Milton Cycle Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 4.20 M
- Company Age 64 Year, 9 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 nine 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
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
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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)
₹0
₹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.
