Kanz Knits Private Limited
About Kanz Knits Private Limited
Data last updated:
Kanz Knits Private Limited was a private limited company based in Ludhiana, Punjab, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 03 April 2009.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18202PB2009PTC032732. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹75 Lakh and a paid-up capital of ₹36 Lakh. It was formerly known as Dolphin Knitters Private Limited. It was led by directors including Budish Nanda (Managing Director) and Abhishek Thaman (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at Hosiery Complex Noorwala Road, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2015, the company reported a revenue of ₹55.53 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹3.09 Lakh (net margin -0.1%) and EBITDA of ₹20.59 Lakh (EBITDA margin 0.4%).
Court records list 22 cases involving the company, including 1 filed by the company and 21 filed against it.
Company details
Contact details
Kanz Knits Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHosiery Complex Noorwala Road, Ludhiana, Punjab, India – 141007
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Kanz Knits 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 Kanz Knits 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 Kanz Knits Private Limited, buy the company report.
Financials of Kanz Knits Private Limited
FY 2015 filings availableKanz Knits Private Limited reported revenue of ₹55.53 Cr (down 7% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA fell 37% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹55.53 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹20.59 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹3.09 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 0.4% |
| 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 Kanz Knits Private Limited, buy the company report.
Board of directors of Kanz Knits Private Limited
Kanz Knits has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Thaman | Whole-Time Director | 20 Mar 2012 | 14 Years 7 Months | As last reported |
| Sanjeev Kumar | Director | 01 Jun 2013 | 13 Years 4 Months | As last reported |
| Budish Nanda | Managing Director | 02 Feb 2013 | 13 Years 8 Months | As last reported |
| Sanju Verma | Director | 01 Jun 2013 | 13 Years 4 Months | As last reported |
Peer comparison
Kanz Knits Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uday Yarn Twisters Pvt Ltd | ₹55.93 Cr (FY 2024) | 579.0% | Surat, Gujarat, India | |||
| Shape of You Private Limited | ₹55.87 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India | |||
| Ram Shyam Iron Private Limited | ₹55.87 Cr (FY 2025) | 199.0% | Bhilwara, Rajasthan, India | |||
| Panipat Texo Fabs Private Limited | ₹55.82 Cr (FY 2025) | -22.0% | Panipat, Haryana, India | |||
| Kanz Knits Private Limitedthis company | ₹55.53 Cr (FY 2015) | -₹3.09 Lakh | -0.1% | -7.0% | Ludhiana, Punjab, India | |
| Eses Commercials Private Limited | ₹55.47 Cr (FY 2017) | -2.0% | Mumbai, Maharashtra, India | |||
| Rara Brothers Enterprises Private Limited | ₹55.3 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Kanz Knits Private Limited, buy the company report.
Auditor
Kanz Knits Private Limited is audited by M/S SETHI & CO. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S SETHI & CO. | FY 2015 | 025843N |
Shareholding
The shareholding of Kanz Knits Private Limited is on record for FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Kanz Knits Private Limited, buy the company report.
Legal cases
Kanz Knits Private Limited has 22 court cases on record: 1 filed by Kanz Knits, 21 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 20 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Tata Capital Financial Services Limited | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Hem Knitwears Pvt Ltd | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd. | Disposed |
| District court, Ludhiana, Punjab | Bail application | Filed against the company by an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Tata Capital Financial Services | Disposed |
To see the full case history of Kanz Knits 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 Kanz Knits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kanz Knits 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 Kanz Knits Private Limited, buy the company report.
Recent activity
Kanz Knits Private Limited has 9 board changes on record since 2010: 4 appointments and 5 cessations. The latest: Sanjeev Kumar was appointed as Director on 01 Jun 2013.
Frequently asked questions
Kanz Knits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Kanz Knits was a private limited company based in Ludhiana, Punjab, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 03 April 2009 and is registered under CIN U18202PB2009PTC032732. The company has been struck off by the Registrar of Companies and is no longer operational.
Kanz Knits had 4 directors:
- Budish Nanda - Managing Director
- Abhishek Thaman - Whole-Time Director
- Sanjeev Kumar - Director
- Sanju Verma - Director
The CIN (Corporate Identification Number) of Kanz Knits is U18202PB2009PTC032732. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Kanz Knits is at Hosiery Complex Noorwala Road, Ludhiana, Punjab, India – 141007.
Kanz Knits was incorporated on 03 April 2009. It is registered with the Registrar of Companies, Chandigarh.
The latest financial statements of Kanz Knits on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Kanz Knits has 1 GST registration on record and it is cancelled or inactive.
Kanz Knits operated in the home and lifestyle industry, in the textile retail and distribution segment. It worked in this industry before it was struck off.
The peers of Kanz Knits by revenue are Uday Yarn Twisters Pvt Ltd, Shape of You Private Limited, Ram Shyam Iron Private Limited, Panipat Texo Fabs Private Limited, Eses Commercials Private Limited and 1 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Kanz Knits has 22 court cases on record: 1 filed by the company and 21 filed against it. Most are in the district courts.