Narne Retail Private Limited
About Narne Retail Private Limited
Data last updated:
Narne Retail Private Limited is a private limited company based in Ongole, Andhra Pradesh, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 26 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U52609AP2017PTC105928. Its GSTIN is 37AAFCN6466K1ZW (Andhra Pradesh).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Narne Syamala and Narne Murali.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at D.No. 7B/12/2/1 Nirmal Nagar, Ongole, Andhra Pradesh, India – 523001.
As per the financials filed for FY 2023, the company reported a revenue of ₹61.04 Lakh, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹17.16 Lakh (net margin -28.1%) and EBITDA of -₹7.95 Lakh (EBITDA margin -13%). Revenue has grown at a compounded annual rate (CAGR) of 80% over five years.
As per MCA filings, the company has open charges of ₹1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressD.No. 7B/12/2/1 Nirmal Nagar, Ongole, Andhra Pradesh, India – 523001
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Narne Retail Private Limited
The main business activity of Narne Retail is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Narne Retail Private Limited FY 2023 filings available
Narne Retail Private Limited reported revenue of ₹61.04 Lakh (up 10% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Narne Retail Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 80% over five years, including 10% growth in the latest year. EBITDA fell 686% 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 of Narne Retail Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹7.95 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹17.16 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 of Narne Retail Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -13% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -28.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Narne Retail are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Narne Retail Private Limited
Narne Retail Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Basic Garments Fashion India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Angeliqua Tradelinks Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Veerkrupa Synthetics Private Limited | •••• | •••• | •••• | •••• | - | Surat, Gujarat, India |
| P. B. Ispat Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Ecoscapes International Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Narne Retail Private Limited this company | •••• | •••• | •••• | •••• | - | Ongole, Andhra Pradesh, India |
| Compu-Tree Infotech Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Samay Textiles Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Maithili Tradecom Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Open Loom (India) Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Hindustan Texco Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below Narne Retail by revenue in the Consumer Products industry (Textile Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Narne Retail Private Limited
Narne Retail Private Limited is audited by SAIDA RAO NETTEM & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAIDA RAO NETTEM & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Narne Retail Private Limited
Narne Retail has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narne Syamala Also directs: Sthirasthi Ventures Private Limited | Director | 26 May 2017 | 9 Years 4 Months | Current |
| Narne Murali Also directs: Harivillu Builders and Developers Private Limited | Director | 22 Sep 2021 | 5 Years 0 Months | Current |
Ownership and Shareholding of Narne Retail Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Narne Retail Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 May 2018 | Others | ₹1 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Narne Retail Private Limited
Employment history and EPFO contributions of people linked to Narne Retail.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Narne Retail Private Limited
Narne Retail Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Narne Murali was appointed as Director on 22 Sep 2021.
Credit Ratings, Litigation & Regulatory Alerts for Narne Retail Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Narne Retail Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Narne Retail Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Narne Retail Private Limited
Narne Retail has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCN6466K1ZW | Andhra Pradesh | Active | 18 Sep 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Narne Retail Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Narne Retail Private Limited
Narne Retail is an active private limited company based in Ongole, Andhra Pradesh, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 26 May 2017 (9+ years old) and is registered under CIN U52609AP2017PTC105928.
Narne Retail reported revenue of ₹61.04 Lakh for FY 2023 (up 10% YoY).
Narne Retail has 2 current directors:
- Narne Syamala - Director
- Narne Murali - Director
Narne Retail reported a net loss of ₹17.16 Lakh (net margin -28.1%) and EBITDA of -₹7.95 Lakh (EBITDA margin -13%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Narne Retail is 80% over five years. In the latest year (FY 2023) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Narne Retail is 37AAFCN6466K1ZW, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Narne Retail is U52609AP2017PTC105928. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narne Retail was incorporated on 26 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Narne Retail by revenue are Basic Garments Fashion India Private Limited, Angeliqua Tradelinks Private Limited, Veerkrupa Synthetics Private Limited, P. B. Ispat Private Limited, Ecoscapes International Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution).
Narne Murali was appointed as Director on 22 Sep 2021. Narne Srinivasa Rao ceased to be Managing Director on 22 Sep 2021. Narne Anasuyamma ceased to be Director on 12 Nov 2018. Narne Retail has 5 board changes on record in total.
The registered office of Narne Retail is at D.No. 7B1221 Nirmal Nagar, Ongole, Andhra Pradesh, India – 523001.