Magarolia Paints Private Limited

Magarolia Paints Private Limited - chemicals in Ahmedabad, Gujarat, India. Directors, charges & compliance details.
CIN U24229GJ1999PTC035862 Incorporated 28 April 1999 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Struck Off Private Limited Company chemicals
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Satisfied charges
₹80 Lakh
No open charges
Company age
27 yrs
Est. 1999
Directors on board
5
As per MCA filings
Last financials
Mar 2014
Balance sheet date
Last AGM
30 Sep 2014
Annual general meeting
Company status
Struck Off
MCA master data

About Magarolia Paints Private Limited

Data last updated:

Magarolia Paints Private Limited was a private limited company based in Ahmedabad, Gujarat, 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 manufacturing segment of the chemicals sector. It was incorporated on 28 April 1999.

The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24229GJ1999PTC035862.

The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15 Lakh. It was led by directors including Chandrakant Ramanlal Patel and Ramanbhai Somabhai Patel.

Its last annual general meeting (AGM) was held on 30 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office was at 13 Gokul Tenament Nr. Nirnayanagar Garnala Ghatlodia, Ahmedabad, Gujarat, India – 380061.

As per MCA filings, the company had satisfied charges of ₹80 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.

Company details

CIN U24229GJ1999PTC035862
Registration Number 035862
Incorporation Date 28 April 1999
ROC Ahmedabad
Listing Status Unlisted
Company Status Struck Off

Contact details

Magarolia Paints Private Limited's registered office is in Ahmedabad, Gujarat.

  • Registered Address
    13 Gokul Tenament Nr. Nirnayanagar Garnala Ghatlodia, Ahmedabad, Gujarat, India – 380061
  • Industry
    Chemicals, Manufacturing, Other Chemical Product, Varnishes And Similar Coatings, Printing Ink And Mastics, Paints
Comprehensive company report
Magarolia Paints Private Limited - one report that includes everything
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  • Historical financials and ratios
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  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Financials of Magarolia Paints Private Limited

FY 2014 filings available

Financial Statement Summary

MetricsFY 2013-14
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
Profit Before Tax
Tax Expense
Net Profit (PAT)
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

MetricsFY 2013-14
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 Magarolia Paints Private Limited, buy the company report.

Board of directors of Magarolia Paints Private Limited

Magarolia Paints has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Nitin Kishan JhaAdditional Director27 Sep 201511 Years 1 MonthsAs last reported
Hiral Chandrakant PatelAdditional Director27 Sep 201511 Years 1 MonthsAs last reported
Chandrakant Ramanlal PatelDirector28 Apr 199927 Years 6 MonthsAs last reported
Ramanbhai Somabhai PatelDirector15 May 199927 Years 5 MonthsAs last reported
Parth Chandrakantbhai PatelDirector16 Aug 201016 Years 2 MonthsAs last reported

Charges & borrowings

Open charges
None
Satisfied charges
₹80 Lakh
Breakdown by lending institutions
Bank of Baroda₹0.80 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Mar 200490106888Bank of Baroda₹80 LakhSatisfied

To see the full charge records of Magarolia Paints Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Magarolia Paints 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 Magarolia Paints Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Magarolia Paints Private Limited has 8 board changes on record since 1999: 5 appointments and 3 cessations. The latest: Hiral Chandrakant Patel was appointed as Additional Director on 27 Sep 2015.

Appointed
Hiral Chandrakant Patel was appointed as Additional Director.
Appointed
Nitin Kishan Jha was appointed as Additional Director.
AGM
Magarolia Paints Private Limited last Annual general meeting of members was held on 30 Sep 2014 as per latest MCA records.
Filing
Magarolia Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2014 with Roc Ahmedabad.
Charges
A charge registered on 10 Mar 2004 via Charge ID 90106888 with Bank Of Baroda was fully satisfied on 21 Jan 2011.
Ceased
Parth Chandrakantbhai Patel ceased to be Additional Director.
Ceased
Narendrakumar Ramanlal Patel ceased to be Director.
Appointed
Parth Chandrakantbhai Patel was appointed as Director.
Ceased
Pratiksha Narendra Patel ceased to be Director.
Charges
A charge with Bank Of Baroda of Rs. 80.00 Lakh registered on 10 Mar 2004 with Charge ID 90106888 was modified on 16 Jun 2005.
Charges
A charge with Bank Of Baroda amounted to Rs. 80.00 Lakh with Charge ID 90106888 was registered on 10 Mar 2004.
Appointed
Ramanbhai Somabhai Patel was appointed as Director.

2 earlier events are in the company report.

Frequently asked questions

Magarolia Paints 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.

Magarolia Paints was a private limited company based in Ahmedabad, Gujarat, India. The company worked in manufacturing, within the chemicals industry. It was incorporated on 28 April 1999 and is registered under CIN U24229GJ1999PTC035862. The company has been struck off by the Registrar of Companies and is no longer operational.

Magarolia Paints had 5 directors:

The CIN (Corporate Identification Number) of Magarolia Paints is U24229GJ1999PTC035862. 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 Magarolia Paints is at 13 Gokul Tenament Nr. Nirnayanagar Garnala Ghatlodia, Ahmedabad, Gujarat, India – 380061.

Magarolia Paints was incorporated on 28 April 1999. It is registered with the Registrar of Companies, Ahmedabad.

The latest financial statements of Magarolia Paints on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 30 September 2014. Year-wise statements from 2015 are in the company report.

Magarolia Paints operated in the chemicals industry, in the manufacturing segment. It worked in this industry before it was struck off.

Magarolia Paints has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the district courts.

Hiral Chandrakant Patel was appointed as Additional Director on 27 Sep 2015. Nitin Kishan Jha was appointed as Additional Director on 27 Sep 2015. Parth Chandrakantbhai Patel ceased to be Additional Director on 30 Sep 2010. Magarolia Paints has 8 board changes on record in total.