Michigan Commerce Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.98 Cr
- Company Age 25 Year, 2 Months
- 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 two months. 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
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U67190MH1999PTC123087
- Company No.
123087
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
14 Dec 1999
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Real Estate and Construction
Michigan Commerce Private Limited
Explore comprehensive data for Michigan Commerce Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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 |
| Pankaj Tike | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
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- Equitree Fidelis Securities Llp
Ajay Padval is a mutual person
- Melwani Finance Limited
Ajay Padval is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Michigan Commerce
Recent activity within the organization
- Annual General Meeting
Michigan Commerce Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Michigan Commerce Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge registered on 09 May 2019 via Charge ID 100265750 with Others was fully satisfied on 05 Feb 2024.
- Charges
A charge registered on 22 Sep 2017 via Charge ID 100128125 with Others was fully satisfied on 05 Feb 2024.
- Charges
A charge registered on 31 Mar 2017 via Charge ID 100098780 with Others was fully satisfied on 05 Feb 2024.
- Charges
A charge registered on 14 Dec 2016 via Charge ID 100095394 with Others was fully satisfied on 05 Feb 2024.
Frequently asked questions
What is the Incorporation or founding date of Michigan Commerce Private Limited?
Michigan Commerce Private Limited was incorporated on 14 Dec 1999.
What is authorized share capital and paid-up capital of Michigan Commerce Private Limited?
The authorized share capital of Michigan Commerce Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.98 Cr.
Who are the current board members & directors of Michigan Commerce Private Limited?
Currently 2 directors are associated with Michigan Commerce Private Limited.
- Ajay Ghanashyam Padval
- Pankaj Bhaskar Tike
What is the registered address of Michigan Commerce Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Michigan Commerce Private Limited is 201 Durga Apartments 2Nd Floor Ajmal Road, Vile Parle (East) India, Mumbai, Maharashtra, 400057.
What is the corporate identification number (CIN) and company number of Michigan Commerce Private Limited?
The corporate identification number (CIN) of Michigan Commerce Private Limited is U67190MH1999PTC123087 and the company number is 123087 as per Ministry of Corporate Affairs (MCA).
What is the official website of Michigan Commerce Private Limited?
The Official website of Michigan Commerce Private Limited is https://www.michigancommerce.in
What has been the recent revenue trend for Michigan Commerce Private Limited?
According to the financial reports for the fiscal year 2019, the revenue trend for Michigan Commerce Private Limited has fallen by -85.29%.
What change has been observed in the net worth of Michigan Commerce Private Limited, and by what percentage?
The financial reports for the fiscal year 2019 indicates that The net worth of Michigan Commerce Private Limited has experienced an upsurge of 0.17%.
When was the last Balance Sheet of Michigan Commerce Private Limited filed with the ROC?
The most recent Balance Sheet for Michigan Commerce Private Limited was filed with the ROC on 31 Mar 2024.
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