Magnificent Trading Private Limited

Financial services provider specializing in commodities and products, established in 2008 and located in Mumbai.

2008 | Mumbai, Maharashtra (India) | Merged
Last Updated: January 16, 2025

Magnificent Trading Profile

Key Indicators

  • Authorised Capital ₹ 4.50 Cr
  • Paid Up Capital ₹ 4.31 Cr
  • Company Age 16 Year, 2 Months
  • Last Filing with ROC 31 Mar 2020
  • Revenue Growth -91.27%
  • Profit Growth -105.81%
  • Ebitda -105.29%
  • Net Worth -0.05%
  • Total Assets -0.06%

About Magnificent Trading

Magnificent Trading Private Limited (MTPL) is Amalgamated company established on 22 Dec 2008 with its office registered at Mumbai, Maharashtra, India and has been running since 16 Year, 2 Months with a paid up capital of 4.31 Cr. According to MCA records, 2 Directors are linked to this company as of 16 Jan 2025.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    remigroup.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U51109MH2008PTC189093

  • Company No.

    189093

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Dec 2008

  • Date of AGM

    15 Oct 2020

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Metals and Minerals
Financial Services

Who are the key members and board of directors at Magnificent Trading?

Board Members (2)

NameDesignationAppointment DateStatus
Rishabh Saraf Country flag representing In Director 22-Dec-2008Current
Vishwambhar Saraf Country flag representing In Director 22-Dec-2008Current

Financial Performance of Magnificent Trading.

Magnificent Trading Private Limited, for the financial year ended 2016, experienced significant reduction in revenue, with a 91.27% decrease. The company also saw a substantial fall in profitability, with a 105.81% decrease in profit. The company's net worth dipped by a decrease of 0.05%.

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
-91.27%
Revenue from Operations
-91.27%
Total Assets
-0.06%
Profit or Loss
-105.81%
Net Worth
-0.05%
EBITDA
-105.29%

What is the Ownership and Shareholding Structure of Magnificent Trading?

In 2017, Magnificent Trading had a promoter holding of 10.00% and a public holding of 90.00%. 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 Magnificent Trading?

Unlock and access historical data on people associated with Magnificent Trading, 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 Magnificent Trading, 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 Trading'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 Magnificent Trading

Recent activity within the organization

  • Annual General Meeting

    Magnificent Trading Private Limited last Annual general meeting of members was held on 15 Oct 2020 as per latest MCA records.

    15 Oct 2020

  • Balance Sheet

    Magnificent Trading Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Mumbai.

    31 Mar 2020

  • Director Appointment

    Vishwambhar Chiranjilal Saraf was appointed as a Director was appointed as a Director on 22 Dec 2008 & has been associated with this company since 16 years 2 months .

    22 Dec 2008

  • Director Appointment

    Rishabh Rajendra Saraf was appointed as a Director was appointed as a Director on 22 Dec 2008 & has been associated with this company since 16 years 2 months .

    22 Dec 2008

  • Company Incorporation

    Magnificent Trading Private Limited was registered on 22 Dec 2008 with Roc Mumbai & aged 16 years 2 months as per MCA records.

    22 Dec 2008

Frequently asked questions

  • Magnificent Trading Private Limited was incorporated on 22 Dec 2008.

  • The authorized share capital of Magnificent Trading Private Limited is ₹ 4.50 Cr and paid-up capital is ₹ 4.31 Cr.

  • Currently 2 directors are associated with Magnificent Trading Private Limited.

    • Vishwambhar Chiranjilal Saraf
    • Rishabh Rajendra Saraf
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magnificent Trading Private Limited is Plot No 11 Cama Industrial Estate, Goregaon (East) India, Mumbai, Maharashtra, 400063.

  • The corporate identification number (CIN) of Magnificent Trading Private Limited is U51109MH2008PTC189093 and the company number is 189093 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Magnificent Trading Private Limited is https://www.remigroup.com

  • According to the financial reports for the fiscal year 2016, the revenue trend for Magnificent Trading Private Limited has fallen by -91.27%.

  • The financial reports for the fiscal year 2016 indicates that The net worth of Magnificent Trading Private Limited has experienced an downturn of -0.05%.

  • The most recent Balance Sheet for Magnificent Trading Private Limited was filed with the ROC on 31 Mar 2020.