M D Network Commodities Private Limited
About M D Network Commodities Private Limited
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M D Network Commodities Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 07 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U52599WB2002PTC095352. Its GSTIN is 19AAECM0193M1Z4 (West Bengal).
The company has an authorised share capital of ₹67 Lakh and a paid-up capital of ₹66.95 Lakh. It is led by directors including Akash Hamirbasia and Kusum Kanoria.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 14 Motilal Nehru Road, Kolkata, West Bengal, India – 700029.
As per the financials filed for FY 2023, the company reported a revenue of ₹53.8 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹20.5 Lakh (net margin -38.1%) and EBITDA of -₹20.21 Lakh (EBITDA margin -37.6%). Revenue has grown at a compounded annual rate (CAGR) of 106% over three years and 31% over five years.
As per MCA filings, the company has open charges of ₹6 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
M D Network Commodities Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address14 Motilal Nehru Road, Kolkata, West Bengal, India – 700029
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of M D Network Commodities 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
Business activity
The main business activity of M D Network Commodities is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of M D Network Commodities Private Limited, buy the company report.
Financials of M D Network Commodities Private Limited
FY 2023 filings availableM D Network Commodities Private Limited reported revenue of ₹53.8 Lakh (up 226% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 226% growth in the latest year. EBITDA fell 49% 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹20.21 Lakh | ||||
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| Net Profit (PAT) | -₹20.5 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -37.6% | ||||
| Net Profit Margin | -38.1% | ||||
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To see the full financial statements and ratios of M D Network Commodities Private Limited, buy the company report.
Board of directors of M D Network Commodities Private Limited
M D Network Commodities 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 |
|---|---|---|---|---|
| Akash Hamirbasia | Director | 29 Oct 2010 | 15 Years 11 Months | Current |
| Kusum Kanoria Also directs: Mozufferpore Electric Supply Co Ltd, Tara Investments Ltd | Director | 22 Feb 2010 | 16 Years 8 Months | Current |
| Subhas Agarwalla Also directs: Ishaan Machines LLP, Opg Power Maharashtra Private Limited, Swadesh Agro Farming & Storage Pvt Ltd and 1 more | Director | 29 Oct 2010 | 15 Years 11 Months | Current |
Auditor
M D Network Commodities Private Limited is audited by V N PUROHIT & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V N PUROHIT & CO | FY 2019 | 304040E |
Shareholding
The shareholding of M D Network Commodities Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of M D Network Commodities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2017 | 100138753 | State Bank of India | ₹6 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving M D Network Commodities 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 M D Network Commodities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M D Network Commodities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECM0193M1Z4 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of M D Network Commodities Private Limited, buy the company report.
Recent activity
M D Network Commodities Private Limited has 6 board changes on record since 2010: 3 appointments and 3 cessations. The latest: Akash Hamirbasia was appointed as Director on 29 Oct 2010.
Frequently asked questions
M D Network Commodities is an active private limited company based in Kolkata, West Bengal, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 07 November 2002 (24+ years old) and is registered under CIN U52599WB2002PTC095352.
M D Network Commodities has 3 current directors:
- Akash Hamirbasia - Director
- Kusum Kanoria - Director
- Subhas Agarwalla - Director
The latest financial statements of M D Network Commodities on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of M D Network Commodities is 19AAECM0193M1Z4, registered in West Bengal.
The CIN (Corporate Identification Number) of M D Network Commodities is U52599WB2002PTC095352. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M D Network Commodities was incorporated on 07 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Kolkata.
Akash Hamirbasia was appointed as Director on 29 Oct 2010. Govind Kumar Agarwal ceased to be Director on 29 Oct 2010. Padma Kanoria ceased to be Director on 29 Oct 2010. M D Network Commodities has 6 board changes on record in total.
The registered office of M D Network Commodities is at 14 Motilal Nehru Road, Kolkata, West Bengal, India – 700029.
M D Network Commodities operates in the financial services industry, in the brokerage and trading services segment.
M D Network Commodities has open charges of ₹6 Cr and no satisfied charges on record as per latest MCA filings.