Mg Metallic Springs Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 4.32 M
- Company Age 51 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 67.51 Cr
- Satisfied Charges ₹ 2.42 Cr
- Revenue Growth 11.39%
- Profit Growth 62.60%
- Ebitda 12328.23%
- Net Worth 2.86%
- Total Assets 4.28%
About Mg Metallic Springs
Mg Metallic Springs Pvt Ltd (MMSPL) was founded in India on 01 December 1973 and has a glorious history of 51 years and five months.Its registered office is in Andhra Pradesh, Andhra Pradesh.
The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 4.32 M.
The company currently has active open charges totaling ₹67.51 Cr. The company has closed loans amounting to ₹2.42 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ramanna Gangadhar, Satish Machani, Ravi Machani, and One other member serve as directors at the Company.
Company Details
- Location Andhra Pradesh, Andhra Pradesh
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U28991AP1973PTC001666
- Company No.
001666
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
01 Dec 1973
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Machinery and Equipment
What products or services does Mg Metallic Springs Pvt Ltd offer?
Mg Metallic Springs Pvt Ltd offers a wide range of products and services, including Air Springs & Compression Springs, Torsion Springs, Extension Springs, Tension Springs, Compression Springs, Double Torsion Springs, Steel Wire, Spring Steel Wire.
Mg Metallic Springs Pvt Ltd
Explore comprehensive data for Mg Metallic Springs Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Mg Metallic Springs?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Satish Machani  | Managing Director | 20-Oct-1998 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramanna Gangadhar | Director | 28-Sep-1987 | Current |
Ravi Machani  | Director | 14-Jul-2004 | Current |
| Machani Ganganna | Director | 23-Sep-1988 | Current |
Financial Performance of Mg Metallic Springs.
Mg Metallic Springs Pvt Ltd, for the financial year ended 2021, experienced significant growth in revenue, with a 11.39% increase. The company also saw a substantial improvement in profitability, with a 62.6% increase in profit. The company's net worth moved up by a moderate rise of 2.86%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mg Metallic Springs?
In 2022, Mg Metallic Springs 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)
Ramesh Sunwire Private LimitedSatish Machani is a mutual person
Next Defence Private LimitedRavi Machani is a mutual person
Machani Robotics Private LimitedRavi Machani is a mutual person
M.G.Brothers Industries Private LimitedRamanna Gangadhar and Machani Ganganna are mutual person
Machani Ramesh City Lights Private LimitedSatish Machani and Ravi Machani are mutual person
Charges (Loans)
Open Charges
₹67.51 Cr
Satisfied Charges
₹2.42 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 38.25 Cr
- Tata Capital Financial Services Limited : 18.00 Cr
- Others : 11.26 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Oct 2023 | Canara Bank | ₹9.00 M | Open |
| 20 Sep 2023 | Canara Bank | ₹27.00 Cr | Open |
| 26 Jul 2023 | Tata Capital Financial Services Limited | ₹18.00 Cr | Open |
| 19 Dec 2016 | Others | ₹11.26 Cr | Open |
| 28 Sep 2007 | Canara Bank | ₹1.53 M | Open |
How Many Employees Work at Mg Metallic Springs?
Unlock and access historical data on people associated with Mg Metallic Springs, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mg Metallic Springs, 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 Mg Metallic Springs'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.
Latest Updates, News, and FAQs on Mg Metallic Springs
Recent activity within the organization
- Annual General Meeting
Mg Metallic Springs Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Mg Metallic Springs Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
- Charges
A charge with Canara Bank amounted to Rs. 0.90 Cr with Charge ID 100821506 was registered on 31 Oct 2023.
- Charges
A charge with Canara Bank amounted to Rs. 27.00 Cr with Charge ID 100784519 was registered on 20 Sep 2023.
- Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 18.00 Cr with Charge ID 100780129 was registered on 26 Jul 2023.
- Charges
A charge with Others of Rs. 11.26 Cr registered on 19 Dec 2016 with Charge ID 100071534 was modified on 19 Feb 2018.
Frequently asked questions
What is the Incorporation or founding date of Mg Metallic Springs Pvt Ltd?
Mg Metallic Springs Pvt Ltd was incorporated on 01 Dec 1973.
What is authorized share capital and paid-up capital of Mg Metallic Springs Pvt Ltd?
The authorized share capital of Mg Metallic Springs Pvt Ltd is ₹ 1.00 Cr and paid-up capital is ₹ 4.32 M.
Who are the current board members & directors of Mg Metallic Springs Pvt Ltd?
Currently 4 directors are associated with Mg Metallic Springs Pvt Ltd.
- Ramanna Machani Gangadhar
- Satish Ramesh Machani
- Ravi Ramesh Machani
- Machani Ramanna Ganganna
What is the registered address of Mg Metallic Springs Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Mg Metallic Springs Pvt Ltd is Premises Of M.G. Brothersbellary Road, Anantapur India, Andhra Pradesh.
What is the corporate identification number (CIN) and company number of Mg Metallic Springs Pvt Ltd?
The corporate identification number (CIN) of Mg Metallic Springs Pvt Ltd is U28991AP1973PTC001666 and the company number is 001666 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mg Metallic Springs Pvt Ltd?
The Official website of Mg Metallic Springs Pvt Ltd is https://www.mgmsprings.com
What has been the recent revenue trend for Mg Metallic Springs Pvt Ltd?
According to the financial reports for the fiscal year 2021, the revenue trend for Mg Metallic Springs Pvt Ltd has risen by 11.39%.
What change has been observed in the net worth of Mg Metallic Springs Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Mg Metallic Springs Pvt Ltd has experienced an upsurge of 2.86%.
What are the total open charges for Mg Metallic Springs Pvt Ltd?
As per the financial statements for fiscal Year 2021, The total open charges for Mg Metallic Springs Pvt Ltd amount to ₹ 67.51 Cr.
When was the last Balance Sheet of Mg Metallic Springs Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Mg Metallic Springs Pvt Ltd was filed with the ROC on 31 Mar 2024.
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