Altek Beissel Needles Profile
Key Indicators
- Authorised Capital ₹ 13.50 Cr
- Paid Up Capital ₹ 3.37 Cr
- Company Age 37 Year, 16 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 7.39 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. Its registered office is in Madurantakam, 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 ₹7.39 Cr.
The Key Managerial Personnel (KMP) at Altek Beissel Needles Limited India is Ganesh Samabasivan as COMPANY SECRETARY. Rajalakshmi Ganesh, Champa Ganesh, and Ganesh Samabasivan serve as directors at the Company.
Company Details
- Location
Madurantakam, 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
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 |
|---|---|---|---|
| Rajalakshmi Ganesh | Director | 08-Jan-1991 | Current |
| Champa Ganesh | Whole-Time Director | 01-Sep-2012 | 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
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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)
₹7.39 Cr
₹0
Charges Breakdown by Lending Institutions
- Punjab National Bank : 5.89 Cr
- Scici Ltd : 1.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Aug 1995 | Scici Ltd | ₹1.50 Cr | Open |
| 01 Oct 1988 | Punjab National Bank | ₹5.89 Cr | Open |
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.
