About KG Mills Limited
Data last updated:
KG Mills Limited was a public limited company based in Coimbatore, Tamil Nadu, India, operated as a subsidiary of The Kadri Mills (Cbe) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 29 September 1989.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17115TZ1989PLC002501. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹6 Lakh and a paid-up capital of ₹5.1 Lakh. It was formerly known as K G Tex Limited. It was led by directors including Balasundharam Srihari Prasadh and Govindaswamy Kannappan.
Its last annual general meeting (AGM) was held on 31 October 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at No 86 Arts College Road Arts College Road, Coimbatore, Tamil Nadu, India – 641018.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.52 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹20,083 (net margin -3.6%) and EBITDA of -₹20,083 (EBITDA margin -3.6%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 22% over five years.
As per MCA filings, the company had satisfied charges of ₹1 Cr on record.
The last known website on record is kgworldwide.com.
Company details
Contact details
KG Mills Limited's registered office is in Coimbatore, Tamil Nadu. Its website is kgworldwide.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 86 Arts College Road Arts College Road, Coimbatore, Tamil Nadu, India – 641018
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of KG Mills 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 KG Mills 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 KG Mills Limited, buy the company report.
Financials of KG Mills Limited
FY 2020 filings availableKG Mills Limited reported revenue of ₹5.52 Lakh (down 71% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 71% fall in the latest year. EBITDA fell 223% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹5.52 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹20,083 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20,083 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.6% | ||||
| Net Profit Margin | -3.6% | ||||
| 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 | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of KG Mills Limited, buy the company report.
Board of directors of KG Mills Limited
KG Mills has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasundharam Srihari Prasadh Also directs: The Kadri Mills (Cbe) Private Limited | Director | 12 Sep 2018 | 8 Years 2 Months | As last reported |
| Govindaswamy Kannappan Also directs: Shardha Properties Developers LLP, Micro Cotton India LLP, Homeconcepts LLP and 5 more | Director | 01 Oct 2020 | 6 Years 1 Months | As last reported |
| Geethalakshmi Vijayakumar Also directs: Shardha Properties Developers LLP, Mahalakshmi Enterprises LLP, TNCD Cloud LLP and 5 more | Director | 24 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
KG Mills Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Madhushree Fibres Pvt Ltd | ₹5.54 Lakh (FY 2018) | -72.0% | Surat, Gujarat, India | |||
| Forward Carriers Private Limited | ₹5.53 Lakh (FY 2024) | 9344.0% | Kolkata, West Bengal, India | |||
| Eternity Globetex Private Limited | ₹5.53 Lakh (FY 2016) | Navi Mumbai, Maharashtra, India | ||||
| KG Mills Limitedthis company | ₹5.52 Lakh (FY 2020) | -₹20,083 | -3.6% | -71.0% | Coimbatore, Tamil Nadu, India | |
| Fairmount Marketing Private Limited | ₹5.51 Lakh (FY 2025) | Delhi, India | ||||
| Gurveen Fabrics Private Limited | ₹5.48 Lakh (FY 2024) | -69.0% | New Delhi, Delhi, India |
To see the full peer comparison of KG Mills Limited, buy the company report.
Auditor
KG Mills Limited is audited by GOPALAIYER AND SUBRAMANIAN for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOPALAIYER AND SUBRAMANIAN | FY 2020 | 000960S |
Shareholding
The shareholding of KG Mills Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of KG Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2003 | 90004195 | State Bank of Travancore | ₹1 Cr | Satisfied |
To see the full charge records of KG Mills Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving KG Mills Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for KG Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
KG Mills 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 KG Mills Limited, buy the company report.
Recent activity
KG Mills Limited has 10 board changes on record since 2015: 3 appointments and 7 cessations. The latest: Govindaswamy Kannappan ceased to be Additional Director on 31 Oct 2020.
3 earlier events are in the company report.
Frequently asked questions
KG Mills has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
KG Mills was a public limited company based in Coimbatore, Tamil Nadu, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 29 September 1989 and is registered under CIN U17115TZ1989PLC002501. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
KG Mills was incorporated on 29 September 1989. It is registered with the Registrar of Companies, Coimbatore.
KG Mills had 3 directors:
- Balasundharam Srihari Prasadh - Director
- Govindaswamy Kannappan - Director
- Geethalakshmi Vijayakumar - Director
The CIN (Corporate Identification Number) of KG Mills is U17115TZ1989PLC002501. 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 KG Mills is at No 86 Arts College Road Arts College Road, Coimbatore, Tamil Nadu, India – 641018.
KG Mills can be reached through the website kgworldwide.com. Its registered office is in Coimbatore, Tamil Nadu, India.
The latest financial statements of KG Mills on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 October 2020. Year-wise statements from 2015 are in the company report.
No. KG Mills has 1 GST registration on record and it is cancelled or inactive.
KG Mills operated in the home and lifestyle industry, in the textile retail and distribution segment.
The peers of KG Mills by revenue are Madhushree Fibres Pvt Ltd, Forward Carriers Private Limited, Eternity Globetex Private Limited, Fairmount Marketing Private Limited, Gurveen Fabrics Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
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