Northern Projects Ltd

BSE: 508924
Northern Projects Ltd - financial services in Kolkata, West Bengal, India. Directors, charges & compliance details.
CIN L45400WB1983PLC035987 Incorporated 04 March 1983 ROC Kolkata HQ Kolkata, West Bengal, India
Merged Listed - BSE: 508924 Public Limited Company financial services
Data last updated
Revenue · FY 2019
₹1.01 Lakh
▼ 97% YoY
Net loss · FY 2019
₹31.49 Lakh
Latest filing
EBITDA · FY 2019
-₹30.04 Lakh
Latest filing
Authorised capital
₹2.25 Cr
Registered with MCA
Paid-up capital
₹2.21 Cr
Issued & subscribed
Satisfied charges
₹19.75 Cr
No open charges
Company age
43 yrs
Est. 1983
Directors on board
4
As per MCA filings

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. Its shares are listed on BSE: 508924.

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 24 cases involving the company, including 16 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 of Northern Projects Ltd
CIN L45400WB1983PLC035987
Registration Number 035987
Incorporation Date 04 March 1983
ROC Kolkata
Listing Status Listed (BSE: 508924)
Company Status Amalgamated
Date of Last AGM 30 August 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant

CIN History of Northern Projects Ltd

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.

CINStatus
L45400WB1983PLC035987Current
L99999WB1983PLC035987Previous
Key People
Prem Lata Agarwal Whole-Time Director Gopal Krishna Agarwal Director Vishwa Nath Agarwal Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    northernproj.co.in
  • Social Media
    Locked
  • Registered Address
    Trinityplaza' 3 Rdfloor 84/1A Topsiaroad(South), Kolkata, West Bengal, India – 700046
  • Industry
    Financial Services, NBFC, Investment & Credit NBFC
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Financials, compliance, directors, charges, ownership and filings for Northern Projects Ltd in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Northern Projects Ltd

Northern Projects operates one associated brand: Northern Projects. Each brand links to its own profile.

BrandDescriptionWebsite
Northern Projects
Financial lending services for vehicles and businesses in India.northernproj.co.in

Business Activity of Northern Projects Ltd

The main business activity of Northern Projects is financial and insurance service. In detail, this covers other financial activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
KFinancial and insurance ServiceK8Other financial activitiesLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Northern Projects Ltd FY 2021 filings available

Northern Projects Ltd reported revenue of ₹1.01 Lakh (down 97% YoY) for FY 2019.

Revenue · FY 2019
₹1.01 Lakh ▼ 97%
Net loss · FY 2019
₹31.49 Lakh
EBITDA · FY 2019
-₹30.04 Lakh

Compounded Annual Growth Rate (CAGR) of Northern Projects Ltd

Revenue CAGR growth
1 year
▼ 97%
3 years · compounded
▼ 71%
EBITDA CAGR growth
3 years · compounded
▼ 234%

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 of Northern Projects Ltd

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 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 of Northern Projects Ltd

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Northern Projects are in the company report.

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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.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Prem Lata Agarwal
Also directs: HSM Investments Ltd, Hindusthan Parsons Ltd.
Whole-Time Director31 Mar 201511 Years 6 MonthsAs last reported
Gopal Krishna Agarwal
Also directs: Hindusthan Udyog Ltd, Bharat Oil and Chemical Industries Ltd, Spaans Babcock India Ltd. and 2 more
Director09 Dec 198738 Years 10 MonthsAs last reported
Vishwa Nath Agarwal
Also directs: Hindusthan Udyog Ltd, Asutosh Enterprises Ltd, Bengal Steel Industries Ltd and 1 more
Director06 Dec 200421 Years 10 MonthsAs last reported
Bal Krishna Mawandia
Also directs: Hindusthan Udyog Ltd, Asutosh Enterprises Ltd, Bengal Steel Industries Ltd
Director29 Jun 20206 Years 3 MonthsAs last reported
View all directors

