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Amforge Industries Ltd.

Main Activities: Primary Metal Manufacturing - Fabricated Metal Product Manufacturing

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Company Information

Full name
Amforge Industries Ltd.

Legal Address
108-111, , Raheja Chambers., Free Press Journal Marg; Mumbai; Maharashtra; 400021
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : INE991A01020
Financial Auditors: Bansal & Associates (2012)
Incorporation Date: April 21, 1971

Tel: 66365962/ 66365963/

Company Description

The company manufactures steel forgings and wheel rims targetted largely at the automobile industry and tractors.
Yogiraj Makar and Surindernath Makar promoted the company in 1971. It was incorporated as a private limited company called Hakimrai Ja

Company Analysis

According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues increased with 193.44%, from INR 2.44 tens of millions to INR 7.16 tens of millions. Operating result increased from INR -8.47 tens of millions to INR -3.67 tens of millions which means 56.67% change. The results of the period increased 4.37% reaching INR -6.34 tens of millions at the end of the period against INR -6.63 tens of millions last year. Return on equity (Net income/Total equity) went from -28.26% to -27.95%, the Return On Asset (Net income / Total Asset) went from -19.60% to -42.15% and the Net Profit Margin (Net Income/Net Sales) went from -271.72% to -88.55% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1.28% compared to 86.36% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.71 to 2.05 when compared to the previous year.

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Balance Sheet

Shareholders Equity

2

2

* All the accounts are in INR.
Income Statement

Total Operating Revenue

1

0

Operational Profit (Loss)

-1

-0

Net Profit (Loss)

-1

-0

* All the accounts are in INR.
Ratios
Profitability Ratios

Return on Equity (ROE)

-38.51%

-16.89%

Annualised Return on Equity (ROE)

-77.02%

-67.56%

Return on Sales (ROS)

100%

100%