About Nicomet Industries Limited
Data last updated:
Nicomet Industries Limited is a public limited company based in Mumbai, Maharashtra, 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 metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 April 1993.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH1993PLC071450. Its GSTIN is 30AAACN1597Q1Z5 (Goa). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24.75 Cr. It was formerly known as Metec Inyernational Private Limited and Nicomet Industries Private Limited. It is led by directors including Rajendra Prasad Agrawal (Managing Director) and Ankit Rajendra Agrawal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 155 Maker Chamber III Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2018, the company reported a revenue of ₹246.4 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹205.81 Cr (net margin -83.5%) and EBITDA of -₹58.79 Cr (EBITDA margin -23.9%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years.
The company has about 352 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nicomet Industries. As per MCA filings, the company has open charges of ₹416.25 Cr and satisfied charges of ₹57.4 Cr on record. Court records list 71 cases involving the company, including 21 filed by the company and 50 filed against it; 6 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in December 2021.
The last known website on record is nicomet.com.
Company details
Name history
Nicomet Industries has undergone 2 name changes throughout its history. The company was previously known as Metec Inyernational Private Limited, and Nicomet Industries Private Limited. The current legal name is Nicomet Industries Limited.
| Company Name | Status |
|---|---|
| Nicomet Industries Limited | Current |
| Metec Inyernational Private Limited | Previous |
| Nicomet Industries Private Limited | Previous |
CIN history
Nicomet Industries has one previous CIN (Corporate Identification Number): U27200MH1993PTC071450. The current CIN is U27200MH1993PLC071450, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27200MH1993PLC071450 | Current |
| U27200MH1993PTC071450 | Previous |
Contact details
Nicomet Industries Limited's registered office is in Mumbai, Maharashtra. Its website is nicomet.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address155 Maker Chamber III Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Nicomet Industries 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
Nicomet Industries operates one associated brand: Nicomet Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cobalt and nickel metals are manufactured by Nicomet Industries. | nicomet.com |
Business activity
The main business activity of Nicomet Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Nicomet Industries Limited, buy the company report.
Financials of Nicomet Industries Limited
FY 2018 filings availableNicomet Industries Limited reported revenue of ₹246.4 Cr (up 33% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 33% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 21% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹246.4 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹58.79 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹205.81 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -23.9% | |||
| Net Profit Margin | -83.5% | |||
| 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 Nicomet Industries Limited, buy the company report.
Board of directors and KMP of Nicomet Industries Limited
Nicomet Industries Limited currently reports 3 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Prasad Agrawal Also directs: Chambers Equity and Financial Company Limited | Managing Director | 05 Aug 2014 | 12 Years 2 Months | As last reported |
| Ankit Rajendra Agrawal Also directs: Chambers Equity and Financial Company Limited, Jaico Enterprise LLP, Cupro Tubes Enterprises Private Limited and 1 more | Whole-Time Director | 21 Jun 2012 | 14 Years 4 Months | As last reported |
| Atul Rajendra Agrawal Also directs: Chambers Equity and Financial Company Limited, Jaico Enterprise LLP, Cupro Tubes Enterprises Private Limited and 1 more | Director | 05 Aug 2014 | 12 Years 2 Months | As last reported |
| Kamal Nayan Ranchhorlal Chaturvedi | Cfo | 05 Aug 2014 | 12 Years 2 Months | As last reported |
Auditor
Nicomet Industries Limited is audited by B M CHATURVEDI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B M CHATURVEDI & CO | FY 2018 | 114317W |
Shareholding
The shareholding of Nicomet Industries Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Nicomet Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2016 | 100041974 | Others | ₹183.54 Cr | Open | |
| 07 Nov 2012 | 10389233 | Union Bank of India | ₹10 Cr | Open | |
| 19 Apr 2012 | 10354750 | Andhra Bank | ₹3 Cr | Open | |
| 19 Jan 2012 | 10465721 | Union Bank of India | ₹11.9 Cr | Open | |
| 11 Jan 2012 | 10377919 | Andhra Bank | ₹3 Cr | Open |
To see the full charge records of Nicomet Industries Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Nicomet Industries Limited has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in December 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Acquisition | Undisclosed | Buyer: Vedanta Limited |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Chambers Equity and Financial Company Limited , an individual Seller: Daudayal Agrawal HUF, 3 individuals |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Amar Ferro Metals Pvt Ltd , 3 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nicomet Industries Limited has 71 court cases on record: 21 filed by Nicomet Industries, 50 filed against it. 6 cases are pending and 65 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 37 | 33 | 5 |
| High courts | 25 | 9 | 1 |
| NCLAT | 5 | 5 | 0 |
| NCLT | 3 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Metalloys Recycling Ltd | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Trafigura India Pvt Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union Bank of India and Ors | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kothari Metals Limited | Disposed |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed against the company by M/S. Agarwal Chem Products (I) Pvt. Ltd. THR. Poa Anil R. Suroliya | Pending |
To see the full case history of Nicomet Industries 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
Nicomet Industries Limited was last rated by Icra on 29 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Apr 2021 |
To see the full credit ratings and regulatory alerts of Nicomet Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nicomet Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nicomet Industries Limited has a workforce of 352 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Nicomet Industries has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACN1597Q1Z5 | Goa | Active | 01 Jul 2017 |
| 30AAACN1597Q2Z4 | Goa | Active | 20 Apr 2020 |
| 30AAACN1597Q3Z3 | Goa | Active | 28 Jul 2021 |
To see the full GST registrations and return filing status of Nicomet Industries Limited, buy the company report.
Recent activity
Nicomet Industries Limited has 12 board changes on record since 2011: 4 appointments and 8 cessations. The latest: Saman Kausar ceased to be Company Secretary on 08 Aug 2019.
36 earlier events are in the company report.
Frequently asked questions
Nicomet Industries 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.
Nicomet Industries is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 April 1993 and is registered under CIN U27200MH1993PLC071450. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nicomet Industries has 4 current directors and KMP:
- Rajendra Prasad Agrawal - Managing Director
- Ankit Rajendra Agrawal - Whole-Time Director
- Atul Rajendra Agrawal - Director
- Kamal Nayan Ranchhorlal Chaturvedi - Cfo
The latest financial statements of Nicomet Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nicomet Industries is U27200MH1993PLC071450. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nicomet Industries has open charges of ₹416.25 Cr and satisfied charges of ₹57.4 Cr as per latest MCA filings.
Nicomet Industries has 71 court cases on record: 21 filed by the company and 50 filed against it. 6 are pending. Most are in the district courts.
Nicomet Industries was incorporated on 02 April 1993. It is registered with the Registrar of Companies, Mumbai.
Nicomet Industries has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in December 2021.
Saman Kausar ceased to be Company Secretary on 08 Aug 2019. Atul Rajendra Agrawal ceased to be Additional Director on 30 Sep 2014. Ankit Rajendra Agrawal ceased to be Director on 05 Aug 2014. Nicomet Industries has 12 board changes on record in total.
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