MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-UP-28-0024348
Forever Automobiles Private Limited
Forever Automobiles Private Limited - automobile in Noida, Uttar Pradesh, India. Directors, charges & compliance details.
Revenue · FY 2022
₹52.65 Lakh
▲ 489% YoY
Net profit · FY 2022
₹35.84 Lakh
Net margin 68.1%
EBITDA · FY 2022
₹45.3 Lakh
EBITDA margin 86%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Forever Automobiles Private Limited
Data last updated:
Forever Automobiles Private Limited was a private limited company based in Noida, Uttar Pradesh, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the automotive segment of the automobiles sector. It was incorporated on 15 December 2015.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U50102UP2015PTC075090. Its GSTIN is 09AACCF7111N1ZG (Uttar Pradesh).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Vijay Kumar Aggarwal and Asha Aggarwal.
Its last annual general meeting (AGM) was held on 27 August 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at B – 1A/36 Sector – 51, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2022, the company reported a revenue of ₹52.65 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹35.84 Lakh (net margin 68.1%) and EBITDA of ₹45.3 Lakh (EBITDA margin 86%). Revenue has grown at a compounded annual rate (CAGR) of 256% over three years and 170% over five years.
Forever Automobiles Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0024348).
Company details
CIN U50102UP2015PTC075090
Registration Number 075090
Incorporation Date 15 December 2015
ROC Kanpur
Listing Status Unlisted
Company Status Converted to LLP
Date of Last AGM 27 August 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-UP-28-0024348
Recognitions & Rankings of Forever Automobiles
Contact details
Forever Automobiles Private Limited's registered office is in Noida, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 1A/36 Sector – 51, Noida, Uttar Pradesh, India – 201301
- IndustryAutomobile, Automotive
To see the full contact details of Forever Automobiles Private Limited, buy the company report.
Comprehensive company report
Forever Automobiles Private Limited - one report that includes everything
- 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
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Financials of Forever Automobiles Private Limited
FY 2022 filings availableForever Automobiles Private Limited reported revenue of ₹52.65 Lakh (up 489% YoY) for FY 2022.
Revenue · FY 2022
₹52.65 Lakh ▲ 489%
Net profit · FY 2022
₹35.84 Lakh margin 68.1%
EBITDA · FY 2022
₹45.3 Lakh margin 86%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 489%
3 years · compounded
▲ 256%
5 years · compounded
▲ 170%
EBITDA CAGR growth
3 years · compounded
▲ 352%
5 years · compounded
▲ 325%
Revenue has grown at a compounded annual rate (CAGR) of 170% over five years, including 489% growth 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹45.3 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.84 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 86% | ||||
| Net Profit Margin | 68.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Forever Automobiles Private Limited, buy the company report.
Board of directors of Forever Automobiles Private Limited
Forever Automobiles has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Aggarwal Also directs: Forever Infrabuild India LLP, Stingo Infrastructures LLP, Sea View Infratech LLP and 5 more | Director | 22 Feb 2016 | 10 Years 8 Months | As last reported |
| Asha Aggarwal | Director | 22 Feb 2016 | 10 Years 8 Months | As last reported |
Auditor
Forever Automobiles Private Limited is audited by GOYAL MALHOTRA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL MALHOTRA & ASSOCIATES | FY 2018 | 008015C |
Shareholding
The shareholding of Forever Automobiles Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Forever Automobiles Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Forever Automobiles Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Forever Automobiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Forever Automobiles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCF7111N1ZG | Uttar Pradesh | Active | 07 Dec 2018 |
To see the full GST registrations and return filing status of Forever Automobiles Private Limited, buy the company report.
Recent activity
Forever Automobiles Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Ishwar Singh Jakhar ceased to be Director on 14 Mar 2016.
AGM
Forever Automobiles Private Limited last Annual general meeting of members was held on 27 Aug 2022 as per latest MCA records.
Filing
Forever Automobiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Kanpur.
Ceased
Ishwar Singh Jakhar ceased to be Director.
Ceased
Parkash Veer Singh ceased to be Director.
Appointed
Asha Aggarwal was appointed as Director.
Appointed
Vijay Kumar Aggarwal was appointed as Director.
Incorporation
15 Dec 2015
Forever Automobiles Private Limited was registered on 15 Dec 2015 with Roc Kanpur & aged 10 years 10 months as per MCA records.
Frequently asked questions
Forever Automobiles has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Forever Automobiles was a private limited company based in Noida, Uttar Pradesh, India. The company worked in automotive, within the automobile industry. It was incorporated on 15 December 2015 and is registered under CIN U50102UP2015PTC075090. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Forever Automobiles is U50102UP2015PTC075090. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forever Automobiles had 2 directors:
- Vijay Kumar Aggarwal - Director
- Asha Aggarwal - Director
Forever Automobiles was incorporated on 15 December 2015. It is registered with the Registrar of Companies, Kanpur.
Yes, Forever Automobiles is registered as a micro enterprise under Udyam registration (number: UDYAM-UP-28-0024348).
The registered office of Forever Automobiles is at B – 1A36 Sector – 51, Noida, Uttar Pradesh, India – 201301.
The latest financial statements of Forever Automobiles on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 27 August 2022. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Forever Automobiles is 09AACCF7111N1ZG, registered in Uttar Pradesh.
Forever Automobiles operated in the automobile industry, in the automotive segment.
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