About Karma Spices Private Limited
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Karma Spices Private Limited is a private limited company based in Navsari, Gujarat, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 14 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15495GJ2005PTC045674. Its GSTIN is 24AACCK5380N1Z8 (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mahesh Hirabhai Karadia and Ketan Chimanlal Dhruv.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Ground Floor Hotel Sarvodayabuilding Opp Railway Station, Navsari, Gujarat, India – 396445.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.2 Lakh. For the same year it recorded a net loss of ₹2.4 Lakh (net margin -200.1%) and EBITDA of -₹1.54 Lakh (EBITDA margin -128.2%). Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 66% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
Court records list 5 cases involving the company, including 5 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website karmaspices.com.
Company details
Contact details
Karma Spices Private Limited's registered office is in Navsari, Gujarat. Its website is karmaspices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Floor Hotel Sarvodayabuilding Opp Railway Station, Navsari, Gujarat, India – 396445
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Karma Spices 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
Financials of Karma Spices Private Limited
FY 2020 filings availableKarma Spices Private Limited reported revenue of ₹1.2 Lakh for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years. EBITDA fell 58% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.2 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.54 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.4 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -128.2% | ||||
| Net Profit Margin | -200.1% | ||||
| 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 Karma Spices Private Limited, buy the company report.
Board of directors of Karma Spices Private Limited
Karma Spices has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Hirabhai Karadia Also directs: Eurasia Agro Foods Private Limited | Director | 14 Mar 2005 | 21 Years 7 Months | Current |
| Ketan Chimanlal Dhruv Also directs: Eurasia Agro Foods Private Limited | Director | 27 Nov 2009 | 16 Years 11 Months | Current |
Auditor
Karma Spices Private Limited is audited by JAGIWALA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAGIWALA & CO | FY 2020 | 131184W |
Shareholding
The shareholding of Karma Spices Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Karma Spices Private Limited, buy the company report.
Legal cases
Karma Spices Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by C E L Packaging Pvt.Ltd | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed against the company by Mohmad Irfan Abdul Kadar Lala,Authorised Signatory of Aksha Agro | Disposed |
To see the full case history of Karma Spices 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 Karma Spices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karma Spices Private Limited has a workforce of 8 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Karma Spices has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCK5380N1Z8 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karma Spices Private Limited, buy the company report.
Recent activity
Karma Spices Private Limited has 5 board changes on record since 2005: 2 appointments and 3 cessations. The latest: Malav Ketankumar Dhruv ceased to be Director on 31 Mar 2010.
Frequently asked questions
Karma Spices is an active private limited company based in Navsari, Gujarat, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 14 March 2005 (21+ years old) and is registered under CIN U15495GJ2005PTC045674.
Karma Spices has 2 current directors:
- Mahesh Hirabhai Karadia - Director
- Ketan Chimanlal Dhruv - Director
The latest financial statements of Karma Spices on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Karma Spices is 24AACCK5380N1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Karma Spices is U15495GJ2005PTC045674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karma Spices has 5 court cases on record: 5 filed against it.
Karma Spices was incorporated on 14 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Malav Ketankumar Dhruv ceased to be Director on 31 Mar 2010. Dhaval Ketankumar Dhruv ceased to be Director on 15 Jan 2010. Ketan Chimanlal Dhruv was appointed as Director on 27 Nov 2009. Karma Spices has 5 board changes on record in total.
Karma Spices can be reached through the website karmaspices.com. Its registered office is in Navsari, Gujarat, India.
The registered office of Karma Spices is at Ground Floor Hotel Sarvodayabuilding Opp Railway Station, Navsari, Gujarat, India – 396445.
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