Midas Yarn Processors Private Limited

Produces high-quality polyester yarn with value additions, located in Gujarat.

1992 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Midas Yarn Processors Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 3.00 Cr
  • Company Age 33 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 9.19 M
  • Satisfied Charges ₹ 20.50 Cr
  • Revenue Growth -75.70%
  • Profit Growth 44.29%
  • Ebitda 99.91%
  • Net Worth -3.74%
  • Total Assets -2.92%

About Midas Yarn Processors

Midas Yarn Processors Private Limited (MYPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 March 1992 and has a history of 33 years and two months. Its registered office is in Ahmedabad, Gujarat, India.

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 2024. 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.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17119GJ1992PTC017250

  • Company No.

    017250

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Mar 1992

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

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.

Company report

Midas Yarn Processors Private Limited

Explore comprehensive data for Midas Yarn Processors Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Anup Mittal Country flag representing In Managing Director23-Jul-1996Current

Board Members (1)

NameDesignationAppointment DateStatus
Naran Ravat Country flag representing In Additional Director 01-Dec-2022Current

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%.

Midas Yarn Processors revenue growth over time
Midas Yarn Processors 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
-75.70%
Revenue from Operations
-56.81%
Total Assets
-2.92%
Profit or Loss
44.29%
Net Worth
-3.74%
EBITDA
99.91%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.92 Cr

Satisfied Charges

₹20.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 0.92 Cr

Latest Charge Details

DateLenderAmountStatus
05 Apr 2021Others₹0.73 MOpen
19 Feb 2021Others₹7.00 MOpen
02 Feb 2021Others₹0.73 MOpen
22 Oct 2020Others₹0.73 MOpen
24 Feb 2021Others₹7.00 MSatisfied

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.

Employee growth trends for Midas Yarn Processors Private Limited

Deals i

Graph showing company valuation over time

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

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 Yarn Processors

Recent activity within the organization

  • Annual General Meeting

    Midas Yarn Processors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Midas Yarn Processors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Director Appointment

    Naran Udaylal Ravat was appointed as a Additional Director was appointed as a Additional Director on 01 Dec 2022 & has been associated with this company since 2 years 5 months .

  • Charges

    A charge registered on 24 Feb 2021 via Charge ID 100431799 with Others was fully satisfied on 09 Jul 2021.

  • Charges

    A charge with Others amounted to Rs. 0.07 Cr with Charge ID 100451461 was registered on 05 Apr 2021.

  • Charges

    A charge with Others amounted to Rs. 0.70 Cr with Charge ID 100431799 was registered on 24 Feb 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Midas Yarn Processors Private Limited?

    Midas Yarn Processors Private Limited was incorporated on 09 Mar 1992.

  • What is authorized share capital and paid-up capital of Midas Yarn Processors Private Limited?

    The authorized share capital of Midas Yarn Processors Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 3.00 Cr.

  • Who are the current board members & directors of Midas Yarn Processors Private Limited?

    Currently 2 directors are associated with Midas Yarn Processors Private Limited.

    • Anup Mittal
    • Naran Udaylal Ravat

  • What is the registered address of Midas Yarn Processors Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Midas Yarn Processors Private Limited is 1-B, Riverview Apptnear Dinesh Hall Ashram Road India, Ahmedabad, Gujarat, 380009.

  • What is the corporate identification number (CIN) and company number of Midas Yarn Processors Private Limited?

    The corporate identification number (CIN) of Midas Yarn Processors Private Limited is U17119GJ1992PTC017250 and the company number is 017250 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Midas Yarn Processors Private Limited?

    The Official website of Midas Yarn Processors Private Limited is https://www.midasyarn.com

  • What has been the recent revenue trend for Midas Yarn Processors Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Midas Yarn Processors Private Limited has fallen by -75.70%.

  • How many employees does Midas Yarn Processors Private Limited currently have?

    As Per 2022 financial reports, 4 employees are currently employed by Midas Yarn Processors Private Limited.

  • What change has been observed in the net worth of Midas Yarn Processors Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Midas Yarn Processors Private Limited has experienced an downturn of -3.74%.

  • What are the total open charges for Midas Yarn Processors Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Midas Yarn Processors Private Limited amount to ₹ 9.19 M.

  • When was the last Balance Sheet of Midas Yarn Processors Private Limited filed with the ROC?

    The most recent Balance Sheet for Midas Yarn Processors Private Limited was filed with the ROC on 31 Mar 2024.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial

People also Viewed

Similar Companies Based on Textile & Fabric Production