About Lathangi Automobiles Private Limited
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Lathangi Automobiles Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 27 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U50403KA2002PTC031280. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Meda Panduranga Setty Vikram (Managing Director) and Meda Vikram Ramavathi.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at #688 100 Ft Ring Road 15th Cross Jp Nagar 2nd Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.16 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹1.66 Cr (net margin -39.8%) and EBITDA of ₹1.74 Cr (EBITDA margin 41.8%).
The company has about 145 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹17 Cr and satisfied charges of ₹1.7 Cr on record. Court records list 7 cases involving the company, including 7 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website lathangi.com.
Company details
Contact details
Lathangi Automobiles Private Limited's registered office is in Bangalore, Karnataka. Its website is lathangi.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address#688 100 Ft Ring Road 15th Cross Jp Nagar 2nd Phase, Bangalore, Karnataka, India – 560078
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Lathangi Automobiles 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 Lathangi Automobiles is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Lathangi Automobiles Private Limited, buy the company report.
Financials of Lathangi Automobiles Private Limited
FY 2016 filings availableLathangi Automobiles Private Limited reported revenue of ₹4.16 Cr (down 34% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year. EBITDA rose 181% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹4.16 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.74 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.66 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 41.8% | |
| Net Profit Margin | -39.8% | |
| 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 Lathangi Automobiles Private Limited, buy the company report.
Board of directors of Lathangi Automobiles Private Limited
Lathangi Automobiles has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meda Panduranga Setty Vikram Also directs: Lathangi Motors Private Limited, Yashaswini Motors Private Limited, Lathangi Cycle and Carriage Private Limited and 1 more | Managing Director | 27 Nov 2002 | 23 Years 11 Months | Current |
| Meda Vikram Ramavathi | Director | 27 Nov 2002 | 23 Years 11 Months | Current |
| Vasanadu Sathish Also directs: Mysore Fertiliser Company Private Limited | Director | 29 Nov 2002 | 23 Years 11 Months | Current |
Shareholding
The shareholding of Lathangi Automobiles Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lathangi Automobiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2014 | 10503086 | Icici Bank Limited | ₹8 Cr | Open | |
| 15 Jan 2006 | 80042189 | State Bank of India | ₹9 Cr | Open | |
| 21 Aug 2003 | 90192734 | Uco Bank | ₹1.7 Cr | Satisfied |
To see the full charge records of Lathangi Automobiles Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Lathangi Automobiles Private Limited has 7 court cases on record: 7 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Icici Bank Ltd Rep by Mohammed Raheem | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Icici Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by The Assist/Deputy Commissioner of Central Tax Bengaluru | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by The Assist/Deputy Commissioner of Central Tax Bengaluru | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by Ugamraj Nahar HUF Rep by Kartha Ugamraj Nahar | Disposed |
To see the full case history of Lathangi Automobiles 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 Lathangi Automobiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lathangi Automobiles Private Limited has a workforce of 145 employees on its EPFO records as of Jun 2016, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2016-17 | 145 |
| FY 2015-16 |
To see the full employee and EPFO history of Lathangi Automobiles Private Limited, buy the company report.
GST
Lathangi Automobiles 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 Lathangi Automobiles Private Limited, buy the company report.
Recent activity
Lathangi Automobiles Private Limited has 4 board changes on record since 2002: 3 appointments and 1 cessation. The latest: Meda Kasturi Ranga Panduranga Setty ceased to be Director on 11 Mar 2017.
1 earlier event is in the company report.
Frequently asked questions
Lathangi Automobiles is an active private limited company based in Bangalore, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 27 November 2002 (24+ years old) and is registered under CIN U50403KA2002PTC031280.
Lathangi Automobiles has 3 current directors:
- Meda Panduranga Setty Vikram - Managing Director
- Meda Vikram Ramavathi - Director
- Vasanadu Sathish - Director
The latest financial statements of Lathangi Automobiles on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Lathangi Automobiles has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Lathangi Automobiles is U50403KA2002PTC031280. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lathangi Automobiles has 7 court cases on record: 7 filed against it. 1 is pending.
Lathangi Automobiles was incorporated on 27 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Meda Kasturi Ranga Panduranga Setty ceased to be Director on 11 Mar 2017. Vasanadu Sathish was appointed as Director on 29 Nov 2002. Meda Panduranga Setty Vikram was appointed as Managing Director on 27 Nov 2002. Lathangi Automobiles has 4 board changes on record in total.
Lathangi Automobiles can be reached through the website lathangi.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Lathangi Automobiles is at #688 100 Ft Ring Road 15th Cross Jp Nagar 2nd Phase, Bangalore, Karnataka, India – 560078.
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