M-System India Private Limited
About M-System India Private Limited
Data last updated:
M-System India Private Limited was a foreign private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Mgtec Hongkong Ltd. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 September 2015.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2015FTC102340.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.4 Cr. It was led by directors including Yuki Matsuo and Saburo Miyamichi.
Its last annual general meeting (AGM) was held on 18 August 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at No. 24 2nd Street Civil Aviation Colony Nanganallur, Chennai, Tamil Nadu, India – 600061.
As per the financials filed for FY 2020, the company reported a revenue of ₹21.29 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹55.09 Lakh (net margin -258.7%) and EBITDA of -₹53.99 Lakh (EBITDA margin -253.5%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
M-System India Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 24 2nd Street Civil Aviation Colony Nanganallur, Chennai, Tamil Nadu, India – 600061
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of M-System India 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 M-System India 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 M-System India Private Limited, buy the company report.
Financials of M-System India Private Limited
FY 2020 filings availableM-System India Private Limited reported revenue of ₹21.29 Lakh (down 84% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over three years, including a 84% fall in the latest year. EBITDA fell 328% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.29 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹53.99 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹55.09 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -253.5% | ||||
| Net Profit Margin | -258.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of M-System India Private Limited, buy the company report.
Board of directors of M-System India Private Limited
M-System India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yuki Matsuo | Director | 16 Dec 2019 | 6 Years 10 Months | As last reported |
| Saburo Miyamichi | Director | 28 Sep 2015 | 11 Years 0 Months | As last reported |
| Tanaka Keisuke Also directs: Exawizards India LLP, Nissei Technology India Private Limited, Fujicarbon India Private Limited and 5 more | Director | 01 Dec 2016 | 9 Years 10 Months | As last reported |
Auditor
M-System India Private Limited is audited by M GOPAL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M GOPAL & CO | FY 2020 | 000957S |
Shareholding
The shareholding of M-System India Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of M-System India Private Limited, buy the company report.
Legal cases
M-System India Private Limited has 1 court case on record: 1 filed by M-System India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of M-System India 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 M-System India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for M-System India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
M-System India Private Limited has 8 board changes on record since 2015: 3 appointments and 5 cessations. The latest: Yuki Matsuo ceased to be Additional Director on 18 Aug 2020.
Frequently asked questions
M-System India has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
M-System India was a foreign private limited company based in Chennai, Tamil Nadu, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 28 September 2015 and is registered under CIN U72900TN2015FTC102340. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
M-System India was incorporated on 28 September 2015. It is registered with the Registrar of Companies, Chennai.
M-System India had 3 directors:
- Yuki Matsuo - Director
- Saburo Miyamichi - Director
- Tanaka Keisuke - Director
The CIN (Corporate Identification Number) of M-System India is U72900TN2015FTC102340. 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 M-System India is at No. 24 2nd Street Civil Aviation Colony Nanganallur, Chennai, Tamil Nadu, India – 600061.
The latest financial statements of M-System India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 18 August 2020. Year-wise statements from FY 2016 are in the company report.
M-System India operated in the information technology industry, in the IT consulting and support services segment.
M-System India has 1 court case on record: 1 filed by the company.
Yuki Matsuo ceased to be Additional Director on 18 Aug 2020. Ayumu Shichijo ceased to be Director on 16 Dec 2019. Yuki Matsuo was appointed as Director on 16 Dec 2019. M-System India has 8 board changes on record in total.