Novex Private Limited
About Novex Private Limited
Data last updated:
Novex Private Limited was a private limited company based in Delhi, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the facility management segment of the business services sector. It was incorporated on 11 February 1960.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1960PTC003190. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹20 Lakh and a paid-up capital of ₹12 Lakh. It was led by directors Yadav Nath Bhargava (Managing Director) and Gaurav Bhargava (Whole-Time Director).
Its last annual general meeting (AGM) was held on 10 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Plot 2 Behind Gpo Kashmere Gate, Delhi, India – 110006.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.47 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹65.13 Lakh (net margin -26.4%) and EBITDA of -₹51.77 Lakh (EBITDA margin -21%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years.
The company had about 41 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹1.03 Cr on record. Court records list 27 cases involving the company, including 2 filed by the company and 25 filed against it.
Company details
Contact details
Novex Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot 2 Behind Gpo Kashmere Gate, Delhi, India – 110006
- IndustryBusiness Services, Facility Management
To see the full contact details of Novex 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
Business activity
The main business activity of Novex is personal and household service. In detail, this covers washing and cleaning of textile and fur products, hair dressing and other beauty treatment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S3 | Washing and cleaning of textile and fur products, Hair dressing and other beauty treatment |
To see the full business activity and turnover split of Novex Private Limited, buy the company report.
Financials of Novex Private Limited
FY 2018 filings availableNovex Private Limited reported revenue of ₹2.47 Cr (down 28% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over three years, including a 28% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.47 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹51.77 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹65.13 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -21% | |||
| Net Profit Margin | -26.4% | |||
| 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 Novex Private Limited, buy the company report.
Board of directors of Novex Private Limited
Novex has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Bhargava | Whole-Time Director | 23 Aug 2004 | 22 Years 2 Months | As last reported |
| Yadav Nath Bhargava | Managing Director | 23 Aug 2004 | 22 Years 2 Months | As last reported |
Auditor
Novex Private Limited is audited by P N KHANNA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P N KHANNA & CO | FY 2018 | 002252N |
Shareholding
The shareholding of Novex Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Novex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2008 | 10102483 | Punjab National Bank | ₹35 Lakh | Satisfied | |
| 16 Nov 2006 | 10029679 | Punjab National Bank | ₹60 Lakh | Satisfied | |
| 04 May 1995 | 90369120 | Canara Bank | ₹6.25 Lakh | Satisfied | |
| 20 Mar 1990 | 90369027 | Syndicate Bank | ₹95,000 | Satisfied | |
| 07 Feb 1989 | 90369006 | Syndicate Bank | ₹55,000 | Satisfied |
To see the full charge records of Novex Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Novex Private Limited has 27 court cases on record: 2 filed by Novex, 25 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 22 | 0 |
| High courts | 4 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Court case (LC) | Filed against the company by an individual | Disposed |
| District court, Central, Delhi | Court case (LC) | Filed against the company by an individual | Disposed |
| District court, Central, Delhi | Court case (LC) | Filed against the company by an individual | Disposed |
| District court, Central, Delhi | Court case (LC) | Filed against the company by an individual | Disposed |
| District court, Central, Delhi | Court case (LC) | Filed against the company by an individual | Disposed |
To see the full case history of Novex 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 Novex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novex Private Limited has a workforce of 41 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Novex has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Novex Private Limited, buy the company report.
Recent activity
Novex Private Limited has 6 board changes on record since 2004: 2 appointments and 4 cessations. The latest: Mamta Bhargava ceased to be Additional Director on 23 Sep 2016.
8 earlier events are in the company report.
Frequently asked questions
Novex has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Novex was a private limited company based in Delhi, India. The company worked in facility management, within the business services industry. It was incorporated on 11 February 1960 and is registered under CIN U74899DL1960PTC003190. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Novex was incorporated on 11 February 1960. It is registered with the Registrar of Companies, Delhi.
Novex had 2 directors:
- Yadav Nath Bhargava - Managing Director
- Gaurav Bhargava - Whole-Time Director
The CIN (Corporate Identification Number) of Novex is U74899DL1960PTC003190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Novex is at Plot 2 Behind Gpo Kashmere Gate, Delhi, India – 110006.
The latest financial statements of Novex on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 10 September 2018. Year-wise statements from 2015 are in the company report.
No. Novex has 2 GST registrations on record and all of them are cancelled or inactive.
Novex operated in the business services industry, in the facility management segment.
Novex has 27 court cases on record: 2 filed by the company and 25 filed against it. Most are in the district courts.
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