Midas Rubber Pvt Ltd

Rubber manufacturing company offering rubber compound, tread rubber, and pre-cured tread rubber.

1950 | Kottayam, Kerala (India) | Active
Last Updated:

Midas Rubber Profile

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 5.60 M
  • Company Age 74 Year, 11 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 11 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

  • Location

    Kottayam, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U25191KL1950PTC000278

  • Company No.

    000278

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Mar 1950

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Manufacturing
Company report

Midas Rubber Pvt Ltd

Explore comprehensive data for Midas Rubber Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Midas Rubber?

Board Members (3)

NameDesignationAppointment DateStatus
George Varughese Country flag representing In Director 20-Jun-1992Current
Paulose Verghese Country flag representing In Director 04-Jan-2013Current
Varkey Varughese Country flag representing In Director 15-Oct-1999Current

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%.

Midas Rubber revenue growth over time
Midas Rubber profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
30.58%
Revenue from Operations
31.02%
Total Assets
5.71%
Profit or Loss
191.54%
Net Worth
18.60%
EBITDA
164.26%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.57 M

Satisfied Charges

₹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

DateLenderAmountStatus
25 Aug 2016State Bank Of Travancore₹0.11 MOpen
23 Mar 2016State Bank Of Travancore₹1.08 MOpen
11 Jul 2015State Bank Of Travancore₹0.47 MOpen
11 Jul 2014State Bank Of Travancore₹0.43 MOpen
12 Apr 1980Bank Of Cochin Ltd.₹2.48 MOpen

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.

Employee growth trends for Midas Rubber Pvt Ltd

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Midas Rubber

Recent activity within the organization

  • Annual General Meeting

    Midas Rubber Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Midas Rubber Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ernakulam.

  • Charges

    A charge registered on 04 Mar 1989 via Charge ID 90021814 with State Bank Of India was fully satisfied on 07 Jan 2022.

  • Charges

    A charge registered on 28 Jan 2015 via Charge ID 10554748 with State Bank Of Travancore was fully satisfied on 10 Aug 2021.

  • Charges

    A charge registered on 28 Jan 2015 via Charge ID 10554796 with State Bank Of Travancore was fully satisfied on 10 Aug 2021.

  • Charges

    A charge registered on 28 Jan 2015 via Charge ID 10554940 with State Bank Of Travancore was fully satisfied on 10 Aug 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Midas Rubber Pvt Ltd?

    Midas Rubber Pvt Ltd was incorporated on 28 Mar 1950.

  • What is authorized share capital and paid-up capital of Midas Rubber Pvt Ltd?

    The authorized share capital of Midas Rubber Pvt Ltd is ₹ 7.50 M and paid-up capital is ₹ 5.60 M.

  • Who are the current board members & directors of Midas Rubber Pvt Ltd?

    Currently 3 directors are associated with Midas Rubber Pvt Ltd.

    • George Varughese
    • Paulose Verghese
    • Varkey Varughese

  • What is the registered address of Midas Rubber Pvt Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Midas Rubber Pvt Ltd is Midas Marketing Building Varisserry Mariathuruthu P.O., Kottayam, Kerala, India, 686027.

  • What is the corporate identification number (CIN) and company number of Midas Rubber Pvt Ltd?

    The corporate identification number (CIN) of Midas Rubber Pvt Ltd is U25191KL1950PTC000278 and the company number is 000278 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Midas Rubber Pvt Ltd?

    The Official website of Midas Rubber Pvt Ltd is https://www.midastreads.com

  • What has been the recent revenue trend for Midas Rubber Pvt Ltd?

    According to the financial reports for the fiscal year 2023, the revenue trend for Midas Rubber Pvt Ltd has risen by 30.58%.

  • How many employees does Midas Rubber Pvt Ltd currently have?

    As Per 2023 financial reports, 153 employees are currently employed by Midas Rubber Pvt Ltd.

  • What change has been observed in the net worth of Midas Rubber Pvt Ltd, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Midas Rubber Pvt Ltd has experienced an upsurge of 18.60%.

  • What are the total open charges for Midas Rubber Pvt Ltd?

    As per the financial statements for fiscal Year 2023, The total open charges for Midas Rubber Pvt Ltd amount to ₹ 4.57 M.

  • When was the last Balance Sheet of Midas Rubber Pvt Ltd filed with the ROC?

    The most recent Balance Sheet for Midas Rubber Pvt Ltd was filed with the ROC on 31 Mar 2023.

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