About Frost International Limited
Data last updated:
Frost International Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 17 May 1995.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U05001MH1995PLC243081. Its GSTIN is 07AAACF2299P1Z3 (Delhi). The company holds 11 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹74.93 Cr. It is led by directors including Uday Jayant Desai (Managing Director) and Sunil Verma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 709 – C Wing One BKC Near Indian Oil Petrol Pump Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2017, the company reported a revenue of ₹15,453 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹68.5 Cr (net margin 0.4%) and EBITDA of ₹221.09 Cr (EBITDA margin 1.4%).
The company has about 8 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Frost International. As per MCA filings, the company has open charges of ₹6,829.83 Cr and satisfied charges of ₹6,932.8 Cr on record. Court records list 194 cases involving the company, including 121 filed by the company and 73 filed against it; 44 cases are pending.
The last known website on record is frostinternational.in.
Company details
CIN history
Frost International has one previous CIN (Corporate Identification Number): U05001UP1995PLC018067. The current CIN is U05001MH1995PLC243081, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U05001MH1995PLC243081 | Current |
| U05001UP1995PLC018067 | Previous |
Contact details
Frost International Limited's registered office is in Mumbai, Maharashtra. Its website is frostinternational.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address709 – C Wing One BKC Near Indian Oil Petrol Pump Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Frost International 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
Brands
Frost International operates one associated brand: Frost International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services in Maine. | frostinternational.in |
Financials of Frost International Limited
FY 2017 filings availableFrost International Limited reported revenue of ₹15,453 Cr (down 5% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year. EBITDA fell 15% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹15,453 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹221.09 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹68.5 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.4% | ||
| Net Profit Margin | 0.4% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| 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 Frost International Limited, buy the company report.
Board of directors of Frost International Limited
Frost International has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Verma | Whole-Time Director | 31 May 1995 | 31 Years 4 Months | As last reported |
| Sujay Uday Desai Also directs: Frost Affordable Housing Finance Private Limited | Director | 19 Jul 2011 | 15 Years 3 Months | As last reported |
| Uday Jayant Desai | Managing Director | 31 May 1995 | 31 Years 4 Months | As last reported |
| Sandhya Swarup | Director | 15 Jun 2015 | 11 Years 4 Months | As last reported |
| Anoop Kumar Wadhera Also directs: Frost Infrastructure and Energy Limited | Whole-Time Director | 31 May 1995 | 31 Years 4 Months | As last reported |
| Prabhjot Singh | Director | 02 Mar 2010 | 16 Years 7 Months | As last reported |
Auditor
Frost International Limited is audited by RAJIV MEHROTRA AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJIV MEHROTRA AND ASSOCIATES | FY 2017 | 002253C |
Shareholding
The shareholding of Frost International 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 Frost International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2017 | 100130957 | Indian Overseas Bank | ₹58 Lakh | Open | |
| 18 Mar 2017 | 100094172 | Canara Bank | ₹5 Cr | Open | |
| 18 Jan 2017 | 100090140 | Indian Overseas Bank | ₹70 Lakh | Open | |
| 06 Oct 2016 | 100057648 | Indian Overseas Bank | ₹1,500 Cr | Open | |
| 20 May 2016 | 100032615 | Bank of India | ₹756.75 Cr | Open |
To see the full charge records of Frost International Limited, buy the company report.
Total charge records: 50 View all charges
Legal cases
Frost International Limited has 194 court cases on record: 121 filed by Frost International, 73 filed against it. 44 cases are pending and 150 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 97 | 39 | 28 |
| High courts | 81 | 25 | 13 |
| Supreme Court | 15 | 8 | 2 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 194)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CRR) | Filed against the company by M/S Milan Developers and Builders Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Company petition | Filed against the company by One BKC Realtors Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by One BKC Realtors Pvt.Ltd. | Pending |
| District court, East Khasi Hills, Meghalaya | Court case (Complaint Registration) | Filed by the company against M/S Bhavyaa Global Ltd and 2 others | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by Bses Rajdhani Power Ltd. | Disposed |
To see the full case history of Frost International 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.
Credit ratings & regulatory alerts
Frost International Limited was last rated by Brickwork on 06 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 06 Nov 2019 |
To see the full credit ratings and regulatory alerts of Frost International Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Frost International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Frost International has 1 subsidiary company and 3 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Fta HSRP Solutions Private Limited | U74140GJ2012PTC068782 |
To see the full group structure of Frost International Limited, buy the company report.
Employees & EPFO
Frost International Limited has a workforce of 8 employees on its EPFO records as of Dec 23, 2024, across 1 active EPFO establishment.
GST
Frost International has 11 GST registrations: 3 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACF2299P1Z3 | Delhi | Active | 01 Jul 2017 |
| 09AAACF2299P1ZZ | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAACF2299P1ZY | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Frost International Limited, buy the company report.
Recent activity
Frost International Limited has 18 board changes on record since 1995: 6 appointments and 12 cessations. The latest: Krishnavadan Popatlal Shah ceased to be Director on 29 Mar 2020.
127 earlier events are in the company report.
Frequently asked questions
Frost International is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Frost International is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 17 May 1995 and is registered under CIN U05001MH1995PLC243081. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Frost International has 6 current directors:
- Uday Jayant Desai - Managing Director
- Sunil Verma - Whole-Time Director
- Anoop Kumar Wadhera - Whole-Time Director
- Sujay Uday Desai - Director
- Sandhya Swarup - Director
- Prabhjot Singh - Director
The latest financial statements of Frost International on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Frost International is U05001MH1995PLC243081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Frost International has open charges of ₹6,829.83 Cr and satisfied charges of ₹6,932.8 Cr as per latest MCA filings.
Frost International has 194 court cases on record: 121 filed by the company and 73 filed against it. 44 are pending. Most are in the district courts.
Frost International was incorporated on 17 May 1995. It is registered with the Registrar of Companies, Mumbai.
Krishnavadan Popatlal Shah ceased to be Director on 29 Mar 2020. Astha Chaturvedi ceased to be Company Secretary on 02 Feb 2018. Sandhya Swarup was appointed as Director on 15 Jun 2015. Frost International has 18 board changes on record in total.
Frost International can be reached through the website frostinternational.in. Its registered office is in Mumbai, Maharashtra, India.