Nice Synthetics Private Limited
About Nice Synthetics Private Limited
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Nice Synthetics Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 05 June 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1989PTC012321. Its GSTIN is 24AAACN9076E1ZH (Gujarat).
The company has an authorised share capital of ₹13 Lakh and a paid-up capital of ₹13 Lakh. It is led by directors Abdulqadir Taiyebbhai Kalimee and Bhasker Champaklal Parikh.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 311 Helios Nr. Galaxy Circle Green City Road Pal Surat, Gujarat, India – 394510.
As per the financials filed for FY 2021, the company reported a revenue of ₹39.81 Lakh, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹33.11 Lakh (net margin 83.2%) and EBITDA of ₹33.19 Lakh (EBITDA margin 83.4%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 21% over five years.
As per MCA filings, the company has satisfied charges of ₹1.1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nice Synthetics Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address311 Helios Nr. Galaxy Circle Green City Road Pal Surat, Gujarat, India – 394510
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Nice Synthetics 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 Nice Synthetics is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Nice Synthetics Private Limited, buy the company report.
Financials of Nice Synthetics Private Limited
FY 2021 filings availableNice Synthetics Private Limited reported revenue of ₹39.81 Lakh (down 31% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 31% fall in the latest year. EBITDA rose 523% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹33.19 Lakh | ||||
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| Net Profit (PAT) | ₹33.11 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | 83.4% | ||||
| Net Profit Margin | 83.2% | ||||
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To see the full financial statements and ratios of Nice Synthetics Private Limited, buy the company report.
Board of directors of Nice Synthetics Private Limited
Nice Synthetics has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdulqadir Taiyebbhai Kalimee | Director | 05 Jun 1989 | 37 Years 5 Months | Current |
| Bhasker Champaklal Parikh | Director | 05 Jun 1989 | 37 Years 5 Months | Current |
Auditor
Nice Synthetics Private Limited is audited by H I JHAVERI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H I JHAVERI & CO | FY 2020 | 104234W |
Shareholding
The shareholding of Nice Synthetics Private Limited is on record for 4 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 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nice Synthetics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 1995 | 90100393 | Canara Bank | ₹5 Lakh | Satisfied | |
| 16 Feb 1994 | 90100308 | Canara Bank | ₹5 Lakh | Satisfied | |
| 06 Aug 1992 | 90097628 | Canara Bank | ₹10 Lakh | Satisfied | |
| 31 Jul 1992 | 90102582 | Canara Bank | ₹45.02 Lakh | Satisfied | |
| 06 Mar 1992 | 90097575 | Canara Bank | ₹45.02 Lakh | Satisfied |
To see the full charge records of Nice Synthetics Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Nice Synthetics Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nice Synthetics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nice Synthetics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN9076E1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nice Synthetics Private Limited, buy the company report.
Recent activity
Nice Synthetics Private Limited has 4 board changes on record since 1989: 2 appointments and 2 cessations. The latest: Ishwerbhai Gandabhai Patel ceased to be Director on 16 Apr 2023.
6 earlier events are in the company report.
Frequently asked questions
Nice Synthetics is an active private limited company based in Surat, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 05 June 1989 (37+ years old) and is registered under CIN U17119GJ1989PTC012321.
Nice Synthetics has 2 current directors:
- Abdulqadir Taiyebbhai Kalimee - Director
- Bhasker Champaklal Parikh - Director
The latest financial statements of Nice Synthetics on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Nice Synthetics is 24AAACN9076E1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Nice Synthetics is U17119GJ1989PTC012321. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nice Synthetics was incorporated on 05 June 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ishwerbhai Gandabhai Patel ceased to be Director on 16 Apr 2023. Natvarlal Savaliya Parsotambhai ceased to be Director on 24 Aug 2018. Abdulqadir Taiyebbhai Kalimee was appointed as Director on 05 Jun 1989. Nice Synthetics has 4 board changes on record in total.
The registered office of Nice Synthetics is at 311 Helios Nr. Galaxy Circle Green City Road Pal Surat, Gujarat, India – 394510.
Nice Synthetics operates in the home and lifestyle industry, in the textile retail and distribution segment.
Nice Synthetics has no open charges and satisfied charges of ₹1.1 Cr as per latest MCA filings.
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