Midas Foods India Profile
Key Indicators
- Authorised Capital ₹ 4.00 M
- Paid Up Capital ₹ 1.40 M
- Company Age 26 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 8.96 Cr
- Satisfied Charges ₹ 2.05 Cr
- Revenue Growth -9.37%
- Profit Growth -29.11%
- Ebitda -67.37%
- Net Worth -5.93%
- Total Assets -7.69%
About Midas Foods India
Midas Foods India Private Limited (MFIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 July 1998 and has a history of 26 years and six months. Its registered office is in Delhi, India.
The Company is engaged in the Food And Beverages 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 4.00 M and a paid-up capital of Rs 1.40 M.
The company currently has active open charges totaling ₹8.96 Cr. The company has closed loans amounting to ₹2.05 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sumeet Naroola, Jagdish Naroola, Sirgit Naroola, and Two other members serve as directors at the Company.
Company Details
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Location
Delhi, 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
U15419DL1998PTC095232
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Company No.
095232
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
28 Jul 1998
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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 Delhi
Industry
What products or services does Midas Foods India Private Limited offer?
Midas Foods India Private Limited offers a wide range of products and services, including Bakery & Confectionery Products, Bakery Products.
Who are the key members and board of directors at Midas Foods India?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sumeet Naroola
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Director | 30-Sep-1999 | Current |
Richard Elias
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Director | 28-Jul-1998 | Current |
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Gary Freeman
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Director | 28-Jul-1998 | Current |
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Jagdish Naroola
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Alternate Director | 21-Sep-2017 | Current |
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Sirgit Naroola
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Director | 28-Jul-1998 | Current |
Financial Performance of Midas Foods India.
Midas Foods India Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.37% decrease. The company also saw a substantial fall in profitability, with a 29.11% decrease in profit. The company's net worth dipped by a decrease of 5.93%.
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What is the Ownership and Shareholding Structure of Midas Foods India?
In 2023, Midas Foods India had a promoter holding of 100.00%. The company had 1 Subsidiary. 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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Dry Blend Foods Private LimitedSumeet Naroola and Sirgit Naroola are mutual person
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Industrial & Farm Equipment LlpSumeet Naroola is a mutual person
Charges (Loans)
₹89.61 M
₹20.45 M
Charges Breakdown by Lending Institutions
- Others : 8.30 Cr
- Sidbi : 0.66 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2024 | Others | ₹8.00 M | Open |
| 01 Dec 2023 | Sidbi | ₹6.61 M | Open |
| 02 Mar 2015 | Others | ₹7.50 Cr | Open |
| 29 Jun 2011 | Citibank N.A | ₹1.25 Cr | Satisfied |
| 18 Apr 2007 | Bank Of Baroda | ₹7.50 M | Satisfied |
How Many Employees Work at Midas Foods India?
Unlock and access historical data on people associated with Midas Foods India, 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 Midas Foods 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 Midas Foods 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.
