Lasco Lifestyle Limited.
About Lasco Lifestyle Limited.
Data last updated:
Lasco Lifestyle Limited. is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Reacon Traders Pvt Ltd. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 02 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17116MH2004PLC261747.
The company has an authorised share capital of ₹4.27 Cr and a paid-up capital of ₹4.25 Cr. It was formerly known as Dmt Creation Limited and Dmt Creation Private Limited. It is led by directors including Manju Vijaykumar Poddar and Renu Lalit Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 331 A Badamwadi 1st Floor Room No 74 Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2015, the company reported a revenue of ₹161.45 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹24.94 Lakh (net margin 0.2%) and EBITDA of ₹5.74 Cr (EBITDA margin 3.6%).
As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹17.3 Cr on record. Court records list 13 cases involving the company, including 13 filed against it. The company has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹20.53 Cr; the latest was in March 2014.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Lasco Lifestyle Limited has undergone 3 name changes throughout its history. The company was previously known as Dmt Creation Limited, Dmt Creation Private Limited, and Dmt Creation Limited. The current legal name is Lasco Lifestyle Limited..
| Company Name | Status |
|---|---|
| Lasco Lifestyle Limited. | Current |
| Dmt Creation Limited | Previous |
| Dmt Creation Private Limited | Previous |
| Dmt Creation Limited | Previous |
CIN history
Lasco Lifestyle Limited has one previous CIN (Corporate Identification Number): U17116GJ2004PLC043431. The current CIN is U17116MH2004PLC261747, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17116MH2004PLC261747 | Current |
| U17116GJ2004PLC043431 | Previous |
Contact details
Lasco Lifestyle Limited.'s registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address331 A Badamwadi 1st Floor Room No 74 Kalbadevi Road, Mumbai, Maharashtra, India – 400002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Lasco Lifestyle 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 Lasco Lifestyle Limited.
FY 2015 filings availableLasco Lifestyle Limited. reported revenue of ₹161.45 Cr (down 11% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year. EBITDA rose 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹161.45 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹5.74 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹24.94 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 | |
| Cash and Bank Balance | |
| Total Assets | |
Financial Ratios
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 3.6% |
| Net Profit Margin | 0.2% |
| 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 Lasco Lifestyle Limited., buy the company report.
Board of directors of Lasco Lifestyle Limited.
Lasco Lifestyle Limited 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 |
|---|---|---|---|---|
| Manju Vijaykumar Poddar | Director | 04 Feb 2012 | 14 Years 9 Months | Current |
| Renu Lalit Agarwal Also directs: SG Tradelink Private Limited, Reacon Traders Pvt Ltd | Director | 02 Jan 2004 | 22 Years 10 Months | Current |
| Omprakash Ramchandra Agarwal Also directs: SG Tradelink Private Limited, Reacon Traders Pvt Ltd | Director | 27 Mar 2009 | 17 Years 7 Months | Current |
Auditor
Lasco Lifestyle Limited. is audited by A G K R AND CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A G K R AND CO | FY 2015 | 004740C |
Shareholding
The shareholding of Lasco Lifestyle Limited. is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Lasco Lifestyle Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2011 | 10283914 | Others | ₹30 Cr | Open | |
| 04 Apr 2011 | 10283913 | Bank of India | ₹30 Cr | Open | |
| 11 May 2009 | 10230525 | Idbi Bank Limited | ₹8 Cr | Satisfied | |
| 07 May 2009 | 10230524 | Idbi Bank Limited | ₹8 Cr | Satisfied | |
| 08 Mar 2004 | 90105347 | Central Bank of India | ₹1.3 Cr | Satisfied |
To see the full charge records of Lasco Lifestyle Limited., buy the company report.
Total charge records: 5 View all charges
Deals & funding
Lasco Lifestyle Limited. has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹20.53 Cr; the latest was in March 2014.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Funding round | ₹1.5 Cr | Investors: Jain Infracon Private Limited |
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: Reacon Traders Pvt Ltd Seller: As Infracon Private Limited , Jain Infracon Private Limited |
| Apr 2011 | Funding round | ₹7.42 Cr | Investors: Reacon Traders Pvt Ltd, Jain Infracon Private Limited , As Infracon Private Limited |
| May 2009 | Funding round | ₹5 Cr | Investors: Reacon Traders Pvt Ltd, Asian Financial Services Ltd , Raj Ratan Vinimay Private Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: SG Tradelink Private Limited Seller: Asian Financial Services Ltd , Raj Ratan Infracon Private Limited , Raj Ratan Vinimay Private Limited |
To see the full deal history of Lasco Lifestyle Limited., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Lasco Lifestyle Limited. has 13 court cases on record: 13 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 0 |
Cases on record (2 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Vishal Bharatbhai Barot Bajaj Finance Ltd | Disposed |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by Vishal Bharatbhai Barot Bajaj Finance Ltd | Disposed |
To see the full case history of Lasco Lifestyle 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.
Credit ratings & regulatory alerts
Lasco Lifestyle Limited. was last rated by Icra on 15 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Oct 2020 |
To see the full credit ratings and regulatory alerts of Lasco Lifestyle Limited., buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lasco Lifestyle Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Lasco Lifestyle Limited.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Lasco Lifestyle Limited. has 6 board changes on record since 2004: 3 appointments and 3 cessations. The latest: Navisha Manish Agarwal ceased to be Director on 06 Feb 2012.
9 earlier events are in the company report.
Frequently asked questions
Lasco Lifestyle Limited is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 02 January 2004 (22+ years old) and is registered under CIN U17116MH2004PLC261747.
Lasco Lifestyle Limited has 3 current directors:
- Manju Vijaykumar Poddar - Director
- Renu Lalit Agarwal - Director
- Omprakash Ramchandra Agarwal - Director
The latest financial statements of Lasco Lifestyle Limited on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Lasco Lifestyle Limited is U17116MH2004PLC261747. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lasco Lifestyle Limited has 13 court cases on record: 13 filed against it.
Lasco Lifestyle Limited was incorporated on 02 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Lasco Lifestyle Limited has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹20.53 Cr; the latest was in March 2014.
Navisha Manish Agarwal ceased to be Director on 06 Feb 2012. Manju Vijaykumar Poddar was appointed as Director on 04 Feb 2012. Lalit Omprakash Agarwal ceased to be Director on 28 Mar 2009. Lasco Lifestyle Limited has 6 board changes on record in total.
The registered office of Lasco Lifestyle Limited is at 331 A Badamwadi 1st Floor Room No 74 Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
Lasco Lifestyle Limited operates in the home and lifestyle industry, in the textile retail and distribution segment.
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