Magic Fasteners Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 7.50 M
- Company Age 31 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 18.55 Cr
- Satisfied Charges ₹ 22.04 Cr
- Revenue Growth 10.99%
- Profit Growth 1.31%
- Ebitda 11.45%
- Net Worth 17.55%
- Total Assets 19.27%
About Magic Fasteners
Magic Fasteners Private Limited (MFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 May 1993 and has a history of 31 years and eight months. Its registered office is in Delhi, India.
The Company is engaged in the Packaging 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 1.00 Cr and a paid-up capital of Rs 7.50 M.
The company currently has active open charges totaling ₹18.55 Cr. The company has closed loans amounting to ₹22.04 Cr, as per Ministry of Corporate Affairs (MCA) records.
Akhil Jain and Rahul Jain serve as directors at the Company.
Company Details
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Location
Delhi, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17297DL1993PTC053817
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Company No.
053817
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
28 May 1993
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Delhi
Industry
What products or services does Magic Fasteners Private Limited offer?
Magic Fasteners Private Limited offers a wide range of products and services, including Abrasives & Grains, Polishing Abrasives, Industrial Fabrics and Textiles, Industrial Fabric, Cables & Wiring Components, Cable Ties.
Who are the key members and board of directors at Magic Fasteners?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rahul Jain
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Director | 01-Oct-2009 | Current |
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Akhil Jain
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Director | 01-Oct-2009 | Current |
Financial Performance of Magic Fasteners.
Magic Fasteners Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.99% increase. The company also saw a slight improvement in profitability, with a 1.31% increase in profit. The company's net worth Soared by an impressive increase of 17.55%.
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What is the Ownership and Shareholding Structure of Magic Fasteners?
In 2023, Magic Fasteners 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)
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Glitt Foot LlpAkhil Jain is a mutual person
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Magbros Filaments Private Limited
Akhil Jain and Rahul Jain are mutual person
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Magfab Digitech Creations Private Limited
Rahul Jain is a mutual person
Charges (Loans)
₹18.55 Cr
₹22.04 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 17.55 Cr
- Sidbi : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Aug 2024 | Hdfc Bank Limited | ₹0.04 M | Open |
| 13 Dec 2022 | Hdfc Bank Limited | ₹1.05 M | Open |
| 09 Mar 2021 | Sidbi | ₹1.00 Cr | Open |
| 25 May 2020 | Hdfc Bank Limited | ₹17.45 Cr | Open |
| 08 Apr 2022 | Others | ₹0.80 M | Satisfied |
How Many Employees Work at Magic Fasteners?
Unlock and access historical data on people associated with Magic Fasteners, 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 Magic Fasteners, 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 Fasteners'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.
