M R Italian Chains Limited
About M R Italian Chains Limited
Data last updated:
M R Italian Chains Limited is a public limited company based in New Delhi, Delhi, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 05 June 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL1990PLC040406. Its GSTIN is 07AAACG0980C1Z1 (Delhi).
The company has an authorised share capital of ₹9.4 Cr and a paid-up capital of ₹7.66 Cr. It is led by directors including Sandeep Verma and Radhika Verma.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 3160/34 Third Floor Saraswati Marg Beadon Pura Karol Bagh, New Delhi, Delhi, India – 110005.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.15 Lakh, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹19.66 Lakh (net margin -474.3%) and EBITDA of -₹5.66 Lakh (EBITDA margin -136.7%). Revenue has declined at a compounded annual rate (CAGR) of 83% over three years and 64% over five years.
As per MCA filings, the company has satisfied charges of ₹32.85 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
M R Italian Chains Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3160/34 Third Floor Saraswati Marg Beadon Pura Karol Bagh, New Delhi, Delhi, India – 110005
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of M R Italian Chains 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 M R Italian Chains 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 M R Italian Chains Limited, buy the company report.
Financials of M R Italian Chains Limited
FY 2020 filings availableM R Italian Chains Limited reported revenue of ₹4.15 Lakh (up 33% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 33% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 64%. EBITDA rose 78% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.15 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.66 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -136.7% | ||||
| Net Profit Margin | -474.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 M R Italian Chains Limited, buy the company report.
Board of directors of M R Italian Chains Limited
M R Italian Chains has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Verma | Director | 15 Jan 2009 | 17 Years 9 Months | Current |
| Radhika Verma Also directs: Vikas Jewels Private Limited | Director | 18 Apr 2014 | 12 Years 6 Months | Current |
| Jyoti Verma | Director | 14 May 2014 | 12 Years 5 Months | Current |
Auditor
M R Italian Chains Limited is audited by ATULYA JAIN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ATULYA JAIN & CO | FY 2018 | 008530N |
Shareholding
The shareholding of M R Italian Chains Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of M R Italian Chains Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2011 | 10292256 | Punjab National Bank | ₹4.5 Cr | Satisfied | |
| 03 Feb 2011 | 10270161 | Punjab National Bank | ₹4.5 Cr | Satisfied | |
| 23 Oct 2010 | 10250778 | Punjab National Bank | ₹5 Cr | Satisfied | |
| 01 Feb 2010 | 10203749 | Punjab National Bank | ₹18.5 Cr | Satisfied | |
| 27 Apr 2006 | 10004859 | The Bank of Maharashtra Limited | ₹35 Lakh | Satisfied |
To see the full charge records of M R Italian Chains Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
M R Italian Chains Limited has 4 court cases on record: 3 filed by M R Italian Chains, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 0 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Criminal case | Filed against the company by Registrar of Companies | Disposed |
| District court, Central, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of M R Italian Chains 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 M R Italian Chains Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M R Italian Chains has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACG0980C1Z1 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of M R Italian Chains Limited, buy the company report.
Recent activity
M R Italian Chains Limited has 11 board changes on record since 2008: 3 appointments and 8 cessations. The latest: Sanjay Singh ceased to be Director on 18 Aug 2020.
13 earlier events are in the company report.
Frequently asked questions
M R Italian Chains is an active public limited company based in New Delhi, Delhi, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 05 June 1990 (36+ years old) and is registered under CIN U51909DL1990PLC040406.
M R Italian Chains has 3 current directors:
- Sandeep Verma - Director
- Radhika Verma - Director
- Jyoti Verma - Director
The latest financial statements of M R Italian Chains on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of M R Italian Chains is 07AAACG0980C1Z1, registered in Delhi.
The CIN (Corporate Identification Number) of M R Italian Chains is U51909DL1990PLC040406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M R Italian Chains has 4 court cases on record: 3 filed by the company and 1 filed against it.
M R Italian Chains was incorporated on 05 June 1990, making it 36+ years old. It is registered with the Registrar of Companies, Delhi.
Sanjay Singh ceased to be Director on 18 Aug 2020. Jyoti Verma ceased to be Additional Director on 25 Aug 2014. Jyoti Verma was appointed as Director on 14 May 2014. M R Italian Chains has 11 board changes on record in total.
The registered office of M R Italian Chains is at 316034 Third Floor Saraswati Marg Beadon Pura Karol Bagh, New Delhi, Delhi, India – 110005.
M R Italian Chains operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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