Karco Shipping Services Private Limited
About Karco Shipping Services Private Limited
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Karco Shipping Services Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the transportation and logistics segment of the transportation sector. It was incorporated on 14 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U63030AP2016PTC103464. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kondru Rao Jagadeeswara and Ronanki Vijaya Bhaskararao.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D.No.1 – 118 – 17 Mig – 171/12 Sector – 12 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.48 Lakh, a growth of 42% compared to the previous year. For the same year it recorded a net loss of ₹4,375 (net margin -1.3%) and EBITDA of -₹4,375 (EBITDA margin -1.3%).
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressD.No.1 – 118 – 17 Mig – 171/12 Sector – 12 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017
- IndustryTransportation, Transportation Services
- 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
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Business Activity of Karco Shipping Services Private Limited
The main business activity of Karco Shipping Services is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Karco Shipping Services Private Limited FY 2024 filings available
Karco Shipping Services Private Limited reported revenue of ₹3.48 Lakh (up 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Karco Shipping Services Private Limited
Revenue rose 42% in the latest year. EBITDA rose 34% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Karco Shipping Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4,375 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4,375 | •••• | •••• | •••• | •••• |
| 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 of Karco Shipping Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Karco Shipping Services are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Karco Shipping Services Private Limited
Karco Shipping Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kondru Rao Jagadeeswara | Director | 14 Jun 2016 | 10 Years 4 Months | Current |
| Ronanki Vijaya Bhaskararao | Additional Director | 27 Mar 2017 | 9 Years 6 Months | Current |
Peer Comparison of Karco Shipping Services Private Limited
Karco Shipping Services Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics, Shipping Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Krish Logtrade Private Limited | ₹3.52 Lakh (FY 2024) | •••• | •••• | -99.0% | •••• | Noida, Uttar Pradesh, India |
| Dittany Logistics (India) Private Limited | ₹3.51 Lakh (FY 2024) | •••• | •••• | -67.0% | •••• | New Panvel, Maharashtra, India |
| Pet Entrepot Private Limited | ₹3.49 Lakh (FY 2022) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| GPS Nirman Private Limited | ₹3.49 Lakh (FY 2022) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Vardhman Logistics Private Limited | ₹3.48 Lakh (FY 2025) | •••• | •••• | -84.0% | •••• | Chennai, Tamil Nadu, India |
| Karco Shipping Services Private Limited this company | ₹3.48 Lakh (FY 2024) | •••• | •••• | 42.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Speedel Logistics Limited | ₹3.47 Lakh (FY 2020) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Vinayak Shipping Services Private Limited | ₹3.47 Lakh (FY 2023) | •••• | •••• | -16.0% | •••• | Indore, Madhya Pradesh, India |
| Rajaram Bandeker and Sons (Shipping) Private Limited | ₹3.45 Lakh (FY 2024) | •••• | •••• | •••• | Vasco Da Gama, Goa, India | |
| Indioc Synergy Shipping Private Limited | ₹3.4 Lakh (FY 2024) | •••• | •••• | 199.0% | •••• | Chennai, Tamil Nadu, India |
| Kathiawar Shipping Private Limited | ₹3.4 Lakh (FY 2025) | •••• | •••• | -91.0% | •••• | Jamnagar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Karco Shipping Services by revenue in the Transport and Logistics industry (Diversified Logistics, Shipping Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Karco Shipping Services Private Limited
Karco Shipping Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Karco Shipping Services Private Limited
Employment history and EPFO contributions of people linked to Karco Shipping Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Karco Shipping Services Private Limited
Karco Shipping Services Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Bairi Ramu ceased to be Director on 27 Mar 2017.
Credit Ratings, Litigation & Regulatory Alerts for Karco Shipping Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Karco Shipping Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Karco Shipping Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Karco Shipping Services Private Limited
Karco Shipping Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Karco Shipping Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Karco Shipping Services Private Limited
Karco Shipping Services is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in transportation services, within the transportation industry. It was incorporated on 14 June 2016 (10+ years old) and is registered under CIN U63030AP2016PTC103464.
Karco Shipping Services reported revenue of ₹3.48 Lakh for FY 2024 (up 42% YoY).
Karco Shipping Services has 2 current directors:
- Kondru Rao Jagadeeswara - Director
- Ronanki Vijaya Bhaskararao - Additional Director
Karco Shipping Services reported a net loss of ₹4,375 (net margin -1.3%) and EBITDA of -₹4,375 (EBITDA margin -1.3%) for FY 2024, as per its filed financial statements.
No. Karco Shipping Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Karco Shipping Services is U63030AP2016PTC103464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karco Shipping Services was incorporated on 14 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Karco Shipping Services by revenue are Krish Logtrade Private Limited, Dittany Logistics (India) Private Limited, Pet Entrepot Private Limited, GPS Nirman Private Limited, Vardhman Logistics Private Limited and 5 more, all in the Transport and Logistics industry (Diversified Logistics, Shipping Services).
Bairi Ramu ceased to be Director on 27 Mar 2017. Ronanki Vijaya Bhaskararao was appointed as Additional Director on 27 Mar 2017. Kondru Rao Jagadeeswara was appointed as Director on 14 Jun 2016.
The registered office of Karco Shipping Services is at D.No.1 – 118 – 17 Mig – 17112 Sector – 12 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017.
Karco Shipping Services has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.