About Foremost International Private Limited
Data last updated:
Foremost International Private Limited is a private limited company based in Gurgaon, Haryana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 11 December 2002.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U18101HR2002PTC035485. Its GSTIN is 06AAACF6820G1ZX (Haryana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.31 Cr and a paid-up capital of ₹3.49 Cr. It is led by directors Varun Moudgil and Atul Moudgil.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Plot No.71 Udyog Vihar Phase – 1, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2021, the company reported a revenue of ₹162.69 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹8,889 (net margin 0%) and EBITDA of ₹5.25 Lakh (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years and 28% over five years.
As per MCA filings, the company has open charges of ₹21.95 Cr and satisfied charges of ₹14 Cr on record. Court records list 108 cases involving the company, including 87 filed by the company and 22 filed against it; 1 case is pending.
The last known website on record is foremostinternational.org.
Company details
CIN history
Foremost International has one previous CIN (Corporate Identification Number): U18101HR2004PTC035485. The current CIN is U18101HR2002PTC035485, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18101HR2002PTC035485 | Current |
| U18101HR2004PTC035485 | Previous |
Contact details
Foremost International Private Limited's registered office is in Gurgaon, Haryana. Its website is foremostinternational.org. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No.71 Udyog Vihar Phase – 1, Gurgaon, Haryana, India – 122001
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Foremost International 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 Foremost International is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Foremost International Private Limited, buy the company report.
Financials of Foremost International Private Limited
FY 2021 filings availableForemost International Private Limited reported revenue of ₹162.69 Cr (up 4188% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years. EBITDA fell 99% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹162.69 Cr | ||||
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| EBITDA | ₹5.25 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹8,889 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of Foremost International Private Limited, buy the company report.
Board of directors of Foremost International Private Limited
Foremost International has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Moudgil | Director | 20 Sep 2004 | 22 Years 1 Months | As last reported |
| Atul Moudgil | Additional Director | 26 Jun 2019 | 7 Years 3 Months | As last reported |
Auditor
Foremost International Private Limited is audited by SARUP HANDOO & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARUP HANDOO & ASSOCIATES | FY 2021 | 007882N |
Shareholding
The shareholding of Foremost International Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Foremost International Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2010 | 10217876 | Canara Bank | ₹21.95 Cr | Open | |
| 12 Dec 2006 | 10032570 | Canara Bank | ₹2.5 Cr | Satisfied | |
| 19 Oct 2006 | 10024961 | Canara Bank | ₹9.5 Cr | Satisfied | |
| 24 Mar 2005 | 80015950 | Punjab National Bank | ₹1.4 Cr | Satisfied | |
| 24 Mar 2005 | 80015952 | Punjab National Bank | ₹60 Lakh | Satisfied |
To see the full charge records of Foremost International Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Foremost International Private Limited has 108 court cases on record: 87 filed by Foremost International, 22 filed against it. 1 case is pending and 107 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 106 | 20 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 108)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Qube Real Estate Advisory LLP | Disposed |
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by SJR Embroidery Pvt. Ltd. | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Foremost International Pvt. Ltd. | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Micropolo Overseas P Ltd | Disposed |
| District court, West, Delhi | Criminal case | Filed against the company by Kwality Poly Threads Pvt Ltd | Disposed |
To see the full case history of Foremost International 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.
Credit ratings & regulatory alerts
Foremost International Private Limited was last rated by Crisil on 12 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Nov 2020 |
To see the full credit ratings and regulatory alerts of Foremost International Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Foremost International Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Foremost International has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACF6820G1ZX | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Foremost International Private Limited, buy the company report.
Recent activity
Foremost International Private Limited has 6 board changes on record since 2004: 2 appointments and 4 cessations. The latest: Atul Moudgil was appointed as Additional Director on 26 Jun 2019.
8 earlier events are in the company report.
Frequently asked questions
Foremost International is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Foremost International is a company under insolvency, formerly operating as a private limited company based in Gurgaon, Haryana, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 11 December 2002 and is registered under CIN U18101HR2002PTC035485. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Foremost International has 2 current directors:
- Varun Moudgil - Director
- Atul Moudgil - Additional Director
The latest financial statements of Foremost International on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Foremost International is U18101HR2002PTC035485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Foremost International has open charges of ₹21.95 Cr and satisfied charges of ₹14 Cr as per latest MCA filings.
Foremost International has 108 court cases on record: 87 filed by the company and 22 filed against it. 1 is pending. Most are in the district courts.
Foremost International was incorporated on 11 December 2002. It is registered with the Registrar of Companies, Delhi.
Atul Moudgil was appointed as Additional Director on 26 Jun 2019. Twisha Bhandari ceased to be Additional Director on 30 Sep 2017. Atul Moudgil ceased to be Director on 23 Jun 2017. Foremost International has 6 board changes on record in total.
Foremost International can be reached through the website foremostinternational.org. Its registered office is in Gurgaon, Haryana, India.