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MAGMA DIAMOND TOOLS, INC. - Florida Company Profile

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Company Details

Entity Name: MAGMA DIAMOND TOOLS, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

MAGMA DIAMOND TOOLS, INC. is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act.

Status: Active

The business entity is active. This status indicates that the business is currently operating and compliant with state regulations, suggesting a lower risk profile for lenders and potentially better creditworthiness.

Date Filed: 10 Oct 2002 (23 years ago)
Document Number: P02000109587
FEI/EIN Number 134215137

Federal Employer Identification (FEI) Number assigned by the IRS.

Address: 401 Gordon St, Sanford, FL, 32771, US
Mail Address: 401 Gordon St, Sanford, FL, 32771, US
ZIP code: 32771
City: Sanford
County: Seminole
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
Proctor Young President 401 Gordon St, Sanford, FL, 32771
Proctor Young Secretary 401 Gordon St, Sanford, FL, 32771
Proctor Young Director 401 Gordon St, Sanford, FL, 32771
PROCTOR YOUNG C Agent 401 Gordon St, Sanford, FL, 32771

Events

Event Type Filed Date Value Description
CHANGE OF PRINCIPAL ADDRESS 2020-01-20 401 Gordon St, Sanford, FL 32771 -
CHANGE OF MAILING ADDRESS 2020-01-20 401 Gordon St, Sanford, FL 32771 -
REGISTERED AGENT ADDRESS CHANGED 2020-01-20 401 Gordon St, Sanford, FL 32771 -

Documents

Name Date
ANNUAL REPORT 2025-01-21
ANNUAL REPORT 2024-01-19
AMENDED ANNUAL REPORT 2023-06-28
AMENDED ANNUAL REPORT 2023-06-07
AMENDED ANNUAL REPORT 2023-02-07
ANNUAL REPORT 2023-01-04
ANNUAL REPORT 2022-01-18
AMENDED ANNUAL REPORT 2021-11-15
AMENDED ANNUAL REPORT 2021-10-12
AMENDED ANNUAL REPORT 2021-08-13

USAspending Awards / Financial Assistance

Date:
2020-05-15
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO PROVIDE LOANS TO RESTORE AS NEARLY AS POSSIBLE THE VICTIMS OF ECONOMIC INJURY TYPE DISASTERS TO PRE-DISASTER CONDITIONS
Obligated Amount:
0.00
Face Value Of Loan:
100000.00
Total Face Value Of Loan:
250000.00
Date:
2020-04-16
Awarding Agency Name:
Small Business Administration
Transaction Description:
ECONOMIC INJURY DISASTER GRANT
Obligated Amount:
10000.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00
Date:
2020-04-14
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
0.00
Face Value Of Loan:
135000.00
Total Face Value Of Loan:
117000.00

Trademarks

Serial Number:
77499784
Mark:
FUEGO MAGMA
Status:
CANCELLED - SECTION 18
Mark Type:
TRADEMARK
Application Filing Date:
2008-06-16
Mark Drawing Type:
Standard character mark
Mark Literal Elements:
FUEGO MAGMA

Goods And Services

For:
Diamond-pointed metal-cutting tools
First Use:
2008-03-01
International Classes:
007 - Primary Class
Class Status:
Sec. 18 – Entire Registration
Serial Number:
77380571
Mark:
MAGMA
Status:
ABANDONED-FAILURE TO RESPOND OR LATE RESPONSE
Mark Type:
TRADEMARK
Application Filing Date:
2008-01-25
Mark Drawing Type:
Standard character mark
Mark Literal Elements:
MAGMA

Goods And Services

For:
Diamond-pointed metal-cutting tools
First Use:
2002-11-01
International Classes:
007 - Primary Class
Class Status:
Active

Paycheck Protection Program

Jobs Reported:
11
Initial Approval Amount:
$135,000
Date Approved:
2020-04-14
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Current Approval Amount:
$117,000
Race:
Unanswered
Ethnicity:
Unknown/NotStated
Gender:
Unanswered
Veteran:
Unanswered
Forgiveness Amount:
$117,696.83
Servicing Lender:
SouthState Bank, National Association
Use of Proceeds:
Payroll: $117,000

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Date of last update: 03 Jul 2025

Sources: Florida Department of State