Modern Engineering Services Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 0.98 M
- Company Age 36 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2.38 Cr
- Satisfied Charges ₹ 6.35 Cr
- Revenue Growth -31.25%
- Profit Growth 547.56%
- Ebitda -5.30%
- Net Worth 0.54%
- Total Assets -12.52%
About Modern Engineering Services
Modern Engineering Services Pvt Ltd (MESPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 February 1988 and has a history of 36 years and 11 months. Its registered office is in Sundergarh, Orissa, India.
The Company is engaged in the Machinery And Equipment 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 1.00 M and a paid-up capital of Rs 0.98 M.
The company currently has active open charges totaling ₹2.38 Cr. The company has closed loans amounting to ₹6.35 Cr, as per Ministry of Corporate Affairs (MCA) records.
Pradeep Gosain, Tina Gosain, Riya Gosain, and One other member serve as directors at the Company.
Company Details
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Location
Sundergarh, Orissa, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U29214OR1988PTC001972
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Company No.
001972
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
04 Feb 1988
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Cuttack
Industry
What products or services does Modern Engineering Services Pvt Ltd offer?
Modern Engineering Services Pvt Ltd offers a wide range of products and services, including Casting, Moulding & Forging Machines, Foundry Machinery, Milling & Grinding Tools, Milling Machines, Rolling Mills, Hot Rolling Mill, Cold Rolling Mills.
Who are the key members and board of directors at Modern Engineering Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pradeep Gosain
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Managing Director | 04-Feb-1988 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Tina Gosain
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Director | 15-Feb-1988 | Current |
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Riya Gosain
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Director | 15-Mar-2012 | Current |
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Shreya Gosain
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Director | 24-Mar-2012 | Current |
Financial Performance of Modern Engineering Services.
Modern Engineering Services Pvt Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 31.25% decrease. The company also saw a substantial improvement in profitability, with a 547.56% increase in profit. The company's net worth moved up by a moderate rise of 0.54%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Modern Engineering Services?
In 2023, Modern Engineering Services had a promoter holding of 90.26% and a public holding of 9.74%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹23.83 M
₹63.50 M
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 2.29 Cr
- State Bank Of India : 0.09 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Sep 2020 | Axis Bank Limited | ₹2.90 M | Open |
| 24 Mar 2014 | Axis Bank Limited | ₹2.00 Cr | Open |
| 15 Mar 1993 | State Bank Of India | ₹0.93 M | Open |
| 30 Jan 2010 | Oriental Bank Of Commerce | ₹3.50 Cr | Satisfied |
| 05 Jul 2001 | Oreintal Bank Of Commerce | ₹2.50 Cr | Satisfied |
How Many Employees Work at Modern Engineering Services?
Modern Engineering Services has a workforce of 17 employees as of Apr 05, 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 Modern Engineering 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 Engineering 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.
