KGN General Trading Co. Limited
About KGN General Trading Co. Limited
Data last updated:
KGN General Trading Co. Limited is a public limited company based in Ludhiana, Punjab, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 28 February 2011.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51109PB2011PLC034761. Its GSTIN is 03AAECK5121H1Z0 (Punjab).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Kgn General Trading Co. Private Limited. It is led by directors including Neeraj Jain and Gagan Jain.
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 E – 9 1405st No 5 Ganpati Street Kali Sarak, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.77 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹1.56 Lakh (net margin -0.1%) and EBITDA of ₹33.35 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 425% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending.
Company details
CIN history
KGN General Trading Co has one previous CIN (Corporate Identification Number): U51109PB2011PTC034761. The current CIN is U51109PB2011PLC034761, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109PB2011PLC034761 | Current |
| U51109PB2011PTC034761 | Previous |
Contact details
KGN General Trading Co. Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressE – 9 1405st No 5 Ganpati Street Kali Sarak, Ludhiana, Punjab, India – 141007
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of KGN General Trading Co. 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 KGN General Trading Co is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of KGN General Trading Co. Limited, buy the company report.
Financials of KGN General Trading Co. Limited
FY 2024 filings availableKGN General Trading Co. Limited reported revenue of ₹30.77 Cr (down 48% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 48% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 425%. EBITDA fell 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹33.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.56 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | -0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of KGN General Trading Co. Limited, buy the company report.
Board of directors of KGN General Trading Co. Limited
KGN General Trading Co has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Jain | Director | 03 Oct 2020 | 6 Years 1 Months | As last reported |
| Gagan Jain | Additional Director | 02 Dec 2024 | 1 Years 11 Months | As last reported |
| Sandeep Kumar | Additional Director | 21 Oct 2024 | 2 Years 0 Months | As last reported |
Auditor
KGN General Trading Co. Limited is audited by VIVEK MANAV AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIVEK MANAV AND ASSOCIATES | FY 2023 | 015845N |
Shareholding
The shareholding of KGN General Trading Co. Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of KGN General Trading Co. Limited, buy the company report.
Legal cases
KGN General Trading Co. Limited has 3 court cases on record: 1 filed by KGN General Trading Co, 2 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Commercial suit | Filed against the company by Tata Capital Limited | Pending |
| District court, West, Delhi | Cheque dishonour complaint | Filed against the company by Trucap Finance Limited | Pending |
| High Court of Punjab and Haryana | Arbitration matter | Filed by the company against M/S Iifl Finance Limited | Disposed |
To see the full case history of KGN General Trading Co. 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
KGN General Trading Co. Limited has 33 MSME Form 1 returns on record between 2019 and 2023, listing 164 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Sharman Udyog | |||
| Thakural Traders |
To see the full MSME payment records of KGN General Trading Co. Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
KGN General Trading Co. Limited has a workforce of 5 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
KGN General Trading Co has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECK5121H1Z0 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of KGN General Trading Co. Limited, buy the company report.
Recent activity
KGN General Trading Co. Limited has 8 board changes on record since 2020: 5 appointments and 3 cessations. The latest: Gagan Jain was appointed as Additional Director on 02 Dec 2024.
Frequently asked questions
KGN General Trading Co is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
KGN General Trading Co is a company under insolvency, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 28 February 2011 and is registered under CIN U51109PB2011PLC034761. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
KGN General Trading Co has 3 current directors:
- Neeraj Jain - Director
- Gagan Jain - Additional Director
- Sandeep Kumar - Additional Director
The latest financial statements of KGN General Trading Co on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of KGN General Trading Co is U51109PB2011PLC034761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
KGN General Trading Co has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
KGN General Trading Co was incorporated on 28 February 2011. It is registered with the Registrar of Companies, Chandigarh.
Gagan Jain was appointed as Additional Director on 02 Dec 2024. Sandeep Kumar was appointed as Additional Director on 21 Oct 2024. Ashish Jain ceased to be Managing Director on 31 Mar 2021. KGN General Trading Co has 8 board changes on record in total.
KGN General Trading Co has 33 MSME Form 1 returns on record between 2019 and 2023, listing 164 overdue payments to 13 micro and small suppliers. The latest return was filed on 11 Apr 2024.
The registered office of KGN General Trading Co is at E – 9 1405st No 5 Ganpati Street Kali Sarak, Ludhiana, Punjab, India – 141007.
The GSTIN of KGN General Trading Co is 03AAECK5121H1Z0, registered in Punjab.
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