About Midas Infra Trade Limited
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Midas Infra Trade Limited is a public limited company based in New Delhi, Delhi, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 26 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L65910DL1994PLC062379. Its GSTIN is 07AAECA3196Q1Z4 (Delhi). The company holds 3 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 26 Aug 2024 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹12.2 Cr. It was formerly known as Associated Fin Lease Limited and Associated Finlease Limited. It is led by directors including Rajnish Chopra (Managing Director) and Bhagat Ram.
Its last annual general meeting (AGM) was held on 30 January 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 301 2633 – 2634 Bank Street Karol Bagh, New Delhi, Delhi, India – 110005.
As per the financials filed for FY 2020, the company reported a revenue of ₹117.66 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹36.14 Lakh (net margin 0.3%) and EBITDA of ₹1.28 Cr (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 500% over three years and 105% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
Court records list 60 cases involving the company, including 5 filed by the company and 55 filed against it; 2 cases are pending. The company has 85 deals on record (85 market trades); the latest was in July 2013.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mitl.org.in.
Company details
Name history
Midas Infra Trade has undergone 2 name changes throughout its history. The company was previously known as Associated Fin Lease Limited, and Associated Finlease Limited. The current legal name is Midas Infra Trade Limited.
| Company Name | Status |
|---|---|
| Midas Infra Trade Limited | Current |
| Associated Fin Lease Limited | Previous |
| Associated Finlease Limited | Previous |
CIN history
Midas Infra Trade has one previous CIN (Corporate Identification Number): U65910DL1994PLC062379. The current CIN is L65910DL1994PLC062379, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910DL1994PLC062379 | Current |
| U65910DL1994PLC062379 | Previous |
Contact details
Midas Infra Trade Limited's registered office is in New Delhi, Delhi. Its website is mitl.org.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address301 2633 – 2634 Bank Street Karol Bagh, New Delhi, Delhi, India – 110005
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Midas Infra Trade Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Midas Infra Trade is trade. In detail, this covers wholesale trading and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Midas Infra Trade Limited, buy the company report.
Financials of Midas Infra Trade Limited
FY 2020 filings availableMidas Infra Trade Limited reported revenue of ₹117.66 Cr (down 26% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 105%. EBITDA fell 58% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹117.66 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.14 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Midas Infra Trade Limited, buy the company report.
Board of directors of Midas Infra Trade Limited
Midas Infra Trade has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhagat Ram | Director | 13 Aug 2018 | 8 Years 2 Months | Current |
| Rajnish Chopra Also directs: Hindustan Gold & Gems House Private Limited, HDC Private Limited | Managing Director | 01 Aug 2017 | 9 Years 3 Months | Current |
| Shyam Sundar | Additional Director | 28 May 2020 | 6 Years 5 Months | Current |
Auditor
Midas Infra Trade Limited is audited by A P R A & ASSOCIATES LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P R A & ASSOCIATES LLP | FY 2020 | 011078N |
Shareholding
The shareholding of Midas Infra Trade Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midas Infra Trade Limited, buy the company report.
Deals & funding
Midas Infra Trade Limited has 85 deals on record (85 market trades); the latest was in July 2013.
Deals on record (5 of 85)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Market trade | ₹11.7 Lakh | Seller: Pummy Garments Private Limited , an individual |
| May 2013 | Market trade | ₹8.5 Lakh | Buyer: Shridhar Financial Services Limited Seller: Excellent Fincap Private Limited |
| May 2013 | Market trade | ₹56.2 Lakh | Buyer: Chrishmatic Developers Private Limited Seller: Alps Motor Finance Limited |
| Mar 2013 | Market trade | ₹28.6 Lakh | Buyer: N D Financial Services Private Limited , Strop Creation Private Limited , Zaptune Software Private Limited Seller: Excellent Fincap Private Limited , an individual |
| Mar 2013 | Market trade | ₹37.7 Lakh | Buyer: N D Financial Services Private Limited , Pummy Garments Private Limited Seller: an individual |
To see the full deal history of Midas Infra Trade Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Midas Infra Trade Limited has 60 court cases on record: 5 filed by Midas Infra Trade, 55 filed against it. 2 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 49 | 47 | 2 |
| High courts | 8 | 7 | 0 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by M/S Hariprasad Gopi Krishna Jewellers Pvt. Ltd.A Private Limited Company | Disposed |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Hariprasad Gopi Krishna Jewellers Pvt. Ltd. | Disposed |
| NCLT, New Delhi Bench Court-III | Court case (TP(IBC)) | Filed by the company against Hari Prasad Gopi Krishna Jewellers Pvt Ltd | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by Hariprasad Gopikrishna Jewellers Private Limited | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Hariprasad Gopikrishna Jewellers Pvt. Ltd. | Disposed |
To see the full case history of Midas Infra Trade Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Midas Infra Trade Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas Infra Trade Limited has a workforce of 26 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Midas Infra Trade has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECA3196Q1Z4 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Infra Trade Limited, buy the company report.
Recent activity
Midas Infra Trade Limited has 33 board changes on record since 1994: 18 appointments and 15 cessations. The latest: Madhvi Gupta ceased to be Director on 01 Nov 2020.
24 earlier events are in the company report.
Frequently asked questions
Midas Infra Trade is an active public limited company based in New Delhi, Delhi, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 26 October 1994 (32+ years old) and is registered under CIN L65910DL1994PLC062379.
Midas Infra Trade has 3 current directors:
- Rajnish Chopra - Managing Director
- Bhagat Ram - Director
- Shyam Sundar - Additional Director
The latest financial statements of Midas Infra Trade on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 January 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Infra Trade is 07AAECA3196Q1Z4, registered in Delhi. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Midas Infra Trade is L65910DL1994PLC062379. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Infra Trade is recorded as a listed company by MCA, but its shares were delisted from BSE on 26 Aug 2024 · compulsory delisting, and no longer trade on a stock exchange.
Midas Infra Trade has 60 court cases on record: 5 filed by the company and 55 filed against it. 2 are pending. Most are in the district courts.
Midas Infra Trade was incorporated on 26 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Delhi.
Midas Infra Trade has 85 deals on record (85 market trades); the latest was in July 2013.
Madhvi Gupta ceased to be Director on 01 Nov 2020. Ritu Nagpal ceased to be Company Secretary on 04 Sep 2020. Jitendra Pratap Singh ceased to be Additional Director on 28 May 2020. Midas Infra Trade has 33 board changes on record in total.
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