Magnum Spinning Millss India Profile
Key Indicators
- Authorised Capital ₹ 30.00 Cr
as on 18-07-2024
- Paid Up Capital ₹ 25.96 Cr
as on 18-07-2024
- Company Age 14 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 75.10 Cr
as on 18-07-2024
- Satisfied Charges ₹ 35.34 Cr
as on 18-07-2024
- Revenue 3.50%
(FY 2023)
- Profit -82.91%
(FY 2023)
- Ebitda -40.85%
(FY 2023)
- Net Worth 2.15%
(FY 2023)
- Total Assets 13.94%
(FY 2023)
About Magnum Spinning Millss 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 2023. It's a company limited by shares with an authorized capital of Rs 30.00 Cr and a paid-up capital of Rs 25.96 Cr.
The company currently has active open charges totaling ₹75.10 Cr. The company has closed loans amounting to ₹35.34 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Magnum Spinning Millss India Private Limited India is Nikita Jain as COMPANY SECRETARY. Palanisamy Chandrasekaran, Ponnusamy Sathasivam, Alagappan Natesan, and Three other members serve as directors at the Company.
- CIN/LLPIN
U17111TZ2010PTC016477
- Company No.
016477
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
29 Oct 2010
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Sankari, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Magnum Spinning Millss India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nikita Jain | Company Secretary | 01-Aug-2021 | Current |
Board Members(6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Palanisamy Chandrasekaran  | Director | 15-Nov-2012 | Current |
| Ponnusamy Sathasivam | Director | 29-Oct-2010 | Current |
| Alagappan Natesan | Director | 29-Oct-2010 | Current |
| Ramasamy Karthikeyan | Director | 29-Oct-2010 | Current |
| Perumal Raju | Director | 29-Oct-2010 | Current |
| Manickam Parthiban | Director | 29-Oct-2010 | Current |
Financial Performance of Magnum Spinning Millss India.
Magnum Spinning Millss India Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 3.5% increase. The company also saw a substantial fall in profitability, with a 82.91% decrease in profit. The company's net worth moved up by a moderate rise of 2.15%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magnum Spinning Millss India?
In 2023, Magnum Spinning Millss 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)
Aswath Lakshmi Weaves Private LimitedActive 3 years 3 monthsPonnusamy Sathasivam and Alagappan Natesan are mutual person
- Aswath Lakshmi Energy Private LimitedActive 10 months 19 days
Ponnusamy Sathasivam and Alagappan Natesan are mutual person
- Tencot Textiles Private LimitedActive 3 years 9 months
Ramasamy Karthikeyan and Manickam Parthiban are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 25 Nov 2022 | ₹6.30 Cr | Open |
Canara Bank Creation Date: 26 Aug 2019 | ₹68.80 Cr | Open |
Others Creation Date: 16 May 2011 | ₹35.34 Cr | Satisfied |
How Many Employees Work at Magnum Spinning Millss India?
Magnum Spinning Millss India has a workforce of 61 employees as of Apr 09, 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 Magnum Spinning Millss 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 Magnum Spinning Millss 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.
