Mining Associates Profile
Key Indicators
- Authorised Capital ₹ 4.00 Cr
as on 05-07-2024
- Paid Up Capital ₹ 1.91 Cr
as on 05-07-2024
- Company Age 21 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 97.90 Cr
as on 05-07-2024
- Satisfied Charges ₹ 54.74 Cr
as on 05-07-2024
- Revenue 36.84%
(FY 2023)
- Profit -39.15%
(FY 2023)
- Ebitda 3.33%
(FY 2023)
- Net Worth 1.18%
(FY 2023)
- Total Assets 5.90%
(FY 2023)
About Mining Associates
The Company is engaged in the Metals And Minerals 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 4.00 Cr and a paid-up capital of Rs 1.91 Cr.
The company currently has active open charges totaling ₹97.90 Cr. The company has closed loans amounting to ₹54.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
Pratik Bansal, Rajesh Bansal, and Sanjay Bansal serve as directors at the Company.
- CIN/LLPIN
U10200WB2003PTC096162
- Company No.
096162
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 May 2003
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Company Details
- Location
Kulti, West Bengal, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Mining Associates Private Limited offer?
Mining Associates Private Limited offers a wide range of products and services, including Saw Blades & Grinding Wheels, Diamond Cutting Tools, Drilling, Boring & Mining Services, Drilling Job Work, Borewell Drilling Service, Core Drilling Services, Deep Hole Drilling Service, Tubewell Drilling Services, Building Survey & Soil Investigation, Geotechnical Engineering.
Who are the key members and board of directors at Mining Associates?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pratik Bansal  | Director | 15-May-2018 | Current |
| Rajesh Bansal | Director | 10-May-2004 | Current |
| Sanjay Bansal | Director | 06-May-2003 | Current |
Financial Performance of Mining Associates.
Mining Associates Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36.84% increase. The company also saw a substantial fall in profitability, with a 39.15% decrease in profit. The company's net worth moved up by a moderate rise of 1.18%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mining Associates?
In 2023, Mining Associates had a promoter holding of 100.00%. The company had 1 Subsidiary and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Transnational Drilling & Mining Associates Private LimitedActive 15 years 11 monthsPratik Bansal, Rajesh Bansal and 1 more are mutual person
Mitchell Drilling India Private LimitedActive 21 years 5 monthsPratik Bansal, Rajesh Bansal and 1 more are mutual person
- Park View Buildwell Private LimitedActive 14 years 7 months
Pratik Bansal, Rajesh Bansal and 1 more are mutual person
- Mining Associates Energy Private LimitedActive 12 years 5 months
Rajesh Bansal and Sanjay Bansal are mutual person
Charges (Loans)
₹97.90 Cr
₹54.74 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 45.06 Cr
- Hdfc Bank Limited : 34.75 Cr
- Punjab & Sind Bank : 10.00 Cr
- Others : 5.73 Cr
- Icici Bank Limited : 1.65 Cr
- Others : 0.71 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2023 | Hdfc Bank Limited | ₹1.08 Cr | Open |
| 11 Sep 2023 | Hdfc Bank Limited | ₹0.86 M | Open |
| 28 Nov 2022 | Hdfc Bank Limited | ₹1.01 Cr | Open |
| 11 Oct 2022 | Axis Bank Limited | ₹35.00 Cr | Open |
| 31 Aug 2022 | Hdfc Bank Limited | ₹5.31 M | Open |
How Many Employees Work at Mining Associates?
Mining Associates has a workforce of 728 employees as of Apr 09, 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 Mining Associates, 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 Mining Associates'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.
