About Nifa Electronics Private Limited
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Nifa Electronics Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 25 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32109GJ1998PTC034165. Its GSTIN is 24AAACN6557G1ZH (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.42 Lakh. It is led by directors Nikhil Pankajbhai Shah (Managing Director) and Falguniben Nikhilbhai Shah.
Its last annual general meeting (AGM) was held on 18 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 16/1 Punitnagar Societysatelite Road, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2020, the company reported a revenue of ₹18.73 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹12.65 Lakh (net margin -67.5%) and EBITDA of -₹7.23 Lakh (EBITDA margin -38.6%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 23% over five years.
The company is associated with 1 brand: NIFA Electronics. As per MCA filings, the company has satisfied charges of ₹40 Lakh on record. Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nifaelectronics.com.
Company details
Contact details
Nifa Electronics Private Limited's registered office is in Ahmedabad, Gujarat. Its website is nifaelectronics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address16/1 Punitnagar Societysatelite Road, Ahmedabad, Gujarat, India – 380015
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Nifa Electronics 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
Brands
Nifa Electronics operates one associated brand: NIFA Electronics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power conditioning, management, and technical services in electronics. | nifaelectronics.com |
Business activity
The main business activity of Nifa Electronics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Nifa Electronics Private Limited, buy the company report.
Financials of Nifa Electronics Private Limited
FY 2020 filings availableNifa Electronics Private Limited reported revenue of ₹18.73 Lakh (down 55% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 55% fall in the latest year. EBITDA fell 969% 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 | ₹18.73 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.65 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -38.6% | ||||
| Net Profit Margin | -67.5% | ||||
| 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 Nifa Electronics Private Limited, buy the company report.
Board of directors of Nifa Electronics Private Limited
Nifa Electronics has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Pankajbhai Shah | Managing Director | 25 May 1998 | 28 Years 5 Months | Current |
| Falguniben Nikhilbhai Shah | Director | 25 May 1998 | 28 Years 5 Months | Current |
Auditor
Nifa Electronics Private Limited is audited by NAIMISH N SHAH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAIMISH N SHAH & CO | FY 2018 | 106829W |
Shareholding
The shareholding of Nifa Electronics Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nifa Electronics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2018 | 100165306 | Others | ₹30 Lakh | Satisfied | |
| 15 Mar 2018 | 100165369 | Others | ₹10 Lakh | Satisfied |
To see the full charge records of Nifa Electronics Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Nifa Electronics Private Limited has 9 court cases on record: 1 filed by Nifa Electronics, 8 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Criminal miscellaneous application | Filed by the company against Network Techlab India Private Limited,(1St Class,Andheri,Mumbai) | Pending |
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed against the company by M/S Progressive Powercon Pvt. Ltd. Through Kedar Jayant Ganoo | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd-Nitinkumar Baldevbhai Patel | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Progressive Powercon Pvt Ltd Through Kedar Jayant Ganu | Disposed |
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed against the company by an individual | Disposed |
To see the full case history of Nifa Electronics Private 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
No delayed payments to MSME suppliers are on our record for Nifa Electronics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nifa Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN6557G1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nifa Electronics Private Limited, buy the company report.
Recent activity
Nifa Electronics Private Limited has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Pankajkumar Natwarlal Shah ceased to be Additional Director on 21 Sep 2015.
Frequently asked questions
Nifa Electronics is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 25 May 1998 (28+ years old) and is registered under CIN U32109GJ1998PTC034165.
Nifa Electronics has 2 current directors:
- Nikhil Pankajbhai Shah - Managing Director
- Falguniben Nikhilbhai Shah - Director
The latest financial statements of Nifa Electronics on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 18 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Nifa Electronics is 24AAACN6557G1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Nifa Electronics is U32109GJ1998PTC034165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nifa Electronics has 9 court cases on record: 1 filed by the company and 8 filed against it. 2 are pending.
Nifa Electronics was incorporated on 25 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Pankajkumar Natwarlal Shah ceased to be Additional Director on 21 Sep 2015. Falguniben Nikhilbhai Shah was appointed as Director on 25 May 1998. Nikhil Pankajbhai Shah was appointed as Managing Director on 25 May 1998.
Nifa Electronics can be reached through the website nifaelectronics.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Nifa Electronics is at 161 Punitnagar Societysatelite Road, Ahmedabad, Gujarat, India – 380015.
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