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Magcore Lamination (India) Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.00 Cr
- Company Age 37 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 120.94 Cr
- Satisfied Charges ₹ 64.06 Cr
- Revenue Growth 10.21%
- Profit Growth 31.53%
- Ebitda -11.02%
- Net Worth 48.92%
- Total Assets 3.66%
About Magcore Lamination (India)
Magcore Lamination (India) Private Limited (MLIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 July 1987 and has a history of 37 years and six months. Its registered office is in Bangalore, Karnataka, India.
The Corporate was formerly known as Nagachandra Plasto Metals Private Limited. The Company is engaged in the Manufacturing 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 10.00 Cr and a paid-up capital of Rs 5.00 Cr.
The company currently has active open charges totaling ₹120.94 Cr. The company has closed loans amounting to ₹64.06 Cr, as per Ministry of Corporate Affairs (MCA) records.
Umadevi Bhansali, Pinky Bhansali, Vikram Bhansali, and One other member serve as directors at the Company.
Company Details
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Location
Bangalore, Karnataka, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U85110KA1987PTC008493
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Company No.
008493
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
17 Jul 1987
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
What products or services does Magcore Lamination (India) Private Limited offer?
Magcore Lamination (India) Private Limited offers a wide range of products and services, including Stamping Tools & Stamping Machine, Electrical Stampings, Automotive & Electrical Stampings, Motor Stampings, Transformers & Transformer Parts, Transformer Parts, Electric Motors and Components, Motor Parts, Transformer Cores.
Who are the key members and board of directors at Magcore Lamination (India)?
Board Members (4)
| Name | Designation | Appointment Date | Status |
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Pinky Bhansali
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Director | 20-Nov-2014 | Current |
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Umadevi Bhansali
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Director | 17-Jul-1987 | Current |
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Vikram Bhansali
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Director | 02-May-2006 | Current |
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Babulal Bhansali
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Director | 17-Jul-1987 | Current |
Financial Performance of Magcore Lamination (India).
Magcore Lamination (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.21% increase. The company also saw a substantial improvement in profitability, with a 31.53% increase in profit. The company's net worth Soared by an impressive increase of 48.92%.
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What is the Ownership and Shareholding Structure of Magcore Lamination (India)?
In 2023, Magcore Lamination (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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Magcore Infra (I) LlpUmadevi Bhansali, Pinky Bhansali and 2 more are mutual person
Charges (Loans)
₹120.94 Cr
₹64.06 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 62.90 Cr
- Hdfc Bank Limited : 41.17 Cr
- Tata Capital Financial Services Limited : 16.67 Cr
- Others : 0.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jan 2022 | Axis Bank Limited | ₹62.90 Cr | Open |
| 30 Dec 2021 | Tata Capital Financial Services Limited | ₹3.89 M | Open |
| 15 Jul 2021 | Tata Capital Financial Services Limited | ₹7.79 M | Open |
| 29 Jan 2021 | Hdfc Bank Limited | ₹40.96 Cr | Open |
| 29 Nov 2018 | Others | ₹1.95 M | Open |
How Many Employees Work at Magcore Lamination (India)?
Magcore Lamination (India) has a workforce of 60 employees as of Mar 28, 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 Magcore Lamination (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 Magcore Lamination (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.
