Kanik Electronics Private Limited
About Kanik Electronics Private Limited
Data last updated:
Kanik Electronics Private Limited is a private limited company based in Delhi, 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 electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 23 February 2012.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31900DL2012PTC231966. Its GSTIN is 05AAECK6565H2ZD (Uttarakhand). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹8 Cr. It is led by directors Kapil Gupta and Sonia Kapil.
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at D – 404 Nagarjuna Appartments Mayur Kunj, Delhi, India – 110096.
As per the financials filed for FY 2017, the company reported a revenue of ₹62.66 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹4.57 Lakh (net margin 0.1%) and EBITDA of ₹2.1 Cr (EBITDA margin 3.3%).
As per MCA filings, the company has open charges of ₹77.63 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Company details
Contact details
Kanik Electronics Private Limited's registered office is in Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressD – 404 Nagarjuna Appartments Mayur Kunj, Delhi, India – 110096
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Kanik Electronics 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 Kanik Electronics is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Kanik Electronics Private Limited, buy the company report.
Financials of Kanik Electronics Private Limited
FY 2016 filings availableKanik Electronics Private Limited reported revenue of ₹62.66 Cr (up 8% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year. EBITDA fell 38% 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 | ₹62.66 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.1 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹4.57 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 | 3.3% | ||
| Net Profit Margin | 0.1% | ||
| 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 Kanik Electronics Private Limited, buy the company report.
Board of directors of Kanik Electronics Private Limited
Kanik Electronics has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kapil Gupta | Director | 23 Feb 2012 | 14 Years 8 Months | As last reported |
| Sonia Kapil | Director | 23 Feb 2012 | 14 Years 8 Months | As last reported |
Auditor
Kanik Electronics Private Limited is audited by VIPUL SHARMA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIPUL SHARMA & CO | FY 2017 | 006428C |
Shareholding
The shareholding of Kanik Electronics Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Kanik Electronics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2018 | 100174304 | Hdfc Bank Limited | ₹9 Cr | Open | |
| 06 Jan 2018 | 100174291 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 05 Apr 2016 | 100034634 | Hdfc Bank Limited | ₹45 Cr | Open | |
| 30 Oct 2013 | 10459283 | Siemens Financial Services Private Limited | ₹63 Lakh | Open | |
| 19 Apr 2013 | 10426487 | Hdfc Bank Limited | ₹10 Cr | Open |
To see the full charge records of Kanik Electronics Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Kanik Electronics Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Dr Polymers Pvt Ltd | Pending |
| District court, East, Delhi | Civil suit | Filed against the company by M/S Total Logistics Pvt Ltd | Disposed |
To see the full case history of Kanik Electronics 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 Kanik Electronics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kanik Electronics has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAECK6565H2ZD | Uttarakhand | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Kanik Electronics Private Limited, buy the company report.
Recent activity
Kanik Electronics Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Neeraj Dixit ceased to be Company Secretary on 17 Nov 2017.
5 earlier events are in the company report.
Frequently asked questions
Kanik Electronics 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.
Kanik Electronics is a company under liquidation, formerly operating as a private limited company based in Delhi, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 23 February 2012 and is registered under CIN U31900DL2012PTC231966. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Kanik Electronics has 2 current directors:
- Kapil Gupta - Director
- Sonia Kapil - Director
The latest financial statements of Kanik Electronics on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Kanik Electronics is U31900DL2012PTC231966. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kanik Electronics has open charges of ₹77.63 Cr and no satisfied charges on record as per latest MCA filings.
Kanik Electronics has 2 court cases on record: 2 filed against it. 1 is pending.
Kanik Electronics was incorporated on 23 February 2012. It is registered with the Registrar of Companies, Delhi.
Neeraj Dixit ceased to be Company Secretary on 17 Nov 2017. Mithilesh Kumar Pandey ceased to be Director on 26 Dec 2016. Utkarsh Gupta ceased to be Company Secretary on 20 Oct 2015. Kanik Electronics has 5 board changes on record in total.
The registered office of Kanik Electronics is at D – 404 Nagarjuna Appartments Mayur Kunj, Delhi, India – 110096.
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