Narsim Bags Private Limited

Manufacturer of polypropylene packaging products, including jumbo bags, woven bags, and tarpaulin sheets.

1988 | Dhar, Madhya Pradesh (India) | Active
Last Updated: December 06, 2024

Narsim Bags Profile

Key Indicators

  • Authorised Capital ₹ 4.00 M
  • Paid Up Capital ₹ 2.90 M
  • Company Age 36 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 8.04 Cr
  • Satisfied Charges ₹ 4.10 Cr
  • Revenue Growth 24.39%
  • Profit Growth 83.33%
  • Ebitda 12.83%
  • Net Worth 13.61%
  • Total Assets 4.89%

About Narsim Bags

Narsim Bags Private Limited (NBPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 September 1988 and has a history of 36 years and five months. Its registered office is in Dhar, Madhya Pradesh, India.

The Corporate was formerly known as Nahar Metals Industries Pvt Ltd. The Company is engaged in the Packaging Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 4.00 M and a paid-up capital of Rs 2.90 M.

The company currently has active open charges totaling ₹8.04 Cr. The company has closed loans amounting to ₹4.10 Cr, as per Ministry of Corporate Affairs (MCA) records.

Jaya Varma and Nandkishore Verma serve as directors at the Company.

Company Details

  • Location

    Dhar, Madhya Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    narsimbags.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U25200MP1988PTC004748

  • Company No.

    004748

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Sep 1988

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Gwalior

Industry

Packaging

What products or services does Narsim Bags Private Limited offer?

Narsim Bags Private Limited offers a wide range of products and services, including Agricultural Bags, Fertilizer Bag, Bulk Bags & Sacks, Gunny Bags, Industrial Fabrics and Textiles, Industrial Fabric, Polypropylene Woven Fabric, PP Woven Roll, Jumbo Bags, Polypropylene Bulk Bags.

Who are the key members and board of directors at Narsim Bags?

Board Members (2)

NameDesignationAppointment DateStatus
Jaya Varma Country flag representing In Director 20-Sep-2024Current
Nandkishore Verma Country flag representing In Director 06-Jan-2014Current

Financial Performance of Narsim Bags.

Narsim Bags Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 24.39% increase. The company also saw a substantial improvement in profitability, with a 83.33% increase in profit. The company's net worth Soared by an impressive increase of 13.61%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
24.39%
Revenue from Operations
24.93%
Total Assets
4.89%
Profit or Loss
83.33%
Net Worth
13.61%
EBITDA
12.83%

What is the Ownership and Shareholding Structure of Narsim Bags?

In 2023, Narsim Bags had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹80.38 M

Satisfied Charges

₹41.00 M

Charges Breakdown by Lending Institutions

  • Others : 7.86 Cr
  • Punjab & Sind Bank : 0.14 Cr
  • Punjab National Bank : 0.04 Cr

Latest Charge Details

DateLenderAmountStatus
27 Mar 2023Others₹8.40 MOpen
13 Aug 2018Others₹3.22 CrOpen
17 Mar 2015Punjab National Bank₹0.38 MOpen
24 Dec 2014Others₹3.80 CrOpen
07 Sep 1998Punjab & Sind Bank₹1.40 MOpen

How Many Employees Work at Narsim Bags?

Narsim Bags has a workforce of 9 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Narsim Bags, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Narsim Bags's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Narsim Bags

Recent activity within the organization

  • Director Appointment

    Jaya Varma was appointed as a Director was appointed as a Director on 20 Sep 2024 & has been associated with this company since 5 months 5 days .

    20 Sep 2024

  • Annual General Meeting

    Narsim Bags Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Narsim Bags Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.

    31 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 8.40 M with Charge ID 100718903 was registered on 27 Mar 2023.

    27 Mar 2023

  • Charges

    A charge with Others of Rs. 32.20 M registered on 13 Aug 2018 with Charge ID 100199141 was modified on 07 Aug 2020.

    07 Aug 2020

  • Charges

    A charge registered on 07 Dec 2017 via Charge ID 100142304 with Others was fully satisfied on 20 Aug 2018.

    20 Aug 2018

Frequently asked questions

  • Narsim Bags Private Limited was incorporated on 25 Sep 1988.

  • The authorized share capital of Narsim Bags Private Limited is ₹ 4.00 M and paid-up capital is ₹ 2.90 M.

  • Currently 2 directors are associated with Narsim Bags Private Limited.

    • Jaya Varma
    • Nandkishore Verma
  • As per Ministry of Corporate Affairs (Mca), the registered address of Narsim Bags Private Limited is S-3/3, Industrial Area No.1 India, Pithampur, Madhya Pradesh, 454775.

  • The corporate identification number (CIN) of Narsim Bags Private Limited is U25200MP1988PTC004748 and the company number is 004748 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Narsim Bags Private Limited is https://www.narsimbags.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Narsim Bags Private Limited has risen by 24.39%.

  • As Per 2022 financial reports, 9 employees are currently employed by Narsim Bags Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Narsim Bags Private Limited has experienced an upsurge of 13.61%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Narsim Bags Private Limited amount to ₹ 8.04 Cr.

  • The most recent Balance Sheet for Narsim Bags Private Limited was filed with the ROC on 31 Mar 2023.

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