MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-20-0018193
Nice Papers Limited - manufacturing in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹64.63 Lakh
▼ 79% YoY
Net profit · FY 2025
₹17.89 Lakh
Net margin 27.7%
EBITDA · FY 2025
-₹7.78 Lakh
EBITDA margin -12%
Authorised capital
₹2.25 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Satisfied charges
₹11.8 Cr
No open charges
Company age
35 yrs
Est. 1991
Employees · EPFO
32
Provident fund records
About Nice Papers Limited
Data last updated:
Nice Papers Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 28 August 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21090MH1991PLC063114. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Rajesh Bhimji Patel (Managing Director) and Umesh Panchan Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nagpur, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹64.63 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net profit of ₹17.89 Lakh (net margin 27.7%) and EBITDA of -₹7.78 Lakh (EBITDA margin -12%). Revenue has declined at a compounded annual rate (CAGR) of 77% over three years and 53% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nice Papers Limited. As per MCA filings, the company has satisfied charges of ₹11.8 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending.
Nice Papers Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0018193). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nicepaperslimited.com.
Company details
CIN U21090MH1991PLC063114
Registration Number 063114
Incorporation Date 28 August 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-20-0018193
CIN history
Nice Papers has one previous CIN (Corporate Identification Number): L21090MH1991PLC063114. The current CIN is U21090MH1991PLC063114, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21090MH1991PLC063114 | Current |
| L21090MH1991PLC063114 | Previous |
Key People
Rajesh Bhimji Patel Managing Director Umesh Panchan Patel Whole-Time Director Vishal Manorrao Gorle Director Recognitions & Rankings of Nice Papers
Contact details
Nice Papers Limited's registered office is in Nagpur, Maharashtra. Its website is nicepaperslimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS No. 2 Ramkrish App. Chapru Chowk, Lakadganj, Nagpur, Maharashtra, India – 440008
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Nice Papers Limited, buy the company report.
Comprehensive company report
Nice Papers Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Nice Papers operates one associated brand: Nice Papers Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Paper manufacturing and related services in Nagpur. | nicepaperslimited.com |
Business activity
The main business activity of Nice Papers is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Nice Papers Limited, buy the company report.
Financials of Nice Papers Limited
FY 2025 filings availableNice Papers Limited reported revenue of ₹64.63 Lakh (down 79% YoY) for FY 2025.
Revenue · FY 2025
₹64.63 Lakh ▼ 79%
Net profit · FY 2025
₹17.89 Lakh margin 27.7%
EBITDA · FY 2025
-₹7.78 Lakh margin -12%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 77%
5 years · compounded
▼ 53%
EBITDA CAGR growth
1 year
▼ 155%
3 years · compounded
▼ 100%
5 years · compounded
▲ 48%
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 79% fall in the latest year. EBITDA fell 155% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.78 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.89 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12% | ||||
| Net Profit Margin | 27.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Nice Papers Limited, buy the company report.
Board of directors of Nice Papers Limited
Nice Papers has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Manorrao Gorle Also directs: Grace Technologies & Consultants Private Limited | Director | 11 Nov 2016 | 9 Years 11 Months | Current |
| Kishor Bhimji Patel | Director | 25 Dec 2017 | 8 Years 9 Months | Current |
| Rajesh Bhimji Patel | Managing Director | 10 Aug 2015 | 11 Years 2 Months | Current |
| Umesh Panchan Patel | Whole-Time Director | 10 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Nice Papers Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gourang Paper Products Private Limited | ₹66.75 Lakh (FY 2025) | -52.0% | Kolhapur, Maharashtra, India | |||
| Shiv Malhar Paper Bag Private Limited | ₹66.64 Lakh (FY 2023) | Pune, Maharashtra, India | ||||
| Shristi Forms Private Limited | ₹65.98 Lakh (FY 2024) | -17.0% | Kolkata, West Bengal, India | |||
| Chimanlals Private Limited | ₹65.88 Lakh (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| Nice Papers Limitedthis company | ₹64.63 Lakh (FY 2025) | ₹17.89 Lakh | 27.7% | -79.0% | 32 | Nagpur, Maharashtra, India |
To see the full peer comparison of Nice Papers Limited, buy the company report.
