Itares Shoes Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
as on 30-07-2024
- Paid Up Capital ₹ 8.54 Cr
as on 30-07-2024
- Company Age 18 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 40.00 Cr
as on 30-07-2024
- Satisfied Charges ₹ 15.75 Cr
as on 30-07-2024
- Revenue 20.16%
(FY 2023)
- Profit 138.00%
(FY 2023)
- Ebitda 19.98%
(FY 2023)
- Net Worth -2.11%
(FY 2023)
- Total Assets -3.92%
(FY 2023)
About Itares Shoes
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 2023. 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.
- CIN/LLPIN
U19201TN2006PTC060594
- Company No.
060594
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
19 Jul 2006
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media-
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
| Metric |
| (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 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 LimitedActive 18 years 6 daysBangi Ifthikar and Giorgio Marcoaldi are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 16 Jun 2020 | ₹40.00 Cr | Open |
Deutsche Bank Ag Creation Date: 29 May 2014 | ₹9.00 Cr | Satisfied |
The Royal Bank Of Scotland N.V. Creation Date: 23 Jul 2012 | ₹3.75 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.
