About Magic Properties Private Limited
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Magic Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hive Carbon-Zero Developers Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 17 November 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1994PTC083042. Its GSTIN is 27AACCM6426F1ZK (Maharashtra).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹4.51 Cr. It is led by directors Gunashekhar Kashi Vishwanathan and Yifei Wang.
Its last annual general meeting (AGM) was held on 28 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Ground Flr Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz (West), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.27 Lakh, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹2.74 Cr and EBITDA of -₹2.72 Cr. Revenue has declined at a compounded annual rate (CAGR) of 91% over three years and 72% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹274.29 Cr on record. Court records list 294 cases involving the company, including 79 filed by the company and 215 filed against it; 76 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ahujagroup.com.
Company details
Contact details
Magic Properties Private Limited's registered office is in Mumbai, Maharashtra. Its website is ahujagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Flr Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz (West), Mumbai, Maharashtra, India – 400054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Magic Properties 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 Magic Properties is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
Financials of Magic Properties Private Limited
FY 2022 filings availableMagic Properties Private Limited reported revenue of ₹1.27 Lakh (up 18% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 72%. EBITDA fell 73% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.27 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.74 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Magic Properties Private Limited, buy the company report.
Board of directors of Magic Properties Private Limited
Magic Properties has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunashekhar Kashi Vishwanathan Also directs: Nanban Apparel LLP, Shree Ahuja Properties Private Limited, Pushpanjali Realtors Private Limited and 3 more | Director | 04 Dec 2023 | 2 Years 10 Months | Current |
| Yifei Wang | Director | 01 Oct 2019 | 7 Years 0 Months | Current |
Auditor
Magic Properties Private Limited is audited by Manjunath Gowda & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manjunath Gowda & Associates | FY 2022 | 123659W |
Shareholding
The shareholding of Magic Properties Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magic Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2018 | 100169077 | Others | ₹45 Cr | Satisfied | |
| 22 Mar 2018 | 100169043 | Others | ₹120 Cr | Satisfied | |
| 19 Aug 2015 | 10589305 | The Cosmos Co-Op Bank Ltd | ₹22 Cr | Satisfied | |
| 04 Feb 2014 | 10481018 | Idbi Trusteeship Services Limited | ₹60 Cr | Satisfied | |
| 01 Mar 2012 | 10341882 | The Cosmos Co-Op Bank Ltd | ₹27.25 Cr | Satisfied |
To see the full charge records of Magic Properties Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Magic Properties Private Limited has 294 court cases on record: 79 filed by Magic Properties, 215 filed against it. 76 cases are pending and 218 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 217 | 160 | 66 |
| High courts | 70 | 51 | 10 |
| Supreme Court | 7 | 4 | 0 |
Cases on record (5 of 294)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against M/S. Shree Ahuja Properties and Realtors Pvt Ltd. and 16 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company | Pending |
| Bombay High Court | Court case (APP) | Filed against the company | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Cupino Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI BAIL APPLN) | Filed against the company | Pending |
To see the full case history of Magic Properties 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 Magic Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magic Properties Private Limited has a workforce of 8 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Magic Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM6426F1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magic Properties Private Limited, buy the company report.
Recent activity
Magic Properties Private Limited has 14 board changes on record since 2014: 2 appointments and 12 cessations. The latest: Gunashekhar Kashi Vishwanathan ceased to be Additional Director on 27 Dec 2023.
17 earlier events are in the company report.
Frequently asked questions
Magic Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 17 November 1994 (32+ years old) and is registered under CIN U45200MH1994PTC083042.
Magic Properties has 2 current directors:
- Gunashekhar Kashi Vishwanathan - Director
- Yifei Wang - Director
The latest financial statements of Magic Properties on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 28 December 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Magic Properties is 27AACCM6426F1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magic Properties is U45200MH1994PTC083042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magic Properties has 294 court cases on record: 79 filed by the company and 215 filed against it. 76 are pending. Most are in the district courts.
Magic Properties was incorporated on 17 November 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Gunashekhar Kashi Vishwanathan ceased to be Additional Director on 27 Dec 2023. Gunashekhar Kashi Vishwanathan was appointed as Director on 04 Dec 2023. Chandrahas Yellappa Kotian ceased to be Additional Director on 28 Feb 2023. Magic Properties has 14 board changes on record in total.
Magic Properties can be reached through the website ahujagroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Magic Properties is at Ground Flr Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz West, Mumbai, Maharashtra, India – 400054.
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