Magnarc Electrodes Profile
Key Indicators
- Authorised Capital ₹ 4.00 M
- Paid Up Capital ₹ 4.00 M
- Company Age 42 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 6.60 Cr
- Satisfied Charges ₹ 4.91 M
- Revenue Growth -1.64%
- Profit Growth 5.12%
- Ebitda -43.90%
- Net Worth 59.51%
- Total Assets 13.36%
About Magnarc Electrodes
Magnarc Electrodes Pvt Ltd (MEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 June 1982 and has a history of 42 years and 11 months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 4.00 M and a paid-up capital of Rs 4.00 M.
The company currently has active open charges totaling ₹6.60 Cr. The company has closed loans amounting to ₹4.91 M, as per Ministry of Corporate Affairs (MCA) records.
Ramadevi Chintamaneni and Rajasekhar Chintamaneni serve as directors at the Company.
Company Details
- Location
Visakhapatnam, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29309AP1982PTC003535
- Company No.
003535
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
17 Jun 1982
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Manufacturing
What products or services does Magnarc Electrodes Pvt Ltd offer?
Magnarc Electrodes Pvt Ltd offers a wide range of products and services, including Welding, Rods, Electrodes & Wires, Welding Electrodes.
Magnarc Electrodes Pvt Ltd
Explore comprehensive data for Magnarc Electrodes Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Magnarc Electrodes?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramadevi Chintamaneni  | Whole-Time Director | 01-Sep-2007 | Current |
| Rajasekhar Chintamaneni | Whole-Time Director | 08-Apr-2003 | Current |
Financial Performance of Magnarc Electrodes.
Magnarc Electrodes Pvt Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 1.64% decrease. The company also saw a slight improvement in profitability, with a 5.12% increase in profit. The company's net worth Soared by an impressive increase of 59.51%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Magnarc Electrodes?
In 2023, Magnarc Electrodes had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Magnarc Electrodes & Wires Private LimitedRamadevi Chintamaneni is a mutual person
Charges (Loans)
Open Charges
₹65.99 M
Satisfied Charges
₹4.91 M
Charges Breakdown by Lending Institutions
- Others : 4.60 Cr
- Axis Bank Limited : 1.50 Cr
- Hdfc Bank Limited : 0.41 Cr
- Canara Bank : 0.09 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Oct 2022 | Axis Bank Limited | ₹1.50 Cr | Open |
| 26 Nov 2020 | Hdfc Bank Limited | ₹4.07 M | Open |
| 01 Jun 2018 | Canara Bank | ₹0.90 M | Open |
| 15 Sep 2017 | Others | ₹4.46 Cr | Open |
| 16 Aug 1983 | Others | ₹1.40 M | Open |
How Many Employees Work at Magnarc Electrodes?
Magnarc Electrodes has a workforce of 11 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magnarc Electrodes, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magnarc Electrodes's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Magnarc Electrodes
Recent activity within the organization
- Annual General Meeting
Magnarc Electrodes Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Magnarc Electrodes Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
- Charges
A charge with Others of Rs. 44.62 M registered on 15 Sep 2017 with Charge ID 100127153 was modified on 10 Aug 2023.
- Charges
A charge with Axis Bank Limited amounted to Rs. 15.00 M with Charge ID 100667387 was registered on 28 Oct 2022.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.07 M with Charge ID 100440664 was registered on 26 Nov 2020.
- Charges
A charge with Canara Bank amounted to Rs. 0.90 M with Charge ID 100188440 was registered on 01 Jun 2018.
Frequently asked questions
What is the Incorporation or founding date of Magnarc Electrodes Pvt Ltd?
Magnarc Electrodes Pvt Ltd was incorporated on 17 Jun 1982.
What is authorized share capital and paid-up capital of Magnarc Electrodes Pvt Ltd?
The authorized share capital of Magnarc Electrodes Pvt Ltd is ₹ 4.00 M and paid-up capital is ₹ 4.00 M.
Who are the current board members & directors of Magnarc Electrodes Pvt Ltd?
Currently 2 directors are associated with Magnarc Electrodes Pvt Ltd.
- Ramadevi Chintamaneni
- Rajasekhar Chintamaneni
What is the registered address of Magnarc Electrodes Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Magnarc Electrodes Pvt Ltd is Pendurthi, Visakhaptnam District India, Andhra Pradesh, 531173.
What is the corporate identification number (CIN) and company number of Magnarc Electrodes Pvt Ltd?
The corporate identification number (CIN) of Magnarc Electrodes Pvt Ltd is U29309AP1982PTC003535 and the company number is 003535 as per Ministry of Corporate Affairs (MCA).
What is the official website of Magnarc Electrodes Pvt Ltd?
The Official website of Magnarc Electrodes Pvt Ltd is https://www.magnarc.com
What has been the recent revenue trend for Magnarc Electrodes Pvt Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Magnarc Electrodes Pvt Ltd has fallen by -1.64%.
How many employees does Magnarc Electrodes Pvt Ltd currently have?
As Per 2023 financial reports, 11 employees are currently employed by Magnarc Electrodes Pvt Ltd.
What change has been observed in the net worth of Magnarc Electrodes Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Magnarc Electrodes Pvt Ltd has experienced an upsurge of 59.51%.
What are the total open charges for Magnarc Electrodes Pvt Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Magnarc Electrodes Pvt Ltd amount to ₹ 6.60 Cr.
When was the last Balance Sheet of Magnarc Electrodes Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Magnarc Electrodes Pvt Ltd was filed with the ROC on 31 Mar 2024.
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