Midas Petrochem Profile
Key Indicators
- Authorised Capital ₹ 13.00 Cr
- Paid Up Capital ₹ 12.91 Cr
- Company Age 12 Year, 3 Months
- Last Filing with ROC 31 Mar 2021
- Open Charges ₹ 31.01 Cr
- Satisfied Charges ₹ 30.80 Cr
- Revenue Growth -30.67%
- Profit Growth -873.84%
- Ebitda -99.31%
- Net Worth -21.53%
- Total Assets -3.87%
About Midas Petrochem
Midas Petrochem Private Limited (MPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 05 November 2012 and has a history of 12 years and three months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Trading Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2021. It's a company limited by shares with an authorized capital of Rs 13.00 Cr and a paid-up capital of Rs 12.91 Cr.
The company currently has active open charges totaling ₹31.01 Cr. The company has closed loans amounting to ₹30.80 Cr, as per Ministry of Corporate Affairs (MCA) records.
Hasmukhrai Janani and Deepesh Janani serve as directors at the Company.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U51103MH2012PTC237557
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Company No.
237557
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
05 Nov 2012
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Date of AGM
30 Nov 2021
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Date of Balance Sheet
31 Mar 2021
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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 Midas Petrochem?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Deepesh Janani
|
Director | 05-Nov-2012 | Current |
|
Hasmukhrai Janani
|
Director | 05-Nov-2012 | Current |
Financial Performance of Midas Petrochem.
Midas Petrochem Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 30.67% decrease. The company also saw a substantial fall in profitability, with a 873.84% decrease in profit. The company's net worth observed a substantial decline by a decrease of 21.53%.
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What is the Ownership and Shareholding Structure of Midas Petrochem?
In 2021, Midas Petrochem 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)
₹31.01 Cr
₹30.80 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 27.95 Cr
- Others : 3.06 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Sep 2020 | Axis Bank Limited | ₹4.95 Cr | Open |
| 31 Aug 2020 | Others | ₹3.06 Cr | Open |
| 28 Sep 2016 | Axis Bank Limited | ₹23.00 Cr | Open |
| 29 Jan 2020 | Axis Bank Limited | ₹2.00 Cr | Satisfied |
| 16 Sep 2019 | Axis Bank Limited | ₹2.30 Cr | Satisfied |
How Many Employees Work at Midas Petrochem?
Unlock and access historical data on people associated with Midas Petrochem, 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 Petrochem, 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 Petrochem'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.