Magnet Resorts Profile
Key Indicators
- Authorised Capital ₹ 5.50 Cr
- Paid Up Capital ₹ 5.37 Cr
- Company Age 28 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 1.40 M
- Revenue Growth -10.19%
- Profit Growth 27.08%
- Ebitda 57.71%
- Net Worth -5.99%
- Total Assets -4.76%
About Magnet Resorts
Magnet Resorts Limited (MRL) is a Public Limited Indian Non-Government Company incorporated in India on 12 March 1996 and has a history of 28 years and 11 months. Its registered office is in Ludhiana, Punjab, India.
The Company is engaged in the Travel And Hospitality 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 5.50 Cr and a paid-up capital of Rs 5.37 Cr.
The company has closed loans amounting to ₹1.40 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Harinder Singh, Narinder Kaur, Harjinder Grewal, and One other member serve as directors at the Company.
Company Details
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Location
Ludhiana, Punjab, India
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Telephone
+91-XXXXXXXXXX
- Email Address
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Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U55100PB1996PLC017851
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Company No.
017851
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
12 Mar 1996
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Date of AGM
25 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 Chandigarh
Industry
Who are the key members and board of directors at Magnet Resorts?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harinder Singh
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Managing Director | 13-Mar-1996 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Narinder Kaur
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Director | 15-May-1996 | Current |
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Harjinder Grewal
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Director | 15-May-1996 | Current |
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Roopinder Kaur
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Director | 15-May-1996 | Current |
Financial Performance of Magnet Resorts.
Magnet Resorts Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 10.19% decrease. The company also saw a substantial improvement in profitability, with a 27.08% increase in profit. The company's net worth dipped by a decrease of 5.99%.
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What is the Ownership and Shareholding Structure of Magnet Resorts?
In 2017, Magnet Resorts had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹0
₹0.14 Cr
Charges Breakdown by Lending Institutions
- Punjab And Sind Bank : 0.07 Cr
- Punjab & Sind Bank : 0.07 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Nov 1999 | Punjab And Sind Bank | ₹0.70 M | Satisfied |
| 09 Nov 1999 | Punjab & Sind Bank | ₹0.70 M | Satisfied |
How Many Employees Work at Magnet Resorts?
Unlock and access historical data on people associated with Magnet Resorts, 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 Magnet Resorts, 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 Resorts'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
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