Fortune Associates Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
as on 21-06-2024
- Paid Up Capital ₹ 3.69 Cr
as on 21-06-2024
- Company Age 16 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 0.82 Cr
as on 21-06-2024
- Satisfied Charges ₹ 14.60 Cr
as on 21-06-2024
- Revenue -33.18%
(FY 2020)
- Profit -37.22%
(FY 2020)
- Ebitda 3.44%
(FY 2020)
- Net Worth 1.67%
(FY 2020)
- Total Assets -8.61%
(FY 2020)
About Fortune Associates
The Company is engaged in the Electronics 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 25.00 Cr and a paid-up capital of Rs 3.69 Cr.
The company currently has active open charges totaling ₹8.24 M. The company has closed loans amounting to ₹14.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bibhudatta Munda and Manoj Munda serve as directors at the Company.
- CIN/LLPIN
U13209OR2008PTC010079
- Company No.
010079
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Jun 2008
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Cuttack
Industry
Company Details
- Location
Kendujhar, Odisha, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Fortune Associates Private Limited offer?
Fortune Associates Private Limited offers a wide range of products and services, including Minerals and Ores, Iron Ore.
Who are the key members and board of directors at Fortune Associates?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manoj Munda  | Managing Director | 30-Jul-2009 | Current |
Board Members(1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bibhudatta Munda | Director | 30-Dec-2021 | Current |
Financial Performance and Corporate Structure Insights of Fortune Associates.
Fortune Associates Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 33.18% decrease. The company also saw a substantial fall in profitability, with a 37.22% decrease in profit. The company's net worth moved up by a moderate rise of 1.67%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Fortune Associates?
In 2019, Fortune Associates had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Fortune Iron And Steel Private Limited
Active
13 years 7 months Bibhudatta Munda and Manoj Munda are mutual person
Fortune Infra Logistics Private Limited
Active 13 years 7 months Bibhudatta Munda and Manoj Munda are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 15 Dec 2017 | ₹8.24 M | Open |
Others Creation Date: 29 Mar 2016 | ₹1.00 | Open |
Others Creation Date: 30 Nov 2017 | ₹2.58 Cr | Satisfied |
How Many Employees Work at Fortune Associates?
Unlock and access historical data on people associated with Fortune Associates, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
As of Apr 30, 2017, Fortune Associates has raised a total of ₹ 3.68 Cr, with the most recent deal valued at ₹ 6 M. Access detailed insights into the company’s deals, including security allotments, mergers, acquisitions, and strategic partnerships that have shaped its growth.
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.
.webp){kind=small}
