About Magnifico Minerals Private Limited
Data last updated:
Magnifico Minerals Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Dharitrimaa Urja Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 16 December 2011.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL2011PTC228884. The company has 8 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.01 Cr. It was formerly known as Magnifico Traders Private Limited. It is led by directors including Abhimanyu Sharma and Madhav Agrawal.
Its last annual general meeting (AGM) was held on 30 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No. 25 Dsiidc Shed Scheme – II Basement, Okhla Industrial Area Phase – II, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2023, the company reported a revenue of ₹14 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹210.46 Cr and EBITDA of -₹210.14 Cr. Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 61% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹477 Cr and satisfied charges of ₹379 Cr on record. Court records list 345 cases involving the company, including 315 filed by the company and 30 filed against it; 67 cases are pending.
The last known website on record is magnifico.cc.
Company details
Contact details
Magnifico Minerals Private Limited's registered office is in New Delhi, Delhi. Its website is magnifico.cc. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 25 Dsiidc Shed Scheme – II Basement, Okhla Industrial Area Phase – II, New Delhi, Delhi, India – 110020
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Magnifico Minerals 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
Financials of Magnifico Minerals Private Limited
FY 2023 filings availableMagnifico Minerals Private Limited reported revenue of ₹14 Cr (up 12710% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 61% over five years. 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 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 | ₹14 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹210.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹210.46 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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To see the full financial statements and ratios of Magnifico Minerals Private Limited, buy the company report.
Board of directors of Magnifico Minerals Private Limited
Magnifico Minerals has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhimanyu Sharma | Director | 07 Aug 2020 | 6 Years 3 Months | As last reported |
| Madhav Agrawal Also directs: Solitaire Infradevelopers Private Limited, Vedansh Infrastructure Private Limited, Draveen Trading Private Limited and 3 more | Director | 17 Aug 2020 | 6 Years 2 Months | As last reported |
| Anil Kohli | Irp/Rp/Liquidator | 20 Sep 2024 | 2 Years 1 Months | As last reported |
Peer comparison
Magnifico Minerals Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adidev Commodities Private Limited | ₹14.27 Cr (FY 2025) | -14.0% | Dhanbad, Jharkhand, India | |||
| Adishwar Organic Private Limited | ₹14.25 Cr (FY 2025) | -35.0% | Ahmedabad, Gujarat, India | |||
| Saturn88 Minerals Private Limited | ₹14.04 Cr (FY 2022) | 110.0% | Mumbai, Maharashtra, India | |||
| Magnifico Minerals Private Limitedthis company | ₹14 Cr (FY 2023) | -₹210.46 Cr | 12710.0% | 2 | New Delhi, Delhi, India | |
| Rishika Trading Private Limited | ₹13.96 Cr (FY 2025) | 80.0% | Indore, Madhya Pradesh, India | |||
| Blackpearl Steel and Minerals Private Limited | ₹13.88 Cr (FY 2024) | -3.0% | Ramgarh Cantt, Jharkhand, India | |||
| Metalet International Private Limited | ₹13.86 Cr (FY 2024) | -26.0% | Surat, Gujarat, India |
To see the full peer comparison of Magnifico Minerals Private Limited, buy the company report.
Auditor
Magnifico Minerals Private Limited is audited by Jain Gupta & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Gupta & Associates | FY 2023 | 027120N |
Shareholding
The shareholding of Magnifico Minerals Private Limited 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 Magnifico Minerals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2013 | 10437645 | Bank of India | ₹477 Cr | Open | |
| 11 Jun 2014 | 10508926 | Andhra Bank | ₹19 Cr | Satisfied | |
| 26 Apr 2013 | 10427275 | Canara Bank | ₹60 Cr | Satisfied | |
| 28 Dec 2012 | 10398979 | State Bank of Patiala | ₹50 Cr | Satisfied | |
| 15 Oct 2012 | 10387282 | Dena Bank | ₹100 Cr | Satisfied |
To see the full charge records of Magnifico Minerals Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Magnifico Minerals Private Limited has 345 court cases on record: 315 filed by Magnifico Minerals, 30 filed against it. 67 cases are pending and 278 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 299 | 1 | 56 |
| High courts | 36 | 20 | 3 |
| Supreme Court | 9 | 8 | 8 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 345)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Union Bank of India | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against NV Distilleries and Breweries Pvt Ltd | Pending |
| High Court | Appeal | Filed by the company against Jamakhandi Sugars Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Central Bank of India | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against Basai Steels and Power Pvt Ltd and 2 others | Disposed |
To see the full case history of Magnifico Minerals 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 Magnifico Minerals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magnifico Minerals Private Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Magnifico Minerals has 8 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 Magnifico Minerals Private Limited, buy the company report.
Recent activity
Magnifico Minerals Private Limited has 17 board changes on record since 2012: 3 appointments and 14 cessations. The latest: Anil Kohli was appointed as Irp/Rp/Liquidator on 20 Sep 2024.
22 earlier events are in the company report.
Frequently asked questions
Magnifico Minerals is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Magnifico Minerals is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 16 December 2011 and is registered under CIN U51909DL2011PTC228884. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Magnifico Minerals has 3 current directors:
- Abhimanyu Sharma - Director
- Madhav Agrawal - Director
- Anil Kohli - Irp/Rp/Liquidator
The latest financial statements of Magnifico Minerals on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 November 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Magnifico Minerals is U51909DL2011PTC228884. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnifico Minerals has open charges of ₹477 Cr and satisfied charges of ₹379 Cr as per latest MCA filings.
Magnifico Minerals has 345 court cases on record: 315 filed by the company and 30 filed against it. 67 are pending. Most are in the district courts.
Magnifico Minerals was incorporated on 16 December 2011. It is registered with the Registrar of Companies, Delhi.
The peers of Magnifico Minerals by revenue are Adidev Commodities Private Limited, Adishwar Organic Private Limited, Saturn88 Minerals Private Limited, Rishika Trading Private Limited, Blackpearl Steel and Minerals Private Limited and 1 more, all in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Anil Kohli was appointed as Irp/Rp/Liquidator on 20 Sep 2024. Abhimanyu Sharma ceased to be Additional Director on 31 Dec 2020. Madhav Agrawal ceased to be Additional Director on 31 Dec 2020. Magnifico Minerals has 17 board changes on record in total.
Magnifico Minerals can be reached through the website magnifico.cc. Its registered office is in New Delhi, Delhi, India.
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