Formosa Synthetics Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 1.15 M
- Company Age 14 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 75.71 Cr
- Satisfied Charges ₹ 6.64 Cr
- Revenue Growth 3.58%
- Profit Growth -65.90%
- Ebitda -19.18%
- Net Worth 8.73%
- Total Assets 5.31%
About Formosa Synthetics
Formosa Synthetics Private Limited (FSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 May 2010 and has a history of 14 years and nine months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Packaging 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 2.50 M and a paid-up capital of Rs 1.15 M.
The company currently has active open charges totaling ₹75.71 Cr. The company has closed loans amounting to ₹6.64 Cr, as per Ministry of Corporate Affairs (MCA) records.
Saurabh Saraf and Ashish Goenka serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24233KA2010PTC053708
- Company No.
053708
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 May 2010
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
What products or services does Formosa Synthetics Private Limited offer?
Formosa Synthetics Private Limited offers a wide range of products and services, including Carry Bags and Multiutility Bags & Pouches, Shopping Bags, Farming Tools, Equipment & Machines, Greenhouse Accessories, Bulk Bags & Sacks, Cement Bag, Yarns & Threads, Filament Yarn, Woven Sacks, Food Packaging Materials & Supplies.
Who are the key members and board of directors at Formosa Synthetics?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Saurabh Saraf  | Director | 22-Aug-2018 | Current |
| Ashish Goenka | Director | 22-Aug-2018 | Current |
Financial Performance of Formosa Synthetics.
Formosa Synthetics Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 3.58% increase. The company also saw a substantial fall in profitability, with a 65.9% decrease in profit. The company's net worth moved up by a moderate rise of 8.73%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Formosa Synthetics?
In 2023, Formosa Synthetics had a promoter holding of 95.65% and a public holding of 4.34%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Polyearth International Private LimitedSaurabh Saraf is a mutual person
- Dns Engineering Plastics Private Limited
Saurabh Saraf is a mutual person
- Tortoise Real Estates Private Limited
Saurabh Saraf is a mutual person
Charges (Loans)
₹757.10 M
₹66.40 M
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 69.90 Cr
- State Bank Of India : 5.81 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Apr 2022 | State Bank Of India | ₹5.81 Cr | Open |
| 11 Mar 2022 | Axis Bank Limited | ₹69.90 Cr | Open |
| 20 Mar 2017 | State Bank Of India | ₹4.91 Cr | Satisfied |
| 07 Sep 2015 | Hdfc Bank Limited | ₹7.00 M | Satisfied |
| 30 Mar 2012 | The South Indian Bank Limited | ₹1.03 Cr | Satisfied |
How Many Employees Work at Formosa Synthetics?
Formosa Synthetics has a workforce of 11 employees as of Mar 29, 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 Formosa Synthetics, 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 Formosa Synthetics'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.
