Asian Bearings Profile
Key Indicators
- Authorised Capital ₹ 17.00 Cr
- Paid Up Capital ₹ 15.04 Cr
- Company Age 50 Year, 11 Months
- Last Filing with ROC 31 Mar 2022
- Open Charges ₹ 9.67 Cr
- Satisfied Charges ₹ 59.94 Cr
- Revenue Growth %
- Profit Growth -56.87%
- Ebitda -56.87%
- Net Worth -0.78%
- Total Assets 0.31%
About Asian Bearings
Asian Bearings Limited (ABL) is a Public Limited Indian Non-Government Company incorporated in India on 19 March 1974 and has a history of 50 years and 11 months. Its registered office is in Chennai, Tamil Nadu, India.
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 2022. It's a company limited by shares with an authorized capital of Rs 17.00 Cr and a paid-up capital of Rs 15.04 Cr.
The company currently has active open charges totaling ₹9.67 Cr. The company has closed loans amounting to ₹59.94 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mulupuru Rao, Palaniappan Muthu, and Govinda Babu serve as directors at the Company.
Company Details
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Location
Chennai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
- Email Address
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Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U29130TN1974PLC006574
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Company No.
006574
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
19 Mar 1974
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Date of AGM
28 Sep 2022
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Date of Balance Sheet
31 Mar 2022
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Asian Bearings?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Palaniappan Muthu
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Managing Director | 19-Mar-1991 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Mulupuru Rao
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Director | 05-Jul-2003 | Current |
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Govinda Babu
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Director | 24-Jul-2012 | Current |
Financial Performance of Asian Bearings.
Asian Bearings Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 56.87% decrease in profit. The company's net worth dipped by a decrease of 0.78%.
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What is the Ownership and Shareholding Structure of Asian Bearings?
In 2022, Asian Bearings had a promoter holding of 59.78% and a public holding of 40.22%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹9.67 Cr
₹59.94 Cr
Charges Breakdown by Lending Institutions
- Industrial Industrial Finence Corp Of India : 5.60 Cr
- Industrial Finence Corp Of India : 2.29 Cr
- Industrial Finance Corpotn. Of India : 0.90 Cr
- State Industries Promotion Corpof Tamilnadu Ltd : 0.48 Cr
- Industrial Finance Corporation Of India : 0.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 1984 | State Industries Promotion Corpof Tamilnadu Ltd | ₹4.80 M | Open |
| 27 Dec 1983 | Industrial Industrial Finence Corp Of India | ₹3.80 Cr | Open |
| 10 Dec 1981 | Industrial Finance Corpotn. Of India | ₹9.00 M | Open |
| 03 Dec 1981 | Industrial Finence Corp Of India | ₹1.00 Cr | Open |
| 03 Dec 1981 | Industrial Industrial Finence Corp Of India | ₹1.80 Cr | Open |
How Many Employees Work at Asian Bearings?
Unlock and access historical data on people associated with Asian Bearings, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Asian Bearings, 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 Asian Bearings'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
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