About Gem Batteries Private Limited
Data last updated:
Gem Batteries 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 13 August 2003.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31909DL2003PTC121756. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Rahul Gupta (Whole-Time Director) and Divya Gupta.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at B – II/11 Mohan Cooperative Industrial Estate Badarpur, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.04 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹4.23 Cr and EBITDA of -₹50.22 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 93% over three years and 81% over five years.
As per MCA filings, the company has open charges of ₹34.8 Cr and satisfied charges of ₹18.49 Cr on record. Court records list 69 cases involving the company, including 50 filed by the company and 19 filed against it; 8 cases are pending.
The last known website on record is gembatteries.com.
Company details
Contact details
Gem Batteries Private Limited's registered office is in New Delhi, Delhi. Its website is gembatteries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – II/11 Mohan Cooperative Industrial Estate Badarpur, New Delhi, Delhi, India – 110044
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Gem Batteries 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 Gem Batteries 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 Gem Batteries Private Limited, buy the company report.
Financials of Gem Batteries Private Limited
FY 2019 filings availableGem Batteries Private Limited reported revenue of ₹2.04 Lakh (down 89% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over five years, including a 89% fall in the latest year. EBITDA rose 91% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.04 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹50.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.23 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Gem Batteries Private Limited, buy the company report.
Board of directors of Gem Batteries Private Limited
Gem Batteries has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Gupta | Whole-Time Director | 13 Aug 2003 | 23 Years 2 Months | As last reported |
| Divya Gupta | Director | 10 Jul 2006 | 20 Years 3 Months | As last reported |
| Deepika Bhugra Prasad Also directs: AAA Insolvency Professionals LLP, D Prasad Advisory LLP | Irp/Rp/Liquidator | 09 Mar 2023 | 3 Years 8 Months | As last reported |
Auditor
Gem Batteries Private Limited is audited by MAHESH AGGARWAL & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHESH AGGARWAL & ASSOCIATES | FY 2019 | 006092N |
Shareholding
The shareholding of Gem Batteries Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Gem Batteries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2014 | 10537123 | Rbl Bank Limited | ₹20 Cr | Open | |
| 21 Aug 2014 | 10516416 | Intec Capital Limited | ₹30 Lakh | Open | |
| 26 Jul 2014 | 10513200 | The Ratnakar Bank Limited | ₹14.5 Cr | Open | |
| 22 May 2012 | 10356506 | Intec Capital Limited | ₹46.38 Lakh | Satisfied | |
| 12 Nov 2010 | 10259505 | State Bank of Hyderabad | ₹9.44 Cr | Satisfied |
To see the full charge records of Gem Batteries Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Gem Batteries Private Limited has 69 court cases on record: 50 filed by Gem Batteries, 19 filed against it. 8 cases are pending and 61 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 59 | 15 | 7 |
| High courts | 8 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 69)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by RBL Bank Ltd | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by Daramic Battery Separator India Pvt. Ltd | Pending |
| High Court of Delhi | Writ petition | Filed by the company against RBL Bank Ltd | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against Binary Electricals Private Limited Ors | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Prayag Polytech Pvt Ltd | Pending |
To see the full case history of Gem Batteries 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 Gem Batteries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gem Batteries Private Limited has 1 active EPFO establishment as of Apr 01, 2024.
GST
Gem Batteries has 10 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 Gem Batteries Private Limited, buy the company report.
Recent activity
Gem Batteries Private Limited has 6 board changes on record since 2003: 3 appointments and 3 cessations. The latest: Deepika Bhugra Prasad was appointed as Irp/Rp/Liquidator on 09 Mar 2023.
13 earlier events are in the company report.
Frequently asked questions
Gem Batteries 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.
Gem Batteries 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 13 August 2003 and is registered under CIN U31909DL2003PTC121756. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gem Batteries has 3 current directors:
- Rahul Gupta - Whole-Time Director
- Divya Gupta - Director
- Deepika Bhugra Prasad - Irp/Rp/Liquidator
The latest financial statements of Gem Batteries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gem Batteries is U31909DL2003PTC121756. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gem Batteries has open charges of ₹34.8 Cr and satisfied charges of ₹18.49 Cr as per latest MCA filings.
Gem Batteries has 69 court cases on record: 50 filed by the company and 19 filed against it. 8 are pending. Most are in the district courts.
Gem Batteries was incorporated on 13 August 2003. It is registered with the Registrar of Companies, Delhi.
Deepika Bhugra Prasad was appointed as Irp/Rp/Liquidator on 09 Mar 2023. Bimla Rani ceased to be Director on 21 Jul 2014. Nathu Mal Gupta ceased to be Managing Director on 21 Jul 2014. Gem Batteries has 6 board changes on record in total.
Gem Batteries can be reached through the website gembatteries.com. Its registered office is in New Delhi, Delhi, India.
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