Modernizing Trends Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
as on 16-07-2024
- Paid Up Capital ₹ 1.80 Cr
as on 16-07-2024
- Company Age 19 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 45.22 Cr
as on 16-07-2024
- Satisfied Charges ₹ 10.00 Cr
as on 16-07-2024
- Revenue 11.05%
(FY 2023)
- Profit 49.46%
(FY 2023)
- Ebitda 45.93%
(FY 2023)
- Net Worth 8.02%
(FY 2023)
- Total Assets 6.57%
(FY 2023)
About Modernizing Trends
The Corporate was formerly known as Modern Sales Agency (India) Private Limited. 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 2.00 Cr and a paid-up capital of Rs 1.80 Cr.
The company currently has active open charges totaling ₹45.22 Cr. The company has closed loans amounting to ₹10.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Nilesh Mehta, Samir Mehta, Rupesh Mehta, and Three other members serve as directors at the Company.
- CIN/LLPIN
U29120MH2005PTC155324
- Company No.
155324
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Aug 2005
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Modernizing Trends Private Limited offer?
Modernizing Trends Private Limited offers a wide range of products and services, including Security & Inspection Devices, Car Parking System, Industrial Valves & Valve Fittings, Ball Valves, Steel & Stainless Steel Products, Industrial Steel, Switches & Switch Boxes, Flow Switches, Industrial Valves, Motorized Valve.
Who are the key members and board of directors at Modernizing Trends?
Board Members(6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Samir Mehta  | Director | 12-Aug-2005 | Current |
| Nilesh Mehta | Director | 12-Aug-2005 | Current |
| Rupesh Mehta | Director | 13-Aug-2005 | Current |
| Jayshree Mehta | Director | 04-Dec-2014 | Current |
| Dipali Mehta | Director | 04-Dec-2014 | Current |
| Mita Mehta | Director | 04-Dec-2014 | Current |
Financial Performance of Modernizing Trends.
Modernizing Trends Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.05% increase. The company also saw a substantial improvement in profitability, with a 49.46% increase in profit. The company's net worth moved up by a moderate rise of 8.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Modernizing Trends?
In 2023, Modernizing Trends had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Giacomini India Private LimitedActive 15 years 6 monthsNilesh Mehta, Samir Mehta and 1 more are mutual person
- Giacoklima Systems Private LimitedActive 14 years 3 months
Nilesh Mehta, Samir Mehta and 1 more are mutual person
- Bongio India Private LimitedActive 13 years 2 months
Nilesh Mehta, Samir Mehta and 1 more are mutual person
- Giacoqest Systems Private LimitedActive 14 years 4 months
Jayshree Mehta, Dipali Mehta and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 02 Aug 2023 | ₹2.00 M | Open |
Others Creation Date: 27 Apr 2022 | ₹2.29 Cr | Open |
Others Creation Date: 27 Apr 2022 | ₹1.37 Cr | Open |
How Many Employees Work at Modernizing Trends?
Modernizing Trends has a workforce of 124 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 Modernizing Trends, 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 Modernizing Trends'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.