Auditor
Nice Papers Limited is audited by Jain Nandgaonkar & Shah for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Nandgaonkar & Shah | FY 2023 | 126072W |
Shareholding
The shareholding of Nice Papers Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nice Papers Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹11.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2022 | 100526965 | Others | ₹14 Lakh | Satisfied | |
| 12 Nov 2011 | 10320228 | Axis Bank Limited | ₹6.38 Cr | Satisfied | |
| 10 Mar 2006 | 80012819 | Oriental Bank of Commerce | ₹2.06 Cr | Satisfied | |
| 30 Mar 2002 | 90154674 | The United Western Bank Ltd. | ₹1.52 Cr | Satisfied | |
| 07 May 1996 | 90154210 | Oriental Bank of Commerce | ₹20 Lakh | Satisfied |
To see the full charge records of Nice Papers Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Nice Papers Limited has 7 court cases on record: 4 filed by Nice Papers, 3 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
4
Filed against the company
3
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
| High courts | 3 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Maharashtra State Electricity Distribution Co. Ltd. THR. Superintending Engineer, Nagpur | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Siddharth Enterprises | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Ms Kanoi Paper Ind. Ltd 3 and 3 others | Disposed |
To see the full case history of Nice Papers 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
Nice Papers Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Esskay Technovision | |||
| an individual supplier | |||
| Tanisha Resins Private Limited |
To see the full MSME payment records of Nice Papers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nice Papers Limited has a workforce of 32 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
-58.44%
GST
Nice Papers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Nice Papers Limited, buy the company report.
Recent activity
Nice Papers Limited has 15 board changes on record since 2009: 4 appointments and 11 cessations. The latest: Kishor Bhimji Patel ceased to be Additional Director on 29 Sep 2018.
AGM
Nice Papers Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nice Papers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 12 Nov 2011 via Charge ID 10320228 with Axis Bank Limited was fully satisfied on 01 Mar 2025.
Charges
A charge registered on 08 Jan 2022 via Charge ID 100526965 with Others was fully satisfied on 13 Jun 2024.
Charges
A charge with Axis Bank Limited of Rs. 6.38 Cr registered on 12 Nov 2011 with Charge ID 10320228 was modified on 04 Aug 2022.
Charges
A charge with Others amounted to Rs. 0.14 Cr with Charge ID 100526965 was registered on 08 Jan 2022.
Ceased
Kishor Bhimji Patel ceased to be Additional Director.
Appointed
Kishor Bhimji Patel was appointed as Director.
Ceased
Gaurav Gunvantrai Chauhan ceased to be Director.
Ceased
Vishal Manorrao Gorle ceased to be Additional Director.
Ceased
Sanjot Avinash Joharapurkar ceased to be Director.
Ceased
Sumer Jaikumar Kalamkar ceased to be Director.
25 earlier events are in the company report.
Frequently asked questions
Nice Papers is an active public limited company based in Nagpur, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 28 August 1991 (35+ years old) and is registered under CIN U21090MH1991PLC063114.
Nice Papers has 4 current directors:
- Rajesh Bhimji Patel - Managing Director
- Umesh Panchan Patel - Whole-Time Director
- Vishal Manorrao Gorle - Director
- Kishor Bhimji Patel - Director
The latest financial statements of Nice Papers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Nice Papers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Nice Papers is U21090MH1991PLC063114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nice Papers has 7 court cases on record: 4 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Nice Papers was incorporated on 28 August 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nice Papers by revenue are Gourang Paper Products Private Limited, Shiv Malhar Paper Bag Private Limited, Shristi Forms Private Limited, Chimanlals Private Limited, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Kishor Bhimji Patel ceased to be Additional Director on 29 Sep 2018. Kishor Bhimji Patel was appointed as Director on 25 Dec 2017. Gaurav Gunvantrai Chauhan ceased to be Director on 15 Dec 2017. Nice Papers has 15 board changes on record in total.
Yes, Nice Papers is registered as a small enterprise under Udyam registration (number: UDYAM-MH-20-0018193).
Nice Papers has 3 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 02 Sep 2020.
Nice Papers can be reached through the website nicepaperslimited.com. Its registered office is in Nagpur, Maharashtra, India.