Magic Idea Creations Private Limited
About Magic Idea Creations Private Limited
Data last updated:
Magic Idea Creations Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 12 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2013PTC090003.
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors including Gorantla Venkata Sathishkumar (Managing Director) and Gorantla Ahalya.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at No.26 K Block 1st Avenue Anna Nagar East, Chennai, Tamil Nadu, India – 600102.
As per the financials filed for FY 2016, the company reported a revenue of ₹29.66 Lakh, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹11.16 Lakh (net margin -37.6%) and EBITDA of ₹2.86 Lakh (EBITDA margin 9.6%).
As per MCA filings, the company has open charges of ₹58 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressNo.26 K Block 1st Avenue Anna Nagar East, Chennai, Tamil Nadu, India – 600102
- IndustryFashion and Textile, Fashion Retail
- 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
- One PDF report, delivered after checkout
Business Activity of Magic Idea Creations Private Limited
The main business activity of Magic Idea Creations is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Magic Idea Creations Private Limited FY 2016 filings available
Magic Idea Creations Private Limited reported revenue of ₹29.66 Lakh (down 77% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Magic Idea Creations Private Limited
Revenue fell 77% in the latest year. EBITDA fell 53% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Magic Idea Creations Private Limited
| 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 | ₹2.86 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹11.16 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 of Magic Idea Creations Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 9.6% | •••• |
| Net Profit Margin | -37.6% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Magic Idea Creations are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Magic Idea Creations Private Limited
Magic Idea Creations Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ramkanai Jamini Ranjan Paul Pvt Ltd | ₹30.03 Lakh (FY 2019) | •••• | •••• | -3.0% | •••• | Kolkata, West Bengal, India |
| C.S. Thomas Apparels Private Limited | ₹30.02 Lakh (FY 2025) | •••• | •••• | -7.0% | •••• | Gurgaon, Haryana, India |
| Phlox Designers Private Limited | ₹29.91 Lakh (FY 2025) | •••• | •••• | 34.0% | •••• | Howrah, West Bengal, India |
| Aadi Tradelink Limited | ₹29.88 Lakh (FY 2025) | •••• | •••• | -31.0% | •••• | Jaipur, Rajasthan, India |
| Yogi Budha Finance & Resources Pvt. Ltd. | ₹29.7 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | Kolkata, West Bengal, India |
| Magic Idea Creations Private Limited this company | ₹29.66 Lakh (FY 2016) | •••• | •••• | -77.0% | •••• | Chennai, Tamil Nadu, India |
| Mellonta Trading Private Limited | ₹29.65 Lakh (FY 2025) | •••• | •••• | -25.0% | •••• | Lucknow, Uttar Pradesh, India |
| Superior Dress Design Private Limited | ₹29.59 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Swastik Tradelink Private Limited | ₹29.52 Lakh (FY 2025) | •••• | •••• | 27.0% | •••• | Ahmedabad, Gujarat, India |
| Kariwala Sarees Pvt Ltd | ₹29.39 Lakh (FY 2025) | •••• | •••• | -89.0% | •••• | Kolkata, West Bengal, India |
| Huuves Design Private Limited | ₹29.37 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Magic Idea Creations by revenue in the Apparel industry (Apparel Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Magic Idea Creations Private Limited
Magic Idea Creations has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gorantla Ahalya | Director | 18 Jun 2013 | 13 Years 3 Months | Current |
| Gorantla Venkata Sathishkumar | Managing Director | 12 Mar 2013 | 13 Years 6 Months | Current |
| Gorantla Deshna Krupa | Director | 30 Jul 2020 | 6 Years 2 Months | Current |
Charges & Borrowings of Magic Idea Creations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Aug 2013 | Indian Bank | ₹58 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Magic Idea Creations Private Limited
Magic Idea Creations Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (RCOP) | Filed against the company by an individual | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Magic Idea Creations Private Limited
Employment history and EPFO contributions of people linked to Magic Idea Creations.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Magic Idea Creations Private Limited
Magic Idea Creations Private Limited has 5 board changes on record since 2013: 4 appointments and 1 cessation. The latest: Gorantla Deshna Krupa was appointed as Director on 30 Jul 2020.
Credit Ratings, Litigation & Regulatory Alerts for Magic Idea Creations Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magic Idea Creations Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magic Idea Creations Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Magic Idea Creations Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magic Idea Creations Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Magic Idea Creations Private Limited
Magic Idea Creations is an active private limited company based in Chennai, Tamil Nadu, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 12 March 2013 (13+ years old) and is registered under CIN U74900TN2013PTC090003.
Magic Idea Creations reported revenue of ₹29.66 Lakh for FY 2016 (down 77% YoY).
Magic Idea Creations has 3 current directors:
- Gorantla Venkata Sathishkumar - Managing Director
- Gorantla Ahalya - Director
- Gorantla Deshna Krupa - Director
Magic Idea Creations reported a net loss of ₹11.16 Lakh (net margin -37.6%) and EBITDA of ₹2.86 Lakh (EBITDA margin 9.6%) for FY 2016, as per its filed financial statements.
The CIN (Corporate Identification Number) of Magic Idea Creations is U74900TN2013PTC090003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magic Idea Creations has 1 court case on record: 1 filed against it.
Magic Idea Creations was incorporated on 12 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Magic Idea Creations by revenue are Ramkanai Jamini Ranjan Paul Pvt Ltd, C.S. Thomas Apparels Private Limited, Phlox Designers Private Limited, Aadi Tradelink Limited, Yogi Budha Finance & Resources Pvt. Ltd. and 5 more, all in the Apparel industry (Apparel Retail and Distribution).
Gorantla Deshna Krupa was appointed as Director on 30 Jul 2020. Chalapathi Gorantla Venkata ceased to be Director on 18 Jun 2013. Gorantla Ahalya was appointed as Director on 18 Jun 2013. Magic Idea Creations has 5 board changes on record in total.
The registered office of Magic Idea Creations is at No.26 K Block 1st Avenue Anna Nagar East, Chennai, Tamil Nadu, India – 600102.
Magic Idea Creations has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹9 Lakh.