FNL Aac Block Private Limited
About FNL Aac Block Private Limited
Data last updated:
FNL Aac Block Private Limited was a private limited company based in Surat, Gujarat, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the construction materials segment of the manufacturing sector. It was incorporated on 03 January 2013.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26931GJ2013PTC073245. Its GSTIN is 24AACCF1238J1ZW (Gujarat).
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It was led by directors Rayomand Adil Shethna and Firuzi Rayomand Shethna.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Block No 294 Near Vadoli Circle Besides Fnl Brick Works Vadoli Olpad, Surat, Gujarat, India – 394110.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.49 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹47.6 Lakh (net margin -13.6%) and EBITDA of ₹18.06 Lakh (EBITDA margin 5.2%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
As per MCA filings, the company had open charges of ₹33.3 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.49 Cr; the latest was in April 2016. Its 3 peer companies in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 3 smaller; the largest is Designedge Concrete Products Private Limited with revenue of ₹3.49 Cr.
Company details
Contact details
FNL Aac Block Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBlock No 294 Near Vadoli Circle Besides Fnl Brick Works Vadoli Olpad, Surat, Gujarat, India – 394110
- IndustryManufacturing, Construction Materials
To see the full contact details of FNL Aac Block 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 FNL Aac Block is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of FNL Aac Block Private Limited, buy the company report.
Financials of FNL Aac Block Private Limited
FY 2019 filings availableFNL Aac Block Private Limited reported revenue of ₹3.49 Cr (down 36% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 36% fall in the latest year. EBITDA fell 71% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.49 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.06 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹47.6 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | ||||
| Net Profit Margin | -13.6% | ||||
| 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 FNL Aac Block Private Limited, buy the company report.
Board of directors of FNL Aac Block Private Limited
FNL Aac Block has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rayomand Adil Shethna | Director | 03 Jan 2013 | 13 Years 9 Months | As last reported |
| Firuzi Rayomand Shethna | Director | 03 Jan 2013 | 13 Years 9 Months | As last reported |
Peer comparison
FNL Aac Block Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| FNL Aac Block Private Limitedthis company | ₹3.49 Cr (FY 2019) | -₹47.6 Lakh | -13.6% | -36.0% | Surat, Gujarat, India | |
| Designedge Concrete Products Private Limited | ₹3.49 Cr (FY 2025) | -10.0% | Thrissur, Kerala, India | |||
| Earth Blocks India Private Limited | ₹3.45 Cr (FY 2024) | 142.0% | Bangalore, Karnataka, India | |||
| Naimish Infrastructure Private Limited | ₹3.45 Cr (FY 2024) | -48.0% | Sitapur, Uttar Pradesh, India |
To see the full peer comparison of FNL Aac Block Private Limited, buy the company report.
Auditor
FNL Aac Block Private Limited is audited by D C JARIWALA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D C JARIWALA & CO | FY 2019 | 104063W |
Shareholding
The shareholding of FNL Aac Block Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of FNL Aac Block Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2014 | 10486247 | Bank of India | ₹16.65 Cr | Open | |
| 13 Mar 2014 | 10485339 | Bank of India | ₹16.65 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
FNL Aac Block Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.49 Cr; the latest was in April 2016.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹1.49 Cr | Investors: 4 individuals |
To see the full deal history of FNL Aac Block Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
FNL Aac Block Private Limited has 7 court cases on record: 3 filed by FNL Aac Block, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd. Through Autho. Officer , Mr. Devang B. Gosai | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against individuals | Disposed |
| District court, SURAT, Gujarat | Court case (CR RA) | Filed by the company against individuals | Disposed |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed by the company against The Chairman and Managing Director,Bank of India and 1 other | Disposed |
To see the full case history of FNL Aac Block 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 FNL Aac Block Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
FNL Aac Block has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCF1238J1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of FNL Aac Block Private Limited, buy the company report.
Recent activity
FNL Aac Block Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Firuzi Rayomand Shethna was appointed as Director on 03 Jan 2013.
Frequently asked questions
FNL Aac Block has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
FNL Aac Block was a private limited company based in Surat, Gujarat, India. The company worked in construction materials, within the manufacturing industry. It was incorporated on 03 January 2013 and is registered under CIN U26931GJ2013PTC073245. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
FNL Aac Block was incorporated on 03 January 2013. It is registered with the Registrar of Companies, Ahmedabad.
FNL Aac Block had 2 directors:
- Rayomand Adil Shethna - Director
- Firuzi Rayomand Shethna - Director
The CIN (Corporate Identification Number) of FNL Aac Block is U26931GJ2013PTC073245. 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 FNL Aac Block is at Block No 294 Near Vadoli Circle Besides Fnl Brick Works Vadoli Olpad, Surat, Gujarat, India – 394110.
The latest financial statements of FNL Aac Block on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of FNL Aac Block is 24AACCF1238J1ZW, registered in Gujarat.
FNL Aac Block operated in the manufacturing industry, in the construction materials segment.
FNL Aac Block has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.49 Cr; the latest was in April 2016.
The peers of FNL Aac Block by revenue are Designedge Concrete Products Private Limited, Earth Blocks India Private Limited, Naimish Infrastructure Private Limited, all in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
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