About Midland Diesel Services Private Limited
Data last updated:
Midland Diesel Services Private Limited was a private limited company based in Nagpur, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 21 June 1984.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51500MH1984PTC033224. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹84.14 Lakh. It was led by directors Rahul Prakash Dixit and Rohit Suresh Dixit.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at W – 46 MIDC Hingna Road, Nagpur, Maharashtra, India – 440016.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.63 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹4.51 Lakh (net margin -97.6%) and EBITDA of ₹3.35 Lakh (EBITDA margin 72.4%). Revenue has declined at a compounded annual rate (CAGR) of 89% over three years and 74% over five years.
The company had about 7 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
As per MCA filings, the company had satisfied charges of ₹19.2 Cr on record. Court records list 17 cases involving the company, including 6 filed by the company and 11 filed against it; 6 cases are pending.
The last known website on record is midland-diesel.com.
Company details
Contact details
Midland Diesel Services Private Limited's registered office is in Nagpur, Maharashtra. Its website is midland-diesel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressW – 46 MIDC Hingna Road, Nagpur, Maharashtra, India – 440016
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Midland Diesel Services 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
Financials of Midland Diesel Services Private Limited
FY 2022 filings availableMidland Diesel Services Private Limited reported revenue of ₹4.63 Lakh (down 94% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 74% over five years, including a 94% fall in the latest year. EBITDA rose 106% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.63 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.51 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 72.4% | ||||
| Net Profit Margin | -97.6% | ||||
| 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 Midland Diesel Services Private Limited, buy the company report.
Board of directors of Midland Diesel Services Private Limited
Midland Diesel Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Prakash Dixit | Director | 22 Jul 1999 | 27 Years 3 Months | As last reported |
| Rohit Suresh Dixit | Director | 01 Apr 2002 | 24 Years 7 Months | As last reported |
Auditor
Midland Diesel Services Private Limited is audited by DEMBLE RAMANI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEMBLE RAMANI & CO | FY 2022 | 102259W |
Shareholding
The shareholding of Midland Diesel Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midland Diesel Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2013 | 10467582 | Tata Capital Financial Services Limited | ₹1 Cr | Satisfied | |
| 31 Oct 2011 | 10314054 | Tata Capital Limited | ₹1.5 Cr | Satisfied | |
| 06 Jun 2011 | 10298911 | Tata Capital Limited | ₹1.5 Cr | Satisfied | |
| 15 May 1997 | 90219975 | State Bank of India | ₹12.65 Cr | Satisfied | |
| 02 Dec 1993 | 90217735 | State Benk of India | ₹2.55 Cr | Satisfied |
To see the full charge records of Midland Diesel Services Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Midland Diesel Services Private Limited has 17 court cases on record: 6 filed by Midland Diesel Services, 11 filed against it. 6 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 4 |
| High courts | 6 | 3 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (R.C.A.) | Filed against the company by Cummins India Ltd. | Pending |
| High Court for State of Telangana | Appeal | Filed against the company by Suryavanshi Spinning Mills Ltd | Pending |
| District court, Nagpur, Maharashtra | Court case (Civil M.A.) | Filed against the company by Cummins India Ltd. | Disposed |
| District court, Nagpur, Maharashtra | Court case (Civil M.A.) | Filed against the company by M/S. Elgi Equipments Ltd. and 1 other | Disposed |
| Bombay High Court | Writ petition | Filed against the company by M/S Suryavanshi Spinning Mills Ltd, Nagpur | Disposed |
To see the full case history of Midland Diesel Services 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 Midland Diesel Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Midland Diesel Services has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ashok Energy and Power Systems Private Limited | U32100MH2004PTC143901 |
To see the full group structure of Midland Diesel Services Private Limited, buy the company report.
Employees & EPFO
Midland Diesel Services Private Limited has a workforce of 7 employees on its EPFO records as of Mar 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 7 |
| FY 2016-17 |
To see the full employee and EPFO history of Midland Diesel Services Private Limited, buy the company report.
GST
Midland Diesel Services has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Midland Diesel Services Private Limited, buy the company report.
Recent activity
Midland Diesel Services Private Limited has 6 board changes on record since 1999: 2 appointments and 4 cessations. The latest: Sachin Sharad Potdar ceased to be Director on 12 Apr 2023.
9 earlier events are in the company report.
Frequently asked questions
Midland Diesel Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Midland Diesel Services was a private limited company based in Nagpur, Maharashtra, India. The company worked in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 21 June 1984 and is registered under CIN U51500MH1984PTC033224. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Midland Diesel Services was incorporated on 21 June 1984. It is registered with the Registrar of Companies, Mumbai.
Midland Diesel Services had 2 directors:
- Rahul Prakash Dixit - Director
- Rohit Suresh Dixit - Director
The CIN (Corporate Identification Number) of Midland Diesel Services is U51500MH1984PTC033224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Midland Diesel Services is at W – 46 MIDC Hingna Road, Nagpur, Maharashtra, India – 440016.
Midland Diesel Services can be reached through the website midland-diesel.com. Its registered office is in Nagpur, Maharashtra, India.
The latest financial statements of Midland Diesel Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Midland Diesel Services has 2 GST registrations on record and all of them are cancelled or inactive.
Midland Diesel Services operated in the machinery and equipment industry, in the industrial machinery retail and distribution segment.
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