Magnarc Electrodes Profile
Key Indicators
- Authorised Capital ₹ 4.00 M
as on 25-07-2024
- Paid Up Capital ₹ 4.00 M
as on 25-07-2024
- Company Age 42 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 6.60 Cr
as on 25-07-2024
- Satisfied Charges ₹ 4.91 M
as on 25-07-2024
- Revenue -1.64%
(FY 2023)
- Profit 5.12%
(FY 2023)
- Ebitda -43.90%
(FY 2023)
- Net Worth 59.51%
(FY 2023)
- Total Assets 13.36%
(FY 2023)
About Magnarc Electrodes
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 4.00 M and a paid-up capital of Rs 4.00 M.
The company currently has active open charges totaling ₹6.60 Cr. The company has closed loans amounting to ₹4.91 M, as per Ministry of Corporate Affairs (MCA) records.
Rajasekhar Chintamaneni and Ramadevi Chintamaneni serve as directors at the Company.
- CIN/LLPIN
U29309AP1982PTC003535
- Company No.
003535
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
17 Jun 1982
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Company Details
- Location
Andhra Pradesh, Andhra Pradesh, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Magnarc Electrodes Pvt Ltd offer?
Magnarc Electrodes Pvt Ltd offers a wide range of products and services, including Welding, Rods, Electrodes & Wires, Welding Electrodes.
Who are the key members and board of directors at Magnarc Electrodes?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajasekhar Chintamaneni  | Whole-Time Director | 08-Apr-2003 | Current |
| Ramadevi Chintamaneni | Whole-Time Director | 01-Sep-2007 | Current |
Financial Performance of Magnarc Electrodes.
Magnarc Electrodes Pvt Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 1.64% decrease. The company also saw a slight improvement in profitability, with a 5.12% increase in profit. The company's net worth Soared by an impressive increase of 59.51%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (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 Magnarc Electrodes?
In 2023, Magnarc Electrodes 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)
Magnarc Electrodes & Wires Private LimitedActive 7 years 10 monthsRamadevi Chintamaneni is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 28 Oct 2022 | ₹1.50 Cr | Open |
Hdfc Bank Limited Creation Date: 26 Nov 2020 | ₹4.07 M | Open |
Canara Bank Creation Date: 01 Jun 2018 | ₹0.90 M | Open |
How Many Employees Work at Magnarc Electrodes?
Magnarc Electrodes has a workforce of 11 employees as of Apr 05, 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 Magnarc Electrodes, 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 Magnarc Electrodes'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.
