Midas Safety Products Profile
Key Indicators
- Authorised Capital ₹ 7.45 Cr
- Paid Up Capital ₹ 5.18 Cr
- Company Age 13 Year, 11 Months
- Last Filing with ROC 31 Mar 2017
- Satisfied Charges ₹ 5.50 Cr
- Revenue Growth 59.90%
- Profit Growth -358.37%
- Ebitda 85.72%
- Net Worth -94.23%
- Total Assets -51.59%
About Midas Safety Products
Midas Safety Products Private Limited (MSPPL) is Amalgamated company established on 12 May 2011 with its office registered at Coimbatore, Tamil Nadu, India and has been running since 13 Year, 11 Months with a paid up capital of 5.18 Cr. According to MCA records, 3 Directors are linked to this company as of 15 Jan 2025.
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U18100TZ2011PTC017056
- Company No.
017056
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 May 2011
- Date of AGM
28 Sep 2017
- Date of Balance Sheet
31 Mar 2017
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Manufacturing
Midas Safety Products Private Limited
Explore comprehensive data for Midas Safety Products Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Midas Safety Products?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Meenaz Kassam  | Director | 02-May-2013 | Current |
Mohamed Kassam  | Director | 02-May-2013 | Current |
| Pudukkaraipudur Balaji | Director | 19-Aug-2013 | Current |
Financial Performance of Midas Safety Products.
Midas Safety Products Private Limited, for the financial year ended 2017, experienced significant growth in revenue, with a 59.9% increase. The company also saw a substantial fall in profitability, with a 358.37% decrease in profit. The company's net worth observed a substantial decline by a decrease of 94.23%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Midas Safety Products?
In 2017, Midas Safety Products 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)
Midas Safety Private LimitedPudukkaraipudur Balaji is a mutual person
Karam Safety Private LimitedPudukkaraipudur Balaji is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹5.50 Cr
Charges Breakdown by Lending Institutions
- The Hongkong And Shanghai Banking Corporation Limited : 5.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Oct 2012 | The Hongkong And Shanghai Banking Corporation Limited | ₹5.50 Cr | Satisfied |
How Many Employees Work at Midas Safety Products?
Midas Safety Products has a workforce of 65 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 Safety Products, 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 Safety Products'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.
Latest Updates, News, and FAQs on Midas Safety Products
Recent activity within the organization
- Annual General Meeting
Midas Safety Products Private Limited last Annual general meeting of members was held on 28 Sep 2017 as per latest MCA records.
- Balance Sheet
Midas Safety Products Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Coimbatore.
- Director Appointment
Pudukkaraipudur Srinivasan Balaji was appointed as a Director was appointed as a Director on 19 Aug 2013 & has been associated with this company since 11 years 8 months .
- Charges
A charge registered on 08 Oct 2012 via Charge ID 10379834 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 07 Jun 2013.
- Director Appointment
Meenaz Kassam was appointed as a Director was appointed as a Director on 02 May 2013 & has been associated with this company since 12 years 7 days .
- Director Appointment
Mohamed Kassam was appointed as a Director was appointed as a Director on 02 May 2013 & has been associated with this company since 12 years 7 days .
Frequently asked questions
What is the Incorporation or founding date of Midas Safety Products Private Limited?
Midas Safety Products Private Limited was incorporated on 12 May 2011.
What is authorized share capital and paid-up capital of Midas Safety Products Private Limited?
The authorized share capital of Midas Safety Products Private Limited is ₹ 7.45 Cr and paid-up capital is ₹ 5.18 Cr.
Who are the current board members & directors of Midas Safety Products Private Limited?
Currently 3 directors are associated with Midas Safety Products Private Limited.
- Meenaz Kassam
- Mohamed Kassam
- Pudukkaraipudur Srinivasan Balaji
What is the registered address of Midas Safety Products Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Midas Safety Products Private Limited is 2/31A Thennampalayam Annur Road, Arasur India, Coimbatore, Tamil Nadu, 641407.
What is the corporate identification number (CIN) and company number of Midas Safety Products Private Limited?
The corporate identification number (CIN) of Midas Safety Products Private Limited is U18100TZ2011PTC017056 and the company number is 017056 as per Ministry of Corporate Affairs (MCA).
What is the official website of Midas Safety Products Private Limited?
The Official website of Midas Safety Products Private Limited is https://www.midassafety.com
What has been the recent revenue trend for Midas Safety Products Private Limited?
According to the financial reports for the fiscal year 2017, the revenue trend for Midas Safety Products Private Limited has risen by 59.90%.
How many employees does Midas Safety Products Private Limited currently have?
As Per 2017 financial reports, 65 employees are currently employed by Midas Safety Products Private Limited.
What change has been observed in the net worth of Midas Safety Products Private Limited, and by what percentage?
The financial reports for the fiscal year 2017 indicates that The net worth of Midas Safety Products Private Limited has experienced an downturn of -94.23%.
When was the last Balance Sheet of Midas Safety Products Private Limited filed with the ROC?
The most recent Balance Sheet for Midas Safety Products Private Limited was filed with the ROC on 31 Mar 2017.
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