Magpet Polymers Profile
Key Indicators
- Authorised Capital ₹ 6.30 M
- Paid Up Capital ₹ 6.04 M
- Company Age 20 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 239.78 Cr
- Satisfied Charges ₹ 62.72 Cr
- Revenue Growth -3.47%
- Profit Growth -62.93%
- Ebitda 11.66%
- Net Worth 9.56%
- Total Assets 13.45%
About Magpet Polymers
Magpet Polymers Private Limited (MPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 September 2004 and has a history of 20 years and five months. Its registered office is in Kolkata, West Bengal, India.
The Corporate was formerly known as Shashank Dealers Private Limited. The Company is engaged in the Packaging 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 6.30 M and a paid-up capital of Rs 6.04 M.
The company currently has active open charges totaling ₹239.78 Cr. The company has closed loans amounting to ₹62.72 Cr, as per Ministry of Corporate Affairs (MCA) records.
Devendra Surana, Umed Surana, Sanket Baid, and One other member serve as directors at the Company.
Company Details
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Location
Kolkata, West Bengal, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U25209WB2004PTC099700
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Company No.
099700
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
08 Sep 2004
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Date of AGM
26 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 Kolkata
Industry
What products or services does Magpet Polymers Private Limited offer?
Magpet Polymers Private Limited offers a wide range of products and services, including Software Development & IT Consultant, Software Development Services, Plastic, PVC & PP Products, Plastic Scrap.
Who are the key members and board of directors at Magpet Polymers?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Devendra Surana
|
Managing Director | 02-Sep-2009 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Ankit Pansari
|
Whole-Time Director | 17-Oct-2022 | Current |
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Umed Surana
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Director | 09-May-2011 | Current |
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Sanket Baid
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Whole-Time Director | 09-Jul-2015 | Current |
Financial Performance of Magpet Polymers.
Magpet Polymers Private Limited, for the financial year ended 2024, experienced Minor drop in revenue, with a 3.47% decrease. The company also saw a substantial fall in profitability, with a 62.93% decrease in profit. The company's net worth moved up by a moderate rise of 9.56%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Magpet Polymers?
In 2024, Magpet Polymers had a promoter holding of 69.18% and a public holding of 30.82%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Magnum Propack Private LimitedDevendra Surana and Ankit Pansari are mutual person
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Magnum Machine & Tools Private LimitedDevendra Surana, Umed Surana and 1 more are mutual person
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Magnum Ecotech Private LimitedDevendra Surana and Ankit Pansari are mutual person
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Enclave Tradecom Private LimitedDevendra Surana and Ankit Pansari are mutual person
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Aan Infosol Private LimitedAnkit Pansari is a mutual person
Charges (Loans)
₹2,397.79 M
₹627.19 M
Charges Breakdown by Lending Institutions
- Standard Chartered Bank : 107.23 Cr
- Yes Bank Limited : 70.50 Cr
- Others : 60.05 Cr
- Hdfc Bank Limited : 2.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Nov 2024 | Hdfc Bank Limited | ₹2.00 Cr | Open |
| 16 May 2023 | Yes Bank Limited | ₹2.00 Cr | Open |
| 06 Jan 2023 | Standard Chartered Bank | ₹2.95 M | Open |
| 21 Nov 2022 | Yes Bank Limited | ₹56.00 Cr | Open |
| 21 Nov 2022 | Yes Bank Limited | ₹12.50 Cr | Open |
How Many Employees Work at Magpet Polymers?
Magpet Polymers has a workforce of 93 employees as of Mar 27, 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 Magpet Polymers, 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 Magpet Polymers'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.
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