Magna Wires Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 6.46 M
- Company Age 32 Year, 5 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 five 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
Who are the key members and board of directors at Magna Wires?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Yogesh Singh
|
Director | 31-May-2024 | Current |
|
Ajit Jain
|
Director | 31-May-2024 | Current |
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%.
- 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 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.
Related Corporates (Common Directorship)
-
Skyward Rolling & Alloys LimitedYogesh Singh is a mutual person
-
V R Insulations Pvt Ltd
Yogesh Singh is a mutual person
Charges (Loans)
₹30.06 Cr
₹12.46 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 22.16 Cr
- Hdfc Bank Limited : 7.90 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2024 | Axis Bank Limited | ₹22.16 Cr | Open |
| 21 Dec 2011 | Hdfc Bank Limited | ₹7.90 Cr | Open |
| 18 Jan 2000 | State Bank Of India | ₹11.31 Cr | Satisfied |
| 21 Apr 1997 | State Bank Of India | ₹1.15 Cr | Satisfied |
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.
Deals i
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
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.
