Midas Yarn Processors Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
as on 03-07-2024
- Paid Up Capital ₹ 3.00 Cr
as on 03-07-2024
- Company Age 32 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9.19 M
as on 03-07-2024
- Satisfied Charges ₹ 20.50 Cr
as on 03-07-2024
- Revenue -75.70%
(FY 2022)
- Profit 44.29%
(FY 2022)
- Ebitda 99.91%
(FY 2022)
- Net Worth -3.74%
(FY 2022)
- Total Assets -2.92%
(FY 2022)
About Midas Yarn Processors
The Corporate was formerly known as Midas Yarn Processors Limited. 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 3.00 Cr and a paid-up capital of Rs 3.00 Cr.
The company currently has active open charges totaling ₹9.19 M. The company has closed loans amounting to ₹20.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
Anup Mittal and Naran Ravat serve as directors at the Company.
- CIN/LLPIN
U17119GJ1992PTC017250
- Company No.
017250
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 Mar 1992
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Midas Yarn Processors Private Limited offer?
Midas Yarn Processors Private Limited offers a wide range of products and services, including Yarns & Threads, Yarn, Threads.
Who are the key members and board of directors at Midas Yarn Processors?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anup Mittal  | Managing Director | 23-Jul-1996 | Current |
Board Members(1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Naran Ravat | Additional Director | 01-Dec-2022 | Current |
Financial Performance of Midas Yarn Processors.
Midas Yarn Processors Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 75.7% decrease. The company also saw a substantial improvement in profitability, with a 44.29% increase in profit. The company's net worth dipped by a decrease of 3.74%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Midas Yarn Processors?
In 2021, Midas Yarn Processors had a promoter holding of 100.00% and a public holding of 0.01%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Midas Twisters Private LimitedActive 24 years 3 monthsAnup Mittal and Naran Ravat are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 05 Apr 2021 | ₹0.73 M | Open |
Others Creation Date: 19 Feb 2021 | ₹7.00 M | Open |
Others Creation Date: 02 Feb 2021 | ₹0.73 M | Open |
How Many Employees Work at Midas Yarn Processors?
Midas Yarn Processors has a workforce of 4 employees as of Apr 02, 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 Yarn Processors, 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 Yarn Processors'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.
