Mag Associates Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
as on 16-11-2024
- Paid Up Capital ₹ 5.00 M
as on 16-11-2024
- Company Age 20 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 50.00 Cr
as on 16-11-2024
- Revenue -24.71%
(FY 2023)
- Profit -51.81%
(FY 2023)
- Ebitda -11.33%
(FY 2023)
- Net Worth 0.02%
(FY 2023)
- Total Assets
About Mag Associates
The Company is engaged in the Real Estate And Construction Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 5.00 M.
The company has closed loans amounting to ₹50.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Sachin Garg and Gaurav Garg serve as directors at the Company.
- CIN/LLPIN
U70101DL2004PTC129713
- Company No.
129713
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Oct 2004
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
Delhi, India
- Telephone
- Email Address
- Website
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- Social Media-
Who are the key members and board of directors at Mag Associates?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sachin Garg  | Director | 16-Apr-2021 | Current |
| Gaurav Garg | Director | 22-Nov-2013 | Current |
Financial Performance of Mag Associates.
Mag Associates Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 24.71% decrease. The company also saw a substantial fall in profitability, with a 51.81% decrease in profit. The company's net worth moved up by a moderate rise of 0.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mag Associates?
In 2023, Mag Associates had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 28 Apr 2010 | ₹50.00 Cr | Satisfied |
How Many Employees Work at Mag Associates?
Unlock and access historical data on people associated with Mag Associates, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mag Associates, 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 Mag Associates's trajectory.
Rating
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Alerts
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