Magray Associates Private Limited
About Magray Associates Private Limited
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Magray Associates Private Limited is a private limited company based in Jammu, Jammu And Kashmir, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 24 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Jammu, under CIN U45200JK2016PTC009671. Its GSTIN is 01AAKCM3596Q1ZU (Jammu and Kashmir).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Magray Shan Associate Private Limited. It is led by directors Abdul Magrey Hajaz (Managing Director) and Shamim Begum.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at NH – 1 Malik Market Channi Rama, Jammu, Jammu and Kashmir, India – 180014.
As per the financials filed for FY 2022, the company reported a revenue of ₹5.51 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹7.89 Lakh (net margin 1.4%) and EBITDA of ₹22.3 Lakh (EBITDA margin 4%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years.
As per MCA filings, the company has open charges of ₹3 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Magray Associates Private Limited's registered office is in Jammu, Jammu And Kashmir. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNH – 1 Malik Market Channi Rama, Jammu, Jammu and Kashmir, India – 180014
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Magray Associates 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 Magray Associates is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Magray Associates Private Limited, buy the company report.
Financials of Magray Associates Private Limited
FY 2022 filings availableMagray Associates Private Limited reported revenue of ₹5.51 Cr (down 30% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over three years, including a 30% fall in the latest year. EBITDA fell 38% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹22.3 Lakh | ||||
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| Net Profit (PAT) | ₹7.89 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Magray Associates Private Limited, buy the company report.
Board of directors of Magray Associates Private Limited
Magray Associates has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdul Magrey Hajaz | Managing Director | 24 May 2016 | 10 Years 5 Months | Current |
| Shamim Begum | Additional Director | 24 Mar 2021 | 5 Years 7 Months | Current |
Auditor
Magray Associates Private Limited is audited by J S V P & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J S V P & CO | FY 2021 | 003435N |
Shareholding
The shareholding of Magray Associates Private Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Magray Associates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2019 | 100253043 | The Jammu and Kashmir Bank Limited | ₹3 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Magray Associates Private Limited has 4 court cases on record: 4 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Court case (OMP MISC. (COMM.)) | Filed against the company by CNH Industrial Capital India Private Limited | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by CNH Industrial Capital India Pvt Ltd | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by CNH Industrial Capital (India) Private Limited. | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by CNH Industrial Capital India Private Limited | Disposed |
To see the full case history of Magray Associates 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 Magray Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magray Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 01AAKCM3596Q1ZU | Jammu and Kashmir | Active | 08 Aug 2018 |
To see the full GST registrations and return filing status of Magray Associates Private Limited, buy the company report.
Recent activity
Magray Associates Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Shamim Begum was appointed as Additional Director on 24 Mar 2021.
Frequently asked questions
Magray Associates is an active private limited company based in Jammu, Jammu And Kashmir, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 24 May 2016 (10+ years old) and is registered under CIN U45200JK2016PTC009671.
Magray Associates has 2 current directors:
- Abdul Magrey Hajaz - Managing Director
- Shamim Begum - Additional Director
The latest financial statements of Magray Associates on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Magray Associates is 01AAKCM3596Q1ZU, registered in Jammu and Kashmir.
The CIN (Corporate Identification Number) of Magray Associates is U45200JK2016PTC009671. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magray Associates has 4 court cases on record: 4 filed against it. 2 are pending. Most are in the district courts.
Magray Associates was incorporated on 24 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Jammu.
Shamim Begum was appointed as Additional Director on 24 Mar 2021. Usman Khalid ceased to be Director on 24 Mar 2021. Imtiaz Ahmed Shan ceased to be Director on 07 Jun 2018. Magray Associates has 4 board changes on record in total.
The registered office of Magray Associates is at NH – 1 Malik Market Channi Rama, Jammu, Jammu and Kashmir, India – 180014.
Magray Associates operates in the machinery and equipment industry, in the industrial machinery retail and distribution segment.
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