Mid India Enterprises Private Limited
About Mid India Enterprises Private Limited
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Mid India Enterprises Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 12 December 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U17299MH1989PTC054589. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.99 Cr. It was formerly known as Mid India Hospital and Research Centre Private Limited. It is led by directors Prakash Tahilram Achhpaliya and Ritika Harikisan Achhpaliya.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Nagpur, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹27.42 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹7.68 Lakh (net margin 0.3%) and EBITDA of ₹3.68 Cr (EBITDA margin 13.4%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.1 Cr and satisfied charges of ₹26.54 Cr on record. Court records list 27 cases involving the company, including 5 filed by the company and 22 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Mid India Enterprises has one previous CIN (Corporate Identification Number): U85110MH1989PTC054589. The current CIN is U17299MH1989PTC054589, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17299MH1989PTC054589 | Current |
| U85110MH1989PTC054589 | Previous |
Contact details
Mid India Enterprises Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressShop No. 9 Upper Ground Floor Murlidhar Complex Temple Bazar Road Si, Tabuldi, Nagpur, Maharashtra, India – 440012
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Mid India Enterprises Private 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 Mid India Enterprises is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Mid India Enterprises Private Limited, buy the company report.
Financials of Mid India Enterprises Private Limited
FY 2018 filings availableMid India Enterprises Private Limited reported revenue of ₹27.42 Cr (down 11% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over three years, including a 11% fall in the latest year. EBITDA rose 137% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹27.42 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹3.68 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹7.68 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.4% | |||
| 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 Mid India Enterprises Private Limited, buy the company report.
Board of directors of Mid India Enterprises Private Limited
Mid India Enterprises has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Tahilram Achhpaliya | Director | 01 Oct 2001 | 25 Years 1 Months | Current |
| Ritika Harikisan Achhpaliya Also directs: MNM Marketing Private Limited | Director | 06 Sep 2017 | 9 Years 2 Months | Current |
Auditor
Mid India Enterprises Private Limited is audited by DEMBLE RAMANI & CO. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEMBLE RAMANI & CO. | FY 2018 | 102259W |
Shareholding
The shareholding of Mid India Enterprises Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mid India Enterprises Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2014 | 10530992 | The Cosmos Co-Operative Bank Ltd | ₹25 Cr | Open | |
| 12 Apr 2002 | 90225197 | Andhra Bank | ₹1.1 Cr | Open | |
| 29 Sep 2010 | 10253700 | Andhra Bank | ₹16 Cr | Satisfied | |
| 01 Oct 2009 | 10186056 | Andhra Bank | ₹4 Cr | Satisfied | |
| 18 Jun 2004 | 90225346 | State Bank of India | ₹6.54 Cr | Satisfied |
To see the full charge records of Mid India Enterprises Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Mid India Enterprises Private Limited has 27 court cases on record: 5 filed by Mid India Enterprises, 22 filed against it. 4 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 9 | 3 |
| District courts | 13 | 13 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMMP) | Filed by the company against Mahindra and Mahindra Ltd and Anr and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Pending |
| High Court | Court case ((T)OP(TM)) | Filed against the company by Mahindra and Mahindra Limited M/S. K.Premchandar, Chitra Subbiah,L.Ramprasad,N.C.Vishal,R.Pavithra,Shrivatsav N,Scarlet D.Grey,Vakalat Returned On 2 and 1 other | Disposed |
| District court, Hyderabad Central, Telangana | Court case (STC- NI) | Filed against the company by Idfc First Bank Ltd Now Earlier M/S. Capital First Ltd Rep by G. Brahma Naidu | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by MNM Marketing Private Ltd. and Anr | Disposed |
To see the full case history of Mid India Enterprises Private 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 Mid India Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mid India Enterprises Private Limited has a workforce of 4 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
Mid India Enterprises has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mid India Enterprises Private Limited, buy the company report.
Recent activity
Mid India Enterprises Private Limited has 5 board changes on record since 2001: 2 appointments and 3 cessations. The latest: Dinesh Manoharlal Atchepelia ceased to be Director on 25 Mar 2019.
9 earlier events are in the company report.
Frequently asked questions
Mid India Enterprises is an active private limited company based in Nagpur, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 12 December 1989 (37+ years old) and is registered under CIN U17299MH1989PTC054589.
Mid India Enterprises has 2 current directors:
- Prakash Tahilram Achhpaliya - Director
- Ritika Harikisan Achhpaliya - Director
The latest financial statements of Mid India Enterprises on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
No. Mid India Enterprises has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Mid India Enterprises is U17299MH1989PTC054589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mid India Enterprises has 27 court cases on record: 5 filed by the company and 22 filed against it. 4 are pending. Most are in the high courts.
Mid India Enterprises was incorporated on 12 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Nagpur.
Dinesh Manoharlal Atchepelia ceased to be Director on 25 Mar 2019. Harikrishan Achhapeliya ceased to be Director on 25 Mar 2019. Ritika Harikisan Achhpaliya was appointed as Director on 06 Sep 2017. Mid India Enterprises has 5 board changes on record in total.
The registered office of Mid India Enterprises is at Shop No. 9 Upper Ground Floor Murlidhar Complex Temple Bazar Road Si, Tabuldi, Nagpur, Maharashtra, India – 440012.
Mid India Enterprises operates in the fashion and textile industry, in the fashion retail segment.
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