About GRD Trucks Private Limited
Data last updated:
GRD Trucks Private Limited is a private limited company based in Jaipur, Rajasthan, 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 automobile dealership and trading segment of the automotive sector. It was incorporated on 20 June 2012.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U50100RJ2012PTC072555. Its GSTIN is 06AAECK8468M1ZV (Haryana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.29 Cr. It was formerly known as Karni Motors Private Limited. It is led by directors Mayank Agarwal and Manoj Agarwal.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Jaipur, Rajasthan.
As per the financials filed for FY 2019, the company reported a revenue of ₹250 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹20.67 Lakh (net margin 0.1%) and EBITDA of ₹3.53 Cr (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 93% over five years.
The company has about 189 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹28.44 Cr and satisfied charges of ₹42.75 Cr on record. Court records list 54 cases involving the company, including 9 filed by the company and 46 filed against it; 11 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.49 Cr; the latest was in February 2020.
The last known website on record is grdtrucks.com.
Company details
CIN history
GRD Trucks has one previous CIN (Corporate Identification Number): U50100DL2012PTC237797. The current CIN is U50100RJ2012PTC072555, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U50100RJ2012PTC072555 | Current |
| U50100DL2012PTC237797 | Previous |
Contact details
GRD Trucks Private Limited's registered office is in Jaipur, Rajasthan. Its website is grdtrucks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCabin 1 1st Floor C – 84 Janpath Lal Kothi Scheme Behind New Vidhan Sabh, A, Jaipur, Rajasthan, India – 302015
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of GRD Trucks 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
Financials of GRD Trucks Private Limited
FY 2019 filings availableGRD Trucks Private Limited reported revenue of ₹250 Cr (down 22% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 93%. 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 | ₹250 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.67 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 | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of GRD Trucks Private Limited, buy the company report.
Board of directors of GRD Trucks Private Limited
GRD Trucks 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 |
|---|---|---|---|---|
| Mayank Agarwal | Director | 25 Nov 2013 | 12 Years 11 Months | As last reported |
| Manoj Agarwal | Director | 01 Sep 2015 | 11 Years 1 Months | As last reported |
Auditor
GRD Trucks Private Limited is audited by MITTAL BANSAL & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MITTAL BANSAL & ASSOCIATES | FY 2019 | 018957N |
Shareholding
The shareholding of GRD Trucks Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of GRD Trucks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Nov 2020 | 100397385 | Tata Capital Financial Services Limited | ₹99 Lakh | Open | |
| 23 Jul 2020 | 100356526 | Yes Bank Limited | ₹2.5 Cr | Open | |
| 16 Sep 2019 | 100304278 | Others | ₹5 Cr | Open | |
| 12 Apr 2019 | 100265678 | Others | ₹5 Cr | Open | |
| 25 Jul 2018 | 100246808 | Others | ₹5 Cr | Open |
To see the full charge records of GRD Trucks Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
GRD Trucks Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.49 Cr; the latest was in February 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Rights issue | ₹2.5 Cr | Investors: an individual |
| Mar 2018 | Funding round | ₹1.5 Cr | Investors: Mahabir Prasad Agarwal HUF, 3 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Mahabir Prasad Agarwal HUF Seller: Manoj Agarwal HUF |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Manoj Agarwal HUF, Sunima Trading Private Limited , 2 individuals Seller: Mahabir Prasad Agarwal HUF, 3 individuals |
| Mar 2014 | Funding round | ₹99 Lakh | Investors: Sun Life Buildcon Private Limited, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GRD Trucks Private Limited has 54 court cases on record: 9 filed by GRD Trucks, 46 filed against it. 11 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 41 | 11 |
| High courts | 9 | 4 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by M/S Federal Bank Ltd. | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Hinduja Leyland Finance Ltd | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Tata Capital Financial Services Limited | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Aditya Birla Finance Ltd | Disposed |
To see the full case history of GRD Trucks 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 GRD Trucks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
GRD Trucks Private Limited has a workforce of 189 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
GRD Trucks has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECK8468M1ZV | Haryana | Active | 01 Jul 2017 |
| 07AAECK8468M1ZT | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of GRD Trucks Private Limited, buy the company report.
Recent activity
GRD Trucks Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Manish Agarwal ceased to be Director on 01 Dec 2020.
19 earlier events are in the company report.
Frequently asked questions
GRD Trucks 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.
GRD Trucks is a company under insolvency, formerly operating as a private limited company based in Jaipur, Rajasthan, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 20 June 2012 and is registered under CIN U50100RJ2012PTC072555. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
GRD Trucks has 2 current directors:
- Mayank Agarwal - Director
- Manoj Agarwal - Director
The latest financial statements of GRD Trucks on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of GRD Trucks is U50100RJ2012PTC072555. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GRD Trucks has open charges of ₹28.44 Cr and satisfied charges of ₹42.75 Cr as per latest MCA filings.
GRD Trucks has 54 court cases on record: 9 filed by the company and 46 filed against it. 11 are pending. Most are in the district courts.
GRD Trucks was incorporated on 20 June 2012. It is registered with the Registrar of Companies, Jaipur.
GRD Trucks has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.49 Cr; the latest was in February 2020.
Manish Agarwal ceased to be Director on 01 Dec 2020. Manoj Agarwal was appointed as Director on 01 Sep 2015. Alok Kumar Gupta ceased to be Director on 10 Dec 2013. GRD Trucks has 6 board changes on record in total.