Forace Polymers Profile
Key Indicators
- Authorised Capital ₹ 111.55 Cr
- Paid Up Capital ₹ 105.44 Cr
- Company Age 44 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 382.18 Cr
- Satisfied Charges ₹ 246.86 Cr
- Revenue Growth 22.01%
- Profit Growth -11.04%
- Ebitda 1.73%
- Net Worth 18.42%
- Total Assets 7.69%
About Forace Polymers
Forace Polymers Private Limited (FPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 December 1980 and has a history of 44 years and one month. Its registered office is in Haridwar, Uttarakhand, India.
The Company is engaged in the Manufacturing 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 111.55 Cr and a paid-up capital of Rs 105.44 Cr.
The company currently has active open charges totaling ₹382.18 Cr. The company has closed loans amounting to ₹246.86 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Forace Polymers Private Limited India are Sunil Singh as CFO and Neha Ahuja as Company Secretary. Suresh Gupta, Vikas Garg, Sonia Garg, and Two other members serve as directors at the Company.
Company Details
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Location
Haridwar, Uttarakhand, 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
U15142UR1980PTC005172
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Company No.
005172
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
27 Dec 1980
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Uttarakhand
Industry
Who are the key members and board of directors at Forace Polymers?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vikas Garg
|
Managing Director | 17-Jan-2007 | Current |
| Sunil Singh | CFO | Current | |
|
Neha Ahuja
|
Company Secretary | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Sonia Garg
|
Director | 17-Jan-2007 | Current |
|
Suresh Gupta
|
Director | 27-Dec-1980 | Current |
|
Dipak Ghosh
|
Director | 26-Nov-2008 | Current |
|
Saksham Garg
|
Director | 10-Jul-2020 | Current |
Financial Performance of Forace Polymers.
Forace Polymers Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.01% increase. The company also saw a substantial fall in profitability, with a 11.04% decrease in profit. The company's net worth Soared by an impressive increase of 18.42%.
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What is the Ownership and Shareholding Structure of Forace Polymers?
In 2023, Forace Polymers had a promoter holding of 78.38% and a public holding of 21.63%. 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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Forace Speciality Chem Private LimitedSuresh Gupta, Vikas Garg and 3 more are mutual person
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Forace Shine Private Limited
Vikas Garg and Sonia Garg are mutual person
Charges (Loans)
₹382.18 Cr
₹246.86 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 137.90 Cr
- Others : 123.93 Cr
- Axis Bank Limited : 85.00 Cr
- State Bank Of India : 35.00 Cr
- Punjab National Bank : 0.35 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2023 | Hdfc Bank Limited | ₹3.18 M | Open |
| 08 Sep 2023 | Hdfc Bank Limited | ₹0.90 M | Open |
| 11 Aug 2023 | Hdfc Bank Limited | ₹3.24 Cr | Open |
| 06 Jul 2023 | Hdfc Bank Limited | ₹0.80 M | Open |
| 18 Oct 2022 | State Bank Of India | ₹35.00 Cr | Open |
How Many Employees Work at Forace Polymers?
Forace Polymers has a workforce of 101 employees as of Mar 27, 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 Forace Polymers, 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 Forace Polymers'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.
