Magnificent Mercantile Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 2.75 Cr
- Company Age 32 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 79.14 Cr
- Revenue Growth 11.10%
- Profit Growth 113.33%
- Ebitda 17.21%
- Net Worth 74.80%
- Total Assets 107.65%
About Magnificent Mercantile
Magnificent Mercantile Private Limited (MMPL) is a Private Limited Indian Non-Government Company incorporated in India on 23 April 1992 and has a history of 32 years and 11 months. Its registered office is in Mumbai, Maharashtra, 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 3.00 Cr and a paid-up capital of Rs 2.75 Cr.
The company has closed loans amounting to ₹79.14 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Darshitkumar Parikh and Bhavin Shah serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51900MH1992PTC066485
- Company No.
066485
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Apr 1992
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Magnificent Mercantile?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Darshitkumar Parikh  | Director | 14-Jul-2020 | Current |
| Bhavin Shah | Director | 14-Jul-2020 | Current |
Financial Performance of Magnificent Mercantile.
Magnificent Mercantile Private Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 11.1% increase. The company also saw a substantial improvement in profitability, with a 113.33% increase in profit. The company's net worth Soared by an impressive increase of 74.8%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magnificent Mercantile?
In 2020, Magnificent Mercantile 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)
- Rajbala Impex Private Limited
Darshitkumar Parikh and Bhavin Shah are mutual person
- 3Si Taloja Realty Llp
Bhavin Shah is a mutual person
- Trayee Sai Darsan Llp
Bhavin Shah is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹79.14 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 60.75 Cr
- Sundaram Finance Limited : 6.14 Cr
- Srei Equipment Finance Private Limited : 5.75 Cr
- Reliance Capital Ltd : 4.95 Cr
- Srei Infrastructure Finance Limited : 1.05 Cr
- Others : 0.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Feb 2016 | State Bank Of India | ₹60.75 Cr | Satisfied |
| 19 Nov 2015 | Reliance Capital Ltd | ₹6.50 M | Satisfied |
| 31 Oct 2013 | Sundaram Finance Limited | ₹1.22 Cr | Satisfied |
| 30 Oct 2013 | Reliance Capital Ltd | ₹1.20 Cr | Satisfied |
| 22 Aug 2012 | Srei Equipment Finance Private Limited | ₹1.00 Cr | Satisfied |
How Many Employees Work at Magnificent Mercantile?
Magnificent Mercantile has a workforce of 4 employees as of Mar 23, 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
Gain comprehensive insights into the Deals and Valuation data of Magnificent Mercantile, 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 Magnificent Mercantile'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.
Latest Updates, News, and FAQs on Magnificent Mercantile
Recent activity within the organization
- Annual General Meeting
Magnificent Mercantile Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Magnificent Mercantile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge registered on 17 Feb 2016 via Charge ID 10625120 with State Bank Of India was fully satisfied on 01 Sep 2023.
- Director Appointment
Darshitkumar Tarunkumar Parikh was appointed as a Director was appointed as a Director on 14 Jul 2020 & has been associated with this company since 4 years 8 months .
- Director Appointment
Bhavin Surendra Shah was appointed as a Director was appointed as a Director on 14 Jul 2020 & has been associated with this company since 4 years 8 months .
- Charges
A charge registered on 30 Oct 2013 via Charge ID 10465353 with Reliance Capital Ltd was fully satisfied on 16 Nov 2018.
Frequently asked questions
What is the Incorporation or founding date of Magnificent Mercantile Private Limited?
Magnificent Mercantile Private Limited was incorporated on 23 Apr 1992.
What is authorized share capital and paid-up capital of Magnificent Mercantile Private Limited?
The authorized share capital of Magnificent Mercantile Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.75 Cr.
Who are the current board members & directors of Magnificent Mercantile Private Limited?
Currently 2 directors are associated with Magnificent Mercantile Private Limited.
- Darshitkumar Tarunkumar Parikh
- Bhavin Surendra Shah
What is the registered address of Magnificent Mercantile Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Magnificent Mercantile Private Limited is 505/Inizio 5Th Floor Cardinal Gracious Road Opp. P G House Chakala Andheri (East), India, Mumbai, Maharashtra, 400099.
What is the corporate identification number (CIN) and company number of Magnificent Mercantile Private Limited?
The corporate identification number (CIN) of Magnificent Mercantile Private Limited is U51900MH1992PTC066485 and the company number is 066485 as per Ministry of Corporate Affairs (MCA).
What is the official website of Magnificent Mercantile Private Limited?
The Official website of Magnificent Mercantile Private Limited is https://www.magnificentequipments.com
What has been the recent revenue trend for Magnificent Mercantile Private Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Magnificent Mercantile Private Limited has risen by 11.10%.
How many employees does Magnificent Mercantile Private Limited currently have?
As Per 2021 financial reports, 4 employees are currently employed by Magnificent Mercantile Private Limited.
What change has been observed in the net worth of Magnificent Mercantile Private Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Magnificent Mercantile Private Limited has experienced an upsurge of 74.80%.
When was the last Balance Sheet of Magnificent Mercantile Private Limited filed with the ROC?
The most recent Balance Sheet for Magnificent Mercantile Private Limited was filed with the ROC on 31 Mar 2024.
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