Midas Knits Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
as on 11-12-2024
- Paid Up Capital ₹ 0.23 M
as on 11-12-2024
- Company Age 19 Year, 10 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 4.60 Cr
as on 11-12-2024
- Satisfied Charges ₹ 1.50 Cr
as on 11-12-2024
- Revenue 37.35%
(FY 2019)
- Profit 54.66%
(FY 2019)
- Ebitda 6.23%
(FY 2019)
- Net Worth 23.00%
(FY 2019)
- Total Assets 2.05%
(FY 2019)
About Midas Knits
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 2024. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.23 M.
The company currently has active open charges totaling ₹4.60 Cr. The company has closed loans amounting to ₹1.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
Raj Arora and Savita Arora serve as directors at the Company.
- CIN/LLPIN
U18100PB2005PTC029373
- Company No.
029373
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Dec 2005
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Company Details
- Location(West), Ludhiana., Punjab
- Telephone
- Email Address
- Website
-
- Social Media-
What products or services does Midas Knits Private Limited offer?
Midas Knits Private Limited offers a wide range of products and services, including Men Casual Shirt, Men Printed Shirt.
Who are the key members and board of directors at Midas Knits?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Raj Arora  | Director | 15-Dec-2005 | Current |
| Savita Arora | Director | 31-May-2010 | Current |
Financial Performance of Midas Knits.
Midas Knits Private Limited, for the financial year ended 2019, experienced significant growth in revenue, with a 37.35% increase. The company also saw a substantial improvement in profitability, with a 54.66% increase in profit. The company's net worth Soared by an impressive increase of 23%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Midas Knits?
In 2019, Midas Knits 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)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 20 Jan 2016 | ₹4.60 Cr | Open |
Oriental Bank Of Commerce Creation Date: 31 Dec 2012 | ₹1.50 Cr | Satisfied |
How Many Employees Work at Midas Knits?
Midas Knits has a workforce of 5 employees as of Mar 23, 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 Midas Knits, 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 Knits'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.
