Flag Synthetics Limited
About Flag Synthetics Limited
Data last updated:
Flag Synthetics Limited was a public limited company based in Indore, Madhya Pradesh, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 25 March 1994.
The company was registered with the Registrar of Companies (ROC), Gwalior, under CIN U17297MP1994PLC008213.
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It was led by directors including Prasanna Kasliwal and Amit Jhanwar.
Its last annual general meeting (AGM) was held on 23 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 101 Gold Star Building 576 M.G. Road Opp. Treasure Island, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.71 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹75,762 (net margin 44.3%) and EBITDA of ₹1.02 Lakh (EBITDA margin 59.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 4% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Flag Synthetics Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address101 Gold Star Building 576 M.G. Road Opp. Treasure Island, Indore, Madhya Pradesh, India – 452001
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Flag Synthetics Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Flag Synthetics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
Financials of Flag Synthetics Limited
FY 2022 filings availableFlag Synthetics Limited reported revenue of ₹1.71 Lakh (up 6% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 6% growth in the latest year. EBITDA rose 16% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹1.02 Lakh | ||||
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| Net Profit (PAT) | ₹75,762 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 59.9% | ||||
| Net Profit Margin | 44.3% | ||||
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To see the full financial statements and ratios of Flag Synthetics Limited, buy the company report.
Board of directors of Flag Synthetics Limited
Flag Synthetics has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasanna Kasliwal | Director | 01 Nov 2017 | 8 Years 11 Months | As last reported |
| Amit Jhanwar | Director | 16 Nov 2017 | 8 Years 11 Months | As last reported |
| Brahaspati Bhatt Also directs: Vyanktesh Industrial Solutions Private Limited, Patni Industries Ltd, Shriniwas Polyfabrics and Packwell Private Limited and 1 more | Director | 01 Nov 2017 | 8 Years 11 Months | As last reported |
Peer comparison
Flag Synthetics Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KBS Exim Private Limited | ₹1.72 Lakh (FY 2025) | -83.0% | Mumbai, Maharashtra, India | |||
| Udghatan Reseller Services Private Limited | ₹1.72 Lakh (FY 2023) | -96.0% | Surat, Gujarat, India | |||
| Flag Synthetics Limitedthis company | ₹1.71 Lakh (FY 2022) | ₹75,762 | 44.3% | 6.0% | Indore, Madhya Pradesh, India | |
| Maukka Exports Private Limited | ₹1.71 Lakh (FY 2022) | 1894.0% | New Delhi, Delhi, India |
To see the full peer comparison of Flag Synthetics Limited, buy the company report.
Auditor
Flag Synthetics Limited is audited by Nilesh Subhash Agrawal & Associates for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nilesh Subhash Agrawal & Associates | FY 2021 | 011427C |
Shareholding
The shareholding of Flag Synthetics Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Flag Synthetics Limited, buy the company report.
Legal cases
Flag Synthetics Limited has 2 court cases on record: 2 filed by Flag Synthetics. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Indore | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Indore | Petition | Filed by the company | Disposed |
To see the full case history of Flag Synthetics Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Flag Synthetics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Flag Synthetics Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Flag Synthetics Limited has 9 board changes on record since 2017: 3 appointments and 6 cessations. The latest: Amit Jhanwar ceased to be Additional Director on 12 Mar 2018.
Frequently asked questions
Flag Synthetics has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Flag Synthetics was a public limited company based in Indore, Madhya Pradesh, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 25 March 1994 and is registered under CIN U17297MP1994PLC008213. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Flag Synthetics was incorporated on 25 March 1994. It is registered with the Registrar of Companies, Gwalior.
Flag Synthetics had 3 directors:
- Prasanna Kasliwal - Director
- Amit Jhanwar - Director
- Brahaspati Bhatt - Director
The CIN (Corporate Identification Number) of Flag Synthetics is U17297MP1994PLC008213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Flag Synthetics is at 101 Gold Star Building 576 M.G. Road Opp. Treasure Island, Indore, Madhya Pradesh, India – 452001.
The latest financial statements of Flag Synthetics on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 23 September 2022. Year-wise statements from 2015 are in the company report.
Flag Synthetics operated in the home and lifestyle industry, in the textile retail and distribution segment.
The peers of Flag Synthetics by revenue are KBS Exim Private Limited, Udghatan Reseller Services Private Limited, Maukka Exports Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Flag Synthetics has 2 court cases on record: 2 filed by the company.
Amit Jhanwar ceased to be Additional Director on 12 Mar 2018. Brahaspati Bhatt ceased to be Additional Director on 12 Mar 2018. Prasanna Kasliwal ceased to be Additional Director on 12 Mar 2018. Flag Synthetics has 9 board changes on record in total.
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