Formula Lubricants Limited

Produces and sells lubricating oil since 1991, based in Aurangabad, Maharashtra.

1991 | Aurangabad, Maharashtra (India) | Active
Last Updated:

Formula Lubricants Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 7.27 M
  • Company Age 34 Year, 19 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.80 M
  • Revenue Growth -91.15%
  • Profit Growth -1132.36%
  • Ebitda -839.14%
  • Net Worth -25.19%
  • Total Assets -1.04%

About Formula Lubricants

Formula Lubricants Limited (FLL) is a Public Limited Indian Non-Government Company incorporated in India on 15 February 1991 and has a history of 34 years. Its registered office is in Aurangabad, Maharashtra, India.

The Company is engaged in the Chemicals And Materials Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 7.27 M.

The company currently has active open charges totaling ₹3.80 M.

Veerdhawal Gandhi, Ajay Gandhi, and Bhushan Shah serve as directors at the Company.

Company Details

  • Location

    Aurangabad, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U23201MH1991PLC060323

  • Company No.

    060323

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 Feb 1991

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Chemicals and Materials

Who are the key members and board of directors at Formula Lubricants?

Board Members (3)

NameDesignationAppointment DateStatus
Veerdhawal Gandhi Country flag representing In Director 05-Aug-1994Current
Ajay Gandhi Country flag representing In Director 05-Aug-1994Current
Bhushan Shah Country flag representing In Director 05-Aug-1994Current

Financial Performance of Formula Lubricants.

Formula Lubricants Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 91.15% decrease. The company also saw a substantial fall in profitability, with a 1132.36% decrease in profit. The company's net worth observed a substantial decline by a decrease of 25.19%.

Formula Lubricants revenue growth over time
Formula Lubricants 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
-91.15%
Revenue from Operations
Total Assets
-1.04%
Profit or Loss
-1132.36%
Net Worth
-25.19%
EBITDA
-839.14%

What is the Ownership and Shareholding Structure of Formula Lubricants?

In 2021, Formula Lubricants had a promoter holding of 90.69% and a public holding of 9.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.38 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • The Saraswat Co- Op. Bank Ltd. : 0.20 Cr
  • Union Bank Of India : 0.18 Cr

Latest Charge Details

DateLenderAmountStatus
13 Nov 1993The Saraswat Co- Op. Bank Ltd.₹2.00 MOpen
04 Feb 1993Union Bank Of India₹1.80 MOpen

How Many Employees Work at Formula Lubricants?

Unlock and access historical data on people associated with Formula Lubricants, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Formula Lubricants Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Formula Lubricants, 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 Formula Lubricants'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 Formula Lubricants

Recent activity within the organization

  • Annual General Meeting

    Formula Lubricants Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Formula Lubricants Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Veerdhawal Jawahirlal Gandhi was appointed as a Director was appointed as a Director on 05 Aug 1994 & has been associated with this company since 30 years 7 months .

  • Director Appointment

    Ajay Jawahirlal Gandhi was appointed as a Director was appointed as a Director on 05 Aug 1994 & has been associated with this company since 30 years 7 months .

  • Director Appointment

    Bhushan Chandraprabhu Shah was appointed as a Director was appointed as a Director on 05 Aug 1994 & has been associated with this company since 30 years 7 months .

  • Charges

    A charge with The Saraswat Co- Op. Bank Ltd. amounted to Rs. 0.20 Cr with Charge ID 90387006 was registered on 13 Nov 1993.

Frequently asked questions

  • What is the Incorporation or founding date of Formula Lubricants Limited?

    Formula Lubricants Limited was incorporated on 15 Feb 1991.

  • What is authorized share capital and paid-up capital of Formula Lubricants Limited?

    The authorized share capital of Formula Lubricants Limited is ₹ 1.00 Cr and paid-up capital is ₹ 7.27 M.

  • Who are the current board members & directors of Formula Lubricants Limited?

    Currently 3 directors are associated with Formula Lubricants Limited.

    • Veerdhawal Jawahirlal Gandhi
    • Ajay Jawahirlal Gandhi
    • Bhushan Chandraprabhu Shah

  • What is the registered address of Formula Lubricants Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Formula Lubricants Limited is 5-14-42 Adalat Road, India, Aurangabad, Maharashtra, 431005.

  • What is the corporate identification number (CIN) and company number of Formula Lubricants Limited?

    The corporate identification number (CIN) of Formula Lubricants Limited is U23201MH1991PLC060323 and the company number is 060323 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Formula Lubricants Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Formula Lubricants Limited has fallen by -91.15%.

  • What change has been observed in the net worth of Formula Lubricants Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Formula Lubricants Limited has experienced an downturn of -25.19%.

  • What are the total open charges for Formula Lubricants Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Formula Lubricants Limited amount to ₹ 3.80 M.

  • When was the last Balance Sheet of Formula Lubricants Limited filed with the ROC?

    The most recent Balance Sheet for Formula Lubricants Limited was filed with the ROC on 31 Mar 2024.

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