Mitan Handicrafts Development Private Limited
About Mitan Handicrafts Development Private Limited
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Mitan Handicrafts Development Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 11 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2008PTC044919. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Gopikrishna Nagaraja Rao (Managing Director) and Kamal Kishore.
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 is at No.3354 K.R. Road Banashnakri 2nd Stage, Bangalore, Karnataka, India – 560070.
As per the financials filed for FY 2017, the company reported a revenue of ₹23.85 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹42,345 (net margin 1.8%) and EBITDA of ₹58,675 (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
As per MCA filings, the company has open charges of ₹15 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Mitan Handicrafts Development Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.3354 K.R. Road Banashnakri 2nd Stage, Bangalore, Karnataka, India – 560070
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Mitan Handicrafts Development Private 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 Mitan Handicrafts Development is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Mitan Handicrafts Development Private Limited, buy the company report.
Financials of Mitan Handicrafts Development Private Limited
FY 2017 filings availableMitan Handicrafts Development Private Limited reported revenue of ₹23.85 Lakh (down 53% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 53% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 13% 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 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹23.85 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹58,675 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹42,345 | ||
| 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 | 2.5% | ||
| Net Profit Margin | 1.8% | ||
| 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 Mitan Handicrafts Development Private Limited, buy the company report.
Board of directors of Mitan Handicrafts Development Private Limited
Mitan Handicrafts Development has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopikrishna Nagaraja Rao | Managing Director | 11 Jan 2008 | 18 Years 9 Months | Current |
| Kamal Kishore | Director | 11 Jan 2008 | 18 Years 9 Months | Current |
Auditor
Mitan Handicrafts Development Private Limited is audited by SHEKAR&RAJASHEKAR for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHEKAR&RAJASHEKAR | FY 2017 | 11287S |
Shareholding
The shareholding of Mitan Handicrafts Development Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mitan Handicrafts Development Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Feb 2014 | 10480507 | Export-Import Bank of India | ₹15 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Mitan Handicrafts Development Private 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 Mitan Handicrafts Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mitan Handicrafts Development 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 Mitan Handicrafts Development Private Limited, buy the company report.
Recent activity
Mitan Handicrafts Development Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Gopikrishna Nagaraja Rao was appointed as Managing Director on 11 Jan 2008.
Frequently asked questions
Mitan Handicrafts Development is an active private limited company based in Bangalore, Karnataka, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 11 January 2008 (18+ years old) and is registered under CIN U51909KA2008PTC044919.
Mitan Handicrafts Development has 2 current directors:
- Gopikrishna Nagaraja Rao - Managing Director
- Kamal Kishore - Director
The latest financial statements of Mitan Handicrafts Development 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.
No. Mitan Handicrafts Development has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Mitan Handicrafts Development is U51909KA2008PTC044919. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitan Handicrafts Development was incorporated on 11 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Gopikrishna Nagaraja Rao was appointed as Managing Director on 11 Jan 2008. Kamal Kishore was appointed as Director on 11 Jan 2008.
The registered office of Mitan Handicrafts Development is at No.3354 K.R. Road Banashnakri 2nd Stage, Bangalore, Karnataka, India – 560070.
Mitan Handicrafts Development operates in the apparel and fashion industry, in the leather segment.
Mitan Handicrafts Development has open charges of ₹15 Lakh and no satisfied charges on record as per latest MCA filings.