Promoter holding
64.27%
MD
Magiq Devices Private Limited - Due diligence report
A 360° intelligence report on Magiq Devices Private Limited: trust score, financial health, credit view, compliance, directors, growth and d…
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Magiq Devices Private Limited — 360° Intelligence Report
Generated from MCA filings & public records52/100
Trust Score
Moderate
Magiq Devices Private Limited is assessed as Moderate with a Trust Score of 52/100. Magiq Devices Private Limited is a private limited indian non-government company incorporated in 2013, operating in the Energy and Power sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 09 Aug 2026 from the latest processed filings. Magiq Devices Private Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
52/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
10/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 2 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 0 satisfied (-).
Compliance Score: 10/100 Caution Indicated
- Company status is "Strike Off" - not Active.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2016 - filings overdue.
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| BALASUBRAMANIAN VENKATAKRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SEETHALAKSHMI VENKATAKRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 directors on the board.
- BALASUBRAMANIAN VENKATAKRISHNAN has DIN status "Disqualified by RoC u/s 164(2)".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
06
Ownership & Group Intelligence
As per FY 2015 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 45
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 12+ years.
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
Statutory filings appear overdue.
Adverse company status: Strike Off.
Compliance score is weak (10/100).
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence33/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view69/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 7 events30 Sep 2016
Last AGM held
Annual general meeting
31 Mar 2016
Latest balance sheet
Filed with ROC
24 Jul 2015
Securities allotted
80000 Equity Shares Without Differential Rights - 8.00 Lakh raised
21 Nov 2014
Director appointed
SEETHALAKSHMI VENKATAKRISHNAN (Director)
Director ceased
SUBBARAYALU KUMAR
27 Dec 2013
Incorporated
Registered with Roc Chennai
Director appointed
BALASUBRAMANIAN VENKATAKRISHNAN (Director)
10
Key Observations
Auto-generated from the data aboveDebt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
2 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake as per the FY 2015 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Ssvr Engineering Private Limited | U25209TG1980PTC002860 | Andhra Pradesh, Telangana, India |
| Paskan Vensha Electronic Private Limited | U74899DL1989PTC034906 | New Delhi, Delhi, India |
| Electra Tech Power Controls Private Limited | U31902TN2014PTC098305 | Chennai, Tamil Nadu, India |
| Samurai Solar System Private Limited | U29307GJ2014PTC078688 | Rajkot, Gujarat, India |
| Emax Power Controls & It Equipments Private Limited | U31200KL2013PTC033377 | Malappuram, Kerala, India |
| Jdr Luminaries Private Limited. | U74900UR2007PTC032499 | Haridwar, Uttarakhand, India |
| Martand Luminaries Private Limited | U31401MH2012PTC228123 | Mumbai, Maharashtra, India |
| Pegasus | U32105GJ2004PLC044611 | Ahmedabad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Magiq Devices Private Limited before audits and certifications: compliance score 10/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Magiq Devices Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Magiq Devices Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 52/100, distress signals and MSME payment-delay disclosures - know whether Magiq Devices Private Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Magiq Devices Private Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Magiq Devices Private Limited an active company?
Magiq Devices Private Limited has MCA status “Strike Off” with a compliance score of 10/100 (Caution Indicated).
Is Magiq Devices Private Limited financially healthy?
Magiq Devices Private Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Magiq Devices Private Limited?
Its overall Trust Score is 52/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Magiq Devices Private Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.
Does Magiq Devices Private Limited have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Magiq Devices Private Limited up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 10/100 (Caution Indicated).
Is it risky to lend to Magiq Devices Private Limited?
Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
