Formac Engineering Profile
Key Indicators
- Authorised Capital ₹ 2.00 M
- Paid Up Capital ₹ 1.00 M
- Company Age 56 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 6.68 M
- Satisfied Charges ₹ 3.26 Cr
- Revenue Growth -62.90%
- Profit Growth 328.75%
- Ebitda 37.88%
- Net Worth
- Total Assets -1.96%
About Formac Engineering
Formac Engineering Limited (FEL) was founded in India on 16 December 1968 and has a glorious history of 56 years and two months.Its registered office is in Thane, Maharashtra, India.
The Company is engaged in the Automotive 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 2.00 M and a paid-up capital of Rs 1.00 M.
The company currently has active open charges totaling ₹6.68 M. The company has closed loans amounting to ₹3.26 Cr, as per Ministry of Corporate Affairs (MCA) records.
Shapur Rao, Zarine Rao, and Firoze Rao serve as directors at the Company.
Company Details
- Location
Thane, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U28920MH1968PLC014164
- Company No.
014164
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
16 Dec 1968
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Formac Engineering?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shapur Rao  | Whole-Time Director | 17-Dec-1968 | Current |
| Zarine Rao | Whole-Time Director | 17-May-1988 | Current |
| Firoze Rao | Director | 15-Nov-2003 | Current |
Financial Performance of Formac Engineering.
Formac Engineering Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 62.9% decrease. The company also saw a substantial improvement in profitability, with a 328.75% increase in profit. The company's net worth witnessed no change by increase of 0%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Formac Engineering?
In 2022, Formac Engineering had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹6.68 M
₹32.59 M
Charges Breakdown by Lending Institutions
- Others : 0.19 Cr
- The Saraswat Co-Opbank : 0.17 Cr
- Janalakshmi Financial Services Private Limited : 0.15 Cr
- Grindleys Bank : 0.05 Cr
- Grindlays Bank Limited : 0.05 Cr
- Others : 0.06 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Dec 2015 | Others | ₹1.85 M | Open |
| 30 Jul 2014 | Janalakshmi Financial Services Private Limited | ₹1.50 M | Open |
| 26 Jan 2004 | The Saraswat Co-Co Bank Ltd | ₹0.20 M | Open |
| 20 Aug 1986 | The Saraswat Co-Opbank | ₹1.70 M | Open |
| 14 Feb 1985 | Grindlays Bank Limited | ₹0.50 M | Open |
How Many Employees Work at Formac Engineering?
Unlock and access historical data on people associated with Formac Engineering, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Formac Engineering, 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 Formac Engineering'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
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