About La Tim Sourcing (India) Private Limited
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La Tim Sourcing (India) Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of La Tim Metal & Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the construction materials segment of the manufacturing sector. It was incorporated on 21 December 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2000PTC130170. The company has 9 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.02 Cr. It was led by directors including Karna Kartik Timbadia and Kartik Maganlal Timbadia.
Its last annual general meeting (AGM) was held on 22 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 201 Navkar Plaza Bajaj Road Vile Parle (West), Mumbai, Maharashtra, India – 400056.
As per the financials filed for FY 2023, the company reported a revenue of ₹251.63 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹2.15 Cr (net margin -0.9%) and EBITDA of ₹6.01 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 16% over five years.
As per MCA filings, the company had satisfied charges of ₹11 Cr on record. Court records list 11 cases involving the company, including 7 filed by the company and 4 filed against it; 4 cases are pending. The company has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2 Cr; the latest was in March 2018. The company has 5 MSME Form 1 returns on record between 2018 and 2019, listing 32 overdue payments to 14 micro and small suppliers.
The last known website on record is latimsteel.com.
Company details
Contact details
La Tim Sourcing (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is latimsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address201 Navkar Plaza Bajaj Road Vile Parle (West), Mumbai, Maharashtra, India – 400056
- IndustryManufacturing, Construction Materials, Die Casting & Metal Forming
To see the full contact details of La Tim Sourcing (India) 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 activities of La Tim Sourcing (India) are trade and construction. In detail, this covers wholesale trading and buildings. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of La Tim Sourcing (India) Private Limited, buy the company report.
Financials of La Tim Sourcing (India) Private Limited
FY 2023 filings availableLa Tim Sourcing (India) Private Limited reported revenue of ₹251.63 Cr (down 51% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 51% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 74% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹251.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.01 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | -0.9% | ||||
| 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 La Tim Sourcing (India) Private Limited, buy the company report.
Board of directors of La Tim Sourcing (India) Private Limited
La Tim Sourcing (India) has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karna Kartik Timbadia Also directs: Latim Realty LLP, Coast to Coast Hospitality and Lifestyle LLP, Saj Hotels Limited and 1 more | Director | 28 Dec 2011 | 14 Years 9 Months | As last reported |
| Kartik Maganlal Timbadia | Director | 11 Jun 2003 | 23 Years 4 Months | As last reported |
| Rahul Maganlal Timbadia Also directs: La Proviso Infra Developers LLP, Saj Hotels Limited, La-Tim Life Style and Resorts Limited and 4 more | Director | 21 Dec 2000 | 25 Years 10 Months | As last reported |
| Parth Rahul Timbadia Also directs: Latim Realty LLP, La Proviso Infra Developers LLP, Coast to Coast Hospitality and Lifestyle LLP and 5 more | Director | 28 Dec 2011 | 14 Years 9 Months | As last reported |
Auditor
La Tim Sourcing (India) Private Limited is audited by Dhirubhai Shah & Co.LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dhirubhai Shah & Co.LLP | FY 2023 | 102511W/W100298 |
Shareholding
The shareholding of La Tim Sourcing (India) Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of La Tim Sourcing (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2010 | 10213951 | Union Bank of India | ₹11 Cr | Satisfied |
To see the full charge records of La Tim Sourcing (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
La Tim Sourcing (India) Private Limited has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2 Cr; the latest was in March 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Acquisition | Undisclosed | Buyer: La Tim Metal & Industries Limited Seller: 4 individuals |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2009 | Funding round | ₹2 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
La Tim Sourcing (India) Private Limited has 11 court cases on record: 7 filed by La Tim Sourcing (India), 4 filed against it. 4 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 3 |
| High courts | 3 | 1 | 0 |
| Supreme Court | 2 | 2 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against K R S Projects Pvt. Ltd. and 3 others | Disposed |
| Supreme Court | Court case | Filed against the company by Commissioner of Customs Pune | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against M/S Dilmax Traders and Ors and 2 others | Pending |
| Bombay High Court | Court case (RPW) | Filed against the company by The Commissioner of Customs Import, Ns-Iii, | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Union of India | Disposed |
To see the full case history of La Tim Sourcing (India) 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
La Tim Sourcing (India) Private Limited has 5 MSME Form 1 returns on record between 2018 and 2019, listing 32 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Gopal Krishna Papers Private Limited | |||
| Primary Solutions | |||
| Vapi Pharmaceuticals LLP |
To see the full MSME payment records of La Tim Sourcing (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
La Tim Sourcing (India) has 9 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 La Tim Sourcing (India) Private Limited, buy the company report.
Recent activity
La Tim Sourcing (India) Private Limited has 8 board changes on record since 2000: 4 appointments and 4 cessations. The latest: Karna Kartik Timbadia ceased to be Additional Director on 28 Sep 2012.
2 earlier events are in the company report.
Frequently asked questions
La Tim Sourcing (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
La Tim Sourcing (India) was a private limited company based in Mumbai, Maharashtra, India. The company worked in construction materials, within the manufacturing industry. It was incorporated on 21 December 2000 and is registered under CIN U51909MH2000PTC130170. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
La Tim Sourcing (India) was incorporated on 21 December 2000. It is registered with the Registrar of Companies, Mumbai.
La Tim Sourcing (India) had 4 directors:
- Karna Kartik Timbadia - Director
- Kartik Maganlal Timbadia - Director
- Rahul Maganlal Timbadia - Director
- Parth Rahul Timbadia - Director
The CIN (Corporate Identification Number) of La Tim Sourcing (India) is U51909MH2000PTC130170. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of La Tim Sourcing (India) is at 201 Navkar Plaza Bajaj Road Vile Parle West, Mumbai, Maharashtra, India – 400056.
La Tim Sourcing (India) can be reached through the website latimsteel.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of La Tim Sourcing (India) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 22 September 2023. Year-wise statements from 2015 are in the company report.
No. La Tim Sourcing (India) has 9 GST registrations on record and all of them are cancelled or inactive.
La Tim Sourcing (India) operated in the manufacturing industry, in the construction materials segment.
La Tim Sourcing (India) has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2 Cr; the latest was in March 2018.