Formosa Industries Limited
About Formosa Industries Limited
Data last updated:
Formosa Industries Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 59(8) 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 plastic-based products segment of the manufacturing sector. It was incorporated on 30 January 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U25202MH2006PLC159317.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹5 Lakh. It was led by directors including Sushil Santlal Agarwal and Babita Sushil Agarwal.
Its last annual general meeting (AGM) was held on 15 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Govind Building 5th Floor 124/140 Princess Street, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2020, the company reported a revenue of ₹32,000, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6,431 (net margin 20.1%) and EBITDA of ₹6,661 (EBITDA margin 20.8%).
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Formosa Industries Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGovind Building 5th Floor 124/140 Princess Street, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Formosa Industries 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 Formosa Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Formosa Industries Limited, buy the company report.
Financials of Formosa Industries Limited
FY 2020 filings availableFormosa Industries Limited reported revenue of ₹32,000 (up 540% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 540% in the latest year. EBITDA rose 113% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹6,661 | ||||
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| Net Profit (PAT) | ₹6,431 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.8% | ||||
| Net Profit Margin | 20.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Formosa Industries Limited, buy the company report.
Board of directors of Formosa Industries Limited
Formosa Industries has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Santlal Agarwal | Director | 01 Aug 2018 | 8 Years 3 Months | As last reported |
| Babita Sushil Agarwal Also directs: Venus Tech Plastic LLP, Refined Education Private Limited | Director | 01 Aug 2018 | 8 Years 3 Months | As last reported |
| Lunkaran Mahaveer Prasad Kyal Also directs: Ananya Impex Private Limited | Director | 28 Nov 2016 | 9 Years 11 Months | As last reported |
Auditor
Formosa Industries Limited is audited by A M S & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A M S & CO | FY 2019 | 130878W |
Shareholding
The shareholding of Formosa Industries 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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Formosa Industries Limited, buy the company report.
Legal cases
Formosa Industries Limited has 1 court case on record: 1 filed by Formosa Industries. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Formosa Industries 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 Formosa Industries 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 Formosa Industries Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Formosa Industries Limited has 13 board changes on record since 2010: 3 appointments and 10 cessations. The latest: Anil Kashiram Sonavane ceased to be Additional Director on 11 Mar 2019.
4 earlier events are in the company report.
Frequently asked questions
Formosa Industries has been "Dissolved Under Section 59(8)" 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.
Formosa Industries was a public limited company based in Mumbai, Maharashtra, India. The company worked in plastic-based products, within the manufacturing industry. It was incorporated on 30 January 2006 and is registered under CIN U25202MH2006PLC159317. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Formosa Industries was incorporated on 30 January 2006. It is registered with the Registrar of Companies, Mumbai.
Formosa Industries had 3 directors:
- Sushil Santlal Agarwal - Director
- Babita Sushil Agarwal - Director
- Lunkaran Mahaveer Prasad Kyal - Director
The CIN (Corporate Identification Number) of Formosa Industries is U25202MH2006PLC159317. 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 Formosa Industries is at Govind Building 5th Floor 124140 Princess Street, Mumbai, Maharashtra, India – 400002.
The latest financial statements of Formosa Industries on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 15 September 2020. Year-wise statements from 2015 are in the company report.
Formosa Industries operated in the manufacturing industry, in the plastic-based products segment.
Formosa Industries has 1 court case on record: 1 filed by the company.
Anil Kashiram Sonavane ceased to be Additional Director on 11 Mar 2019. Babita Sushil Agarwal ceased to be Additional Director on 28 Sep 2018. Sushil Santlal Agarwal ceased to be Additional Director on 28 Sep 2018. Formosa Industries has 13 board changes on record in total.
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