Kanva Garments Private Limited
About Kanva Garments Private Limited
Data last updated:
Kanva Garments Private Limited is a private limited company based in Koratagere, Karnataka, India. It operates in the traditional and ethnic wear segment of the fashion and textiles sector. It was incorporated on 17 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18109KA2010PTC054816. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Vijaya Kumar and Nanjundaiah Narayanappa.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Survey No.7/1 Kongenahalli Kasaba Hobli Koratagere Tq, Karnataka, India – 572129.
As per the financials filed for FY 2018, the company reported a revenue of ₹31.03 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹22.47 Lakh (net margin 0.7%) and EBITDA of ₹1.23 Cr (EBITDA margin 4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
The company has about 41 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹48.35 Cr on record. Court records list 10 cases involving the company, including 10 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Kanva Garments Private Limited's registered office is in Koratagere, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressSurvey No.7/1 Kongenahalli Kasaba Hobli Koratagere Tq, Karnataka, India – 572129
- IndustryFashion and Textile, Traditional & Ethnic Wear
To see the full contact details of Kanva Garments 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 Kanva Garments 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 Kanva Garments Private Limited, buy the company report.
Financials of Kanva Garments Private Limited
FY 2019 filings availableKanva Garments Private Limited reported revenue of ₹31.03 Cr (down 15% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 15% fall in the latest year. EBITDA fell 29% 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 | ₹31.03 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.23 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹22.47 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 | 4% | |||
| Net Profit Margin | 0.7% | |||
| 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 Kanva Garments Private Limited, buy the company report.
Board of directors of Kanva Garments Private Limited
Kanva Garments has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijaya Kumar | Director | 11 Jul 2018 | 8 Years 3 Months | Current |
| Nanjundaiah Narayanappa Also directs: Kanva Home Appliances & Computers Limited, Kanva Mart Limited, Kanva Star Resorts and Hotels Private Limited and 3 more | Director | 17 Aug 2010 | 16 Years 2 Months | Current |
Peer comparison
Kanva Garments Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Ethnic Wear), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zari Silk (India) Private Limited | ₹31.66 Cr (FY 2025) | -3.0% | Jaipur, Rajasthan, India | |||
| General Commerce Limited | ₹31.66 Cr (FY 2025) | 59.0% | New Delhi, Delhi, India | |||
| Kanva Garments Private Limitedthis company | ₹31.03 Cr (FY 2018) | ₹22.47 Lakh | 0.7% | -15.0% | 41 | Koratagere, Karnataka, India |
| S.Jagannatham&Sons Handloom Silk Sarees Private Limited | ₹30.58 Cr (FY 2023) | 48.0% | Dharmavaram, Andhra Pradesh, India |
To see the full peer comparison of Kanva Garments Private Limited, buy the company report.
Auditor
Kanva Garments Private Limited is audited by AKSHAY MEHTA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKSHAY MEHTA & CO | FY 2018 | 014071S |
Shareholding
The shareholding of Kanva Garments Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Kanva Garments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2019 | 100293620 | Others | ₹5.6 Cr | Open | |
| 30 Aug 2018 | 100211660 | Others | ₹2.75 Cr | Open | |
| 22 Sep 2016 | 100054059 | Vijaya Bank | ₹25 Cr | Open | |
| 06 Aug 2012 | 10374940 | State Bank of Mysore | ₹15 Cr | Open |
Total charge records: 4 View all charges
Legal cases
Kanva Garments Private Limited has 10 court cases on record: 10 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 2 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed against the company by Deutsche Bank A G | Pending |
| District court, BENGALURU, Karnataka | Court case (SPL.C) | Filed against the company by an individual | Pending |
| High Court, KARNATAKA | Writ petition | Filed against the company by Deutsche Bank Ag | Disposed |
| High Court, KARNATAKA | Writ petition | Filed against the company by individuals | Disposed |
| High Court | Writ petition | Filed against the company by Kanva Educational Trust | Disposed |
To see the full case history of Kanva Garments 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 Kanva Garments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kanva Garments Private Limited has a workforce of 41 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Kanva Garments 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 Kanva Garments Private Limited, buy the company report.
Recent activity
Kanva Garments Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Vijaya Kumar ceased to be Additional Director on 29 Sep 2018.
Frequently asked questions
Kanva Garments is an active private limited company based in Koratagere, Karnataka, India. The company works in traditional and ethnic wear, within the fashion and textile industry. It was incorporated on 17 August 2010 (16+ years old) and is registered under CIN U18109KA2010PTC054816.
Kanva Garments has 2 current directors:
- Vijaya Kumar - Director
- Nanjundaiah Narayanappa - Director
The latest financial statements of Kanva Garments on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
No. Kanva Garments has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Kanva Garments is U18109KA2010PTC054816. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kanva Garments has 10 court cases on record: 10 filed against it. 2 are pending. Most are in the district courts.
Kanva Garments was incorporated on 17 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Kanva Garments by revenue are Zari Silk (India) Private Limited, General Commerce Limited, S.Jagannatham&Sons Handloom Silk Sarees Private Limited, all in the Apparel industry (Ethnic Wear), with the same principal business activity (textile, leather and other apparel products).
Vijaya Kumar ceased to be Additional Director on 29 Sep 2018. Devendra Nanjundappa ceased to be Director on 12 Jul 2018. Vijaya Kumar was appointed as Director on 11 Jul 2018. Kanva Garments has 4 board changes on record in total.
The registered office of Kanva Garments is at Survey No.71 Kongenahalli Kasaba Hobli Koratagere Tq, Karnataka, India – 572129.
Kanva Garments operates in the fashion and textile industry, in the traditional and ethnic wear segment.
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