About NCS Sugars Limited
Data last updated:
NCS Sugars Limited is a public limited company based in Hyderabad, Telangana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 06 June 2002.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U15421TG2002PLC039085. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹20 Cr. It is led by directors including Narayanam Nageswara Rao (Managing Director) and Zaheerulehsan Mohammed.
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 405 Minar Apartments Deccan Towers Basheerbagh, Hyderabad, Telangana, India – 500001.
As per the financials filed for FY 2019, the company reported a revenue of ₹71.83 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹6.6 Cr (net margin -9.2%) and EBITDA of -₹5.29 Cr (EBITDA margin -7.4%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years.
The company has about 35 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2,259.12 Cr and satisfied charges of ₹244.05 Cr on record. Court records list 253 cases involving the company, including 98 filed by the company and 155 filed against it; 50 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in July 2018.
The last known website on record is ncsgroup.in.
Company details
CIN history
NCS Sugars has one previous CIN (Corporate Identification Number): U15421AP2002PLC039085. The current CIN is U15421TG2002PLC039085, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15421TG2002PLC039085 | Current |
| U15421AP2002PLC039085 | Previous |
Contact details
NCS Sugars Limited's registered office is in Hyderabad, Telangana. Its website is ncsgroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address405 Minar Apartments Deccan Towers Basheerbagh, Hyderabad, Telangana, India – 500001
- IndustryAgriculture, Sugar Processing
To see the full contact details of NCS Sugars 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 activities of NCS Sugars are manufacturing, electricity, gas, steam and air condition supply and trade. In detail, this covers food, beverages and tobacco products, electric power generation, transmission and distribution and wholesale trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of NCS Sugars Limited, buy the company report.
Financials of NCS Sugars Limited
FY 2019 filings availableNCS Sugars Limited reported revenue of ₹71.83 Cr (down 11% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over three years, including a 11% fall in the latest year. EBITDA rose 89% 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 | ₹71.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.6 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.4% | ||||
| Net Profit Margin | -9.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of NCS Sugars Limited, buy the company report.
Board of directors of NCS Sugars Limited
NCS Sugars has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanam Nageswara Rao | Managing Director | 01 Apr 2010 | 16 Years 6 Months | As last reported |
| Zaheerulehsan Mohammed | Director | 19 May 2018 | 8 Years 5 Months | As last reported |
| Rama Rao Jakulla | Director | 10 Aug 2015 | 11 Years 2 Months | As last reported |
Auditor
NCS Sugars Limited is audited by P V SATEESH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P V SATEESH & ASSOCIATES | FY 2019 | 010212S |
Shareholding
The shareholding of NCS Sugars 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 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of NCS Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2012 | 10399750 | Others | ₹164.19 Cr | Open | |
| 31 Dec 2012 | 10399001 | Indian Overseas Bank | ₹11.21 Cr | Open | |
| 22 Mar 2010 | 10212438 | Oriental Bank of Commerce | ₹130 Cr | Open | |
| 11 Feb 2010 | 10210226 | Others | ₹164.19 Cr | Open | |
| 31 Dec 2009 | 10199780 | Oriental Bank of Commerce | ₹40 Cr | Open |
To see the full charge records of NCS Sugars Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
NCS Sugars Limited has 5 deals on record (5 secondary share transfers); the latest was in July 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: NCS Sugars (Nellore) Limited Seller: Tvg Sraac Limited |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shiva Alloys Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Tvg Sraac Limited Seller: an individual |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: Tvg Sraac Limited Seller: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: NCS Investments Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
NCS Sugars Limited has 253 court cases on record: 98 filed by NCS Sugars, 155 filed against it. 50 cases are pending and 203 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 146 | 70 | 32 |
| District courts | 85 | 64 | 15 |
| Supreme Court | 13 | 12 | 0 |
| NCLAT | 5 | 5 | 3 |
| NCLT | 4 | 4 | 0 |
Cases on record (5 of 253)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed by the company against M/S. Maximus Arc Limited and 2 others | Pending |
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed against the company by K.C.P. Sugar and Industries Corporation Limited, | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by Sudalagunta Sugars Limited | Pending |
| High Court, TELANGANA | Writ petition | Filed against the company by M/ S. Sai Samhita Storages Private Limited | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Manikaran Power Limited | Pending |
To see the full case history of NCS Sugars 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 NCS Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
NCS Sugars Limited has a workforce of 35 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
NCS Sugars has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of NCS Sugars Limited, buy the company report.
Recent activity
NCS Sugars Limited has 10 board changes on record since 2010: 3 appointments and 7 cessations. The latest: Zaheerulehsan Mohammed ceased to be Additional Director on 29 Sep 2018.
60 earlier events are in the company report.
Frequently asked questions
NCS Sugars is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
NCS Sugars is a company under insolvency, formerly operating as a public limited company based in Hyderabad, Telangana, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 06 June 2002 and is registered under CIN U15421TG2002PLC039085. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
NCS Sugars has 3 current directors:
- Narayanam Nageswara Rao - Managing Director
- Zaheerulehsan Mohammed - Director
- Rama Rao Jakulla - Director
The latest financial statements of NCS Sugars 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.
The CIN (Corporate Identification Number) of NCS Sugars is U15421TG2002PLC039085. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NCS Sugars has open charges of ₹2,259.12 Cr and satisfied charges of ₹244.05 Cr as per latest MCA filings.
NCS Sugars has 253 court cases on record: 98 filed by the company and 155 filed against it. 50 are pending. Most are in the high courts.
NCS Sugars was incorporated on 06 June 2002. It is registered with the Registrar of Companies, Hyderabad.
NCS Sugars has 5 deals on record (5 secondary share transfers); the latest was in July 2018.
Zaheerulehsan Mohammed ceased to be Additional Director on 29 Sep 2018. Dwivedula Satyanarayana Peri Sastry ceased to be Director on 19 May 2018. Zaheerulehsan Mohammed was appointed as Director on 19 May 2018. NCS Sugars has 10 board changes on record in total.