Mags Garments Private Limited
About Mags Garments Private Limited
Data last updated:
Mags Garments Private Limited was a private limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Sharp International Products Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the personal care and skincare products segment of the FMCG sector. It was incorporated on 22 February 2005.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U28100TG2005PTC168009. Its GSTIN is 02AAECM9782A1ZN (Himachal Pradesh).
The company had an authorised share capital of ₹4 Lakh and a paid-up capital of ₹3.6 Lakh. It was led by directors Nilesh Ashok Kulkarni and Prashant Vasudeo Vaidya.
Its last annual general meeting (AGM) was held on 29 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Malhotra House 6 – 3 – 1186 Begumpet, Hyderabad, Telangana, India – 500016.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.12 Cr. For the same year it recorded a net loss of ₹98.18 Lakh (net margin -87.9%) and EBITDA of -₹58.31 Lakh (EBITDA margin -52.2%).
The company had about 70 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 15 cases involving the company, including 14 filed by the company and 1 filed against it; 5 cases are pending.
Company details
CIN history
Mags Garments has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U28100TG2005PTC168009, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28100TG2005PTC168009 | Current |
| U28100DL2005PTC133254 | Previous |
| U18901DL2005PTC133254 | Previous |
Contact details
Mags Garments Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMalhotra House 6 – 3 – 1186 Begumpet, Hyderabad, Telangana, India – 500016
- IndustryFMCG, Personal Care & Skincare Products
To see the full contact details of Mags Garments 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 Mags Garments Private Limited
FY 2023 filings availableMags Garments Private Limited reported revenue of ₹1.12 Cr for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1.12 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹58.31 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹98.18 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -52.2% | ||
| Net Profit Margin | -87.9% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Mags Garments Private Limited, buy the company report.
Board of directors of Mags Garments Private Limited
Mags Garments has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Ashok Kulkarni Also directs: Laser Shaving (India) Private Limited | Director | 27 Sep 2018 | 8 Years 1 Months | As last reported |
| Prashant Vasudeo Vaidya Also directs: Sharp International Products Private Limited | Director | 23 Sep 2016 | 10 Years 1 Months | As last reported |
Auditor
Mags Garments Private Limited is audited by M. MUKERJEE & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. MUKERJEE & CO | FY 2017 | 303013E |
Shareholding
The shareholding of Mags Garments 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 Mags Garments Private Limited, buy the company report.
Legal cases
Mags Garments Private Limited has 15 court cases on record: 14 filed by Mags Garments, 1 filed against it. 5 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 0 | 5 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed by the company against Union of India and Others | Pending |
| High Court, HIMACHAL PRADESH | Writ petition | Filed by the company against Union of India and Others(Not Applicable) | Pending |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against Union of India(Not Applicable) | Pending |
| High Court, HIMACHAL PRADESH | Writ petition | Filed by the company against Union of India(Not Applicable) | Pending |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against Union of India and Others(Not Applicable) | Pending |
To see the full case history of Mags Garments Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mags Garments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mags Garments Private Limited has a workforce of 70 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Mags Garments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAECM9782A1ZN | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mags Garments Private Limited, buy the company report.
Recent activity
Mags Garments Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Nilesh Ashok Kulkarni was appointed as Director on 27 Sep 2018.
Frequently asked questions
Mags Garments has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mags Garments was a private limited company based in Hyderabad, Telangana, India. The company worked in personal care and skincare products, within the FMCG industry. It was incorporated on 22 February 2005 and is registered under CIN U28100TG2005PTC168009. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mags Garments was incorporated on 22 February 2005. It is registered with the Registrar of Companies, Hyderabad.
Mags Garments had 2 directors:
- Nilesh Ashok Kulkarni - Director
- Prashant Vasudeo Vaidya - Director
The CIN (Corporate Identification Number) of Mags Garments is U28100TG2005PTC168009. 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 Mags Garments is at Malhotra House 6 – 3 – 1186 Begumpet, Hyderabad, Telangana, India – 500016.
The latest financial statements of Mags Garments on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 July 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Mags Garments is 02AAECM9782A1ZN, registered in Himachal Pradesh.
Mags Garments operated in the FMCG industry, in the personal care and skincare products segment.
Mags Garments has 15 court cases on record: 14 filed by the company and 1 filed against it. 5 are pending. Most are in the high courts.