Megnetic Retail Private Limited
About Megnetic Retail Private Limited
Data last updated:
Megnetic Retail Private Limited was a private limited company based in Faridabad, Haryana, 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 wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 01 May 2013.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U51909HR2013PTC048982. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Swikar Chopra and Richa Changulani.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at H.N. 1811 Sector 28, Faridabad, Haryana, India – 121002.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.11 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹7.2 Lakh (net margin 1.8%) and EBITDA of ₹14.35 Lakh (EBITDA margin 3.5%).
Company details
Contact details
Megnetic Retail Private Limited's registered office is in Faridabad, Haryana.
- Registered AddressH.N. 1811 Sector 28, Faridabad, Haryana, India – 121002
- IndustryTrading, Wholesale, Retailers, Other Wholesale, Retail Trading
- 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
Business activity
The main business activity of Megnetic Retail is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Megnetic Retail Private Limited, buy the company report.
Financials of Megnetic Retail Private Limited
FY 2016 filings availableMegnetic Retail Private Limited reported revenue of ₹4.11 Cr (down 5% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year. EBITDA rose 53% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
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| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹14.35 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹7.2 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
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| Trade Payables | ||
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| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 3.5% | |
| Net Profit Margin | 1.8% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
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To see the full financial statements and ratios of Megnetic Retail Private Limited, buy the company report.
Board of directors of Megnetic Retail Private Limited
Megnetic Retail has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swikar Chopra | Director | 01 May 2013 | 13 Years 5 Months | As last reported |
| Richa Changulani | Director | 01 May 2013 | 13 Years 5 Months | As last reported |
Peer comparison
Megnetic Retail Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Next Tree Products Private Limited | ₹4.11 Cr (FY 2025) | -57.0% | Bhiwandi, Maharashtra, India | |||
| Khoobsurat Jewels Private Limited | ₹4.11 Cr (FY 2016) | -40.0% | Hyderabad, Telangana, India | |||
| Guru Nanak Business Solutions Private Limited | ₹4.11 Cr (FY 2015) | New Delhi, Delhi, India | ||||
| Deep Infratech Private Limited | ₹4.11 Cr (FY 2025) | 2084.0% | Nagpur, Maharashtra, India | |||
| Hilikes Innovation Private Limited | ₹4.11 Cr (FY 2024) | 88.0% | Jaipur, Rajasthan, India | |||
| Megnetic Retail Private Limitedthis company | ₹4.11 Cr (FY 2016) | ₹7.2 Lakh | 1.8% | -5.0% | Faridabad, Haryana, India | |
| Liable Essential Oil Products Private Limited | ₹4.11 Cr (FY 2025) | 61.0% | Noida, Uttar Pradesh, India | |||
| Saberi's Opticals Private Limited | ₹4.11 Cr (FY 2016) | -32.0% | Hyderabad, Telangana, India | |||
| Sunil Auto Sales Private Limited | ₹4.11 Cr (FY 2025) | -88.0% | Lucknow, Uttar Pradesh, India | |||
| WS Direct Selling Private Limited | ₹4.11 Cr (FY 2020) | -15.0% | Patiala, Punjab, India | |||
| KTS Appliances Private Limited | ₹4.11 Cr (FY 2025) | 593.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Megnetic Retail Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Megnetic Retail 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 Megnetic Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Megnetic Retail 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 Megnetic Retail Private Limited, buy the company report.
Recent activity
Megnetic Retail Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Richa Changulani was appointed as Director on 01 May 2013.
Frequently asked questions
Megnetic Retail 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.
Megnetic Retail was a private limited company based in Faridabad, Haryana, India. The company worked in wholesale, within the trading industry. It was incorporated on 01 May 2013 and is registered under CIN U51909HR2013PTC048982. The company has been struck off by the Registrar of Companies and is no longer operational.
Megnetic Retail had 2 directors:
- Swikar Chopra - Director
- Richa Changulani - Director
The CIN (Corporate Identification Number) of Megnetic Retail is U51909HR2013PTC048982. 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 Megnetic Retail is at H.N. 1811 Sector 28, Faridabad, Haryana, India – 121002.
Megnetic Retail was incorporated on 01 May 2013. It is registered with the Registrar of Companies, Delhi.
The latest financial statements of Megnetic Retail on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Megnetic Retail has 1 GST registration on record and it is cancelled or inactive.
Megnetic Retail operated in the trading industry, in the wholesale segment. It worked in this industry before it was struck off.
The peers of Megnetic Retail by revenue are Next Tree Products Private Limited, Khoobsurat Jewels Private Limited, Guru Nanak Business Solutions Private Limited, Deep Infratech Private Limited, Hilikes Innovation Private Limited and 5 more, all in the same principal business activity (retail trading).
Richa Changulani was appointed as Director on 01 May 2013. Swikar Chopra was appointed as Director on 01 May 2013.