Mecords India Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 9.11 Cr
- Company Age 34 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 98.87 Cr
- Satisfied Charges ₹ 34.72 Cr
- Revenue Growth 9.03%
- Profit Growth 45.25%
- Ebitda 38.13%
- Net Worth 34.00%
- Total Assets 18.67%
About Mecords India
Mecords India Private Limited (MIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 September 1990 and has a history of 34 years and five months. Its registered office is in Thane, Maharashtra, India.
The Corporate was formerly known as Mehta Cords Ltd. 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 2023. It's a company limited by shares with an authorized capital of Rs 12.00 Cr and a paid-up capital of Rs 9.11 Cr.
The company currently has active open charges totaling ₹98.87 Cr. The company has closed loans amounting to ₹34.72 Cr, as per Ministry of Corporate Affairs (MCA) records.
Nitin Mehta, Sambasivam Krishnamurthy, and Ajit Mehta serve as directors at the Company.
Company Details
- Location
Thane, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U17100MH1990PTC058306
- Company No.
058306
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Sep 1990
- Date of AGM
15 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Mecords India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nitin Mehta  | Managing Director | 26-Sep-1990 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sambasivam Krishnamurthy | Director | 21-Jun-2011 | Current |
| Ajit Mehta | Whole-Time Director | 15-Jul-1992 | Current |
Financial Performance of Mecords India.
Mecords India Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.03% increase. The company also saw a substantial improvement in profitability, with a 45.25% increase in profit. The company's net worth Soared by an impressive increase of 34%.
- Key Matrics
- Balance Sheet
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- Cash Flow
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What is the Ownership and Shareholding Structure of Mecords India?
In 2023, Mecords India 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)
Mecords Leasing And Finance Private LimitedNitin Mehta and Ajit Mehta are mutual person
Textile International LlpNitin Mehta and Ajit Mehta are mutual person
- Growell Agrochem (Bombay) Pvt Ltd
Nitin Mehta and Ajit Mehta are mutual person
Charges (Loans)
₹98.87 Cr
₹34.72 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 74.85 Cr
- Others : 24.02 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2024 | Others | ₹3.10 Cr | Open |
| 28 Dec 2023 | Others | ₹1.80 M | Open |
| 17 Nov 2023 | Others | ₹1.90 Cr | Open |
| 31 Oct 2023 | Canara Bank | ₹1.85 Cr | Open |
| 19 Aug 2023 | Others | ₹2.30 M | Open |
How Many Employees Work at Mecords India?
Mecords India has a workforce of 86 employees as of Apr 03, 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 Mecords India, 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 Mecords India'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.
