About Salzer Magnet Wires Limited
Data last updated:
Salzer Magnet Wires Limited was a public limited company based in Coimbatore, Tamil Nadu, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the cable and wire segment of the manufacturing sector. It was incorporated on 08 September 2008.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U31300TZ2008PLC014746. Its GSTIN is 33AAMCS7364N1ZN (Tamil Nadu). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹20 Cr and a paid-up capital of ₹13.4 Cr. It was led by directors including Dasappan Govindaraj (Nodal Officer) and Venkatapathy.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 882/3 Coimbatore Main Road Bettathapuram, Tamil Nadu, India – 641104.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.66 Cr, a decline of 98% compared to the previous year. For the same year it recorded a net profit of ₹11.51 Lakh (net margin 6.9%) and EBITDA of ₹14.69 Lakh (EBITDA margin 8.8%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years.
The company had about 961 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹41.3 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The last known website on record is salzerwires.com.
Company details
Contact details
Salzer Magnet Wires Limited's registered office is in Coimbatore, Tamil Nadu. Its website is salzerwires.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address882/3 Coimbatore Main Road Bettathapuram, Tamil Nadu, India – 641104
- IndustryManufacturing, Cable & Wire
To see the full contact details of Salzer Magnet Wires 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
Business activity
The main business activity of Salzer Magnet Wires is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Salzer Magnet Wires Limited, buy the company report.
Financials of Salzer Magnet Wires Limited
FY 2019 filings availableSalzer Magnet Wires Limited reported revenue of ₹1.66 Cr (down 98% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over three years, including a 98% fall in the latest year. EBITDA fell 97% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.66 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.51 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | ||||
| Net Profit Margin | 6.9% | ||||
| 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 Salzer Magnet Wires Limited, buy the company report.
Board of directors of Salzer Magnet Wires Limited
Salzer Magnet Wires has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dasappan Govindaraj | Nodal Officer | 28 Jun 2022 | 4 Years 4 Months | As last reported |
| Venkatapathy | Director | 24 Mar 2015 | 11 Years 7 Months | As last reported |
| Narayanaswamy Jayabal Also directs: Salzer Exports Limited | Director | 24 Mar 2015 | 11 Years 7 Months | As last reported |
| Rajeshkumar Doraiswamy | Director | 08 Sep 2008 | 18 Years 2 Months | As last reported |
| Doraiswamy Rangaswamy Also directs: Salzer Exports Limited, Salzer Electronics Limited, Kaycee Industries Limited and 5 more | Director | 08 Sep 2008 | 18 Years 2 Months | As last reported |
| Perumalreddiar Ramachandran | Director | 03 Sep 2016 | 10 Years 2 Months | As last reported |
Auditor
Salzer Magnet Wires Limited is audited by SWAMY & RAVI for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SWAMY & RAVI | FY 2019 | 004317S |
Shareholding
The shareholding of Salzer Magnet Wires Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Salzer Magnet Wires Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2017 | 100119617 | Axis Bank Limited | ₹23 Cr | Satisfied | |
| 15 Jun 2009 | 10168506 | Bank of India Limited | ₹18.3 Cr | Satisfied |
To see the full charge records of Salzer Magnet Wires Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Salzer Magnet Wires Limited has 5 court cases on record: 2 filed by Salzer Magnet Wires, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 2 | 0 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (CRL OP) | Filed against the company by M/S.K.V.S.Enterprises and 3 others | Disposed |
| High Court, TAMIL NADU | Court case (CRL MP) | Filed against the company by M/S.K.V.S.Enterprises and 3 others | Disposed |
| District court, Coimbatore, Tamil Nadu | Court case (COS) | Filed by the company against Bank of India | Disposed |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed by the company against Bank of India | Disposed |
To see the full case history of Salzer Magnet Wires 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 Salzer Magnet Wires Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Salzer Magnet Wires Limited has a workforce of 961 employees on its EPFO records as of May 2026, across 8 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 961 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Salzer Magnet Wires Limited, buy the company report.
GST
Salzer Magnet Wires has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAMCS7364N1ZN | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Salzer Magnet Wires Limited, buy the company report.
Recent activity
Salzer Magnet Wires Limited has 12 board changes on record since 2008: 6 appointments and 6 cessations. The latest: Dasappan Govindaraj was appointed as Nodal Officer on 28 Jun 2022.
9 earlier events are in the company report.
Frequently asked questions
Salzer Magnet Wires has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Salzer Magnet Wires was a public limited company based in Coimbatore, Tamil Nadu, India. The company worked in cable and wire, within the manufacturing industry. It was incorporated on 08 September 2008 and is registered under CIN U31300TZ2008PLC014746. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Salzer Magnet Wires was incorporated on 08 September 2008. It is registered with the Registrar of Companies, Coimbatore.
Salzer Magnet Wires had 6 directors:
- Venkatapathy - Director
- Narayanaswamy Jayabal - Director
- Rajeshkumar Doraiswamy - Director
- Doraiswamy Rangaswamy - Director
- Perumalreddiar Ramachandran - Director
- Dasappan Govindaraj - Nodal Officer
The CIN (Corporate Identification Number) of Salzer Magnet Wires is U31300TZ2008PLC014746. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Salzer Magnet Wires is at 8823 Coimbatore Main Road Bettathapuram, Tamil Nadu, India – 641104.
Salzer Magnet Wires can be reached through the website salzerwires.com. Its registered office is in Coimbatore, Tamil Nadu, India.
The latest financial statements of Salzer Magnet Wires on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Salzer Magnet Wires is 33AAMCS7364N1ZN, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Salzer Magnet Wires operated in the manufacturing industry, in the cable and wire segment.
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