Magneto Induction Pvt Ltd
About Magneto Induction Pvt Ltd
Data last updated:
Magneto Induction Pvt Ltd was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 05 April 1988.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29120GJ1988PTC010526. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹1.02 Cr. It was led by directors Jayshreeben Patel Rohitkumar and Bhavesh Girishbhai Patel.
Its last annual general meeting (AGM) was held on 23 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 8th Floor Shaligram Corporates C J Marg Ambli Ahmedabad – 380058, Gujarat, India – 380058.
The company had about 30 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹56 Lakh on record.
Company details
Contact details
Magneto Induction Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address8th Floor Shaligram Corporates C J Marg Ambli Ahmedabad – 380058, Gujarat, India – 380058
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Magneto Induction Pvt Ltd, 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 Magneto Induction is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
Financials of Magneto Induction Pvt Ltd
FY 2023 filings availableFinancial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Magneto Induction Pvt Ltd, buy the company report.
Board of directors of Magneto Induction Pvt Ltd
Magneto Induction 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 |
|---|---|---|---|---|
| Jayshreeben Patel Rohitkumar Also directs: Milcent Appliances Private Limited, Magtech Motors Pvt Ltd | Director | 24 Nov 2020 | 5 Years 11 Months | As last reported |
| Bhavesh Girishbhai Patel Also directs: Amanta Healthcare Limited, Milcent Appliances Private Limited, Magtech Motors Pvt Ltd and 1 more | Director | 05 Apr 1988 | 38 Years 6 Months | As last reported |
Auditor
Magneto Induction Pvt Ltd is audited by C. R. Sharedalal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. R. Sharedalal & Co. | FY 2023 | 109943W |
Shareholding
The shareholding of Magneto Induction Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magneto Induction Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2012 | 10345769 | Bank of Baroda | ₹6 Lakh | Satisfied | |
| 31 Dec 2008 | 10138171 | Bank of Baroda | ₹20 Lakh | Satisfied | |
| 06 Jun 2000 | 90112599 | Bank of Baroda | ₹30 Lakh | Satisfied |
To see the full charge records of Magneto Induction Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Magneto Induction Pvt Ltd 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 Magneto Induction Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magneto Induction Pvt Ltd has a workforce of 30 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Magneto Induction 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 Magneto Induction Pvt Ltd, buy the company report.
Recent activity
Magneto Induction Pvt Ltd has 3 board changes on record since 1988: 2 appointments and 1 cessation. The latest: Jayshreeben Patel Rohitkumar was appointed as Director on 24 Nov 2020.
Frequently asked questions
Magneto Induction 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.
Magneto Induction was a private limited company based in Ahmedabad, Gujarat, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 05 April 1988 and is registered under CIN U29120GJ1988PTC010526. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Magneto Induction was incorporated on 05 April 1988. It is registered with the Registrar of Companies, Ahmedabad.
Magneto Induction had 2 directors:
- Jayshreeben Patel Rohitkumar - Director
- Bhavesh Girishbhai Patel - Director
The CIN (Corporate Identification Number) of Magneto Induction is U29120GJ1988PTC010526. 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 Magneto Induction is at 8th Floor Shaligram Corporates C J Marg Ambli Ahmedabad – 380058, Gujarat, India – 380058.
The latest financial statements of Magneto Induction on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 23 June 2023. Year-wise statements from 2015 are in the company report.
No. Magneto Induction has 1 GST registration on record and it is cancelled or inactive.
Magneto Induction operated in the machinery and equipment industry, in the process machinery and industrial equipment segment.
Jayshreeben Patel Rohitkumar was appointed as Director on 24 Nov 2020. Rohitkumar Patel Jashbhai ceased to be Director on 10 Nov 2020. Bhavesh Girishbhai Patel was appointed as Director on 05 Apr 1988.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
