Home > Opportunities > Stressed Asset Detail

Karuturi Global Ltd.

Last Updated on ' Sun Aug 09 00:00:00 IST 2020 '
printer
starfilled
Description
Karuturi Global is today the largest producer of cut roses in the world, with are area of over 292 hectares under Greenhouse cultivation and an annual production capacity of around 555 million stems. An integrated production model encompassing in-house plantation, cultivation and distribution capabilities coupled with a series of green initiatives make us one of the lowest cost producer of cut roses in the world. Almost our entire produce is exported to high-value markets such as Holland, Germany, United Kingdom, Italy, Singapore, Hong Kong, Taiwan, Bahrain, Muscat, Dubai, Australia, Japan, New Zealand, Brunei and North America, with a small portion sold in India. Having established our strong presence in floriculture, we now aim to broad base our portfolio into a larger agri-produce basket. The acquisition of large tracts of land in Ethiopia has set the stage for us to become a complete agriculture production company. Our goal now is to make a significant contribution to alleviate the global and african food crisis. Equipped with a robust and de-risked business model, Karuturi Global’s other fast-growing business realms are food processing, floriculture retail including a flower auction portal and information technology.
Sector
Food Processing & Agriculture
Sub Sector
Horticulture
Company Type
Listed
Type
Service
Employees
-
Register Address
204, Embassy Centre,11 Crescent Road, Bangalore, Karnataka, India.
Website
www.karuturi.com
Key Products/Services
Karuturi Global’s other fast-growing business realms are food processing, floriculture retail including a flower auction portal and information technology.
Key Resources/Assets
CORPORATE OFFICE in Crescent road Bangalore, Domestic Offices in Doddaballapur, Bangalore
Stressed Asset Details Expand All 
-
No claim amount
Stressed Asset Related Documents
No Document found
Financial Information Documents
No Document found
Year Revenue (in INR Crores) Net Income (in INR Crores) Liabilities (in INR Crores) Fixed & Current Assets (in INR Crores) Current Ratio Quick Ratio RoE RoA EBITDA Margin PAT Margin
2015 3.76 mn 0.17 mn 182.07 mn 1.13 mn 0.63 0.62 0.0 0.0 59.64 4.55
2016 3.41 mn - 197.65 mn 1.04 mn 0.58 0.58 - - 45.28 -
2017 1.38 mn 0.13 mn 199.74 mn 0.94 mn 5.13 5.12 0.0 0.0 - 9.72
Stressed Assets Timeline Wed Aug 07 00:00:00 IST 2019
Defined Date Without Date

Commencement of CIRP

Wed Aug 07 00:00:00 IST 2019Wed Aug 07 00:00:00 IST 2019
ashoka-chakra

Public Announcement by Resolution Professional

Wed Aug 07 00:00:00 IST 2019Wed Aug 07 00:00:00 IST 2019
ashoka-chakra

Claim submission

Wed Aug 21 00:00:00 IST 2019Wed Aug 21 00:00:00 IST 2019
ashoka-chakra

Invitation for Expression of Interest

Thu Feb 13 00:00:00 IST 2020Thu Feb 13 00:00:00 IST 2020
ashoka-chakra

Submission of Expression of Interest

Fri Feb 28 00:00:00 IST 2020Fri Feb 28 00:00:00 IST 2020
ashoka-chakra

Submission of Resolution Plan

Thu Mar 05 00:00:00 IST 2020Thu Mar 05 00:00:00 IST 2020
ashoka-chakra

Committee of Creditors Approval

Sat Apr 04 00:00:00 IST 2020Sat Apr 04 00:00:00 IST 2020
ashoka-chakra

Submission of Resolution Plan to NCLT

Sat Apr 04 00:00:00 IST 2020Sat Apr 04 00:00:00 IST 2020
ashoka-chakra

Approval of Resolution Plan by NCLT

ashoka-chakra
Invest India Contact Details
To view the Invest India Contact details, Please connect.
IRP Contact Details
To view IRP Contact details, Please connect.
Contact Details
To view Contact details, Please connect.