About Lumax Automotive Systems Limited
Data last updated:
Lumax Automotive Systems Limited is a public limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 31 March 1999.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L72900DL1999PLC099103. The company has 4 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 30 May 2018 · winding up and from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹7.4 Cr. It is led by directors including Nitin Jain (Managing Director) and Umesh Kumar Jain.
Its last annual general meeting (AGM) was held on 28 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 63 – 64 Gokhale Market, New Delhi, Delhi, India – 110054.
As per the financials filed for FY 2015, the company reported a revenue of ₹68.57 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹14.5 Cr (net margin -21.1%) and EBITDA of -₹96.33 Lakh (EBITDA margin -1.4%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
The company is associated with 1 brand: Lumax Automotive Systems. As per MCA filings, the company has open charges of ₹48.62 Cr and satisfied charges of ₹30.78 Cr on record. Court records list 173 cases involving the company, including 4 filed by the company and 169 filed against it; 39 cases are pending. The company has 7 deals on record (7 market trades); the latest was in October 2015.
The last known website on record is lumaxauto.com.
Company details
CIN history
Lumax Automotive Systems has one previous CIN (Corporate Identification Number): U72900DL1999PLC099103. The current CIN is L72900DL1999PLC099103, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900DL1999PLC099103 | Current |
| U72900DL1999PLC099103 | Previous |
Contact details
Lumax Automotive Systems Limited's registered office is in New Delhi, Delhi. Its website is lumaxauto.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address63 – 64 Gokhale Market, New Delhi, Delhi, India – 110054
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Lumax Automotive Systems 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
Brands
Lumax Automotive Systems operates one associated brand: Lumax Automotive Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Automotive mirrors, filters, and injection moulds are manufactured. | lumaxauto.com |
Financials of Lumax Automotive Systems Limited
FY 2015 filings availableLumax Automotive Systems Limited reported revenue of ₹68.57 Cr (down 13% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over three years, including a 13% fall 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹68.57 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹96.33 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹14.5 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -1.4% |
| Net Profit Margin | -21.1% |
| 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 Lumax Automotive Systems Limited, buy the company report.
Board of directors of Lumax Automotive Systems Limited
Lumax Automotive Systems has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Jain Also directs: Lumax Automotive Components Systems Private Limited | Managing Director | 31 Oct 2003 | 23 Years 0 Months | As last reported |
| Vinod Jain | Additional Director | 10 Nov 2015 | 10 Years 11 Months | As last reported |
| Manoj Kumar Sharma | Additional Director | 12 Feb 2016 | 10 Years 8 Months | As last reported |
| Umesh Kumar Jain | Director | 15 Jan 2003 | 23 Years 9 Months | As last reported |
Auditor
Lumax Automotive Systems Limited is audited by R JAIN & SANJAY ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R JAIN & SANJAY ASSOCIATES | FY 2015 | 012377N |
Shareholding
The shareholding of Lumax Automotive Systems 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 Lumax Automotive Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2013 | 10436347 | Electronica Finance Limited | ₹35 Lakh | Open | |
| 02 Jan 2013 | 10395500 | Electronica Finance Limited | ₹60 Lakh | Open | |
| 31 Jul 2012 | 10369298 | Electronica Finance Limited | ₹1.5 Cr | Open | |
| 05 Mar 2010 | 10207444 | Idbi Bank Limited | ₹11 Cr | Open | |
| 05 Mar 2010 | 10208783 | Idbi Bank Limited | ₹6 Cr | Open |
To see the full charge records of Lumax Automotive Systems Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Lumax Automotive Systems Limited has 7 deals on record (7 market trades); the latest was in October 2015.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2015 | Market trade | ₹15.7 Lakh | Buyer: an individual Seller: an individual |
| Mar 2013 | Market trade | ₹24.6 Lakh | Buyer: Amrit Steels Private Limited Seller: Delhi Iron and Steel Company Private Limited |
| Oct 2010 | Market trade | ₹72.4 Lakh | Buyer: an individual Seller: an individual |
| Aug 2010 | Market trade | ₹71.2 Lakh | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited , an individual |
| Oct 2006 | Market trade | ₹32 Lakh | Buyer: an individual Seller: an individual |
To see the full deal history of Lumax Automotive Systems 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
Lumax Automotive Systems Limited has 173 court cases on record: 4 filed by Lumax Automotive Systems, 169 filed against it. 39 cases are pending and 134 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 146 | 146 | 32 |
| High courts | 27 | 23 | 7 |
Cases on record (5 of 173)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Court case (T.P. CRL) | Filed against the company by Aztech India Pvt. Ltd. | Disposed |
| High Court of Delhi | Court case (CO.APPL.(M)) | Filed against the company by Lumax Electronics Pvt. Ltd. & Ors. | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Ifci Factors Limited | Disposed |
| High Court, HARYANA | Criminal miscellaneous application | Filed against the company by individuals | Pending |
| High Court | Criminal miscellaneous application | Filed against the company by individuals | Pending |
To see the full case history of Lumax Automotive Systems 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 Lumax Automotive Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lumax Automotive Systems Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Lumax Automotive Systems has 4 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 Lumax Automotive Systems Limited, buy the company report.
Recent activity
Lumax Automotive Systems Limited has 32 board changes on record since 2003: 18 appointments and 14 cessations. The latest: Milan Jain ceased to be Whole-Time Director on 27 Jul 2016.
81 earlier events are in the company report.
News
Frequently asked questions
Lumax Automotive Systems is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Lumax Automotive Systems is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 31 March 1999 and is registered under CIN L72900DL1999PLC099103. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Lumax Automotive Systems has 4 current directors:
- Nitin Jain - Managing Director
- Vinod Jain - Additional Director
- Manoj Kumar Sharma - Additional Director
- Umesh Kumar Jain - Director
The latest financial statements of Lumax Automotive Systems on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 28 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Lumax Automotive Systems is L72900DL1999PLC099103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lumax Automotive Systems is recorded as a listed company by MCA, but its shares were delisted from NSE on 30 May 2018 · winding up and from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
Lumax Automotive Systems has open charges of ₹48.62 Cr and satisfied charges of ₹30.78 Cr as per latest MCA filings.
Lumax Automotive Systems has 173 court cases on record: 4 filed by the company and 169 filed against it. 39 are pending. Most are in the district courts.
Lumax Automotive Systems was incorporated on 31 March 1999. It is registered with the Registrar of Companies, Delhi.
Lumax Automotive Systems has 7 deals on record (7 market trades); the latest was in October 2015.
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