Mgk Bearings Limited

Manufactures bearings, gears, and printer cartridges. Offers various types of bearings. Established in 1991.

1991 | Delhi (India) | Active
Last Updated: December 23, 2024

Mgk Bearings Profile

Key Indicators

  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 0.92 M
  • Company Age 33 Year, 10 Months
  • Last Filing with ROC 31 Mar 2020
  • Open Charges ₹ 2.20 Cr
  • Revenue Growth -1.11%
  • Profit Growth -11.44%
  • Ebitda -9.60%
  • Net Worth 2.26%
  • Total Assets 9.74%

About Mgk Bearings

Mgk Bearings Limited (MBL) is a Public Limited Indian Non-Government Company incorporated in India on 18 March 1991 and has a history of 33 years and ten months. Its registered office is in Delhi, India.

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 2020. It's a company limited by shares with an authorized capital of Rs 1.50 M and a paid-up capital of Rs 0.92 M.

The company currently has active open charges totaling ₹2.20 Cr.

Kawaljit Chandhok, Gursharn Kohli, and Syed Hussain serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74999DL1991PLC043526

  • Company No.

    043526

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    18 Mar 1991

  • Date of AGM

    31 Dec 2020

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Machinery and Equipment

Who are the key members and board of directors at Mgk Bearings?

Executive Team (1)

Name Designation Appointment Date Status
Kawaljit Chandhok Country flag representing In Managing Director 18-Mar-1991 Current

Board Members (2)

Name Designation Appointment Date Status
Gursharn Kohli Country flag representing In Director 20-Oct-2010 Current
Syed Hussain Country flag representing In Director 20-Oct-2010 Current

Financial Performance of Mgk Bearings.

Mgk Bearings Limited, for the financial year ended 2015, experienced Minor drop in revenue, with a 1.11% decrease. The company also saw a substantial fall in profitability, with a 11.44% decrease in profit. The company's net worth moved up by a moderate rise of 2.26%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
-1.11%
Revenue from Operations
-0.66%
Total Assets
9.74%
Profit or Loss
-11.44%
Net Worth
2.26%
EBITDA
-9.60%

What is the Ownership and Shareholding Structure of Mgk Bearings?

In 2017, Mgk Bearings had a promoter holding of 99.46% and a public holding of 0.54%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹22.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Punjab And Sind Bank : 1.70 Cr
  • Punjab & Sind Bank : 0.45 Cr
  • Panjab & Sind Bank : 0.05 Cr

Latest Charge Details

Date Lender Amount Status
24 Apr 2007 Punjab And Sind Bank ₹1.70 Cr Open
25 Sep 2004 Punjab & Sind Bank ₹3.50 M Open
25 Sep 2004 Punjab & Sind Bank ₹1.00 M Open
18 Aug 2003 Panjab & Sind Bank ₹0.50 M Open

How Many Employees Work at Mgk Bearings?

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

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mgk Bearings, 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 Mgk Bearings's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Mgk Bearings

Recent activity within the organization

  • Annual General Meeting

    Mgk Bearings Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.

    31 Dec 2020

  • Balance Sheet

    Mgk Bearings Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Delhi.

    31 Mar 2020

  • Director Appointment

    Gursharn Singh Kohli was appointed as a Director was appointed as a Director on 20 Oct 2010 & has been associated with this company since 14 years 3 months .

    20 Oct 2010

  • Director Appointment

    Syed Mumtaz Hussain was appointed as a Director was appointed as a Director on 20 Oct 2010 & has been associated with this company since 14 years 3 months .

    20 Oct 2010

  • Charges

    A charge with Punjab & Sind Bank of Rs. 3.50 M registered on 25 Sep 2004 with Charge ID 80045048 was modified on 17 Apr 2008.

    17 Apr 2008

  • Charges

    A charge with Punjab & Sind Bank of Rs. 1.00 M registered on 25 Sep 2004 with Charge ID 90063247 was modified on 17 Apr 2008.

    17 Apr 2008

Frequently asked questions

  • Mgk Bearings Limited was incorporated on 18 Mar 1991.

  • The authorized share capital of Mgk Bearings Limited is ₹ 1.50 M and paid-up capital is ₹ 0.92 M.

  • Currently 3 directors are associated with Mgk Bearings Limited.

    • Kawaljit Singh Chandhok
    • Gursharn Singh Kohli
    • Syed Mumtaz Hussain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mgk Bearings Limited is Room No-1 Second Floor G-9/1, Lawrence Road Indl Area India, New Delhi, 110035.

  • The corporate identification number (CIN) of Mgk Bearings Limited is U74999DL1991PLC043526 and the company number is 043526 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2015, the revenue trend for Mgk Bearings Limited has fallen by -1.11%.

  • The financial reports for the fiscal year 2015 indicates that The net worth of Mgk Bearings Limited has experienced an upsurge of 2.26%.

  • As per the financial statements for fiscal Year 2015, The total open charges for Mgk Bearings Limited amount to ₹ 2.20 Cr.

  • The most recent Balance Sheet for Mgk Bearings Limited was filed with the ROC on 31 Mar 2020.

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