Fomento Resources Private Limited

A trading company involved in purchasing and selling iron ore from mines in India and abroad.

2010 | Goa, Goa (India) | Active
Last Updated:

Fomento Resources Profile

Key Indicators

  • Authorised Capital ₹ 1.60 M
  • Paid Up Capital ₹ 0.24 M
  • Company Age 14 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,530.73 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 eight months. Its registered office is in Goa, 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 2024. 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 ₹1,530.73 Cr. The company has closed loans amounting to ₹1,162.06 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ambar Timblo, Shafeeq Mitha, Rajiv Kumar, and One other member serve as directors at the Company.

Company Details

  • Location

    Goa, 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 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Goa

Industry

Metals and Minerals

Who are the key members and board of directors at Fomento Resources?

Board Members (4)

NameDesignationAppointment DateStatus
Shankar Narayan Country flag representing In Director 30-Apr-2019Current
Rajiv Kumar Country flag representing In Director 01-Feb-2023Current
Ambar Timblo Country flag representing In Director 08-Jul-2010Current
Shafeeq Mitha Country flag representing In Director 15-Jan-2018Current

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%.

Fomento Resources revenue growth over time
Fomento Resources 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
-34.12%
Revenue from Operations
-36.85%
Total Assets
-26.34%
Profit or Loss
-767.05%
Net Worth
-37.01%
EBITDA
-70.97%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹15,307.28 M

Satisfied Charges

₹11,620.63 M

Charges Breakdown by Lending Institutions

  • Others : 995.00 Cr
  • Hdfc Bank Limited : 535.73 Cr

Latest Charge Details

DateLenderAmountStatus
07 Nov 2024Others₹30.00 CrOpen
27 Sep 2024Others₹145.00 CrOpen
17 Oct 2023Others₹690.00 CrOpen
21 Mar 2023Others₹50.00 CrOpen
21 Feb 2023Others₹70.00 CrOpen

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.

Employee growth trends for Fomento Resources Private Limited

Deals i

Graph showing company valuation over time

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

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 Fomento Resources

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 300.00 M with Charge ID 101009355 was registered on 07 Nov 2024.

  • Annual General Meeting

    Fomento Resources Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 1,450.00 M with Charge ID 100988271 was registered on 27 Sep 2024.

  • Balance Sheet

    Fomento Resources Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Goa.

  • Charges

    A charge with Others of Rs. 6,900.00 M registered on 17 Oct 2023 with Charge ID 100819662 was modified on 05 Mar 2024.

  • Charges

    A charge with Others amounted to Rs. 6,900.00 M with Charge ID 100819662 was registered on 17 Oct 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Fomento Resources Private Limited?

    Fomento Resources Private Limited was incorporated on 08 Jul 2010.

  • What is authorized share capital and paid-up capital of Fomento Resources Private Limited?

    The authorized share capital of Fomento Resources Private Limited is ₹ 1.60 M and paid-up capital is ₹ 0.24 M.

  • Who are the current board members & directors of Fomento Resources Private Limited?

    Currently 4 directors are associated with Fomento Resources Private Limited.

    • Ambar Auduth Timblo
    • Shafeeq Ismail Mitha
    • Rajiv Kumar
    • Shankar Narayan

  • What is the registered address of Fomento Resources Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Fomento Resources Private Limited is 102 1St Floor Kamat Metropolis-I Behind Caculo Mall, St Inez India, Panaji, Goa, 403001.

  • What is the corporate identification number (CIN) and company number of Fomento Resources Private Limited?

    The corporate identification number (CIN) of Fomento Resources Private Limited is U13209GA2010PTC006440 and the company number is 006440 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Fomento Resources Private Limited?

    The Official website of Fomento Resources Private Limited is https://www.fomento.com

  • What has been the recent revenue trend for Fomento Resources Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Fomento Resources Private Limited has fallen by -34.12%.

  • How many employees does Fomento Resources Private Limited currently have?

    As Per 2023 financial reports, 34 employees are currently employed by Fomento Resources Private Limited.

  • What change has been observed in the net worth of Fomento Resources Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Fomento Resources Private Limited has experienced an downturn of -37.01%.

  • What are the total open charges for Fomento Resources Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Fomento Resources Private Limited amount to ₹ 1,530.73 Cr.

  • When was the last Balance Sheet of Fomento Resources Private Limited filed with the ROC?

    The most recent Balance Sheet for Fomento Resources Private Limited was filed with the ROC on 31 Mar 2024.

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