Faithful Commercial Ltd
Edible oil extraction and manufacturing with a solvent extraction plant and rented warehouses.
1983 | Kolkata, West Bengal (India) | Active
Faithful Commercial Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 9.95 M
- Company Age 41 Year, 11 Months
- Last Filing with ROC 31 Mar 2022
- Open Charges ₹ 16.42 Cr
- Satisfied Charges ₹ 6.75 Cr
- Revenue Growth -20.09%
- Profit Growth 31.69%
- Ebitda -1.09%
- Net Worth 4.00%
- Total Assets 12.18%
About Faithful Commercial
Faithful Commercial Ltd (FCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 15 April 1983 and has a history of 41 years and 11 months. Its registered office is in Kolkata, West Bengal, India.
The Company is engaged in the Transport And Logistics Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It's a company limited by shares with an authorized capital of Rs 1.50 Cr and a paid-up capital of Rs 9.95 M.
The company currently has active open charges totaling ₹16.42 Cr. The company has closed loans amounting to ₹6.75 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mishita Rungta, Sumit Rungta, and Prabha Rungta serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51909WB1983PLC036180
- Company No.
036180
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
15 Apr 1983
- Date of AGM
30 Sep 2022
- Date of Balance Sheet
31 Mar 2022
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Transport and Logistics
Food and Beverages
Faithful Commercial Ltd
Explore comprehensive data for Faithful Commercial Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Faithful Commercial?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mishita Rungta  | Director | 31-Jan-2022 | Current |
| Sumit Rungta | Director | 15-Oct-2001 | Current |
| Prabha Rungta | Director | 16-Feb-2012 | Current |
Financial Performance of Faithful Commercial.
Faithful Commercial Ltd, for the financial year ended 2021, experienced significant reduction in revenue, with a 20.09% decrease. The company also saw a substantial improvement in profitability, with a 31.69% increase in profit. The company's net worth moved up by a moderate rise of 4%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Faithful Commercial?
In 2022, Faithful Commercial had a promoter holding of 100.00%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Amba Fibres Limited
Mishita Rungta, Sumit Rungta and 1 more are mutual person
- Atindriya Agro Private Limited
Sumit Rungta and Prabha Rungta are mutual person
- Mandelashri Industries Private Limited
Sumit Rungta and Prabha Rungta are mutual person
- Shreekeshav Industries Private Limited
Sumit Rungta and Prabha Rungta are mutual person
- S. K. Transformers Private Limited
Sumit Rungta is a mutual person
- Zoom Textiles & Finance Pvt. Ltd.
Sumit Rungta and Prabha Rungta are mutual person
Charges (Loans)
Open Charges
₹16.42 Cr
Satisfied Charges
₹6.75 Cr
Charges Breakdown by Lending Institutions
- Union Bank Of India : 11.80 Cr
- Others : 4.62 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2020 | Others | ₹1.77 Cr | Open |
| 28 Aug 2018 | Others | ₹1.50 M | Open |
| 01 Jul 2016 | Others | ₹2.70 Cr | Open |
| 27 Jul 2012 | Union Bank Of India | ₹10.00 Cr | Open |
| 12 Oct 2009 | Union Bank Of India | ₹1.80 Cr | Open |
How Many Employees Work at Faithful Commercial?
Faithful Commercial has a workforce of 16 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Faithful Commercial, 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 Faithful Commercial's trajectory.
Rating
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
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 Faithful Commercial
Recent activity within the organization
- Annual General Meeting
Faithful Commercial Ltd last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
- Balance Sheet
Faithful Commercial Ltd has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Kolkata.
- Director Appointment
Mishita Rungta was appointed as a Director was appointed as a Director on 31 Jan 2022 & has been associated with this company since 3 years 1 month .
- Charges
A charge with Others amounted to Rs. 1.77 Cr with Charge ID 100373900 was registered on 30 Jun 2020.
- Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100203684 was registered on 28 Aug 2018.
- Charges
A charge registered on 27 Jul 2012 via Charge ID 10369820 with Union Bank Of India was fully satisfied on 26 Dec 2017.
Frequently asked questions
What is the Incorporation or founding date of Faithful Commercial Ltd?
Faithful Commercial Ltd was incorporated on 15 Apr 1983.
What is authorized share capital and paid-up capital of Faithful Commercial Ltd?
The authorized share capital of Faithful Commercial Ltd is ₹ 1.50 Cr and paid-up capital is ₹ 9.95 M.
Who are the current board members & directors of Faithful Commercial Ltd?
Currently 3 directors are associated with Faithful Commercial Ltd.
- Mishita Rungta
- Sumit Kumar Rungta
- Prabha Rungta
What is the registered address of Faithful Commercial Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Faithful Commercial Ltd is Brindavan Garden Building No. B-5 4Th Floor Flat 1 2 98, Christhopher Road India, Kolkata, West Bengal, 700046.
What is the corporate identification number (CIN) and company number of Faithful Commercial Ltd?
The corporate identification number (CIN) of Faithful Commercial Ltd is U51909WB1983PLC036180 and the company number is 036180 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Faithful Commercial Ltd?
According to the financial reports for the fiscal year 2021, the revenue trend for Faithful Commercial Ltd has fallen by -20.09%.
How many employees does Faithful Commercial Ltd currently have?
As Per 2021 financial reports, 16 employees are currently employed by Faithful Commercial Ltd.
What change has been observed in the net worth of Faithful Commercial Ltd, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Faithful Commercial Ltd has experienced an upsurge of 4.00%.
What are the total open charges for Faithful Commercial Ltd?
As per the financial statements for fiscal Year 2021, The total open charges for Faithful Commercial Ltd amount to ₹ 16.42 Cr.
When was the last Balance Sheet of Faithful Commercial Ltd filed with the ROC?
The most recent Balance Sheet for Faithful Commercial Ltd was filed with the ROC on 31 Mar 2022.
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