Magsoft Technologies Private Limited
About Magsoft Technologies Private Limited
Data last updated:
Magsoft Technologies Private Limited is a private limited company based in Amravati, Maharashtra, India, recognised as a startup by DPIIT. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 29 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2016PTC273602. Its GSTIN is 27AAKCM2065J1Z8 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mahendra Heda and Kunal Varma Manoj.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at New Swastik Nagar Amravati, Maharashtra, India – 444701.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.25 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹57,249 (net margin 2.3%) and EBITDA of ₹1.29 Lakh (EBITDA margin 5.1%).
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNew Swastik Nagar Amravati, Maharashtra, India – 444701
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- 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
Business Activity of Magsoft Technologies Private Limited
The main business activity of Magsoft Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Magsoft Technologies Private Limited FY 2019 filings available
Magsoft Technologies Private Limited reported revenue of ₹25.25 Lakh (down 7% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Magsoft Technologies Private Limited
Revenue fell 7% in the latest year. EBITDA fell 32% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Magsoft Technologies Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹25.25 Lakh | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.29 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹57,249 | •••• | •••• | •••• |
| 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 Magsoft Technologies Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• |
| 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 Magsoft Technologies are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of Magsoft Technologies Private Limited
Magsoft Technologies Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Evans Industrial Works Private Limited | •••• | •••• | •••• | •••• | - | Tamilnadu, Tamil Nadu, India |
| Sunmoon Sleeves Private Limited | •••• | •••• | •••• | •••• | - | Aurangabad, Maharashtra, India |
| Amol Carbons Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Laxmi Iron & Steel Industries (Nagpur) Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| G G Automation India Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Magsoft Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Amravati, Maharashtra, India |
| Heat Up Chem Private Limited | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Meb Machine & Engineers Private Limited | •••• | •••• | •••• | •••• | - | Sangli, Maharashtra, India |
| Foodmac Engineers Pvt Ltd | •••• | •••• | •••• | •••• | - | Punjab, India |
| Ashay Machines Private Limited | •••• | •••• | •••• | •••• | - | Nashik, Maharashtra, India |
| SNSP Engineers Private Limited | •••• | •••• | •••• | •••• | - | Kolhapur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Magsoft Technologies by revenue in the Machinery and Equipment industry (Process Machinery), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Magsoft Technologies Private Limited
Magsoft Technologies Private Limited is audited by ABHIJIT KELKAR & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ABHIJIT KELKAR & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Magsoft Technologies Private Limited
Magsoft Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Heda Also directs: MKS Newsmedia Private Limited, Lokshahi Publications Private Limited, MKS Multimedia Private Limited and 5 more | Director | 29 Feb 2016 | 10 Years 7 Months | Current |
| Kunal Varma Manoj | Director | 29 Feb 2016 | 10 Years 7 Months | Current |
Ownership and Shareholding of Magsoft Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magsoft Technologies Private Limited
Magsoft Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magsoft Technologies Private Limited
Employment history and EPFO contributions of people linked to Magsoft Technologies.
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.
Recent Activity on Magsoft Technologies Private Limited
Magsoft Technologies Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Kunal Varma Manoj was appointed as Director on 29 Feb 2016.
Credit Ratings, Litigation & Regulatory Alerts for Magsoft Technologies 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 Magsoft Technologies 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 Magsoft Technologies 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.
GST Compliance of Magsoft Technologies Private Limited
Magsoft Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCM2065J1Z8 | Maharashtra | Active | 01 Jul 2017 |
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.
MCA Filings & Documents of Magsoft Technologies 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.
Frequently Asked Questions about Magsoft Technologies Private Limited
Magsoft Technologies is an active private limited company based in Amravati, Maharashtra, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 29 February 2016 (10+ years old) and is registered under CIN U29253MH2016PTC273602.
Magsoft Technologies reported revenue of ₹25.25 Lakh for FY 2019 (down 7% YoY).
Magsoft Technologies has 2 current directors:
- Mahendra Heda - Director
- Kunal Varma Manoj - Director
Magsoft Technologies reported a net profit of ₹57,249 (net margin 2.3%) and EBITDA of ₹1.29 Lakh (EBITDA margin 5.1%) for FY 2019, as per its filed financial statements.
The GSTIN of Magsoft Technologies is 27AAKCM2065J1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magsoft Technologies is U29253MH2016PTC273602. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magsoft Technologies was incorporated on 29 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Magsoft Technologies by revenue are Evans Industrial Works Private Limited, Sunmoon Sleeves Private Limited, Amol Carbons Private Limited, Laxmi Iron & Steel Industries (Nagpur) Private Limited, G G Automation India Private Limited and 5 more, all in the Machinery and Equipment industry (Process Machinery).
Kunal Varma Manoj was appointed as Director on 29 Feb 2016. Mahendra Heda was appointed as Director on 29 Feb 2016.
Yes, Magsoft Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Magsoft Technologies is at New Swastik Nagar Amravati, Maharashtra, India – 444701.