Karnavati Merchandize Private Limited
About Karnavati Merchandize Private Limited
Data last updated:
Karnavati Merchandize Private Limited was a private limited company based in Ahmedabad, Gujarat, 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 chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 09 June 2009.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2009PTC057190.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Star Wing Chemicals Private Limited and Karnavati Detchem Private Limited. It was led by directors including Lalitkumar Ambalalji Agrawal and Jayesh Naranbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 605 6th Floor Abhijyot Square Nr. S.G. Highway Makarba, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2017, the company reported a revenue of ₹4.33 Lakh, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹8,112 (net margin -1.9%) and EBITDA of ₹63,376 (EBITDA margin 14.6%). Revenue has declined at a compounded annual rate (CAGR) of 97% over three years.
Court records list 10 cases involving the company, including 10 filed against it; 3 cases are pending.
Company details
Name history
Karnavati Merchandize has undergone 2 name changes throughout its history. The company was previously known as Star Wing Chemicals Private Limited, and Karnavati Detchem Private Limited. The current legal name is Karnavati Merchandize Private Limited.
| Company Name | Status |
|---|---|
| Karnavati Merchandize Private Limited | Current |
| Star Wing Chemicals Private Limited | Previous |
| Karnavati Detchem Private Limited | Previous |
Contact details
Karnavati Merchandize Private Limited's registered office is in Ahmedabad, Gujarat.
- Registered Address605 6th Floor Abhijyot Square Nr. S.G. Highway Makarba, Ahmedabad, Gujarat, India – 380051
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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
Financials of Karnavati Merchandize Private Limited
FY 2017 filings availableKarnavati Merchandize Private Limited reported revenue of ₹4.33 Lakh (down 2% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 97% over three years, including a 2% fall 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 2016-17 | FY 2015-16 | FY 2014-15 |
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| Other Income | |||
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| Depreciation and Amortisation | |||
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| Total Expenses | |||
| EBITDA | ₹63,376 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8,112 | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 14.6% | ||
| Net Profit Margin | -1.9% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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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 Karnavati Merchandize Private Limited, buy the company report.
Board of directors of Karnavati Merchandize Private Limited
Karnavati Merchandize has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalitkumar Ambalalji Agrawal Also directs: Waves Tradeline Private Limited, Scarlet Tradelink Private Limited | Director | 02 Sep 2013 | 13 Years 2 Months | As last reported |
| Jayesh Naranbhai Patel | Director | 09 Jun 2009 | 17 Years 5 Months | As last reported |
| Harshit Lalitkumar Agarwal Also directs: Waves Tradeline Private Limited, Scarlet Tradelink Private Limited | Director | 07 Oct 2013 | 13 Years 1 Months | As last reported |
Peer comparison
Karnavati Merchandize Private Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stellar Dyes Private Limited | ₹4.46 Lakh (FY 2016) | -98.0% | Indore, Madhya Pradesh, India | |||
| Kondar Resins & Allied Products Pvt Ltd | ₹4.45 Lakh (FY 2021) | -91.0% | Howrah, West Bengal, India | |||
| Pharkem Molecules Private Limited | ₹4.44 Lakh (FY 2022) | 5820.0% | Ahmedabad, Gujarat, India | |||
| Eden Beverages & Spirits Private Limited | ₹4.42 Lakh (FY 2024) | 63.0% | New Delhi, Delhi, India | |||
| Neptune Entertainment Private Limited | ₹4.4 Lakh (FY 2019) | 146591.0% | Mumbai, Maharashtra, India | |||
| Karnavati Merchandize Private Limitedthis company | ₹4.33 Lakh (FY 2017) | -₹8,112 | -1.9% | -2.0% | Ahmedabad, Gujarat, India | |
| Angel Suppliers Private Limited | ₹4.32 Lakh (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Jay Infochem Private Limited | ₹4.3 Lakh (FY 2025) | -20.0% | Ahmedabad, Gujarat, India | |||
| Sekai Pvt Ltd | ₹4.29 Lakh (FY 2024) | -98.0% | Kolkata, West Bengal, India | |||
| Maheshwari Papers Private Limited | ₹4.28 Lakh (FY 2025) | Uttar Pradesh, India | ||||
| Arihant Chemicals and Resins (India) Private Limited | ₹4.22 Lakh (FY 2016) | -76.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Karnavati Merchandize Private Limited, buy the company report.
Legal cases
Karnavati Merchandize Private Limited has 10 court cases on record: 10 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 3 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal case | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal case | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Disposed |
To see the full case history of Karnavati Merchandize 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 Karnavati Merchandize Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Karnavati Merchandize Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Karnavati Merchandize Private Limited has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: Vipin S Maheshwari ceased to be Additional Director on 07 Jan 2014.
Frequently asked questions
Karnavati Merchandize 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.
Karnavati Merchandize was a private limited company based in Ahmedabad, Gujarat, India. The company worked in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 09 June 2009 and is registered under CIN U24100GJ2009PTC057190. The company has been struck off by the Registrar of Companies and is no longer operational.
Karnavati Merchandize had 3 directors:
- Lalitkumar Ambalalji Agrawal - Director
- Jayesh Naranbhai Patel - Director
- Harshit Lalitkumar Agarwal - Director
The CIN (Corporate Identification Number) of Karnavati Merchandize is U24100GJ2009PTC057190. 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 Karnavati Merchandize is at 605 6th Floor Abhijyot Square Nr. S.G. Highway Makarba, Ahmedabad, Gujarat, India – 380051.
Karnavati Merchandize was incorporated on 09 June 2009. It is registered with the Registrar of Companies, Ahmedabad.
The latest financial statements of Karnavati Merchandize on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
Karnavati Merchandize operated in the chemicals and materials industry, in the chemical distribution and retail segment. It worked in this industry before it was struck off.
The peers of Karnavati Merchandize by revenue are Stellar Dyes Private Limited, Kondar Resins & Allied Products Pvt Ltd, Pharkem Molecules Private Limited, Eden Beverages & Spirits Private Limited, Neptune Entertainment Private Limited and 5 more, all in the Chemicals industry (Chemical Retail and Distribution).
Karnavati Merchandize has 10 court cases on record: 10 filed against it. 3 are pending. Most are in the district courts.
Vipin S Maheshwari ceased to be Additional Director on 07 Jan 2014. Harshit Lalitkumar Agarwal was appointed as Director on 07 Oct 2013. Rajeshkumar Prayagbhai Tripathi ceased to be Director on 03 Sep 2013. Karnavati Merchandize has 8 board changes on record in total.
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