Karatagi Refineries Private Limited - Due diligence report

A 360° intelligence report on Karatagi Refineries Private Limited: trust score, financial health, credit view, compliance, directors, growth…

2009-09-22 Gangavati, Karnataka Active Unlisted Active Non-Compliant
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Karatagi Refineries Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
61/100
Trust Score
Moderate

Karatagi Refineries Private Limited is assessed as Moderate with a Trust Score of 61/100. Karatagi Refineries Private Limited is an active private limited indian non-government company incorporated in 2009, operating in the Food and Beverages sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 08 Aug 2026 from the latest processed filings. Karatagi Refineries Private Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
61/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
31/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
45/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 1.42).

Charges position: 0 open (-) · 1 satisfied (5.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Karnataka State Financial Corporation1 48.0 cr
Compliance Score: 31/100 Caution Indicated
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: MCA.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
RAGHVENDRA KOVVUR 01234567 Director 01/04/2018 6 yrs Approved
SUNIL KOVVUR CHANDRASHEKHAR KUMAR 01234567 Director 01/04/2018 6 yrs Approved
CHANDRASHEKHAR KOVVUR 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
EPFO headcount growing - hiring signal.
Operating for 16+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Compliance score is weak (31/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence53/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment37/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view65/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 13 events
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
26 Dec 2018
Director ceased
SOMASEKHAR KOVVUR
24 Mar 2016
Securities allotted
8090000 Equity Shares - 8.09 cr raised
14 Dec 2015
Charge satisfied
Karnataka State Financial Corporation
30 Sep 2013
Director appointed
SUNIL KOVVUR CHANDRASHEKHAR KUMAR (Director)
Director ceased
RAGHVENDRA KOVVUR
24 Sep 2013
Director appointed
RAGHVENDRA KOVVUR (Director)
12 Aug 2013
Charge created
Karnataka State Financial Corporation - 5.00 cr
18 Mar 2013
Securities allotted
600000.00 Equity Shares - 60.00 Lakh raised
08 Nov 2012
Securities allotted
1857142.00 Equity Shares - 1.86 cr raised
22 Sep 2009
Incorporated
Registered with Roc Bangalore
Director appointed
CHANDRASHEKHAR KOVVUR (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Midas Golden Distilleries Private Limited U15511TN2002PTC049805 Kancheepuram District 601 301, Tamil Nadu, India
Mahesh Vegoils Private Limited U15142RJ2012PTC040308 Bhilwara, Rajasthan, India
Omvishwa Grains Private Limited U01110HR2017PTC067669 Kaithal, Haryana, India
Grb Industries Private Limited U74999KA2019PTC130993 Raichur, Karnataka, India
Snehil Soya Industries Private Limited U15130MP2022PTC061042 Dewas, Madhya Pradesh, India
Hanumant Sugars Private Limited U15549MP2016PTC040645 Indore, Madhya Pradesh, India
Sandeep Paper Mills Private Limited U74899DL1979PTC009496 Delhi, Delhi, India
Griffith Foods U73100KA2005PTC037098 Bangalore, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Karatagi Refineries Private Limited before audits and certifications: compliance score 31/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Karatagi Refineries Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Karatagi Refineries Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 61/100, distress signals and MSME payment-delay disclosures - know whether Karatagi Refineries Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Karatagi Refineries Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Karatagi Refineries Private Limited an active company?

Karatagi Refineries Private Limited has MCA status “Active” with a compliance score of 31/100 (Caution Indicated).

Is Karatagi Refineries Private Limited financially healthy?

Karatagi Refineries Private Limited has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Karatagi Refineries Private Limited?

Its overall Trust Score is 61/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Karatagi Refineries Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Karatagi Refineries Private Limited have loans or charges against its assets?

No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Karatagi Refineries Private Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 31/100 (Caution Indicated).

Is it risky to lend to Karatagi Refineries Private Limited?

Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.