Magma Resources Private Limited
About Magma Resources Private Limited
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Magma Resources Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the retail trade segment of the trading and commerce sector. It was incorporated on 31 March 2011.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U14200GJ2011PTC064697. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Abhijit Himmatbhai Chavda and Amulya Himmatbhai Chavda.
Its last annual general meeting (AGM) was held on 23 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 49 Sardar Patel Nagar Yashodanandan Flat 1 Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2019, the company reported a revenue of ₹11,388, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹10,566 (net margin -92.8%) and EBITDA of -₹10,566 (EBITDA margin -92.8%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years.
Company details
Contact details
Magma Resources Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address49 Sardar Patel Nagar Yashodanandan Flat 1 Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryTrading, Retailers, Retail Trading
To see the full contact details of Magma Resources Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Magma Resources Private Limited
FY 2019 filings availableMagma Resources Private Limited reported revenue of ₹11,388 (down 9% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 76% over three years, including a 9% fall in the latest year. EBITDA fell 760% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | -₹10,566 | ||||
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| Net Profit (PAT) | -₹10,566 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | -92.8% | ||||
| Net Profit Margin | -92.8% | ||||
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To see the full financial statements and ratios of Magma Resources Private Limited, buy the company report.
Board of directors of Magma Resources Private Limited
Magma Resources has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhijit Himmatbhai Chavda Also directs: Zenvira Pharmaceuticals Private Limited | Director | 31 Mar 2011 | 15 Years 6 Months | As last reported |
| Amulya Himmatbhai Chavda | Director | 28 Apr 2013 | 13 Years 6 Months | As last reported |
Auditor
Magma Resources Private Limited is audited by B.A PAVAGADHI & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.A PAVAGADHI & CO. | FY 2017 | 107862W |
Shareholding
The shareholding of Magma Resources Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magma Resources Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magma Resources Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magma Resources Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magma Resources has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Magma Resources Private Limited, buy the company report.
Recent activity
Magma Resources Private Limited has 8 board changes on record since 2011: 2 appointments and 6 cessations. The latest: Manjit Mulkraj Buttalia ceased to be Director on 01 Jun 2019.
Frequently asked questions
Magma Resources has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Magma Resources was a private limited company based in Ahmedabad, Gujarat, India. The company worked in retailers, within the trading industry. It was incorporated on 31 March 2011 and is registered under CIN U14200GJ2011PTC064697. The company has been struck off by the Registrar of Companies and is no longer operational.
Magma Resources had 2 directors:
- Abhijit Himmatbhai Chavda - Director
- Amulya Himmatbhai Chavda - Director
The CIN (Corporate Identification Number) of Magma Resources is U14200GJ2011PTC064697. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Magma Resources is at 49 Sardar Patel Nagar Yashodanandan Flat 1 Navrangpura, Ahmedabad, Gujarat, India – 380009.
Magma Resources was incorporated on 31 March 2011. It is registered with the Registrar of Companies, Ahmedabad.
The latest financial statements of Magma Resources on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 23 September 2019. Year-wise statements from 2015 are in the company report.
No. Magma Resources has 1 GST registration on record and it is cancelled or inactive.
Magma Resources operated in the trading industry, in the retailers segment. It worked in this industry before it was struck off.
Manjit Mulkraj Buttalia ceased to be Director on 01 Jun 2019. Metesh Pravinkumar Patel ceased to be Director on 01 Jun 2019. Shaileshkumar Kanjibhai Shiroya ceased to be Director on 01 Jun 2019. Magma Resources has 8 board changes on record in total.