Microtek Grinding Machines Profile
Key Indicators
- Authorised Capital ₹ 4.50 M
- Paid Up Capital ₹ 4.50 M
- Company Age 27 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.86 Cr
- Revenue Growth -25.91%
- Profit Growth -2.04%
- Ebitda -0.95%
- Net Worth 9.68%
- Total Assets -0.97%
About Microtek Grinding Machines
Microtek Grinding Machines Private Limited (MGMPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 December 1997 and has a history of 27 years and one month. Its registered office is in Bangalore, Karnataka, 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 2023. It's a company limited by shares with an authorized capital of Rs 4.50 M and a paid-up capital of Rs 4.50 M.
The company currently has active open charges totaling ₹4.86 Cr.
Kunchala Reddy and Kunchala Latha serve as directors at the Company.
Company Details
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Location
Bangalore, Karnataka, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U27320KA1997PTC023152
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Company No.
023152
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
12 Dec 1997
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Microtek Grinding Machines?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kunchala Reddy
|
Managing Director | 12-Dec-1997 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Kunchala Latha
|
Whole-Time Director | 18-Jan-2003 | Current |
Financial Performance of Microtek Grinding Machines.
Microtek Grinding Machines Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 25.91% decrease. The company also saw a slight decrease in profitability, with a 2.04% decrease in profit. The company's net worth moved up by a moderate rise of 9.68%.
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What is the Ownership and Shareholding Structure of Microtek Grinding Machines?
In 2023, Microtek Grinding Machines 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)
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Praapti Machine Tools Private LimitedKunchala Reddy is a mutual person
Charges (Loans)
₹48.57 M
₹0
Charges Breakdown by Lending Institutions
- Karnataka State Financial Corporation : 2.75 Cr
- Others : 1.60 Cr
- Vijaya Bank : 0.51 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Apr 2020 | Others | ₹1.00 M | Open |
| 07 Mar 2020 | Karnataka State Financial Corporation | ₹2.75 Cr | Open |
| 27 Apr 2018 | Vijaya Bank | ₹3.20 M | Open |
| 14 Mar 2012 | Vijaya Bank | ₹1.87 M | Open |
| 12 Apr 2006 | Others | ₹1.50 Cr | Open |
How Many Employees Work at Microtek Grinding Machines?
Microtek Grinding Machines has a workforce of 12 employees as of Mar 30, 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 Microtek Grinding Machines, 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 Microtek Grinding Machines'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.
