Clover Forging & Machining Private Limited
About Clover Forging & Machining Private Limited
Data last updated:
Clover Forging & Machining Private Limited is a private limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 30 May 2012.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29221DL2012PTC236706. Its GSTIN is 27AADCE3477H2ZH (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5.55 Cr and a paid-up capital of ₹5.55 Cr. It was formerly known as Exon Machines Private Limited. It is led by directors Ashish Pandit and Avijit Banerjee.
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Office No – Dtj – 701 Tower – B DLF Tower Jasola, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2016, the company reported a revenue of ₹32.78 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹22.1 Lakh (net margin -0.7%) and EBITDA of -₹32.88 Lakh (EBITDA margin -1%).
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹990 Cr and satisfied charges of ₹590 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹231 Cr; the latest was in January 2015.
Company details
Contact details
Clover Forging & Machining Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No – Dtj – 701 Tower – B DLF Tower Jasola, New Delhi, Delhi, India – 110044
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Clover Forging & Machining 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 Clover Forging & Machining is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Clover Forging & Machining Private Limited, buy the company report.
Financials of Clover Forging & Machining Private Limited
FY 2016 filings availableClover Forging & Machining Private Limited reported revenue of ₹32.78 Cr (up 339% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 339% in the latest year. EBITDA fell 351% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹32.78 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹32.88 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹22.1 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -1% | |
| Net Profit Margin | -0.7% | |
| 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 Clover Forging & Machining Private Limited, buy the company report.
Board of directors of Clover Forging & Machining Private Limited
Clover Forging & Machining has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Pandit | Director | 16 Aug 2012 | 14 Years 2 Months | As last reported |
| Avijit Banerjee | Director | 16 Aug 2012 | 14 Years 2 Months | As last reported |
Auditor
Clover Forging & Machining Private Limited is audited by A C GUPTA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A C GUPTA & ASSOCIATES | FY 2016 | 008079N |
Shareholding
The shareholding of Clover Forging & Machining Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Clover Forging & Machining Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 2014 | 10520056 | Corporation Bank | ₹990 Cr | Open | |
| 18 Jun 2014 | 10503916 | Andhra Bank | ₹150 Cr | Satisfied | |
| 26 May 2014 | 10504535 | Dena Bank | ₹140 Cr | Satisfied | |
| 23 Apr 2014 | 10503574 | Indian Overseas Bank | ₹150 Cr | Satisfied | |
| 14 Mar 2014 | 10490949 | State Bank of Hyderabad | ₹150 Cr | Satisfied |
To see the full charge records of Clover Forging & Machining Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Clover Forging & Machining Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹231 Cr; the latest was in January 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Funding round | ₹16 Cr | Investors: Kamakshi Silk Mills Pvt Ltd , Vairagi Real Estates Private Limited, Dolphin Exim Limited |
| Jun 2014 | Funding round | ₹215 Cr | Investors: Hindkush Leasing and Finance Private Limited , Kamakshi Silk Mills Pvt Ltd , Dwarka Buildwell Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Clover Forging & Machining Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S Precitech Enterprises | Disposed |
To see the full case history of Clover Forging & Machining 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 Clover Forging & Machining Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Clover Forging & Machining Private Limited has a workforce of 1 employees on its EPFO records as of Sep 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 1 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Clover Forging & Machining Private Limited, buy the company report.
GST
Clover Forging & Machining has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCE3477H2ZH | Maharashtra | Active | 04 Aug 2020 |
To see the full GST registrations and return filing status of Clover Forging & Machining Private Limited, buy the company report.
Recent activity
Clover Forging & Machining Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Rajiv Kapur ceased to be Additional Director on 29 Sep 2015.
6 earlier events are in the company report.
Frequently asked questions
Clover Forging & Machining is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Clover Forging & Machining is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 30 May 2012 and is registered under CIN U29221DL2012PTC236706. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Clover Forging & Machining has 2 current directors:
- Ashish Pandit - Director
- Avijit Banerjee - Director
The latest financial statements of Clover Forging & Machining on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Clover Forging & Machining is U29221DL2012PTC236706. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clover Forging & Machining has open charges of ₹990 Cr and satisfied charges of ₹590 Cr as per latest MCA filings.
Clover Forging & Machining has 1 court case on record: 1 filed against it.
Clover Forging & Machining was incorporated on 30 May 2012. It is registered with the Registrar of Companies, Delhi.
Clover Forging & Machining has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹231 Cr; the latest was in January 2015.
Rajiv Kapur ceased to be Additional Director on 29 Sep 2015. Bharat Singh Rawat ceased to be Director on 02 Jan 2014. Sitaram Singh ceased to be Director on 02 Jan 2014. Clover Forging & Machining has 5 board changes on record in total.
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