About Jade Magnet Online Private Limited
Data last updated:
Jade Magnet Online Private Limited was a private limited company based in Bangalore, Karnataka, 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 service-based operations segment of the business services sector. It was incorporated on 06 October 2009.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2009PTC051105.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.05 Lakh. It was led by directors Manik Kinra and Sitashwa Srivastava.
Its last annual general meeting (AGM) was held on 30 September 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office was at # 538 3rd Floor Cmh Road Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2013, the company reported a revenue of ₹1.22 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹17.59 Lakh (net margin -14.4%) and EBITDA of -₹14.12 Lakh (EBITDA margin -11.5%).
The company was associated with 1 brand: JadeMagnet. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹2.14 Cr; the latest was in June 2012.
The last known website on record is jademagnet.com.
Company details
Contact details
Jade Magnet Online Private Limited's registered office is in Bangalore, Karnataka.
- Registered Address# 538 3rd Floor Cmh Road Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
- 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
Brands
Jade Magnet Online operates one associated brand: JadeMagnet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Facilitates crowdsourcing platforms for innovative marketing creative solutions. | jademagnet.com |
Financials of Jade Magnet Online Private Limited
FY 2013 filings availableJade Magnet Online Private Limited reported revenue of ₹1.22 Cr (up 6% YoY) for FY 2013.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year. EBITDA rose 35% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2012-13 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
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| Total Expenses | |
| EBITDA | -₹14.12 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹17.59 Lakh |
| Balance Sheet | |
| Share Capital | |
| Reserves and Surplus | |
| Net Worth (Total Equity) | |
| Long-term Borrowings | |
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Financial Ratios
| Metrics | FY 2012-13 |
|---|---|
| Profitability | |
| EBITDA Margin | -11.5% |
| Net Profit Margin | -14.4% |
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | |
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To see the full financial statements and ratios of Jade Magnet Online Private Limited, buy the company report.
Board of directors of Jade Magnet Online Private Limited
Jade Magnet Online has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manik Kinra | Director | 04 Mar 2015 | 11 Years 8 Months | As last reported |
| Sitashwa Srivastava Also directs: SPSS Innovation Ventures LLP, Stockal Broking Ifsc Private Limited, Stockal Securities Private Limited and 3 more | Director | 06 Oct 2009 | 17 Years 1 Months | As last reported |
Deals & funding
Jade Magnet Online Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹2.14 Cr; the latest was in June 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2012 | Funding round | ₹1.69 Cr | |
| Mar 2011 | Funding round | ₹45 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Jade Magnet Online 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 Jade Magnet Online Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Jade Magnet Online Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Jade Magnet Online Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Manik Kinra was appointed as Director on 04 Mar 2015.
Frequently asked questions
Jade Magnet Online 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.
Jade Magnet Online was a private limited company based in Bangalore, Karnataka, India. The company worked in other services, within the business services industry. It was incorporated on 06 October 2009 and is registered under CIN U74999KA2009PTC051105. The company has been struck off by the Registrar of Companies and is no longer operational.
Jade Magnet Online had 2 directors:
- Manik Kinra - Director
- Sitashwa Srivastava - Director
The CIN (Corporate Identification Number) of Jade Magnet Online is U74999KA2009PTC051105. 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 Jade Magnet Online is at # 538 3rd Floor Cmh Road Indiranagar, Bangalore, Karnataka, India – 560038.
Jade Magnet Online was incorporated on 06 October 2009. It is registered with the Registrar of Companies, Bangalore.
Jade Magnet Online can be reached through the website jademagnet.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Jade Magnet Online on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 30 September 2013. Year-wise statements from 2015 are in the company report.
Jade Magnet Online operated in the business services industry, in the other services segment. It worked in this industry before it was struck off.
Jade Magnet Online has 2 deals on record (2 funding rounds), with disclosed funding of ₹2.14 Cr; the latest was in June 2012.
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