Mag Solvics Profile
Key Indicators
- Authorised Capital ₹ 3.50 Cr
as on 17-07-2024
- Paid Up Capital ₹ 3.34 Cr
as on 17-07-2024
- Company Age 19 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 11.22 Cr
as on 17-07-2024
- Satisfied Charges ₹ 10.05 Cr
as on 17-07-2024
- Revenue 12.43%
(FY 2023)
- Profit -0.65%
(FY 2023)
- Ebitda 9.07%
(FY 2023)
- Net Worth 2.36%
(FY 2023)
- Total Assets 6.95%
(FY 2023)
About Mag Solvics
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 3.50 Cr and a paid-up capital of Rs 3.34 Cr.
The company currently has active open charges totaling ₹11.22 Cr. The company has closed loans amounting to ₹10.05 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rangaswamy Manikandamurthy, Gangadharan Mani, and Chidambaram Dhandayuthapani serve as directors at the Company.
- CIN/LLPIN
U29261TZ2005PTC011986
- Company No.
011986
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Jul 2005
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Solavampalayam Post, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Mag Solvics Private Limited offer?
Mag Solvics Private Limited offers a wide range of products and services, including Testing & Measuring Equipments, Testing Equipment, Fabric Testing Equipment, Tensile Testing Machine, Textile Testing Equipment, Apparel & Textile Machinery, Dyeing Machinery, Wrapping & Banding Machines, Wrapping Machines, Reeling Machine.
Who are the key members and board of directors at Mag Solvics?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Chidambaram Dhandayuthapani  | Managing Director | 01-Apr-2015 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rangaswamy Manikandamurthy | Whole-Time Director | 11-Jul-2005 | Current |
| Gangadharan Mani | Whole-Time Director | 30-Nov-2007 | Current |
Financial Performance and Corporate Structure Insights of Mag Solvics.
Mag Solvics Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 12.43% increase. The company also saw a slight decrease in profitability, with a 0.65% decrease in profit. The company's net worth moved up by a moderate rise of 2.36%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (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 Mag Solvics?
In 2023, Mag Solvics had a promoter holding of 84.05% and a public holding of 15.95%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Mag Unicorp Private Limited
Active
7 years 9 months Rangaswamy Manikandamurthy, Gangadharan Mani and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 13 Apr 2023 | ₹1.70 M | Open |
Others Creation Date: 25 Nov 2021 | ₹0.50 M | Open |
Others Creation Date: 06 Jul 2020 | ₹1.50 Cr | Open |
How Many Employees Work at Mag Solvics?
Mag Solvics has a workforce of 126 employees as of Apr 09, 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
As of Apr 15, 2015, Mag Solvics has raised a total of ₹ 5.49 Cr, with the most recent deal valued at ₹ 1.54 M. Access detailed insights into the company’s deals, including security allotments, mergers, acquisitions, and strategic partnerships that have shaped its growth.
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.
