About Canara Overseas Limited
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Canara Overseas Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 17 October 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51219KA2002PLC031126. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.4 Cr. It is led by directors including Lakshminarayana Gubba and Asif.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No.1129 Sourabhaserviceroad Hampinagar Vijayanagar, Bangalore, Karnataka, India – 560104.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.2 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹37.88 Lakh (net margin -9%) and EBITDA of -₹24.06 Lakh (EBITDA margin -5.7%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years.
As per MCA filings, the company has open charges of ₹40.64 Cr on record. Court records list 48 cases involving the company, including 6 filed by the company and 42 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mathagroup.com.
Company details
Contact details
Canara Overseas Limited's registered office is in Bangalore, Karnataka. Its website is mathagroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.1129 Sourabhaserviceroad Hampinagar Vijayanagar, Bangalore, Karnataka, India – 560104
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Canara Overseas 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 Canara Overseas is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Canara Overseas Limited, buy the company report.
Financials of Canara Overseas Limited
FY 2018 filings availableCanara Overseas Limited reported revenue of ₹4.2 Cr (down 82% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over three years, including a 82% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹4.2 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹24.06 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹37.88 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -5.7% | |||
| Net Profit Margin | -9% | |||
| 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 Canara Overseas Limited, buy the company report.
Board of directors of Canara Overseas Limited
Canara Overseas 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 |
|---|---|---|---|---|
| Lakshminarayana Gubba Also directs: Tanisha Minerals Private Limited | Director | 17 Oct 2002 | 24 Years 0 Months | Current |
| Asif | Director | 02 Feb 2021 | 5 Years 9 Months | Current |
| Ravikumar Mallappa Sogal | Director | 21 Mar 2016 | 10 Years 7 Months | Current |
Auditor
Canara Overseas Limited is audited by E A & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| E A & ASSOCIATES | FY 2018 | 015222S |
Shareholding
The shareholding of Canara Overseas Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Canara Overseas Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jan 2012 | 10333466 | Srei Equipment Finance Private Limited | ₹1.43 Cr | Open | |
| 15 Dec 2010 | 10257427 | Srei Equipment Finance Private Limited | ₹50 Lakh | Open | |
| 15 Nov 2010 | 10255886 | Srei Equipment Finance Private Limited | ₹1.5 Cr | Open | |
| 24 Feb 2007 | 10039350 | Abn Amro Bank N.V. | ₹13 Lakh | Open | |
| 24 Feb 2007 | 10043420 | Abn Amro Bank Nv | ₹1.11 Cr | Open |
To see the full charge records of Canara Overseas Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Canara Overseas Limited has 48 court cases on record: 6 filed by Canara Overseas, 42 filed against it. 8 cases are pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 37 | 33 | 7 |
| High courts | 10 | 8 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Pvt. Ltd. | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S. L& T Finance Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd | Disposed |
To see the full case history of Canara Overseas 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 Canara Overseas Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Canara Overseas Limited has 2 active EPFO establishments as of Apr 05, 2024.
GST
Canara Overseas has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Canara Overseas Limited, buy the company report.
Recent activity
Canara Overseas Limited has 8 board changes on record since 2002: 3 appointments and 5 cessations. The latest: Asif was appointed as Director on 02 Feb 2021.
12 earlier events are in the company report.
Frequently asked questions
Canara Overseas is an active public limited company based in Bangalore, Karnataka, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 17 October 2002 (24+ years old) and is registered under CIN U51219KA2002PLC031126.
Canara Overseas has 3 current directors:
- Lakshminarayana Gubba - Director
- Asif - Director
- Ravikumar Mallappa Sogal - Director
The latest financial statements of Canara Overseas on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Canara Overseas has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Canara Overseas is U51219KA2002PLC031126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Canara Overseas has 48 court cases on record: 6 filed by the company and 42 filed against it. 8 are pending. Most are in the district courts.
Canara Overseas was incorporated on 17 October 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Asif was appointed as Director on 02 Feb 2021. Pradeep Somashekar Wodeyar ceased to be Managing Director on 17 Jan 2020. Ravikumar Mallappa Sogal ceased to be Additional Director on 30 Sep 2016. Canara Overseas has 8 board changes on record in total.
Canara Overseas can be reached through the website mathagroup.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Canara Overseas is at No.1129 Sourabhaserviceroad Hampinagar Vijayanagar, Bangalore, Karnataka, India – 560104.
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