Midwest Neostone Private Limited

Manufactures sintered stones and non-metallic products as a subsidiary of Midwest Granite.

2017 | Prakasam, Andhra Pradesh (India) | Active
Last Updated: October 24, 2024

Midwest Neostone Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 8.71 Cr
  • Company Age 8 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 85.00 Cr
  • Revenue Growth -72.25%
  • Profit Growth 40.82%
  • Ebitda 95.48%
  • Net Worth -10.25%
  • Total Assets -1.72%

About Midwest Neostone

Midwest Neostone Private Limited (MNPL) is a Private Limited Indian Non-Government Company incorporated in India on 17 January 2017 (Eight years and one month 5 days old ). Its registered office is in Prakasam, Andhra Pradesh, India.

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 10.00 Cr and a paid-up capital of Rs 8.71 Cr.

The company currently has active open charges totaling ₹85.00 Cr.

Ranganayakamma Kollareddy, Kollareddy Ramachandra, and Kukreti Soumya serve as directors at the Company.

Company Details

  • Location

    Prakasam, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    midwestgranite.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U26990AP2017PTC104823

  • Company No.

    104823

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Jan 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Manufacturing

Who are the key members and board of directors at Midwest Neostone?

Board Members (3)

NameDesignationAppointment DateStatus
Kukreti Soumya Country flag representing In Director 10-Dec-2021Current
Ranganayakamma Kollareddy Country flag representing In Director 01-Sep-2017Current
Kollareddy Ramachandra Country flag representing In Director 17-Jan-2017Current

Financial Performance of Midwest Neostone.

Midwest Neostone Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 72.25% decrease. The company also saw a substantial improvement in profitability, with a 40.82% increase in profit. The company's net worth observed a substantial decline by a decrease of 10.25%.

Graph illustrating revenue growth over time
Graph showing 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
-72.25%
Revenue from Operations
Total Assets
-1.72%
Profit or Loss
40.82%
Net Worth
-10.25%
EBITDA
95.48%

What is the Ownership and Shareholding Structure of Midwest Neostone?

In 2023, Midwest Neostone 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

₹85.00 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 85.00 Cr

Latest Charge Details

DateLenderAmountStatus
19 Jan 2024Hdfc Bank Limited₹85.00 CrOpen

How Many Employees Work at Midwest Neostone?

Unlock and access historical data on people associated with Midwest Neostone, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Midwest Neostone, 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 Midwest Neostone'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 Midwest Neostone

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 85.00 Cr registered on 19 Jan 2024 with Charge ID 100867026 was modified on 20 Mar 2024.

    20 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 85.00 Cr with Charge ID 100867026 was registered on 19 Jan 2024.

    19 Jan 2024

  • Annual General Meeting

    Midwest Neostone Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Midwest Neostone Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.

    31 Mar 2023

  • Director Appointment

    Kukreti Soumya was appointed as a Director was appointed as a Director on 10 Dec 2021 & has been associated with this company since 3 years 2 months .

    10 Dec 2021

  • Director Appointment

    Ranganayakamma Kollareddy was appointed as a Director was appointed as a Director on 01 Sep 2017 & has been associated with this company since 7 years 5 months .

    01 Sep 2017

Frequently asked questions

  • Midwest Neostone Private Limited was incorporated on 17 Jan 2017.

  • The authorized share capital of Midwest Neostone Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 8.71 Cr.

  • Currently 3 directors are associated with Midwest Neostone Private Limited.

    • Ranganayakamma Kollareddy
    • Kollareddy Ramachandra
    • Kukreti Soumya
  • As per Ministry of Corporate Affairs (Mca), the registered address of Midwest Neostone Private Limited is D.No.35-065-138 Mangamuru Road, South By-Pass Road Behind Y.S.R. Congress Party Office India, Ongole, Andhra Pradesh, 523002.

  • The corporate identification number (CIN) of Midwest Neostone Private Limited is U26990AP2017PTC104823 and the company number is 104823 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Midwest Neostone Private Limited is https://www.midwestgranite.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Midwest Neostone Private Limited has fallen by -72.25%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Midwest Neostone Private Limited has experienced an downturn of -10.25%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Midwest Neostone Private Limited amount to ₹ 85.00 Cr.

  • The most recent Balance Sheet for Midwest Neostone Private Limited was filed with the ROC on 31 Mar 2023.

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