MGK Bearings Limited
About MGK Bearings Limited
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MGK Bearings Limited is a public limited company based in New Delhi, Delhi, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 18 March 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL1991PLC043526. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹9.2 Lakh. It is led by directors including Kawaljit Singh Chandhok (Managing Director) and Syed Mumtaz Hussain.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Room No – 1 Second Floor G – 9/1 Lawrence Road Indl Area, New Delhi, Delhi, India – 110035.
As per the financials filed for FY 2015, the company reported a revenue of ₹60.59 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹38,511 (net margin 0.6%) and EBITDA of ₹6.66 Lakh (EBITDA margin 11%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
As per MCA filings, the company has open charges of ₹2.2 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
MGK Bearings has one previous CIN (Corporate Identification Number): U74999DL1991PTC043526. The current CIN is U74999DL1991PLC043526, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999DL1991PLC043526 | Current |
| U74999DL1991PTC043526 | Previous |
Contact details
MGK Bearings Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRoom No – 1 Second Floor G – 9/1 Lawrence Road Indl Area, New Delhi, Delhi, India – 110035
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of MGK Bearings 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
Financials of MGK Bearings Limited
FY 2020 filings availableMGK Bearings Limited reported revenue of ₹60.59 Lakh (down 1% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over three years, including a 1% fall in the latest year. EBITDA fell 10% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹60.59 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹6.66 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹38,511 |
| Balance Sheet | |
| Share Capital | |
| Reserves and Surplus | |
| Net Worth (Total Equity) | |
| Long-term Borrowings | |
| Short-term Borrowings | |
| Trade Payables | |
| Total Liabilities | |
| Fixed Assets | |
| Investments | |
| Inventories | |
| Trade Receivables | |
| Cash and Bank Balance | |
| Total Assets | |
Financial Ratios
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 11% |
| Net Profit Margin | 0.6% |
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | |
| Return on Assets (ROA) | |
| Liquidity and Debt | |
| Current Ratio | |
| Quick Ratio | |
| Debt-to-Equity Ratio | |
| Interest Coverage Ratio | |
| Efficiency and Growth | |
| Asset Turnover | |
| Receivable Days | |
| Payable Days | |
| Inventory Days | |
| Revenue Growth | |
| Net Profit Growth | |
To see the full financial statements and ratios of MGK Bearings Limited, buy the company report.
Board of directors of MGK Bearings Limited
MGK Bearings has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kawaljit Singh Chandhok Also directs: JSK Bearings Ltd | Managing Director | 18 Mar 1991 | 35 Years 7 Months | Current |
| Syed Mumtaz Hussain Also directs: JSK Bearings Ltd, JSK Bearings Company Private Limited | Director | 20 Oct 2010 | 16 Years 0 Months | Current |
| Gursharn Singh Kohli Also directs: JSK Bearings Ltd | Director | 20 Oct 2010 | 16 Years 0 Months | Current |
Auditor
MGK Bearings Limited is audited by GROVER BHASIN & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GROVER BHASIN & ASSOCIATES | FY 2015 | 018139N |
Shareholding
The shareholding of MGK Bearings Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of MGK Bearings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2007 | 10055257 | Punjab and Sind Bank | ₹1.7 Cr | Open | |
| 25 Sep 2004 | 80045048 | Punjab & Sind Bank | ₹35 Lakh | Open | |
| 25 Sep 2004 | 90063247 | Punjab & Sind Bank | ₹10 Lakh | Open | |
| 18 Aug 2003 | 90062914 | Panjab & Sind Bank | ₹5 Lakh | Open |
To see the full charge records of MGK Bearings Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
MGK Bearings Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Court case (SPCS) | Filed against the company by Nishan Bearings Co.Pvt.Ltd. | Disposed |
To see the full case history of MGK Bearings 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 MGK Bearings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
MGK Bearings has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of MGK Bearings Limited, buy the company report.
Recent activity
MGK Bearings Limited has 5 board changes on record since 1991: 3 appointments and 2 cessations. The latest: Harvinder Singh ceased to be Director on 01 Jan 2011.
2 earlier events are in the company report.
Frequently asked questions
MGK Bearings is an active public limited company based in New Delhi, Delhi, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 18 March 1991 (35+ years old) and is registered under CIN U74999DL1991PLC043526.
MGK Bearings has 3 current directors:
- Kawaljit Singh Chandhok - Managing Director
- Syed Mumtaz Hussain - Director
- Gursharn Singh Kohli - Director
The latest financial statements of MGK Bearings on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. MGK Bearings has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of MGK Bearings is U74999DL1991PLC043526. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MGK Bearings has 1 court case on record: 1 filed against it.
MGK Bearings was incorporated on 18 March 1991, making it 35+ years old. It is registered with the Registrar of Companies, Delhi.
Harvinder Singh ceased to be Director on 01 Jan 2011. Jaspal Singh ceased to be Director on 01 Jan 2011. Gursharn Singh Kohli was appointed as Director on 20 Oct 2010. MGK Bearings has 5 board changes on record in total.
The registered office of MGK Bearings is at Room No – 1 Second Floor G – 91 Lawrence Road Indl Area, New Delhi, Delhi, India – 110035.
MGK Bearings operates in the machinery and equipment industry, in the industrial tools and components segment.
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