Nag Leathers Private Limited
About Nag Leathers Private Limited
Data last updated:
Nag Leathers Private Limited was a private limited company based in Ranipet, Tamil Nadu, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the leather goods manufacturing segment of the consumer goods sector. It was incorporated on 07 November 1990.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U18209TN1990PTC019861. Its GSTIN is 33AAACN2006Q1ZL (Tamil Nadu).
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.8 Cr. It was led by directors including Subramanipillai Chokkalingam Pillai (Managing Director) and Chockalingam Jagadeesh.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at 48 Sipcot Industrial Complex, Ranipet, Tamil Nadu, India – 632403.
As per the financials filed for FY 2015, the company reported a revenue of ₹31.15 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹38.19 Lakh (net margin -1.2%) and EBITDA of ₹2.91 Cr (EBITDA margin 9.3%).
The company had about 10 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹57.8 Cr on record. Court records list 50 cases involving the company, including 31 filed by the company and 19 filed against it; 7 cases are pending.
Company details
Contact details
Nag Leathers Private Limited's registered office is in Ranipet, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address48 Sipcot Industrial Complex, Ranipet, Tamil Nadu, India – 632403
- IndustryConsumer Goods, Leather Goods Manufacturing
To see the full contact details of Nag Leathers 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
Financials of Nag Leathers Private Limited
FY 2015 filings availableNag Leathers Private Limited reported revenue of ₹31.15 Cr (down 14% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year. EBITDA rose 41% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹31.15 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹2.91 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹38.19 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 9.3% |
| Net Profit Margin | -1.2% |
| 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 Nag Leathers Private Limited, buy the company report.
Board of directors of Nag Leathers Private Limited
Nag Leathers has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chockalingam Jagadeesh | Director | 25 Apr 2003 | 23 Years 6 Months | As last reported |
| Subramanipillai Chokkalingam Pillai | Managing Director | 07 Nov 1990 | 35 Years 11 Months | As last reported |
| Chockalingam Pillai Shanmugathammal | Director | 30 Jan 1994 | 32 Years 9 Months | As last reported |
Auditor
Nag Leathers Private Limited is audited by A Y THIRUVACHAGAN & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A Y THIRUVACHAGAN & CO | FY 2015 | 010186S |
Shareholding
The shareholding of Nag Leathers Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Nag Leathers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2016 | 100030827 | Others | ₹8.9 Cr | Open | |
| 23 Mar 1998 | 90283821 | Union Bank of India | ₹6.41 Cr | Open | |
| 03 Aug 1997 | 90283771 | Union Bank of India | ₹39 Cr | Open | |
| 05 Jan 1996 | 90283674 | Indian Bank | ₹1.85 Cr | Open | |
| 20 Jan 1995 | 90282748 | Indian Bank | ₹1 Cr | Open |
To see the full charge records of Nag Leathers Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Nag Leathers Private Limited has 50 court cases on record: 31 filed by Nag Leathers, 19 filed against it. 7 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 4 | 6 |
| District courts | 16 | 14 | 1 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ranipet, Tamil Nadu | Execution petition | Filed against the company by Kem Finishes Private Limited | Disposed |
| District court, Vellore, Tamil Nadu | Civil suit | Filed against the company by Kem Finishes Pvt Limited | Disposed |
| High Court, TAMIL NADU | Court case (CRL MP) | Filed by the company against an individual | Pending |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed by the company against an individual | Pending |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed by the company against an individual | Pending |
To see the full case history of Nag Leathers 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 Nag Leathers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nag Leathers Private Limited has a workforce of 10 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Nag Leathers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACN2006Q1ZL | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nag Leathers Private Limited, buy the company report.
Recent activity
Nag Leathers Private Limited has 3 board changes on record since 1990: 3 appointments. The latest: Chockalingam Jagadeesh was appointed as Director on 25 Apr 2003.
4 earlier events are in the company report.
Frequently asked questions
Nag Leathers has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Nag Leathers was a private limited company based in Ranipet, Tamil Nadu, India. The company worked in leather goods manufacturing, within the consumer goods industry. It was incorporated on 07 November 1990 and is registered under CIN U18209TN1990PTC019861. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Nag Leathers was incorporated on 07 November 1990. It is registered with the Registrar of Companies, Chennai.
Nag Leathers had 3 directors:
- Subramanipillai Chokkalingam Pillai - Managing Director
- Chockalingam Jagadeesh - Director
- Chockalingam Pillai Shanmugathammal - Director
The CIN (Corporate Identification Number) of Nag Leathers is U18209TN1990PTC019861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Nag Leathers is at 48 Sipcot Industrial Complex, Ranipet, Tamil Nadu, India – 632403.
The latest financial statements of Nag Leathers on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The GSTIN of Nag Leathers is 33AAACN2006Q1ZL, registered in Tamil Nadu.
Nag Leathers operated in the consumer goods industry, in the leather goods manufacturing segment.
Nag Leathers has 50 court cases on record: 31 filed by the company and 19 filed against it. 7 are pending. Most are in the high courts.
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