NAGOORAR ENTERPRISES PRIVATE LIMITED

Registered Office: ‘TCP Sapthagiri Bhavan’ New No. 4, Old No. 10, Karpagambal Nagar, Mylapore, Chennai - 600 004, Tamil Nadu, India.

Phone: 24991518, 24991289 Email- chem@tcpindia.com

CIN: U24110TN2007PTC065076

GSTIN: 33AACCN6083H1ZH

----------------------------------------------------------------------------



PROFILE

Incorporation Registered Office and Share Capital:

Nagoorar Enterprises Private Limited was incorporated on 16th October, 2007 as a Private Limited Company and is having its Registered office at New No. 4, Old No.10, Karpagambal Nagar, Mylapore, Chennai - 600 004. The Company is a ‘Small Company’ in accordance with the provisions of section 2(85) of the Companies Act, 2013. The Paid-up Share Capital of the Company is Rs.1 lakh.

Directors:

Shri. Naina Mohamed Shahul Hameed – DIN: 01791139

Shri. Varatharajan Sivaraman – DIN: 01819133

Business:

On 6th November 2007, the company took possession of the Fixed Assets of Kamar Chemical & Industries Ltd., which it had acquired by the auction sale, conducted by the SIPCOT. The company has perfected title to the fixed assets. The manufacturing unit that was acquired was engaged in the manufacture and sale of Sulphuric Acid and Alum. The manufacturing unit is located at No.56A, SIPCOT Industrial Complex, Ranipet – 632403, Tamil Nadu.

Operational performance

Production & Purchase

Sulphuric Acid & Alum

The Plant operations have remained suspended from 5th September 2009 as it has become difficult to buy Sulphur, the main raw material, due to steep increase in price. Besides, due to stiff competition in the market, the products are not fetching remunerative selling price. As a result, at present, there was no production taking place in the Company.

Sales

Sulphuric Acid & Alum

During the financial year 2017-18 sales were made for 8.27 MT of Sulphuric Acid, 0.310 MT of Ferric Alum and 2.49 MT of Non- Ferric Alum aggregating to Rs.8,207/. These were sold from the closing stock held by the Company.

Financial results for the last three financial years:

Particulars

2017-2018

2016-2017

2015-2016


Rs.

Rs.

Rs.

Revenue from operations

19,289

1,27,380

70,228

Other Income

10,388

97040

2,32,705

Total Income

29,677

2,24,420

3,02,933

Profit / (loss)

(42,14,706)

(45,19,471)

(45,13,738)

Paid up capital

1,00,000

1,00,000

1,00,000

Reserves & surplus

(4,01,60,125)

(3,59,45,419)

(3,14,25,948)



From 1st April 2018, the Company has let out a portion of its premises for rent and is deriving rental income which is used to offset the expenditure of the Company. From the financial year 2018-19 onwards the Company will earn marginal profit.

FUTURE PLANS

The adverse market conditions, due to which the plant operations had to be suspended, has not yet become favourable. The Company is exploring the possibilities of reviving the business or foraying into new ventures to sustain in the business.