About Silkplanet Online Services Private Limited
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Silkplanet Online Services Private Limited is a private limited company based in Ongole, Andhra Pradesh, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 14 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U74900AP2015PTC097925. Its GSTIN is 36AAWCS5251N1ZH (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Koteswara Rao Kakumani (Managing Director) and Narayanamma Kakumanu.
Its last annual general meeting (AGM) was held on 13 March 2019, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Flat No.303 Sri Nilaya Deluxe Apartment Beside Sunshine School Nirmala Nagar, Ongole, Andhra Pradesh, India – 523001.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.34 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹1.4 Cr (net margin -104.2%) and EBITDA of -₹1.35 Cr (EBITDA margin -100.9%).
The company has about 45 employees on its provident fund (EPFO) records.
Court records list 86 cases involving the company, including 81 filed by the company and 5 filed against it; 31 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website silkplanet.com.
Company details
Contact details
Silkplanet Online Services Private Limited's registered office is in Ongole, Andhra Pradesh. Its website is silkplanet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No.303 Sri Nilaya Deluxe Apartment Beside Sunshine School Nirmala Nagar, Ongole, Andhra Pradesh, India – 523001
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Silkplanet Online Services 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 Silkplanet Online Services is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Silkplanet Online Services Private Limited, buy the company report.
Financials of Silkplanet Online Services Private Limited
FY 2018 filings availableSilkplanet Online Services Private Limited reported revenue of ₹1.34 Cr (down 76% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 76% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1.34 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1.35 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.4 Cr | ||
| 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 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -100.9% | ||
| Net Profit Margin | -104.2% | ||
| 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 Silkplanet Online Services Private Limited, buy the company report.
Board of directors of Silkplanet Online Services Private Limited
Silkplanet Online Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanamma Kakumanu | Director | 14 Dec 2015 | 10 Years 10 Months | Current |
| Koteswara Rao Kakumani | Managing Director | 14 Dec 2015 | 10 Years 10 Months | Current |
Auditor
Silkplanet Online Services Private Limited is audited by BRAHMAYYA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO | FY 2018 | 000513S |
Shareholding
The shareholding of Silkplanet Online Services Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Silkplanet Online Services Private Limited, buy the company report.
Legal cases
Silkplanet Online Services Private Limited has 86 court cases on record: 81 filed by Silkplanet Online Services, 5 filed against it. 31 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 85 | 5 | 31 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Medchal Malkajgiri, Telangana | Court case (CC.NI) | Filed by the company against an individual | Pending |
| District court, Medchal Malkajgiri, Telangana | Court case (CC.NI) | Filed by the company against M/S Sri Sai Silks | Pending |
| District court, Medchal Malkajgiri, Telangana | Court case (CC.NI) | Filed by the company against an individual | Pending |
| District court, Medchal Malkajgiri, Telangana | Court case (CC.NI) | Filed by the company against an individual | Pending |
| District court, Medchal Malkajgiri, Telangana | Court case (CC.NI) | Filed by the company against Jagadish Textiles | Pending |
To see the full case history of Silkplanet Online Services Private 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 Silkplanet Online Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Silkplanet Online Services Private Limited has a workforce of 45 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Silkplanet Online Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAWCS5251N1ZH | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Silkplanet Online Services Private Limited, buy the company report.
Recent activity
Silkplanet Online Services Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Koteswara Rao Kakumani was appointed as Managing Director on 14 Dec 2015.
Frequently asked questions
Silkplanet Online Services is an active private limited company based in Ongole, Andhra Pradesh, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 14 December 2015 (11+ years old) and is registered under CIN U74900AP2015PTC097925.
Silkplanet Online Services has 2 current directors:
- Koteswara Rao Kakumani - Managing Director
- Narayanamma Kakumanu - Director
The latest financial statements of Silkplanet Online Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 13 March 2019. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Silkplanet Online Services is 36AAWCS5251N1ZH, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Silkplanet Online Services is U74900AP2015PTC097925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Silkplanet Online Services has 86 court cases on record: 81 filed by the company and 5 filed against it. 31 are pending. Most are in the district courts.
Silkplanet Online Services was incorporated on 14 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Vijayawada.
Koteswara Rao Kakumani was appointed as Managing Director on 14 Dec 2015. Narayanamma Kakumanu was appointed as Director on 14 Dec 2015.
Silkplanet Online Services can be reached through the website silkplanet.com. Its registered office is in Ongole, Andhra Pradesh, India.
The registered office of Silkplanet Online Services is at Flat No.303 Sri Nilaya Deluxe Apartment Beside Sunshine School Nirmala Nagar, Ongole, Andhra Pradesh, India – 523001.