Mg Polyplast Industries Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 6.34 Cr
- Company Age 14 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 208.12 Cr
- Satisfied Charges ₹ 4.00 Cr
- Revenue Growth -99.88%
- Profit Growth -99.89%
- Ebitda -99.88%
- Net Worth -99.88%
- Total Assets -99.88%
About Mg Polyplast Industries
Mg Polyplast Industries Private Limited (MPIPL) is a Private Limited Indian Non-Government Company incorporated in India on 22 October 2010 and has a history of 14 years and three months. Its registered office is in Delhi, India.
The Corporate was formerly known as Mgi Glass Private Limited. The Company is engaged in the Manufacturing 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 10.00 Cr and a paid-up capital of Rs 6.34 Cr.
The company currently has active open charges totaling ₹208.12 Cr. The company has closed loans amounting to ₹4.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Company Details
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Location
Delhi, 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
U26100DL2010PTC209724
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Company No.
209724
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
22 Oct 2010
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Delhi
Industry
What products or services does Mg Polyplast Industries Private Limited offer?
Mg Polyplast Industries Private Limited offers a wide range of products and services, including PVC, LDPE, HDPE & Plastic Sheets, Acrylic Sheet, Roofing and False ceiling, Polycarbonate Sheet, Natural and Synthetic Resins, Synthetic Polymer, Polystyrene Sheet, Industrial Fabrics and Textiles, Industrial Fabric, Roofing Sheets.
Who are the key members and board of directors at Mg Polyplast Industries?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sanjay Kumar
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Director | 22-Oct-2010 | Current |
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Ashok Garg
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Director | 22-Oct-2010 | Current |
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Manish Garg
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Director | 22-Oct-2010 | Current |
Financial Performance of Mg Polyplast Industries.
Mg Polyplast Industries Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 99.88% decrease. The company also saw a substantial fall in profitability, with a 99.89% decrease in profit. The company's net worth observed a substantial decline by a decrease of 99.88%.
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What is the Ownership and Shareholding Structure of Mg Polyplast Industries?
In 2023, Mg Polyplast Industries had a promoter holding of 95.47% and a public holding of 4.53%. The company had 1 Subsidiary. 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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Mg Acryplast Industries Private LimitedSanjay Kumar and Manish Garg are mutual person
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Travozet Industries Private Limited
Sanjay Kumar is a mutual person
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Suptertech Fortune Private Limited
Sanjay Kumar is a mutual person
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Fortunetech Manufacturing Private Limited
Sanjay Kumar is a mutual person
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Adwyt International Private Limited
Sanjay Kumar is a mutual person
Charges (Loans)
₹208.12 Cr
₹4.00 Cr
Charges Breakdown by Lending Institutions
- Others : 137.36 Cr
- Hdfc Bank Limited : 69.17 Cr
- Axis Bank Limited : 1.59 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2023 | Axis Bank Limited | ₹1.30 Cr | Open |
| 04 Jul 2023 | Axis Bank Limited | ₹2.90 M | Open |
| 20 Jan 2022 | Hdfc Bank Limited | ₹40.00 Cr | Open |
| 13 Nov 2020 | Hdfc Bank Limited | ₹1.70 M | Open |
| 29 May 2017 | Hdfc Bank Limited | ₹29.00 Cr | Open |
How Many Employees Work at Mg Polyplast Industries?
Mg Polyplast Industries has a workforce of 77 employees as of Mar 22, 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 Mg Polyplast Industries, 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 Mg Polyplast Industries'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.
