Niket Exim Private Limited
About Niket Exim Private Limited
Data last updated:
Niket Exim Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Nisiddh Vision Private Limited. 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 watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 04 May 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2006PTC161610. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹22.5 Cr and a paid-up capital of ₹22 Cr. It was formerly known as Kbj Jewel Industry India Private Limited. It is led by directors Irtesh Mishra and Siddhant Bagla Rajendrakumar.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹12.69 Cr, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹4.87 Cr (net margin -38.4%) and EBITDA of -₹4.39 Cr (EBITDA margin -34.6%). Revenue has declined at a compounded annual rate (CAGR) of 73% over three years.
As per MCA filings, the company has open charges of ₹230 Cr and satisfied charges of ₹24.55 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
Company details
Contact details
Niket Exim Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No. 2A 1st Floor Jaihind Estate Building No.1 Dr. Atmaram Merchant Road Bhulesh, War, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Niket Exim 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
Financials of Niket Exim Private Limited
FY 2016 filings availableNiket Exim Private Limited reported revenue of ₹12.69 Cr (down 96% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over three years, including a 96% fall 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹12.69 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹4.39 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.87 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -34.6% | |
| Net Profit Margin | -38.4% | |
| 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 Niket Exim Private Limited, buy the company report.
Board of directors of Niket Exim Private Limited
Niket Exim has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Irtesh Mishra | Additional Director | 05 Jun 2016 | 10 Years 4 Months | As last reported |
| Siddhant Bagla Rajendrakumar | Additional Director | 27 May 2015 | 11 Years 5 Months | As last reported |
Auditor
Niket Exim Private Limited is audited by DIXIT DATTATRAY & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIXIT DATTATRAY & ASSOCIATES | FY 2016 | 102665W |
Shareholding
The shareholding of Niket Exim Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Niket Exim Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2013 | 10423911 | State Bank of India | ₹110 Cr | Open | |
| 05 Oct 2011 | 10318608 | Indian Overseas Bank | ₹65 Cr | Open | |
| 19 Mar 2011 | 10277723 | Union Bank of India | ₹15 Cr | Open | |
| 29 Sep 2009 | 10183001 | State Bank of India | ₹40 Cr | Open | |
| 06 Sep 2012 | 10378267 | State Bank of Bikaner and Jaipur | ₹3 Cr | Satisfied |
To see the full charge records of Niket Exim Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Niket Exim Private Limited has 5 court cases on record: 1 filed by Niket Exim, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against The Manager Kotak Mahindra Bank Ltd (Secured Creditor) and 9 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by State Bank of India Th.Mr. Deepak Rokade | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Punjab National Bank | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S Lalit and Surendra | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Indian Overseas Bank | Disposed |
To see the full case history of Niket Exim 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 Niket Exim Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Niket Exim has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Niket Exim Private Limited, buy the company report.
Recent activity
Niket Exim Private Limited has 7 board changes on record since 2009: 2 appointments and 5 cessations. The latest: Irtesh Mishra was appointed as Additional Director on 05 Jun 2016.
20 earlier events are in the company report.
Frequently asked questions
Niket Exim 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.
Niket Exim is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 04 May 2006 and is registered under CIN U36911MH2006PTC161610. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Niket Exim has 2 current directors:
- Irtesh Mishra - Additional Director
- Siddhant Bagla Rajendrakumar - Additional Director
The latest financial statements of Niket Exim on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Niket Exim is U36911MH2006PTC161610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Niket Exim has open charges of ₹230 Cr and satisfied charges of ₹24.55 Cr as per latest MCA filings.
Niket Exim has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Niket Exim was incorporated on 04 May 2006. It is registered with the Registrar of Companies, Mumbai.
Irtesh Mishra was appointed as Additional Director on 05 Jun 2016. Jitendra Gulshan Kapoor ceased to be Director on 05 Jun 2016. Mohit Bharatiya ceased to be Director on 27 May 2015. Niket Exim has 7 board changes on record in total.
The registered office of Niket Exim is at Flat No. 2A 1st Floor Jaihind Estate Building No.1 Dr. Atmaram Merchant Road Bhulesh, War, Mumbai, Maharashtra, India – 400002.
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