Magsons Network Profile
Key Indicators
- Authorised Capital ₹ 1.50 M
- Paid Up Capital ₹ 1.13 M
- Company Age 36 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.73 M
- Satisfied Charges ₹ 19.11 Cr
- Revenue Growth -53.78%
- Profit Growth -327.03%
- Ebitda -253.08%
- Net Worth -7.90%
- Total Assets -4.12%
About Magsons Network
Magsons Network Private Limited (MNPL) is a Private Limited Indian Non-Government Company incorporated in India on 14 March 1988 and has a history of 36 years and ten months. Its registered office is in Goa, Goa, 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 1.50 M and a paid-up capital of Rs 1.13 M.
The company currently has active open charges totaling ₹1.73 M. The company has closed loans amounting to ₹19.11 Cr, as per Ministry of Corporate Affairs (MCA) records.
Andrea Maganlal and Kirit Maganlal serve as directors at the Company.
Company Details
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Location
Goa, Goa, 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
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Apps
Corporate Identity Details
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CIN/LLPIN
U55101GA1988PTC000809
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Company No.
000809
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
14 Mar 1988
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Date of AGM
30 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 Goa
Industry
Who are the key members and board of directors at Magsons Network?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kirit Maganlal
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Director | 01-Jul-1997 | Current |
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Andrea Maganlal
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Director | 14-Mar-1988 | Current |
Financial Performance of Magsons Network.
Magsons Network Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 53.78% decrease. The company also saw a substantial fall in profitability, with a 327.03% decrease in profit. The company's net worth dipped by a decrease of 7.9%.
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What is the Ownership and Shareholding Structure of Magsons Network?
In 2023, Magsons Network 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)
₹1.73 M
₹191.05 M
Charges Breakdown by Lending Institutions
- Central Bank Of India : 0.14 Cr
- Bank Of India : 0.03 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Apr 2004 | Bank Of India | ₹0.30 M | Open |
| 07 Mar 2000 | Central Bank Of India | ₹0.30 M | Open |
| 29 Dec 1999 | Central Bank Of India | ₹1.13 M | Open |
| 24 Oct 2014 | Hdfc Bank Limited | ₹7.70 Cr | Satisfied |
| 27 Feb 2014 | Bajaj Finance Limited | ₹8.80 M | Satisfied |
How Many Employees Work at Magsons Network?
Magsons Network has a workforce of 4 employees as of Mar 21, 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 Magsons Network, 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 Magsons Network'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.
