Friends Ispat Profile
Key Indicators
- Authorised Capital ₹ 1.10 Cr
- Paid Up Capital ₹ 1.06 Cr
- Company Age 27 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- 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 three months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Friends Ispat 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 2024. 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, Misha Jain, and Ankit Goyal 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 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Metals and Minerals
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 |
| Misha Jain | Director | 26-Aug-2016 | Current |
| Ankit Goyal | Director | 16-Dec-2010 | 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
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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 Limited
Ankit Goyal is a mutual person
Charges (Loans)
Open Charges
₹3.40 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Friends Ispat
Recent activity within the organization
- Annual General Meeting
Friends Ispat Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Friends Ispat Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with Others amounted to Rs. 1.40 Cr with Charge ID 100578962 was registered on 03 Jun 2022.
- Director Appointment
Misha Naveen Jain was appointed as a Director was appointed as a Director on 26 Aug 2016 & has been associated with this company since 8 years 7 months .
- Charges
A charge with Canara Bank of Rs. 2.00 Cr registered on 27 May 2000 with Charge ID 90329319 was modified on 22 Jan 2015.
- Director Appointment
Ankit Devendrakumar Goyal was appointed as a Director was appointed as a Director on 16 Dec 2010 & has been associated with this company since 14 years 3 months .
Frequently asked questions
What is the Incorporation or founding date of Friends Ispat Limited?
Friends Ispat Limited was incorporated on 22 Dec 1997.
What is authorized share capital and paid-up capital of Friends Ispat Limited?
The authorized share capital of Friends Ispat Limited is ₹ 1.10 Cr and paid-up capital is ₹ 1.06 Cr.
Who are the current board members & directors of Friends Ispat Limited?
Currently 3 directors are associated with Friends Ispat Limited.
- Devendra Kumar Goyal
- Misha Naveen Jain
- Ankit Devendrakumar Goyal
What is the registered address of Friends Ispat Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Friends Ispat Limited is Plot No.-1502- 1503 Nr. Darpan Ispat Kerala Gidc Taluka- B Avla, India, Ahmedabad, Gujarat, 382220.
What is the corporate identification number (CIN) and company number of Friends Ispat Limited?
The corporate identification number (CIN) of Friends Ispat Limited is U27100GJ1997PLC107731 and the company number is 107731 as per Ministry of Corporate Affairs (MCA).
What is the official website of Friends Ispat Limited?
The Official website of Friends Ispat Limited is https://www.friendssteel.co.in
What has been the recent revenue trend for Friends Ispat Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Friends Ispat Limited has risen by 28.62%.
How many employees does Friends Ispat Limited currently have?
As Per 2023 financial reports, 23 employees are currently employed by Friends Ispat Limited.
What change has been observed in the net worth of Friends Ispat Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Friends Ispat Limited has experienced an upsurge of 2.03%.
What are the total open charges for Friends Ispat Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Friends Ispat Limited amount to ₹ 3.40 Cr.
When was the last Balance Sheet of Friends Ispat Limited filed with the ROC?
The most recent Balance Sheet for Friends Ispat Limited was filed with the ROC on 31 Mar 2024.
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