Magnetic Faac India Private Limited

Manufactures and installs traffic control equipment, including barriers and access control systems.

2000 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Magnetic Faac India Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 9.00 M
  • Company Age 24 Year, 11 Months
  • Last Filing with ROC 31 Dec 2023
  • Satisfied Charges ₹ 3.00 Cr
  • Revenue Growth 51.84%
  • Profit Growth 1627.68%
  • Ebitda 232.63%
  • Net Worth 21.92%
  • Total Assets 1.89%

About Magnetic Faac India

Magnetic Faac India Private Limited (MFIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 30 March 2000 and has a history of 24 years and 11 months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Magnetic Auto Control Private Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 December 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 9.00 M.

The company has closed loans amounting to ₹3.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Rajeev Mecheri, Anand Mecheri, Rajamani Venkatesh, and Four other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    magnetic-access.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U35204TN2000PTC044609

  • Company No.

    044609

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    30 Mar 2000

  • Date of AGM

    26 Jun 2024

  • Date of Balance Sheet

    31 Dec 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Machinery and Equipment

Who are the key members and board of directors at Magnetic Faac India?

Board Members (7)

NameDesignationAppointment DateStatus
Andrea Marcellan Country flag representing It Director 28-Mar-2013Current
Anand Mecheri Country flag representing In Director 28-Jun-2016Current
Rajeev Mecheri Country flag representing In Director 16-Nov-2011Current
Rajamani Venkatesh Country flag representing In Director 23-Mar-2015Current
Robert Canty Country flag representing Au Director 23-Dec-2021Current
Fabio Tomi Country flag representing It Director 23-Dec-2021Current

Financial Performance of Magnetic Faac India.

Magnetic Faac India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 51.84% increase. The company also saw a substantial improvement in profitability, with a 1627.68% increase in profit. The company's net worth Soared by an impressive increase of 21.92%.

Magnetic Faac India revenue growth over time
Magnetic Faac India 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
51.84%
Revenue from Operations
57.46%
Total Assets
1.89%
Profit or Loss
1627.68%
Net Worth
21.92%
EBITDA
232.63%

What is the Ownership and Shareholding Structure of Magnetic Faac India?

In 2022, Magnetic Faac India had a promoter 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)

Open Charges

₹0

Satisfied Charges

₹3.00 Cr

Charges Breakdown by Lending Institutions

  • Citibank N.A : 3.00 Cr

Latest Charge Details

DateLenderAmountStatus
26 Sep 2012Citibank N.A₹3.00 CrSatisfied

How Many Employees Work at Magnetic Faac India?

Magnetic Faac India has a workforce of 51 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.

Employee growth trends for Magnetic Faac India Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnetic Faac India, 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 Magnetic Faac India'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 Magnetic Faac India

Recent activity within the organization

  • Annual General Meeting

    Magnetic Faac India Private Limited last Annual general meeting of members was held on 26 Jun 2024 as per latest MCA records.

  • Balance Sheet

    Magnetic Faac India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2023 with Roc Chennai.

  • Director Appointment

    Giovanni D Abramo was appointed as a Director was appointed as a Director on 29 Mar 2023 & has been associated with this company since 1 year 11 months .

  • Director Appointment

    Robert Canty was appointed as a Director was appointed as a Director on 23 Dec 2021 & has been associated with this company since 3 years 2 months .

  • Director Appointment

    Fabio Tomi was appointed as a Director was appointed as a Director on 23 Dec 2021 & has been associated with this company since 3 years 2 months .

  • Charges

    A charge registered on 26 Sep 2012 via Charge ID 10384500 with Citibank N.A was fully satisfied on 09 Sep 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Magnetic Faac India Private Limited?

    Magnetic Faac India Private Limited was incorporated on 30 Mar 2000.

  • What is authorized share capital and paid-up capital of Magnetic Faac India Private Limited?

    The authorized share capital of Magnetic Faac India Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 9.00 M.

  • Who are the current board members & directors of Magnetic Faac India Private Limited?

    Currently 7 directors are associated with Magnetic Faac India Private Limited.

    • Rajeev Mecheri
    • Anand Mecheri
    • Rajamani Venkatesh
    • Andrea Marcellan
    • Robert Canty
    • Fabio Tomi
    • Giovanni D Abramo

  • What is the registered address of Magnetic Faac India Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magnetic Faac India Private Limited is No. 49 4Th Floor Eldams Road, Teynampet India, Chennai, Tamil Nadu, 600018.

  • What is the corporate identification number (CIN) and company number of Magnetic Faac India Private Limited?

    The corporate identification number (CIN) of Magnetic Faac India Private Limited is U35204TN2000PTC044609 and the company number is 044609 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Magnetic Faac India Private Limited?

    The Official website of Magnetic Faac India Private Limited is https://www.magnetic-access.com

  • What has been the recent revenue trend for Magnetic Faac India Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Magnetic Faac India Private Limited has risen by 51.84%.

  • How many employees does Magnetic Faac India Private Limited currently have?

    As Per 2023 financial reports, 51 employees are currently employed by Magnetic Faac India Private Limited.

  • What change has been observed in the net worth of Magnetic Faac India Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Magnetic Faac India Private Limited has experienced an upsurge of 21.92%.

  • When was the last Balance Sheet of Magnetic Faac India Private Limited filed with the ROC?

    The most recent Balance Sheet for Magnetic Faac India Private Limited was filed with the ROC on 31 Dec 2023.

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