M.G. Spintex Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.87 Cr
- Company Age 19 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 29.71 Cr
- Satisfied Charges ₹ 3.10 Cr
- Revenue Growth -13.44%
- Profit Growth -106.79%
- Ebitda -82.97%
- Net Worth -5.19%
- Total Assets -31.12%
About M.G. Spintex
M.G. Spintex Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 November 2005 and has a history of 19 years and two months. Its registered office is in Ahmedabad, Gujarat, India.
The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.87 Cr.
The company currently has active open charges totaling ₹29.71 Cr. The company has closed loans amounting to ₹3.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mahendra Modi, Arvindbhai Modi, Hitesh Modi, and Two other members serve as directors at the Company.
Company Details
-
Location
Ahmedabad, Gujarat, India
-
Telephone
+91-XXXXXXXXXX
-
Email Address
-
Website
-
Social Media-
Corporate Identity Details
-
CIN/LLPIN
U17110GJ2005PTC047154
-
Company No.
047154
-
Company Classification
Private Limited Indian Non-Government Company
-
Incorporation Date
28 Nov 2005
-
Date of AGM
20 Sep 2024
-
Date of Balance Sheet
31 Mar 2024
-
Listing Status
Unlisted
-
ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at M.G. Spintex?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahendra Modi
|
Director | 28-Nov-2005 | Current |
|
Arvindbhai Modi
|
Director | 28-Nov-2005 | Current |
|
Hitesh Modi
|
Director | 05-Dec-2009 | Current |
|
Ritesh Modi
|
Director | 05-Dec-2009 | Current |
|
Tarang Modi
|
Director | 23-May-2020 | Current |
Financial Performance of M.G. Spintex.
M.G. Spintex Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 13.44% decrease. The company also saw a substantial fall in profitability, with a 106.79% decrease in profit. The company's net worth dipped by a decrease of 5.19%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of M.G. Spintex?
In 2023, M.G. Spintex had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
-
Pratiksha Textiles LlpMahendra Modi is a mutual person
-
Aimind Solutions Private Limited
Mahendra Modi and Ritesh Modi are mutual person
Charges (Loans)
₹29.71 Cr
₹3.10 Cr
Charges Breakdown by Lending Institutions
- Others : 28.37 Cr
- Sidbi : 1.33 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Dec 2023 | Sidbi | ₹1.33 Cr | Open |
| 02 Nov 2022 | Others | ₹1.59 M | Open |
| 27 Sep 2022 | Others | ₹19.06 Cr | Open |
| 19 Jun 2013 | Others | ₹9.16 Cr | Open |
| 14 Mar 2011 | Reliance Home Finance Private Limited | ₹1.85 Cr | Satisfied |
How Many Employees Work at M.G. Spintex?
M.G. Spintex has a workforce of 28 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of M.G. Spintex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped M.G. Spintex's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
