M.G. Spintex Private Limited

Manufacturer of cotton and yarn, owned by the Modi family, based in Ahmedabad, Gujarat.

2005 | Ahmedabad, Gujarat (India) | Active
Last Updated:

M.G. Spintex Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.87 Cr
  • Company Age 19 Year, 3 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 three 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

    mgspintex.com

  • 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

Manufacturing

Who are the key members and board of directors at M.G. Spintex?

Board Members (5)

NameDesignationAppointment DateStatus
Mahendra Modi Country flag representing In Director 28-Nov-2005Current
Arvindbhai Modi Country flag representing In Director 28-Nov-2005Current
Hitesh Modi Country flag representing In Director 05-Dec-2009Current
Ritesh Modi Country flag representing In Director 05-Dec-2009Current
Tarang Modi Country flag representing In Director 23-May-2020Current

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%.

M.G. Spintex revenue growth over time
M.G. Spintex profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-13.44%
Revenue from Operations
-13.15%
Total Assets
-31.12%
Profit or Loss
-106.79%
Net Worth
-5.19%
EBITDA
-82.97%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹29.71 Cr

Satisfied Charges

₹3.10 Cr

Charges Breakdown by Lending Institutions

  • Others : 28.37 Cr
  • Sidbi : 1.33 Cr

Latest Charge Details

DateLenderAmountStatus
01 Dec 2023Sidbi₹1.33 CrOpen
02 Nov 2022Others₹1.59 MOpen
27 Sep 2022Others₹19.06 CrOpen
19 Jun 2013Others₹9.16 CrOpen
14 Mar 2011Reliance Home Finance Private Limited₹1.85 CrSatisfied

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.

Employee growth trends for M.G. Spintex Private Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on M.G. Spintex

Recent activity within the organization

  • Annual General Meeting

    M.G. Spintex Private Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

  • Balance Sheet

    M.G. Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with Sidbi amounted to Rs. 1.33 Cr with Charge ID 100830132 was registered on 01 Dec 2023.

  • Charges

    A charge with Others amounted to Rs. 0.16 Cr with Charge ID 100644818 was registered on 02 Nov 2022.

  • Charges

    A charge with Others amounted to Rs. 19.06 Cr with Charge ID 100611988 was registered on 27 Sep 2022.

  • Charges

    A charge with Others of Rs. 9.16 Cr registered on 19 Jun 2013 with Charge ID 10466887 was modified on 29 Dec 2020.

Frequently asked questions

  • What is the Incorporation or founding date of M.G. Spintex Private Limited?

    M.G. Spintex Private Limited was incorporated on 28 Nov 2005.

  • What is authorized share capital and paid-up capital of M.G. Spintex Private Limited?

    The authorized share capital of M.G. Spintex Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.87 Cr.

  • Who are the current board members & directors of M.G. Spintex Private Limited?

    Currently 5 directors are associated with M.G. Spintex Private Limited.

    • Mahendra Ganpatlal Modi
    • Arvindbhai Ganpatlal Modi
    • Hitesh Arvindbhai Modi
    • Ritesh Arvindbhai Modi
    • Tarang Mahendrakumar Modi

  • What is the registered address of M.G. Spintex Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of M.G. Spintex Private Limited is 201 Parth Milan Bldg/Parth Ratna Assosiation Nr. Nest Hotel Off C.G. Road, India, Ahmedabad, Gujarat, 380009.

  • What is the corporate identification number (CIN) and company number of M.G. Spintex Private Limited?

    The corporate identification number (CIN) of M.G. Spintex Private Limited is U17110GJ2005PTC047154 and the company number is 047154 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of M.G. Spintex Private Limited?

    The Official website of M.G. Spintex Private Limited is https://www.mgspintex.com

  • What has been the recent revenue trend for M.G. Spintex Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for M.G. Spintex Private Limited has fallen by -13.44%.

  • How many employees does M.G. Spintex Private Limited currently have?

    As Per 2023 financial reports, 28 employees are currently employed by M.G. Spintex Private Limited.

  • What change has been observed in the net worth of M.G. Spintex Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of M.G. Spintex Private Limited has experienced an downturn of -5.19%.

  • What are the total open charges for M.G. Spintex Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for M.G. Spintex Private Limited amount to ₹ 29.71 Cr.

  • When was the last Balance Sheet of M.G. Spintex Private Limited filed with the ROC?

    The most recent Balance Sheet for M.G. Spintex Private Limited was filed with the ROC on 31 Mar 2024.

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