Solar Magic Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
as on 03-07-2024
- Paid Up Capital ₹ 5.45 Cr
as on 03-07-2024
- Company Age 26 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 5.00 Cr
as on 03-07-2024
- Revenue 4.48%
(FY 2023)
- Profit 89.94%
(FY 2023)
- Ebitda 108.70%
(FY 2023)
- Net Worth 1520.23%
(FY 2023)
- Total Assets -13.97%
(FY 2023)
About Solar Magic
The Corporate was formerly known as Padmanabh Agencies Private Limited. The Company is engaged in the Agriculture 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 5.45 Cr.
The company has closed loans amounting to ₹5.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Samir Somaiya, Karan Mengar, Veerappa Kanabur, and Two other members serve as directors at the Company.
- CIN/LLPIN
U01100MH1998PTC113856
- Company No.
113856
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Mar 1998
- Date of AGM
18 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Solar Magic?
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Samir Somaiya  | Director | 06-Mar-1998 | Current |
| Dharmil Sheth | Director | 20-Jun-2020 | Current |
| Karan Mengar | Director | 20-Jun-2020 | Current |
| Veerappa Kanabur | Additional Director | 28-Dec-2023 | Current |
| Bhalachandra Bakshi | Director | 29-Mar-2011 | Current |
Financial Performance and Corporate Structure Insights of Solar Magic.
Solar Magic Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.48% increase. The company also saw a substantial improvement in profitability, with a 89.94% increase in profit. The company's net worth Soared by an impressive increase of 1520.23%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Solar Magic?
In 2023, Solar Magic had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sakarwadi Trading Company Private LimitedActive 51 years 8 monthsSamir Somaiya and Karan Mengar are mutual person
- Somaiya Agencies Private LimitedActive 60 years 3 months
Samir Somaiya and Karan Mengar are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Corporation Bank Creation Date: 16 Nov 2015 | ₹5.00 Cr | Satisfied |
How Many Employees Work at Solar Magic?
Solar Magic has a workforce of 9 employees as of Apr 08, 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 Solar Magic, 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 Solar Magic'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.
