Honest Shipping Private Limited

Provides shipping services including freight forwarding, clearing, and ancillary services.

2021 | Kachchh, Gujarat (India) | Active
Last Updated: January 08, 2025

Honest Shipping Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 4 Year, 5 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.65 M
  • Satisfied Charges ₹ 4.50 M
  • Revenue Growth 2066.21%
  • Profit Growth 152.01%
  • Ebitda 188.13%
  • Net Worth 46.38%
  • Total Assets 113.49%

About Honest Shipping

Honest Shipping Private Limited (HSPL) is a Private Limited Indian Non-Government Company incorporated in India on 25 January 2021 (Four years 5 days old ). Its registered office is in Kachchh, Gujarat, India.

The Company is engaged in the Transport And Logistics 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 0.50 M and a paid-up capital of Rs 0.50 M.

The company currently has active open charges totaling ₹4.65 M. The company has closed loans amounting to ₹4.50 M, as per Ministry of Corporate Affairs (MCA) records.

Hardik Chhabhaiya and Sagarkumar Chhabhaiya serve as directors at the Company.

Company Details

  • Location

    Kachchh, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U60231GJ2021PTC119748

  • Company No.

    119748

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Jan 2021

  • Date of AGM

    09 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Transport and Logistics

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

Board Members (2)

Name Designation Appointment Date Status
Hardik Chhabhaiya Country flag representing In Director 25-Jan-2021 Current
Sagarkumar Chhabhaiya Country flag representing In Director 04-Aug-2022 Current

Financial Performance of Honest Shipping.

Honest Shipping Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 2066.21% increase. The company also saw a substantial improvement in profitability, with a 152.01% increase in profit. The company's net worth Soared by an impressive increase of 46.38%.

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
2066.21%
Revenue from Operations
2066.21%
Total Assets
113.49%
Profit or Loss
152.01%
Net Worth
46.38%
EBITDA
188.13%

What is the Ownership and Shareholding Structure of Honest Shipping?

In 2022, Honest Shipping 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

₹4.65 M

Satisfied Charges

₹4.50 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.47 Cr

Latest Charge Details

Date Lender Amount Status
19 Oct 2023 Hdfc Bank Limited ₹4.65 M Open
04 Nov 2022 Others ₹4.50 M Satisfied

How Many Employees Work at Honest Shipping?

Honest Shipping has a workforce of 0 employees as of Mar 30, 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 Shipping, 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 Shipping'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 Shipping

Recent activity within the organization

  • Annual General Meeting

    Honest Shipping Private Limited last Annual general meeting of members was held on 09 Sep 2024 as per latest MCA records.

    09 Sep 2024

  • Charges

    A charge with Hdfc Bank Limited of Rs. 4.65 M registered on 19 Oct 2023 with Charge ID 100839561 was modified on 05 Aug 2024.

    05 Aug 2024

  • Balance Sheet

    Honest Shipping Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

    31 Mar 2024

  • Charges

    A charge registered on 04 Nov 2022 via Charge ID 100654885 with Others was fully satisfied on 09 Nov 2023.

    09 Nov 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 4.65 M with Charge ID 100839561 was registered on 19 Oct 2023.

    19 Oct 2023

  • Charges

    A charge with Others amounted to Rs. 4.50 M with Charge ID 100654885 was registered on 04 Nov 2022.

    04 Nov 2022

Frequently asked questions

  • Honest Shipping Private Limited was incorporated on 25 Jan 2021.

  • The authorized share capital of Honest Shipping Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.50 M.

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

    • Hardik Bhavanjibhai Chhabhaiya
    • Sagarkumar Bhavanji Chhabhaiya
  • As per Ministry of Corporate Affairs (Mca), the registered address of Honest Shipping Private Limited is City Mall Complex Office No F-9 Baroi Road First Floor, India, Mundra, Gujarat, 370421.

  • The corporate identification number (CIN) of Honest Shipping Private Limited is U60231GJ2021PTC119748 and the company number is 119748 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Honest Shipping Private Limited is https://www.honest-shipping.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Honest Shipping Private Limited has risen by 2066.21%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Honest Shipping Private Limited has experienced an upsurge of 46.38%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Honest Shipping Private Limited amount to ₹ 4.65 M.

  • The most recent Balance Sheet for Honest Shipping Private Limited was filed with the ROC on 31 Mar 2024.

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