Forward Commercial LLP
About Forward Commercial LLP
Data last updated:
Forward Commercial LLP is a limited liability partnership (LLP) based in New, Delhi, India. It operates in the personal and household goods repair segment of the home appliances and consumer durables sector. It was incorporated on 14 July 2017 and has been in existence for over 9 years.
The LLP is registered with the Registrar of Companies (ROC), Delhi, under LLPIN AAK-0049.
The LLP has a total obligation of contribution of ₹10 Cr. It is led by designated partners Raj Vinay Ajmera and Rishabh Ajmera.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at 102 Ashadeep Building, 9 Hailey Road, New, Delhi, India – 110001.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹94.94 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹92.93 Lakh (net margin 97.9%) and EBITDA of -₹70,302 (EBITDA margin -0.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
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- Registered Address102 Ashadeep Building, 9 Hailey Road, New, Delhi, India – 110001
- IndustryHome Appliances, Repair Of Personal and Household Goods, Retailers
- 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 Forward Commercial LLP FY 2024 filings available
Forward Commercial LLP reported revenue of ₹94.94 Lakh (up 4249% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Forward Commercial LLP
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years. 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 of Forward Commercial LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹92.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Forward Commercial LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 97.9% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Forward Commercial are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of Forward Commercial LLP
Forward Commercial has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Vinay Ajmera | Designated Partner | 14 Jul 2017 | 9 Years 2 Months | Current |
| Rishabh Ajmera | Designated Partner | 14 Jul 2017 | 9 Years 2 Months | Current |
Ownership and Shareholding of Forward Commercial LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Forward Commercial LLP
Forward Commercial LLP does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Forward Commercial LLP
Employment history and EPFO contributions of people linked to Forward Commercial.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Forward Commercial LLP
Forward Commercial LLP has 2 designated partner changes on record since 2017: 2 appointments. The latest: Raj Vinay Ajmera was appointed as Designated Partner on 14 Jul 2017.
Credit Ratings, Litigation & Regulatory Alerts for Forward Commercial LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Forward Commercial LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Forward Commercial LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Forward Commercial LLP
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Forward Commercial LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Forward Commercial LLP
Forward Commercial is an active limited liability partnership based in New, Delhi, India. The LLP works in repair of personal and household goods, within the home appliances industry. It was incorporated on 14 July 2017 (9+ years old) and is registered under LLPIN AAK-0049.
Forward Commercial reported revenue of ₹94.94 Lakh for FY 2023 (up 4249% YoY).
Forward Commercial has 2 current designated partners:
- Raj Vinay Ajmera - Designated Partner
- Rishabh Ajmera - Designated Partner
Forward Commercial reported a net profit of ₹92.93 Lakh (net margin 97.9%) and EBITDA of -₹70,302 (EBITDA margin -0.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Forward Commercial is -7% over three years. CAGR is the steady yearly rate that links the first and the last year.
The LLPIN (Limited Liability Partnership Identification Number) of Forward Commercial is AAK-0049. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Forward Commercial was incorporated on 14 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Raj Vinay Ajmera was appointed as Designated Partner on 14 Jul 2017. Rishabh Ajmera was appointed as Designated Partner on 14 Jul 2017.
The registered office of Forward Commercial is at 102 Ashadeep Building, 9 Hailey Road, New, Delhi, India – 110001.
The total obligation of contribution is ₹10 Cr.