Honest Derivatives Private Limited

Produces various maize-based products such as starches, glucose, and maltodextrin in Maharashtra.

2007 | Ahmedabad, Gujarat (India) | Under Insolvency
Last Updated: January 17, 2025

Honest Derivatives Profile

Key Indicators

  • Authorised Capital ₹ 26.50 Cr
  • Paid Up Capital ₹ 24.14 Cr
  • Company Age 17 Year, 7 Months
  • Last Filing with ROC 31 Mar 2020
  • Open Charges ₹ 223.08 Cr
  • Revenue Growth 3.94%
  • Profit Growth -903.77%
  • Ebitda -127.73%
  • Net Worth -37.12%
  • Total Assets -15.84%

About Honest Derivatives

Honest Derivatives Private Limited (HDPL) is Under Cirp company established on 05 Jul 2007 with its office registered at Ahmedabad, Gujarat, India and has been running since 17 Year, 7 Months with a paid up capital of 24.14 Cr. According to MCA records, 2 Directors are linked to this company as of 17 Jan 2025.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    honestglobal.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U93000GJ2007PTC051271

  • Company No.

    051271

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    05 Jul 2007

  • Date of AGM

    29 Oct 2022

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Food and Beverages

What products or services does Honest Derivatives Private Limited offer?

Honest Derivatives Private Limited offers a wide range of products and services, including Nutraceuticals & Dietary Supplements, Nutritional Supplements, Weight Gain Nutrition, Maltodextrin Powder, Flavours & Aromatics, Starch Powder, Corn Germ, Food Grains, Maize Bran, Bird Food, Poultry & Animal Food.

Who are the key members and board of directors at Honest Derivatives?

Board Members (2)

NameDesignationAppointment DateStatus
Rajratan Agarwal Country flag representing In Director 22-Jan-2010Current
Nidhi Agarwal Country flag representing In Director 22-Jan-2010Current

Financial Performance of Honest Derivatives.

Honest Derivatives Private Limited, for the financial year ended 2019, experienced modest growth in revenue, with a 3.94% increase. The company also saw a substantial fall in profitability, with a 903.77% decrease in profit. The company's net worth observed a substantial decline by a decrease of 37.12%.

Graph illustrating revenue growth over time
Graph showing 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
3.94%
Revenue from Operations
3.95%
Total Assets
-15.84%
Profit or Loss
-903.77%
Net Worth
-37.12%
EBITDA
-127.73%

What is the Ownership and Shareholding Structure of Honest Derivatives?

In 2019, Honest Derivatives had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹223.08 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 194.08 Cr
  • Others : 29.00 Cr

Latest Charge Details

DateLenderAmountStatus
10 Jan 2018Others₹21.00 CrOpen
19 Dec 2017Others₹8.00 CrOpen
08 Sep 2008State Bank Of India₹97.04 CrOpen
08 Sep 2008State Bank Of India₹97.04 CrOpen

How Many Employees Work at Honest Derivatives?

Honest Derivatives has a workforce of 234 employees as of Mar 22, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Honest Derivatives, 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 Honest Derivatives'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 Honest Derivatives

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 21.00 Cr registered on 10 Jan 2018 with Charge ID 100158010 was modified on 16 Dec 2022.

    16 Dec 2022

  • Annual General Meeting

    Honest Derivatives Private Limited last Annual general meeting of members was held on 29 Oct 2022 as per latest MCA records.

    29 Oct 2022

  • Balance Sheet

    Honest Derivatives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Ahmedabad.

    31 Mar 2020

  • Charges

    A charge with Others amounted to Rs. 21.00 Cr with Charge ID 100158010 was registered on 10 Jan 2018.

    10 Jan 2018

  • Charges

    A charge with Others amounted to Rs. 8.00 Cr with Charge ID 100159889 was registered on 19 Dec 2017.

    19 Dec 2017

  • Charges

    A charge with State Bank Of India of Rs. 97.04 Cr registered on 08 Sep 2008 with Charge ID 10125099 was modified on 13 Oct 2017.

    13 Oct 2017

Frequently asked questions

  • Honest Derivatives Private Limited was incorporated on 05 Jul 2007.

  • The authorized share capital of Honest Derivatives Private Limited is ₹ 26.50 Cr and paid-up capital is ₹ 24.14 Cr.

  • Currently 2 directors are associated with Honest Derivatives Private Limited.

    • Rajratan Babulal Agarwal
    • Nidhi Rajratan Agarwal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Honest Derivatives Private Limited is E-43 Second Floor Sumel Business Park Near New Cloth Market Outside Raipur Te, India, Ahmedabad, Gujarat, 380002.

  • The corporate identification number (CIN) of Honest Derivatives Private Limited is U93000GJ2007PTC051271 and the company number is 051271 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Honest Derivatives Private Limited is https://www.honestglobal.com

  • According to the financial reports for the fiscal year 2019, the revenue trend for Honest Derivatives Private Limited has risen by 3.94%.

  • As Per 2019 financial reports, 234 employees are currently employed by Honest Derivatives Private Limited.

  • The financial reports for the fiscal year 2019 indicates that The net worth of Honest Derivatives Private Limited has experienced an downturn of -37.12%.

  • As per the financial statements for fiscal Year 2019, The total open charges for Honest Derivatives Private Limited amount to ₹ 223.08 Cr.

  • The most recent Balance Sheet for Honest Derivatives Private Limited was filed with the ROC on 31 Mar 2020.

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