About Nicco Corporation Ltd
Data last updated:
Nicco Corporation Ltd is a public limited company based in Kolkata, West Bengal, 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 engineering, procurement and construction (epc) segment of the engineering sector. It was incorporated on 31 May 1983.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L55101WB1983PLC036362. Its GSTIN is 19AABCN0570G1ZM (West Bengal). The company holds 10 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 10 Jul 2020 · winding up, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹89 Cr and a paid-up capital of ₹49.21 Cr. It is led by directors including Kartick Kumar Chatterjee (Managing Director) and Dilip Datta.
Its last annual general meeting (AGM) was held on 27 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Nicco House 2 Hare Street, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2016, the company reported a revenue of ₹10.06 Cr, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹49.49 Cr (net margin -491.9%) and EBITDA of -₹10.15 Cr (EBITDA margin -100.9%).
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nicco Group. As per MCA filings, the company has open charges of ₹1,739.06 Cr and satisfied charges of ₹10 Cr on record. Court records list 111 cases involving the company, including 54 filed by the company and 58 filed against it; 6 cases are pending.
The last known website on record is niccogroup.com.
Company details
CIN history
Nicco Corporation has one previous CIN (Corporate Identification Number): U55101WB1983PLC036362. The current CIN is L55101WB1983PLC036362, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L55101WB1983PLC036362 | Current |
| U55101WB1983PLC036362 | Previous |
Contact details
Nicco Corporation Ltd's registered office is in Kolkata, West Bengal. Its website is niccogroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNicco House 2 Hare Street, Kolkata, West Bengal, India – 700001
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Nicco Corporation Ltd, 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
Nicco Corporation operates one associated brand: Nicco Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cable products are manufactured by Nicco Group in India. | niccogroup.com |
Business activity
The main business activity of Nicco Corporation is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Nicco Corporation Ltd, buy the company report.
Financials of Nicco Corporation Ltd
FY 2016 filings availableNicco Corporation Ltd reported revenue of ₹10.06 Cr (down 90% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 90% in the latest year. EBITDA fell 190% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹10.06 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹10.15 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹49.49 Cr | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -100.9% | |
| Net Profit Margin | -491.9% | |
| 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 Nicco Corporation Ltd, buy the company report.
Board of directors of Nicco Corporation Ltd
Nicco Corporation has 9 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Datta | Director | 12 Feb 2016 | 10 Years 8 Months | As last reported |
| Pallavi Priyadarshini Kaul Also directs: Hindustan Wire Metal Products Private Ltd, Beta Commercial Private Limited, Sunflag Commercial Pvt Ltd and 4 more | Director | 31 Oct 2007 | 18 Years 11 Months | As last reported |
| Udayan Ray Also directs: Nicco Ventures Limited | Director | 01 Oct 2011 | 15 Years 0 Months | As last reported |
| Narottam Das Also directs: Nicco Engineering Services Limited | Director | 12 Apr 1993 | 33 Years 6 Months | As last reported |
| Tapan Chaki Also directs: Meridian Advertising Pvt Ltd | Director | 14 Aug 2014 | 12 Years 2 Months | As last reported |
| Shiv Siddhant Narayan Kaul Also directs: Hindustan Wire Metal Products Private Ltd, Beta Commercial Private Limited, Sunflag Commercial Pvt Ltd and 3 more | Director | 31 Oct 2007 | 18 Years 11 Months | As last reported |
Shareholding
The shareholding of Nicco Corporation Ltd is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nicco Corporation Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jan 2013 | 10400161 | Allahabad Bank | ₹2.97 Cr | Open | |
| 02 Mar 2010 | 10205896 | Allahabad Bank | ₹258.5 Cr | Open | |
| 02 Sep 2009 | 10175014 | Uco Bank | ₹12.72 Cr | Open | |
| 29 Jun 2009 | 10171808 | Canara Bank | ₹49.34 Cr | Open | |
| 12 Mar 2008 | 10097231 | State Bank of Travancore | ₹31.75 Cr | Open |
To see the full charge records of Nicco Corporation Ltd, buy the company report.
Total charge records: 49 View all charges
Legal cases
Nicco Corporation Ltd has 111 court cases on record: 54 filed by Nicco Corporation, 58 filed against it. 6 cases are pending and 105 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 55 | 19 | 3 |
| District courts | 36 | 24 | 2 |
| Supreme Court | 13 | 11 | 1 |
| NCLT | 6 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 111)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panchkula, Haryana | Execution petition | Filed against the company by M/S Paltech Cooling Towers and Equipments Ltd. | Pending |
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by D and I Taxcon Services Pvt. Ltd. Through Its Director Tapas Dutta Nicco House, 2, Hare Street, 2Nd Floor, , District: Kolkata ,Kolkata , West Bengal and 1 other | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by D and I Taxcon Services Pvt. Ltd. D and I Taxcon Services Pvt. Ltd. Nicco House, 2, Hare Street, 2Nd Floor , District: Kolkata ,Kolkata , West Bengal | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Nicco Corporation Limited Cable Division Workers’ Union (Citu) and 4 others | Disposed |
| Supreme Court | Court case (1819-Ordinary Civil Matters : Matters relating to demolition) | Filed against the company by D and I Taxcon Services Pvt. Ltd. Through Its Secretary Nicco House , 2, Hare Street , 2Nd Floor ,Kolkata , West Bengal | Disposed |
To see the full case history of Nicco Corporation Ltd, 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 Nicco Corporation Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nicco Corporation has 8 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
Employees & EPFO
Nicco Corporation Ltd has a workforce of 8 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Nicco Corporation has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCN0570G1ZM | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nicco Corporation Ltd, buy the company report.
Recent activity
Nicco Corporation Ltd has 43 board changes on record since 1992: 26 appointments and 17 cessations. The latest: Prabir Chakravarti ceased to be Director on 05 Feb 2017.
105 earlier events are in the company report.
Frequently asked questions
Nicco Corporation 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.
Nicco Corporation is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in engineering, procurement and construction (epc), within the engineering industry. It was incorporated on 31 May 1983 and is registered under CIN L55101WB1983PLC036362. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nicco Corporation has 9 current directors:
- Kartick Kumar Chatterjee - Managing Director
- Dilip Datta - Director
- Pallavi Priyadarshini Kaul - Director
- Udayan Ray - Director
- Narottam Das - Director
- Tapan Chaki - Director
- Shiv Siddhant Narayan Kaul - Director
- Sujit Kumar Poddar - Director
- Rajive Kaul - Director
The latest financial statements of Nicco Corporation on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 27 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nicco Corporation is L55101WB1983PLC036362. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nicco Corporation is recorded as a listed company by MCA, but its shares were delisted from NSE on 10 Jul 2020 · winding up, and no longer trade on a stock exchange.
Nicco Corporation has open charges of ₹1,739.06 Cr and satisfied charges of ₹10 Cr as per latest MCA filings.
Nicco Corporation has 111 court cases on record: 54 filed by the company and 58 filed against it. 6 are pending. Most are in the high courts.
Nicco Corporation was incorporated on 31 May 1983. It is registered with the Registrar of Companies, Kolkata.
Prabir Chakravarti ceased to be Director on 05 Feb 2017. Sourendra Nath Ghosal ceased to be Director on 11 Aug 2016. Dilip Datta was appointed as Director on 12 Feb 2016. Nicco Corporation has 43 board changes on record in total.