About Nice Projects Limited
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Nice Projects Limited is a public limited company based in New Delhi, Delhi, 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 general construction services segment of the infrastructure and utilities sector. It was incorporated on 27 April 2004.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45201DL2004PLC126075. Its GSTIN is 07AACCN2830N2ZB (Delhi). The company holds 10 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹13.58 Cr. It was formerly known as Nice Projects Private Limited. It is led by directors including Sartaj Ali (Managing Director) and Shiraz Ali (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 C – 56A Kalkaji, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2019, the company reported a revenue of ₹162.45 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹2.4 Cr (net margin -1.5%) and EBITDA of ₹4.24 Cr (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
The company has about 26 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹61.89 Cr and satisfied charges of ₹44.32 Cr on record. Court records list 79 cases involving the company, including 7 filed by the company and 72 filed against it; 28 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹59.5 Lakh; the latest was in August 2017. Its 5 peer companies in the Engineering industry (Builders and Developers, Foundry and Fabrication), with the same principal business activity (buildings) are compared by revenue, 3 larger and 2 smaller; the largest is Kumar Agro Products Private Limited with revenue of ₹163.86 Cr.
The last known website on record is cirp.niceppl.com.
Company details
CIN history
Nice Projects has one previous CIN (Corporate Identification Number): U45201DL2004PTC126075. The current CIN is U45201DL2004PLC126075, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201DL2004PLC126075 | Current |
| U45201DL2004PTC126075 | Previous |
Contact details
Nice Projects Limited's registered office is in New Delhi, Delhi. Its website is cirp.niceppl.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC – 56A Kalkaji, New Delhi, Delhi, India – 110019
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Nice Projects 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 Nice Projects is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Nice Projects Limited, buy the company report.
Financials of Nice Projects Limited
FY 2019 filings availableNice Projects Limited reported revenue of ₹162.45 Cr (up 1% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over three years, including 1% growth in the latest year. EBITDA fell 67% 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 | ₹162.45 Cr | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.4 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 2.6% | ||||
| Net Profit Margin | -1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Nice Projects Limited, buy the company report.
Board of directors of Nice Projects Limited
Nice Projects has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiraz Ali | Whole-Time Director | 01 Jan 2009 | 17 Years 9 Months | As last reported |
| Ramu Lakshmi Munis Also directs: Vel Super Tech Projects Private Limited | Additional Director | 19 Nov 2020 | 5 Years 11 Months | As last reported |
| Sartaj Ali Also directs: Nice Agro Products Private Limited, Sana Projects Private Limited | Managing Director | 27 Apr 2004 | 22 Years 5 Months | As last reported |
Peer comparison
Nice Projects Limited is compared with the 5 companies closest to it by revenue in the Engineering industry (Builders and Developers, Foundry and Fabrication), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kumar Agro Products Private Limited | ₹163.86 Cr (FY 2025) | -43.0% | Pune, Maharashtra, India | |||
| GLS Infraprojects Private Limited | ₹163.7 Cr (FY 2025) | 94.0% | Gurugram, Haryana, India | |||
| Sas Itower Private Limited | ₹163.38 Cr (FY 2023) | Hyderabad, Telangana, India | ||||
| Nice Projects Limitedthis company | ₹162.45 Cr (FY 2019) | -₹2.4 Cr | -1.5% | 1.0% | 26 | New Delhi, Delhi, India |
| Green Pearl Engineering Construction Corporation Private Limited | ₹162.07 Cr (FY 2025) | -18.0% | Chennai, Tamil Nadu, India | |||
| VGN Projects Estates Private Limited | ₹162.02 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Nice Projects Limited, buy the company report.
