Konark Jute Limited
About Konark Jute Limited
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Konark Jute Limited is a public limited state government company based in Odisha, India, a subsidiary of The Industrial Development Corporation Of Odisha Limited. It operates in the textile segment of the apparel and fashion sector. It was incorporated on 27 January 1975 and has been in existence for over 51 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U17125OR1975SGC000648. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹5.94 Cr. It is led by directors including Surinder Singh Bhatia and Gurvinder Singh Bhatia.
Its last annual general meeting (AGM) was held on 12 October 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at At/Po – Dhanmandal Jajpur Khordha, Odisha, India.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.39 Lakh, a growth of 73% compared to the previous year. For the same year it recorded a net loss of ₹2.08 Lakh (net margin -149.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 18% over five years.
Court records list 54 cases involving the company, including 20 filed by the company and 34 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Konark Jute has one previous CIN (Corporate Identification Number): U17125OR1975GOI000648. The current CIN is U17125OR1975SGC000648, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17125OR1975SGC000648 | Current |
| U17125OR1975GOI000648 | Previous |
Contact details
Konark Jute Limited's registered office is in Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressAt/Po – Dhanmandal Jajpur Khordha, Odisha, India
- IndustryAppreal & Fashion, Textile, Branded Wear
To see the full contact details of Konark Jute 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
Financials of Konark Jute Limited
FY 2020 filings availableKonark Jute Limited reported revenue of ₹1.39 Lakh (up 73% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 73% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 18%. 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 | |||||
| Other Income | |||||
| Total Revenue | ₹1.39 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.08 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | -149.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity 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 Konark Jute Limited, buy the company report.
Board of directors of Konark Jute Limited
Konark Jute has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surinder Singh Bhatia Also directs: Pontus Promark Solution LLP, Bhatia Sons (India) Limited, Bhatia Osl Washeries & Minerals Limited and 4 more | Additional Director | 08 Feb 2021 | Current | |
| Gurvinder Singh Bhatia Also directs: Pontus Promark Solution LLP, Bhatia Sons (India) Limited, Bhatia Osl Washeries & Minerals Limited and 4 more | Additional Director | 08 Feb 2021 | Current | |
| Mahimananda Mishra Also directs: Bhatia Osl Washeries & Minerals Limited, Osl Irc Enterprises Private Limited, Konarak Jute Limited and 1 more | Additional Director | 08 Feb 2021 | 5 Years 8 Months | Current |
Auditor
Konark Jute Limited is audited by S S TEKARIWAL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S TEKARIWAL & CO | FY 2020 | 319218E |
Shareholding
The shareholding of Konark Jute 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 Konark Jute Limited, buy the company report.
Legal cases
Konark Jute Limited has 54 court cases on record: 20 filed by Konark Jute, 34 filed against it. 8 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 48 | 30 | 8 |
| Supreme Court | 4 | 4 | 0 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Writ petition | Filed by the company against Industrial Development Corporation of Odisha Ltd, Idcol and 1 other | Pending |
| District court, Khurda, Orissa | Arbitration matter | Filed by the company against Pekon Electronics Ltd | Disposed |
| District court, Khurda, Orissa | Court case (EXECUITION CASES) | Filed by the company against Ms.Sanatan Commercial Pvt.Ltd. | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by M/S. S.B. Overseas Ltd. | Disposed |
| Supreme Court | Court case | Filed against the company by M/S S.B.Overseas Ltd. | Disposed |
To see the full case history of Konark Jute 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 Konark Jute Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Konark Jute has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Konark Jute Limited, buy the company report.
Recent activity
Konark Jute Limited has 3 board changes on record since 2021: 3 appointments. The latest: Gurvinder Singh Bhatia was appointed as Additional Director on 08 Feb 2021.
Frequently asked questions
Konark Jute is an active public limited state government company based in Odisha, India. The company works in textile, within the apparel and fashion industry. It was incorporated on 27 January 1975 (51+ years old) and is registered under CIN U17125OR1975SGC000648.
Konark Jute has 3 current directors:
- Surinder Singh Bhatia - Additional Director
- Gurvinder Singh Bhatia - Additional Director
- Mahimananda Mishra - Additional Director
The latest financial statements of Konark Jute on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 12 October 2020. Year-wise statements from 2015 are in the company report.
No. Konark Jute has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Konark Jute is U17125OR1975SGC000648. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Konark Jute has 54 court cases on record: 20 filed by the company and 34 filed against it. 8 are pending. Most are in the high courts.
Konark Jute was incorporated on 27 January 1975, making it 51+ years old. It is registered with the Registrar of Companies, Cuttack.
Gurvinder Singh Bhatia was appointed as Additional Director on 08 Feb 2021. Mahimananda Mishra was appointed as Additional Director on 08 Feb 2021. Surinder Singh Bhatia was appointed as Additional Director on 08 Feb 2021.
The registered office of Konark Jute is at AtPo – Dhanmandal Jajpur Khordha, Odisha, India.
Konark Jute operates in the apparel and fashion industry, in the textile segment.