Friends Ispat Profile
Key Indicators
- Authorised Capital ₹ 1.10 Cr
- Paid Up Capital ₹ 1.06 Cr
- Company Age 27 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 3.40 Cr
- Revenue Growth 28.62%
- Profit Growth -90.88%
- Ebitda -48.64%
- Net Worth 2.03%
- Total Assets 8.53%
About Friends Ispat
Friends Ispat Limited (FIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 December 1997 and has a history of 27 years and two months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Friends Ispat Udyog Private Limited. The Company is engaged in the Metals And Minerals 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 1.10 Cr and a paid-up capital of Rs 1.06 Cr.
The company currently has active open charges totaling ₹3.40 Cr.
Devendra Goyal, Ankit Goyal, and Misha Jain serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U27100GJ1997PLC107731
- Company No.
107731
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
22 Dec 1997
- 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 Friends Ispat Limited offer?
Friends Ispat Limited offers a wide range of products and services, including Brackets, Holder & Hardware Fittings, Metal Angles, Steel Bars, Rods, Plates & Sheets, Mild Steel Bars, TMT Bars.
Who are the key members and board of directors at Friends Ispat?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Devendra Goyal  | Director | 01-Aug-1998 | Current |
| Ankit Goyal | Director | 16-Dec-2010 | Current |
| Misha Jain | Director | 26-Aug-2016 | Current |
Financial Performance of Friends Ispat.
Friends Ispat Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.62% increase. The company also saw a substantial fall in profitability, with a 90.88% decrease in profit. The company's net worth moved up by a moderate rise of 2.03%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (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 Friends Ispat?
In 2023, Friends Ispat had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Nkg Infrastructure LimitedAnkit Goyal is a mutual person
Aashiana Rolling Mills LimitedDevendra Goyal is a mutual person
Krishna Radha Metals Private LimitedAnkit Goyal is a mutual person
Charges (Loans)
₹3.40 Cr
₹0
Charges Breakdown by Lending Institutions
- Canara Bank : 2.00 Cr
- Others : 1.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jun 2022 | Others | ₹1.40 Cr | Open |
| 27 May 2000 | Canara Bank | ₹2.00 Cr | Open |
How Many Employees Work at Friends Ispat?
Friends Ispat has a workforce of 23 employees as of Apr 01, 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 Friends Ispat, 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 Friends Ispat'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.
