Formosa Synthetics Private Limited

Packaging solutions provider for various industries, offering materials like fabrics, sacks, and bags.

2010 | Bangaluru, Karnataka (India) | Active
Last Updated:

Formosa Synthetics Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.15 M
  • Company Age 14 Year, 11 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 11 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

Packaging

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.

Company report

Formosa Synthetics Private Limited

Explore comprehensive data for Formosa Synthetics Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Formosa Synthetics?

Board Members (2)

NameDesignationAppointment DateStatus
Saurabh Saraf Country flag representing In Director 22-Aug-2018Current
Ashish Goenka Country flag representing In Director 22-Aug-2018Current

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%.

Formosa Synthetics revenue growth over time
Formosa Synthetics 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
3.58%
Revenue from Operations
3.34%
Total Assets
5.31%
Profit or Loss
-65.90%
Net Worth
8.73%
EBITDA
-19.18%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹757.10 M

Satisfied Charges

₹66.40 M

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 69.90 Cr
  • State Bank Of India : 5.81 Cr

Latest Charge Details

DateLenderAmountStatus
25 Apr 2022State Bank Of India₹5.81 CrOpen
11 Mar 2022Axis Bank Limited₹69.90 CrOpen
20 Mar 2017State Bank Of India₹4.91 CrSatisfied
07 Sep 2015Hdfc Bank Limited₹7.00 MSatisfied
30 Mar 2012The South Indian Bank Limited₹1.03 CrSatisfied

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.

Employee growth trends for Formosa Synthetics Private Limited

Deals i

Graph showing company valuation over time

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

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 Formosa Synthetics

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited of Rs. 699.00 M registered on 11 Mar 2022 with Charge ID 100556363 was modified on 07 Mar 2024.

  • Annual General Meeting

    Formosa Synthetics Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Formosa Synthetics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Charges

    A charge with State Bank Of India amounted to Rs. 58.10 M with Charge ID 100563812 was registered on 25 Apr 2022.

  • Charges

    A charge registered on 20 Mar 2017 via Charge ID 100119537 with State Bank Of India was fully satisfied on 24 Mar 2022.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 699.00 M with Charge ID 100556363 was registered on 11 Mar 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Formosa Synthetics Private Limited?

    Formosa Synthetics Private Limited was incorporated on 18 May 2010.

  • What is authorized share capital and paid-up capital of Formosa Synthetics Private Limited?

    The authorized share capital of Formosa Synthetics Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.15 M.

  • Who are the current board members & directors of Formosa Synthetics Private Limited?

    Currently 2 directors are associated with Formosa Synthetics Private Limited.

    • Saurabh Saraf
    • Ashish Goenka

  • What is the registered address of Formosa Synthetics Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Formosa Synthetics Private Limited is Saraswati Nilaya No. 747/42 5Th Main Road 4Th Cross, Vijayanagar India, Bangalore, Karnataka, 560040.

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

    The corporate identification number (CIN) of Formosa Synthetics Private Limited is U24233KA2010PTC053708 and the company number is 053708 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Formosa Synthetics Private Limited?

    The Official website of Formosa Synthetics Private Limited is https://www.formosasynthetics.com

  • What has been the recent revenue trend for Formosa Synthetics Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Formosa Synthetics Private Limited has risen by 3.58%.

  • How many employees does Formosa Synthetics Private Limited currently have?

    As Per 2023 financial reports, 11 employees are currently employed by Formosa Synthetics Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Formosa Synthetics Private Limited has experienced an upsurge of 8.73%.

  • What are the total open charges for Formosa Synthetics Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Formosa Synthetics Private Limited amount to ₹ 75.71 Cr.

  • When was the last Balance Sheet of Formosa Synthetics Private Limited filed with the ROC?

    The most recent Balance Sheet for Formosa Synthetics Private Limited was filed with the ROC on 31 Mar 2023.

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