About Maxx Moblink Private Limited
Data last updated:
Maxx Moblink Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 20 November 2008.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2008PTC188380. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹11.4 Cr. It was formerly known as Maxx Mobilink Private Limited. It is led by directors Ajjay Agarwal (Managing Director) and Barkha Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2015, the company reported a revenue of ₹321.87 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹33.44 Cr (net margin -10.4%) and EBITDA of -₹18.27 Cr (EBITDA margin -5.7%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years.
As per MCA filings, the company has open charges of ₹230 Cr on record. Court records list 32 cases involving the company, including 10 filed by the company and 22 filed against it; 4 cases are pending.
The last known website on record is maxxmobile.in.
Company details
Contact details
Maxx Moblink Private Limited's registered office is in Mumbai, Maharashtra. Its website is maxxmobile.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address106 Chawda Commercial Center Mind Space New Link Road Chincholi Bunder Malad (, W), Mumbai, Maharashtra, India – 400064
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Maxx Moblink 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 Maxx Moblink Private Limited
FY 2015 filings availableMaxx Moblink Private Limited reported revenue of ₹321.87 Cr (down 47% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over three years, including a 47% fall 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹321.87 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹18.27 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹33.44 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -5.7% |
| Net Profit Margin | -10.4% |
| 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 Maxx Moblink Private Limited, buy the company report.
Board of directors of Maxx Moblink Private Limited
Maxx Moblink has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Barkha Agarwal Also directs: Maxx Cellular LLP, Autum Impex Private Limited, Mahul Infotech Private Limited and 4 more | Director | 08 Jan 2014 | 12 Years 9 Months | As last reported |
| Ajjay Agarwal | Managing Director | 20 Nov 2008 | 17 Years 11 Months | As last reported |
Auditor
Maxx Moblink Private Limited is audited by Raman Bhuraria & Associates for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Raman Bhuraria & Associates | FY 2015 |
Shareholding
The shareholding of Maxx Moblink Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Maxx Moblink Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2010 | 10208688 | Union Bank of India | ₹20 Cr | Open | |
| 17 Nov 2009 | 10188354 | Dena Bank | ₹10 Cr | Open | |
| 29 Sep 2009 | 10181854 | Others | ₹200 Cr | Open |
To see the full charge records of Maxx Moblink Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Maxx Moblink Private Limited has 32 court cases on record: 10 filed by Maxx Moblink, 22 filed against it. 4 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 17 | 1 |
| District courts | 5 | 5 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Ifci Factors Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Yes Bank Limited | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Aramex India Pvt. Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Aramex India Private Ltd | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against M/S.Pickle Advertising Pvt.Ltd. | Disposed |
To see the full case history of Maxx Moblink 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 Maxx Moblink Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maxx Moblink has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Maxx Moblink Private Limited, buy the company report.
Recent activity
Maxx Moblink Private Limited has 11 board changes on record since 2008: 2 appointments and 9 cessations. The latest: Shraddha Tripathi ceased to be Company Secretary on 17 Jun 2016.
7 earlier events are in the company report.
Frequently asked questions
Maxx Moblink is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Maxx Moblink is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 20 November 2008 and is registered under CIN U74990MH2008PTC188380. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Maxx Moblink has 2 current directors:
- Ajjay Agarwal - Managing Director
- Barkha Agarwal - Director
The latest financial statements of Maxx Moblink on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Maxx Moblink is U74990MH2008PTC188380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxx Moblink has open charges of ₹230 Cr and no satisfied charges on record as per latest MCA filings.
Maxx Moblink has 32 court cases on record: 10 filed by the company and 22 filed against it. 4 are pending. Most are in the high courts.
Maxx Moblink was incorporated on 20 November 2008. It is registered with the Registrar of Companies, Mumbai.
Shraddha Tripathi ceased to be Company Secretary on 17 Jun 2016. Dilip Basole ceased to be Director on 30 Jun 2015. Riddhi Mayank Mehta ceased to be Company Secretary on 31 Mar 2015. Maxx Moblink has 11 board changes on record in total.
Maxx Moblink can be reached through the website maxxmobile.in. Its registered office is in Mumbai, Maharashtra, India.
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