Magna Wires Pvt Ltd

Manufactures wires since 1992 with registered office in Jalandhar, Punjab.

1992 | Jalandhar, Punjab (India) | Active
Last Updated:

Magna Wires Profile

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 6.46 M
  • Company Age 32 Year, 7 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 30.06 Cr
  • Satisfied Charges ₹ 12.46 Cr
  • Revenue Growth 33.41%
  • Profit Growth -5.33%
  • Ebitda -88.57%
  • Net Worth 6.42%
  • Total Assets -30.49%

About Magna Wires

Magna Wires Pvt Ltd (MWPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 August 1992 and has a history of 32 years and seven months. Its registered office is in Jalandhar, Punjab, India.

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 2022. It's a company limited by shares with an authorized capital of Rs 1.50 Cr and a paid-up capital of Rs 6.46 M.

The company currently has active open charges totaling ₹30.06 Cr. The company has closed loans amounting to ₹12.46 Cr, as per Ministry of Corporate Affairs (MCA) records.

Yogesh Singh and Ajit Jain serve as directors at the Company.

Company Details

  • Location

    Jalandhar, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27201PB1992PTC012557

  • Company No.

    012557

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Aug 1992

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing
Company report

Magna Wires Pvt Ltd

Explore comprehensive data for Magna Wires Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Magna Wires?

Board Members (2)

NameDesignationAppointment DateStatus
Yogesh Singh Country flag representing In Director 31-May-2024Current
Ajit Jain Country flag representing In Director 31-May-2024Current

Financial Performance of Magna Wires.

Magna Wires Pvt Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 33.41% increase. The company also saw a slight decrease in profitability, with a 5.33% decrease in profit. The company's net worth moved up by a moderate rise of 6.42%.

Magna Wires revenue growth over time
Magna Wires profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
33.41%
Revenue from Operations
31.68%
Total Assets
-30.49%
Profit or Loss
-5.33%
Net Worth
6.42%
EBITDA
-88.57%

What is the Ownership and Shareholding Structure of Magna Wires?

In 2022, Magna Wires had a promoter holding of 99.86% and a public holding of 0.14%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹30.06 Cr

Satisfied Charges

₹12.46 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 22.16 Cr
  • Hdfc Bank Limited : 7.90 Cr

Latest Charge Details

DateLenderAmountStatus
20 Jun 2024Axis Bank Limited₹22.16 CrOpen
21 Dec 2011Hdfc Bank Limited₹7.90 CrOpen
18 Jan 2000State Bank Of India₹11.31 CrSatisfied
21 Apr 1997State Bank Of India₹1.15 CrSatisfied

How Many Employees Work at Magna Wires?

Magna Wires has a workforce of 13 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.

Employee growth trends for Magna Wires Pvt Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magna Wires, 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 Magna Wires's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Magna Wires

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 22.16 Cr with Charge ID 100951268 was registered on 20 Jun 2024.

  • Director Appointment

    Yogesh Singh was appointed as a Director was appointed as a Director on 31 May 2024 & has been associated with this company since 10 months 24 days .

  • Director Appointment

    Ajit Kumar Jain was appointed as a Director was appointed as a Director on 31 May 2024 & has been associated with this company since 10 months 24 days .

  • Annual General Meeting

    Magna Wires Pvt Ltd last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

  • Balance Sheet

    Magna Wires Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Chandigarh.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 7.90 Cr registered on 21 Dec 2011 with Charge ID 10325913 was modified on 09 Feb 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Magna Wires Pvt Ltd?

    Magna Wires Pvt Ltd was incorporated on 25 Aug 1992.

  • What is authorized share capital and paid-up capital of Magna Wires Pvt Ltd?

    The authorized share capital of Magna Wires Pvt Ltd is ₹ 1.50 Cr and paid-up capital is ₹ 6.46 M.

  • Who are the current board members & directors of Magna Wires Pvt Ltd?

    Currently 2 directors are associated with Magna Wires Pvt Ltd.

    • Yogesh Singh
    • Ajit Kumar Jain

  • What is the registered address of Magna Wires Pvt Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magna Wires Pvt Ltd is C/119 Industrialfocal Point Extension Jalandhar India, Punjab, 144004.

  • What is the corporate identification number (CIN) and company number of Magna Wires Pvt Ltd?

    The corporate identification number (CIN) of Magna Wires Pvt Ltd is U27201PB1992PTC012557 and the company number is 012557 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Magna Wires Pvt Ltd?

    According to the financial reports for the fiscal year 2022, the revenue trend for Magna Wires Pvt Ltd has risen by 33.41%.

  • How many employees does Magna Wires Pvt Ltd currently have?

    As Per 2022 financial reports, 13 employees are currently employed by Magna Wires Pvt Ltd.

  • What change has been observed in the net worth of Magna Wires Pvt Ltd, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Magna Wires Pvt Ltd has experienced an upsurge of 6.42%.

  • What are the total open charges for Magna Wires Pvt Ltd?

    As per the financial statements for fiscal Year 2022, The total open charges for Magna Wires Pvt Ltd amount to ₹ 30.06 Cr.

  • When was the last Balance Sheet of Magna Wires Pvt Ltd filed with the ROC?

    The most recent Balance Sheet for Magna Wires Pvt Ltd was filed with the ROC on 31 Mar 2022.

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