Magic Creation Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
as on 09-07-2024
- Paid Up Capital ₹ 2.00 Cr
as on 09-07-2024
- Company Age 25 Year, 5 Months
- Last Filing with ROC 31 Mar 2019
- Open Charges ₹ 2.50 Cr
as on 09-07-2024
- Satisfied Charges ₹ 5.88 M
as on 09-07-2024
- Revenue 7.05%
(FY 2018)
- Profit -81.86%
(FY 2018)
- Ebitda -6.99%
(FY 2018)
- Net Worth 0.75%
(FY 2018)
- Total Assets -7.17%
(FY 2018)
About Magic Creation
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 2019. It's a company limited by shares with an authorized capital of Rs 2.50 Cr and a paid-up capital of Rs 2.00 Cr.
The company currently has active open charges totaling ₹2.50 Cr. The company has closed loans amounting to ₹5.88 M, as per Ministry of Corporate Affairs (MCA) records.
Anil Patel, Yash Patel, Harshit Patel, and Two other members serve as directors at the Company.
- CIN/LLPIN
U18100GJ1999PTC036236
- Company No.
036236
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Jul 1999
- Date of AGM
29 Sep 2018
- Date of Balance Sheet
31 Mar 2019
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Magic Creation?
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Yash Patel  | Director | 18-Jul-2007 | Current |
| Harshit Patel | Additional Director | 20-Sep-2019 | Current |
| Anil Patel | Director | 21-Nov-2016 | Current |
| Rishikesh Patel | Director | 25-Jul-2009 | Current |
| Darshana Patel | Director | 01-Apr-2005 | Current |
Financial Performance of Magic Creation.
Magic Creation Private Limited, for the financial year ended 2018, experienced modest growth in revenue, with a 7.05% increase. The company also saw a substantial fall in profitability, with a 81.86% decrease in profit. The company's net worth moved up by a moderate rise of 0.75%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Magic Creation?
In 2018, Magic Creation had a promoter holding of 0.34% and a public holding of 99.67%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Electron Studio Private LimitedActive 19 years 10 monthsAnil Patel, Yash Patel and 1 more are mutual person
Electron Colour-Chem Private LimitedActive 25 years 7 monthsAnil Patel and Harshit Patel are mutual person
Laser Speciality Chemicals Private LimitedActive 23 years 8 monthsAnil Patel, Yash Patel and 1 more are mutual person
- Doctor Auxiliary Private LimitedActive 26 years 4 months
Anil Patel and Harshit Patel are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 22 Mar 2012 | ₹2.50 Cr | Open |
Bank Of India Creation Date: 18 Dec 2008 | ₹0.53 M | Satisfied |
Bank Of India Creation Date: 10 Nov 2005 | ₹5.00 M | Satisfied |
How Many Employees Work at Magic Creation?
Magic Creation has a workforce of 47 employees as of Apr 08, 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 Creation, 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 Creation'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.
