Needos Bar Private Limited
About Needos Bar Private Limited
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Needos Bar Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the restaurants and dining services segment of the travel and hospitality sector. It was incorporated on 28 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U15511MH1999PTC120087. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹4.03 Lakh. It is led by directors including Rajeev Pyarelalji Jaiswal (Managing Director) and Anilkumar Nandlal Jaiswal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Munje Chowk Sitabuldi, Nagpur, Maharashtra, India – 440012.
As per the financials filed for FY 2019, the company reported a revenue of ₹8.6 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹12.86 Lakh (net margin -149.5%) and EBITDA of -₹12.54 Lakh (EBITDA margin -145.7%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 35% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Needos Bar Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressMunje Chowk Sitabuldi, Nagpur, Maharashtra, India – 440012
- IndustryTravel and Hospitality, Restaurants & Dining Services
To see the full contact details of Needos Bar 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 Needos Bar is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Needos Bar Private Limited, buy the company report.
Financials of Needos Bar Private Limited
FY 2019 filings availableNeedos Bar Private Limited reported revenue of ₹8.6 Lakh (down 42% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 42% fall in the latest year. EBITDA fell 29% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8.6 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹12.54 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.86 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -145.7% | ||||
| Net Profit Margin | -149.5% | ||||
| 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 Needos Bar Private Limited, buy the company report.
Board of directors of Needos Bar Private Limited
Needos Bar has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anilkumar Nandlal Jaiswal Also directs: Orient Wine Company Private Limited | Whole-Time Director | 30 Apr 2001 | 25 Years 5 Months | Current |
| Shailendra Kamalkishore Jaiswal | Whole-Time Director | 28 May 1999 | 27 Years 4 Months | Current |
| Rajeev Pyarelalji Jaiswal Also directs: Nagpur Ceramics Private Limited, Noble Ceramic Pvt Ltd, Supreme Refractories and Products Private Limited and 1 more | Managing Director | 28 May 1999 | 27 Years 4 Months | Current |
| Prashant Suresh Jaiswal | Whole-Time Director | 28 May 1999 | 27 Years 4 Months | Current |
Peer comparison
Needos Bar Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Services industry (Restaurants), with the same principal business activity (food and beverage services provided by hotels, restaurants, caterers, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dome Hospitality Services Private Limited | ₹8.74 Lakh (FY 2021) | Bengaluru, Karnataka, India | ||||
| Needos Bar Private Limitedthis company | ₹8.6 Lakh (FY 2019) | -₹12.86 Lakh | -149.5% | -42.0% | Nagpur, Maharashtra, India | |
| Radiant Restaurants Private Limited | ₹8.6 Lakh (FY 2018) | Gurgaon, Haryana, India | ||||
| Brookside Restaurants Private Limited | ₹8.53 Lakh (FY 2017) | -45.0% | Chennai, Tamil Nadu, India | |||
| Heyquid Global Private Limited | ₹8.49 Lakh (FY 2020) | Delhi, India |
To see the full peer comparison of Needos Bar Private Limited, buy the company report.
Auditor
Needos Bar Private Limited is audited by VINEY BAKHLE & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINEY BAKHLE & ASSOCIATES | FY 2019 | 111492W |
Shareholding
The shareholding of Needos Bar Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Needos Bar Private Limited, buy the company report.
Legal cases
Needos Bar Private Limited has 2 court cases on record: 2 filed by Needos Bar. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Employees Provident Fund and Another | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Regional Provident Fund Comm.Nagpur and Another, | Disposed |
To see the full case history of Needos Bar 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 Needos Bar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Needos Bar 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 Needos Bar Private Limited, buy the company report.
Recent activity
Needos Bar Private Limited has 9 board changes on record since 1999: 4 appointments and 5 cessations. The latest: Anilkumar Nandlal Jaiswal ceased to be Whole-Time Director on 14 Mar 2016.
Frequently asked questions
Needos Bar is an active private limited company based in Nagpur, Maharashtra, India. The company works in restaurants and dining services, within the travel and hospitality industry. It was incorporated on 28 May 1999 (27+ years old) and is registered under CIN U15511MH1999PTC120087.
Needos Bar has 4 current directors:
- Rajeev Pyarelalji Jaiswal - Managing Director
- Anilkumar Nandlal Jaiswal - Whole-Time Director
- Shailendra Kamalkishore Jaiswal - Whole-Time Director
- Prashant Suresh Jaiswal - Whole-Time Director
The latest financial statements of Needos Bar on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Needos Bar has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Needos Bar is U15511MH1999PTC120087. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Needos Bar has 2 court cases on record: 2 filed by the company.
Needos Bar was incorporated on 28 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Needos Bar by revenue are Dome Hospitality Services Private Limited, Radiant Restaurants Private Limited, Brookside Restaurants Private Limited, Heyquid Global Private Limited, all in the Consumer Services industry (Restaurants), with the same principal business activity (food and beverage services provided by hotels, restaurants, caterers, etc.).
Anilkumar Nandlal Jaiswal ceased to be Whole-Time Director on 14 Mar 2016. Prashant Suresh Jaiswal ceased to be Whole-Time Director on 14 Mar 2016. Rajeev Pyarelalji Jaiswal ceased to be Managing Director on 14 Mar 2016. Needos Bar has 9 board changes on record in total.
The registered office of Needos Bar is at Munje Chowk Sitabuldi, Nagpur, Maharashtra, India – 440012.
Needos Bar operates in the travel and hospitality industry, in the restaurants and dining services segment.