Mfs Ethnic Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 1.51 Cr
- Company Age 7 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 16.79 Cr
- Satisfied Charges ₹ 11.35 Cr
- Revenue Growth 34.13%
- Profit Growth 93.10%
- Ebitda 107.17%
- Net Worth 23.98%
- Total Assets 16.08%
About Mfs Ethnic
Mfs Ethnic Limited (MEL) is a Public Limited Indian Non-Government Company incorporated in India on 25 July 2017 (Seven years and seven months 4 days old ). Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Fashion And Textile 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 6.00 Cr and a paid-up capital of Rs 1.51 Cr.
The company currently has active open charges totaling ₹16.79 Cr. The company has closed loans amounting to ₹11.35 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mitesh Sanghvi, Haresh Doshi, Jigna Doshi, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U18209MH2017PLC297799
- Company No.
297799
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
25 Jul 2017
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Fashion and Textile
Who are the key members and board of directors at Mfs Ethnic?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mitesh Sanghvi  | Managing Director | 25-Jul-2017 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Haresh Doshi | Whole-Time Director | 01-Feb-2019 | Current |
| Jigna Doshi | Director | 01-Sep-2021 | Current |
| Sarika Sanghvi | Director | 21-Mar-2024 | Current |
Financial Performance of Mfs Ethnic.
Mfs Ethnic Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.13% increase. The company also saw a substantial improvement in profitability, with a 93.1% increase in profit. The company's net worth Soared by an impressive increase of 23.98%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mfs Ethnic?
In 2023, Mfs Ethnic had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹16.79 Cr
Satisfied Charges
₹11.35 Cr
Charges Breakdown by Lending Institutions
- Standard Chartered Bank : 16.79 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Feb 2024 | Standard Chartered Bank | ₹4.65 Cr | Open |
| 25 Aug 2023 | Standard Chartered Bank | ₹3.00 Cr | Open |
| 25 Aug 2023 | Standard Chartered Bank | ₹2.20 Cr | Open |
| 19 Apr 2023 | Standard Chartered Bank | ₹6.94 Cr | Open |
| 12 Jan 2022 | Others | ₹1.35 Cr | Satisfied |
How Many Employees Work at Mfs Ethnic?
Unlock and access historical data on people associated with Mfs Ethnic, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mfs Ethnic, 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 Mfs Ethnic'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.
