Fomento Resources Profile
Key Indicators
- Authorised Capital ₹ 1.60 M
- Paid Up Capital ₹ 0.24 M
- Company Age 14 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,355.73 Cr
- Satisfied Charges ₹ 1,162.06 Cr
- Revenue Growth -34.12%
- Profit Growth -767.05%
- Ebitda -70.97%
- Net Worth -37.01%
- Total Assets -26.34%
About Fomento Resources
Fomento Resources Private Limited (FRPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 July 2010 and has a history of 14 years and seven months. Its registered office is in Panaji, Goa, India.
The Company is engaged in the Metals And Minerals Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.60 M and a paid-up capital of Rs 0.24 M.
The company currently has active open charges totaling ₹1,355.73 Cr. The company has closed loans amounting to ₹1,162.06 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ambar Timblo, Shankar Narayan, Rajiv Kumar, and One other member serve as directors at the Company.
Company Details
- Location
Panaji, Goa, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U13209GA2010PTC006440
- Company No.
006440
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
08 Jul 2010
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Goa
Industry
Who are the key members and board of directors at Fomento Resources?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shankar Narayan  | Director | 30-Apr-2019 | Current |
| Rajiv Kumar | Director | 01-Feb-2023 | Current |
| Ambar Timblo | Director | 08-Jul-2010 | Current |
| Shafeeq Mitha | Director | 15-Jan-2018 | Current |
Financial Performance of Fomento Resources.
Fomento Resources Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 34.12% decrease. The company also saw a substantial fall in profitability, with a 767.05% decrease in profit. The company's net worth observed a substantial decline by a decrease of 37.01%.
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What is the Ownership and Shareholding Structure of Fomento Resources?
In 2023, Fomento Resources had a promoter holding of 89.47% and a public holding of 10.53%. The company had 3 Subsidiaries, 1 Joint Venture and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Federation Of India Mineral IndustriesAmbar Timblo is a mutual person
Fomar Private Limited.Ambar Timblo is a mutual person
Eyestar Finance And Leasing Private LimitedAmbar Timblo is a mutual person
- Hardesh Ores Private Limited
Rajiv Kumar is a mutual person
Slr Metaliks LimitedAmbar Timblo is a mutual person
Searock Advisors LlpAmbar Timblo and Shankar Narayan are mutual person
Charges (Loans)
₹13,557.28 M
₹11,620.63 M
Charges Breakdown by Lending Institutions
- Others : 820.00 Cr
- Hdfc Bank Limited : 535.73 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2023 | Others | ₹690.00 Cr | Open |
| 21 Mar 2023 | Others | ₹50.00 Cr | Open |
| 21 Feb 2023 | Others | ₹70.00 Cr | Open |
| 30 Sep 2022 | Others | ₹10.00 Cr | Open |
| 20 Oct 2020 | Hdfc Bank Limited | ₹235.54 Cr | Open |
How Many Employees Work at Fomento Resources?
Fomento Resources has a workforce of 34 employees as of Mar 23, 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 Fomento Resources, 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 Fomento Resources'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.
