Ashok Magnetics Profile
Key Indicators
- Authorised Capital ₹ 30.00 Cr
- Paid Up Capital ₹ 7.50 Cr
- Company Age 31 Year, 11 Months
- Last Filing with ROC 31 Mar 2016
- Open Charges ₹ 211.00 Cr
- Satisfied Charges ₹ 26.00 Cr
- Revenue Growth -83.06%
- Profit Growth 68.93%
- Ebitda 100.57%
- Net Worth -79.71%
- Total Assets -10.40%
About Ashok Magnetics
Ashok Magnetics Limited (AML) is Under Liquidation company established on 16 Apr 1993 with its office registered at Tiruvallur, Tamil Nadu, India and has been running since 31 Year, 11 Months with a paid up capital of 7.50 Cr. According to MCA records, 3 Directors are linked to this company as of 21 Apr 2024.
Company Details
- Location
Tiruvallur, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L30007TN1993PLC024842
- Company No.
024842
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
16 Apr 1993
- Date of AGM
30 Sep 2016
- Date of Balance Sheet
31 Mar 2016
- Listing Status
Listed
- ROC Code
Roc Chennai
Industry
Metals and Minerals
Ashok Magnetics Limited
Explore comprehensive data for Ashok Magnetics Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Ashok Magnetics?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajay Agarwal  | Managing Director | 10-Jul-1995 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bishan Singh | Director | 17-Mar-2015 | Current |
| Anuj Behera | Additional Director | 30-Dec-2016 | Current |
Financial Performance of Ashok Magnetics.
Ashok Magnetics Limited, for the financial year ended 2016, experienced significant reduction in revenue, with a 83.06% decrease. The company also saw a substantial improvement in profitability, with a 68.93% increase in profit. The company's net worth observed a substantial decline by a decrease of 79.71%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ashok Magnetics?
In 2016, Ashok Magnetics had a promoter holding of 74.61% and a public holding of 25.39%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ankit Ispat Private LimitedAjay Agarwal, Bishan Singh and 1 more are mutual person
Charges (Loans)
Open Charges
₹211.00 Cr
Satisfied Charges
₹26.00 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 90.43 Cr
- Central Bank Of India (Consortium Leader Of Three Member Banks) : 42.00 Cr
- Others : 20.00 Cr
- Federal Bank Limited : 17.50 Cr
- Toughened Alloys & Steels Private Limited : 15.00 Cr
- Others : 26.07 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Mar 2017 | Others | ₹2.00 Cr | Open |
| 10 Mar 2017 | Others | ₹6.00 Cr | Open |
| 20 Feb 2017 | Others | ₹5.50 Cr | Open |
| 02 Feb 2017 | Others | ₹6.50 Cr | Open |
| 10 Sep 2015 | Bkl Steels Private Limited | ₹3.80 Cr | Open |
How Many Employees Work at Ashok Magnetics?
Ashok Magnetics has a workforce of 39 employees as of Apr 07, 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 Ashok Magnetics, 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 Ashok Magnetics'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 Ashok Magnetics
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100116836 was registered on 10 Mar 2017.
- Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100116850 was registered on 10 Mar 2017.
- Charges
A charge with Others amounted to Rs. 5.50 Cr with Charge ID 100120165 was registered on 20 Feb 2017.
- Charges
A charge with Others amounted to Rs. 6.50 Cr with Charge ID 100118196 was registered on 02 Feb 2017.
- Director Appointment
Anuj Kumar Behera was appointed as a Additional Director was appointed as a Additional Director on 30 Dec 2016 & has been associated with this company since 8 years 2 months .
- Annual General Meeting
Ashok Magnetics Limited last Annual general meeting of members was held on 30 Sep 2016 as per latest MCA records.
Frequently asked questions
What is the Incorporation or founding date of Ashok Magnetics Limited?
Ashok Magnetics Limited was incorporated on 16 Apr 1993.
What is authorized share capital and paid-up capital of Ashok Magnetics Limited?
The authorized share capital of Ashok Magnetics Limited is ₹ 30.00 Cr and paid-up capital is ₹ 7.50 Cr.
Who are the current board members & directors of Ashok Magnetics Limited?
Currently 3 directors are associated with Ashok Magnetics Limited.
- Ajay Kumar Agarwal
- Bishan Singh
- Anuj Kumar Behera
What is the registered address of Ashok Magnetics Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ashok Magnetics Limited is B-73 Sipcot Industrial, Complexgummidipoondi-601201., Gummidipoondi-601201., Tamil Nadu, India.
What is the corporate identification number (CIN) and company number of Ashok Magnetics Limited?
The corporate identification number (CIN) of Ashok Magnetics Limited is L30007TN1993PLC024842 and the company number is 024842 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ashok Magnetics Limited?
The Official website of Ashok Magnetics Limited is https://www.amlsteel.in
What has been the recent revenue trend for Ashok Magnetics Limited?
According to the financial reports for the fiscal year 2016, the revenue trend for Ashok Magnetics Limited has fallen by -83.06%.
How many employees does Ashok Magnetics Limited currently have?
As Per 2016 financial reports, 39 employees are currently employed by Ashok Magnetics Limited.
What change has been observed in the net worth of Ashok Magnetics Limited, and by what percentage?
The financial reports for the fiscal year 2016 indicates that The net worth of Ashok Magnetics Limited has experienced an downturn of -79.71%.
What are the total open charges for Ashok Magnetics Limited?
As per the financial statements for fiscal Year 2016, The total open charges for Ashok Magnetics Limited amount to ₹ 211.00 Cr.
When was the last Balance Sheet of Ashok Magnetics Limited filed with the ROC?
The most recent Balance Sheet for Ashok Magnetics Limited was filed with the ROC on 31 Mar 2016.
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