About Forward Shoes (India) Private Limited
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Forward Shoes (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 08 March 1994.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U19201TN1994PTC026984. Its GSTIN is 33AAACF1138M1ZU (Tamil Nadu).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.59 Cr. It is led by directors Muhamad Yavar Dhala (Managing Director) and Asgar Ali Dhala.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 37 Raja Muthiah Road Periamet, Chennai, Tamil Nadu, India – 600003.
As per the financials filed for FY 2018, the company reported a revenue of ₹42.1 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹29.03 Lakh (net margin -69%) and EBITDA of -₹28.85 Lakh (EBITDA margin -68.5%). Revenue has grown at a compounded annual rate (CAGR) of 168% over three years.
As per MCA filings, the company has open charges of ₹71.46 Cr on record. Court records list 22 cases involving the company, including 9 filed by the company and 13 filed against it; 4 cases are pending.
The last known website on record is forwardgroup.in.
Company details
Contact details
Forward Shoes (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is forwardgroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address37 Raja Muthiah Road Periamet, Chennai, Tamil Nadu, India – 600003
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Forward Shoes (India) 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 Forward Shoes (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Forward Shoes (India) Private Limited, buy the company report.
Financials of Forward Shoes (India) Private Limited
FY 2018 filings availableForward Shoes (India) Private Limited reported revenue of ₹42.1 Lakh (down 55% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 55% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 168%. EBITDA rose 98% 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 |
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| Total Expenses | ||||
| EBITDA | -₹28.85 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹29.03 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -68.5% | |||
| Net Profit Margin | -69% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Forward Shoes (India) Private Limited, buy the company report.
Board of directors of Forward Shoes (India) Private Limited
Forward Shoes (India) has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muhamad Yavar Dhala Also directs: Conceria Virginia Chennai Private Limited | Managing Director | 08 Mar 1994 | 32 Years 8 Months | As last reported |
| Asgar Ali Dhala Also directs: Conceria Virginia Chennai Private Limited | Director | 08 Mar 1994 | 32 Years 8 Months | As last reported |
Shareholding
The shareholding of Forward Shoes (India) Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Forward Shoes (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2004 | 90291559 | Jm Financial Asset Reconstruction Company Private Limited | ₹15.75 Cr | Open | |
| 02 Jul 2003 | 90290344 | Jm Financial Asset Reconstruction Company Private Limited | ₹52.91 Cr | Open | |
| 07 Aug 1998 | 90294596 | Canara Bank | ₹2.8 Cr | Open |
To see the full charge records of Forward Shoes (India) Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Forward Shoes (India) Private Limited has 22 court cases on record: 9 filed by Forward Shoes (India), 13 filed against it. 4 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 10 | 3 |
| District courts | 3 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by M/S.Ganesh Cartons India Pvt Ltd and 3 others | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Ms Versatile Enterprises Pvt Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Writ petition | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
To see the full case history of Forward Shoes (India) 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 Forward Shoes (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Forward Shoes (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACF1138M1ZU | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Forward Shoes (India) Private Limited, buy the company report.
Recent activity
Forward Shoes (India) Private Limited has 6 board changes on record since 1994: 2 appointments and 4 cessations. The latest: Asgar Ali Dhala ceased to be Managing Director on 09 Feb 2012.
3 earlier events are in the company report.
Frequently asked questions
Forward Shoes (India) is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Forward Shoes (India) is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 08 March 1994 and is registered under CIN U19201TN1994PTC026984. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Forward Shoes (India) has 2 current directors:
- Muhamad Yavar Dhala - Managing Director
- Asgar Ali Dhala - Director
The latest financial statements of Forward Shoes (India) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Forward Shoes (India) is U19201TN1994PTC026984. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forward Shoes (India) has open charges of ₹71.46 Cr and no satisfied charges on record as per latest MCA filings.
Forward Shoes (India) has 22 court cases on record: 9 filed by the company and 13 filed against it. 4 are pending. Most are in the high courts.
Forward Shoes (India) was incorporated on 08 March 1994. It is registered with the Registrar of Companies, Chennai.
Asgar Ali Dhala ceased to be Managing Director on 09 Feb 2012. Muhamad Yavar Dhala ceased to be Director on 09 Feb 2012. Reihaneh Yavar Dhala ceased to be Director on 29 Dec 2011. Forward Shoes (India) has 6 board changes on record in total.
Forward Shoes (India) can be reached through the website forwardgroup.in. Its registered office is in Chennai, Tamil Nadu, India.
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