About JSK Marketing Limited
Data last updated:
JSK Marketing Limited is a public limited company based in Mumbai, Maharashtra, India. 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 general e-commerce platforms segment of the e-commerce sector. It was incorporated on 11 September 1985.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29300MH1985PLC037465. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹14.93 Cr. It was formerly known as Kwik Appliances Pvt Ltd and Jsk Marketing Private Limited. It is led by directors including Kunal Jiwarajka (Managing Director) and Laxmidevi Jiwarajka.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹867.74 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹30.55 Cr (net margin 3.5%) and EBITDA of ₹72.08 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years.
The company has about 145 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹452.09 Cr and satisfied charges of ₹66.3 Cr on record. Court records list 88 cases involving the company, including 26 filed by the company and 62 filed against it; 42 cases are pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.35 Cr; the latest was in December 2016.
The last known website on record is jskindia.com.
Company details
Name history
JSK Marketing has undergone 3 name changes throughout its history. The company was previously known as Kwik Appliances Pvt Ltd, Jsk Marketing Private Limited, and Jsk Marketing Limited. The current legal name is Jsk Marketing Limited.
| Company Name | Status |
|---|---|
| JSK Marketing Limited | Current |
| Kwik Appliances Pvt Ltd | Previous |
| Jsk Marketing Private Limited | Previous |
CIN history
JSK Marketing has one previous CIN (Corporate Identification Number): U29300MH1985PTC037465. The current CIN is U29300MH1985PLC037465, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29300MH1985PLC037465 | Current |
| U29300MH1985PTC037465 | Previous |
Contact details
JSK Marketing Limited's registered office is in Mumbai, Maharashtra. Its website is jskindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address403 – 405 Sumer Kendra Co – Op Society Ltd 4th Floor Behind Mahindra Tower Pandurang Budhkar, Marg Worli, Mumbai, Maharashtra, India – 400018
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of JSK Marketing 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 JSK Marketing is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of JSK Marketing Limited, buy the company report.
Financials of JSK Marketing Limited
FY 2018 filings availableJSK Marketing Limited reported revenue of ₹867.74 Cr (up 42% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 47% over three years, including 42% growth in the latest year. EBITDA rose 39% 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 | ||||
| Other Income | ||||
| Total Revenue | ₹867.74 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹72.08 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹30.55 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 8.3% | |||
| Net Profit Margin | 3.5% | |||
| 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 JSK Marketing Limited, buy the company report.
Board of directors of JSK Marketing Limited
JSK Marketing has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxmidevi Jiwarajka | Director | 12 Jan 1989 | 37 Years 10 Months | As last reported |
| Sakshi Kunal Jiwarajka Also directs: JSK Propmart LLP, JSL Marketing Prvate Limited | Director | 01 Dec 2010 | 15 Years 11 Months | As last reported |
| Kunal Jiwarajka | Managing Director | 30 Apr 2007 | 19 Years 6 Months | As last reported |
Auditor
JSK Marketing Limited is audited by S S R V & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S R V & ASSOCIATES | FY 2018 | 135901W |
Shareholding
The shareholding of JSK Marketing Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of JSK Marketing Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Oct 2018 | 100210212 | Others | ₹1.17 Cr | Open | |
| 11 Sep 2018 | 100205152 | Others | ₹1.97 Cr | Open | |
| 19 Jul 2018 | 100192099 | Others | ₹3.61 Cr | Open | |
| 02 Jul 2018 | 100220013 | Others | ₹2.09 Cr | Open | |
| 28 Jun 2018 | 100187186 | Tata Capital Financial Services Limited | ₹5.2 Cr | Open |
To see the full charge records of JSK Marketing Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
JSK Marketing Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.35 Cr; the latest was in December 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: JSL Marketing Private Limited, Krishna Kumar Jiwarajika HUF, 2 individuals Seller: 2 individuals |
| Jul 2016 | Rights issue | ₹5.01 Cr | Investors: an individual |
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Krishna Kumar Jiwarajika HUF, an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: Krishna Kumar Jiwarajika HUF, 2 individuals |
| Sep 2007 | Funding round | ₹1.85 Cr | Investors: Krishna Kumar Jiwarajika HUF, 3 individuals |
To see the full deal history of JSK Marketing Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
JSK Marketing Limited has 88 court cases on record: 26 filed by JSK Marketing, 62 filed against it. 42 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 74 | 56 | 42 |
| High courts | 11 | 3 | 0 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by JSK Distributions LLP and 1 other | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Dhani Loans and Services Ltd | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Orix Leasing and Financial Services India Ltd. | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by Orix Leasing and Financial Services India Limited | Pending |
To see the full case history of JSK Marketing 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.
Credit ratings & regulatory alerts
JSK Marketing Limited was last rated by Icra on 28 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Oct 2021 |
To see the full credit ratings and regulatory alerts of JSK Marketing Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for JSK Marketing Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
JSK Marketing Limited has a workforce of 145 employees on its EPFO records as of Jun 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 145 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of JSK Marketing Limited, buy the company report.
GST
JSK Marketing has 10 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 JSK Marketing Limited, buy the company report.
Recent activity
JSK Marketing Limited has 13 board changes on record since 1989: 3 appointments and 10 cessations. The latest: Utpal Ramanlal Desai ceased to be Director on 08 Mar 2019.
39 earlier events are in the company report.
Frequently asked questions
JSK Marketing 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.
JSK Marketing is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 11 September 1985 and is registered under CIN U29300MH1985PLC037465. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
JSK Marketing has 3 current directors:
- Kunal Jiwarajka - Managing Director
- Laxmidevi Jiwarajka - Director
- Sakshi Kunal Jiwarajka - Director
The latest financial statements of JSK Marketing 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 JSK Marketing is U29300MH1985PLC037465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JSK Marketing has open charges of ₹452.09 Cr and satisfied charges of ₹66.3 Cr as per latest MCA filings.
JSK Marketing has 88 court cases on record: 26 filed by the company and 62 filed against it. 42 are pending. Most are in the district courts.
JSK Marketing was incorporated on 11 September 1985. It is registered with the Registrar of Companies, Mumbai.
JSK Marketing has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.35 Cr; the latest was in December 2016.
Utpal Ramanlal Desai ceased to be Director on 08 Mar 2019. Laxmidevi Jiwarajka ceased to be Director on 23 Dec 2018. Satyendra Mohanlal Sarupria ceased to be Director on 22 Oct 2018. JSK Marketing has 13 board changes on record in total.
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