About Clutch Auto Limited
Data last updated:
Clutch Auto Limited is a public 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 13 May 1971.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L34300DL1971PLC005634. The company has 5 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 02 Jul 2018 · winding up and from BSE on 14 Feb 2020 · winding up, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹18.76 Cr. It is led by directors including Vijay Krishan Mehta (Managing Director) and Gian Chandra Narang.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 2 – E/14 Ist Floor Jhandewallan Extension, New Delhi, Delhi, India – 110055.
As per the financials filed for FY 2016, the company reported a revenue of ₹46.54 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹47.27 Cr (net margin -101.6%) and EBITDA of -₹37.33 Cr (EBITDA margin -80.2%).
The company has about 121 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Clutch Auto. As per MCA filings, the company has open charges of ₹380.92 Cr and satisfied charges of ₹134.87 Cr on record. Court records list 244 cases involving the company, including 54 filed by the company and 192 filed against it; 16 cases are pending. The company has 86 deals on record (86 market trades); the latest was in June 2011.
The last known website on record is clutchauto.com.
Company details
CIN history
Clutch Auto has one previous CIN (Corporate Identification Number): U34300DL1971PLC005634. The current CIN is L34300DL1971PLC005634, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L34300DL1971PLC005634 | Current |
| U34300DL1971PLC005634 | Previous |
Contact details
Clutch Auto Limited's registered office is in New Delhi, Delhi. Its website is clutchauto.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2 – E/14 Ist Floor Jhandewallan Extension, New Delhi, Delhi, India – 110055
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Clutch Auto 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
Clutch Auto operates one associated brand: Clutch Auto. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Clutches and components are manufactured for the automotive sector. | clutchauto.com |
Business activity
The main business activity of Clutch Auto is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Clutch Auto Limited, buy the company report.
Financials of Clutch Auto Limited
FY 2015 filings availableClutch Auto Limited reported revenue of ₹46.54 Cr (up 13% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 13% in the latest year. EBITDA rose 77% 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 | ₹46.54 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹37.33 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹47.27 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -80.2% | |
| Net Profit Margin | -101.6% | |
| 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 Clutch Auto Limited, buy the company report.
Board of directors of Clutch Auto Limited
Clutch Auto has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suraj Mohan Khorana Also directs: Harig Crankshafts Limited | Additional Director | 31 Aug 2013 | 13 Years 1 Months | As last reported |
| Gian Chandra Narang Also directs: Zenner Aquamet India Private Limited | Director | 10 Nov 2012 | 13 Years 11 Months | As last reported |
| Vijay Krishan Mehta Also directs: Matchmaker Automotive Solutions Private Limited | Managing Director | 26 May 1971 | 55 Years 4 Months | As last reported |
Auditor
Clutch Auto Limited is audited by S C GARG & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C GARG & ASSOCIATES | FY 2016 | 006873N |
Shareholding
The shareholding of Clutch Auto Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Clutch Auto Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2013 | 10418464 | State Bank of India | ₹32.24 Cr | Open | |
| 08 Sep 2010 | 10241673 | Rajasthan State Industrial Development & Investment Corporation Limited | ₹38 Cr | Open | |
| 16 Sep 2009 | 10181469 | Central Bank of India | ₹17.25 Cr | Open | |
| 01 Sep 2009 | 10173468 | Export-Import Bank of India | ₹5 Cr | Open | |
| 29 Jul 2009 | 10171693 | State Bank of Indore | ₹22.5 Cr | Open |
To see the full charge records of Clutch Auto Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Clutch Auto Limited has 86 deals on record (86 market trades); the latest was in June 2011.
Deals on record (5 of 86)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2011 | Market trade | ₹2.59 Cr | Buyer: NBN Fintrade Private Limited , JMP Securities Private Limited , Shree Naman Securities & Finance Private Limited Seller: NBN Fintrade Private Limited , JMP Securities Private Limited , Shree Naman Securities & Finance Private Limited |
| Jun 2011 | Market trade | ₹52.4 Lakh | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited |
| Mar 2010 | Market trade | ₹63.8 Lakh | Buyer: Neelam Lefin Limited Seller: Pan Emami Cosmed Limited |
| Mar 2010 | Market trade | ₹1.88 Cr | Buyer: NBN Fintrade Private Limited , an individual Seller: NBN Fintrade Private Limited , an individual |
| Feb 2010 | Market trade | ₹1.67 Cr | Buyer: NBN Fintrade Private Limited , an individual Seller: NBN Fintrade Private Limited , an individual |
To see the full deal history of Clutch Auto 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
Clutch Auto Limited has 244 court cases on record: 54 filed by Clutch Auto, 192 filed against it. 16 cases are pending and 228 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 167 | 158 | 8 |
| High courts | 73 | 34 | 8 |
| Supreme Court | 3 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 244)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Gsec Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Gsec Limited | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by Clutch Auto Limited | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed by the company against Genuine Clutch Part (I) Pvt Ltd and 2 others | Disposed |
| District court, Faridabad, Haryana | Execution petition | Filed against the company by M/S Gill International Ltd | Disposed |
To see the full case history of Clutch Auto 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 Clutch Auto Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Clutch Auto Limited has a workforce of 121 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Clutch Auto has 5 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 Clutch Auto Limited, buy the company report.
Recent activity
Clutch Auto Limited has 23 board changes on record since 1971: 13 appointments and 10 cessations. The latest: Dhirendra Nandlal Chaturvedi ceased to be Director on 13 Jan 2017.
48 earlier events are in the company report.
Frequently asked questions
Clutch Auto 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.
Clutch Auto is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 13 May 1971 and is registered under CIN L34300DL1971PLC005634. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Clutch Auto has 3 current directors:
- Vijay Krishan Mehta - Managing Director
- Suraj Mohan Khorana - Additional Director
- Gian Chandra Narang - Director
The latest financial statements of Clutch Auto on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Clutch Auto is L34300DL1971PLC005634. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clutch Auto is recorded as a listed company by MCA, but its shares were delisted from NSE on 02 Jul 2018 · winding up and from BSE on 14 Feb 2020 · winding up, and no longer trade on a stock exchange.
Clutch Auto has open charges of ₹380.92 Cr and satisfied charges of ₹134.87 Cr as per latest MCA filings.
Clutch Auto has 244 court cases on record: 54 filed by the company and 192 filed against it. 16 are pending. Most are in the district courts.
Clutch Auto was incorporated on 13 May 1971. It is registered with the Registrar of Companies, Delhi.
Clutch Auto has 86 deals on record (86 market trades); the latest was in June 2011.