About Magnificent Trading Private Limited
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Magnificent Trading Private Limited was a private limited company based in Mumbai, Maharashtra, 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 materials retail and distribution segment of the metals and mining sector. It was incorporated on 22 December 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2008PTC189093.
The company had an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.31 Cr. It was led by directors Vishwambhar Chiranjilal Saraf and Rishabh Rajendra Saraf.
Its last annual general meeting (AGM) was held on 15 October 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Plot No 11 Cama Industrial Estate Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2020, the company reported a revenue of ₹26,631, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹2,984 (net margin 11.2%) and EBITDA of ₹2,919 (EBITDA margin 11%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 44% over five years.
The last known website on record is remigroup.com.
Company details
Contact details
Magnificent Trading Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No 11 Cama Industrial Estate Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Magnificent Trading 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 Magnificent Trading is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Magnificent Trading Private Limited, buy the company report.
Financials of Magnificent Trading Private Limited
FY 2020 filings availableMagnificent Trading Private Limited reported revenue of ₹26,631 (up 9% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 44%. EBITDA fell 39% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹2,919 | ||||
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| Net Profit (PAT) | ₹2,984 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 11.2% | ||||
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To see the full financial statements and ratios of Magnificent Trading Private Limited, buy the company report.
Board of directors of Magnificent Trading Private Limited
Magnificent Trading has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwambhar Chiranjilal Saraf Also directs: Remi Edelstahl Tubulars Limited, Remi Process Plant and Machinery Limited, Remi Sales and Engineering Limited and 2 more | Director | 22 Dec 2008 | 17 Years 10 Months | As last reported |
| Rishabh Rajendra Saraf Also directs: Remi Edelstahl Tubulars Limited, Remi Process Plant and Machinery Limited, Aura Realfinvest Private Limited and 5 more | Director | 22 Dec 2008 | 17 Years 10 Months | As last reported |
Auditor
Magnificent Trading Private Limited is audited by ANEEL LASOD AND ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANEEL LASOD AND ASSOCIATES | FY 2016 | 124609W |
Shareholding
The shareholding of Magnificent Trading 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 Magnificent Trading Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magnificent Trading 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 Magnificent Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Magnificent Trading Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magnificent Trading Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Rishabh Rajendra Saraf was appointed as Director on 22 Dec 2008.
Frequently asked questions
Magnificent Trading 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.
Magnificent Trading was a private limited company based in Mumbai, Maharashtra, India. The company worked in materials retail and distribution, within the metals and minerals industry. It was incorporated on 22 December 2008 and is registered under CIN U51109MH2008PTC189093. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Magnificent Trading was incorporated on 22 December 2008. It is registered with the Registrar of Companies, Mumbai.
Magnificent Trading had 2 directors:
- Vishwambhar Chiranjilal Saraf - Director
- Rishabh Rajendra Saraf - Director
The CIN (Corporate Identification Number) of Magnificent Trading is U51109MH2008PTC189093. 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 Magnificent Trading is at Plot No 11 Cama Industrial Estate Goregaon East, Mumbai, Maharashtra, India – 400063.
Magnificent Trading can be reached through the website remigroup.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Magnificent Trading on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 15 October 2020. Year-wise statements from 2015 are in the company report.
Magnificent Trading operated in the metals and minerals industry, in the materials retail and distribution segment.
Rishabh Rajendra Saraf was appointed as Director on 22 Dec 2008. Vishwambhar Chiranjilal Saraf was appointed as Director on 22 Dec 2008.
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