Midas Metcons Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 1.93 M
- Company Age 9 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 47.70 Cr
- Satisfied Charges ₹ 42.15 Cr
- Revenue Growth 0.64%
- Profit Growth 5.74%
- Ebitda -3.07%
- Net Worth 23.26%
- Total Assets 8.08%
About Midas Metcons
Midas Metcons Private Limited (MMPL) is a Private Limited Indian Non-Government Company incorporated in India on 14 December 2015 (Nine years and one month 21 days old ). Its registered office is in Ahmedabad, Gujarat, India.
The Company is engaged in the Electrical 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 M and a paid-up capital of Rs 1.93 M.
The company currently has active open charges totaling ₹47.70 Cr. The company has closed loans amounting to ₹42.15 Cr, as per Ministry of Corporate Affairs (MCA) records.
Purshottambhai Patel and Gayak Patel serve as directors at the Company.
Company Details
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Location
Ahmedabad, Gujarat, 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
U28930GJ2015PTC085364
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Company No.
085364
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
14 Dec 2015
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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 Ahmedabad
Industry
What products or services does Midas Metcons Private Limited offer?
Midas Metcons Private Limited offers a wide range of products and services, including CNC Cutting Service, CNC Plasma Cutting Services, Steel Fabrication, Stainless Steel Structure Fabrication, CNC Laser Cutting Services, Fabrication Works, Part Fabrication Services, Mild Steel Fabrication, Metal Fabrication, Sheet Metal Fabrication.
Who are the key members and board of directors at Midas Metcons?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Purshottambhai Patel
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Director | 14-Dec-2015 | Current |
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Gayak Patel
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Director | 30-Nov-2018 | Current |
Financial Performance of Midas Metcons.
Midas Metcons Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.64% increase. The company also saw a slight improvement in profitability, with a 5.74% increase in profit. The company's net worth Soared by an impressive increase of 23.26%.
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What is the Ownership and Shareholding Structure of Midas Metcons?
In 2023, Midas Metcons had a promoter holding of 74.11% and a public holding of 25.89%. 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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Hemee International Private LimitedPurshottambhai Patel is a mutual person
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Hemee Natural Oil Private LimitedPurshottambhai Patel is a mutual person
Charges (Loans)
₹477.02 M
₹421.48 M
Charges Breakdown by Lending Institutions
- The Kalupur Commercial Co-Operative Bank Limited : 47.70 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Feb 2022 | The Kalupur Commercial Co-Operative Bank Limited | ₹23.78 Cr | Open |
| 02 Dec 2021 | The Kalupur Commercial Co-Operative Bank Limited | ₹23.92 Cr | Open |
| 02 Dec 2021 | The Kalupur Commercial Co-Operative Bank Limited | ₹2.00 Cr | Satisfied |
| 24 Sep 2019 | State Bank Of India | ₹18.08 Cr | Satisfied |
| 23 Sep 2019 | State Bank Of India | ₹18.08 Cr | Satisfied |
How Many Employees Work at Midas Metcons?
Midas Metcons has a workforce of 54 employees as of Apr 06, 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 Metcons, 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 Metcons'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.
