Ten K Overseas Limited
About Ten K Overseas Limited
Data last updated:
Ten K Overseas Limited is a public limited company based in Ludhiana, Punjab, 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 fashion retail segment of the fashion and textiles sector. It was incorporated on 25 March 2010.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51909PB2010PLC033732.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹80.27 Lakh. It is led by directors including Nikhil Goyal (Managing Director) and Anil Kumar.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Vpo Ramgarh Chandigarh Road, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.61 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹26,813 (net margin -0.2%) and EBITDA of -₹21,695 (EBITDA margin -0.1%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
As per MCA filings, the company has open charges of ₹15.67 Cr on record. Court records list 27 cases involving the company, including 3 filed by the company and 24 filed against it; 3 cases are pending.
Company details
Contact details
Ten K Overseas Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVpo Ramgarh Chandigarh Road, Ludhiana, Punjab, India – 141010
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Ten K Overseas 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 Ten K Overseas is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ten K Overseas Limited, buy the company report.
Financials of Ten K Overseas Limited
FY 2018 filings availableTen K Overseas Limited reported revenue of ₹1.61 Cr (up 26898% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years. EBITDA rose 76% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹1.61 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹21,695 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹26,813 | |||
| 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 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -0.1% | |||
| Net Profit Margin | -0.2% | |||
| 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 Ten K Overseas Limited, buy the company report.
Board of directors of Ten K Overseas Limited
Ten K Overseas has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar | Director | 15 Oct 2011 | 15 Years 0 Months | As last reported |
| Nikhil Goyal | Managing Director | 25 Mar 2010 | 16 Years 6 Months | As last reported |
| Ankur Bansal Also directs: N A V & Co LLP, A A Corporate Consultants Private Limited | Irp/Rp/Liquidator | 15 Jan 2024 | 2 Years 9 Months | As last reported |
| Vikky Sharma | Director | 04 Jun 2013 | 13 Years 4 Months | As last reported |
Auditor
Ten K Overseas Limited is audited by Y B V & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y B V & COMPANY | FY 2018 | 019656N |
Shareholding
The shareholding of Ten K Overseas Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ten K Overseas Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2011 | 10288383 | Canara Bank | ₹12.67 Cr | Open | |
| 15 Apr 2011 | 10289676 | Intec Capital Limited | ₹3 Cr | Open |
To see the full charge records of Ten K Overseas Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ten K Overseas Limited has 27 court cases on record: 3 filed by Ten K Overseas, 24 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 23 | 3 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd. | Pending |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Intec Capital Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms Religare Finvest Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Religare Finvest Ltd | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd | Disposed |
To see the full case history of Ten K Overseas 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 Ten K Overseas Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ten K Overseas Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ten K Overseas Limited has 12 board changes on record since 2010: 4 appointments and 8 cessations. The latest: Ankur Bansal was appointed as Irp/Rp/Liquidator on 15 Jan 2024.
6 earlier events are in the company report.
Frequently asked questions
Ten K Overseas 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.
Ten K Overseas is a company under liquidation, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 25 March 2010 and is registered under CIN U51909PB2010PLC033732. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ten K Overseas has 4 current directors:
- Nikhil Goyal - Managing Director
- Anil Kumar - Director
- Vikky Sharma - Director
- Ankur Bansal - Irp/Rp/Liquidator
The latest financial statements of Ten K Overseas on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ten K Overseas is U51909PB2010PLC033732. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ten K Overseas has open charges of ₹15.67 Cr and no satisfied charges on record as per latest MCA filings.
Ten K Overseas has 27 court cases on record: 3 filed by the company and 24 filed against it. 3 are pending. Most are in the district courts.
Ten K Overseas was incorporated on 25 March 2010. It is registered with the Registrar of Companies, Chandigarh.
Ankur Bansal was appointed as Irp/Rp/Liquidator on 15 Jan 2024. Nipun Goyal ceased to be Additional Director on 04 Jun 2013. Vikky Sharma was appointed as Director on 04 Jun 2013. Ten K Overseas has 12 board changes on record in total.
The registered office of Ten K Overseas is at Vpo Ramgarh Chandigarh Road, Ludhiana, Punjab, India – 141010.