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Access comprehensive annual business reports and performance summaries for NCL Buildtek Limited (Previously NCLAlltek & Seccolor Limited) Unlisted Shares
2022-23 Thirty Seventh Annual Report of NCL Buildtek Ltd, formerly NCL Alltek & Seccolor Ltd. The report focuses on "Expanding Horizons, Inspiring Growth" and "Our Journey Towards a Bright Future." The company mourns the loss of Mr. Madhu Kalidindi, Vice-Chairman, and Sri K. Ramchandra Raju, Founder. The company has strategically located manufacturing facilities including coatings units in Simhapuri and Chopanki, doors unit in Jeedimetla, AAC blocks units in Kavuluru and Amudalapadu, and windoors units in Ratnapuri and Gundlapochampally. **MD’s Report (FY23 Review & FY24 Outlook):** The MD’s Desk section pays tribute to Mr. Madhu and highlights his contributions to the company. After facing hardship from COVID-19 and raw material price increases, the company rebounded well in FY23, with a focus on improving profitability. Key performance achievements in FY23 include: * Record turnover of Rs.524 crore gross and Rs.450 crore net, an 11% YoY increase. * YoY EBITDA growth of 102% to Rs. 46 crore. * EBITDA margins increased from 5.6% to 10.2%. Looking ahead to FY24 and beyond, despite macro risks like global economic slowdown and geopolitical tensions, India's growth potential remains strong. The Indian economy is expected to grow by about 6% in FY24, while major economies are expected to decline or grow minimally. The company will focus on high-margin products such as Aluminum Doors & Windows and flooring solutions, efficiencies & profitability and building a high-performance team to achieve these goals. They plan to increase branding and advertising efforts to tap new markets and reinforce their position in existing markets. **Products and Services:** The report showcases NCL Buildtek Ltd’s various product offerings: * **Coloured GI Windows (Saccolor):** Features include strong & elegant design, durability, zero maintenance, energy efficiency, and custom off-site fabrication. * **Aluminium Windows (Alluro):** Characterized by slide & fold, casement & sliding options, narrow vent face widths, concealed fittings, termite resistance, and specialized design for tropical regions. * **uPVC Windows and Doors (Zylos):** Offers wood finish colours, low maintenance, leak and termite resistance. * **ABS Doors:** Moulded doors that are durable, maintenance-free and aesthetically pleasing for interiors. * **AAC Blocks:** Lightweight, consistent quality, eco-friendly, and provides good insulation from heat and sound. * **Dry-Mix Mortars (Pro Plast):** Ready to use plaster, polymer modified, with strong adhesion, no curing required, high durability, and easy workability. * **Wall-X Putty:** Unique CLXP Technology, damp and crack resistance, smooth finish, no flaking. * **Alltek Textures:** The Perfect Blend of Beauty & Durability * **Paints (NCL Paints):** Offering premium to economical ranges, wide choice of shades and environmental-friendly all-weather paints. * **Acrylic Putties (Alltek Superfine):** Acrylic based with super fine finish. * **White Cement Putty:** Breathable white cement putty. The company also emphasizes dedicated team offers comprehensive applications, training, effective installation and maintenance solutions for designing, manufacturing of windows and doors, application and training on AAC Blocks, Tile Adhesives, Putties, Textures and Paints. **Operational Reach:** NCL Buildtek Ltd. has operations spread across India for over 25 years, with products well-recognized by state governments. The company’s manufacturing/fabrication units, registered/admin offices, and distributors/dealers are mapped across India, indicating a pan-India presence. **Corporate Governance & Financials:** The report provides key performance indicators for FY 2022-23 for both standalone and consolidated financials, including net turnover, EBITDA, profit before and after tax, contribution to the exchequer, and EPS. **Notice Section:** The notice section outlines the agenda for the Thirty Seventh Annual General Meeting, including the consideration of financial statements, declaration of dividends, appointment and re-appointment of directors, and ratification of remuneration to cost auditors. It details the process for remote e-voting, electronic inspection of documents, and communication for shareholders, including instructions for members with physical or electronic shares, and unclaimed dividends. The report also includes financial statements, auditors' reports, cash flow statements, and detailed notes to the financial statements for both standalone and consolidated results. It also includes reports on corporate social responsibility activities, and the vigil mechanism. **Director's Report:** This details the company’s performance, including dividends, transfer to reserves, and changes in the board of directors. It also includes discussion of the company's related party transactions, conservation of energy, risk management, and corporate social responsibility initiatives. Details regarding loans, investments, and guarantees are also provided, along with the directors' responsibility statement and key personnel information. Also described are compliance-related items including statutory audits, cost audits and secretarial audits. A statement that provides specific details on directors, officers and related governance matters. **Vision and Values:** Highlights the company's belief in promoting a fair, transparent, ethical and professional work environment.
