Minakashi Cloth Processors Pvt Ltd
About Minakashi Cloth Processors Pvt Ltd
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Minakashi Cloth Processors Pvt Ltd is a private limited company based in Thane, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 04 June 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17110MH1987PTC043634. Its GSTIN is 27AAACM5810B2ZZ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Venu Nitin Ganeriwal and Nitin Kumar Ganeriwala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot Noa – 182 Phase – Imidc Ind Area Dombivali (E), Thane, Maharashtra, India – 421203.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.44 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹5.61 Lakh (net margin -389.7%) and EBITDA of -₹5.22 Lakh (EBITDA margin -362.5%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years.
As per MCA filings, the company has open charges of ₹2.37 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Minakashi Cloth Processors Pvt Ltd's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot Noa – 182 Phase – Imidc Ind Area Dombivali (E), Thane, Maharashtra, India – 421203
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Minakashi Cloth Processors Pvt Ltd, 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 Minakashi Cloth Processors is other service activities. In detail, this covers activities of membership organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Other service activities | 94 | Activities of membership organizations |
To see the full business activity and turnover split of Minakashi Cloth Processors Pvt Ltd, buy the company report.
Financials of Minakashi Cloth Processors Pvt Ltd
FY 2024 filings availableMinakashi Cloth Processors Pvt Ltd reported revenue of ₹1.44 Lakh (down 88% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over three years, including a 88% fall in the latest year. EBITDA fell 194% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹5.22 Lakh | ||||
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| Net Profit (PAT) | -₹5.61 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -362.5% | ||||
| Net Profit Margin | -389.7% | ||||
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To see the full financial statements and ratios of Minakashi Cloth Processors Pvt Ltd, buy the company report.
Board of directors of Minakashi Cloth Processors Pvt Ltd
Minakashi Cloth Processors has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venu Nitin Ganeriwal | Director | 20 Mar 1998 | 28 Years 7 Months | Current |
| Nitin Kumar Ganeriwala | Director | 20 Mar 1998 | 28 Years 7 Months | Current |
| Prithvi Pooran Singh Also directs: Chemoivation Private Limited, Air to Crop Private Limited, Zero Carbon Tech24 Private Limited and 2 more | Director | 29 Jul 2021 | 5 Years 2 Months | Current |
Auditor
Minakashi Cloth Processors Pvt Ltd is audited by J. L Agrawal &Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J. L Agrawal &Co. | FY 2022 | 128822 |
Shareholding
The shareholding of Minakashi Cloth Processors Pvt Ltd is on record for FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Minakashi Cloth Processors Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Feb 1999 | 90159781 | Canara Bank | ₹90 Lakh | Open | |
| 19 Jan 1999 | 90155130 | Canara Bank | ₹90 Lakh | Open | |
| 27 Feb 1993 | 90159380 | The Shamrao Vithal Co.Op. Bank Ltd | ₹42.5 Lakh | Open | |
| 09 Feb 1988 | 90159328 | The Shamrao Vithal Co.Op. Bank Ltd | ₹14.85 Lakh | Open |
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Minakashi Cloth Processors Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Minakashi Cloth Processors Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Minakashi Cloth Processors has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5810B2ZZ | Maharashtra | Active | 08 May 2018 |
To see the full GST registrations and return filing status of Minakashi Cloth Processors Pvt Ltd, buy the company report.
Recent activity
Minakashi Cloth Processors Pvt Ltd has 4 board changes on record since 1998: 3 appointments and 1 cessation. The latest: Prithvi Pooran Singh was appointed as Director on 29 Jul 2021.
Frequently asked questions
Minakashi Cloth Processors is an active private limited company based in Thane, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 04 June 1987 (39+ years old) and is registered under CIN U17110MH1987PTC043634.
Minakashi Cloth Processors has 3 current directors:
- Venu Nitin Ganeriwal - Director
- Nitin Kumar Ganeriwala - Director
- Prithvi Pooran Singh - Director
The latest financial statements of Minakashi Cloth Processors on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Minakashi Cloth Processors is 27AAACM5810B2ZZ, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Minakashi Cloth Processors is U17110MH1987PTC043634. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minakashi Cloth Processors was incorporated on 04 June 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Prithvi Pooran Singh was appointed as Director on 29 Jul 2021. Umashankar Ramanuj Pandey ceased to be Director on 19 Nov 2009. Nitin Kumar Ganeriwala was appointed as Director on 20 Mar 1998. Minakashi Cloth Processors has 4 board changes on record in total.
The registered office of Minakashi Cloth Processors is at Plot Noa – 182 Phase – Imidc Ind Area Dombivali E, Thane, Maharashtra, India – 421203.
Minakashi Cloth Processors operates in the manufacturing industry, in the textile and fabric production segment.
Minakashi Cloth Processors has open charges of ₹2.37 Cr and no satisfied charges on record as per latest MCA filings.