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Fomento Resources
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Registered Details

FOMENTO RESOURCES PRIVATE LIMITED

All Companies ›

Goa ›

Mining & Quarrying ›

Active

Updated: 01 Nov 2024

The company mines and exports iron ore.

Fomento Resources Private Limited, is an unlisted private company incorporated on 08 July, 2010. It is classified as a private limited company and is located in North Goa, Goa. It's authorized share capital is INR 16.00 lac and the total paid-up capital is INR 2.40 lac.

Industry and products

Mining and Quarrying

Mining, excavationand and mineral processing., exploration

Company size

Auth Capital

₹ 16.0 L

Paidup Capital

₹ 2.4 L

Revenue

₹ 300-400 cr

Key Metrics

** All rupee values in INR crores. Based on March 2022 numbers.

Total Revenue

-12.76%

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EBITDA

-14.29%

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Net Profit

-7.43%

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Networth

5.81%

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Borrowings

18.9%

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Assets

3.25%

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Gross Margin

-1.55

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Operating Margin

1.41

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Net Profit Margin

1.72

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Return on Equity

-0.78

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ROCE

48.51

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Debt to Equity

0.02

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Sales

Mar 2022

Net worth

Mar 2022

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Locations

India (6)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Ambar Auduth Timblo Shareholder	00213068	15 years
Director	Shankar Narayan	03179376	6 years
Director	Rajiv	06398881	2 years
Director	Shafeeq Ismail Mitha	08064854	7 years

Financial Highlights

** All numbers in INR crores

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
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Margins

Gross margin

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Balance Sheet

Standalone

Consolidated

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** All numbers in INR crores

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
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Percentage of assets	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
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	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	-	-	-	-	-
Reserves	1,465.5	1,446.5	1,413.4	1,500.5	1,607.8
Borrowings +	399.0	312.7	296.1	300.3	354.0
Long term borrowings	238.5	176.8	112.2	122.0	93.6
Short term borrowings	160.5	135.9	183.9	178.3	260.4
Trade payables +	81.4	43.6	70.0	72.3	48.0
Days payable	221.0	264.0	380.0	236.0	172.0
Other liabilities +	145.2	112.5	140.3	151.9	74.2
Other non-current liabilities	3.2	3.2	3.2	4.5	4.9
Other current liabilities	60.6	65.7	67.1	75.0	21.2
Total liabilities	2,009.8	1,871.7	1,849.9	1,952.7	2,036.0
Fixed Assets +	828.0	816.4	807.1	800.2	805.9
Tangible assets	179.2	168.9	161.2	153.8	160.0
CWIP	5.1	5.1	4.9	7.0	7.8
Intangible assets	643.8	642.3	640.9	639.5	638.1
LT loans and advances	123.3	138.8	170.3	171.7	102.2
Other non-current assets	883.9	784.9	679.7	645.1	858.6
Current assets +	174.6	131.6	192.8	335.6	269.3
Inventories	40.5	24.4	18.6	29.2	17.5
Trade receivables	64.9	10.7	95.2	200.0	84.7
Cash and cash equivalents	1.6	1.9	1.0	10.9	46.7
ST loans and advances	3.7	19.7	1.5	2.3	33.8
Other current assets	63.9	75.0	76.5	93.3	86.6
Total assets	2,009.8	1,871.7	1,849.9	1,952.7	2,036.0

Percentage of assets	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	0.0	0.0	0.0	0.0	0.0
Reserves	72.92	77.28	76.41	76.84	78.97
Borrowings +	19.85	16.71	16.01	15.38	17.39
Long term borrowings	11.87	9.45	6.07	6.25	4.6
Short term borrowings	7.99	7.26	9.94	9.13	12.79
Trade payables	4.05	2.33	3.79	3.71	2.36
Other liabilities +	7.22	6.01	7.58	7.78	3.65
Other non-current liabilities	0.16	0.17	0.17	0.23	0.24
Other current liabilities	3.02	3.51	3.63	3.84	1.04
Total liabilities
Fixed Assets +	41.2	43.62	43.63	40.98	39.58
Tangible assets	8.91	9.02	8.72	7.87	7.86
CWIP	0.26	0.27	0.27	0.36	0.39
Intangible assets	32.03	34.32	34.65	32.75	31.34
LT loans and advances	6.13	7.42	9.21	8.79	5.02
Other non-current assets	43.98	41.93	36.74	33.04	42.17
Current assets +	8.69	7.03	10.42	17.19	13.23
Inventories	2.02	1.3	1.0	1.49	0.86
Trade receivables	3.23	0.57	5.15	10.24	4.16
Cash and cash equivalents	0.08	0.1	0.05	0.56	2.29
ST loans and advances	0.18	1.05	0.08	0.12	1.66
Other current assets	3.18	4.01	4.14	4.78	4.25
Total assets

