Mangal Bullion Private Limited
About Mangal Bullion Private Limited
Data last updated:
Mangal Bullion Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Gandharv Gems Private Limited. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 11 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2009PTC197801. Its GSTIN is 27AAGCM2672M1Z1 (Maharashtra). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.37 Cr. It is led by directors Rakesh Singh and Suresh Singh.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹14.84 Cr, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹2.7 Cr (net margin -18.2%) and EBITDA of ₹4.89 Lakh (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 21% over five years.
As per MCA filings, the company has satisfied charges of ₹7.69 Cr on record. Court records list 24 cases involving the company, including 15 filed by the company and 9 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mangal Bullion Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressBasement – A Plot – 67E Maganlal Chambers Baburao Bobde Marg Tata Power Carnac Bunder Ch, Inchbunder, Mumbai, Maharashtra, India – 400009
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Mangal Bullion 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 Mangal Bullion is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mangal Bullion Private Limited, buy the company report.
Financials of Mangal Bullion Private Limited
FY 2022 filings availableMangal Bullion Private Limited reported revenue of ₹14.84 Cr (down 96% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 96% fall in the latest year. EBITDA fell 78% 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 |
|---|---|---|---|---|---|
| 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 | ₹4.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.7 Cr | ||||
| 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | -18.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Mangal Bullion Private Limited, buy the company report.
Board of directors of Mangal Bullion Private Limited
Mangal Bullion has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Singh | Additional Director | 01 Jul 2022 | 4 Years 4 Months | Current |
| Suresh Singh Also directs: Zhoa Venture Private Limited, Duanphen Trading Private Limited, Keyraj Enterprises Private Limited and 5 more | Additional Director | 20 Jun 2022 | 4 Years 4 Months | Current |
Auditor
Mangal Bullion Private Limited is audited by RANKA DARGAR & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RANKA DARGAR & CO | FY 2021 | 013806C |
Shareholding
The shareholding of Mangal Bullion Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mangal Bullion Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Feb 2021 | 100420481 | Others | ₹3.64 Cr | Satisfied | |
| 11 Feb 2021 | 100420486 | Others | ₹10 Lakh | Satisfied | |
| 31 Mar 2017 | 100093307 | Others | ₹1.45 Cr | Satisfied | |
| 09 Oct 2010 | 10251053 | Others | ₹2.5 Cr | Satisfied |
To see the full charge records of Mangal Bullion Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Mangal Bullion Private Limited has 24 court cases on record: 15 filed by Mangal Bullion, 9 filed against it. 3 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 6 | 2 |
| District courts | 2 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed by the company against Canara Bank | Disposed |
| Madras High Court | Revision petition | Filed by the company against Canara Bank | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Canara Bank and 2 others | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company | Pending |
To see the full case history of Mangal Bullion 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 Mangal Bullion Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mangal Bullion has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM2672M1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mangal Bullion Private Limited, buy the company report.
Recent activity
Mangal Bullion Private Limited has 20 board changes on record since 2011: 2 appointments and 18 cessations. The latest: Naveen Ramchandra Upadhyay ceased to be Additional Director on 06 Jul 2022.
20 earlier events are in the company report.
Frequently asked questions
Mangal Bullion is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 11 December 2009 (17+ years old) and is registered under CIN U36911MH2009PTC197801.
Mangal Bullion has 2 current directors:
- Rakesh Singh - Additional Director
- Suresh Singh - Additional Director
The latest financial statements of Mangal Bullion 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 2015 are in the company report.
The GSTIN of Mangal Bullion is 27AAGCM2672M1Z1, registered in Maharashtra. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of Mangal Bullion is U36911MH2009PTC197801. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mangal Bullion has 24 court cases on record: 15 filed by the company and 9 filed against it. 3 are pending. Most are in the high courts.
Mangal Bullion was incorporated on 11 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Naveen Ramchandra Upadhyay ceased to be Additional Director on 06 Jul 2022. Rakesh Singh was appointed as Additional Director on 01 Jul 2022. Suresh Singh was appointed as Additional Director on 20 Jun 2022. Mangal Bullion has 20 board changes on record in total.
The registered office of Mangal Bullion is at Basement – A Plot – 67E Maganlal Chambers Baburao Bobde Marg Tata Power Carnac Bunder Ch, Inchbunder, Mumbai, Maharashtra, India – 400009.
Mangal Bullion operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
