Novelty Associates Profile
Key Indicators
- Authorised Capital ₹ 11.00 Cr
- Paid Up Capital ₹ 11.00 Cr
- Company Age 44 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 282.96 Cr
- Satisfied Charges ₹ 277.56 Cr
- Revenue Growth -13.92%
- Profit Growth 26.25%
- Ebitda -64.93%
- Net Worth 16.22%
- Total Assets 1.04%
About Novelty Associates
Novelty Associates Private Limited (NAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 May 1980 and has a history of 44 years and eight months. Its registered office is in Amritsar, Punjab, India.
The Corporate was formerly known as Novelty Papers P Ltd. The Company is engaged in the Automotive 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 11.00 Cr and a paid-up capital of Rs 11.00 Cr.
The company currently has active open charges totaling ₹282.96 Cr. The company has closed loans amounting to ₹277.56 Cr, as per Ministry of Corporate Affairs (MCA) records.
Luvtesh Singh, Amitesh Singh, and Jatinder Singh serve as directors at the Company.
Company Details
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Location
Amritsar, Punjab, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U21012PB1980PTC004195
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Company No.
004195
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
29 May 1980
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Date of AGM
29 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chandigarh
Industry
Who are the key members and board of directors at Novelty Associates?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jatinder Singh
|
Managing Director | 29-May-1980 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Luvtesh Singh
|
Director | 12-Jun-2000 | Current |
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Amitesh Singh
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Director | 10-Jul-2002 | Current |
Financial Performance of Novelty Associates.
Novelty Associates Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 13.92% decrease. The company also saw a substantial improvement in profitability, with a 26.25% increase in profit. The company's net worth Soared by an impressive increase of 16.22%.
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What is the Ownership and Shareholding Structure of Novelty Associates?
In 2023, Novelty Associates had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Novelty Wheels Private LimitedLuvtesh Singh and Amitesh Singh are mutual person
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Novelty Auto Sales Private LimitedLuvtesh Singh and Amitesh Singh are mutual person
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Novelty Cars Private LimitedLuvtesh Singh and Jatinder Singh are mutual person
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B G International Private Limited
Luvtesh Singh and Jatinder Singh are mutual person
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N D K Hotels And Resorts Ltd
Luvtesh Singh, Amitesh Singh and 1 more are mutual person
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Eco Friendly Energies Llp
Luvtesh Singh and Amitesh Singh are mutual person
Charges (Loans)
₹282.96 Cr
₹277.56 Cr
Charges Breakdown by Lending Institutions
- Karnataka Bank Ltd. : 136.63 Cr
- Yes Bank Limited : 65.66 Cr
- Others : 40.67 Cr
- State Bank Of India : 26.00 Cr
- Hdfc Bank Limited : 10.00 Cr
- Others : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2024 | State Bank Of India | ₹20.00 Cr | Open |
| 08 Jan 2024 | Karnataka Bank Ltd. | ₹10.00 Cr | Open |
| 27 Dec 2023 | Others | ₹3.15 Cr | Open |
| 07 Nov 2022 | Karnataka Bank Ltd. | ₹5.00 Cr | Open |
| 22 Feb 2022 | Karnataka Bank Ltd. | ₹1.57 Cr | Open |
How Many Employees Work at Novelty Associates?
Unlock and access historical data on people associated with Novelty Associates, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Novelty Associates, 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 Novelty Associates's trajectory.
Rating
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
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.
