Nishad Nikhil International

Nishad Nikhil International M/s. Nishad Nikhil International is a Trading Firm, which came into existence on 1st May, 1998. It is a Proprietorship Firm and started its operations of trading from October, 1998. The basic commodity of our firm is Iron Ore of various categories such as:- Iron Ore Fines 0-5 mm (Export quality. Fe varying from 58% - 63%) We deal in the trading of above mentioned commodities from various sectors across India like Orissa, Jharkhand, Chattisgarh, West Bengal, Andhra Pradesh, Gujarat , Goa etc. We have our Head Office at Ranchi. We also have our Branch Offices at Barbil (Orissa) and at Raipur (Chattisgarh). NATURE OF BUSINESS We are one of the largest suppliers of Iron Ore in the Domestic Market as well as to the Export Houses. We procure variety of Raw Iron (Lumps) from several mines, crush it into desired size and then supply it to multiple locations via railways and roadways. Sized Iron Ore is normally supplied to Sponge Iron & Steel plants whereas Iron Ore Fines are being supplied to Export Houses. Exporter further supply the Iron Ore Fines to various ports of China. AREA OF BUSINESS The firm deals in several sector of Iron Ore in India and continuously expanding its business venues in Domestic Market. The firm is working in many states such as West Bengal, Jharkhand, Orissa, Chattisgarh etc. as well in various sea ports (i.e. Vaizag, Kakinada, Gangawaram, Kandla, Paradeep, Haldia, Vasco Da Gama etc.). We are also putting our constant effort to explore new ventures in the International Market in places like Australia, China and Gulf Countries. OUR CONSUMERS / BUYERS The firm deals with the largest Sponge Iron & Steel plants in several states such as Chattisgarh, West Bengal, Jharkhand etc. and a number of very renowned exporters of India, who exports from several ports such as Paradeep, Vizag, Kakinada, Haldia etc. . FUTURE PROSPECT The Iron & Steel sector is suffering from several turbulences since the last financial year which has consequently hampered our turnover also. The price of Iron and Steel has gone down by less than 50% in comparison to the prices of 2007-08. Also, the major buyer of India, China, has curtailed the import of Iron and Steel for the last year or so. But the current market projections establish a trust of fast and concrete upliftment of the market in near future. Moreover, we have done a business transaction of Rs. 70 crores approx. which is an indication of our commitment towards our constant growth and being a successful entrepreneur even in this market scenario. Since, the firm has great contacts with Sponge Iron & Steel plant from the states of Chattisgarh, West Bengal, Jharkhand, Orissa etc. and Export Houses from Vaizag, Kakinada, Gangawaram, Kandla, Paradeep, Haldia etc., we shall be able to expand our business further in the near future. The firm is planning to export Iron Ore Fines to China and Gulf countries as we are getting constant enquiries and requisitions for the same. We are being offered to supply on International LC terms and we believe that this shall multiple our turnover exponentially. We are also planning to import magnesia from Australia to supply in the Domestic Market which has a huge Demand in our country. This shall again appreciate our business turnover significantly.