Mag Steel Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 0.40 M
- Company Age 14 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 17.50 Cr
- Revenue Growth -17.80%
- Profit Growth 16.52%
- Ebitda -18.01%
- Net Worth 5.88%
- Total Assets 12.66%
About Mag Steel Industries
Mag Steel Industries Private Limited (MSIPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 August 2010 and has a history of 14 years and six months. Its registered office is in Tiruvallur, 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 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 0.40 M.
The company currently has active open charges totaling ₹17.50 Cr.
Abhishek Modi and Viswanathan Shanmugasundaram serve as directors at the Company.
Company Details
-
Location
Tiruvallur, Tamil Nadu, India
-
Telephone
+91-XXXXXXXXXX
-
Email Address
-
Website
-
-
Social Media-
Corporate Identity Details
-
CIN/LLPIN
U74110TN2010PTC076882
-
Company No.
076882
-
Company Classification
Private Limited Indian Non-Government Company
-
Incorporation Date
05 Aug 2010
-
Date of AGM
30 Sep 2024
-
Date of Balance Sheet
31 Mar 2024
-
Listing Status
Unlisted
-
ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Mag Steel Industries?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abhishek Modi
|
Director | 05-Aug-2010 | Current |
|
Viswanathan Shanmugasundaram
|
Director | 05-Aug-2010 | Current |
Financial Performance of Mag Steel Industries.
Mag Steel Industries Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 17.8% decrease. The company also saw a substantial improvement in profitability, with a 16.52% increase in profit. The company's net worth moved up by a moderate rise of 5.88%.
- 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 Mag Steel Industries?
In 2022, Mag Steel Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
-
Mod Forge Private LimitedAbhishek Modi is a mutual person
-
Coromandal Forge Private LimitedAbhishek Modi and Viswanathan Shanmugasundaram are mutual person
-
Bhole Baba Traders Private LimitedAbhishek Modi is a mutual person
-
Super Credits Private Ltd
Abhishek Modi and Viswanathan Shanmugasundaram are mutual person
Charges (Loans)
₹17.50 Cr
₹0
Charges Breakdown by Lending Institutions
- Others : 10.00 Cr
- Tata Capital Financial Services Limited : 7.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Sep 2024 | Others | ₹10.00 Cr | Open |
| 29 Jan 2021 | Tata Capital Financial Services Limited | ₹6.00 Cr | Open |
| 03 Nov 2016 | Tata Capital Financial Services Limited | ₹1.50 Cr | Open |
How Many Employees Work at Mag Steel Industries?
Mag Steel Industries has a workforce of 58 employees as of Mar 29, 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 Mag Steel Industries, 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 Mag Steel Industries'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.
