NICCO CORPORATION LTD

BRIEF PROFILE

Industry Power Cable Nicco Corporation Limited is the flagship company of the

Reg. Office Kolkata Nicco group.For nearly over six decades, NCL has been one of
the pioneers in the Indian cable manufacturing
industry.NCL's Project Division is an ISO 9001 certified
Engineering, Procurement and Construction (EPC) contracting
Management Team
company serving the refining, gas handling and processing,
Name Designation petrochemicals & chemical process industries. Nicco
Mr Rajive Kaul Chairman Engineering Services Limited (NESL) has grown up into a full
Mr Udyan Ray Vice-Chairman fledged specialised maintenance services provider by bringing
Mr Kartik K Chatterjee MD & CEO in many state-of-the-art technologies from world leaders.Nicco
Mr Rahul Banerjee Company Secretary Parks has three mega amusement parks in Eastern India and is

Mr Narottam Das Director looking at setting up more parks in India and emerging
markets. Nicco Ventures Limited (NVL) provides HR solutions
Mr Prabir Chakravarti Director
including recruitment, campus placement, training and
Mr Sujit Poddar Director
psychometric testing.
Ms Pallavi P Kaul Director
Mr Shiv S Narayan Kaul Director Mr Rajiv Kaul is the main shareholder and promoter of Nicco
Dr Dilip K Datta Director Corporation. As per annual report 2015-2016, the company has
Mr Tapan Chaki Director closed the cable division as per AAIFR/BIFR order. As the
working capital is virtually dried up, the company had to resort
to temporary suspension of work. Its therefore necessary to get
the revised DRS approved by all lenders and finally the BIFR
for its implementation at the earliest. According to July report,
Key Metrics
the debt resolution process for Nicco Corporation, one of the
Share price as on 20.09.2017 0.5 first movers to the National Company Law Tribunal (NCLT)
Face Value (Rs.) 2 after creation of the Bankruptcy Code, is still hanging in the
EPS (In Rs.) -3.23 balance with its lenders suggesting the company to rework the
P/E Ratio -0.15 resolution plan, according to sources close to the development.

Market Cap Full / Free Float (Cr) 5.2 Cr NCLT had ordered the corporate insolvency resolution
process against Nicco Corp on January 18 2017 and July 16 2017
was the estimated date of closure of the process.

(in %) Mar-16 Mar-15

The Kolkata-based company
Promoter 34.55 eroded its entire net worth and
36.94
was declared sick by BIFR in 2011. It had declared a `temporary
Public 34.45 33.06
suspension of work" at its plants in Shyamnagar and Baripada
Others 31.00 30.00
on and from April 23, 2015, saying that the financial constraints
Total 100 100
has been left it with no alternative.

JR LADDHA FINANCIAL SERVICES (P) LTD

Credit Rating as on 20.09.2017

No Ratings were found for Nicco Corporation due to pending

case with NCLT

Major Lenders Lending Amount

SBI 100 Crore
Allahabad Bank 85 Crore
Canara Bank 39 Crore
Central Bank of India 18 Crore

DETAILS OF FINANCIALS

(In crores)
Particular Mar-16 Mar-15
Revenue 10.05 103.21
PBIDT -8.27 102.05
Interest 38.94 43.47
PBDT -47.2 -42.3
Depreciation 3.65 4.14
PAT -50.8 -46.45

JR LADDHA FINANCIAL SERVICES (P) LTD