Mags Retails Private Limited
About Mags Retails Private Limited
Data last updated:
Mags Retails Private Limited was a private limited company based in Vijayawada, Andhra Pradesh, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the wholesale trading and distribution segment of the home appliances and consumer durables sector. It was incorporated on 17 September 2007.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U51310AP2007PTC055553.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh. It was led by directors including Harikrishan Achhapeliya and Dinesh Manoharlal Atchepelia.
Its last annual general meeting (AGM) was held on 28 September 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office was at 40 – 1 – 44 M.S.R. Plaza Near D.V.Manaor M.G.Road, Vijayawada, Andhra Pradesh, India – 520010.
As per MCA filings, the company had satisfied charges of ₹1.5 Cr on record.
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- Registered Address40 – 1 – 44 M.S.R. Plaza Near D.V.Manaor M.G.Road, Vijayawada, Andhra Pradesh, India – 520010
- IndustryHome Appliances, Wholesale, Household Goods
- 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
Board of Directors of Mags Retails Private Limited
Mags Retails has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harikrishan Achhapeliya | Director | 17 Sep 2007 | 19 Years 0 Months | As last reported |
| Dinesh Manoharlal Atchepelia Also directs: Almas Retail Stores Private Limited | Director | 17 Sep 2007 | 19 Years 0 Months | As last reported |
| Gummadi Suresh Also directs: Classic Renewable Energy Private Limited | Director | 25 Sep 2007 | 19 Years 0 Months | As last reported |
Financials of Mags Retails Private Limited FY 2013 filings available
Financial Statement Summary of Mags Retails Private Limited
| Metrics | FY 2012-13 |
|---|---|
| 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 of Mags Retails Private Limited
| Metrics | FY 2012-13 |
|---|---|
| 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 | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mags Retails 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.
Charges & Borrowings of Mags Retails Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jan 2008 | Union Bank of India | ₹1.5 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Mags Retails Private Limited
Employment history and EPFO contributions of people linked to Mags Retails.
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.
GST Compliance of Mags Retails Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Mags Retails Private Limited
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 Mags Retails Private Limited
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 Mags Retails Private Limited
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.
MCA Filings & Documents of Mags Retails Private Limited
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.
Recent Activity on Mags Retails Private Limited
Frequently Asked Questions about Mags Retails Private Limited
Mags Retails has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Mags Retails was a private limited company based in Vijayawada, Andhra Pradesh, India. The company worked in wholesale, within the home appliances industry. It was incorporated on 17 September 2007 and is registered under CIN U51310AP2007PTC055553. The company has been struck off by the Registrar of Companies and is no longer operational.
Mags Retails had 3 directors:
- Harikrishan Achhapeliya - Director
- Dinesh Manoharlal Atchepelia - Director
- Gummadi Suresh - Director
The CIN (Corporate Identification Number) of Mags Retails is U51310AP2007PTC055553. 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 Mags Retails is at 40 – 1 – 44 M.S.R. Plaza Near D.V.Manaor M.G.Road, Vijayawada, Andhra Pradesh, India – 520010.
Mags Retails was incorporated on 17 September 2007. It is registered with the Registrar of Companies, Vijayawada.
Mags Retails has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh.
Mags Retails operated in the home appliances industry, in the wholesale segment. It worked in this industry before it was struck off.
No. Mags Retails is not listed on any stock exchange. It is an unlisted company.