Laxmi Grains Private Limited
About Laxmi Grains Private Limited
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Laxmi Grains Private Limited is a private limited company based in Karnal, Haryana, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 08 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U01403HR2011PTC042025. The company has 1 GST registration on record, which is no longer active.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 ₹1.11 Cr. It is led by directors Harbans Lal Miglani and Raj Kumari.
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 1115 Sector – 6 Urban Estate, Karnal, Haryana, India – 136026.
As per the financials filed for FY 2016, the company reported a revenue of ₹21.31 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹5.12 Cr (net margin -24%) and EBITDA of -₹3.9 Cr (EBITDA margin -18.3%).
As per MCA filings, the company has open charges of ₹19.07 Cr on record. Court records list 16 cases involving the company, including 6 filed by the company and 10 filed against it; 6 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Laxmi Grains Private Limited's registered office is in Karnal, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1115 Sector – 6 Urban Estate, Karnal, Haryana, India – 136026
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Laxmi Grains 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 Laxmi Grains 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 Laxmi Grains Private Limited, buy the company report.
Financials of Laxmi Grains Private Limited
FY 2016 filings availableLaxmi Grains Private Limited reported revenue of ₹21.31 Cr (down 65% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year. EBITDA fell 254% 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 | ₹21.31 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹3.9 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹5.12 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 | -18.3% | |
| Net Profit Margin | -24% | |
| 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 Laxmi Grains Private Limited, buy the company report.
Board of directors of Laxmi Grains Private Limited
Laxmi Grains has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harbans Lal Miglani | Director | 08 Feb 2011 | 15 Years 8 Months | Current |
| Raj Kumari | Director | 10 Oct 2015 | 11 Years 0 Months | Current |
Peer comparison
Laxmi Grains Private Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Malhotra Rice Industries Private Limited | ₹21.43 Cr (FY 2025) | 30.0% | Shahjahanpur, Uttar Pradesh, India | |||
| Quality NZ Imports Private Limited | ₹21.34 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Agripex Intercontinental Private Limited | ₹21.32 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India | |||
| Laxmi Grains Private Limitedthis company | ₹21.31 Cr (FY 2016) | -₹5.12 Cr | -24% | -65.0% | Karnal, Haryana, India | |
| JKD International Private Limited | ₹21.3 Cr (FY 2025) | -60.0% | Noida, Uttar Pradesh, India | |||
| Asharaj Agri Products Private Limited | ₹21.28 Cr (FY 2025) | -32.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Laxmi Grains Private Limited, buy the company report.
Auditor
Laxmi Grains Private Limited is audited by VINEY GOEL & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINEY GOEL & ASSOCIATES | FY 2016 | 012188N |
Shareholding
The shareholding of Laxmi Grains Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Laxmi Grains Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2011 | 10327427 | State Bank of India | ₹19.07 Cr | Open |
To see the full charge records of Laxmi Grains Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Laxmi Grains Private Limited has 16 court cases on record: 6 filed by Laxmi Grains, 10 filed against it. 6 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 10 | 6 |
| High courts | 5 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Karnal, Haryana | Execution petition | Filed against the company by HDB Financial Services Ltd | Disposed |
| District court, Karnal, Haryana | Arbitration matter | Filed by the company against HDB Financial Services Ltd. and 1 other | Disposed |
| District court, Hisar, Haryana | Court case (CRA.) | Filed against the company | Pending |
| District court, Kaithal, Haryana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Kaithal, Haryana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
To see the full case history of Laxmi Grains 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 Laxmi Grains Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Laxmi Grains 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 Laxmi Grains Private Limited, buy the company report.
Recent activity
Laxmi Grains Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Raj Kumari was appointed as Director on 10 Oct 2015.
Frequently asked questions
Laxmi Grains is an active private limited company based in Karnal, Haryana, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 08 February 2011 (15+ years old) and is registered under CIN U01403HR2011PTC042025.
Laxmi Grains has 2 current directors:
- Harbans Lal Miglani - Director
- Raj Kumari - Director
The latest financial statements of Laxmi Grains 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. Laxmi Grains has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Laxmi Grains is U01403HR2011PTC042025. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Laxmi Grains has 16 court cases on record: 6 filed by the company and 10 filed against it. 6 are pending. Most are in the district courts.
Laxmi Grains was incorporated on 08 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Laxmi Grains by revenue are Malhotra Rice Industries Private Limited, Quality NZ Imports Private Limited, Agripex Intercontinental Private Limited, JKD International Private Limited, Asharaj Agri Products Private Limited, all in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).
Raj Kumari was appointed as Director on 10 Oct 2015. Rakesh Kumar Miglani ceased to be Director on 10 Oct 2015. Sumit Miglani ceased to be Director on 10 Oct 2015. Laxmi Grains has 4 board changes on record in total.
The registered office of Laxmi Grains is at 1115 Sector – 6 Urban Estate, Karnal, Haryana, India – 136026.
Laxmi Grains operates in the food and beverages industry, in the food and beverage retail and distribution segment.