About M G Cloth Private Limited
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M G Cloth Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U18109DL2012PTC245382. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹49.12 Lakh. It is led by directors Sunil Aggarwal and Ajay Kumar Sharma.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Pocket A – 8/25 Kalkaji Extension, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2015, the company reported a revenue of ₹28.7 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹13.05 Lakh (net margin 0.5%) and EBITDA of ₹28.62 Lakh (EBITDA margin 1%).
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹18.95 Cr on record. Court records list 27 cases involving the company, including 6 filed by the company and 21 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website mgc.clothing.
Company details
Contact details
M G Cloth Private Limited's registered office is in New Delhi, Delhi. Its website is mgc.clothing. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPocket A – 8/25 Kalkaji Extension, New Delhi, Delhi, India – 110019
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of M G Cloth 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 M G Cloth Private Limited
FY 2015 filings availableM G Cloth Private Limited reported revenue of ₹28.7 Cr (up 5826% YoY) for FY 2015.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹28.7 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹28.62 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹13.05 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 1% |
| Net Profit Margin | 0.5% |
| 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 M G Cloth Private Limited, buy the company report.
Board of directors of M G Cloth Private Limited
M G Cloth has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kumar Sharma | Additional Director | 19 Apr 2017 | 9 Years 6 Months | Current |
| Sunil Aggarwal | Director | 11 Jan 2013 | 13 Years 9 Months | Current |
Auditor
M G Cloth Private Limited is audited by GAURAV RAJ MITTAL & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAURAV RAJ MITTAL & ASSOCIATES | FY 2015 | 015593C |
Shareholding
The shareholding of M G Cloth Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of M G Cloth Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2013 | 10408434 | Indusind Bank Ltd. | ₹18.95 Cr | Open |
To see the full charge records of M G Cloth Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
M G Cloth Private Limited has 27 court cases on record: 6 filed by M G Cloth, 21 filed against it. 4 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 21 | 4 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Reliance Capital Ltd. | Disposed |
| District court, South East, Delhi | Arbitration matter | Filed against the company by Reliance Capital Ltd. | Disposed |
| District court, Central, Delhi | Arbitration matter | Filed by the company against M/S Reliance Capital Ltd. and Anr. and 1 other | Disposed |
| District court, North, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by M/S Fabyarn Inc. | Pending |
To see the full case history of M G Cloth 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 M G Cloth Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
M G Cloth has 1 subsidiary company. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| M. G. Impex Private Limited | U51909DL2007PTC167538 |
To see the full group structure of M G Cloth Private Limited, buy the company report.
Employees & EPFO
M G Cloth Private Limited has 1 active EPFO establishment as of Apr 03, 2024.
GST
M G Cloth has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of M G Cloth Private Limited, buy the company report.
Recent activity
M G Cloth Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Ajay Kumar Sharma was appointed as Additional Director on 19 Apr 2017.
Frequently asked questions
M G Cloth is an active private limited company based in New Delhi, Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 November 2012 (14+ years old) and is registered under CIN U18109DL2012PTC245382.
M G Cloth has 2 current directors:
- Ajay Kumar Sharma - Additional Director
- Sunil Aggarwal - Director
The latest financial statements of M G Cloth on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. M G Cloth has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of M G Cloth is U18109DL2012PTC245382. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M G Cloth has 27 court cases on record: 6 filed by the company and 21 filed against it. 4 are pending.
M G Cloth was incorporated on 27 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Ajay Kumar Sharma was appointed as Additional Director on 19 Apr 2017. Surendra Kumar Goyal ceased to be Additional Director on 19 Apr 2017. Seema Aggarwal ceased to be Director on 12 Dec 2016. M G Cloth has 6 board changes on record in total.
M G Cloth can be reached through the website mgc.clothing. Its registered office is in New Delhi, Delhi, India.
The registered office of M G Cloth is at Pocket A – 825 Kalkaji Extension, New Delhi, Delhi, India – 110019.