About Carona Limited
Data last updated:
Carona Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Khatau Makanji And Company Private Limited. 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 investment banking and advisory segment of the financial services sector. It was incorporated on 17 April 1943.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1943PLC009029. Its GSTIN is 30AAACC2073J1Z5 (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹8.21 Cr. It is led by directors including Kashinath Laxman Pansare and Anil Kishore Khatau.
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 is at A – 523 5th Floor Sussex Industrial Estate Dr. D K Cross Road Byculla – East, Mumbai, Maharashtra, India – 400027.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.11 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹2 Cr (net margin -180.8%) and EBITDA of -₹39.22 Lakh (EBITDA margin -35.4%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 17% over five years.
Court records list 763 cases involving the company, including 365 filed by the company and 398 filed against it; 66 cases are pending.
The last known website on record is caronaltd.com.
Company details
Contact details
Carona Limited's registered office is in Mumbai, Maharashtra. Its website is caronaltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 523 5th Floor Sussex Industrial Estate Dr. D K Cross Road Byculla – East, Mumbai, Maharashtra, India – 400027
- IndustryFinancial Services, Investment Banking & Advisory
To see the full contact details of Carona 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
Financials of Carona Limited
FY 2018 filings availableCarona Limited reported revenue of ₹1.11 Cr (down 36% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 36% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. 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 | ₹1.11 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹39.22 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2 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 | -35.4% | ||
| Net Profit Margin | -180.8% | ||
| 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 Carona Limited, buy the company report.
Board of directors of Carona Limited
Carona has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kashinath Laxman Pansare | Director | 20 Jun 2005 | 21 Years 4 Months | As last reported |
| Anil Kishore Khatau | Director | 15 Jul 1994 | 32 Years 3 Months | As last reported |
| Yashwant Tukaram Kadam | Director | 17 Sep 2003 | 23 Years 1 Months | As last reported |
Auditor
Carona Limited is audited by A F KHASGIWALA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A F KHASGIWALA & CO | FY 2017 | 105114W |
Shareholding
The shareholding of Carona Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Carona Limited, buy the company report.
Legal cases
Carona Limited has 763 court cases on record: 365 filed by Carona, 398 filed against it. 66 cases are pending and 697 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 439 | 164 | 20 |
| District courts | 312 | 231 | 45 |
| Supreme Court | 12 | 3 | 1 |
Cases on record (5 of 763)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed against the company by 3A Capital Services Ltd | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Indokem Limited | Pending |
| Bombay High Court | Court case (S) | Filed against the company by Indokem Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by The Funds and Properties of Parsi Panchayat THR Its Present Trustees Mr Viraf Dinshaw Mehta | Pending |
To see the full case history of Carona 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 Carona Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Carona has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACC2073J1Z5 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Carona Limited, buy the company report.
Recent activity
Carona Limited has 3 board changes on record since 1994: 3 appointments. The latest: Kashinath Laxman Pansare was appointed as Director on 20 Jun 2005.
Frequently asked questions
Carona 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.
Carona is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in investment banking and advisory, within the financial services industry. It was incorporated on 17 April 1943 and is registered under CIN U74999MH1943PLC009029. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Carona has 3 current directors:
- Kashinath Laxman Pansare - Director
- Anil Kishore Khatau - Director
- Yashwant Tukaram Kadam - Director
The latest financial statements of Carona 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.
The CIN (Corporate Identification Number) of Carona is U74999MH1943PLC009029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carona has 763 court cases on record: 365 filed by the company and 398 filed against it. 66 are pending. Most are in the high courts.
Carona was incorporated on 17 April 1943. It is registered with the Registrar of Companies, Mumbai.
Kashinath Laxman Pansare was appointed as Director on 20 Jun 2005. Yashwant Tukaram Kadam was appointed as Director on 17 Sep 2003. Anil Kishore Khatau was appointed as Director on 15 Jul 1994.
Carona can be reached through the website caronaltd.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Carona is at A – 523 5th Floor Sussex Industrial Estate Dr. D K Cross Road Byculla – East, Mumbai, Maharashtra, India – 400027.