Kala Niketan Couture Private Limited
About Kala Niketan Couture Private Limited
Data last updated:
Kala Niketan Couture Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 07 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52321GJ2012PTC070194. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.36 Cr. It is led by directors Hiten Navnitrai Parekh and Paresh Maneklal Chauhan.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Kalaniketan House Ground Floor – 3 And 4 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390005.
As per the financials filed for FY 2017, the company reported a revenue of ₹27.11 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹4.17 Lakh (net margin 0.2%) and EBITDA of ₹1.12 Cr (EBITDA margin 4.1%).
As per MCA filings, the company has open charges of ₹10.59 Cr and satisfied charges of ₹10.59 Cr on record. Court records list 30 cases involving the company, including 1 filed by the company and 29 filed against it; 7 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Kala Niketan Couture Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKalaniketan House Ground Floor – 3 And 4 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390005
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Kala Niketan Couture 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
Business activity
The main business activity of Kala Niketan Couture is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Kala Niketan Couture Private Limited, buy the company report.
Financials of Kala Niketan Couture Private Limited
FY 2017 filings availableKala Niketan Couture Private Limited reported revenue of ₹27.11 Cr (up 1% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year. EBITDA fell 28% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹27.11 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.12 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹4.17 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.1% | ||
| Net Profit Margin | 0.2% | ||
| 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 Kala Niketan Couture Private Limited, buy the company report.
Board of directors of Kala Niketan Couture Private Limited
Kala Niketan Couture 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 |
|---|---|---|---|---|
| Hiten Navnitrai Parekh Also directs: Kalaniketan Sarees LLP | Director | 07 May 2012 | 14 Years 6 Months | Current |
| Paresh Maneklal Chauhan | Additional Director | 14 Aug 2017 | 9 Years 2 Months | Current |
Peer comparison
Kala Niketan Couture Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Av Family Wears Private Limited | ₹27.15 Cr (FY 2024) | 16.0% | Mathura, Uttar Pradesh, India | |||
| Kala Niketan Couture Private Limitedthis company | ₹27.11 Cr (FY 2017) | ₹4.17 Lakh | 0.2% | 1.0% | Vadodara, Gujarat, India | |
| Options Clothing Company Private Limited | ₹26.75 Cr (FY 2024) | -7.0% | Mumbai, Maharashtra, India | |||
| Indra Manish Agencies Private Limited | ₹26.51 Cr (FY 2024) | -15.0% | Guwahati, Assam, India |
To see the full peer comparison of Kala Niketan Couture Private Limited, buy the company report.
Auditor
Kala Niketan Couture Private Limited is audited by YATRIK PATEL & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YATRIK PATEL & CO | FY 2017 | 129631W |
Shareholding
The shareholding of Kala Niketan Couture Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Kala Niketan Couture Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2015 | 10617884 | Others | ₹6 Cr | Satisfied | |
| 30 Jul 2013 | 10439776 | Canara Bank | ₹6.5 Lakh | Satisfied | |
| 01 Mar 2013 | 10414308 | Canara Bank | ₹22.4 Lakh | Satisfied | |
| 20 Jun 2012 | 10367495 | Canara Bank | ₹4.3 Cr | Satisfied |
To see the full charge records of Kala Niketan Couture Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Kala Niketan Couture Private Limited has 30 court cases on record: 1 filed by Kala Niketan Couture, 29 filed against it. 7 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 29 | 7 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Avinandan Fashions Pvtltd | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Entertainment Network (India) Limited (Radio Mirchi) | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR A) | Filed by the company against Government of Gujarat | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S. Kanchana | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Kala Niketan Couture 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 Kala Niketan Couture Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kala Niketan Couture has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Kala Niketan Couture Private Limited, buy the company report.
Recent activity
Kala Niketan Couture Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Paresh Maneklal Chauhan was appointed as Additional Director on 14 Aug 2017.
4 earlier events are in the company report.
Frequently asked questions
Kala Niketan Couture is an active private limited company based in Vadodara, Gujarat, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 07 May 2012 (14+ years old) and is registered under CIN U52321GJ2012PTC070194.
Kala Niketan Couture has 2 current directors:
- Hiten Navnitrai Parekh - Director
- Paresh Maneklal Chauhan - Additional Director
The latest financial statements of Kala Niketan Couture on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Kala Niketan Couture has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Kala Niketan Couture is U52321GJ2012PTC070194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kala Niketan Couture has 30 court cases on record: 1 filed by the company and 29 filed against it. 7 are pending.
Kala Niketan Couture was incorporated on 07 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Kala Niketan Couture by revenue are Av Family Wears Private Limited, Options Clothing Company Private Limited, Indra Manish Agencies Private Limited, all in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (retail trading).
Paresh Maneklal Chauhan was appointed as Additional Director on 14 Aug 2017. Vandana Hiten Parekh ceased to be Director on 14 Aug 2017. Hiten Navnitrai Parekh was appointed as Director on 07 May 2012.
The registered office of Kala Niketan Couture is at Kalaniketan House Ground Floor – 3 And 4 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390005.
Kala Niketan Couture operates in the fashion and textile industry, in the fashion retail segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