Peer Comparison of Northern Projects Ltd

Northern Projects Ltd is compared with the companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Index Vanijya Pvt Ltd₹1.09 Lakh (FY 2024)••••••••11.0%••••Kolkata, West Bengal, India
Track Fined Private Limited.₹1.08 Lakh (FY 2020)••••••••-2.0%••••Howrah, West Bengal, India
Rani Shelter . Ltd₹1.03 Lakh (FY 2024)••••••••542.0%••••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 Ltd this company₹1.01 Lakh (FY 2019)••••••••-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
Kasar Credit and Capital Private Limited₹1 Lakh (FY 2023)••••••••••••Delhi, India
G R N Finsec Private Limited₹99,000 (FY 2025)••••••••-66.0%••••Mumbai, Maharashtra, India
Akshay Fiscal Services Ltd₹99,000 (FY 2019)••••••••••••Kolkata, West Bengal, India

Peers are the five companies nearest above and the five nearest below Northern Projects by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Northern Projects Ltd

Northern Projects Ltd is audited by AMITAVA SARKAR & CO for the financial year 2019.

NameStatusAppointment DateCessation Date
AMITAVA SARKAR & COLockedLockedLocked
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Ownership and Shareholding of Northern Projects Ltd

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Charges & Borrowings of Northern Projects Ltd

Open charges
None
Satisfied charges
₹19.75 Cr
Breakdown by lending institutions
Uco Bank₹19.75 Cr
Latest charge details
DateLenderAmountStatus
27 Jan 2005Uco Bank₹16 CrSatisfied
26 Jun 2000Uco Bank₹3.75 CrSatisfied

Total charge records: 2 View all charges

Employees and EPFO Compliance at Northern Projects Ltd

Employment history and EPFO contributions of people linked to Northern Projects.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Northern Projects Ltd

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.

AGM
Northern Projects Ltd last Annual general meeting of members was held on 30 Aug 2021 as per latest MCA records.
Filing
Northern Projects Ltd has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Kolkata.
Charges
A charge registered on 27 Jan 2005 via Charge ID 90256558 with Uco Bank was fully satisfied on 26 Mar 2021.
Charges
A charge registered on 26 Jun 2000 via Charge ID 90253965 with Uco Bank was fully satisfied on 26 Mar 2021.
Ceased
Ranu Dey Talukdar ceased to be Company Secretary.
Appointed
Bal Krishna Mawandia was appointed as Director.
Ceased
Asim Kumar Ghosh ceased to be Director.
Appointed
Ranu Dey Talukdar was appointed as Company Secretary.
Appointed
Prem Lata Agarwal was appointed as Whole-Time Director.
Charges
A charge with Uco Bank amounted to Rs. 16.00 Cr with Charge ID 90256558 was registered on 27 Jan 2005.
Appointed
Vishwa Nath Agarwal was appointed as Director.
Charges
A charge with Uco Bank of Rs. 3.75 Cr registered on 26 Jun 2000 with Charge ID 90253965 was modified on 28 Aug 2002.

4 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Northern Projects Ltd

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MSME Payment Delays by Northern Projects Ltd

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Subsidiaries & Group Companies of Northern Projects Ltd

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GST Compliance of Northern Projects Ltd

Northern Projects has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
19AAACN8504D1ZNWest BengalActive01 Jul 2017
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MCA Filings & Documents of Northern Projects Ltd

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Frequently Asked Questions about Northern Projects Ltd

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. Listed on BSE: 508924. 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:

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.

Yes. Northern Projects is listed on BSE with code 508924.

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.

Northern Projects reported revenue of ₹1.01 Lakh for FY 2019 (down 97% YoY).

Northern Projects has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹2.21 Cr.

Northern Projects reported a net loss of ₹31.49 Lakh and EBITDA of -₹30.04 Lakh for FY 2019, as per its filed financial statements.

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