Clarity Gold Private Limited
About Clarity Gold Private Limited
Data last updated:
Clarity Gold Private Limited was a private limited company based in Jaipur, Rajasthan, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 07 July 2003.
The company was registered with the Registrar of Companies (ROC), Jaipur, under CIN U36911RJ2003PTC018420. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹15 Cr.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at C – 82 Star Mantion Third Floor Shyam Marg Shastri Nagar, Jaipur, Rajasthan, India – 302016.
As per the financials filed for FY 2018, the company reported a revenue of ₹22.48 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹75.3 Lakh (net margin -335%) and EBITDA of -₹75.06 Lakh (EBITDA margin -333.9%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹80.93 Cr on record. Court records list 41 cases involving the company, including 25 filed by the company and 16 filed against it; 4 cases are pending.
Company details
Contact details
Clarity Gold Private Limited's registered office is in Jaipur, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC – 82 Star Mantion Third Floor Shyam Marg Shastri Nagar, Jaipur, Rajasthan, India – 302016
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Clarity Gold 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
Business activity
The main business activity of Clarity Gold is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Clarity Gold Private Limited, buy the company report.
Financials of Clarity Gold Private Limited
FY 2018 filings availableClarity Gold Private Limited reported revenue of ₹22.48 Lakh (down 89% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 72% over three years, including a 89% fall in the latest year. EBITDA fell 403% 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 |
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| Total Expenses | ||||
| EBITDA | -₹75.06 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹75.3 Lakh | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -333.9% | |||
| Net Profit Margin | -335% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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| Efficiency and Growth | ||||
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| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Clarity Gold Private Limited, buy the company report.
Board of directors of Clarity Gold Private Limited
Clarity Gold has 6 former directors on record and no current directors listed.
Auditor
Clarity Gold Private Limited is audited by SHARMA AA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMA AA & ASSOCIATES | FY 2016 | 020291C |
Shareholding
The shareholding of Clarity Gold Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Clarity Gold Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2009 | 10147677 | State Bank of Indore | ₹32 Cr | Satisfied | |
| 29 Dec 2006 | 10055614 | State Bank of Indore | ₹5.62 Cr | Satisfied | |
| 29 Dec 2006 | 10036328 | State Bank of Indore | ₹5.62 Cr | Satisfied | |
| 12 Sep 2006 | 10023719 | Bank of Baroda | ₹6.19 Cr | Satisfied | |
| 31 Aug 2004 | 90071314 | State Bank of Indore | ₹27.5 Cr | Satisfied |
To see the full charge records of Clarity Gold Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Clarity Gold Private Limited has 41 court cases on record: 25 filed by Clarity Gold, 16 filed against it. 4 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 10 | 3 |
| District courts | 7 | 4 | 0 |
| Supreme Court | 7 | 2 | 1 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed by the company against Ms. Jagdish Jewellers Pvt Ltd Ors and 2 others | Disposed |
| High Court, PUNJAB | Criminal miscellaneous application | Filed by the company against M/S Jagdish Jewellers Pvt. Ltd. & Anr. | Disposed |
| District court, Patiala, Punjab | Commercial suit | Filed against the company by Ms Jagdish Jewellers Pvt Ltdthrough Susham Singla | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Sankalp Exim Pvt. Ltd. | Disposed |
| Supreme Court | Court case (0303-Direct Taxes Matter : Other matters under Income Tax act, 1961) | Filed against the company by Commissioner of Income Tax 3 Aaykar Bhawan Jaipur , District: Jaipur ,Jaipur , Rajasthan | Pending |
To see the full case history of Clarity Gold 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 Clarity Gold Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Clarity Gold has 4 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 Clarity Gold Private Limited, buy the company report.
Recent activity
Clarity Gold Private Limited has 6 board changes on record since 2009: 0 appointments and 6 cessations. The latest: Gangadevi Shivshankarlal Gupta ceased to be Director on 18 Aug 2019.
13 earlier events are in the company report.
Frequently asked questions
Clarity Gold has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Clarity Gold was a private limited company based in Jaipur, Rajasthan, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 07 July 2003 and is registered under CIN U36911RJ2003PTC018420. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Clarity Gold is U36911RJ2003PTC018420. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clarity Gold was incorporated on 07 July 2003. It is registered with the Registrar of Companies, Jaipur.
The registered office of Clarity Gold is at C – 82 Star Mantion Third Floor Shyam Marg Shastri Nagar, Jaipur, Rajasthan, India – 302016.
The latest financial statements of Clarity Gold on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Clarity Gold has 4 GST registrations on record and all of them are cancelled or inactive.
Clarity Gold operated in the consumer goods industry, in the watches and jewelry manufacturing segment.
Clarity Gold has 41 court cases on record: 25 filed by the company and 16 filed against it. 4 are pending. Most are in the high courts.
Gangadevi Shivshankarlal Gupta ceased to be Director on 18 Aug 2019. Govind Shivshankarlal Gupta ceased to be Director on 18 Aug 2019. Mahesh Khandelwal ceased to be Director on 18 Aug 2019. Clarity Gold has 6 board changes on record in total.
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