About Florind Shoes Private Limited
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Florind Shoes Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 04 September 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U19201TN1978PTC007590. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹50 Cr. It is led by directors Ashokmehta Kamalchand and Harun Halder.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No.5/19 II Floor E.K.Guru Street Periamet, Chennai, Tamil Nadu, India – 600003.
As per the financials filed for FY 2018, the company reported a revenue of ₹8.4 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹35.09 Cr (net margin -417.6%) and EBITDA of -₹30.99 Cr (EBITDA margin -368.7%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹75.53 Cr and satisfied charges of ₹6.15 Cr on record. Court records list 76 cases involving the company, including 28 filed by the company and 49 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website kargrp.com.
Company details
Contact details
Florind Shoes Private Limited's registered office is in Chennai, Tamil Nadu. Its website is kargrp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.5/19 II Floor E.K.Guru Street Periamet, Chennai, Tamil Nadu, India – 600003
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Florind Shoes Private 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 Florind Shoes is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Florind Shoes Private Limited, buy the company report.
Financials of Florind Shoes Private Limited
FY 2018 filings availableFlorind Shoes Private Limited reported revenue of ₹8.4 Cr (down 84% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 55% over three years, including a 84% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹8.4 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹30.99 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹35.09 Cr | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -368.7% | |||
| Net Profit Margin | -417.6% | |||
| 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 Florind Shoes Private Limited, buy the company report.
Board of directors of Florind Shoes Private Limited
Florind Shoes has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashokmehta Kamalchand Also directs: Bhansali Chemicals Private Limited | Additional Director | 18 Dec 2023 | 2 Years 10 Months | Current |
| Harun Halder | Additional Director | 18 Dec 2023 | 2 Years 10 Months | Current |
Shareholding
The shareholding of Florind Shoes Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Florind Shoes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 1986 | 90287171 | State Bank of India | ₹73.98 Cr | Open | |
| 10 Dec 1979 | 90299171 | Bank of America National Trust & Saving Association | ₹35 Lakh | Open | |
| 12 Jul 1979 | 90299153 | State Industries Promotion Corporation of Tamilnadu | ₹90 Lakh | Open | |
| 21 Jun 1979 | 90303165 | Bank of America National Trust & Saving Association | ₹30 Lakh | Open | |
| 30 Nov 2015 | 10611266 | Religare Finvest Limited | ₹6.15 Cr | Satisfied |
To see the full charge records of Florind Shoes Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Florind Shoes Private Limited has 76 court cases on record: 28 filed by Florind Shoes, 49 filed against it. 5 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 37 | 0 |
| High courts | 28 | 5 | 2 |
| NCLT | 4 | 2 | 1 |
| NCLAT | 3 | 3 | 2 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 76)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed against the company by Bostik India Pvt Ltd | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by Florind Shoes Pvt Ltd and 2 others | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company against Florind Shoes Pvt Ltd and 1 other | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Religare Finvest Ltd., Chennai Branch | Disposed |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Assistant Commissioner St | Pending |
To see the full case history of Florind Shoes Private 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 Florind Shoes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Florind Shoes has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Florind Uppers Private Limited | U19116TN2006PTC059768 |
To see the full group structure of Florind Shoes Private Limited, buy the company report.
Employees & EPFO
Florind Shoes Private Limited has a workforce of 4 employees on its EPFO records as of Dec 2016, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2016-17 | 4 |
| FY 2015-16 | |
| FY 2014-15 |
To see the full employee and EPFO history of Florind Shoes Private Limited, buy the company report.
GST
Florind Shoes has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Florind Shoes Private Limited, buy the company report.
Recent activity
Florind Shoes Private Limited has 8 board changes on record since 2016: 2 appointments and 6 cessations. The latest: Kandrikar Shahid Mansoor ceased to be Managing Director on 03 Jan 2024.
9 earlier events are in the company report.
Frequently asked questions
Florind Shoes is an active private limited company based in Chennai, Tamil Nadu, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 04 September 1978 (48+ years old) and is registered under CIN U19201TN1978PTC007590.
Florind Shoes has 2 current directors:
- Ashokmehta Kamalchand - Additional Director
- Harun Halder - Additional Director
The latest financial statements of Florind Shoes on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Florind Shoes has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Florind Shoes is U19201TN1978PTC007590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Florind Shoes has 76 court cases on record: 28 filed by the company and 49 filed against it. 5 are pending. Most are in the district courts.
Florind Shoes was incorporated on 04 September 1978, making it 48+ years old. It is registered with the Registrar of Companies, Chennai.
Kandrikar Shahid Mansoor ceased to be Managing Director on 03 Jan 2024. Ashokmehta Kamalchand was appointed as Additional Director on 18 Dec 2023. Harun Halder was appointed as Additional Director on 18 Dec 2023. Florind Shoes has 8 board changes on record in total.
Florind Shoes can be reached through the website kargrp.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Florind Shoes is at No.519 II Floor E.K.Guru Street Periamet, Chennai, Tamil Nadu, India – 600003.
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