Michigan Commerce Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.98 Cr
- Company Age 25 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 23.95 Cr
- Revenue Growth -85.29%
- Profit Growth -85.95%
- Ebitda -95.43%
- Net Worth 0.17%
- Total Assets 8.27%
About Michigan Commerce
Michigan Commerce Private Limited (MCPL) is a Private Limited Indian Non-Government Company incorporated in India on 14 December 1999 and has a history of 25 years and one month. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Real Estate And Construction 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 5.00 Cr and a paid-up capital of Rs 3.98 Cr.
The company has closed loans amounting to ₹23.95 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Ajay Padval and Pankaj Tike serve as directors at the Company.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U67190MH1999PTC123087
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Company No.
123087
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
14 Dec 1999
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Michigan Commerce?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajay Padval
|
Director | 15-Dec-1999 | Current |
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Pankaj Tike
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Director | 01-Feb-2019 | Current |
Financial Performance of Michigan Commerce.
Michigan Commerce Private Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 85.29% decrease. The company also saw a substantial fall in profitability, with a 85.95% decrease in profit. The company's net worth moved up by a moderate rise of 0.17%.
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What is the Ownership and Shareholding Structure of Michigan Commerce?
In 2019, Michigan Commerce had a promoter holding of 99.98% and a public holding of 0.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Sumit Michigan Realty LlpAjay Padval is a mutual person
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Equitree Fidelis Llp
Ajay Padval is a mutual person
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Equitree Fidelis Securities Llp
Ajay Padval is a mutual person
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Melwani Finance Limited
Ajay Padval is a mutual person
Charges (Loans)
₹0
₹23.95 Cr
Charges Breakdown by Lending Institutions
- Others : 15.60 Cr
- Nkgsb Co-Operative Bank Ltd. : 8.00 Cr
- Syndicate Bank : 0.35 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 May 2019 | Others | ₹2.00 Cr | Satisfied |
| 22 Sep 2017 | Others | ₹2.50 Cr | Satisfied |
| 31 Mar 2017 | Others | ₹1.50 Cr | Satisfied |
| 14 Dec 2016 | Others | ₹5.00 Cr | Satisfied |
| 19 Mar 2016 | Others | ₹1.60 Cr | Satisfied |
How Many Employees Work at Michigan Commerce?
Unlock and access historical data on people associated with Michigan Commerce, 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 Michigan Commerce, 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 Michigan Commerce'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.
