Salem Magnesite Private Limited
About Salem Magnesite Private Limited
Data last updated:
Salem Magnesite Private Limited was a private limited company based in Mumbai, Maharashtra, 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 07 November 1940.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U13100MH1940PTC003201. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.12 Lakh. It was led by directors including Prabhav Mihir Mehta and Kshitij Mihir Mehta.
Its last annual general meeting (AGM) was held on 30 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 38 Noble Chambersnow Vasta House S A Brelvi Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2016, the company reported a revenue of ₹57,329, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹4.38 Lakh and EBITDA of -₹4.38 Lakh.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
Company details
Contact details
Salem Magnesite Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address38 Noble Chambersnow Vasta House S A Brelvi Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryTrading, Retailers, 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 Salem Magnesite 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 |
Financials of Salem Magnesite Private Limited
FY 2016 filings availableSalem Magnesite Private Limited reported revenue of ₹57,329 (down 71% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year. EBITDA fell 667% 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 | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹4.38 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.38 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| 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 Salem Magnesite Private Limited, buy the company report.
Board of directors of Salem Magnesite Private Limited
Salem Magnesite has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhav Mihir Mehta | Director | 21 Apr 2003 | 23 Years 6 Months | As last reported |
| Kshitij Mihir Mehta Also directs: Sun Traders Bombay Private Limited | Director | 04 Aug 2008 | 18 Years 2 Months | As last reported |
| Isha Mihir Mehta Also directs: Sun Traders Bombay Private Limited | Director | 28 Feb 2012 | 14 Years 8 Months | As last reported |
Peer comparison
Salem Magnesite 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 |
|---|---|---|---|---|---|---|
| Flutewood Publications Private Limited | ₹57,515 (FY 2023) | Ranchi, Jharkhand, India | ||||
| Gamas Life Sciences Private Limited | ₹57,439 (FY 2025) | -99.0% | Indore, Madhya Pradesh, India | |||
| Alvittas Green Energy Private Limited | ₹57,405 (FY 2024) | 2770.0% | Chennai, Tamil Nadu, India | |||
| Kiri Exports Private Limited | ₹57,399 (FY 2024) | 283.0% | New Delhi, Delhi, India | |||
| Crofus Online Store (OPC) Private Limited | ₹57,367 (FY 2025) | 13559.0% | Mallapuzhassery, Kerala, India | |||
| Salem Magnesite Private Limitedthis company | ₹57,329 (FY 2016) | -₹4.38 Lakh | -71.0% | Mumbai, Maharashtra, India | ||
| Triptam Labs Private Limited | ₹57,305 (FY 2024) | -43.0% | Delhi, India | |||
| Bitcoin Consultancy Private Limited | ₹57,151 (FY 2021) | -17.0% | Siliguri, West Bengal, India | |||
| Morningcars Tech Private Limited | ₹57,097 (FY 2021) | Gurugram, Haryana, India | ||||
| Docontap Private Limited | ₹57,080 (FY 2024) | -35.0% | New Delhi, Delhi, India | |||
| Hansel Ecomm Private Limited | ₹57,034 (FY 2019) | -97.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Salem Magnesite Private Limited, buy the company report.
Legal cases
Salem Magnesite Private Limited has 4 court cases on record: 3 filed by Salem Magnesite, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed against the company by individuals | Disposed |
| Supreme Court | Court case (9999-Other) | Filed by the company against State of Tamil Nadu . | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against S/T by Secy Industries Dept, and 6 others | Disposed |
To see the full case history of Salem Magnesite 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 Salem Magnesite Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Salem Magnesite 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 Salem Magnesite Private Limited, buy the company report.
Recent activity
Salem Magnesite Private Limited has 6 board changes on record since 2003: 3 appointments and 3 cessations. The latest: Kshitij Mihir Mehta ceased to be Additional Director on 14 Aug 2015.
Frequently asked questions
Salem Magnesite 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.
Salem Magnesite was a private limited company based in Mumbai, Maharashtra, India. The company worked in retailers, within the trading industry. It was incorporated on 07 November 1940 and is registered under CIN U13100MH1940PTC003201. The company has been struck off by the Registrar of Companies and is no longer operational.
Salem Magnesite had 3 directors:
- Prabhav Mihir Mehta - Director
- Kshitij Mihir Mehta - Director
- Isha Mihir Mehta - Director
The CIN (Corporate Identification Number) of Salem Magnesite is U13100MH1940PTC003201. 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 Salem Magnesite is at 38 Noble Chambersnow Vasta House S A Brelvi Road Fort, Mumbai, Maharashtra, India – 400001.
Salem Magnesite was incorporated on 07 November 1940. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Salem Magnesite on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 August 2016. Year-wise statements from 2015 are in the company report.
No. Salem Magnesite has 1 GST registration on record and it is cancelled or inactive.
Salem Magnesite operated in the trading industry, in the retailers segment. It worked in this industry before it was struck off.
The peers of Salem Magnesite by revenue are Flutewood Publications Private Limited, Gamas Life Sciences Private Limited, Alvittas Green Energy Private Limited, Kiri Exports Private Limited, Crofus Online Store (OPC) Private Limited and 5 more, all in the same principal business activity (retail trading).
Salem Magnesite has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the high courts.