.
Company details
Name history
Carnation Auto India has undergone 2 name changes throughout its history. The company was previously known as Carnation Auto India Limited, and Hermes Auto India Limited. The current legal name is Carnation Auto India Private Limited.
| Company Name | Status |
|---|---|
| Carnation Auto India Private Limited | Current |
| Carnation Auto India Limited | Previous |
| Hermes Auto India Limited | Previous |
CIN history
Carnation Auto India has one previous CIN (Corporate Identification Number): U34200DL2008PLC172214. The current CIN is U34200DL2008PTC172214, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U34200DL2008PTC172214 | Current |
| U34200DL2008PLC172214 | Previous |
Contact details
Carnation Auto India Private Limited's registered office is in New Delhi, Delhi. Its website is carnation.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered Address11/3 2nd Floor Park Road Diamoni 5 East Patel Nagar Near Corp Bank Atm, New Delhi, Delhi, India – 110008
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Carnation Auto India Private 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
Brands
Carnation Auto India operates two associated brands: Carnation and Carnation Auto. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online listing portal to buy new and used cars along with car service | carnation.in | |
| Automotive operations are managed from Ghaziabad, India. | carnationcorp.com |
Business activity
The main business activity of Carnation Auto India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Carnation Auto India Private Limited, buy the company report.
Financials of Carnation Auto India Private Limited
FY 2018 filings availableCarnation Auto India Private Limited reported revenue of ₹2.44 Cr (down 66% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 66% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.44 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹71.81 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹71.86 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Carnation Auto India Private Limited, buy the company report.
Board of directors of Carnation Auto India Private Limited
Carnation Auto India has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Achyutanand Choudhary | Director | 16 Sep 2015 | 11 Years 1 Months | As last reported |
| Jagdish Khattar | Managing Director | 03 Jan 2008 | 18 Years 10 Months | As last reported |
Auditor
Carnation Auto India Private Limited is audited by V SANKAR AIYAR & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V SANKAR AIYAR & CO | FY 2018 | 109208W |
Shareholding
The shareholding of Carnation Auto India Private 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 Carnation Auto India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2009 | 10190196 | Punjab National Bank | ₹105.75 Cr | Open |
To see the full charge records of Carnation Auto India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Carnation Auto India Private Limited has 10 deals on record (5 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹190.48 Cr; the latest was in December 2018.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Acquisition | Undisclosed | Buyer: MFC Auto Parts Private Limited Seller: Carnation Auto India Private Limited |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2014 | Funding round · Series D | ₹9.45 Cr | Investors: Premjiinvest, Gaja Capital, an individual |
| Dec 2013 | Funding round · Series C | ₹15 Cr | Investors: Premjiinvest, Gaja Capital |
| Jul 2008 | Funding round | ₹9 Cr | Investors: Khattar Auto India Private Limited , 2 individuals |
To see the full deal history of Carnation Auto India Private 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
Carnation Auto India Private Limited has 32 court cases on record: 18 filed by Carnation Auto India, 14 filed against it. 6 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 6 | 0 |
| Supreme Court | 5 | 5 | 4 |
| High courts | 4 | 1 | 0 |
| NCLAT | 3 | 1 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Court II | Tribunal matter | Filed by the company against Calabasas Ventures Private Limited and 16 others | Pending |
| Supreme Court | Court case (1201-Competition Laws/ MRTP : Competition Laws/ Monopolies and Restrictive Trade Practices Act, 1969) | Filed against the company by Ford India Pvt Ltd Through Its Mr. Avnessh Chopra Company Secretary, A Company Registered Under Companies Act, 1956, Having Its Registered Office at, S.P. Koil Post Chengalpattu , District: Chennai , , Tamil Nadu | Pending |
| Supreme Court | Court case (1201-Competition Laws/ MRTP : Competition Laws/ Monopolies and Restrictive Trade Practices Act, 1969) | Filed against the company by Nissan Motor India Pvt Ltd Having Its Registered Office at Asv Ramana Towers, 3Rd F;Loor, No. 37 , District: Chennai ,Chennai , Tamil Nadu and 1 other | Pending |
| Supreme Court | Court case (1201-Competition Laws/ MRTP : Competition Laws/ Monopolies and Restrictive Trade Practices Act, 1969) | Filed against the company by Toyota Kirloskar Motor Pvt Ltd Through General Manager Legal , District: Ramanagar Distt. , , Other | Pending |
| NCLAT, Court II | Tribunal matter | Filed by the company against Calabasas Ventures Private Limited and 16 others | Disposed |
To see the full case history of Carnation Auto India Private 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 Carnation Auto India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Carnation Auto India has 2 subsidiary companies and 2 joint ventures. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Carnation Realty Private Limited | U45208DL2008PTC182230 | |
| Carnation Insurance Broking Company Private Limited | U66000DL2010PTC209308 |
To see the full group structure of Carnation Auto India Private Limited, buy the company report.
GST
Carnation Auto India has 11 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 Carnation Auto India Private Limited, buy the company report.
Recent activity
Carnation Auto India Private Limited has 15 board changes on record since 2008: 2 appointments and 13 cessations. The latest: Bhavana Rao ceased to be Nominee Director on 08 Nov 2017.
8 earlier events are in the company report.
News
Frequently asked questions
Carnation Auto India has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Carnation Auto India was a private limited company based in New Delhi, Delhi, India. The company worked in auto dealership and trading, within the automotive industry. It was incorporated on 03 January 2008 and is registered under CIN U34200DL2008PTC172214. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Carnation Auto India was incorporated on 03 January 2008. It is registered with the Registrar of Companies, Delhi.
Carnation Auto India had 2 directors:
- Jagdish Khattar - Managing Director
- Achyutanand Choudhary - Director
The CIN (Corporate Identification Number) of Carnation Auto India is U34200DL2008PTC172214. 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 Carnation Auto India is at 113 2nd Floor Park Road Diamoni 5 East Patel Nagar Near Corp Bank Atm, New Delhi, Delhi, India – 110008.
Carnation Auto India can be reached through the website carnation.in. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Carnation Auto India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 09 January 2019. Year-wise statements from 2015 are in the company report.
No. Carnation Auto India has 11 GST registrations on record and all of them are cancelled or inactive.
Carnation Auto India operated in the automotive industry, in the auto dealership and trading segment.
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