Mahaan Proteins Limited
About Mahaan Proteins Limited
Data last updated:
Mahaan Proteins 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 dairy products and milk processing segment of the food and beverages sector. It was incorporated on 11 June 1992.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U01111DL1992PLC049149. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹28 Cr and a paid-up capital of ₹27.83 Cr. It was formerly known as Lacto Protein India Limited. It is led by directors including Rajiv Goyal (Managing Director) and Sugendhr Pal.
Its last annual general meeting (AGM) was held on 08 June 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 78/3 2nd Floor Janpath, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.1 Cr, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹13.17 Cr (net margin -424.9%) and EBITDA of -₹10.42 Cr (EBITDA margin -336.3%). Revenue has declined at a compounded annual rate (CAGR) of 73% over three years.
As per MCA filings, the company has open charges of ₹44.18 Cr and satisfied charges of ₹70.36 Cr on record. Court records list 26 cases involving the company, including 13 filed by the company and 13 filed against it; 4 cases are pending.
Company details
Contact details
Mahaan Proteins Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address78/3 2nd Floor Janpath, New Delhi, Delhi, India – 110001
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Mahaan Proteins 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 Mahaan Proteins 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 Mahaan Proteins Limited, buy the company report.
Financials of Mahaan Proteins Limited
FY 2017 filings availableMahaan Proteins Limited reported revenue of ₹3.1 Cr (down 99% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over three years, including a 99% fall in the latest year. EBITDA rose 69% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3.1 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹10.42 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹13.17 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -336.3% | ||
| Net Profit Margin | -424.9% | ||
| 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 Mahaan Proteins Limited, buy the company report.
Board of directors of Mahaan Proteins Limited
Mahaan Proteins has 4 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Goyal | Managing Director | 31 Dec 2009 | 16 Years 9 Months | As last reported |
| Sugendhr Pal | Director | 08 Feb 2016 | 10 Years 8 Months | As last reported |
| Sunil Gandhi | Director | 08 Feb 2016 | 10 Years 8 Months | As last reported |
| Shaji Puliyamparambil Kumaran | Director | 09 Jul 2015 | 11 Years 3 Months | As last reported |
Auditor
Mahaan Proteins Limited is audited by NAYAK AGARWAL & COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAYAK AGARWAL & COMPANY | FY 2017 | 013647N |
Shareholding
The shareholding of Mahaan Proteins Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mahaan Proteins Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2015 | 10558325 | Rbl Bank Limited | ₹10 Cr | Open | |
| 05 Feb 2014 | 10487069 | The Karur Vysya Bank | ₹10.7 Lakh | Open | |
| 21 Nov 2013 | 10471850 | Sberbank | ₹12 Cr | Open | |
| 24 Dec 2012 | 10402737 | Corporation Bank | ₹22 Cr | Open | |
| 16 Jul 2012 | 10370851 | Karur Vysya Bank | ₹7.5 Lakh | Open |
To see the full charge records of Mahaan Proteins Limited, buy the company report.
Total charge records: 27 View all charges
Legal cases
Mahaan Proteins Limited has 26 court cases on record: 13 filed by Mahaan Proteins, 13 filed against it. 4 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 3 | 3 |
| District courts | 11 | 10 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by RBL Bank Ltd | Pending |
| District court, East, Delhi | Criminal case | Filed against the company by RBL Bank Ltd. | Disposed |
| District court, North West, Delhi | Criminal case | Filed against the company by M/S Kamdhenu Foods Ltd | Disposed |
| High Court, HARYANA | Criminal miscellaneous application | Filed against the company by an individual | Pending |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Mahaan Proteins 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 Mahaan Proteins Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mahaan Proteins Limited has 1 active EPFO establishment as of Apr 10, 2024.
GST
Mahaan Proteins 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 Mahaan Proteins Limited, buy the company report.
Recent activity
Mahaan Proteins Limited has 34 board changes on record since 2007: 4 appointments and 30 cessations. The latest: Bibekananda Rath ceased to be Director on 15 Mar 2016.
90 earlier events are in the company report.
Frequently asked questions
Mahaan Proteins 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.
Mahaan Proteins is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 11 June 1992 and is registered under CIN U01111DL1992PLC049149. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mahaan Proteins has 4 current directors:
- Rajiv Goyal - Managing Director
- Sugendhr Pal - Director
- Sunil Gandhi - Director
- Shaji Puliyamparambil Kumaran - Director
The latest financial statements of Mahaan Proteins on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 08 June 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mahaan Proteins is U01111DL1992PLC049149. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahaan Proteins has open charges of ₹44.18 Cr and satisfied charges of ₹70.36 Cr as per latest MCA filings.
Mahaan Proteins has 26 court cases on record: 13 filed by the company and 13 filed against it. 4 are pending. Most are in the high courts.
Mahaan Proteins was incorporated on 11 June 1992. It is registered with the Registrar of Companies, Delhi.
Bibekananda Rath ceased to be Director on 15 Mar 2016. Yogesh Kumar Chouhan ceased to be Company Secretary on 12 Mar 2016. Sugendhr Pal was appointed as Director on 08 Feb 2016. Mahaan Proteins has 34 board changes on record in total.
The registered office of Mahaan Proteins is at 783 2nd Floor Janpath, New Delhi, Delhi, India – 110001.