Time Master India Private Limited
About Time Master India Private Limited
Data last updated:
Time Master India Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Tmx Limited N.V.. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 05 August 1994.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1994PTC060706.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.4 Cr. It was led by directors Naresh Kumar and Sunil Kumar Mehta.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 48/5 Basant Lok Vasant Vihar, New Delhi, Delhi, India – 110057.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.31 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹10.16 Lakh (net margin -306.7%) and EBITDA of -₹10.16 Lakh (EBITDA margin -306.7%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years.
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
Company details
Contact details
Time Master India Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address48/5 Basant Lok Vasant Vihar, New Delhi, Delhi, India – 110057
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Time Master India 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 Time Master India 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 |
Financials of Time Master India Private Limited
FY 2019 filings availableTime Master India Private Limited reported revenue of ₹3.31 Lakh (down 34% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over three years, including a 34% fall in the latest year. EBITDA rose 48% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.31 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹10.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.16 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -306.7% | ||||
| Net Profit Margin | -306.7% | ||||
| 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 Time Master India Private Limited, buy the company report.
Board of directors of Time Master India Private Limited
Time Master India has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Kumar Also directs: Pinnacle Buildtech Private Limited, Versatile Buildtech Private Limited, Manu Colonizers Private Limited and 5 more | Additional Director | 14 Nov 2019 | 6 Years 11 Months | As last reported |
| Sunil Kumar Mehta Also directs: Global Paving and Construction Private Limited, Jupeeter Polyflex Private Limited, Jupeeter Polyflex Private Limited and 4 more | Additional Director | 14 Nov 2019 | 6 Years 11 Months | As last reported |
Peer comparison
Time Master India Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Igje Private Limited | ₹3.4 Lakh (FY 2024) | Secunderabad, Telangana, India | ||||
| Time Master India Private Limitedthis company | ₹3.31 Lakh (FY 2019) | -₹10.16 Lakh | -306.7% | -34.0% | New Delhi, Delhi, India | |
| Cibi Diamonds India Private Limited | ₹3.28 Lakh (FY 2024) | 287.0% | Tirupur, Tamil Nadu, India | |||
| New Lakshmi Jewellery Private Limited | ₹3.26 Lakh (FY 2017) | 5.0% | Tiruchirappalli, Tamil Nadu, India |
To see the full peer comparison of Time Master India Private Limited, buy the company report.
Auditor
Time Master India Private Limited is audited by A P U & COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P U & COMPANY | FY 2019 | 019542N |
Shareholding
The shareholding of Time Master India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Time Master India Private Limited, buy the company report.
Legal cases
Time Master India Private Limited has 3 court cases on record: 2 filed by Time Master India, 1 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (LAC) | Filed by the company against State of Haryana Through Lac | Pending |
| District court, Gurugram, Haryana | Civil miscellaneous application | Filed by the company against State of Haryana Through Collector | Disposed |
| High Court, HARYANA | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Time Master India 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 Time Master India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Time Master India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Time Master India Private Limited has 13 board changes on record since 2007: 2 appointments and 11 cessations. The latest: Amit Jain ceased to be Director on 18 Nov 2019.
4 earlier events are in the company report.
Frequently asked questions
Time Master India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Time Master India was a private limited company based in New Delhi, Delhi, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 05 August 1994 and is registered under CIN U74899DL1994PTC060706. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Time Master India was incorporated on 05 August 1994. It is registered with the Registrar of Companies, Delhi.
Time Master India had 2 directors:
- Naresh Kumar - Additional Director
- Sunil Kumar Mehta - Additional Director
The CIN (Corporate Identification Number) of Time Master India is U74899DL1994PTC060706. 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 Time Master India is at 485 Basant Lok Vasant Vihar, New Delhi, Delhi, India – 110057.
The latest financial statements of Time Master India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
Time Master India operated in the consumer goods industry, in the watches and jewelry manufacturing segment.
The peers of Time Master India by revenue are Igje Private Limited, Cibi Diamonds India Private Limited, New Lakshmi Jewellery Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Time Master India has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Amit Jain ceased to be Director on 18 Nov 2019. Dhiraj Kumar Maggo ceased to be Director on 18 Nov 2019. David Thomas Payne ceased to be Director on 14 Nov 2019. Time Master India has 13 board changes on record in total.