Magnetize Developers LLP
About Magnetize Developers LLP
Data last updated:
Magnetize Developers LLP is a limited liability partnership (LLP) based in Pune, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 January 2011 and has been in existence for over 15 years.
The LLP is registered with the Registrar of Companies (ROC), Pune, under LLPIN AAA-3357.
The LLP has a total obligation of contribution of ₹10,000. It is led by designated partners Dilip Mittal and Sunil Girdharilal Mittal.
Its latest statement of accounts is for the year ended 31 March 2020. The registered office is at 308 10 Biz Park, Pune, Maharashtra.
As per MCA filings, the LLP has open charges of ₹68 Cr on record.
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- Registered AddressUnit No – 308 10 Biz Park, Sr No – 227/A/1 To 17 Plo, Pune, Maharashtra, India – 411014
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
Financials of Magnetize Developers LLP FY 2020 filings available
Financial Statement Summary of Magnetize Developers LLP
| Statement of Account and Solvency | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | •••• | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Magnetize Developers LLP
| Statement of Account and Solvency | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Magnetize Developers 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.
Designated Partners of Magnetize Developers LLP
Magnetize Developers has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Mittal Also directs: New World Landmark LLP, Southmumbai Constructions LLP, South Mumbai Infraventures LLP and 5 more | Designated Partner | 30 Oct 2020 | 5 Years 11 Months | Current |
| Sunil Girdharilal Mittal Also directs: New World Landmark LLP, Southmumbai Constructions LLP, South Mumbai Infraventures LLP and 5 more | Designated Partner | 30 Oct 2020 | 5 Years 11 Months | Current |
Charges & Borrowings of Magnetize Developers LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jan 2018 | Indiabulls Housing Finance Limited | ₹25 Cr | Open |
| 02 Dec 2015 | Indiabulls Housing Finance Limited | ₹43 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Magnetize Developers LLP
Employment history and EPFO contributions of people linked to Magnetize Developers.
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 Magnetize Developers LLP
Magnetize Developers LLP has 3 designated partner changes on record since 2020: 2 appointments and 1 cessation. The latest: Dilip Mittal was appointed as Designated Partner on 30 Oct 2020.
Credit Ratings, Litigation & Regulatory Alerts for Magnetize Developers LLP
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 Magnetize Developers LLP
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 Magnetize Developers LLP
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 Magnetize Developers LLP
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 Magnetize Developers LLP
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 Magnetize Developers LLP
Magnetize Developers is an active limited liability partnership based in Pune, Maharashtra, India. The LLP works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 January 2011 (15+ years old) and is registered under LLPIN AAA-3357.
Magnetize Developers has 2 current designated partners:
- Dilip Mittal - Designated Partner
- Sunil Girdharilal Mittal - Designated Partner
The LLPIN (Limited Liability Partnership Identification Number) of Magnetize Developers is AAA-3357. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Magnetize Developers was incorporated on 11 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
Dilip Mittal was appointed as Designated Partner on 30 Oct 2020. Sunil Girdharilal Mittal was appointed as Designated Partner on 30 Oct 2020. Avinash Nivrutti Bhosale ceased to be Designated Partner on 27 Feb 2020.
The registered office of Magnetize Developers is at Unit No – 308 10 Biz Park, Sr No – 227A1 To 17 Plo, Pune, Maharashtra, India – 411014.
The total obligation of contribution is ₹10,000.
Magnetize Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
Magnetize Developers has open charges of ₹68 Cr and no satisfied charges on record as per latest MCA filings.
Magnetize Developers can be reached at its registered office: Unit No – 308 10 Biz Park, Sr No – 227A1 To 17 Plo, Pune, Maharashtra, India – 411014.