Flax Apparels Profile
Key Indicators
- Authorised Capital ₹ 3.50 M
- Paid Up Capital ₹ 3.47 M
- Company Age 28 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.17 Cr
- Satisfied Charges ₹ 7.69 M
- Revenue Growth 17.67%
- Profit Growth 14.26%
- Ebitda -16.96%
- Net Worth 38.68%
- Total Assets 16.61%
About Flax Apparels
Flax Apparels Private Limited (FAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 02 April 1996 and has a history of 28 years and ten months. Its registered office is in Kachchh, Gujarat, India.
The Company is engaged in the Consumer Goods Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 3.50 M and a paid-up capital of Rs 3.47 M.
The company currently has active open charges totaling ₹1.17 Cr. The company has closed loans amounting to ₹7.69 M, as per Ministry of Corporate Affairs (MCA) records.
Jagmohan Kang, Harish Mahajan, Sanjay Sharma, and One other member serve as directors at the Company.
Company Details
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Location
Kachchh, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17119GJ1996PTC029212
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Company No.
029212
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
02 Apr 1996
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Flax Apparels?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jagmohan Kang
|
Managing Director | 18-Jan-2010 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Harish Mahajan
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Whole-Time Director | 02-Apr-2018 | Current |
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Sanjay Sharma
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Whole-Time Director | 15-Jun-2009 | Current |
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Harveer Kang
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Whole-Time Director | 18-Feb-2020 | Current |
Financial Performance of Flax Apparels.
Flax Apparels Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.67% increase. The company also saw a substantial improvement in profitability, with a 14.26% increase in profit. The company's net worth Soared by an impressive increase of 38.68%.
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What is the Ownership and Shareholding Structure of Flax Apparels?
In 2023, Flax Apparels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Kang Singh Dua Builders LlpJagmohan Kang is a mutual person
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Euroline Shipping (India) Private Limited
Harish Mahajan is a mutual person
Charges (Loans)
₹11.74 M
₹7.69 M
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 0.98 Cr
- Others : 0.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Sep 2024 | Others | ₹1.01 M | Open |
| 11 Sep 2023 | Others | ₹0.90 M | Open |
| 27 Mar 2021 | Axis Bank Limited | ₹9.83 M | Open |
| 15 Jul 2014 | Srei Equipment Finance Limited | ₹0.70 M | Satisfied |
| 19 May 2004 | Bank Of Baroda | ₹0.58 M | Satisfied |
How Many Employees Work at Flax Apparels?
Flax Apparels has a workforce of 17 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 Flax Apparels, 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 Flax Apparels'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.
