Mg Polyplast Industries Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 6.34 Cr
- Company Age 14 Year, 4 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 four 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.
Sanjay Kumar, Ashok Garg, and Manish Garg serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U26100DL2010PTC209724
- Company No.
209724
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 Oct 2010
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Manufacturing
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  | Director | 22-Oct-2010 | Current |
| Ashok Garg | Director | 22-Oct-2010 | Current |
| Manish Garg | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Mg Acryplast Industries Private LimitedSanjay Kumar and Manish Garg are mutual person
- Travozet Industries Private Limited
Sanjay Kumar is a mutual person
- Suptertech Fortune Private Limited
Sanjay Kumar is a mutual person
- Fortunetech Manufacturing Private Limited
Sanjay Kumar is a mutual person
- Adwyt International Private Limited
Sanjay Kumar is a mutual person
Charges (Loans)
Open Charges
₹208.12 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Mg Polyplast Industries
Recent activity within the organization
- Charges
A charge with Hdfc Bank Limited of Rs. 29.00 Cr registered on 29 May 2017 with Charge ID 100119128 was modified on 30 Mar 2024.
- Annual General Meeting
Mg Polyplast Industries Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Axis Bank Limited amounted to Rs. 1.30 Cr with Charge ID 100810048 was registered on 06 Sep 2023.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.29 Cr with Charge ID 100786419 was registered on 04 Jul 2023.
- Balance Sheet
Mg Polyplast Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
- Charges
A charge with Others of Rs. 68.93 Cr registered on 11 Jun 2014 with Charge ID 10504603 was modified on 05 Nov 2022.
Frequently asked questions
What is the Incorporation or founding date of Mg Polyplast Industries Private Limited?
Mg Polyplast Industries Private Limited was incorporated on 22 Oct 2010.
What is authorized share capital and paid-up capital of Mg Polyplast Industries Private Limited?
The authorized share capital of Mg Polyplast Industries Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 6.34 Cr.
Who are the current board members & directors of Mg Polyplast Industries Private Limited?
Currently 3 directors are associated with Mg Polyplast Industries Private Limited.
- Sanjay Kumar
- Ashok Garg
- Manish Garg
What is the registered address of Mg Polyplast Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mg Polyplast Industries Private Limited is House No-42 Second Floor Block B-1 Ashok Vihar, Phase-2 India, Delhi, 110052.
What is the corporate identification number (CIN) and company number of Mg Polyplast Industries Private Limited?
The corporate identification number (CIN) of Mg Polyplast Industries Private Limited is U26100DL2010PTC209724 and the company number is 209724 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mg Polyplast Industries Private Limited?
The Official website of Mg Polyplast Industries Private Limited is https://www.mgpolyplast.com
What has been the recent revenue trend for Mg Polyplast Industries Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mg Polyplast Industries Private Limited has fallen by -99.88%.
How many employees does Mg Polyplast Industries Private Limited currently have?
As Per 2023 financial reports, 77 employees are currently employed by Mg Polyplast Industries Private Limited.
What change has been observed in the net worth of Mg Polyplast Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mg Polyplast Industries Private Limited has experienced an downturn of -99.88%.
What are the total open charges for Mg Polyplast Industries Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Mg Polyplast Industries Private Limited amount to ₹ 208.12 Cr.
When was the last Balance Sheet of Mg Polyplast Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Mg Polyplast Industries Private Limited was filed with the ROC on 31 Mar 2023.
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