The NCL Buildtek Limited Annual Report 2021-22 highlights the company's performance and governance. The company, a manufacturer of various building materials, operates 16 units including windoors, coatings, doors and AAC blocks units located strategically in multiple states. **Key Financial Highlights:** For FY 2021-22, the company reported both standalone and consolidated financial results in Indian Rupees (Lakh) and US$ Million. Key metrics include: * Net Turnover: Rs. 40,748.29 Lakh (Standalone and Consolidated) * EBIDTA: Rs. 2,320.35 Lakh (Standalone) and Rs. 2,353.10 Lakh (Consolidated) * Profit After Tax: Rs. 695.98 Lakh (Standalone) and Rs. 1,165.78 Lakh (Consolidated) * Contribution to Exchequer: Rs. 5,807.11 Lakh (Standalone) and Rs. 5,878.80 Lakh (Consolidated) The report includes comparative data from previous years to show trends in Net Turnover (Standalone) and Profitability, as well as Contribution to Exchequer and Book Value of Shares (Consolidated). The company manufactures a range of products including wall putty, textures, paints, GI windoors, uPVC windoors, ABS doors, aluminium windoors, and AAC blocks. **Company Information & Governance:** The document includes details about the company's board of directors, auditors, bankers, registered office, and demat registrar. The notice for the Annual General Meeting (AGM) to be held on September 23, 2022, via video conferencing is included, outlining ordinary and special business to be transacted. **AGM Agenda:** The AGM's agenda includes the consideration of financial statements, declaration of dividend, appointment/re-appointment of directors (including independent directors), re-appointment of auditors, and related party transactions (appointment of Ms. Kalidindi Pooja as President (Walls Division)). Resolutions for each agenda item are provided, along with explanatory statements and details of remuneration for key managerial personnel. **Other Key Points from the Notice:** * Details on e-voting procedures and participation in the virtual AGM are outlined. * Information on unclaimed dividends and the transfer of shares to the Investor Education and Protection Fund (IEPF) is provided. * The contact information for addressing queries/grievances is included. * Information on Dematerialization of shares is given and shareholder are requested to do so by 2nd October 2018. **Directors' Report:** The Directors' Report details the company's financial results, including revenue from operations, profit before tax, and impact of COVID-19. It mentions record turnovers, expansion into new markets, the launch of Aluminium windows under the brand "NCL Alluro," and collaboration with Tata Pravesh. It discusses the company's decision to keep IPO plans on hold due to the impact of COVID. Operations, expansion activities, and material changes after the financial year are also covered. The report includes details on subsidiaries, associates, joint ventures, directors (appointments and resignations), dividend recommendation (Rs.2.50 per equity share), and various compliance-related statements. The directors report mentions CSR activities, along with conservation of energy, technology absorption, and foreign exchange earnings/outgo. Finally, the report also includes details on risk management, the company's capital structure, and other regulatory requirements. **Financial Statements:** Standalone and Consolidated Balance Sheets, Statements of Profit and Loss, Cash Flow Statements, and Statements of Changes in Equity are provided for FY 2021-22. These statements include notes on various aspects such as property, plant and equipment, intangible assets, investments, trade receivables, cash and cash equivalents, equity share capital, trade payables, borrowings, and contingent liabilities. The annual report underscores NCL Buildtek Limited's commitment to financial transparency, good corporate governance, and shareholder value.
