L B Gates Private Limited
About L B Gates Private Limited
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L B Gates Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the hostel segment of the tourism and accommodation sector. It was incorporated on 25 September 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA1997PTC022824. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Venkateswara Gangishetty Rao (Managing Director) and Lakshmi Devamma Mysore Anantharam.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No. 200/3 R.V.Road Jayanagar, Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2020, the company reported a revenue of ₹12.08 Lakh, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹70,793 (net margin -5.9%) and EBITDA of ₹7.02 Lakh (EBITDA margin 58.1%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 9% over five years.
As per MCA filings, the company has satisfied charges of ₹1.75 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
L B Gates has one previous CIN (Corporate Identification Number): U07010KA1997PTC022824. The current CIN is U70100KA1997PTC022824, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100KA1997PTC022824 | Current |
| U07010KA1997PTC022824 | Previous |
Contact details
L B Gates Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 200/3 R.V.Road Jayanagar, Bangalore, Karnataka, India – 560004
- IndustryTourism And Accommodation, Hostel, Holiday Homes, Resorts, Inns, Accommodation Services By Hotel
To see the full contact details of L B Gates 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 L B Gates is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of L B Gates Private Limited, buy the company report.
Financials of L B Gates Private Limited
FY 2020 filings availableL B Gates Private Limited reported revenue of ₹12.08 Lakh (down 39% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 39% fall in the latest year. EBITDA fell 52% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.08 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹70,793 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.1% | ||||
| Net Profit Margin | -5.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of L B Gates Private Limited, buy the company report.
Board of directors of L B Gates Private Limited
L B Gates has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkateswara Gangishetty Rao | Managing Director | 25 Sep 1997 | 29 Years 1 Months | Current |
| Lakshmi Devamma Mysore Anantharam | Director | 25 Sep 1997 | 29 Years 1 Months | Current |
Auditor
L B Gates Private Limited is audited by P SRINIVASAN & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P SRINIVASAN & CO. | FY 2017 | 004056S |
Shareholding
The shareholding of L B Gates Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of L B Gates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2003 | 80065808 | Catholic Syrian Bank | ₹25 Lakh | Satisfied | |
| 06 Feb 2003 | 90194450 | Catholic Syrian Bank | ₹10 Lakh | Satisfied | |
| 12 Apr 2000 | 90192249 | Catholic Syrian Bank | ₹68.5 Lakh | Satisfied | |
| 12 Apr 2000 | 90194287 | Catholic Syrian Bank | ₹71.5 Lakh | Satisfied |
To see the full charge records of L B Gates Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving L B Gates Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for L B Gates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
L B Gates has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of L B Gates Private Limited, buy the company report.
Recent activity
L B Gates Private Limited has 2 board changes on record since 1997: 2 appointments. The latest: Lakshmi Devamma Mysore Anantharam was appointed as Director on 25 Sep 1997.
3 earlier events are in the company report.
Frequently asked questions
L B Gates is an active private limited company based in Bangalore, Karnataka, India. The company works in hostel, within the tourism and accommodation industry. It was incorporated on 25 September 1997 (29+ years old) and is registered under CIN U70100KA1997PTC022824.
L B Gates has 2 current directors:
- Venkateswara Gangishetty Rao - Managing Director
- Lakshmi Devamma Mysore Anantharam - Director
The latest financial statements of L B Gates on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. L B Gates has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of L B Gates is U70100KA1997PTC022824. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
L B Gates was incorporated on 25 September 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Lakshmi Devamma Mysore Anantharam was appointed as Director on 25 Sep 1997. Venkateswara Gangishetty Rao was appointed as Managing Director on 25 Sep 1997.
The registered office of L B Gates is at No. 2003 R.V.Road Jayanagar, Bangalore, Karnataka, India – 560004.
L B Gates operates in the tourism and accommodation industry, in the hostel segment.
L B Gates has no open charges and satisfied charges of ₹1.75 Cr as per latest MCA filings.