MG Styles Private Limited
About MG Styles Private Limited
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MG Styles Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the household goods segment of the home appliances and consumer durables sector. It was incorporated on 09 January 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51311MH2006PTC158872. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at B – 45 Blue Heaven Link Rd Malad West Mumbai – 64, Maharashtra, India – 400064.
As per the financials filed for FY 2017, the company reported a revenue of ₹17.29 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹2.46 Lakh (net margin -14.2%) and EBITDA of ₹2.41 Lakh (EBITDA margin 13.9%).
As per MCA filings, the company has satisfied charges of ₹1.05 Cr on record.
Company details
Contact details
MG Styles Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 45 Blue Heaven Link Rd Malad West Mumbai – 64, Maharashtra, India – 400064
- IndustryHome Appliances, Household Goods, Wholesale
To see the full contact details of MG Styles 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 MG Styles Private Limited
FY 2017 filings availableMG Styles Private Limited reported revenue of ₹17.29 Lakh (up 6% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year. EBITDA fell 85% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹17.29 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.41 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.46 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 13.9% | ||
| Net Profit Margin | -14.2% | ||
| 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 MG Styles Private Limited, buy the company report.
Board of directors of MG Styles Private Limited
MG Styles has 3 former directors on record and no current directors listed.
Auditor
MG Styles Private Limited is audited by O.P.GUPTA AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| O.P.GUPTA AND ASSOCIATES | FY 2017 | 032152 |
Shareholding
The shareholding of MG Styles Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of MG Styles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2007 | 10098356 | Indian Overseas Bank | ₹1.05 Cr | Satisfied |
To see the full charge records of MG Styles Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving MG Styles Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for MG Styles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
MG Styles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of MG Styles Private Limited, buy the company report.
Recent activity
MG Styles Private Limited has 3 board changes on record since 2018: 0 appointments and 3 cessations. The latest: Mohit Umesh Mihani ceased to be Director on 24 Jan 2018.
Frequently asked questions
MG Styles has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
MG Styles was a private limited company based in Mumbai, Maharashtra, India. The company worked in household goods, within the home appliances industry. It was incorporated on 09 January 2006 and is registered under CIN U51311MH2006PTC158872. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of MG Styles is U51311MH2006PTC158872. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MG Styles was incorporated on 09 January 2006. It is registered with the Registrar of Companies, Mumbai.
The registered office of MG Styles is at B – 45 Blue Heaven Link Rd Malad West Mumbai – 64, Maharashtra, India – 400064.
The latest financial statements of MG Styles on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. MG Styles has 1 GST registration on record and it is cancelled or inactive.
MG Styles operated in the home appliances industry, in the household goods segment.
Mohit Umesh Mihani ceased to be Director on 24 Jan 2018. Sunil Meghraj Suchdev ceased to be Director on 24 Jan 2018. Umesh Kumar Mihani ceased to be Director on 24 Jan 2018.
MG Styles has no open charges and satisfied charges of ₹1.05 Cr as per latest MCA filings.