Gurdaspur Overseas Limited
About Gurdaspur Overseas Limited
Data last updated:
Gurdaspur Overseas Limited is a public limited company based in Gurdaspur, Punjab, 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 staple foods and grains segment of the food and beverages sector. It was incorporated on 18 September 2009.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U15400PB2009PLC033246. Its GSTIN is 03AADCG6770H1ZO (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹31 Cr and a paid-up capital of ₹29.69 Cr. It is led by directors including Bal Krishan Mittal (Managing Director) and Rajan Mittal.
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 Village Tugalwal Beri Road Teh, Gurdaspur, Punjab, India – 143521.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.53 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹2.15 Cr (net margin -85.2%) and EBITDA of ₹17.46 Lakh (EBITDA margin 6.9%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 62% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹192.3 Cr on record. Court records list 33 cases involving the company, including 15 filed by the company and 18 filed against it; 9 cases are pending.
Company details
Contact details
Gurdaspur Overseas Limited's registered office is in Gurdaspur, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVillage Tugalwal Beri Road Teh, Gurdaspur, Punjab, India – 143521
- IndustryFood and Beverages, Staple Foods & Grains
To see the full contact details of Gurdaspur Overseas 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 Gurdaspur Overseas Limited
FY 2021 filings availableGurdaspur Overseas Limited reported revenue of ₹2.53 Cr (down 69% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 69% fall in the latest year. EBITDA rose 12% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹2.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.15 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | -85.2% | ||||
| 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 Gurdaspur Overseas Limited, buy the company report.
Board of directors of Gurdaspur Overseas Limited
Gurdaspur Overseas has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bal Krishan Mittal Also directs: Gurdaspur Solvex Pvt Ltd | Managing Director | 18 Sep 2009 | 17 Years 1 Months | As last reported |
| Rajan Mittal Also directs: Gurdaspur Solvex Pvt Ltd | Director | 18 Sep 2009 | 17 Years 1 Months | As last reported |
| Aman Mittal Also directs: Gurdaspur Solvex Pvt Ltd | Director | 18 Sep 2009 | 17 Years 1 Months | As last reported |
Auditor
Gurdaspur Overseas Limited is audited by UMESH MOHIT & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UMESH MOHIT & ASSOCIATES | FY 2021 | 267671N |
Shareholding
The shareholding of Gurdaspur Overseas Limited is on record for 4 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 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Gurdaspur Overseas Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2015 | 10623197 | Punjab National Bank | ₹30 Cr | Open | |
| 29 Jan 2015 | 10554579 | Punjab National Bank | ₹7.7 Cr | Open | |
| 19 May 2011 | 10290626 | Punjab National Bank | ₹24.6 Cr | Open | |
| 19 May 2011 | 10290630 | Punjab National Bank | ₹130 Cr | Open |
To see the full charge records of Gurdaspur Overseas Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Gurdaspur Overseas Limited has 33 court cases on record: 15 filed by Gurdaspur Overseas, 18 filed against it. 9 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 15 | 6 |
| High courts | 3 | 3 | 3 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, CHANDIGARH (UT) | Appeal | Filed against the company by The Punjab State Civil Supplies Corporation Ltd | Pending |
| High Court of Punjab and Haryana | Appeal | Filed against the company by M/S Jr Agrotech Pvt Ltd and 1 other | Pending |
| District court, Gurdaspur, Punjab | Cheque dishonour complaint | Filed by the company against Amira Pure Foods Pvt Ltd | Disposed |
| District court, Gurdaspur, Punjab | Cheque dishonour complaint | Filed by the company against Amira Pure Foods Pvt Ltd | Disposed |
| District court, Gurdaspur, Punjab | Appeal | Filed against the company by Shri Sai Ram Trading Company | Pending |
To see the full case history of Gurdaspur Overseas 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 Gurdaspur Overseas Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gurdaspur Overseas Limited has a workforce of 10 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Gurdaspur Overseas has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCG6770H1ZO | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gurdaspur Overseas Limited, buy the company report.
Recent activity
Gurdaspur Overseas Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Asha Mittal ceased to be Director on 15 Jan 2016.
1 earlier event is in the company report.
Frequently asked questions
Gurdaspur Overseas 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.
Gurdaspur Overseas is a company under liquidation, formerly operating as a public limited company based in Gurdaspur, Punjab, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 18 September 2009 and is registered under CIN U15400PB2009PLC033246. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gurdaspur Overseas has 3 current directors:
- Bal Krishan Mittal - Managing Director
- Rajan Mittal - Director
- Aman Mittal - Director
The latest financial statements of Gurdaspur Overseas 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 Gurdaspur Overseas is U15400PB2009PLC033246. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gurdaspur Overseas has open charges of ₹192.3 Cr and no satisfied charges on record as per latest MCA filings.
Gurdaspur Overseas has 33 court cases on record: 15 filed by the company and 18 filed against it. 9 are pending. Most are in the district courts.
Gurdaspur Overseas was incorporated on 18 September 2009. It is registered with the Registrar of Companies, Chandigarh.
Asha Mittal ceased to be Director on 15 Jan 2016. Bal Krishan Mittal ceased to be Director on 05 Jun 2013. Aman Mittal was appointed as Director on 18 Sep 2009. Gurdaspur Overseas has 5 board changes on record in total.
The registered office of Gurdaspur Overseas is at Village Tugalwal Beri Road Teh, Gurdaspur, Punjab, India – 143521.