Latent Light Trading Private Limited
About Latent Light Trading Private Limited
Data last updated:
Latent Light Trading Private Limited was a private limited company based in Delhi, India, operated as a subsidiary of Latent Light Corporation Private 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 jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 03 March 2011.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U36911DL2011PTC215127. Its GSTIN is 07AAECG1848H1ZM (Delhi).
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.44 Cr. It was formerly known as Galaxy Gems Jewels & Handicrafts Private Limited. It was led by directors including Deepak Nagar and Dalip Nagar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at C – 3/7 Safdarjung Development Area, Delhi, India – 110016.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.81 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹50.53 Lakh (net margin -27.9%) and EBITDA of -₹47.58 Lakh (EBITDA margin -26.2%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 22% over five years.
As per MCA filings, the company had satisfied charges of ₹1.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Latent Light Trading Private Limited's registered office is in Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressC – 3/7 Safdarjung Development Area, Delhi, India – 110016
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Latent Light Trading 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 Latent Light Trading is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Latent Light Trading Private Limited, buy the company report.
Financials of Latent Light Trading Private Limited
FY 2022 filings availableLatent Light Trading Private Limited reported revenue of ₹1.81 Cr (down 47% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 47% fall in the latest year. EBITDA fell 298% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹47.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹50.53 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.2% | ||||
| Net Profit Margin | -27.9% | ||||
| 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 Latent Light Trading Private Limited, buy the company report.
Board of directors of Latent Light Trading Private Limited
Latent Light Trading has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Nagar Also directs: A & A Hospitality & Investment LLP, N G C & Associates LLP, N G C & Company LLP and 1 more | Director | 23 Sep 2017 | 9 Years 1 Months | As last reported |
| Dalip Nagar | Director | 09 Dec 2016 | 9 Years 10 Months | As last reported |
| Dharmender Singhal | Director | 31 Mar 2020 | 6 Years 7 Months | As last reported |
Auditor
Latent Light Trading Private Limited is audited by DIVYANK KHULLAR & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIVYANK KHULLAR & ASSOCIATES | FY 2021 | 025755N |
Shareholding
The shareholding of Latent Light Trading Private Limited is on record for 5 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Latent Light Trading Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2012 | 10353352 | Kotak Mahindra Bank Limited | ₹1.5 Cr | Satisfied |
To see the full charge records of Latent Light Trading Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Latent Light Trading Private Limited has 2 court cases on record: 2 filed by Latent Light Trading. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, New Delhi Bench Court-III | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, New Delhi Bench Court-III | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Latent Light Trading 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 Latent Light Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Latent Light Trading has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECG1848H1ZM | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Latent Light Trading Private Limited, buy the company report.
Recent activity
Latent Light Trading Private Limited has 10 board changes on record since 2015: 3 appointments and 7 cessations. The latest: Kapil Singhal ceased to be Director on 20 Feb 2023.
3 earlier events are in the company report.
Frequently asked questions
Latent Light Trading 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.
Latent Light Trading was a private limited company based in Delhi, India. The company worked in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 03 March 2011 and is registered under CIN U36911DL2011PTC215127. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Latent Light Trading was incorporated on 03 March 2011. It is registered with the Registrar of Companies, Delhi.
Latent Light Trading had 3 directors:
- Deepak Nagar - Director
- Dalip Nagar - Director
- Dharmender Singhal - Director
The CIN (Corporate Identification Number) of Latent Light Trading is U36911DL2011PTC215127. 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 Latent Light Trading is at C – 37 Safdarjung Development Area, Delhi, India – 110016.
The latest financial statements of Latent Light Trading on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Latent Light Trading is 07AAECG1848H1ZM, registered in Delhi.
Latent Light Trading operated in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
Latent Light Trading has 2 court cases on record: 2 filed by the company.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
