About Kanva Mart Limited
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Kanva Mart Limited is a public limited company based in Koratagere, Karnataka, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 28 February 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52100KA2005PLC035710. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹37.8 Cr and a paid-up capital of ₹26.21 Cr. It was formerly known as Kanva Developers Limited. It is led by directors including Harish and Vijaya Kumar.
Its last annual general meeting (AGM) was held on 30 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 2019, the company reported a revenue of ₹61.9 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹10.04 Lakh (net margin 0.2%) and EBITDA of ₹63.22 Lakh (EBITDA margin 1%).
The company has about 693 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹59.32 Cr and satisfied charges of ₹90 Lakh on record. Court records list 41 cases involving the company, including 1 filed by the company and 40 filed against it; 18 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website kanvagroup.co.
Company details
CIN history
Kanva Mart has one previous CIN (Corporate Identification Number): U07010KA2005PLC035710. The current CIN is U52100KA2005PLC035710, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52100KA2005PLC035710 | Current |
| U07010KA2005PLC035710 | Previous |
Contact details
Kanva Mart Limited's registered office is in Koratagere, Karnataka. Its website is kanvagroup.co. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No.7/1 Kongenahalli Kasaba Hobli Koratagere Tq, Karnataka, India – 572129
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Kanva Mart 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 Mart 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 Kanva Mart Limited, buy the company report.
Financials of Kanva Mart Limited
FY 2019 filings availableKanva Mart Limited reported revenue of ₹61.9 Cr (down 28% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year. EBITDA rose 40% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹61.9 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹63.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.04 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Kanva Mart Limited, buy the company report.
Board of directors of Kanva Mart Limited
Kanva Mart has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish | Director | 19 Apr 2017 | 9 Years 6 Months | Current |
| Vijaya Kumar | Director | 19 Apr 2017 | 9 Years 6 Months | Current |
| Nanjundaiah Narayanappa Also directs: Kanva Star Resorts and Hotels Private Limited, Kanva Shree Credit Private Limited, Kanva Health Care Private Limited and 3 more | Director | 28 Feb 2005 | 21 Years 7 Months | Current |
Auditor
Kanva Mart Limited is audited by N RAMA RAJU & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N RAMA RAJU & CO | FY 2019 | 015826S |
Shareholding
The shareholding of Kanva Mart 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 Mart Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2019 | 100255373 | Vijaya Bank | ₹25 Cr | Open | |
| 26 Sep 2017 | 100127502 | Vijaya Bank | ₹43.47 Lakh | Open | |
| 11 Aug 2010 | 10236847 | Canara Bank | ₹33.89 Cr | Open | |
| 09 Nov 2009 | 10184210 | State Bank of India | ₹90 Lakh | Satisfied |
To see the full charge records of Kanva Mart Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Kanva Mart Limited has 41 court cases on record: 1 filed by Kanva Mart, 40 filed against it. 18 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 40 | 18 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Incred Financial Services Ltd | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M/S Iifl (Formerly Known As India Infoline Limited) | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Incred Financial Services Ltd | Disposed |
| District court, Kolhapur, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S Vijaya Garments Through Prop. Kishori Kiran Dandage | Pending |
| District court, North Goa, Goa | Original application | Filed against the company by M/S. Ocean Garments | Pending |
To see the full case history of Kanva Mart 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 Mart Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kanva Mart Limited has a workforce of 693 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Kanva Mart has 4 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 Kanva Mart Limited, buy the company report.
Recent activity
Kanva Mart Limited has 7 board changes on record since 2005: 3 appointments and 4 cessations. The latest: Harish ceased to be Additional Director on 30 Sep 2017.
4 earlier events are in the company report.
Frequently asked questions
Kanva Mart is an active public limited company based in Koratagere, Karnataka, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 28 February 2005 (21+ years old) and is registered under CIN U52100KA2005PLC035710.
Kanva Mart has 3 current directors:
- Harish - Director
- Vijaya Kumar - Director
- Nanjundaiah Narayanappa - Director
The latest financial statements of Kanva Mart on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Kanva Mart has 4 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Kanva Mart is U52100KA2005PLC035710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kanva Mart has 41 court cases on record: 1 filed by the company and 40 filed against it. 18 are pending.
Kanva Mart was incorporated on 28 February 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Harish ceased to be Additional Director on 30 Sep 2017. Vijaya Kumar ceased to be Additional Director on 30 Sep 2017. Praveena Nanjundaiah ceased to be Director on 04 May 2017. Kanva Mart has 7 board changes on record in total.
Kanva Mart can be reached through the website kanvagroup.co. Its registered office is in Koratagere, Karnataka, India.
The registered office of Kanva Mart is at Survey No.71 Kongenahalli Kasaba Hobli Koratagere Tq, Karnataka, India – 572129.