Total assets

Charges on assets

Bank wise

Charges

Catalyst Trusteeship Limited

No. of Loans: 1

Total Amount : 690.0 cr

HDFC Bank Limited

No. of Loans: 4

Total Amount : 535.7 cr

ICICI Bank Limited

No. of Loans: 1

Total Amount : 145.0 cr

Kotak Mahindra Investments Limited

No. of Loans: 1

Total Amount : 70.0 cr

ARKA FINCAP LIMITED

No. of Loans: 1

Total Amount : 50.0 cr

Punjab National Bank

No. of Loans: 1

Total Amount : 10.0 cr

Charge Holder	Amount	Date of creation/modification
ICICI Bank Limited	145.0 cr	27 Sep, 2024
Catalyst Trusteeship Limited	690.0 cr	05 Mar, 2024
ARKA FINCAP LIMITED	50.0 cr	21 Mar, 2023
Kotak Mahindra Investments Limited	70.0 cr	21 Feb, 2023
HDFC Bank Limited	210.2 cr	24 Nov, 2022
HDFC Bank Limited	235.5 cr	24 Nov, 2022
Punjab National Bank	10.0 cr	30 Sep, 2022
HDFC Bank Limited	40.0 cr	12 Jan, 2016
HDFC Bank Limited	50.0 cr	04 Oct, 2013

Charges

Catalyst Trusteeship Limited

HDFC Bank Limited

ICICI Bank Limited

Kotak Mahindra Investments Limited

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
FEDERATION OF INDIA MINERAL INDUSTRIES	Active	0.0	1	Delhi
SHELVONA RIVERSIDE RAILWAY TERMINAL LIMITED	Active	5.0 L	1	Goa
PRIME MINERAL EXPORTS PRIVATE LIMITED	Amalgamated	1.0 L	1	Goa
EYESTAR FINANCE AND LEASING PRIVATE LIMITED	Active	1.0 L	1	Goa
GRASS INVESTMENT CONSULTANCY PRIVATE LIMITED	Strike Off	1.5 L	1	Maharashtra
RESOURCES CONCENTRATES PRIVATE LIMITED	Active	5.0 L	1	Karnataka
FOMAR PRIVATE LIMITED.	Active	1.5 Cr	1	Goa
SEAROCK ADVISORS LLP	Active	1.0 L	2	Goa
FOMENTO (KARNATAKA) MINING COMPANY PRIVA TE LIMITED	Amalgamated	1.1 L	1	Goa
SLR METALIKS LIMITED	Active	22.5 Cr	1	Delhi
RESOURCES PELLETS CONCENTRATES PRIVATE LIMITED	Active	1.3 L	1	Karnataka
M S TALAULICAR AND SONS PRIVATE LIMITED	Active	10.0 L	1	Goa
HARDESH ORES PRIVATE LIMITED	Active	3.5 L	1	Goa

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
EYESTAR FINANCE AND LEASING PRIVATE LIMITED	Goa	1992	₹ 1.0 L
KARNATAKA FERRO CONCENTRATES PRIVATE LIMITED	India	-	-

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

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Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U13209GA2010PTC006440

PAN

AABCF5649N

Incorporation

2010, 14.9 years

Company Email

abhijit.rane@fomento.co

Paid up Capital

₹ 2.4 L

Authorised Capital

₹ 16.0 L

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - FOMENTO RESOURCES PRIVATE LIMITED

What is the incorporation date of FOMENTO RESOURCES PRIVATE LIMITED?

The incorporation date of FOMENTO RESOURCES PRIVATE LIMITED is 08 July, 2010

What is the authorized share capital of FOMENTO RESOURCES PRIVATE LIMITED?

The authorized share capital of FOMENTO RESOURCES PRIVATE LIMITED is INR ₹ 16.0 L.

What is the paid-up capital of FOMENTO RESOURCES PRIVATE LIMITED?

The paid-up capital of FOMENTO RESOURCES PRIVATE LIMITED is INR ₹ 2.4 L.

What is the registered address of FOMENTO RESOURCES PRIVATE LIMITED?

The registered address of FOMENTO RESOURCES PRIVATE LIMITED is 102, 1ST FLOOR, KAMAT METROPOLIS-I, BEHIND CACULO MALL, ST INEZ PANAJI North Goa Goa - 403001

What is the CIN number of FOMENTO RESOURCES PRIVATE LIMITED?

The CIN number of FOMENTO RESOURCES PRIVATE LIMITED is U13209GA2010PTC006440.

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