About Nippon Alloy Limited
Data last updated:
Nippon Alloy Limited is a public limited company based in Kolkata, West Bengal, 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 metals retail and distribution segment of the metals and mining sector. It was incorporated on 03 July 1996.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27109WB1996PLC080314. Its GSTIN is 37AABCN1555D1ZR (Andhra Pradesh). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹9.26 Cr. It was formerly known as Narayani Ispat Limited and Narayani Ispat Pvt Ltd. It is led by directors Sunil Choudhary and Swarnalath Mandaleeka.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 23A N.S.Road 7th Floor Room – 31, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2019, the company reported a revenue of ₹363.46 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹5.56 Cr (net margin -1.5%) and EBITDA of ₹3.62 Cr (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
As per MCA filings, the company has open charges of ₹351.5 Cr and satisfied charges of ₹59.9 Cr on record. Court records list 80 cases involving the company, including 67 filed by the company and 13 filed against it; 7 cases are pending.
The last known website on record is narayaniispat.com.
Company details
Name history
Nippon Alloy has undergone 2 name changes throughout its history. The company was previously known as Narayani Ispat Limited, and Narayani Ispat Pvt Ltd. The current legal name is Nippon Alloy Limited.
| Company Name | Status |
|---|---|
| Nippon Alloy Limited | Current |
| Narayani Ispat Limited | Previous |
| Narayani Ispat Pvt Ltd | Previous |
CIN history
Nippon Alloy has one previous CIN (Corporate Identification Number): U27109WB1996PTC080314. The current CIN is U27109WB1996PLC080314, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109WB1996PLC080314 | Current |
| U27109WB1996PTC080314 | Previous |
Contact details
Nippon Alloy Limited's registered office is in Kolkata, West Bengal. Its website is narayaniispat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address23A N.S.Road 7th Floor Room – 31, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Nippon Alloy 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 Nippon Alloy 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 Nippon Alloy Limited, buy the company report.
Financials of Nippon Alloy Limited
FY 2019 filings availableNippon Alloy Limited reported revenue of ₹363.46 Cr (down 40% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 40% fall in the latest year. EBITDA fell 74% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹363.46 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.56 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | -1.5% | ||||
| 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 Nippon Alloy Limited, buy the company report.
Board of directors and KMP of Nippon Alloy Limited
Nippon Alloy Limited currently reports 2 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Choudhary Also directs: Cooltex Merchandise Pvt Ltd, Hari Equipments Pvt Ltd | Director | 01 Feb 2016 | 10 Years 8 Months | As last reported |
| Swarnalath Mandaleeka | Director | 27 Mar 2019 | 7 Years 6 Months | As last reported |
| Bivor Bagaria Also directs: Cooltex Merchandise Pvt Ltd, Hari Equipments Pvt Ltd, Kedarnath Commotrade Private Limited and 1 more | Cfo | 30 Mar 2019 | 7 Years 6 Months | As last reported |
Peer comparison
Nippon Alloy Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Shakti Iron & Alloys Private Limited | ₹367.61 Cr (FY 2025) | -42.0% | Raipur, Chhattisgarh, India | |||
| Nippon Alloy Limitedthis company | ₹363.46 Cr (FY 2019) | -₹5.56 Cr | -1.5% | -40.0% | Kolkata, West Bengal, India | |
| Trump Impex Private Limited | ₹361.32 Cr (FY 2017) | 61.0% | Mumbai, Maharashtra, India | |||
| Agrasen Ispat Private Limited | ₹356.72 Cr (FY 2025) | 55.0% | Raipur, Chhattisgarh, India | |||
| Good Luck Capital Private Limited | ₹356.58 Cr (FY 2025) | 3.0% | Delhi, India | |||
| Jayesh Stainless Private Limited | ₹354.22 Cr (FY 2024) | 0.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Nippon Alloy Limited, buy the company report.
Auditor
Nippon Alloy Limited is audited by S A P D & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A P D & ASSOCIATES | FY 2019 | 327271E |
Shareholding
The shareholding of Nippon Alloy Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nippon Alloy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2019 | 100264574 | The South Indian Bank Limited | ₹12 Cr | Open | |
| 22 Mar 2018 | 100175015 | State Bank of India | ₹25 Cr | Open | |
| 17 Jan 2014 | 10480239 | Indian Overseas Bank | ₹30 Cr | Open | |
| 25 Mar 2013 | 10423955 | Andhra Bank | ₹10 Cr | Open | |
| 22 Jan 2011 | 10274107 | State Bank of India | ₹89.5 Cr | Open |
To see the full charge records of Nippon Alloy Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Nippon Alloy Limited has 80 court cases on record: 67 filed by Nippon Alloy, 13 filed against it. 7 cases are pending and 73 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 66 | 5 | 7 |
| High courts | 12 | 7 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (CR.MA) | Filed by the company against Tata Capital Financial Services Ltd. Thro Shekhar Shah and 1 other | Disposed |
| High Court, ANDHRAPRADESH | Court case (CRLP) | Filed against the company by M/S Uma Iron and Steels Pvt Ltd., and 2 others | Disposed |
| NCLT, Amravati | Insolvency matter | Filed by the company against Ashlar Building Solutions India Private Limited | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Ply Com Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Vinir Engineering Pvt Ltd. and 3 others | Disposed |
To see the full case history of Nippon Alloy 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 Nippon Alloy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nippon Alloy has 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
GST
Nippon Alloy has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCN1555D1ZR | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nippon Alloy Limited, buy the company report.
Recent activity
Nippon Alloy Limited has 14 board changes on record since 2012: 3 appointments and 11 cessations. The latest: Swarnalath Mandaleeka ceased to be Additional Director on 30 Sep 2019.
23 earlier events are in the company report.
Frequently asked questions
Nippon Alloy 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.
Nippon Alloy is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 03 July 1996 and is registered under CIN U27109WB1996PLC080314. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nippon Alloy has 3 current directors and KMP:
- Sunil Choudhary - Director
- Swarnalath Mandaleeka - Director
- Bivor Bagaria - Cfo
The latest financial statements of Nippon Alloy on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nippon Alloy is U27109WB1996PLC080314. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nippon Alloy has open charges of ₹351.5 Cr and satisfied charges of ₹59.9 Cr as per latest MCA filings.
Nippon Alloy has 80 court cases on record: 67 filed by the company and 13 filed against it. 7 are pending. Most are in the district courts.
Nippon Alloy was incorporated on 03 July 1996. It is registered with the Registrar of Companies, Kolkata.
The peers of Nippon Alloy by revenue are Shree Shakti Iron & Alloys Private Limited, Trump Impex Private Limited, Agrasen Ispat Private Limited, Good Luck Capital Private Limited, Jayesh Stainless Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Swarnalath Mandaleeka ceased to be Additional Director on 30 Sep 2019. Gautam Dugar ceased to be Additional Director on 08 Jul 2019. Bivor Bagaria was appointed as CFO on 30 Mar 2019. Nippon Alloy has 14 board changes on record in total.
Nippon Alloy can be reached through the website narayaniispat.com. Its registered office is in Kolkata, West Bengal, India.