About Freeworld Exports Private Limited
Data last updated:
Freeworld Exports 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 mining and mineral extraction segment of the metals and mining sector. It was incorporated on 19 March 2004.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51420TN2004PTC052776. Its GSTIN is 21AAACF7972M1ZD (Odisha). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.65 Cr. It is led by directors Ramadoss Shankar and Asha Boaz Ramesh.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No.45 First Main Road Gandhi Nagar Adyar, Chennai, Tamil Nadu, India – 600020.
As per the financials filed for FY 2018, the company reported a revenue of ₹56.19 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹2.55 Cr (net margin -4.5%) and EBITDA of ₹6.33 Cr (EBITDA margin 11.3%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years.
The company has about 14 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹47.2 Cr and satisfied charges of ₹86.67 Cr on record. Court records list 21 cases involving the company, including 8 filed by the company and 13 filed against it; 5 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.64 Cr; the latest was in June 2014. Its 3 peer companies in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities) are compared by revenue, 1 larger and 2 smaller; the largest is Imperial Granites Private Limited with revenue of ₹71.67 Cr.
The last known website on record is freeworldgranites.com.
Company details
Contact details
Freeworld Exports Private Limited's registered office is in Chennai, Tamil Nadu. Its website is freeworldgranites.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.45 First Main Road Gandhi Nagar Adyar, Chennai, Tamil Nadu, India – 600020
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Freeworld Exports 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 Freeworld Exports is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Freeworld Exports Private Limited, buy the company report.
Financials of Freeworld Exports Private Limited
FY 2018 filings availableFreeworld Exports Private Limited reported revenue of ₹56.19 Cr (down 12% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over three years, including a 12% fall in the latest year. EBITDA fell 33% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹56.19 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
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| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹6.33 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.55 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.3% | |||
| Net Profit Margin | -4.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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To see the full financial statements and ratios of Freeworld Exports Private Limited, buy the company report.
Board of directors of Freeworld Exports Private Limited
Freeworld Exports has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramadoss Shankar | Director | 19 Mar 2004 | 22 Years 7 Months | As last reported |
| Asha Boaz Ramesh | Director | 09 May 2014 | 12 Years 5 Months | As last reported |
Peer comparison
Freeworld Exports Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Imperial Granites Private Limited | ₹71.67 Cr (FY 2025) | -16.0% | Cathedral Road, Madras-86., Tamil Nadu, India | |||
| Naaraayani Minerals Private Limited | ₹70.73 Cr (FY 2025) | -17.0% | Seraikelakharsawan, Jharkhand, India | |||
| Usha Microns Private Limited | ₹69.66 Cr (FY 2025) | -23.0% | Udaipur, Rajasthan, India | |||
| Freeworld Exports Private Limitedthis company | ₹56.19 Cr (FY 2018) | -₹2.55 Cr | -4.5% | -12.0% | 14 | Chennai, Tamil Nadu, India |
To see the full peer comparison of Freeworld Exports Private Limited, buy the company report.
Auditor
Freeworld Exports Private Limited is audited by KANNAN ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KANNAN ASSOCIATES | FY 2018 | 001736S |
Shareholding
The shareholding of Freeworld Exports 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 Freeworld Exports Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2019 | 100243656 | Others | ₹12 Lakh | Open | |
| 15 Feb 2019 | 100243659 | Others | ₹13.5 Lakh | Open | |
| 15 Feb 2019 | 100243661 | Others | ₹13.5 Lakh | Open | |
| 15 Feb 2019 | 100243677 | Others | ₹12 Lakh | Open | |
| 15 Feb 2019 | 100243679 | Others | ₹10 Lakh | Open |
To see the full charge records of Freeworld Exports Private Limited, buy the company report.
Total charge records: 76 View all charges
Deals & funding
Freeworld Exports Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.64 Cr; the latest was in June 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2011 | Funding round | ₹65 Lakh | Investors: 2 individuals |
| Apr 2007 | Funding round | ₹7.99 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Freeworld Exports Private Limited has 21 court cases on record: 8 filed by Freeworld Exports, 13 filed against it. 5 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 5 |
| High courts | 5 | 0 | 0 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Pending |
| NCLT, Chennai | Court case (MA(IBC)) | Filed by the company against Crosby Engineering Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Puyvast Maritime India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Puyvast Maritime India Private Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Srei Equipment Finance Limited | Disposed |
To see the full case history of Freeworld Exports 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 Freeworld Exports Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Freeworld Exports has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Freeworld Granites Private Limited | U14200TN2011PTC082222 |
To see the full group structure of Freeworld Exports Private Limited, buy the company report.
Employees & EPFO
Freeworld Exports Private Limited has a workforce of 14 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Freeworld Exports has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACF7972M1ZD | Odisha | Active | 01 Jul 2017 |
| 29AAACF7972M1ZX | Karnataka | Active | 01 Jul 2017 |
| 36AAACF7972M1Z2 | Telangana | Active | 01 Jul 2017 |
| 37AAACF7972M1Z0 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Freeworld Exports Private Limited, buy the company report.
Recent activity
Freeworld Exports Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Asha Boaz Ramesh was appointed as Director on 09 May 2014.
133 earlier events are in the company report.
Frequently asked questions
Freeworld Exports 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.
Freeworld Exports is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 19 March 2004 and is registered under CIN U51420TN2004PTC052776. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Freeworld Exports has 2 current directors:
- Ramadoss Shankar - Director
- Asha Boaz Ramesh - Director
The latest financial statements of Freeworld Exports on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Freeworld Exports is U51420TN2004PTC052776. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Freeworld Exports has open charges of ₹47.2 Cr and satisfied charges of ₹86.67 Cr as per latest MCA filings.
Freeworld Exports has 21 court cases on record: 8 filed by the company and 13 filed against it. 5 are pending. Most are in the district courts.
Freeworld Exports was incorporated on 19 March 2004. It is registered with the Registrar of Companies, Chennai.
Freeworld Exports has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.64 Cr; the latest was in June 2014.
The peers of Freeworld Exports by revenue are Imperial Granites Private Limited, Naaraayani Minerals Private Limited, Usha Microns Private Limited, all in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities).
Asha Boaz Ramesh was appointed as Director on 09 May 2014. Sundaram Ramesh ceased to be Director on 06 May 2014. Ramadoss Shankar was appointed as Director on 19 Mar 2004.