About Nik Nish Retail Ltd.
Data last updated:
Nik Nish Retail Ltd. is a public limited company based in Kolkata, West Bengal, India. It operates in the hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 08 March 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U01122WB1999PLC088923. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.16 Cr. It is led by directors including Eela Jain (Whole-Time Director) and Pawan Kumar Jain.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 11 Sir William Jones Sarani 1st Floor Flat No – 06, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2021, the company reported a revenue of ₹46.69 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹2.79 Lakh (net margin -6%) and EBITDA of -₹46.58 Lakh (EBITDA margin -99.8%). Revenue has grown at a compounded annual rate (CAGR) of 38% over five years.
As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹19.23 Cr on record. Court records list 21 cases involving the company, including 9 filed by the company and 12 filed against it; 2 cases are pending. The company has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.35 Cr; the latest was in March 2021.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website niknish.com.
Company details
CIN history
Nik Nish Retail has one previous CIN (Corporate Identification Number): U01122WB1999PTC088923. The current CIN is U01122WB1999PLC088923, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01122WB1999PLC088923 | Current |
| U01122WB1999PTC088923 | Previous |
Contact details
Nik Nish Retail Ltd.'s registered office is in Kolkata, West Bengal. Its website is niknish.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11 Sir William Jones Sarani 1st Floor Flat No – 06, Kolkata, West Bengal, India – 700071
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of Nik Nish Retail 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
Financials of Nik Nish Retail Ltd.
FY 2022 filings availableNik Nish Retail Ltd. reported revenue of ₹46.69 Lakh (down 91% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 91% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 38%. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹46.69 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹46.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.79 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -99.8% | ||||
| Net Profit Margin | -6% | ||||
| 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 Nik Nish Retail Ltd., buy the company report.
Board of directors of Nik Nish Retail Ltd.
Nik Nish Retail has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kumar Jain Also directs: Vishi Commercial Private Limited, Bansilal Leisure Parks Limited | Director | 30 Oct 2009 | 16 Years 11 Months | Current |
| Bharat Jain Also directs: Eco Orchards Private Limited, Akhilorchards Private Limited, Ratan Commercial Pvt Ltd and 5 more | Director | 19 May 2006 | 20 Years 5 Months | Current |
| Eela Jain Also directs: Eco Orchards Private Limited, Akhilorchards Private Limited, Ratan Commercial Pvt Ltd and 5 more | Whole-Time Director | 04 Jun 2001 | 25 Years 4 Months | Current |
Auditor
Nik Nish Retail Ltd. is audited by PUJA MASKARA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PUJA MASKARA & ASSOCIATES | FY 2021 | 327334E |
Shareholding
The shareholding of Nik Nish Retail Ltd. is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | 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 Nik Nish Retail Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2006 | 10027727 | Others | ₹35 Cr | Open | |
| 28 Mar 2008 | 10105389 | Union Bank of India | ₹15 Cr | Satisfied | |
| 26 Apr 2005 | 80018349 | The Honkong and Shanghai Banking Corporation Limited | ₹1.83 Cr | Satisfied | |
| 30 Nov 2004 | 80019023 | Syndicate Bank | ₹2 Cr | Satisfied | |
| 04 Dec 2003 | 80023560 | State Bank of Bikaner and Jaipur | ₹40 Lakh | Satisfied |
To see the full charge records of Nik Nish Retail Ltd., buy the company report.
Total charge records: 5 View all charges
Deals & funding
Nik Nish Retail Ltd. has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.35 Cr; the latest was in March 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Silverstone Securities Prvate Limited, 3 individuals |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ellisbridge Estates Pvt. Ltd. |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Ritu Finvest Pvt Ltd , 2 individuals Seller: Nidhi Agro Pvt. Ltd. , an individual |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: Yamini Agencies Pvt Ltd Seller: an individual |
| Jul 2007 | Funding round | ₹35 Lakh | Investors: Yamini Agencies Pvt Ltd , Super Commodities Pvt Ltd , Artline Finance Private Limited |
To see the full deal history of Nik Nish Retail Ltd., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nik Nish Retail Ltd. has 21 court cases on record: 9 filed by Nik Nish Retail, 12 filed against it. 2 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 9 | 1 |
| High courts | 9 | 2 | 1 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Axis Bank Limited | Pending |
| Supreme Court | Court case (1405-Criminal Matters : Matters relating to Prevention of Corruption Act) | Filed by the company against Vishi Commercial Pvt. Ltd. 14/2, Old China Bazar Street, First Floor, Room No. 54, ,Kolkata , West Bengal and 2 others | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Avani Towers Pvt.Ltd Rep by Amarnath Chowdhury | Disposed |
| High Court | Appeal | Filed by the company against In the Matter of :Avani Towers Private Ltd. | Disposed |
| High Court | Court case (APO) | Filed by the company against Avani Towers Private Limited | Disposed |
To see the full case history of Nik Nish Retail 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 Nik Nish Retail Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nik Nish Retail has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nik Nish Retail Ltd., buy the company report.
Recent activity
Nik Nish Retail Ltd. has 6 board changes on record since 2001: 3 appointments and 3 cessations. The latest: Paban Singh Ingty ceased to be Director on 30 Oct 2009.
7 earlier events are in the company report.
Frequently asked questions
Nik Nish Retail is an active public limited company based in Kolkata, West Bengal, India. The company works in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 08 March 1999 (27+ years old) and is registered under CIN U01122WB1999PLC088923.
Nik Nish Retail has 3 current directors:
- Eela Jain - Whole-Time Director
- Pawan Kumar Jain - Director
- Bharat Jain - Director
The latest financial statements of Nik Nish Retail on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Nik Nish Retail has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Nik Nish Retail is U01122WB1999PLC088923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nik Nish Retail has 21 court cases on record: 9 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Nik Nish Retail was incorporated on 08 March 1999, making it 27+ years old. It is registered with the Registrar of Companies, Kolkata.
Nik Nish Retail has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.35 Cr; the latest was in March 2021.
Paban Singh Ingty ceased to be Director on 30 Oct 2009. Pawan Kumar Jain was appointed as Director on 30 Oct 2009. Eela Jain ceased to be Director on 01 Apr 2008. Nik Nish Retail has 6 board changes on record in total.
Nik Nish Retail can be reached through the website niknish.com. Its registered office is in Kolkata, West Bengal, India.