Magnet Factoring Services Private Limited

Provides factoring services including reminder calls, debt recovery, collections, payments, and verifications.

2011 | Delhi (India) | Active
Last Updated: January 05, 2025

Magnet Factoring Services Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 13 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 28.79%
  • Profit Growth 5.69%
  • Ebitda 43.26%
  • Net Worth 13.88%
  • Total Assets 26.76%

About Magnet Factoring Services

Magnet Factoring Services Private Limited (MFSPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 December 2011 and has a history of 13 years and two months. Its registered office is in Delhi, India.

The Company is engaged in the Financial Services 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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Santosh Gaur and Himanshu Gaur serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U67190DL2011PTC228608

  • Company No.

    228608

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Dec 2011

  • Date of AGM

    07 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Financial Services

Who are the key members and board of directors at Magnet Factoring Services?

Board Members (2)

NameDesignationAppointment DateStatus
Santosh Gaur Country flag representing In Director 12-Apr-2016Current
Himanshu Gaur Country flag representing In Director 05-Sep-2018Current

Financial Performance of Magnet Factoring Services.

Magnet Factoring Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 28.79% increase. The company also saw a slight improvement in profitability, with a 5.69% increase in profit. The company's net worth Soared by an impressive increase of 13.88%.

Graph illustrating revenue growth over time
Graph showing 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
28.79%
Revenue from Operations
30.03%
Total Assets
26.76%
Profit or Loss
5.69%
Net Worth
13.88%
EBITDA
43.26%

What is the Ownership and Shareholding Structure of Magnet Factoring Services?

In 2018, Magnet Factoring Services had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Magnet Factoring Services?

Unlock and access historical data on people associated with Magnet Factoring Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnet Factoring Services, 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 Magnet Factoring Services'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 Magnet Factoring Services

Recent activity within the organization

  • Annual General Meeting

    Magnet Factoring Services Private Limited last Annual general meeting of members was held on 07 Sep 2024 as per latest MCA records.

    07 Sep 2024

  • Balance Sheet

    Magnet Factoring Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

    31 Mar 2024

  • Director Appointment

    Himanshu Gaur was appointed as a Director was appointed as a Director on 05 Sep 2018 & has been associated with this company since 6 years 5 months .

    05 Sep 2018

  • Director Appointment

    Santosh Gaur was appointed as a Director was appointed as a Director on 12 Apr 2016 & has been associated with this company since 8 years 10 months .

    12 Apr 2016

  • Company Incorporation

    Magnet Factoring Services Private Limited was registered on 12 Dec 2011 with Roc Delhi & aged 13 years 2 months as per MCA records.

    12 Dec 2011

Frequently asked questions

  • Magnet Factoring Services Private Limited was incorporated on 12 Dec 2011.

  • The authorized share capital of Magnet Factoring Services Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Magnet Factoring Services Private Limited.

    • Santosh Gaur
    • Himanshu Gaur
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magnet Factoring Services Private Limited is 7/408 4Th Floor Sethi Bhawan, Rajendra Palce India, New Delhi, 110008.

  • The corporate identification number (CIN) of Magnet Factoring Services Private Limited is U67190DL2011PTC228608 and the company number is 228608 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Magnet Factoring Services Private Limited has risen by 28.79%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Magnet Factoring Services Private Limited has experienced an upsurge of 13.88%.

  • The most recent Balance Sheet for Magnet Factoring Services Private Limited was filed with the ROC on 31 Mar 2024.

People also Viewed

Similar Companies Based on Diversified Financial Services