MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-GA-02-0000806
Nirvana Arts Private Limited - fashion and textile in Chicalim, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹12.01 Lakh
▼ 77% YoY
Net loss · FY 2022
₹19.23 Lakh
Net margin -160.1%
EBITDA · FY 2022
₹2.31 Lakh
EBITDA margin 19.2%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹5 Lakh
No open charges
Company age
26 yrs
Est. 2000
Employees · EPFO
4
Provident fund records
About Nirvana Arts Private Limited
Data last updated:
Nirvana Arts Private Limited is a private limited company based in Chicalim, Goa, India. It operates in the casual and branded wear segment of the fashion and textiles sector. It was incorporated on 25 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U36998GA2000PTC002795. Its GSTIN is 30AABCN8838R1ZW (Goa). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Raj Govind Bhandare (Whole-Time Director) and Sneha Raj Bhandare (Whole-Time Director).
Its last annual general meeting (AGM) was held on 15 May 2024, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 2nd Floor Diva Residency Airport Road, Chicalim, Goa, India – 403711.
As per the financials filed for FY 2022, the company reported a revenue of ₹12.01 Lakh, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹19.23 Lakh (net margin -160.1%) and EBITDA of ₹2.31 Lakh (EBITDA margin 19.2%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 47% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹5 Lakh on record. Court records list 14 cases involving the company, including 11 filed by the company and 3 filed against it; 2 cases are pending.
Nirvana Arts Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-02-0000806). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nirvanashirts.com.
Company details
CIN U36998GA2000PTC002795
Registration Number 002795
Incorporation Date 25 January 2000
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 May 2024
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GA-02-0000806
Recognitions & Rankings of Nirvana Arts
Contact details
Nirvana Arts Private Limited's registered office is in Chicalim, Goa. Its website is nirvanashirts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Diva Residency Airport Road, Chicalim, Goa, India – 403711
- IndustryFashion and Textile, Casual & Branded Wear
To see the full contact details of Nirvana Arts Private Limited, buy the company report.
Comprehensive company report
Nirvana Arts Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Nirvana Arts 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 Nirvana Arts Private Limited, buy the company report.
Financials of Nirvana Arts Private Limited
FY 2022 filings availableNirvana Arts Private Limited reported revenue of ₹12.01 Lakh (down 77% YoY) for FY 2022.
Revenue · FY 2022
₹12.01 Lakh ▼ 77%
Net loss · FY 2022
₹19.23 Lakh margin -160.1%
EBITDA · FY 2022
₹2.31 Lakh margin 19.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 77%
3 years · compounded
▼ 69%
5 years · compounded
▼ 47%
EBITDA CAGR growth
1 year
▼ 84%
3 years · compounded
▼ 61%
5 years · compounded
▼ 34%
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 77% fall in the latest year. EBITDA fell 84% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹2.31 Lakh | ||||
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| Net Profit (PAT) | -₹19.23 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 19.2% | ||||
| Net Profit Margin | -160.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nirvana Arts Private Limited, buy the company report.
Board of directors of Nirvana Arts Private Limited
Nirvana Arts has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Govind Bhandare Also directs: Soham Foods Private Limited | Whole-Time Director | 25 Jan 2000 | 26 Years 8 Months | Current |
| Sneha Raj Bhandare Also directs: Soham Foods Private Limited | Whole-Time Director | 25 Jan 2000 | 26 Years 8 Months | Current |
Auditor
Nirvana Arts Private Limited is audited by GAUNEKAR PAI & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAUNEKAR PAI & ASSOCIATES | FY 2018 | 114664W |
Shareholding
The shareholding of Nirvana Arts Private 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 Nirvana Arts Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹5 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2004 | 90077586 | The United Western Bank Ltd. | ₹5 Lakh | Satisfied |
To see the full charge records of Nirvana Arts Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Nirvana Arts Private Limited has 14 court cases on record: 11 filed by Nirvana Arts, 3 filed against it. 2 cases are pending and 12 are disposed.
Total cases
14
Filed by the company
11
Filed against the company
3
Pending
2
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 3 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by John Distilleries Pvt Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd | Disposed |
| District court, North Goa, Goa | Court case (LC) | Filed against the company by Employees State Insurance Corporation | Pending |
| District court, South Goa, Goa | Original application | Filed by the company against an individual | Disposed |
| District court, South Goa, Goa | Court case (IPC) | Filed by the company against an individual | Disposed |
To see the full case history of Nirvana Arts 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 Nirvana Arts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nirvana Arts Private Limited has a workforce of 4 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
Employee growth
-69.23%
GST
Nirvana Arts has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCN8838R1ZW | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirvana Arts Private Limited, buy the company report.
Recent activity
Nirvana Arts Private Limited has 5 board changes on record since 2000: 2 appointments and 3 cessations. The latest: Sampriya Raj Bhandare ceased to be Director on 01 Sep 2017.
AGM
Nirvana Arts Private Limited last Annual general meeting of members was held on 15 May 2024 as per latest MCA records.
Filing
Nirvana Arts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Goa.
Ceased
Sampriya Raj Bhandare ceased to be Director.
Ceased
Raj Govind Bhandare ceased to be Director.
Ceased
Sneha Raj Bhandare ceased to be Director.
Charges
A charge registered on 19 Mar 2004 via Charge ID 90077586 with The United Western Bank Ltd. was fully satisfied on 08 Mar 2014.
Charges
A charge with The United Western Bank Ltd. amounted to Rs. 5.00 Lakh with Charge ID 90077586 was registered on 19 Mar 2004.
Appointed
Raj Govind Bhandare was appointed as Whole-Time Director.
Appointed
Sneha Raj Bhandare was appointed as Whole-Time Director.
Incorporation
25 Jan 2000
Nirvana Arts Private Limited was registered on 25 Jan 2000 with Roc Goa & aged 26 years 9 months as per MCA records.
Frequently asked questions
Nirvana Arts is an active private limited company based in Chicalim, Goa, India. The company works in casual and branded wear, within the fashion and textile industry. It was incorporated on 25 January 2000 (26+ years old) and is registered under CIN U36998GA2000PTC002795.
Nirvana Arts has 2 current directors:
- Raj Govind Bhandare - Whole-Time Director
- Sneha Raj Bhandare - Whole-Time Director
The latest financial statements of Nirvana Arts on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 15 May 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Nirvana Arts is 30AABCN8838R1ZW, registered in Goa. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Nirvana Arts is U36998GA2000PTC002795. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirvana Arts has 14 court cases on record: 11 filed by the company and 3 filed against it. 2 are pending.
Nirvana Arts was incorporated on 25 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Goa.
Sampriya Raj Bhandare ceased to be Director on 01 Sep 2017. Raj Govind Bhandare ceased to be Director on 01 Apr 2015. Sneha Raj Bhandare ceased to be Director on 01 Apr 2015. Nirvana Arts has 5 board changes on record in total.
Yes, Nirvana Arts is registered as a micro enterprise under Udyam registration (number: UDYAM-GA-02-0000806).
Nirvana Arts can be reached through the website nirvanashirts.com. Its registered office is in Chicalim, Goa, India.