Facor Steels Limited

Manufacturer of steel products for automobile components, forgers, and bright bar exporters.

2004 | Nagpur, Maharashtra (India) | Under Liquidation
Last Updated:

Facor Steels Profile

Key Indicators

  • Authorised Capital ₹ 60.00 Cr
  • Paid Up Capital ₹ 53.43 Cr
  • Company Age 20 Year, 10 Months
  • Last Filing with ROC 31 Mar 2015
  • Open Charges ₹ 154.25 Cr
  • Satisfied Charges ₹ 67.13 Cr
  • Revenue Growth -93.79%
  • Profit Growth -13.99%
  • Ebitda 66.98%
  • Net Worth -43.99%
  • Total Assets -14.57%

About Facor Steels

Facor Steels Limited (FSL) is Under Liquidation company established on 13 May 2004 with its office registered at Nagpur, Maharashtra, India and has been running since 20 Year, 10 Months with a paid up capital of 53.43 Cr. According to MCA records, 8 Directors are linked to this company as of 20 Apr 2024.

Company Details

  • Location

    Nagpur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L27100MH2004PLC146283

  • Company No.

    146283

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    13 May 2004

  • Date of AGM

    28 Sep 2015

  • Date of Balance Sheet

    31 Mar 2015

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Metals and Minerals

What products or services does Facor Steels Limited offer?

Facor Steels Limited offers a wide range of products and services, including Steel Pipes and Tubes, Industrial Steel Pipes, Industrial Valves & Valve Fittings, Metal Valve, Stainless Steel Bars, Stainless Steel Hexagon Bar, Metal Angles, Steel Angles, Steel Bars, Rods, Plates & Sheets, Steel Round Bars.

Who are the key members and board of directors at Facor Steels?

Executive Team (1)

NameDesignationAppointment DateStatus
Vinodkumar Saraf Country flag representing In Managing Director01-Aug-2004Current

Board Members (7)

NameDesignationAppointment DateStatus
Anurag Saraf Country flag representing In Director 10-Jun-2006Current
Mahendra Thaker Country flag representing In Director 20-Jul-2004Current
Narayan Saraf Country flag representing In Director 28-Apr-2006Current
Keshaorao Pardhi Country flag representing In Director 18-Apr-2014Current
Anand Kapre Country flag representing In Director 20-Jul-2004Current
Mohandas Shenoy Country flag representing In Director 07-Nov-2011Current

Financial Performance of Facor Steels.

Facor Steels Limited, for the financial year ended 2016, experienced significant reduction in revenue, with a 93.79% decrease. The company also saw a substantial fall in profitability, with a 13.99% decrease in profit. The company's net worth observed a substantial decline by a decrease of 43.99%.

Facor Steels revenue growth over time
Facor Steels profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-93.79%
Revenue from Operations
-94.93%
Total Assets
-14.57%
Profit or Loss
-13.99%
Net Worth
-43.99%
EBITDA
66.98%

What is the Ownership and Shareholding Structure of Facor Steels?

In 2016, Facor Steels had a promoter holding of 66.18% and a public holding of 33.82%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹154.25 Cr

Satisfied Charges

₹67.13 Cr

Charges Breakdown by Lending Institutions

  • Bank Of India As Lead Consortium Bank : 142.40 Cr
  • Indian Overseas Bank : 11.85 Cr

Latest Charge Details

DateLenderAmountStatus
28 Apr 2009Bank Of India As Lead Consortium Bank₹142.40 CrOpen
24 Jun 2008Indian Overseas Bank₹11.85 CrOpen
28 Jul 2006State Bank Of Bikaner & Jaipur₹2.63 CrSatisfied
26 Dec 2005Syndicate Bank₹8.55 CrSatisfied
29 Oct 2005State Bank Of India₹15.00 CrSatisfied

How Many Employees Work at Facor Steels?

Unlock and access historical data on people associated with Facor Steels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Facor Steels Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Facor Steels, 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 Facor Steels's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Facor Steels

Recent activity within the organization

  • Annual General Meeting

    Facor Steels Limited last Annual general meeting of members was held on 28 Sep 2015 as per latest MCA records.

  • Balance Sheet

    Facor Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2015 with Roc Mumbai.

  • Director Appointment

    Champaka Rangachari was appointed as a Director was appointed as a Director on 30 Mar 2015 & has been associated with this company since 9 years 11 months .

  • Director Appointment

    Keshaorao Atmaram Pardhi was appointed as a Director was appointed as a Director on 18 Apr 2014 & has been associated with this company since 10 years 11 months .

  • Charges

    A charge with Bank Of India As Lead Consortium Bank of Rs. 142.40 Cr registered on 28 Apr 2009 with Charge ID 10160495 was modified on 22 Aug 2013.

  • Director Appointment

    Mohandas Adige Shenoy was appointed as a Director was appointed as a Director on 07 Nov 2011 & has been associated with this company since 13 years 4 months .

Frequently asked questions

  • What is the Incorporation or founding date of Facor Steels Limited?

    Facor Steels Limited was incorporated on 13 May 2004.

  • What is authorized share capital and paid-up capital of Facor Steels Limited?

    The authorized share capital of Facor Steels Limited is ₹ 60.00 Cr and paid-up capital is ₹ 53.43 Cr.

  • Who are the current board members & directors of Facor Steels Limited?

    Currently 8 directors are associated with Facor Steels Limited.

    • Mahendra Bhawanji Thaker
    • Narayan Das Saraf
    • Anurag Murlidharji Saraf
    • Keshaorao Atmaram Pardhi
    • Vinodkumar Vithaldasji Saraf
    • Anand Sadashiv Kapre
    • Mohandas Adige Shenoy
    • Champaka Rangachari

  • What is the registered address of Facor Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Facor Steels Limited is 46- A & B Midc Ind. Estate Hingna Road, Hingana Road, Nagpur, Maharashtra, India, 440028.

  • What is the corporate identification number (CIN) and company number of Facor Steels Limited?

    The corporate identification number (CIN) of Facor Steels Limited is L27100MH2004PLC146283 and the company number is 146283 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Facor Steels Limited?

    The Official website of Facor Steels Limited is https://www.facorsteel.com

  • What has been the recent revenue trend for Facor Steels Limited?

    According to the financial reports for the fiscal year 2016, the revenue trend for Facor Steels Limited has fallen by -93.79%.

  • What change has been observed in the net worth of Facor Steels Limited, and by what percentage?

    The financial reports for the fiscal year 2016 indicates that The net worth of Facor Steels Limited has experienced an downturn of -43.99%.

  • What are the total open charges for Facor Steels Limited?

    As per the financial statements for fiscal Year 2016, The total open charges for Facor Steels Limited amount to ₹ 154.25 Cr.

  • When was the last Balance Sheet of Facor Steels Limited filed with the ROC?

    The most recent Balance Sheet for Facor Steels Limited was filed with the ROC on 31 Mar 2015.

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