Kushal International Limited
About Kushal International Limited
Data last updated:
Kushal International Limited is a public limited company based in Meerut, Uttar Pradesh, 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 crop production and distribution segment of the agriculture sector. It was incorporated on 05 December 1995.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U01111UP1995PLC019107. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹1.35 Cr. It was formerly known as Kushal International Private Limited. It is led by directors including Kusal Pal and Karan Veer Singh.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 145 B C Linesmeerut Cantt Meerut, Uttar Pradesh, India – 250001.
As per the financials filed for FY 2016, the company reported a revenue of ₹92.88 Lakh, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹64.59 Lakh (net margin 69.5%) and EBITDA of ₹67.93 Lakh (EBITDA margin 73.1%).
As per MCA filings, the company has open charges of ₹10.9 Cr and satisfied charges of ₹12.66 Cr on record. Court records list 31 cases involving the company, including 14 filed by the company and 17 filed against it; 8 cases are pending.
Company details
Contact details
Kushal International Limited's registered office is in Meerut, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address145 B C Linesmeerut Cantt Meerut, Uttar Pradesh, India – 250001
- IndustryAgriculture, Crop Production & Distribution, Agri Support Services
To see the full contact details of Kushal International 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 Kushal International is agriculture, forestry, fishing. In detail, this covers production of crops and animals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A1 | Production of crops and animals |
To see the full business activity and turnover split of Kushal International Limited, buy the company report.
Financials of Kushal International Limited
FY 2016 filings availableKushal International Limited reported revenue of ₹92.88 Lakh (up 47% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year. EBITDA rose 65% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹92.88 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹67.93 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹64.59 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 73.1% | |
| Net Profit Margin | 69.5% | |
| 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 Kushal International Limited, buy the company report.
Board of directors of Kushal International Limited
Kushal International has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surinder Nagpal | Additional Director | 05 Aug 2014 | 12 Years 3 Months | As last reported |
| Kusal Pal | Director | 10 Oct 2012 | 14 Years 0 Months | As last reported |
| Karan Veer Singh Also directs: Barnawa Agro Industries Limited | Director | 05 Dec 1995 | 30 Years 11 Months | As last reported |
| Shashi Sirohi Also directs: Argutus Wealth Advisors LLP | Director | 26 Jul 1996 | 30 Years 3 Months | As last reported |
Auditor
Kushal International Limited is audited by RAHUL DEVENDRA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAHUL DEVENDRA & ASSOCIATES | FY 2016 | 020918C |
Shareholding
The shareholding of Kushal International 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 Kushal International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2014 | 10506582 | The Jammu and Kashmir Bank Limited | ₹18 Lakh | Open | |
| 29 Mar 2014 | 10496294 | The Jammu and Kashmir Bank Limited | ₹1.85 Cr | Open | |
| 07 May 2013 | 10425383 | The Jammu and Kashmir Bank Limited | ₹4.9 Cr | Open | |
| 07 May 2013 | 10425381 | The Jammu and Kashmir Bank Limited | ₹77 Lakh | Open | |
| 20 Oct 2008 | 10131772 | Punjab & Sind Bank | ₹1.2 Cr | Open |
To see the full charge records of Kushal International Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Kushal International Limited has 31 court cases on record: 14 filed by Kushal International, 17 filed against it. 8 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 12 | 7 |
| High courts | 10 | 1 | 0 |
| NCLT | 4 | 3 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3102-Land Laws, Agricultural tenancy, Land Revenue : Revenue laws of States, including preemption, collection of land revenue, mutations, correction of land records, etc) | Filed against the company by Ethos Hospitality Private Limited | Pending |
| District court, Saharanpur, Uttar Pradesh | Civil suit | Filed by the company against U.N.O.Q. Pvt.Ltd. Director Shekhar Agnihotri and 2 others | Pending |
| District court, Saharanpur, Uttar Pradesh | Court case (Caveat Application) | Filed against the company by U.N.O.Q. Pvt. Ltd. Throw Shekhar Agnihotri | Disposed |
| District court, Shahdara, Delhi | Criminal case | Filed against the company by R.S.And Co. Private Limited | Disposed |
| NCLT, Allahabad | Court case (COMP.APPL(IBC)) | Filed against the company by The Jammu and Kashmir Bank Ltd | Disposed |
To see the full case history of Kushal International 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 Kushal International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kushal International 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 Kushal International Limited, buy the company report.
Recent activity
Kushal International Limited has 6 board changes on record since 1995: 4 appointments and 2 cessations. The latest: Umang Sahai ceased to be Additional Director on 04 Jun 2015.
11 earlier events are in the company report.
Frequently asked questions
Kushal International 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.
Kushal International is a company under liquidation, formerly operating as a public limited company based in Meerut, Uttar Pradesh, India. The company works in crop production and distribution, within the agriculture industry. It was incorporated on 05 December 1995 and is registered under CIN U01111UP1995PLC019107. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Kushal International has 4 current directors:
- Surinder Nagpal - Additional Director
- Kusal Pal - Director
- Karan Veer Singh - Director
- Shashi Sirohi - Director
The latest financial statements of Kushal International on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Kushal International is U01111UP1995PLC019107. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kushal International has open charges of ₹10.9 Cr and satisfied charges of ₹12.66 Cr as per latest MCA filings.
Kushal International has 31 court cases on record: 14 filed by the company and 17 filed against it. 8 are pending. Most are in the district courts.
Kushal International was incorporated on 05 December 1995. It is registered with the Registrar of Companies, Kanpur.
Umang Sahai ceased to be Additional Director on 04 Jun 2015. Surinder Nagpal was appointed as Additional Director on 05 Aug 2014. Chandra Veer Singh ceased to be Director on 10 Oct 2012. Kushal International has 6 board changes on record in total.
The registered office of Kushal International is at 145 B C Linesmeerut Cantt Meerut, Uttar Pradesh, India – 250001.
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