About Northern Projects Ltd
Data last updated:
Northern Projects Ltd was a public limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 04 March 1983.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN L45400WB1983PLC035987. Its GSTIN is 19AAACN8504D1ZN (West Bengal). The company held 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 08 Apr 2022 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹2.21 Cr. It was led by directors including Prem Lata Agarwal (Whole-Time Director) and Gopal Krishna Agarwal.
Its last annual general meeting (AGM) was held on 30 August 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Trinityplaza' 3 Rdfloor 84/1A Topsiaroad(South), Kolkata, West Bengal, India – 700046.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.01 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹31.49 Lakh and EBITDA of -₹30.04 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 71% over three years.
The company was associated with 1 brand: Northern Projects. As per MCA filings, the company had satisfied charges of ₹19.75 Cr on record. Court records list 29 cases involving the company, including 21 filed by the company and 8 filed against it; 1 case is pending.
The last known website on record is northernproj.co.in.
Company details
CIN history
Northern Projects has one previous CIN (Corporate Identification Number): L99999WB1983PLC035987. The current CIN is L45400WB1983PLC035987, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45400WB1983PLC035987 | Current |
| L99999WB1983PLC035987 | Previous |
Contact details
Northern Projects Ltd's registered office is in Kolkata, West Bengal. Its website is northernproj.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressTrinityplaza' 3 Rdfloor 84/1A Topsiaroad(South), Kolkata, West Bengal, India – 700046
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Northern Projects 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
Brands
Northern Projects operates one associated brand: Northern Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial lending services for vehicles and businesses in India. | northernproj.co.in |
Business activity
The main business activity of Northern Projects is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Northern Projects Ltd, buy the company report.
Financials of Northern Projects Ltd
FY 2021 filings availableNorthern Projects Ltd reported revenue of ₹1.01 Lakh (down 97% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 71% over three years, including a 97% 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 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 | ₹1.01 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹30.04 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹31.49 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Northern Projects Ltd, buy the company report.
Board of directors of Northern Projects Ltd
Northern Projects has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prem Lata Agarwal Also directs: HSM Investments Ltd, Hindusthan Parsons Ltd. | Whole-Time Director | 31 Mar 2015 | 11 Years 6 Months | As last reported |
| Gopal Krishna Agarwal Also directs: Hindusthan Udyog Ltd, Bharat Oil and Chemical Industries Ltd, Spaans Babcock India Ltd. and 2 more | Director | 09 Dec 1987 | 38 Years 10 Months | As last reported |
| Vishwa Nath Agarwal | Director | 06 Dec 2004 | 21 Years 10 Months | As last reported |
| Bal Krishna Mawandia | Director | 29 Jun 2020 | 6 Years 3 Months | As last reported |
Peer comparison
Northern Projects Ltd is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Index Vanijya Pvt Ltd | ₹1.09 Lakh (FY 2024) | 11.0% | Kolkata, West Bengal, India | |||
| Amity Finance Private Limited | ₹1.03 Lakh (FY 2025) | 33.0% | Uttar Pradesh, India | |||
| Nariman Fiscal Services Pvt Ltd | ₹1.01 Lakh (FY 2017) | -47.0% | Kolkata, West Bengal, India | |||
| Northern Projects Ltdthis company | ₹1.01 Lakh (FY 2019) | -₹31.49 Lakh | -97.0% | Kolkata, West Bengal, India | ||
| Lever Finvest Private Limited | ₹1.01 Lakh (FY 2025) | -20.0% | Delhi, India | |||
| Gupta Fincaps Private Limited | ₹1.01 Lakh (FY 2024) | 0.0% | Delhi, India | |||
| Akshay Fiscal Services Ltd | ₹99,000 (FY 2019) | Kolkata, West Bengal, India |
To see the full peer comparison of Northern Projects Ltd, buy the company report.
Auditor
Northern Projects Ltd is audited by AMITAVA SARKAR & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AMITAVA SARKAR & CO | FY 2019 | 328605E |
Shareholding
The shareholding of Northern Projects Ltd 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 Northern Projects Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2005 | 90256558 | Uco Bank | ₹16 Cr | Satisfied | |
| 26 Jun 2000 | 90253965 | Uco Bank | ₹3.75 Cr | Satisfied |
To see the full charge records of Northern Projects Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
Northern Projects Ltd has 29 court cases on record: 21 filed by Northern Projects, 8 filed against it. 1 case is pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 8 | 1 |
| NCLAT | 6 | 0 | 0 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against M/S Blue Coast Hotels and Resorts Ltd and Ors and 2 others | Disposed |
| Bombay High Court | Court case (MCA) | Filed by the company against Blue Coast Hotels and Resorts Ltd. and 8 Ors., | Disposed |
| Bombay High Court | Company petition | Filed by the company against Blue Coast Hotels and Resorts Ltd. and 8 Ors., | Disposed |
| Supreme Court | Court case (1703-Contempt Of Court Matters : Other civil contempt matters) | Filed by the company against Blue Coast Hotels & Resorts Ltd. . | Disposed |
| Bombay High Court | Court case (COAP) | Filed by the company against Blue Coast Hotels and Resorts Ltd. and 7 Ors., | Disposed |
To see the full case history of Northern Projects 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 Northern Projects Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Northern Projects has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACN8504D1ZN | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Northern Projects Ltd, buy the company report.
Recent activity
Northern Projects Ltd has 8 board changes on record since 1987: 6 appointments and 2 cessations. The latest: Ranu Dey Talukdar ceased to be Company Secretary on 28 Feb 2021.
4 earlier events are in the company report.
Frequently asked questions
Northern Projects has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Northern Projects was a public limited company based in Kolkata, West Bengal, India. The company worked in nbfc, within the financial services industry. It was incorporated on 04 March 1983 and is registered under CIN L45400WB1983PLC035987. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Northern Projects was incorporated on 04 March 1983. It is registered with the Registrar of Companies, Kolkata.
Northern Projects had 4 directors:
- Prem Lata Agarwal - Whole-Time Director
- Gopal Krishna Agarwal - Director
- Vishwa Nath Agarwal - Director
- Bal Krishna Mawandia - Director
The CIN (Corporate Identification Number) of Northern Projects is L45400WB1983PLC035987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Northern Projects is recorded as a listed company by MCA, but its shares were delisted from BSE on 08 Apr 2022 · merger, and no longer trade on a stock exchange.
The registered office of Northern Projects is at Trinityplaza 3 Rdfloor 841A TopsiaroadSouth, Kolkata, West Bengal, India – 700046.
Northern Projects can be reached through the website northernproj.co.in. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Northern Projects on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 August 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Northern Projects is 19AAACN8504D1ZN, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Northern Projects operated in the financial services industry, in the nbfc segment.