Milton Cycle Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 4.20 M
- Company Age 64 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 14.70 Cr
- Revenue Growth -92.69%
- Profit Growth -262.17%
- Ebitda -41.68%
- Net Worth -27.92%
- Total Assets 2.69%
About Milton Cycle Industries
Milton Cycle Industries Limited (MCIL) was founded in India on 10 May 1960 and has a glorious history of 64 years and ten months.Its registered office is in Sonipat, Haryana, India.
The Company is engaged in the Automotive 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 1.00 Cr and a paid-up capital of Rs 4.20 M.
The company has closed loans amounting to ₹14.70 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Ashok Sharma, Vinod Buber, and Kamal Kohli serve as directors at the Company.
Company Details
- Location
Sonipat, Haryana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U35923HR1960PLC002317
- Company No.
002317
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
10 May 1960
- Date of AGM
10 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Automotive
Who are the key members and board of directors at Milton Cycle Industries?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vinod Buber  | Whole-Time Director | 04-Feb-2022 | Current |
| Ashok Sharma | Director | 04-Oct-2021 | Current |
| Kamal Kohli | Director Appointed In Casual Vacancy | 30-Nov-2024 | Current |
Financial Performance of Milton Cycle Industries.
Milton Cycle Industries Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 92.69% decrease. The company also saw a substantial fall in profitability, with a 262.17% decrease in profit. The company's net worth observed a substantial decline by a decrease of 27.92%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Milton Cycle Industries?
In 2022, Milton Cycle Industries had a promoter holding of 57.77% and a public holding of 42.23%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹14.70 Cr
Charges Breakdown by Lending Institutions
- Union Bank Of India : 10.00 Cr
- Indusind Bank Limited : 3.20 Cr
- Indus Ind Bank Limited : 1.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jan 2011 | Union Bank Of India | ₹10.00 Cr | Satisfied |
| 27 Feb 2007 | Indusind Bank Limited | ₹8.50 M | Satisfied |
| 27 Feb 2007 | Indusind Bank Limited | ₹8.50 M | Satisfied |
| 27 Feb 2007 | Indusind Bank Limited | ₹1.50 Cr | Satisfied |
| 06 Apr 2006 | Indus Ind Bank Limited | ₹1.50 Cr | Satisfied |
How Many Employees Work at Milton Cycle Industries?
Milton Cycle Industries has a workforce of 6 employees as of Apr 08, 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 Milton Cycle Industries, 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 Milton Cycle Industries'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 Milton Cycle Industries
Recent activity within the organization
- Director Appointment
Kamal Kohli was appointed as a Director Appointed In Casual Vacancy was appointed as a Director Appointed In Casual Vacancy on 30 Nov 2024 & has been associated with this company since 4 months .
- Annual General Meeting
Milton Cycle Industries Limited last Annual general meeting of members was held on 10 Sep 2024 as per latest MCA records.
- Balance Sheet
Milton Cycle Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
- Director Appointment
Vinod Buber was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 04 Feb 2022 & has been associated with this company since 3 years 1 month .
- Director Appointment
Ashok Kumar Sharma was appointed as a Director was appointed as a Director on 04 Oct 2021 & has been associated with this company since 3 years 5 months .
- Charges
A charge registered on 21 Jan 2011 via Charge ID 10267957 with Union Bank Of India was fully satisfied on 16 Jul 2021.
Frequently asked questions
What is the Incorporation or founding date of Milton Cycle Industries Limited?
Milton Cycle Industries Limited was incorporated on 10 May 1960.
What is authorized share capital and paid-up capital of Milton Cycle Industries Limited?
The authorized share capital of Milton Cycle Industries Limited is ₹ 1.00 Cr and paid-up capital is ₹ 4.20 M.
Who are the current board members & directors of Milton Cycle Industries Limited?
Currently 3 directors are associated with Milton Cycle Industries Limited.
- Ashok Kumar Sharma
- Vinod Buber
- Kamal Kohli
What is the registered address of Milton Cycle Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Milton Cycle Industries Limited is Industrial Areasonepat India, Haryana, 131001.
What is the corporate identification number (CIN) and company number of Milton Cycle Industries Limited?
The corporate identification number (CIN) of Milton Cycle Industries Limited is U35923HR1960PLC002317 and the company number is 002317 as per Ministry of Corporate Affairs (MCA).
What is the official website of Milton Cycle Industries Limited?
The Official website of Milton Cycle Industries Limited is https://www.miltoncycles.com
What has been the recent revenue trend for Milton Cycle Industries Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Milton Cycle Industries Limited has fallen by -92.69%.
How many employees does Milton Cycle Industries Limited currently have?
As Per 2022 financial reports, 6 employees are currently employed by Milton Cycle Industries Limited.
What change has been observed in the net worth of Milton Cycle Industries Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Milton Cycle Industries Limited has experienced an downturn of -27.92%.
When was the last Balance Sheet of Milton Cycle Industries Limited filed with the ROC?
The most recent Balance Sheet for Milton Cycle Industries Limited was filed with the ROC on 31 Mar 2024.
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