About Kinetic Elevators Limited
Data last updated:
Kinetic Elevators Limited was a public 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 material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 27 July 1994.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ1994PLC022617. Its GSTIN is 24AAACK9209N1ZA (Gujarat). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹6.66 Lakh. It was led by directors including Satyanarayan Ganeshprasad Gupta and Kanahyalal Bhagwandas Maheshwari.
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 C – 20 Shalimar Complexmahalaxmi Five Roads Paldi, Ahmedabad, Gujarat, India.
As per the financials filed for FY 2017, the company reported a revenue of ₹19.08 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹11.91 Lakh (net margin -62.4%) and EBITDA of -₹6.54 Lakh (EBITDA margin -34.3%).
As per MCA filings, the company had satisfied charges of ₹65 Lakh on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending.
The last known website on record is kineticelevators.com.
Company details
Contact details
Kinetic Elevators Limited's registered office is in Ahmedabad, Gujarat. Its website is kineticelevators.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 20 Shalimar Complexmahalaxmi Five Roads Paldi, Ahmedabad, Gujarat, India
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Kinetic Elevators 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 Kinetic Elevators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Kinetic Elevators Limited, buy the company report.
Financials of Kinetic Elevators Limited
FY 2017 filings availableKinetic Elevators Limited reported revenue of ₹19.08 Lakh (down 88% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 88% in the latest year. EBITDA fell 151% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
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| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹6.54 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹11.91 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -34.3% | ||
| Net Profit Margin | -62.4% | ||
| 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 Kinetic Elevators Limited, buy the company report.
Board of directors of Kinetic Elevators Limited
Kinetic Elevators has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyanarayan Ganeshprasad Gupta | Director | 27 Jul 1995 | 31 Years 3 Months | As last reported |
| Kanahyalal Bhagwandas Maheshwari | Director | 31 Mar 2011 | 15 Years 7 Months | As last reported |
| Ashish Satyanarayan Gupta | Director | 11 Aug 2016 | 10 Years 2 Months | As last reported |
Auditor
Kinetic Elevators Limited is audited by A L THAKKAR & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A L THAKKAR & CO | FY 2016 | 120116W |
Shareholding
The shareholding of Kinetic Elevators Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Kinetic Elevators Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 2010 | 10247951 | Punjab National Bank | ₹65 Lakh | Satisfied |
To see the full charge records of Kinetic Elevators Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Kinetic Elevators Limited has 6 court cases on record: 1 filed by Kinetic Elevators, 5 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed against the company by Montanari Lifts Components Pvt.Ltd Through Yogesh Gramopadhye | Disposed |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against Ms Satyam Real Estate Developers | Pending |
| Gauhati High Court | Court case (CRP(IO)) | Filed against the company | Disposed |
| Bombay High Court | Court case (CHOL) | Filed against the company by M/S. S. K. M. Enterprises Pvt. Ltd. | Disposed |
| District court, Kamrup Metro, Assam | Civil suit | Filed against the company by individuals | Disposed |
To see the full case history of Kinetic Elevators 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 Kinetic Elevators Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kinetic Elevators Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Kinetic Elevators has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACK9209N1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kinetic Elevators Limited, buy the company report.
Recent activity
Kinetic Elevators Limited has 6 board changes on record since 1995: 3 appointments and 3 cessations. The latest: Ashish Satyanarayan Gupta was appointed as Director on 11 Aug 2016.
Frequently asked questions
Kinetic Elevators 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.
Kinetic Elevators was a public limited company based in Ahmedabad, Gujarat, India. The company worked in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 27 July 1994 and is registered under CIN U74999GJ1994PLC022617. The company has been struck off by the Registrar of Companies and is no longer operational.
Kinetic Elevators had 3 directors:
- Satyanarayan Ganeshprasad Gupta - Director
- Kanahyalal Bhagwandas Maheshwari - Director
- Ashish Satyanarayan Gupta - Director
The CIN (Corporate Identification Number) of Kinetic Elevators is U74999GJ1994PLC022617. 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 Kinetic Elevators is at C – 20 Shalimar Complexmahalaxmi Five Roads Paldi, Ahmedabad, Gujarat, India.
Kinetic Elevators was incorporated on 27 July 1994. It is registered with the Registrar of Companies, Ahmedabad.
Kinetic Elevators can be reached through the website kineticelevators.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Kinetic Elevators 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.
The GSTIN of Kinetic Elevators is 24AAACK9209N1ZA, registered in Gujarat. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Kinetic Elevators operated in the machinery and equipment industry, in the material handling and storage equipment segment. It worked in this industry before it was struck off.
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