ncl holdings Limited

NCL HOLDINGS (A&S) LIMITED UNLISTED SHARE

NCL HOLDINGS (A&S) LIMITED was established to acquire all non-building materials of NCL Alltek and Seccolor under the approved NCLT (National Company Law Tribunal) scheme. The building materials were transferred to NCL Buildtek. The company's current objective is to make and hold investments in corporate and noncorporate companies engaged in manufacturing, marketing, and services.

NCL is the sole licensee in India for ICP plasters. Their products include cement, spray plasters, renewable energy, prefabricated structures, as well as color-coated steel profiles for doors and windows.

At the second annual general meeting of shareholders, members approved changes to the "object" clause of the Memorandum of Association (MOA) by adding activities such as real estate development and consulting services. However, in FY 2019-20, the company has not carried out any activity to reflect its new objectives.

INCORPORATION DETAILS 

 Principal Business Activities of the Company

 BOARD OF DIRECTORS

Ashven Datla (Director)

Ambujodar Reddy Kanala (Director)

Bimal V Goradia (Executive Director)

Madhu Kalidindi (Managing Director)

PARTICULARS OF SUBSIDIARY COMPANIES

 NCL HOLDINGS (A&S) LIMITED UNLISTED SHARE DETAILS

SHAREHOLDING PATTERN

(As on 31-03-2020)

PROFIT & LOSS STATEMENT OF NCL HOLDINGS (A&S) LIMITED                    (In Rs. Lakhs)

 BALANCE SHEET OF NCL HOLDINGS (A&S) LIMITED (In Rs. Lakhs)

 DIVIDEND HISTORY

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 45.33% from Rs. 1,559.25 lakhs in FY 2019 to Rs. 2,266.04 lakhs in FY 2020.

EBITDA of the company turned from a loss of Rs. 75.78 lakhs in FY 2019 to a profit of Rs. 104.19 lakhs in FY 2020.

The company has turned the Net loss of Rs. 71.12 lakhs in FY 2019 to a net profit of Rs. 442.39 lakhs in FY 2020.

The current Ratio of the company as of 31st March 2020 was 1.24.

The debt to equity ratio of the company as of 31st March 2020 was 0.40.

Of all the four Subsidiaries, Kakatiya Industries has contributed the most to the profits of the NCL Holdings Limited, followed by NCL Green habitat. As against, Sun Crop Sciences has booked the loss this year.

A Proposal for the merger of NCL Green Habitats Pvt Limited and Eastern Ghat Renewable Energy Limited (Subsidiaries) with NCL HOLDING LIMITED is under active consideration. In implementing the merger, the company is expected to benefit from lower compliance costs, economies of scale, non-operating activities, and improved financial leverage. The necessary approvals from shareholders and creditors will be obtained in due course.

The company has acquired the office space on the fourth floor of NCL Pearl, which is an existing registered office building, proposed to be utilized for new corporate and registered offices. Covid-19 has no direct impact on the company. However, the operations and business plans of the subsidiaries may slow down in FY 2020-2021.