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NCL Seccolor Limited
Sector:Others Others - Miscella - Others
BSE:32196NSE:NABloomberg:NCLS@INReuters:NCLS.BO
Market Lot: Face Value: 10ISIN Demat: INE527D01018
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17-Oct-2008
Business Profile
NCL Seccolor (NCLSECC), incorporated in 1986, has been engaged in the manufacture of cold-rolled steel profiles. It is part of the NCL group, which has business interests in cement, building materials, construction, power generation and manufacture of chemicals. Other group companies include NCL Industries, Kakatiya Chemicals, Deccan Nitrates, Blue Valley Developers, NCL Homes, Nagarjuna Cerachem and Shamji Bhanji & Company as group companies.

Pre-painted, cold-rolled steel and profiles suitable for doors, windows, railings and fences and accessories for assembly, locking and movement were manufactured with technical know-how from Industrie Secco S.P.A., Italy. Operations resulted in losses and the net worth had completely eroded, Consequently, a reference was made to the Board for Industrial & Financial Reconstruction (BIFR), which declared the company a sick industrial unit in May 1994.

A rehabilitation scheme was sanctioned in December 1996; however, the company could not fulfill its one-time settlement obligations, and the BIFR suggested winding up operations. An appeal was made to the Appellate Authority for Industrial and Financial Reconstruction (AAIFR), which sanctioned a fresh scheme of rehabilitation envisaging settlement of entire dues of financial institutions and banks. To facilitate discharge of its balance liabilities under the OTS and also to ensure sustained availability of funds for operations, it was merged with Alltek Coating Products with effect from Apr. 01, 2002 and delisted from the BSE.

The registered office is located at Raghava Ratna Towers, 7th Floor, Chirag Ali Lane, Abids, Hyderabad-500001, Andhra Pradesh.


Financials
NCL Seccolor registered a profit of Rs 0.95 million for the quarter ended September 2003.
Net sales rose 18.33% to Rs 44.81 million for the quarter ended September 2003 from Rs 37.87 million for the quarter ended September 2002.
Total income rose 18.33% to Rs 44.81 million for the quarter ended September 2003 from Rs 37.87 million for the quarter ended September 2002.
The earnings per share (EPS) of the company stood at Rs 0.19 for the quarter ended September 2003.

In Brief

 
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