Formative Fashions Profile
Key Indicators
- Authorised Capital ₹ 1.65 Cr
- Paid Up Capital ₹ 1.65 Cr
- Company Age 19 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 5.36 Cr
- Satisfied Charges ₹ 22.84 Cr
- Revenue Growth 5.60%
- Profit Growth 106.96%
- Ebitda 53.14%
- Net Worth 0.41%
- Total Assets -5.99%
About Formative Fashions
Formative Fashions Private Limited (FFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 March 2005 and has a history of 19 years and 11 months. Its registered office is in Surat, Gujarat, 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 1.65 Cr and a paid-up capital of Rs 1.65 Cr.
The company currently has active open charges totaling ₹5.36 Cr. The company has closed loans amounting to ₹22.84 Cr, as per Ministry of Corporate Affairs (MCA) records.
Navneetkumar Saraf, Vipul Saraf, and Ratan Saraf serve as directors at the Company.
Company Details
- Location
Surat, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U17110GJ2005PTC045659
- Company No.
045659
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Mar 2005
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Formative Fashions Private Limited offer?
Formative Fashions Private Limited offers a wide range of products and services, including Embroidery Work & Embroidery Fabric, Embroidered Fabrics, Embroidered Net Fabric, Apparel Fabrics & Clothing Textiles, Ladies Suits & Dress Material.
Who are the key members and board of directors at Formative Fashions?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Navneetkumar Saraf  | Whole-Time Director | 10-Mar-2005 | Current |
| Vipul Saraf | Whole-Time Director | 10-Mar-2005 | Current |
| Ratan Saraf | Director | 10-Jan-2007 | Current |
Financial Performance of Formative Fashions.
Formative Fashions Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.6% increase. The company also saw a substantial improvement in profitability, with a 106.96% increase in profit. The company's net worth moved up by a moderate rise of 0.41%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Formative Fashions?
In 2023, Formative Fashions had a promoter holding of 15.45% and a public holding of 84.55%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Meenakshi Rayon LlpVipul Saraf and Ratan Saraf are mutual person
- Vplus Exports Llp
Ratan Saraf is a mutual person
Charges (Loans)
₹5.36 Cr
₹22.84 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 5.36 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Sep 2022 | Yes Bank Limited | ₹1.06 Cr | Open |
| 13 Jul 2021 | Yes Bank Limited | ₹4.30 Cr | Open |
| 03 Jul 2020 | Others | ₹7.60 M | Satisfied |
| 28 Feb 2015 | Others | ₹9.87 Cr | Satisfied |
| 21 Mar 2009 | Axis Bank | ₹1.25 M | Satisfied |
How Many Employees Work at Formative Fashions?
Formative Fashions has a workforce of 28 employees as of Mar 31, 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 Formative Fashions, 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 Formative Fashions'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.