Auditor
Nice Projects Limited is audited by SUDHIR DAS & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHIR DAS & ASSOCIATES | FY 2019 | 024913N |
Shareholding
The shareholding of Nice Projects 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 Nice Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2019 | 100280681 | Others | ₹3.52 Cr | Open | |
| 18 May 2010 | 10224259 | State Bank of India | ₹58.37 Cr | Open | |
| 08 Jul 2014 | 10512118 | Yes Bank Limited | ₹6.79 Cr | Satisfied | |
| 16 Jan 2014 | 10476220 | Axis Bank Limited | ₹16.07 Lakh | Satisfied | |
| 28 Aug 2013 | 10448756 | Axis Bank Limited | ₹36.18 Lakh | Satisfied |
To see the full charge records of Nice Projects Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Nice Projects Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹59.5 Lakh; the latest was in August 2017.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Rights issue | ₹4 Cr | Investors: Valiance Engineers Private Limited , 2 individuals Seller: an individual |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Oct 2012 | Funding round | ₹27.5 Lakh | Investors: 2 individuals |
| Jan 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Nice Projects Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nice Projects Limited has 79 court cases on record: 7 filed by Nice Projects, 72 filed against it. 28 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 59 | 27 |
| NCLAT | 9 | 9 | 1 |
| High courts | 4 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Avanse Financial Services Limited | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by HDFC Bank Ltd | Pending |
| District court, East, Delhi | Cheque dishonour complaint | Filed against the company by Trenty Consultancy Services Private Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by RBL Bank Ltd | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by RBL Bank Ltd. | Pending |
To see the full case history of Nice Projects 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.
Credit ratings & regulatory alerts
Nice Projects Limited was last rated by Care on 30 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Aug 2021 |
To see the full credit ratings and regulatory alerts of Nice Projects Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nice Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nice Projects has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sana Projects Private Limited | U45201DL2005PTC141166 |
To see the full group structure of Nice Projects Limited, buy the company report.
Employees & EPFO
Nice Projects Limited has a workforce of 26 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Nice Projects has 10 GST registrations: 3 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCN2830N2ZB | Delhi | Active | 12 Aug 2021 |
| 22AACCN2830N1ZK | Chhattisgarh | Active | 01 Feb 2018 |
| 09AACCN2830N2Z7 | Uttar Pradesh | Active | 24 Jun 2021 |
To see the full GST registrations and return filing status of Nice Projects Limited, buy the company report.
Recent activity
Nice Projects Limited has 16 board changes on record since 2004: 3 appointments and 13 cessations. The latest: Ramu Lakshmi Munis was appointed as Additional Director on 19 Nov 2020.
48 earlier events are in the company report.
Frequently asked questions
Nice Projects 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.
Nice Projects is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 27 April 2004 and is registered under CIN U45201DL2004PLC126075. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nice Projects has 3 current directors:
- Sartaj Ali - Managing Director
- Shiraz Ali - Whole-Time Director
- Ramu Lakshmi Munis - Additional Director
The latest financial statements of Nice Projects 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 Nice Projects is U45201DL2004PLC126075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nice Projects has open charges of ₹61.89 Cr and satisfied charges of ₹44.32 Cr as per latest MCA filings.
Nice Projects has 79 court cases on record: 7 filed by the company and 72 filed against it. 28 are pending. Most are in the district courts.
Nice Projects was incorporated on 27 April 2004. It is registered with the Registrar of Companies, Delhi.
Nice Projects has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹59.5 Lakh; the latest was in August 2017.
The peers of Nice Projects by revenue are Kumar Agro Products Private Limited, GLS Infraprojects Private Limited, Sas Itower Private Limited, Green Pearl Engineering Construction Corporation Private Limited, VGN Projects Estates Private Limited, all in the Engineering industry (Builders and Developers, Foundry and Fabrication), with the same principal business activity (buildings).
Ramu Lakshmi Munis was appointed as Additional Director on 19 Nov 2020. Adil Karim Wani ceased to be Director on 07 Sep 2019. Nawaz Warsi ceased to be Director on 07 Sep 2019. Nice Projects has 16 board changes on record in total.