Magicut - Due diligence report

A 360° intelligence report on Magicut: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…

1982-04-29 Thane, Maharashtra Dissolved Under Section 54 Listed Active Compliant
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MA Magicut
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Magicut — 360° Intelligence Report

Generated from MCA filings & public records
28/100
Trust Score
Caution Indicated

Magicut is assessed as Caution Indicated with a Trust Score of 28/100. Magicut is a public limited indian non-government company incorporated in 1982, operating in the Machinery and Equipment sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 11 Oct 2026 from the latest processed filings. Trident Tools Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Caution
Compliance › Caution

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 & explainable
Trust ScoreCaution Indicated
28/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores 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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 16 open (180.42 cr) · 12 satisfied (11.11 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Punjab National Bank18 48.0 cr
Bank Of Baroda9 48.0 cr
Popular Brass Pvt. Ltd1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Dissolved Under Section 54" - not Active.
  • Last balance sheet is for Mar 2018 - filings overdue.
  • Flagged by authority: BANKS, DRT, DSE.
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
RAJENDRA NAVNITLAL LAD 01234567 Director 01/04/2018 6 yrs Approved
SURESH BHANDARY 01234567 Director 01/04/2018 6 yrs Approved
RANJANA PASCAL DMELLO 01234567 Director 01/04/2018 6 yrs Approved
NARENDRA RAMESHCHANDRA GUPTA 01234567 Director 01/04/2018 6 yrs Approved
RAVI NARENDRA GUPTA 01234567 Director 01/04/2018 6 yrs Approved
Rajendra Navnitlal Lad 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • SURESH BHANDARY has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2018 annual return
Promoter holding
64.27%
Public / 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
8 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: RAJENDRA NAVNITLAL LAD (CFO) · NARENDRA RAMESHCHANDRA GUPTA (Whole-time director) · RAVI NARENDRA GUPTA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 20
Growth signals & trust indicators
Operating for 44+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Dissolved Under Section 54.
Compliance score is weak (5/100).
16 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence16/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment21/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 16 open charge(s) of 180.42 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view25/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
28 Sep 2018
Last AGM held
Annual general meeting
14 Aug 2018
Director ceased
SATISH KASHINATH MARATHE
31 Mar 2018
Latest balance sheet
Filed with ROC
29 Nov 2016
Director ceased
AMARNATH PASHPATINATH AGRAWAL
30 Sep 2015
Director appointed
SURESH BHANDARY (Director)
Director ceased
RANJANA PASCAL DMELLO
02 Sep 2015
Director appointed
RAVI NARENDRA GUPTA (Managing Director)
Director ceased
NARENDRA RAMESHCHANDRA GUPTA
28 May 2015
Director appointed
RAJENDRA NAVNITLAL LAD (CFO)
Director appointed
Rajendra Navnitlal Lad (Cfo)
28 Mar 2015
Director appointed
RANJANA PASCAL DMELLO (Director)
20 Feb 2015
Securities allotted
2340000 Equity Shares Without Differential Rights - 2.95 cr raised
Securities allotted
4950000 Equity Shares Without Differential Rights - 4.95 cr raised
17 Jan 2015
Charge created
Punjab National Bank - 1.35 cr
07 Aug 2014
Securities allotted
2340000 Equity Shares Without Differential Rights - 2.95 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
6 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Verticol Engineers Private Limited U45303MH2021PTC367651 Thane, Maharashtra
ASTER BLUE CORPORATION LLP AAS-0999 Thane, Maharashtra
Whitex Dyes Private Limited U24114MH2002PTC136585 Thane, Maharashtra
Highpi Brands Private Limited U17300MH2020PTC335569 Thane, Maharashtra
Pearl Thermoplast Private Limited U25200MH2010PTC203356 Thane, Maharashtra
X4 Online Sports Private Limited U93290MH2025PTC438515 Thane, Maharashtra
Copaxo Pharma Private Limited U47720MH2024PTC422997 Thane, Maharashtra
MADHAV VATIKA REALTORS LLP ACA-5720 Thane, Maharashtra
Recreator Paper & Pulp Private Limited U21020MH2011PTC213844 Thane, Maharashtra
Khadeem Forex Private Limited U65190MH2019PTC326955 Thane, Maharashtra
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Magicut before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Magicut: 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: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Magicut - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 28/100, distress signals and MSME payment-delay disclosures - know whether Magicut pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Magicut - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Magicut an active company?

Magicut has MCA status “Dissolved Under Section 54” with a compliance score of 5/100 (Caution Indicated).

Is Magicut financially healthy?

Magicut has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Magicut?

Its overall Trust Score is 28/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Magicut?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Magicut have loans or charges against its assets?

16 open charge(s) are registered against its assets, and 12 earlier charge(s) stand satisfied.

Is Magicut up to date with its ROC filings?

Last balance sheet is for Mar 2018 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Magicut?

Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.