Magic Clothing Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
as on 24-10-2024
- Paid Up Capital ₹ 0.35 M
as on 24-10-2024
- Company Age 18 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 6.50 Cr
as on 24-10-2024
- Revenue 22.46%
(FY 2023)
- Profit 345.40%
(FY 2023)
- Ebitda 49.66%
(FY 2023)
- Net Worth 23.46%
(FY 2023)
- Total Assets 19.21%
(FY 2023)
About Magic Clothing
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.
- 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
Company Details
- Location
Tiruvallur, Tamil Nadu, India
- Telephone
- Email Address
- Website
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- Social Media-
Who are the key members and board of directors at Magic Clothing?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Venugopal Paranthaman  | Director | 01-Feb-2012 | Current |
| Krishnan Meenakshisundaram | Director | 01-Jun-2023 | Current |
| Dinakara Bangera | Director | 16-Nov-2018 | Current |
Financial Performance and Corporate Structure Insights 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 23 Feb 2007 | ₹6.50 Cr | Satisfied |
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.
Deals i
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
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
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.
