Magic Clothing Private Limited

Trading and consulting company specializing in textiles, established in 2006 in Chennai.

2006 | Tiruvallur, Tamil Nadu (India) | Active
Last Updated:

Magic Clothing Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 0.35 M
  • Company Age 18 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 6.50 Cr
  • Revenue Growth 22.46%
  • Profit Growth 345.40%
  • Ebitda 49.66%
  • Net Worth 23.46%
  • Total Assets 19.21%

About Magic Clothing

Magic Clothing Private Limited (MCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 August 2006 and has a history of 18 years and eight months. Its registered office is in Tiruvallur, Tamil Nadu, India.

The Company is engaged in the Fashion And Textile Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 0.35 M.

The company has closed loans amounting to ₹6.50 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Venugopal Paranthaman, Krishnan Meenakshisundaram, and Dinakara Bangera serve as directors at the Company.

Company Details

  • Location

    Tiruvallur, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17291TN2006PTC060922

  • Company No.

    060922

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Aug 2006

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Fashion and Textile
Company report

Magic Clothing Private Limited

Explore comprehensive data for Magic Clothing Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Magic Clothing?

Board Members (3)

NameDesignationAppointment DateStatus
Venugopal Paranthaman Country flag representing In Director 01-Feb-2012Current
Krishnan Meenakshisundaram Country flag representing In Director 01-Jun-2023Current
Dinakara Bangera Country flag representing In Director 16-Nov-2018Current

Financial Performance of Magic Clothing.

Magic Clothing Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.46% increase. The company also saw a substantial improvement in profitability, with a 345.4% increase in profit. The company's net worth Soared by an impressive increase of 23.46%.

Magic Clothing revenue growth over time
Magic Clothing 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
22.46%
Revenue from Operations
-1.58%
Total Assets
19.21%
Profit or Loss
345.40%
Net Worth
23.46%
EBITDA
49.66%

What is the Ownership and Shareholding Structure of Magic Clothing?

In 2022, Magic Clothing had a promoter holding of 96.59% and a public holding of 3.41%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹6.50 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 6.50 Cr

Latest Charge Details

DateLenderAmountStatus
23 Feb 2007State Bank Of India₹6.50 CrSatisfied

How Many Employees Work at Magic Clothing?

Magic Clothing has a workforce of 173 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Magic Clothing Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magic Clothing, 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 Magic Clothing'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 Magic Clothing

Recent activity within the organization

  • Annual General Meeting

    Magic Clothing Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Director Appointment

    Krishnan Meenakshisundaram was appointed as a Director was appointed as a Director on 01 Jun 2023 & has been associated with this company since 1 year 10 months .

  • Balance Sheet

    Magic Clothing Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

  • Director Appointment

    Dinakara Bangera was appointed as a Director was appointed as a Director on 16 Nov 2018 & has been associated with this company since 6 years 4 months .

  • Director Appointment

    Venugopal Paranthaman was appointed as a Director was appointed as a Director on 01 Feb 2012 & has been associated with this company since 13 years 2 months .

  • Charges

    A charge registered on 23 Feb 2007 via Charge ID 10046373 with State Bank Of India was fully satisfied on 18 May 2010.

Frequently asked questions

  • What is the Incorporation or founding date of Magic Clothing Private Limited?

    Magic Clothing Private Limited was incorporated on 10 Aug 2006.

  • What is authorized share capital and paid-up capital of Magic Clothing Private Limited?

    The authorized share capital of Magic Clothing Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 0.35 M.

  • Who are the current board members & directors of Magic Clothing Private Limited?

    Currently 3 directors are associated with Magic Clothing Private Limited.

    • Venugopal Paranthaman
    • Krishnan Meenakshisundaram
    • Dinakara Bangera

  • What is the registered address of Magic Clothing Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magic Clothing Private Limited is 32A 32B Ambattur Industrial Estate Ambattur, India, Chennai, Tamil Nadu, 600058.

  • What is the corporate identification number (CIN) and company number of Magic Clothing Private Limited?

    The corporate identification number (CIN) of Magic Clothing Private Limited is U17291TN2006PTC060922 and the company number is 060922 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Magic Clothing Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Magic Clothing Private Limited has risen by 22.46%.

  • How many employees does Magic Clothing Private Limited currently have?

    As Per 2023 financial reports, 173 employees are currently employed by Magic Clothing Private Limited.

  • What change has been observed in the net worth of Magic Clothing Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Magic Clothing Private Limited has experienced an upsurge of 23.46%.

  • When was the last Balance Sheet of Magic Clothing Private Limited filed with the ROC?

    The most recent Balance Sheet for Magic Clothing Private Limited was filed with the ROC on 31 Mar 2023.

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