About Magma Advisory Services Limited
Data last updated:
Magma Advisory Services Limited was a public limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Magma Fincorp Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 21 May 2012.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U74999WB2012PLC181922. Its GSTIN is 19AAHCM9335J1ZX (West Bengal).
The company had an authorised share capital of ₹65 Cr and a paid-up capital of ₹56.67 Cr. It was formerly known as Magma Housing Finance Limited. It was led by directors including Atul Makharia and Mayank Poddar.
Its last annual general meeting (AGM) was held on 25 July 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Magma House 24 Park Street, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2017, the company reported a revenue of ₹96.04 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹94,000 (net margin -1%) and EBITDA of -₹57,000 (EBITDA margin -0.6%).
Its group structure included 2 subsidiaries.
The company was associated with 1 brand: Magma HDI General Insurance. Court records list 1,868 cases involving the company, including 1,799 filed by the company and 69 filed against it; 1,333 cases are pending.
The last known website on record is magma.co.in.
Company details
CIN history
Magma Advisory Services has one previous CIN (Corporate Identification Number): U65923WB2012PLC181922. The current CIN is U74999WB2012PLC181922, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999WB2012PLC181922 | Current |
| U65923WB2012PLC181922 | Previous |
Contact details
Magma Advisory Services Limited's registered office is in Kolkata, West Bengal. Its website is magma.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered AddressMagma House 24 Park Street, Kolkata, West Bengal, India – 700016
- IndustryBusiness Outsourcing, Business & IT Consulting, HR Outsourcing & Talent Management
To see the full contact details of Magma Advisory Services 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
Brands
Magma Advisory Services operates one associated brand: Magma HDI General Insurance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a health and general insurance provider. | magmahdi.com |
Business activity
The main business activity of Magma Advisory Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Magma Advisory Services Limited, buy the company report.
Financials of Magma Advisory Services Limited
FY 2017 filings availableMagma Advisory Services Limited reported revenue of ₹96.04 Lakh (down 63% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 63% in the latest year. EBITDA fell 116% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹96.04 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹57,000 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹94,000 | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.6% | ||
| Net Profit Margin | -1% | ||
| 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 Magma Advisory Services Limited, buy the company report.
Board of directors and KMP of Magma Advisory Services Limited
Magma Advisory Services Limited currently reports 5 directors and 2 key managerial personnel. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Makharia | Director | 28 Mar 2015 | 11 Years 7 Months | As last reported |
| Anand Roy Also directs: Relief Mattress Make LLP | Company Secretary | 12 Oct 2014 | 12 Years 1 Months | As last reported |
| Gauri Shankar Agarwal | Cfo | 06 Nov 2014 | 12 Years 0 Months | As last reported |
| Mayank Poddar | Director | 21 May 2015 | 11 Years 5 Months | As last reported |
| Gaurav Parasrampuria Also directs: Magma General Insurance Limited | Director | 21 Feb 2015 | 11 Years 8 Months | As last reported |
| Kalyan Kumar Bose Also directs: Celica Properties Private Limited, Celica Developers Private Limited, Celica Motocorp Private Limited and 4 more | Director | 05 Feb 2013 | 13 Years 9 Months | As last reported |
Auditor
Magma Advisory Services Limited is audited by B. S. R. & Co. LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. S. R. & Co. LLP | FY 2017 | 101248W/W- |
Shareholding
The shareholding of Magma Advisory Services Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magma Advisory Services Limited, buy the company report.
Legal cases
Magma Advisory Services Limited has 1,868 court cases on record: 1,799 filed by Magma Advisory Services, 69 filed against it. 1,333 cases are pending and 535 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,802 | 40 | 1,324 |
| High courts | 66 | 29 | 9 |
Cases on record (5 of 1,868)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against More Digi Prints Pvt Ltd and 2 others | Disposed |
| District court, Sangrur, Punjab | Civil suit | Filed against the company by an individual | Pending |
| District court, Gwalior, Madhya Pradesh | Court case (UN CR) | Filed against the company by an individual | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by an individual | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Magma Advisory Services 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 Magma Advisory Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Magma Advisory Services has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Magma Housing Finance Limited | U65922DL2004PLC125931 | |
| Magma Housing Finance Limited | U65922DL2004PLC125931 |
To see the full group structure of Magma Advisory Services Limited, buy the company report.
GST
Magma Advisory Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAHCM9335J1ZX | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magma Advisory Services Limited, buy the company report.
Recent activity
Magma Advisory Services Limited has 17 board changes on record since 2013: 7 appointments and 10 cessations. The latest: Rajesh Singhania ceased to be Manager on 16 Oct 2015.
8 earlier events are in the company report.
Frequently asked questions
Magma Advisory Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Magma Advisory Services was a public limited company based in Kolkata, West Bengal, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 21 May 2012 and is registered under CIN U74999WB2012PLC181922. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Magma Advisory Services was incorporated on 21 May 2012. It is registered with the Registrar of Companies, Kolkata.
Magma Advisory Services had 7 directors and KMP:
- Atul Makharia - Director
- Mayank Poddar - Director
- Gaurav Parasrampuria - Director
- Kalyan Kumar Bose - Director
- Ujjal Dugar - Director
- Anand Roy - Company Secretary
- Gauri Shankar Agarwal - Cfo
The CIN (Corporate Identification Number) of Magma Advisory Services is U74999WB2012PLC181922. 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 Magma Advisory Services is at Magma House 24 Park Street, Kolkata, West Bengal, India – 700016.
Magma Advisory Services can be reached through the website magma.co.in. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Magma Advisory Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 25 July 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Magma Advisory Services is 19AAHCM9335J1ZX, registered in West Bengal.
Magma Advisory Services operated in the business outsourcing industry, in the business and IT consulting segment.
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