Magiq Devices Private Limited
About Magiq Devices Private Limited
Data last updated:
Magiq Devices Private Limited was a private limited company based in Chennai, Tamil Nadu, 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 power equipment manufacturers segment of the energy and power sector. It was incorporated on 27 December 2013.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U29253TN2013PTC094336. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It was led by directors Balasubramanian Venkatakrishnan and Seethalakshmi Venkatakrishnan.
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 was at New No. 4 Old No.28 First Floor South Dhandapani Street T.Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2016, the company reported a revenue of ₹64.79 Lakh, a growth of 150% compared to the previous year. For the same year it recorded a net profit of ₹1.57 Lakh (net margin 2.4%) and EBITDA of ₹1.73 Lakh (EBITDA margin 2.7%).
Company details
Contact details
Magiq Devices Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNew No. 4 Old No.28 First Floor South Dhandapani Street T.Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Magiq Devices 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 Magiq Devices is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Magiq Devices Private Limited, buy the company report.
Financials of Magiq Devices Private Limited
FY 2016 filings availableMagiq Devices Private Limited reported revenue of ₹64.79 Lakh (up 150% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 150% in the latest year. EBITDA rose 44% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| 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 | ||
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| Total Expenses | ||
| EBITDA | ₹1.73 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.57 Lakh | |
| Balance Sheet | ||
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| Reserves and Surplus | ||
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| Long-term Borrowings | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.7% | |
| Net Profit Margin | 2.4% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
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| Efficiency and Growth | ||
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| Receivable Days | ||
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| Inventory Days | ||
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To see the full financial statements and ratios of Magiq Devices Private Limited, buy the company report.
Board of directors of Magiq Devices Private Limited
Magiq Devices has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramanian Venkatakrishnan | Director | 27 Dec 2013 | 12 Years 9 Months | As last reported |
| Seethalakshmi Venkatakrishnan | Director | 21 Nov 2014 | 11 Years 11 Months | As last reported |
Auditor
Magiq Devices Private Limited is audited by GOKULRAJ & DINESH for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOKULRAJ & DINESH | FY 2015 | 014120S |
Shareholding
The shareholding of Magiq Devices 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 Magiq Devices Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magiq Devices 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 Magiq Devices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magiq Devices has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Magiq Devices Private Limited, buy the company report.
Recent activity
Magiq Devices Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Seethalakshmi Venkatakrishnan was appointed as Director on 21 Nov 2014.
Frequently asked questions
Magiq Devices 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.
Magiq Devices was a private limited company based in Chennai, Tamil Nadu, India. The company worked in power equipment manufacturers, within the energy and power industry. It was incorporated on 27 December 2013 and is registered under CIN U29253TN2013PTC094336. The company has been struck off by the Registrar of Companies and is no longer operational.
Magiq Devices had 2 directors:
- Balasubramanian Venkatakrishnan - Director
- Seethalakshmi Venkatakrishnan - Director
The CIN (Corporate Identification Number) of Magiq Devices is U29253TN2013PTC094336. 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 Magiq Devices is at New No. 4 Old No.28 First Floor South Dhandapani Street T.Nagar, Chennai, Tamil Nadu, India – 600017.
Magiq Devices was incorporated on 27 December 2013. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of Magiq Devices on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Magiq Devices has 1 GST registration on record and it is cancelled or inactive.
Magiq Devices operated in the energy and power industry, in the power equipment manufacturers segment. It worked in this industry before it was struck off.
Seethalakshmi Venkatakrishnan was appointed as Director on 21 Nov 2014. Subbarayalu Kumar ceased to be Director on 21 Nov 2014. Balasubramanian Venkatakrishnan was appointed as Director on 27 Dec 2013.