Midas Knits Private Limited Company Logo

Midas Knits Private Limited - Company Profile

It is a fashion and textile private limited company based in (West), Ludhiana., Punjab, India, established in 2005.

2005 | (West), Ludhiana., Punjab, India | Active
Last Updated:

About Midas Knits Private Limited

Midas Knits Private Limited, a active private limited company, was established on 15 December 2005 in (West), Ludhiana., Punjab, India. Engaging in designer & branded fashion within the manufacturing sector, it holds CIN: U18100PB2005PTC029373. Registered under ROC Roc Chandigarh. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.23 M.

It upholds a compliant status. Employing 5 professional, Its leadership includes Savita Arora (Director), Raj Arora (Director). Past directors included Anil Kumar. It holds ₹4.60 Cr open charges and ₹1.50 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 738/7A/18-Manna Singh Nagar,Opp. Chand Cinema G.R. Road, (West), Ludhiana., (West), Ludhiana., Punjab.

Company Details

  • CIN/LLPIN

    U18100PB2005PTC029373

  • Registration Number

    029373

  • Incorporation Date

    15 December 2005

  • Authorized Capital

    ₹0.50 M

  • Paid-Up Capital

    ₹0.23 M

  • ROC Code

    Roc Chandigarh

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.23 M
  • Company Age 20 Year, 11 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.60 Cr
  • Satisfied Charges ₹ 1.50 Cr
  • Revenue Growth 37.35%
  • Profit Growth 54.66%
  • Ebitda 6.23%
  • Net Worth 23.00%
  • Total Assets 2.05%
Company report

Midas Knits Private Limited

Company Report FY 2025-2026

Explore comprehensive insights into Midas Knits Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Midas Knits Private Limited?

Current Directors

NameDesignationAppointment DateStatus
Savita AroraDirector31 May 2010Current
Raj AroraDirector15 Dec 2005Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddDirector31 May 2010Past

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Financial Performance of Midas Knits.

Midas Knits Private Limited, for the financial year ended 2019, experienced significant growth in revenue, with a 37.35% increase. The company also saw a substantial improvement in profitability, with a 54.66% increase in profit. The company's net worth Soared by an impressive increase of 23%.

Midas Knits revenue growth over time
Midas Knits profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
37.35%
Revenue from Operations
37.35%
Total Assets
2.05%
Profit or Loss
54.66%
Net Worth
23.00%
EBITDA
6.23%

What is the Ownership and Shareholding Structure of Midas Knits?

In 2019, Midas Knits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

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Charges (Loans)

Open Charges

₹46,000,000.00

Satisfied Charges

₹15,000,000.00

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 4.60 Cr

Latest Charge Details

DateLenderAmountStatus
20 Jan 2016Hdfc Bank Limited₹4.60 CrOpen
31 Dec 2012Oriental Bank Of Commerce₹1.50 CrSatisfied

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How Many Employees Work at Midas Knits?

Midas Knits has a workforce of 5 employees as of Mar 23, 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.

Employee growth trends for Midas Knits Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Midas Knits, 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 Midas Knits's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Midas Knits

Recent Activity within the Organization

  • Annual General Meeting

    Progress on Midas Knits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    Midas Knits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh. was recorded as a recent event.

  • Charges

    Progress on A charge with Hdfc Bank Limited of Rs. 46.00 M registered on 20 Jan 2016 with Charge ID 10620351 was modified on 27 Apr 2022. was documented.

  • Charges

    A charge registered on 31 Dec 2012 via Charge ID 10398392 with Oriental Bank Of Commerce was fully satisfied on 02 Aug 2016. was recorded as a recent event.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 46.00 M with Charge ID 10620351 was registered on 20 Jan 2016. was recorded as a recent event.

  • Charges

    The activity A charge with Oriental Bank Of Commerce of Rs. 15.00 M registered on 31 Dec 2012 with Charge ID 10398392 was modified on 12 Oct 2013. was completed.

Frequently Asked Questions

  • What is the CIN of Midas Knits Private Limited?

    The CIN of Midas Knits Private Limited is U18100PB2005PTC029373.

  • Where is Midas Knits Private Limited headquartered?

    Midas Knits Private Limited is headquartered at 738/7A/18-Manna Singh Nagar,Opp. Chand Cinema G.R. Road, (West), Ludhiana., (West), Ludhiana., Punjab.

  • When was Midas Knits Private Limited incorporated?

    Midas Knits Private Limited was incorporated on 15 December 2005.

  • Who are the current directors of Midas Knits Private Limited?

    The current directors of Midas Knits Private Limited are

  • What is the primary industry of Midas Knits Private Limited?

    The primary industry of Midas Knits Private Limited is Manufacturing.

  • Is Midas Knits Private Limited a listed company?

    Midas Knits Private Limited is unlisted.

  • What is the capital structure of Midas Knits Private Limited?

    The authorized capital of Midas Knits Private Limited is ₹0.50 M, and the paid-up capital is ₹0.23 M.

  • What is the compliance status of Midas Knits Private Limited?

    The compliance status of Midas Knits Private Limited is Compliant.

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