Here is a detailed summary of the provided NCL Buildtek Ltd. Annual Report 2020-21 PDF: **Overview:** The document is the 35th Annual Report for 2020-21 of NCL Buildtek Ltd, formerly NCL Alltek & Seccolor Ltd. It includes key performance indicators, notices, director's report, standalone and consolidated financial statements, auditor's reports, and other important information. The report provides an overview of the company's performance, financial position, and activities during the financial year. **Key Performance Indicators (FY 2020-21):** The report presents both standalone and consolidated key performance indicators in both Indian Rupees (Lakh) and US Dollars (Million). Key metrics include net turnover, EBIDTA, profit/loss before and after tax, and contribution to the exchequer. For standalone, Net Turnover was Rs. 26,488.50 Lakh, EBIDTA was Rs. 1,660.00 Lakh, and a loss after tax of Rs. (700.35) Lakh. For the consolidated figures, Net Turnover was Rs. 26,488.50 Lakh, EBIDTA was Rs. 1,690.03 Lakh, and a loss after tax of Rs. (587.37) Lakh. **Notice:** The notice announces the 35th Annual General Meeting (AGM) to be held on September 25, 2021, via video conferencing. It outlines the agenda, including consideration of financial statements, appointment of directors, and ratification of cost auditor remuneration. Information about e-voting, participation in the virtual meeting, and unclaimed dividends is provided. It highlights the need to register email IDs for electronic communication and includes details of how shareholders can access the meeting and cast their votes electronically. **Directors' Report:** The report provides an overview of the company's operations, financial results, and significant events during FY 2020-21. Despite the challenges posed by the COVID-19 pandemic, the company achieved a modest revenue decline of 7%. Key points include: * The company bagged a significant uPVC window order from NCC. * A partnership with Scheuco Germany to offer premium aluminum windows. * A partnership with Tata Pravesh to provide roll-formed steel windows. * The IPO plans were put on hold due to the sub-optimal performance amidst the pandemic. * The Nellore plant was fully commissioned, and a powder coating unit was established. * A uPVC fabrication unit in Karwar, Karnataka was setup. * An agreement to manufacture white cement putty in Katni, Madhya Pradesh was entered. * AAC blocks have been certified to meet GreenPro Eco labeling standards. * The company, in consortium with NCL Industries Ltd, bagged an order for supply of Pre-painted Steel Window Frame to Andhra Pradesh State Housing Corporation Ltd . Changes in the Board of Directors, meetings held, committee composition, and directors' responsibility statement are also included. The report confirms compliance with applicable accounting standards and regulations. **Consolidated and Standalone Financial Statements:** * **Assets:** Non-current assets and current assets are detailed, showing property, plant, and equipment, investments, receivables, cash and cash equivalents, and other assets. * **Equity and Liabilities:** Share capital, reserves, and liabilities (both current and non-current) are presented. * **Statement of Profit and Loss:** Revenue from operations, other income, expenses (cost of materials, purchases, employee benefits, finance costs, depreciation, other expenses), and profit/loss before and after tax are detailed. * **Cash Flow Statement:** Operating, investing, and financing activities are summarized. * **Statement of Changes in Equity:** Details of changes in equity share capital and other equity components are provided. * **Notes to Financial Statements:** Extensive notes provide detailed breakdowns and explanations of items in the financial statements, including accounting policies, related party transactions, contingent liabilities, segment reporting, and earnings per share. **Additional Key Information:** * Related Party Transactions are disclosed. * Details on conservation of energy, technology absorption, and foreign exchange earnings and outgo are provided. * Corporate Social Responsibility (CSR) activities are reported, including composition of the CSR committee and details of expenditure. The company spent Rs. 53,84,077 on CSR activities and transferred Rs. 9,80,423 to the Unspent CSR Account. * A Vigil Mechanism (Whistle Blower Policy) is in place. * Details of unclaimed dividends and the process for claiming them are mentioned. **Overall Outlook (Implied):** While the company experienced challenges due to COVID-19, it appears to be adapting by pursuing strategic initiatives, expanding into new markets, adding facilities, and introducing new products. The securing of a large order for Pre-painted Steel Window Frame to Andhra Pradesh State Housing Corporation Ltd suggests significant growth potential. The company’s focus on sustainable practices and social responsibility is also evident.
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