About Nayagi Fireworks Private Limited
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Nayagi Fireworks Private Limited is a private limited company based in Sivakasi, Tamil Nadu, India. It operates in the graphite manufacturing and processing segment of the metals and mining sector. It was incorporated on 25 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24292TN2004PTC053318. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹80 Lakh. It is led by directors including Kesavan Lathamaheswari and Varadharaj Alagarsamy.
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 4/70 Thayilpatti (Post)Sivakasi – 626 128 Sivakasi – 626 128, Tamil Nadu, India – 626128.
As per the financials filed for FY 2019, the company reported a revenue of ₹34.49 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹17.67 Lakh (net margin -51.2%) and EBITDA of ₹23.49 Lakh (EBITDA margin 68.1%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹16.54 Cr on record. Court records list 40 cases involving the company, including 35 filed by the company and 5 filed against it; 3 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹70 Lakh; the latest was in March 2015.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website nayagifireworks.com.
Company details
Contact details
Nayagi Fireworks Private Limited's registered office is in Sivakasi, Tamil Nadu. Its website is nayagifireworks.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address4/70 Thayilpatti (Post)Sivakasi – 626 128 Sivakasi – 626 128, Tamil Nadu, India – 626128
- IndustryMetals and Minerals, Graphite Manufacturing & Processing
To see the full contact details of Nayagi Fireworks 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 Nayagi Fireworks is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Nayagi Fireworks Private Limited, buy the company report.
Financials of Nayagi Fireworks Private Limited
FY 2019 filings availableNayagi Fireworks Private Limited reported revenue of ₹34.49 Lakh (down 87% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 87% fall in the latest year. EBITDA rose 107% 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 | ₹34.49 Lakh | ||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.67 Lakh | ||||
| Balance Sheet | |||||
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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 | 68.1% | ||||
| Net Profit Margin | -51.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Nayagi Fireworks Private Limited, buy the company report.
Board of directors of Nayagi Fireworks Private Limited
Nayagi Fireworks has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kesavan Lathamaheswari | Director | 25 May 2004 | 22 Years 5 Months | Current |
| Varadharaj Alagarsamy Also directs: Sri Nayagi Crackers Factory LLP, Nayagi Incubation Council | Director | 25 May 2004 | 22 Years 5 Months | Current |
| Varadharaj Kesavan | Director | 25 May 2004 | 22 Years 5 Months | Current |
| Brindha Also directs: Nayagi Incubation Council | Director | 25 May 2004 | 22 Years 5 Months | Current |
Shareholding
The shareholding of Nayagi Fireworks Private Limited is on record for 5 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 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nayagi Fireworks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Sep 2015 | 100019317 | Others | ₹4 Cr | Open | |
| 26 May 2005 | 90288159 | City Union Bank Limited | ₹12.54 Cr | Open |
To see the full charge records of Nayagi Fireworks Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Nayagi Fireworks Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹70 Lakh; the latest was in March 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹70 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nayagi Fireworks Private Limited has 40 court cases on record: 35 filed by Nayagi Fireworks, 5 filed against it. 3 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 4 | 3 |
| High courts | 17 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Salem, Tamil Nadu | Criminal case | Filed against the company by Sujitha Chemical Industries, Rep. by Its Managing Partner Dakshayani | Pending |
| District court, Salem, Tamil Nadu | Criminal case | Filed against the company by Sujitha Chemicals, Rep. by Its Managing Partner Kumar Ramnath | Pending |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Court case (WMP(MD)) | Filed by the company against individuals | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against The Authorized Officer, State Bank of India the Authorized Officer, State Bank of India Stressed Assets Recovery Branch (Sarb), No.8, Dr.Ambedkar Road, First Floor of Vinayaga Nagar Branch, ,Madurai , Tamil Nadu and 1 other | Disposed |
To see the full case history of Nayagi Fireworks 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 Nayagi Fireworks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nayagi Fireworks Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Nayagi Fireworks 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 Nayagi Fireworks Private Limited, buy the company report.
Recent activity
Nayagi Fireworks Private Limited has 4 board changes on record since 2004: 4 appointments. The latest: Brindha was appointed as Director on 25 May 2004.
Frequently asked questions
Nayagi Fireworks is an active private limited company based in Sivakasi, Tamil Nadu, India. The company works in graphite manufacturing and processing, within the metals and minerals industry. It was incorporated on 25 May 2004 (22+ years old) and is registered under CIN U24292TN2004PTC053318.
Nayagi Fireworks has 4 current directors:
- Kesavan Lathamaheswari - Director
- Varadharaj Alagarsamy - Director
- Varadharaj Kesavan - Director
- Brindha - Director
The latest financial statements of Nayagi Fireworks 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. Nayagi Fireworks has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Nayagi Fireworks is U24292TN2004PTC053318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nayagi Fireworks has 40 court cases on record: 35 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Nayagi Fireworks was incorporated on 25 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Nayagi Fireworks has 1 deal on record (1 funding round), with disclosed funding of ₹70 Lakh; the latest was in March 2015.
Brindha was appointed as Director on 25 May 2004. Kesavan Lathamaheswari was appointed as Director on 25 May 2004. Varadharaj Alagarsamy was appointed as Director on 25 May 2004. Nayagi Fireworks has 4 board changes on record in total.
Nayagi Fireworks can be reached through the website nayagifireworks.com. Its registered office is in Sivakasi, Tamil Nadu, India.
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