Magal Engineering Co India Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 9.74 M
- Company Age 25 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 8.86 M
- Satisfied Charges ₹ 2.69 Cr
- Revenue Growth -50.88%
- Profit Growth 182.55%
- Ebitda 334.84%
- Net Worth 44.84%
- Total Assets 51.13%
About Magal Engineering Co India
Magal Engineering Co India Private Limited (MECIPL) is a Private Limited Indian Non-Government Company incorporated in India on 01 September 1999 and has a history of 25 years and five months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Magal Lvd India 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 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 9.74 M.
The company currently has active open charges totaling ₹8.86 M. The company has closed loans amounting to ₹2.69 Cr, as per Ministry of Corporate Affairs (MCA) records.
Magal Rao and Sheila Rao serve as directors at the Company.
Company Details
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Location
Bangaluru, Karnataka, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U02922KA1999PTC025662
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Company No.
025662
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
01 Sep 1999
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
What products or services does Magal Engineering Co India Private Limited offer?
Magal Engineering Co India Private Limited offers a wide range of products and services, including Telecommunications Equipment, Intercom System, Speciality Chemicals, Power Press, High Speed Presses, Hydraulic Press, Hydraulic Ironworker, Metal Cutting Machines, Plasma Cutting Machine, Punching Tools.
Who are the key members and board of directors at Magal Engineering Co India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Magal Rao
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Managing Director | 01-Sep-1999 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Sheila Rao
|
Director | 01-Sep-1999 | Current |
Financial Performance of Magal Engineering Co India.
Magal Engineering Co India Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 50.88% decrease. The company also saw a substantial improvement in profitability, with a 182.55% increase in profit. The company's net worth Soared by an impressive increase of 44.84%.
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What is the Ownership and Shareholding Structure of Magal Engineering Co India?
In 2021, Magal Engineering Co India 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)
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Magal Healthcare Private LimitedMagal Rao is a mutual person
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Deratech Machines India Private LimitedMagal Rao is a mutual person
Charges (Loans)
₹0.89 Cr
₹2.69 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 0.89 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2021 | Hdfc Bank Limited | ₹0.86 M | Open |
| 23 Jul 2014 | Hdfc Bank Limited | ₹8.00 M | Open |
| 30 Mar 2013 | Intec Capital Limited | ₹7.00 M | Satisfied |
| 10 Aug 2011 | Hdfc Bank Limited | ₹9.50 M | Satisfied |
| 10 Sep 2009 | Indian Bank | ₹5.00 M | Satisfied |
How Many Employees Work at Magal Engineering Co India?
Magal Engineering Co India has a workforce of 7 employees as of Mar 23, 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 Magal Engineering Co India, 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 Magal Engineering Co India'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.
