Itares Shoes Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 8.54 Cr
- Company Age 18 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 40.00 Cr
- Satisfied Charges ₹ 15.75 Cr
- Revenue Growth 20.16%
- Profit Growth 138.00%
- Ebitda 19.98%
- Net Worth -2.11%
- Total Assets -3.92%
About Itares Shoes
Itares Shoes Private Limited (ISPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 19 July 2006 and has a history of 18 years and ten months. Its registered office is in Chennai, Tamil Nadu, India.
The Company is engaged in the Consumer Goods 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 10.00 Cr and a paid-up capital of Rs 8.54 Cr.
The company currently has active open charges totaling ₹40.00 Cr. The company has closed loans amounting to ₹15.75 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bangi Ifthikar and Giorgio Marcoaldi serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U19201TN2006PTC060594
- Company No.
060594
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
19 Jul 2006
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Consumer Goods
Itares Shoes Private Limited
Explore comprehensive data for Itares Shoes Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Itares Shoes?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bangi Ifthikar  | Director | 11-Dec-2006 | Current |
Giorgio Marcoaldi  | Director | 09-Nov-2021 | Current |
Financial Performance of Itares Shoes.
Itares Shoes Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 20.16% increase. The company also saw a substantial improvement in profitability, with a 138% increase in profit. The company's net worth dipped by a decrease of 2.11%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Itares Shoes?
In 2023, Itares Shoes 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)
- Respoint Shoes Private Limited
Bangi Ifthikar and Giorgio Marcoaldi are mutual person
Charges (Loans)
Open Charges
₹40.00 Cr
Satisfied Charges
₹15.75 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 40.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jun 2020 | Axis Bank Limited | ₹40.00 Cr | Open |
| 29 May 2014 | Deutsche Bank Ag | ₹9.00 Cr | Satisfied |
| 23 Jul 2012 | The Royal Bank Of Scotland N.V. | ₹3.75 Cr | Satisfied |
| 22 Jun 2011 | The Royal Bank Of Scotland N.V. | ₹3.00 Cr | Satisfied |
How Many Employees Work at Itares Shoes?
Itares Shoes has a workforce of 1153 employees as of Apr 05, 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 Itares Shoes, 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 Itares Shoes'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 Itares Shoes
Recent activity within the organization
- Annual General Meeting
Itares Shoes Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Itares Shoes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Director Appointment
Giorgio Marcoaldi was appointed as a Director was appointed as a Director on 09 Nov 2021 & has been associated with this company since 3 years 6 months .
- Charges
A charge with Axis Bank Limited of Rs. 40.00 Cr registered on 16 Jun 2020 with Charge ID 100351169 was modified on 06 Jul 2020.
- Charges
A charge with Axis Bank Limited amounted to Rs. 40.00 Cr with Charge ID 100351169 was registered on 16 Jun 2020.
- Charges
A charge registered on 29 May 2014 via Charge ID 10510512 with Deutsche Bank Ag was fully satisfied on 18 Dec 2017.
Frequently asked questions
What is the Incorporation or founding date of Itares Shoes Private Limited?
Itares Shoes Private Limited was incorporated on 19 Jul 2006.
What is authorized share capital and paid-up capital of Itares Shoes Private Limited?
The authorized share capital of Itares Shoes Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 8.54 Cr.
Who are the current board members & directors of Itares Shoes Private Limited?
Currently 2 directors are associated with Itares Shoes Private Limited.
- Bangi Mohammed Ifthikar
- Giorgio Marcoaldi
What is the registered address of Itares Shoes Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Itares Shoes Private Limited is No.32 First Floor Hyder Garden 3Rd Street, Perambur Barrac Ks India, Chennai, Tamil Nadu, 600012.
What is the corporate identification number (CIN) and company number of Itares Shoes Private Limited?
The corporate identification number (CIN) of Itares Shoes Private Limited is U19201TN2006PTC060594 and the company number is 060594 as per Ministry of Corporate Affairs (MCA).
What is the official website of Itares Shoes Private Limited?
The Official website of Itares Shoes Private Limited is https://www.itaresshoes.com
What has been the recent revenue trend for Itares Shoes Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Itares Shoes Private Limited has risen by 20.16%.
How many employees does Itares Shoes Private Limited currently have?
As Per 2023 financial reports, 1153 employees are currently employed by Itares Shoes Private Limited.
What change has been observed in the net worth of Itares Shoes Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Itares Shoes Private Limited has experienced an downturn of -2.11%.
What are the total open charges for Itares Shoes Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Itares Shoes Private Limited amount to ₹ 40.00 Cr.
When was the last Balance Sheet of Itares Shoes Private Limited filed with the ROC?
The most recent Balance Sheet for Itares Shoes Private Limited was filed with the ROC on 31 Mar 2024.
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