Mb Magnets Pvt.Ltd.

Steel and scrap trading company based in West Bengal since 1996.

1996 | Durgapur, West Bengal (India) | Active
Last Updated:

Mb Magnets.Ltd. Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 3.25 M
  • Company Age 28 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 24.25 Cr
  • Satisfied Charges ₹ 53.87 Cr
  • Revenue Growth 633.29%
  • Profit Growth -86.97%
  • Ebitda -46.65%
  • Net Worth 0.40%
  • Total Assets 7.85%

About Mb Magnets.Ltd.

Mb Magnets Pvt.Ltd. (MMP) is a leading Private Limited Indian Non-Government Company incorporated in India on 19 July 1996 and has a history of 28 years and seven months. Its registered office is in Durgapur, West Bengal, India.

The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 3.25 M.

The company currently has active open charges totaling ₹24.25 Cr. The company has closed loans amounting to ₹53.87 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ashfaque Ahmad and Bhaskar Choudhury serve as directors at the Company.

Company Details

  • Location

    Durgapur, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U31904WB1996PTC080550

  • Company No.

    080550

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    19 Jul 1996

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Metals and Minerals

Who are the key members and board of directors at Mb Magnets.Ltd.?

Board Members (2)

NameDesignationAppointment DateStatus
Ashfaque Ahmad Country flag representing In Director 17-Mar-2018Current
Bhaskar Choudhury Country flag representing In Director 17-Mar-2018Current

Financial Performance of Mb Magnets.Ltd..

Mb Magnets Pvt.Ltd., for the financial year ended 2023, experienced significant growth in revenue, with a 633.29% increase. The company also saw a substantial fall in profitability, with a 86.97% decrease in profit. The company's net worth moved up by a moderate rise of 0.4%.

Mb Magnets.Ltd. revenue growth over time
Mb Magnets.Ltd. 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
633.29%
Revenue from Operations
633.29%
Total Assets
7.85%
Profit or Loss
-86.97%
Net Worth
0.40%
EBITDA
-46.65%

What is the Ownership and Shareholding Structure of Mb Magnets.Ltd.?

In 2022, Mb Magnets.Ltd. 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

₹242.50 M

Satisfied Charges

₹538.74 M

Charges Breakdown by Lending Institutions

  • Others : 16.00 Cr
  • State Bank Of Patiala : 8.25 Cr

Latest Charge Details

DateLenderAmountStatus
05 Oct 2010Others₹16.00 CrOpen
24 Nov 2004State Bank Of Patiala₹8.25 CrOpen
28 Jul 2005Stae Bank Of Hyderabad₹7.50 CrSatisfied
05 May 2005State Bank Of Hyderabad₹7.50 CrSatisfied
26 Apr 2004State Bank Of Bikaner & Jaipur₹15.20 CrSatisfied

How Many Employees Work at Mb Magnets.Ltd.?

Mb Magnets.Ltd. has a workforce of 27 employees as of Apr 09, 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 Mb Magnets Pvt.Ltd.

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mb Magnets.Ltd., 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 Mb Magnets.Ltd.'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 Mb Magnets.Ltd.

Recent activity within the organization

  • Annual General Meeting

    Mb Magnets Pvt.Ltd. last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Mb Magnets Pvt.Ltd. has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

  • Director Appointment

    Ashfaque Ahmad was appointed as a Director was appointed as a Director on 17 Mar 2018 & has been associated with this company since 6 years 11 months .

  • Director Appointment

    Bhaskar Choudhury was appointed as a Director was appointed as a Director on 17 Mar 2018 & has been associated with this company since 6 years 11 months .

  • Charges

    A charge registered on 26 Apr 2004 via Charge ID 90247345 with State Bank Of India was fully satisfied on 31 Oct 2017.

  • Charges

    A charge registered on 26 Apr 2004 via Charge ID 80010183 with State Bank Of Bikaner & Jaipur was fully satisfied on 31 Oct 2017.

Frequently asked questions

  • What is the Incorporation or founding date of Mb Magnets Pvt.Ltd.?

    Mb Magnets Pvt.Ltd. was incorporated on 19 Jul 1996.

  • What is authorized share capital and paid-up capital of Mb Magnets Pvt.Ltd.?

    The authorized share capital of Mb Magnets Pvt.Ltd. is ₹ 5.00 M and paid-up capital is ₹ 3.25 M.

  • Who are the current board members & directors of Mb Magnets Pvt.Ltd.?

    Currently 2 directors are associated with Mb Magnets Pvt.Ltd..

    • Ashfaque Ahmad
    • Bhaskar Choudhury

  • What is the registered address of Mb Magnets Pvt.Ltd.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mb Magnets Pvt.Ltd. is 59 60 61 Industrial Estate, Durgapur, West Bengal, India, 713212.

  • What is the corporate identification number (CIN) and company number of Mb Magnets Pvt.Ltd.?

    The corporate identification number (CIN) of Mb Magnets Pvt.Ltd. is U31904WB1996PTC080550 and the company number is 080550 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Mb Magnets Pvt.Ltd.?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mb Magnets Pvt.Ltd. has risen by 633.29%.

  • How many employees does Mb Magnets Pvt.Ltd. currently have?

    As Per 2023 financial reports, 27 employees are currently employed by Mb Magnets Pvt.Ltd..

  • What change has been observed in the net worth of Mb Magnets Pvt.Ltd., and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Mb Magnets Pvt.Ltd. has experienced an upsurge of 0.40%.

  • What are the total open charges for Mb Magnets Pvt.Ltd.?

    As per the financial statements for fiscal Year 2023, The total open charges for Mb Magnets Pvt.Ltd. amount to ₹ 24.25 Cr.

  • When was the last Balance Sheet of Mb Magnets Pvt.Ltd. filed with the ROC?

    The most recent Balance Sheet for Mb Magnets Pvt.Ltd. was filed with the ROC on 31 Mar 2023.

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