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Midas Treads (India) Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 6.10 M
- Company Age 28 Year, 22 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 3.03 Cr
- Satisfied Charges ₹ 36.56 Cr
- Revenue Growth 32.61%
- Profit Growth 89.20%
- Ebitda 148.06%
- Net Worth -0.58%
- Total Assets -3.60%
About Midas Treads (India)
Midas Treads (India) Private Limited (MTIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 February 1997 and has a history of 28 years. Its registered office is in Kottayam, Kerala.
The Company is engaged in the Machinery And Equipment 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 6.10 M.
The company currently has active open charges totaling ₹3.03 Cr. The company has closed loans amounting to ₹36.56 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
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U25199KL1997PTC024585
- Company No.
024585
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Feb 1997
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ernakulam
Industry
Machinery and Equipment
What products or services does Midas Treads (India) Private Limited offer?
Midas Treads (India) Private Limited offers a wide range of products and services, including Adhesives, Glue and Sealants, Bonding Agents, Tyre, Tube & Flaps, Truck Tyres, Tyre Accessories, Engineering and Shipping Ropes, Rope.
Midas Treads (India) Private Limited
Explore comprehensive data for Midas Treads (India) Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Midas Treads (India)?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
George Varughese  | Director | 18-Feb-1997 | Current |
| Paulose Verghese | Director | 26-Jul-2002 | Current |
| Varkey Varughese | Director | 01-Nov-2010 | Current |
Financial Performance of Midas Treads (India).
Midas Treads (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 32.61% increase. The company also saw a substantial improvement in profitability, with a 89.2% increase in profit. The company's net worth dipped by a decrease of 0.58%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Midas Treads (India)?
In 2023, Midas Treads (India) 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)
Standard Treads Pvt LtdVarkey Varughese is a mutual person
Midas Rubber Pvt LtdGeorge Varughese, Paulose Verghese and 1 more are mutual person
Midas Pre Cured Treads Pvt LtdGeorge Varughese and Paulose Verghese are mutual person
Panampunna Estates Private LimitedGeorge Varughese, Paulose Verghese and 1 more are mutual person
- Midas Guardian Private Limited
George Varughese, Paulose Verghese and 1 more are mutual person
- Midas Bonding Products Private Limited
George Varughese, Paulose Verghese and 1 more are mutual person
Charges (Loans)
Open Charges
₹30.33 M
Satisfied Charges
₹365.56 M
Charges Breakdown by Lending Institutions
- State Bank Of India : 2.56 Cr
- Yes Bank Limited : 0.45 Cr
- State Bank Of Travancore : 0.02 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Aug 2024 | State Bank Of India | ₹1.81 Cr | Open |
| 01 Jul 2023 | State Bank Of India | ₹7.50 M | Open |
| 12 Oct 2022 | Yes Bank Limited | ₹4.50 M | Open |
| 07 Jul 2016 | State Bank Of Travancore | ₹0.07 M | Open |
| 21 Jul 2015 | State Bank Of Travancore | ₹0.11 M | Open |
How Many Employees Work at Midas Treads (India)?
Midas Treads (India) has a workforce of 84 employees as of Apr 09, 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 Treads (India), 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 Treads (India)'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 Treads (India)
Recent activity within the organization
- Charges
A charge with State Bank Of India amounted to Rs. 18.10 M with Charge ID 100963695 was registered on 05 Aug 2024.
- Annual General Meeting
Midas Treads (India) Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with State Bank Of India amounted to Rs. 7.50 M with Charge ID 100806532 was registered on 01 Jul 2023.
- Balance Sheet
Midas Treads (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ernakulam.
- Charges
A charge with Yes Bank Limited amounted to Rs. 4.50 M with Charge ID 100644978 was registered on 12 Oct 2022.
- Charges
A charge registered on 12 Aug 2014 via Charge ID 10556635 with Hdfc Bank Limited was fully satisfied on 07 Oct 2021.
Frequently asked questions
What is the Incorporation or founding date of Midas Treads (India) Private Limited?
Midas Treads (India) Private Limited was incorporated on 18 Feb 1997.
What is authorized share capital and paid-up capital of Midas Treads (India) Private Limited?
The authorized share capital of Midas Treads (India) Private Limited is ₹ 7.50 M and paid-up capital is ₹ 6.10 M.
Who are the current board members & directors of Midas Treads (India) Private Limited?
Currently 3 directors are associated with Midas Treads (India) Private Limited.
- George Varughese
- Paulose Verghese
- Varkey Varughese
What is the registered address of Midas Treads (India) Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Midas Treads (India) Private Limited is Midas Marketing Building Varissery, Mariathuruthu P.O India, Kottayam, Kerala, 686027.
What is the corporate identification number (CIN) and company number of Midas Treads (India) Private Limited?
The corporate identification number (CIN) of Midas Treads (India) Private Limited is U25199KL1997PTC024585 and the company number is 024585 as per Ministry of Corporate Affairs (MCA).
What is the official website of Midas Treads (India) Private Limited?
The Official website of Midas Treads (India) Private Limited is https://www.midas.ind.in
What has been the recent revenue trend for Midas Treads (India) Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Midas Treads (India) Private Limited has risen by 32.61%.
How many employees does Midas Treads (India) Private Limited currently have?
As Per 2023 financial reports, 84 employees are currently employed by Midas Treads (India) Private Limited.
What change has been observed in the net worth of Midas Treads (India) Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Midas Treads (India) Private Limited has experienced an downturn of -0.58%.
What are the total open charges for Midas Treads (India) Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Midas Treads (India) Private Limited amount to ₹ 3.03 Cr.
When was the last Balance Sheet of Midas Treads (India) Private Limited filed with the ROC?
The most recent Balance Sheet for Midas Treads (India) Private Limited was filed with the ROC on 31 Mar 2023.
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