Mag International Private Limited

Manufacturer and exporter of leather garments and goods, including shoes, boots, dresses, and accessories.

2009 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 10, 2024

Mag International Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 15 Year, 11 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 1.50 Cr
  • Satisfied Charges ₹ 1.00 Cr
  • Revenue Growth -46.32%
  • Profit Growth -92.55%
  • Ebitda -927.75%
  • Net Worth 0.85%
  • Total Assets 16.49%

About Mag International

Mag International Private Limited (MIPL) is a Private Limited Indian Non-Government Company incorporated in India on 09 March 2009 and has a history of 15 years and 11 months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Sahara Leathers India Private Limited. The Company is engaged in the Consumer Goods Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2021. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹1.50 Cr. The company has closed loans amounting to ₹1.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Alka Mal, Manoj Mal, and Manoj Mal serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U19129TN2009PTC070923

  • Company No.

    070923

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Mar 2009

  • Date of AGM

    14 Mar 2022

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Consumer Goods

Who are the key members and board of directors at Mag International?

Board Members (3)

NameDesignationAppointment DateStatus
Alka Mal Country flag representing In Director 09-Mar-2009Current
Manoj Mal Country flag representing In Director 09-Mar-2009Current
Manoj Mal Country flag representing In Director 15-Feb-2012Current

Financial Performance of Mag International.

Mag International Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 46.32% decrease. The company also saw a substantial fall in profitability, with a 92.55% decrease in profit. The company's net worth moved up by a moderate rise of 0.85%.

Graph illustrating revenue growth over time
Graph showing 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
-46.32%
Revenue from Operations
-47.80%
Total Assets
16.49%
Profit or Loss
-92.55%
Net Worth
0.85%
EBITDA
-927.75%

What is the Ownership and Shareholding Structure of Mag International?

In 2019, Mag International 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

Charges (Loans)

Open Charges

₹15.00 M

Satisfied Charges

₹10.00 M

Charges Breakdown by Lending Institutions

  • Indusind Bank Ltd. : 1.50 Cr

Latest Charge Details

DateLenderAmountStatus
27 Aug 2014Indusind Bank Ltd.₹1.50 CrOpen
13 Jun 2012Standard Chartered Bank₹1.00 CrSatisfied

How Many Employees Work at Mag International?

Unlock and access historical data on people associated with Mag International, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mag International, 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 International'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 Mag International

Recent activity within the organization

  • Annual General Meeting

    Mag International Private Limited last Annual general meeting of members was held on 14 Mar 2022 as per latest MCA records.

    14 Mar 2022

  • Balance Sheet

    Mag International Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai.

    31 Mar 2021

  • Charges

    A charge registered on 13 Jun 2012 via Charge ID 10364403 with Standard Chartered Bank was fully satisfied on 02 Jan 2015.

    02 Jan 2015

  • Charges

    A charge with Indusind Bank Ltd. amounted to Rs. 15.00 M with Charge ID 10529163 was registered on 27 Aug 2014.

    27 Aug 2014

  • Charges

    A charge with Standard Chartered Bank amounted to Rs. 10.00 M with Charge ID 10364403 was registered on 13 Jun 2012.

    13 Jun 2012

  • Director Appointment

    Manoj Kumar Mal Gaurav Mal was appointed as a Director was appointed as a Director on 15 Feb 2012 & has been associated with this company since 13 years 6 days .

    15 Feb 2012

Frequently asked questions

  • Mag International Private Limited was incorporated on 09 Mar 2009.

  • The authorized share capital of Mag International Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Mag International Private Limited.

    • Alka Mal
    • Manoj Kumar Mal
    • Manoj Kumar Mal Gaurav Mal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mag International Private Limited is Old No.11 New No. 21 V.V. Koil Street, Periamet India, Chennai, Tamil Nadu, 600003.

  • The corporate identification number (CIN) of Mag International Private Limited is U19129TN2009PTC070923 and the company number is 070923 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Mag International Private Limited has fallen by -46.32%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Mag International Private Limited has experienced an upsurge of 0.85%.

  • As per the financial statements for fiscal Year 2020, The total open charges for Mag International Private Limited amount to ₹ 1.50 Cr.

  • The most recent Balance Sheet for Mag International Private Limited was filed with the ROC on 31 Mar 2021.