Magic Wires Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
as on 12-07-2024
- Paid Up Capital ₹ 0.00 Cr
as on 12-07-2024
- Company Age 17 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 33.48 Cr
as on 12-07-2024
- Satisfied Charges ₹ 31.80 Cr
as on 12-07-2024
- Revenue -4.44%
(FY 2021)
- Profit -25.78%
(FY 2021)
- Ebitda -15.39%
(FY 2021)
- Net Worth 5.63%
(FY 2021)
- Total Assets -18.53%
(FY 2021)
About Magic Wires
The Company is engaged in the Manufacturing 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 1.00 Cr and a paid-up capital of Rs 0.00 Cr.
The company currently has active open charges totaling ₹33.48 Cr. The company has closed loans amounting to ₹31.80 Cr, as per Ministry of Corporate Affairs (MCA) records.
Lokesh Gupta, Santosh Gupta, and Akhilesh Sharma serve as directors at the Company.
- CIN/LLPIN
U31300UT2007PTC017366
- Company No.
157699
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Jan 2007
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Uttarakhand
Industry
Company Details
- Location
Shastri Nagar, Delhi, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Magic Wires Private Limited offer?
Magic Wires Private Limited offers a wide range of products and services, including Metal and Alloy Wires, Steel Wire, Metal Wire.
Who are the key members and board of directors at Magic Wires?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Akhilesh Sharma  | Director | 15-Feb-2020 | Current |
| Lokesh Gupta | Director | 11-Jan-2007 | Current |
| Santosh Gupta | Director | 25-Nov-2008 | Current |
Financial Performance and Corporate Structure Insights of Magic Wires.
Magic Wires Private Limited, for the financial year ended 2021, experienced Minor drop in revenue, with a 4.44% decrease. The company also saw a substantial fall in profitability, with a 25.78% decrease in profit. The company's net worth moved up by a moderate rise of 5.63%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magic Wires?
In 2021, Magic Wires 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)
8 years 4 months 
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 08 Mar 2019 | ₹33.48 Cr | Open |
Others Creation Date: 09 Aug 2016 | ₹20.00 Cr | Satisfied |
Indian Overseas Bank Creation Date: 08 Mar 2010 | ₹10.00 Cr | Satisfied |
How Many Employees Work at Magic Wires?
Magic Wires has a workforce of 226 employees as of Apr 07, 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
As of May 06, 2014, Magic Wires has raised a total of ₹ 2.97 Cr, with the most recent deal valued at ₹ 2.83 M. Access detailed insights into the company’s deals, including security allotments, mergers, acquisitions, and strategic partnerships that have shaped its growth.
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.
