Karnataka Strips Limited
About Karnataka Strips Limited
Data last updated:
Karnataka Strips Limited is a public limited company based in Bellary, Karnataka, 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 industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 25 May 2000.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA2000PLC027141. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹22.88 Cr. It is led by directors including Rajender Kumar Singhal (Managing Director) and Ganga Bale Rai Kumar.
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 is at No 126 Mundaregi Villagemundargi Industrial Area Bellary, Karnataka, India – 583101.
As per the financials filed for FY 2013, the company reported a revenue of ₹18.82 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹12.35 Cr (net margin -65.6%) and EBITDA of -₹2.8 Cr (EBITDA margin -14.9%).
As per MCA filings, the company has open charges of ₹89.85 Cr on record. Court records list 20 cases involving the company, including 17 filed by the company and 3 filed against it; 1 case is pending.
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- Registered AddressNo 126 Mundaregi Villagemundargi Industrial Area Bellary, Karnataka, India – 583101
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
- One PDF report, delivered after checkout
Financials of Karnataka Strips Limited FY 2015 filings available
Karnataka Strips Limited reported revenue of ₹18.82 Cr (down 45% YoY) for FY 2013.
Compounded Annual Growth Rate (CAGR) of Karnataka Strips Limited
Revenue fell 45% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Karnataka Strips Limited
| Metrics | FY 2012-13 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | •••• |
| Other Income | •••• |
| Total Revenue | ₹18.82 Cr |
| Cost of Materials Consumed | •••• |
| Employee Benefit Expense | •••• |
| Finance Costs | •••• |
| Depreciation and Amortisation | •••• |
| Other Expenses | •••• |
| Total Expenses | •••• |
| EBITDA | -₹2.8 Cr |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | -₹12.35 Cr |
| 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 of Karnataka Strips Limited
| Metrics | FY 2012-13 |
|---|---|
| Profitability | |
| EBITDA Margin | -14.9% |
| Net Profit Margin | -65.6% |
| 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 | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Karnataka Strips are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Karnataka Strips Limited
Karnataka Strips has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganga Bale Rai Kumar Also directs: United Galva Limited, S K Corporation (Intl) Limited, Charishma Overseas Limited and 1 more | Director | 20 Sep 2004 | 22 Years 0 Months | As last reported |
| Devesh Mithanlal Agarwal Also directs: M L Auto Tubes Private Limited | Director | 25 May 2000 | 26 Years 4 Months | As last reported |
| Rajender Kumar Singhal | Managing Director | 25 May 2000 | 26 Years 4 Months | As last reported |
Ownership and Shareholding of Karnataka Strips Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Karnataka Strips Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jun 2010 | Hiren Chag | ₹9.68 Cr | Open |
| 31 Mar 2009 | Others | ₹19.44 Cr | Open |
| 03 Jul 2007 | Others | ₹12.4 Cr | Open |
| 22 Dec 2005 | Pridhvi Asset Reconstruction and Securitisation Company Limited | ₹31.5 Cr | Open |
| 19 Jan 2005 | Ing Vysya Bank | ₹5.33 Cr | Open |
Total charge records: 6 View all charges
Legal Cases of Karnataka Strips Limited
Karnataka Strips Limited has 20 court cases on record: 17 filed by Karnataka Strips, 3 filed against it. 1 case is pending and 19 are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 1 | 1 |
| District courts | 6 | 2 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by Arr Precision Works Private Limited | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by Totalenergies Marketing India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Works Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Works Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Shabari Auto Comps Private Limited | Disposed |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Karnataka Strips Limited
Employment history and EPFO contributions of people linked to Karnataka Strips.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Karnataka Strips Limited
Karnataka Strips has one previous CIN (Corporate Identification Number): U85110KA2000PTC027141. The current CIN is U85110KA2000PLC027141, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA2000PLC027141 | Current |
| U85110KA2000PTC027141 | Previous |
Recent Activity on Karnataka Strips Limited
Karnataka Strips Limited has 4 board changes on record since 2000: 3 appointments and 1 cessation. The latest: Ritu Devesh Agarwal ceased to be Director on 01 Dec 2012.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Karnataka Strips Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Karnataka Strips Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Karnataka Strips Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Karnataka Strips Limited
Karnataka Strips has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Karnataka Strips Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Karnataka Strips Limited
Karnataka Strips 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.
Karnataka Strips is a company under liquidation, formerly operating as a public limited company based in Bellary, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 25 May 2000 and is registered under CIN U85110KA2000PLC027141. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Karnataka Strips reported revenue of ₹18.82 Cr for FY 2013 (down 45% YoY).
Karnataka Strips has 3 current directors:
- Rajender Kumar Singhal - Managing Director
- Ganga Bale Rai Kumar - Director
- Devesh Mithanlal Agarwal - Director
Karnataka Strips reported a net loss of ₹12.35 Cr (net margin -65.6%) and EBITDA of -₹2.8 Cr (EBITDA margin -14.9%) for FY 2013, as per its filed financial statements.
The CIN (Corporate Identification Number) of Karnataka Strips is U85110KA2000PLC027141. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka Strips has open charges of ₹89.85 Cr and no satisfied charges on record as per latest MCA filings.
Karnataka Strips has 20 court cases on record: 17 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Karnataka Strips was incorporated on 25 May 2000. It is registered with the Registrar of Companies, Bangalore.
Ritu Devesh Agarwal ceased to be Director on 01 Dec 2012. Ganga Bale Rai Kumar was appointed as Director on 20 Sep 2004. Devesh Mithanlal Agarwal was appointed as Director on 25 May 2000. Karnataka Strips has 4 board changes on record in total.