Magnarc Electrodes & Wires Private Limited

Magnarc Electrodes & Wires Private Limited

Manufactures and sells welding electrodes, wires, and consumables on retail and wholesale basis.
2017 | Durg, Chattisgarh (India) | Active

Last Updated:

December 15, 2024
HomeCompanyMagnarc Electrodes & Wires Private Limited

Who are the key members and board of directors at Magnarc Electrodes & Wires?

Board Members(2)

NameDesignationAppointment DateStatus
Ramadevi Chintamaneni In Director 14-Mar-2017Current
Bimla Agrawal In Director 14-Mar-2017Current

Financial Performance of Magnarc Electrodes & Wires.

Magnarc Electrodes & Wires Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.69% increase. The company also saw a substantial fall in profitability, with a 16% decrease in profit. The company's net worth Soared by an impressive increase of 11.62%.

Revenue Growth Graph
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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
16.69%
Revenue from Operations
16.78%
Total Assets
48.34%
Profit or Loss
-16.00%
Net Worth
11.62%
EBITDA
-16.92%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges Satisfied Charges

₹4.10 Cr

₹4.12 Cr

LenderAmountStatus

Uco Bank

Creation Date: 26 Dec 2022
₹2.60 MOpen

Uco Bank

Creation Date: 26 Dec 2022
₹3.50 CrOpen

Uco Bank

Creation Date: 26 Dec 2022
₹3.37 MOpen

How Many Employees Work at Magnarc Electrodes & Wires?

Unlock and access historical data on people associated with Magnarc Electrodes & Wires, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Graph

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Latest Updates, News, and FAQs on Magnarc Electrodes & Wires

Recent activity within the organization

  • Annual General Meeting

    Magnarc Electrodes & Wires Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Magnarc Electrodes & Wires Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chhattisgarh.

    31 Mar 2024

  • Charges

    A charge registered on 08 Jun 2020 via Charge ID 100346718 with Others was fully satisfied on 09 Feb 2023.

    09 Feb 2023

  • Charges

    A charge registered on 05 Sep 2018 via Charge ID 100205123 with Others was fully satisfied on 09 Feb 2023.

    09 Feb 2023

  • Charges

    A charge with Uco Bank amounted to Rs. 0.26 Cr with Charge ID 100671773 was registered on 26 Dec 2022.

    26 Dec 2022

  • Charges

    A charge with Uco Bank amounted to Rs. 3.50 Cr with Charge ID 100672189 was registered on 26 Dec 2022.

    26 Dec 2022

Frequently asked questions

  • Magnarc Electrodes & Wires Private Limited was incorporated on 14 Mar 2017.

  • The authorized share capital of Magnarc Electrodes & Wires Private Limited is ₹ 1.64 Cr and paid-up capital is ₹ 1.46 Cr.

  • Currently 2 directors are associated with Magnarc Electrodes & Wires Private Limited.

    • Ramadevi Chintamaneni
    • Bimla Agrawal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magnarc Electrodes & Wires Private Limited is Plot No.41 Engineering Park Heavy Industrial Area Hathkhoj, India, Bhilai, Chattisgarh, 490020.

  • The corporate identification number (CIN) of Magnarc Electrodes & Wires Private Limited is U51909CT2017PTC007849 and the company number is 007849 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Magnarc Electrodes & Wires Private Limited has risen by 16.69%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Magnarc Electrodes & Wires Private Limited has experienced an upsurge of 11.62%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Magnarc Electrodes & Wires Private Limited amount to ₹ 4.10 Cr.

  • The most recent Balance Sheet for Magnarc Electrodes & Wires Private Limited was filed with the ROC on 31 Mar 2024.

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