About Nexus Feeds Limited
Data last updated:
Nexus Feeds 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 animal feeds segment of the agriculture sector. It was incorporated on 21 December 2006.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U05004TG2006PLC052078. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹62.33 Cr and a paid-up capital of ₹62.33 Cr. It was formerly known as Goldcity Estates Limited and Goldcity Estates Limited. It is led by directors including Goluguri Sri Rama Reddy (Managing Director) and Goluguri Ramakrishna Reddy.
Its last annual general meeting (AGM) was held on 31 October 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Door No.8 – 1 – 301/86 – 87 Plot No.101 Saipriya Residency Lakshmi Nagar Colony, Hyderabad, Telangana, India – 500008.
As per the financials filed for FY 2020, the company reported a revenue of ₹361.67 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹3.47 Cr (net margin 1%) and EBITDA of ₹18.43 Cr (EBITDA margin 5.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 3% over five years.
The company is associated with 1 brand: Nexus Feeds. As per MCA filings, the company has open charges of ₹114.18 Cr on record. Court records list 288 cases involving the company, including 184 filed by the company and 104 filed against it; 80 cases are pending.
The last known website on record is nexusfeeds.com.
Company details
Name history
Nexus Feeds has undergone 4 name changes throughout its history. The current legal name is Nexus Feeds Limited.
| Company Name | Status |
|---|---|
| Nexus Feeds Limited | Current |
| Goldcity Estates Limited | Previous |
| Goldcity Estates Limited | Previous |
| Goldcity Estates Pvt Limited | Previous |
| Goldcity Estates Private Limited | Previous |
CIN history
Nexus Feeds has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U05004TG2006PLC052078, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U05004TG2006PLC052078 | Current |
| U05004AP2006PLC052078 | Previous |
| U70102AP2006PLC052078 | Previous |
| U70102AP2006PTC052078 | Previous |
Contact details
Nexus Feeds Limited's registered office is in Hyderabad, Telangana. Its website is nexusfeeds.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDoor No.8 – 1 – 301/86 – 87 Plot No.101 Saipriya Residency Lakshmi Nagar Colony, Hyderabad, Telangana, India – 500008
- IndustryAgriculture, Animal Feeds
To see the full contact details of Nexus Feeds 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
Brands
Nexus Feeds operates one associated brand: Nexus Feeds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures feed for fish | nexusfeeds.com |
Business activity
The main business activity of Nexus Feeds is agriculture, forestry, fishing. In detail, this covers fishing and aquaculture.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A3 | Fishing and aquaculture |
To see the full business activity and turnover split of Nexus Feeds Limited, buy the company report.
Financials of Nexus Feeds Limited
FY 2020 filings availableNexus Feeds Limited reported revenue of ₹361.67 Cr (down 23% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 23% fall in the latest year. EBITDA fell 32% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹361.67 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹18.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.47 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Nexus Feeds Limited, buy the company report.
Board of directors of Nexus Feeds Limited
Nexus Feeds has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Goluguri Ramakrishna Reddy | Director | 21 Dec 2006 | 19 Years 10 Months | As last reported |
| Radha Goluguri | Director | 23 Mar 2015 | 11 Years 7 Months | As last reported |
| Goluguri Sri Rama Reddy Also directs: Nutrient Marine Foods Limited, Nancy Industries Limited, Novelty Reddy and Reddy Motors Private Limited and 1 more | Managing Director | 23 Oct 2009 | 17 Years 0 Months | As last reported |
| Goluguri Venkata Reddy | Director | 21 Dec 2006 | 19 Years 10 Months | As last reported |
Auditor
Nexus Feeds Limited is audited by Satyanarayana Raju & Co for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Satyanarayana Raju & Co | FY 2020 | 007527S |
Shareholding
The shareholding of Nexus Feeds Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | 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 Nexus Feeds Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 May 2011 | 10287778 | State Bank of India | ₹114.18 Cr | Open |
To see the full charge records of Nexus Feeds Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Nexus Feeds Limited has 288 court cases on record: 184 filed by Nexus Feeds, 104 filed against it. 80 cases are pending and 208 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 174 | 46 | 55 |
| High courts | 65 | 9 | 2 |
| Supreme Court | 43 | 43 | 23 |
| NCLT | 6 | 6 | 0 |
Cases on record (5 of 288)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed against the company by Clarion Agro Products Pvt. Ltd., Rep by Mr. Shaik Muqthiar | Pending |
| District court, East Godavari, Andhra Pradesh | Appeal | Filed by the company against M/S Godavari Roller Flour Mills Pvt Ltd | Disposed |
| High Court | Appeal | Filed against the company by Blue Line Foods (India) Pvt Ltd | Disposed |
| Supreme Court | Court case (0323-Direct Taxes Matter : Others) | Filed against the company by M/S. Nakshatra Feeds India Pvt. Ltd.. D.No. 48-19-4, Samatha Residency, Ramchandra Nagar, Vijayawada , , Telangana and 4 others | Disposed |
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by M/S Kingfish Products Pvt. Ltd | Disposed |
To see the full case history of Nexus Feeds 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
Nexus Feeds Limited was last rated by Care on 22 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Jul 2022 |
To see the full credit ratings and regulatory alerts of Nexus Feeds Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nexus Feeds Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nexus Feeds has 4 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 Nexus Feeds Limited, buy the company report.
Recent activity
Nexus Feeds Limited has 8 board changes on record since 2006: 4 appointments and 4 cessations. The latest: Suryanarayana Vankadaru ceased to be Director on 10 Oct 2016.
1 earlier event is in the company report.
Frequently asked questions
Nexus Feeds 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.
Nexus Feeds is a company under insolvency, formerly operating as a public limited company based in Hyderabad, Telangana, India. The company works in animal feeds, within the agriculture industry. It was incorporated on 21 December 2006 and is registered under CIN U05004TG2006PLC052078. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nexus Feeds has 4 current directors:
- Goluguri Sri Rama Reddy - Managing Director
- Goluguri Ramakrishna Reddy - Director
- Radha Goluguri - Director
- Goluguri Venkata Reddy - Director
The latest financial statements of Nexus Feeds on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 October 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nexus Feeds is U05004TG2006PLC052078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nexus Feeds has open charges of ₹114.18 Cr and no satisfied charges on record as per latest MCA filings.
Nexus Feeds has 288 court cases on record: 184 filed by the company and 104 filed against it. 80 are pending. Most are in the district courts.
Nexus Feeds was incorporated on 21 December 2006. It is registered with the Registrar of Companies, Hyderabad.
Suryanarayana Vankadaru ceased to be Director on 10 Oct 2016. Venkata Subrahmanyan Voleti ceased to be Director on 10 Oct 2016. Radha Goluguri ceased to be Additional Director on 27 Sep 2015. Nexus Feeds has 8 board changes on record in total.
Nexus Feeds can be reached through the website nexusfeeds.com. Its registered office is in Hyderabad, Telangana, India.