Midas Rubber Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 5.60 M
- Company Age 74 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.57 M
- Satisfied Charges ₹ 3.49 Cr
- Revenue Growth 30.58%
- Profit Growth 191.54%
- Ebitda 164.26%
- Net Worth 18.60%
- Total Assets 5.71%
About Midas Rubber
Midas Rubber Pvt Ltd (MRPL) was founded in India on 28 March 1950 and has a glorious history of 74 years and ten months. Its registered office is in Kottayam, Kerala, India.
The Corporate was formerly known as Chandisons P Ltd. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.50 M and a paid-up capital of Rs 5.60 M.
The company currently has active open charges totaling ₹4.57 M. The company has closed loans amounting to ₹3.49 Cr, as per Ministry of Corporate Affairs (MCA) records.
George Varughese, Paulose Verghese, and Varkey Varughese serve as directors at the Company.
Company Details
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Location
Kottayam, Kerala, 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
U25191KL1950PTC000278
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Company No.
000278
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
28 Mar 1950
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Ernakulam
Industry
Who are the key members and board of directors at Midas Rubber?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
George Varughese
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Director | 20-Jun-1992 | Current |
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Paulose Verghese
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Director | 04-Jan-2013 | Current |
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Varkey Varughese
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Director | 15-Oct-1999 | Current |
Financial Performance of Midas Rubber.
Midas Rubber Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 30.58% increase. The company also saw a substantial improvement in profitability, with a 191.54% increase in profit. The company's net worth Soared by an impressive increase of 18.6%.
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What is the Ownership and Shareholding Structure of Midas Rubber?
In 2023, Midas Rubber had a promoter holding of 100.00%. 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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Standard Treads Pvt LtdVarkey Varughese is a mutual person
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_PRIVATE_LIMITED.webp)
Midas Treads (India) Private LimitedGeorge Varughese, Paulose Verghese and 1 more are mutual person
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Midas Pre Cured Treads Pvt LtdGeorge Varughese and Paulose Verghese are mutual person
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Panampunna Estates Private LimitedGeorge Varughese, Paulose Verghese and 1 more are mutual person
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Midas Guardian Private Limited
George Varughese, Paulose Verghese and 1 more are mutual person
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Midas Bonding Products Private Limited
George Varughese, Paulose Verghese and 1 more are mutual person
Charges (Loans)
₹4.57 M
₹34.90 M
Charges Breakdown by Lending Institutions
- Bank Of Cochin Ltd. : 0.25 Cr
- State Bank Of Travancore : 0.21 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 2016 | State Bank Of Travancore | ₹0.11 M | Open |
| 23 Mar 2016 | State Bank Of Travancore | ₹1.08 M | Open |
| 11 Jul 2015 | State Bank Of Travancore | ₹0.47 M | Open |
| 11 Jul 2014 | State Bank Of Travancore | ₹0.43 M | Open |
| 12 Apr 1980 | Bank Of Cochin Ltd. | ₹2.48 M | Open |
How Many Employees Work at Midas Rubber?
Midas Rubber has a workforce of 153 employees as of Apr 07, 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 Rubber, 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 Rubber'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.
