Modern Cargo Services Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.25 M
- Company Age 37 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.00 M
- Satisfied Charges ₹ 24.10 Cr
- Revenue Growth -11.76%
- Profit Growth -84.55%
- Ebitda -20.52%
- Net Worth 0.87%
- Total Assets -9.12%
About Modern Cargo Services
Modern Cargo Services Pvt Ltd (MCSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 05 August 1987 and has a history of 37 years and eight months. Its registered office is in Mumbai, Maharashtra.
The Company is engaged in the Transport And Logistics 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 2.50 M and a paid-up capital of Rs 2.25 M.
The company currently has active open charges totaling ₹4.00 M. The company has closed loans amounting to ₹24.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
Parma Swaroop and Ashish Fanibanda serve as directors at the Company.
Company Details
- Location Mumbai, Maharashtra
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U63010MH1987PTC044299
- Company No.
044299
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Aug 1987
- Date of AGM
26 Jul 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Transport and Logistics
What products or services does Modern Cargo Services Pvt Ltd offer?
Modern Cargo Services Pvt Ltd offers a wide range of products and services, including Forwarding & Custom Clearing, Freight Forwarding Services, Cargo Transportation Services, Air Cargo Service, International Cargo Services, Sea Freight Forwarding, Transportation Services, Insurance Agents and Services, Insurance Claim Service, Custom Clearing Service.
Modern Cargo Services Pvt Ltd
Explore comprehensive data for Modern Cargo Services Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Modern Cargo Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashish Fanibanda  | Managing Director | 14-Jul-2023 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Parma Swaroop | Director | 25-Feb-2019 | Current |
Financial Performance of Modern Cargo Services.
Modern Cargo Services Pvt Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 11.76% decrease. The company also saw a substantial fall in profitability, with a 84.55% decrease in profit. The company's net worth moved up by a moderate rise of 0.87%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Modern Cargo Services?
In 2023, Modern Cargo Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Modern Dairymaid Private Limited
Parma Swaroop and Ashish Fanibanda are mutual person
Mcs Assets Private LimitedAshish Fanibanda is a mutual person
Charges (Loans)
Open Charges
₹4.00 M
Satisfied Charges
₹241.03 M
Charges Breakdown by Lending Institutions
- Others : 0.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jan 2022 | Others | ₹4.00 M | Open |
| 24 Nov 2016 | Yes Bank Limited | ₹8.00 Cr | Satisfied |
| 06 Aug 2013 | Citi Bank N.A. | ₹6.00 Cr | Satisfied |
| 09 Aug 2010 | Citi Bank N.A. | ₹6.00 Cr | Satisfied |
| 06 May 2010 | Tata Capital Limited | ₹0.79 M | Satisfied |
How Many Employees Work at Modern Cargo Services?
Unlock and access historical data on people associated with Modern Cargo Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Modern Cargo Services, 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 Modern Cargo Services'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 Modern Cargo Services
Recent activity within the organization
- Annual General Meeting
Modern Cargo Services Pvt Ltd last Annual general meeting of members was held on 26 Jul 2023 as per latest MCA records.
- Director Appointment
Ashish Firdos Fanibanda was appointed as a Managing Director was appointed as a Managing Director on 14 Jul 2023 & has been associated with this company since 1 year 8 months .
- Balance Sheet
Modern Cargo Services Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with Others amounted to Rs. 4.00 M with Charge ID 100543907 was registered on 27 Jan 2022.
- Charges
A charge registered on 06 May 2010 via Charge ID 10221722 with Tata Capital Limited was fully satisfied on 28 Oct 2021.
- Charges
A charge registered on 24 Nov 2016 via Charge ID 100079660 with Yes Bank Limited was fully satisfied on 25 Oct 2021.
Frequently asked questions
What is the Incorporation or founding date of Modern Cargo Services Pvt Ltd?
Modern Cargo Services Pvt Ltd was incorporated on 05 Aug 1987.
What is authorized share capital and paid-up capital of Modern Cargo Services Pvt Ltd?
The authorized share capital of Modern Cargo Services Pvt Ltd is ₹ 2.50 M and paid-up capital is ₹ 2.25 M.
Who are the current board members & directors of Modern Cargo Services Pvt Ltd?
Currently 2 directors are associated with Modern Cargo Services Pvt Ltd.
- Parma Nand Swaroop
- Ashish Firdos Fanibanda
What is the registered address of Modern Cargo Services Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Modern Cargo Services Pvt Ltd is Plot No 14 3Rd Floor Samhitawarehousing Complex Andheri (E) India, Mumbai, Maharashtra.
What is the corporate identification number (CIN) and company number of Modern Cargo Services Pvt Ltd?
The corporate identification number (CIN) of Modern Cargo Services Pvt Ltd is U63010MH1987PTC044299 and the company number is 044299 as per Ministry of Corporate Affairs (MCA).
What is the official website of Modern Cargo Services Pvt Ltd?
The Official website of Modern Cargo Services Pvt Ltd is https://www.moderncargo.com
What has been the recent revenue trend for Modern Cargo Services Pvt Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Modern Cargo Services Pvt Ltd has fallen by -11.76%.
What change has been observed in the net worth of Modern Cargo Services Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Modern Cargo Services Pvt Ltd has experienced an upsurge of 0.87%.
What are the total open charges for Modern Cargo Services Pvt Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Modern Cargo Services Pvt Ltd amount to ₹ 4.00 M.
When was the last Balance Sheet of Modern Cargo Services Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Modern Cargo Services Pvt Ltd was filed with the ROC on 31 Mar 2023.
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