Altek Beissel Needles Profile
Key Indicators
- Authorised Capital ₹ 13.50 Cr
- Paid Up Capital ₹ 3.37 Cr
- Company Age 37 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 5.89 Cr
- Satisfied Charges ₹ 1.50 Cr
- Revenue Growth -9.44%
- Profit Growth 49.01%
- Ebitda 20.55%
- Net Worth -3.00%
- Total Assets 73.96%
About Altek Beissel Needles
Altek Beissel Needles Limited (ABNL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 January 1988 and has a history of 37 years and one month. Its registered office is in Kanchipuram, Tamil Nadu, India.
The Corporate was formerly known as Altek Engineering Private Limited. The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 13.50 Cr and a paid-up capital of Rs 3.37 Cr.
The company currently has active open charges totaling ₹5.89 Cr. The company has closed loans amounting to ₹1.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Altek Beissel Needles Limited India is Ganesh Samabasivan as COMPANY SECRETARY. Champa Ganesh, Rajalakshmi Ganesh, and Ganesh Samabasivan serve as directors at the Company.
Company Details
- Location
Kanchipuram, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U93090TN1988PLC035704
- Company No.
035704
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
14 Jan 1988
- Date of AGM
30 Nov 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Machinery and Equipment
What products or services does Altek Beissel Needles Limited offer?
Altek Beissel Needles Limited offers a wide range of products and services, including Embroidered Fabric & Textiles, Embroidery Pattern, Apparel Fabrics & Clothing Textiles, Embroidery Work & Embroidery Fabric, Sewing Needles, Embroidery Needles & Accessories, Raw and Processed Leather, Animal Leather, Knitting Needles.
Who are the key members and board of directors at Altek Beissel Needles?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ganesh Samabasivan  | Company Secretary | 01-Sep-2009 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Champa Ganesh | Whole-Time Director | 01-Sep-2012 | Current |
| Rajalakshmi Ganesh | Director | 08-Jan-1991 | Current |
Financial Performance of Altek Beissel Needles.
Altek Beissel Needles Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.44% decrease. The company also saw a substantial improvement in profitability, with a 49.01% increase in profit. The company's net worth dipped by a decrease of 3%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Altek Beissel Needles?
In 2023, Altek Beissel Needles had a promoter holding of 80.74% and a public holding of 19.26%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Madras Needles LimitedRajalakshmi Ganesh and Ganesh Samabasivan are mutual person
Charges (Loans)
Open Charges
₹5.89 Cr
Satisfied Charges
₹1.50 Cr
Charges Breakdown by Lending Institutions
- Punjab National Bank : 5.89 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Oct 1988 | Punjab National Bank | ₹5.89 Cr | Open |
| 09 Aug 1995 | Scici Ltd | ₹1.50 Cr | Satisfied |
How Many Employees Work at Altek Beissel Needles?
Altek Beissel Needles has a workforce of 71 employees as of Apr 02, 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 Altek Beissel Needles, 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 Altek Beissel Needles'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 Altek Beissel Needles
Recent activity within the organization
- Annual General Meeting
Altek Beissel Needles Limited last Annual general meeting of members was held on 30 Nov 2023 as per latest MCA records.
- Balance Sheet
Altek Beissel Needles Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Director Appointment
Champa Ganesh was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 01 Sep 2012 & has been associated with this company since 12 years 6 months .
- Director Appointment
Ganesh Samabasivan was appointed as a Company Secretary was appointed as a Company Secretary on 01 Sep 2009 & has been associated with this company since 15 years 6 months .
- Charges
A charge registered on 09 Aug 1995 via Charge ID 90285111 with Scici Ltd was fully satisfied on 31 Jan 2001.
- Charges
A charge with Scici Ltd of Rs. 1.50 Cr registered on 09 Aug 1995 with Charge ID 90285111 was modified on 20 Nov 1995.
Frequently asked questions
What is the Incorporation or founding date of Altek Beissel Needles Limited?
Altek Beissel Needles Limited was incorporated on 14 Jan 1988.
What is authorized share capital and paid-up capital of Altek Beissel Needles Limited?
The authorized share capital of Altek Beissel Needles Limited is ₹ 13.50 Cr and paid-up capital is ₹ 3.37 Cr.
Who are the current board members & directors of Altek Beissel Needles Limited?
Currently 4 directors are associated with Altek Beissel Needles Limited.
- Ganesh Samabasivan
- Champa Ganesh
- Rajalakshmi Ganesh
- Ganesh Samabasivan
What is the registered address of Altek Beissel Needles Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Altek Beissel Needles Limited is No. 43/1C Ecr Road Cheyyur Taluk Atchivilagam Village, New Chennai Township India, Madurantakam, Tamil Nadu, 603305.
What is the corporate identification number (CIN) and company number of Altek Beissel Needles Limited?
The corporate identification number (CIN) of Altek Beissel Needles Limited is U93090TN1988PLC035704 and the company number is 035704 as per Ministry of Corporate Affairs (MCA).
What is the official website of Altek Beissel Needles Limited?
The Official website of Altek Beissel Needles Limited is https://www.beisselneedles.com
What has been the recent revenue trend for Altek Beissel Needles Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Altek Beissel Needles Limited has fallen by -9.44%.
How many employees does Altek Beissel Needles Limited currently have?
As Per 2023 financial reports, 71 employees are currently employed by Altek Beissel Needles Limited.
What change has been observed in the net worth of Altek Beissel Needles Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Altek Beissel Needles Limited has experienced an downturn of -3.00%.
What are the total open charges for Altek Beissel Needles Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Altek Beissel Needles Limited amount to ₹ 5.89 Cr.
When was the last Balance Sheet of Altek Beissel Needles Limited filed with the ROC?
The most recent Balance Sheet for Altek Beissel Needles Limited was filed with the ROC on 31 Mar 2023.
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