M.N. Horological Industries Private Limited
About M.N. Horological Industries Private Limited
Data last updated:
M.N. Horological Industries Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 01 April 2011.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U33309TN2011PTC079981. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.03 Cr. It was led by directors Govindji Mradulla Gandhi and Ashish Manik.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at No: 106 Alinjivakkam Village Jaganathapuram Ponneri Talluk Thiruvallur District, Chennai, Tamil Nadu, India – 600067.
As per the financials filed for FY 2018, the company reported a revenue of ₹12.95 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹29.43 Lakh (net margin -227.2%) and EBITDA of -₹4.46 Lakh (EBITDA margin -34.4%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years.
As per MCA filings, the company had open charges of ₹60 Lakh on record. Court records list 7 cases involving the company, including 7 filed against it; 1 case is pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹89 Lakh; the latest was in March 2016.
Company details
Contact details
M.N. Horological Industries Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo: 106 Alinjivakkam Village Jaganathapuram Ponneri Talluk Thiruvallur District, Chennai, Tamil Nadu, India – 600067
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of M.N. Horological Industries 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 M.N. Horological Industries 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 M.N. Horological Industries Private Limited, buy the company report.
Financials of M.N. Horological Industries Private Limited
FY 2018 filings availableM.N. Horological Industries Private Limited reported revenue of ₹12.95 Lakh (down 87% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over three years, including a 87% fall in the latest year. EBITDA fell 116% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | -₹4.46 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹29.43 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -34.4% | |||
| Net Profit Margin | -227.2% | |||
| 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.N. Horological Industries Private Limited, buy the company report.
Board of directors of M.N. Horological Industries Private Limited
M.N. Horological Industries 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 |
|---|---|---|---|---|
| Govindji Mradulla Gandhi | Director | 25 Nov 2013 | 12 Years 11 Months | As last reported |
| Ashish Manik | Director | 16 Feb 2012 | 14 Years 8 Months | As last reported |
Auditor
M.N. Horological Industries Private Limited is audited by V PATWA AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V PATWA AND CO | FY 2017 | 017413S |
Shareholding
The shareholding of M.N. Horological Industries Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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.N. Horological Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2015 | 100047947 | Vijaya Bank | ₹60 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
M.N. Horological Industries Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹89 Lakh; the latest was in March 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Oct 2013 | Funding round | ₹89 Lakh | Investors: 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
M.N. Horological Industries 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 |
|---|---|---|---|
| NCLT | 5 | 5 | 0 |
| District courts | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed against the company by Sr Marine and Offshore Engineering Pvt Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of M.N. Horological Industries 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 M.N. Horological Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M.N. Horological Industries has 2 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 M.N. Horological Industries Private Limited, buy the company report.
Recent activity
M.N. Horological Industries Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Govindji Mradulla Gandhi was appointed as Director on 25 Nov 2013.
Frequently asked questions
M.N. Horological Industries has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
M.N. Horological Industries was a private limited company based in Chennai, Tamil Nadu, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 01 April 2011 and is registered under CIN U33309TN2011PTC079981. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
M.N. Horological Industries was incorporated on 01 April 2011. It is registered with the Registrar of Companies, Chennai.
M.N. Horological Industries had 2 directors:
- Govindji Mradulla Gandhi - Director
- Ashish Manik - Director
The CIN (Corporate Identification Number) of M.N. Horological Industries is U33309TN2011PTC079981. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of M.N. Horological Industries is at No: 106 Alinjivakkam Village Jaganathapuram Ponneri Talluk Thiruvallur District, Chennai, Tamil Nadu, India – 600067.
The latest financial statements of M.N. Horological Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. M.N. Horological Industries has 2 GST registrations on record and all of them are cancelled or inactive.
M.N. Horological Industries operated in the consumer goods industry, in the watches and jewelry manufacturing segment.
M.N. Horological Industries has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹89 Lakh; the latest was in March 2016.
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