About Midas Touch Export Private Limited
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Midas Touch Export Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 02 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18109MH1993PTC072666. Its GSTIN is 27AAACM7254P1ZX (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.5 Cr. It was formerly known as Midas Touch Apparel Private Limited. It is led by directors Ashok Girdharidas Rajani and Suresh Girdhardas Rajan.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Parvati Indl Estatesun Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2018, the company reported a revenue of ₹15,081, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.35 Cr and EBITDA of -₹1.13 Cr. Revenue has declined at a compounded annual rate (CAGR) of 97% over three years.
As per MCA filings, the company has open charges of ₹25 Cr on record. Court records list 9 cases involving the company, including 9 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website midastouchapparel.com.
Company details
Contact details
Midas Touch Export Private Limited's registered office is in Mumbai, Maharashtra. Its website is midastouchapparel.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressParvati Indl Estatesun Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Midas Touch Export 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 Midas Touch Export Private Limited
FY 2018 filings availableMidas Touch Export Private Limited reported revenue of ₹15,081 (down 100% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 97% over three years. EBITDA rose 87% 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 | ₹15,081 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.13 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.35 Cr | |||
| 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 | ||||
| Net Profit Margin | ||||
| 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 Touch Export Private Limited, buy the company report.
Board of directors of Midas Touch Export Private Limited
Midas Touch Export has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Girdharidas Rajani Also directs: HLV Limited, Creative Lifestyles Private Limited, Vision Apparel Private Limited and 2 more | Director | 02 Jul 1993 | 33 Years 3 Months | Current |
| Suresh Girdhardas Rajan | Director | 02 Jul 1993 | 33 Years 3 Months | Current |
Peer comparison
Midas Touch Export Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madhav Knitwear Private Limited | ₹15,340 (FY 2025) | Kolkata, West Bengal, India | ||||
| Brahmaputra Cotex Private Limited | ₹15,200 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Forever Zoe Handicraft Private Limited | ₹15,134 (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Ashray Vyapaar Private Limited | ₹15,130 (FY 2025) | -50.0% | Kolkata, West Bengal, India | |||
| Sunderkraft Clothing Private Limited | ₹15,117 (FY 2024) | -93.0% | New Delhi, Delhi, India | |||
| Midas Touch Export Private Limitedthis company | ₹15,081 (FY 2018) | -₹1.35 Cr | -100.0% | Mumbai, Maharashtra, India | ||
| Paul Garments Private Limited | ₹15,000 (FY 2025) | 25.0% | New Delhi, Delhi, India | |||
| Adivan Textiles Pvt Ltd | ₹15,000 (FY 2019) | Surat, Gujarat, India | ||||
| Nine Enterprises Private Limited | ₹15,000 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Shree Venkateshwar Synthetics Private Limited | ₹15,000 (FY 2025) | -96.0% | Mumbai, Maharashtra, India | |||
| Smart Electric Motor Limited | ₹15,000 (FY 2025) | -91.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Midas Touch Export Private Limited, buy the company report.
Auditor
Midas Touch Export Private Limited is audited by GANESH ADUKIA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANESH ADUKIA & ASSOCIATES | FY 2018 | 142238W |
Shareholding
The shareholding of Midas Touch Export 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 Midas Touch Export Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2013 | 10452816 | Vijaya Bank | ₹25 Cr | Open |
To see the full charge records of Midas Touch Export Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Midas Touch Export Private Limited has 9 court cases on record: 9 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by M/S. Ups Jetair Express Pvt Ltd Th.Mr. Sagar Bhanudas Sakorkar | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Albatrass Logistics Pvt. Ltd THR E. N. Ashokan | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S Suditi Industries Ltd THR Kishor Khandelwal | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Sarang Exports Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by M/S Sevenseas Global Express Logistics | Disposed |
To see the full case history of Midas Touch Export 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 Midas Touch Export Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas Touch Export Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Midas Touch Export has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7254P1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Touch Export Private Limited, buy the company report.
Recent activity
Midas Touch Export Private Limited has 2 board changes on record since 1993: 2 appointments. The latest: Ashok Girdharidas Rajani was appointed as Director on 02 Jul 1993.
Frequently asked questions
Midas Touch Export is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 July 1993 (33+ years old) and is registered under CIN U18109MH1993PTC072666.
Midas Touch Export has 2 current directors:
- Ashok Girdharidas Rajani - Director
- Suresh Girdhardas Rajan - Director
The latest financial statements of Midas Touch Export on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Touch Export is 27AAACM7254P1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Midas Touch Export is U18109MH1993PTC072666. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Touch Export has 9 court cases on record: 9 filed against it. 1 is pending.
Midas Touch Export was incorporated on 02 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Midas Touch Export by revenue are Madhav Knitwear Private Limited, Brahmaputra Cotex Private Limited, Forever Zoe Handicraft Private Limited, Ashray Vyapaar Private Limited, Sunderkraft Clothing Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Ashok Girdharidas Rajani was appointed as Director on 02 Jul 1993. Suresh Girdhardas Rajan was appointed as Director on 02 Jul 1993.
Midas Touch Export can be reached through the website midastouchapparel.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Midas Touch Export is at Parvati Indl Estatesun Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.