First Forge Limited
About First Forge Limited
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First Forge Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Nagpur Automotive Industries Private Limited. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 04 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U28910MH2004PLC207333. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹204 Cr and a paid-up capital of ₹203.33 Cr. It was formerly known as Neepaz Vforge (India) Limited and Vcube Forge (India) Limited. It is led by directors including Ajab Singh Bhati (Managing Director) and Sribhagwan Kushwaha (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Flat No.301 Shubham Tower Apartments Rpts Road Ajni Square, Nagpur, Maharashtra, India – 440015.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.48 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹4.64 Lakh (net margin 3.1%) and EBITDA of ₹6.96 Lakh (EBITDA margin 4.7%).
As per MCA filings, the company has open charges of ₹20.75 Lakh and satisfied charges of ₹281.94 Cr on record. Court records list 30 cases involving the company, including 1 filed by the company and 29 filed against it; 13 cases are pending. The company has 3 deals on record (3 acquisitions); the latest was in March 2013.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
First Forge has undergone 2 name changes throughout its history. The company was previously known as Neepaz Vforge (India) Limited, and Vcube Forge (India) Limited. The current legal name is First Forge Limited.
| Company Name | Status |
|---|---|
| First Forge Limited | Current |
| Neepaz Vforge (India) Limited | Previous |
| Vcube Forge (India) Limited | Previous |
CIN history
First Forge has one previous CIN (Corporate Identification Number): U28910PN2004PLC019589. The current CIN is U28910MH2004PLC207333, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28910MH2004PLC207333 | Current |
| U28910PN2004PLC019589 | Previous |
Contact details
First Forge Limited's registered office is in Nagpur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No.301 Shubham Tower Apartments Rpts Road Ajni Square, Nagpur, Maharashtra, India – 440015
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of First Forge 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 First Forge is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of First Forge Limited, buy the company report.
Financials of First Forge Limited
FY 2023 filings availableFirst Forge Limited reported revenue of ₹1.48 Cr (down 30% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year. EBITDA fell 67% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1.48 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹6.96 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹4.64 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.7% | ||
| Net Profit Margin | 3.1% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of First Forge Limited, buy the company report.
Board of directors of First Forge Limited
First Forge has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajab Singh Bhati Also directs: Amtek Metal & Mining Limited, Acl Industries Limited, Anurodh Suppliers & Traders Private Limited and 5 more | Managing Director | 14 Oct 2019 | 7 Years 0 Months | Current |
| Gaurav Pabby | Additional Director | 01 Jun 2018 | 8 Years 5 Months | Current |
| Pawan Kumar Sharma | Additional Director | 01 Jun 2018 | 8 Years 5 Months | Current |
| Sribhagwan Kushwaha | Managing Director | 14 Oct 2019 | 7 Years 0 Months | Current |
Auditor
First Forge Limited is audited by A C GUPTA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A C GUPTA & ASSOCIATES | FY 2017 | 008079N |
Shareholding
The shareholding of First Forge Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of First Forge Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2010 | 10240293 | Hdfc Bank Limited | ₹20.75 Lakh | Open | |
| 30 Mar 2011 | 10280339 | Canara Bank | ₹5 Lakh | Satisfied | |
| 14 Mar 2011 | 10280340 | Canara Bank | ₹10.4 Lakh | Satisfied | |
| 01 Dec 2010 | 10263112 | Canara Bank | ₹18.15 Cr | Satisfied | |
| 20 Nov 2006 | 10029877 | Canara Bank (Lead Bank) | ₹201.71 Cr | Satisfied |
To see the full charge records of First Forge Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
First Forge Limited has 3 deals on record (3 acquisitions); the latest was in March 2013.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Acquisition | ₹616.19 Cr | Buyer: Metalyst Forgings Limited Seller: First Forge Limited |
| Apr 2012 | Acquisition | ₹231.3 Cr | Buyer: Nagpur Automotive Industries Private Limited Seller: Adhunik Metaliks Limited |
| Sep 2007 | Acquisition | Undisclosed | Buyer: Adhunik Metaliks Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
First Forge Limited has 30 court cases on record: 1 filed by First Forge, 29 filed against it. 13 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 15 | 15 | 13 |
| District courts | 12 | 11 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (APO) | Filed against the company by Adhunik Metaliks Limited | Disposed |
| High Court | Arbitration matter | Filed against the company by Adhunik Metaliks Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
To see the full case history of First Forge 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 First Forge Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
First Forge has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of First Forge Limited, buy the company report.
Recent activity
First Forge Limited has 20 board changes on record since 2007: 4 appointments and 16 cessations. The latest: Pawan Kumar Sharma ceased to be Additional Director on 24 Jul 2021.
29 earlier events are in the company report.
Frequently asked questions
First Forge is an active public limited company based in Nagpur, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 04 August 2004 (22+ years old) and is registered under CIN U28910MH2004PLC207333.
First Forge has 4 current directors:
- Ajab Singh Bhati - Managing Director
- Sribhagwan Kushwaha - Managing Director
- Gaurav Pabby - Additional Director
- Pawan Kumar Sharma - Additional Director
The latest financial statements of First Forge on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. First Forge has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of First Forge is U28910MH2004PLC207333. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
First Forge has 30 court cases on record: 1 filed by the company and 29 filed against it. 13 are pending. Most are in the nclat.
First Forge was incorporated on 04 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Nagpur.
First Forge has 3 deals on record (3 acquisitions); the latest was in March 2013.
Pawan Kumar Sharma ceased to be Additional Director on 24 Jul 2021. Ajab Singh Bhati was appointed as Managing Director on 14 Oct 2019. Anuradha Kapur ceased to be Director on 14 Oct 2019. First Forge has 20 board changes on record in total.
The registered office of First Forge is at Flat No.301 Shubham Tower Apartments Rpts Road Ajni Square, Nagpur, Maharashtra, India – 440015.
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