Mg Retails Private Limited

Metal fabrication and metalworking services since 2019, based in Delhi.

2019 | Delhi (India) | Active
Last Updated:

Mg Retails Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 5.00 M
  • Company Age 5 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 2.50 M
  • Revenue Growth -88.77%
  • Profit Growth -1178.80%
  • Ebitda -149.06%
  • Net Worth -54.73%
  • Total Assets -17.92%

About Mg Retails

Mg Retails Private Limited (MRPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 29 July 2019 (Five years and seven months 6 days old ). Its registered office is in Delhi, India.

The Company is engaged in the Engineering 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 1.00 Cr and a paid-up capital of Rs 5.00 M.

The company currently has active open charges totaling ₹2.50 M.

Mohd Choudhary, Aqib Khan, and Mumtaz Khan serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U52190DL2019PTC353164

  • Company No.

    353164

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Jul 2019

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Engineering

What products or services does Mg Retails Private Limited offer?

Mg Retails Private Limited offers a wide range of products and services, including Water Purifiers, Aquaguard Water Purifiers, Disposable Gloves, Nitrile Gloves, Networking Solutions, Annual Maintenance Contract Services, Site Annual Maintenance Services, Website Designing, Dynamic Web Designing Services, Website Domain Hosting Service.

Who are the key members and board of directors at Mg Retails?

Board Members (3)

NameDesignationAppointment DateStatus
Mohd Choudhary Country flag representing In Director 09-Sep-2019Current
Aqib Khan Country flag representing In Director 28-Mar-2022Current
Mumtaz Khan Country flag representing In Director 29-Jul-2019Current

Financial Performance of Mg Retails.

Mg Retails Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 88.77% decrease. The company also saw a substantial fall in profitability, with a 1178.8% decrease in profit. The company's net worth observed a substantial decline by a decrease of 54.73%.

Mg Retails revenue growth over time
Mg Retails 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
-88.77%
Revenue from Operations
-88.77%
Total Assets
-17.92%
Profit or Loss
-1178.80%
Net Worth
-54.73%
EBITDA
-149.06%

What is the Ownership and Shareholding Structure of Mg Retails?

In 2023, Mg Retails had a promoter holding of 65.00% and a public holding of 35.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.25 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • The Jammu And Kashmir Bank Limited : 0.25 Cr

Latest Charge Details

DateLenderAmountStatus
23 Sep 2020The Jammu And Kashmir Bank Limited₹2.50 MOpen

How Many Employees Work at Mg Retails?

Unlock and access historical data on people associated with Mg Retails, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Mg Retails Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mg Retails, 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 Retails'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 Mg Retails

Recent activity within the organization

  • Annual General Meeting

    Mg Retails Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Mg Retails Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

  • Director Appointment

    Aqib Javed Khan was appointed as a Director was appointed as a Director on 28 Mar 2022 & has been associated with this company since 2 years 11 months .

  • Charges

    A charge with The Jammu And Kashmir Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100401294 was registered on 23 Sep 2020.

  • Director Appointment

    Mohd Waqar Choudhary was appointed as a Director was appointed as a Director on 09 Sep 2019 & has been associated with this company since 5 years 5 months .

  • Director Appointment

    Mumtaz Javed Khan was appointed as a Director was appointed as a Director on 29 Jul 2019 & has been associated with this company since 5 years 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Mg Retails Private Limited?

    Mg Retails Private Limited was incorporated on 29 Jul 2019.

  • What is authorized share capital and paid-up capital of Mg Retails Private Limited?

    The authorized share capital of Mg Retails Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 5.00 M.

  • Who are the current board members & directors of Mg Retails Private Limited?

    Currently 3 directors are associated with Mg Retails Private Limited.

    • Mohd Waqar Choudhary
    • Aqib Javed Khan
    • Mumtaz Javed Khan

  • What is the registered address of Mg Retails Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mg Retails Private Limited is Shop No. T-34 Plot No-2 Sector 22 Manish Global Mall, Dwarka India, Delhi, 110077.

  • What is the corporate identification number (CIN) and company number of Mg Retails Private Limited?

    The corporate identification number (CIN) of Mg Retails Private Limited is U52190DL2019PTC353164 and the company number is 353164 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mg Retails Private Limited?

    The Official website of Mg Retails Private Limited is https://www.mg-retails-private-limited.business.site

  • What has been the recent revenue trend for Mg Retails Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mg Retails Private Limited has fallen by -88.77%.

  • What change has been observed in the net worth of Mg Retails Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Mg Retails Private Limited has experienced an downturn of -54.73%.

  • What are the total open charges for Mg Retails Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mg Retails Private Limited amount to ₹ 2.50 M.

  • When was the last Balance Sheet of Mg Retails Private Limited filed with the ROC?

    The most recent Balance Sheet for Mg Retails Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Metal Foundry & Fabrication Services