About Magna Warehousing & Distribution Private Limited
Data last updated:
Magna Warehousing & Distribution Private Limited was a private limited company based in Bengaluru, Karnataka, India, operated as a subsidiary of Chalet Hotels Private 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 real estate development and construction segment of the real estate and construction sector. It was incorporated on 16 September 2005.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U60232KA2005PTC054207. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹24.1 Cr and a paid-up capital of ₹8.06 Cr. It was led by directors Sunil Madhav Hingorani and Ramesh Mohanlal Valecha.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at No 75 Epip Area Next To Satya Sai Hospital Whitefield, Bengaluru, Karnataka, India – 560066.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.74 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹13.53 Cr (net margin -200.7%) and EBITDA of ₹1.64 Cr (EBITDA margin 24.3%).
As per MCA filings, the company had satisfied charges of ₹1,169.59 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 2 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹70.53 Cr; the latest was in September 2015.
The last known website on record is krahejacorp.com.
Company details
CIN history
Magna Warehousing & Distribution has one previous CIN (Corporate Identification Number): U60232MH2005PTC156131. The current CIN is U60232KA2005PTC054207, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60232KA2005PTC054207 | Current |
| U60232MH2005PTC156131 | Previous |
Contact details
Magna Warehousing & Distribution Private Limited's registered office is in Bengaluru, Karnataka. Its website is krahejacorp.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo 75 Epip Area Next To Satya Sai Hospital Whitefield, Bengaluru, Karnataka, India – 560066
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Magna Warehousing & Distribution 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 Magna Warehousing & Distribution is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Magna Warehousing & Distribution Private Limited, buy the company report.
Financials of Magna Warehousing & Distribution Private Limited
FY 2017 filings availableMagna Warehousing & Distribution Private Limited reported revenue of ₹6.74 Cr (up 659% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 659% in the latest year. EBITDA rose 191% 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 | ₹6.74 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.64 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹13.53 Cr | ||
| 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 | 24.3% | ||
| Net Profit Margin | -200.7% | ||
| 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 Magna Warehousing & Distribution Private Limited, buy the company report.
Board of directors and KMP of Magna Warehousing & Distribution Private Limited
Magna Warehousing & Distribution Private Limited currently reports 2 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Madhav Hingorani | Director | 18 Aug 2006 | 20 Years 2 Months | As last reported |
| Ramesh Mohanlal Valecha | Director | 18 Aug 2006 | 20 Years 2 Months | As last reported |
| Christabelle Bernadette Baptista Also directs: Chalet Hotels Limited, Mahananda Spa and Resorts Private Limited | Company Secretary | 01 Dec 2015 | 10 Years 10 Months | As last reported |
Auditor
Magna Warehousing & Distribution Private 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/W100022 |
Shareholding
The shareholding of Magna Warehousing & Distribution Private 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 Magna Warehousing & Distribution Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2014 | 10515164 | Hdfc Bank Limited | ₹67.25 Lakh | Satisfied | |
| 10 Apr 2013 | 10424319 | Union Bank of India Limited | ₹150 Cr | Satisfied | |
| 28 Jun 2012 | 10371955 | Standard Chartered Bank | ₹30 Cr | Satisfied | |
| 24 Jun 2010 | 10230462 | Standard Chartered Bank | ₹294.46 Cr | Satisfied | |
| 18 Jun 2010 | 10231265 | Standard Chartered Bank | ₹194.46 Cr | Satisfied |
To see the full charge records of Magna Warehousing & Distribution Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Magna Warehousing & Distribution Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹70.53 Cr; the latest was in September 2015.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Secondary share transfer | Undisclosed | Seller: I-4 Company(Mauritius) Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Chalet Hotels Limited , I-4 Company(Mauritius) Limited Seller: Chalet Hotels Limited , Chalet Hotels Pvt. Ltd. with Raheja Lachmandas Chandru, Chalet Hotels Pvt. Ltd. with Raheja Chandru Ravi |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Chalet Hotels Limited Seller: I-4 Company(Mauritius) Limited |
| Aug 2007 | Secondary share transfer | Undisclosed | Buyer: I-4 Company(Mauritius) Limited, Chalet Hotels Pvt. Ltd. with Raheja Chandru Ravi, Chalet Hotels Pvt. Ltd. with Raheja Chandru Neel Seller: Chalet Hotels Limited , 2 individuals |
| Dec 2006 | Funding round | ₹70.53 Cr | Investors: I-4 Company(Mauritius) Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Magna Warehousing & Distribution Private Limited has 8 court cases on record: 7 filed by Magna Warehousing & Distribution, 1 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 1 | 2 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (MFA) | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Union of India | Pending |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against an individual | Disposed |
To see the full case history of Magna Warehousing & Distribution 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 Magna Warehousing & Distribution Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magna Warehousing & Distribution Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Magna Warehousing & Distribution has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Magna Warehousing & Distribution Private Limited, buy the company report.
Recent activity
Magna Warehousing & Distribution Private Limited has 10 board changes on record since 2006: 3 appointments and 7 cessations. The latest: Sanjay Sethi ceased to be Director on 01 Oct 2017.
19 earlier events are in the company report.
News
Frequently asked questions
Magna Warehousing & Distribution 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.
Magna Warehousing & Distribution was a private limited company based in Bengaluru, Karnataka, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 September 2005 and is registered under CIN U60232KA2005PTC054207. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Magna Warehousing & Distribution was incorporated on 16 September 2005. It is registered with the Registrar of Companies, Bangalore.
Magna Warehousing & Distribution had 3 directors and KMP:
- Sunil Madhav Hingorani - Director
- Ramesh Mohanlal Valecha - Director
- Christabelle Bernadette Baptista - Company Secretary
The CIN (Corporate Identification Number) of Magna Warehousing & Distribution is U60232KA2005PTC054207. 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 Magna Warehousing & Distribution is at No 75 Epip Area Next To Satya Sai Hospital Whitefield, Bengaluru, Karnataka, India – 560066.
Magna Warehousing & Distribution can be reached through the website krahejacorp.com. Its registered office is in Bengaluru, Karnataka, India.
The latest financial statements of Magna Warehousing & Distribution on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Magna Warehousing & Distribution has 3 GST registrations on record and all of them are cancelled or inactive.
Magna Warehousing & Distribution operated in the real estate and construction industry, in the real estate builders and developers segment.