Monal Chains Limited

Manufacturer and exporter of various chains, slings, and industrial equipment, including hoisting and lifting products.

1981 | Boisar, Maharashtra (India) | Active
Last Updated: June 17, 2024

Monal Chains Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.05 Cr
  • Company Age 43 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 9.43 Cr
  • Satisfied Charges ₹ 16.47 Cr
  • Revenue Growth 4.11%
  • Profit Growth -0.07%
  • Ebitda 3.66%
  • Net Worth 7.48%
  • Total Assets 14.40%

About Monal Chains

Monal Chains Limited (MCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 April 1981 and has a history of 43 years and nine months. Its registered office is in Boisar, Maharashtra, India.

The Corporate was formerly known as Monal Foundries Private Limited. 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 2.00 Cr and a paid-up capital of Rs 1.05 Cr.

The company currently has active open charges totaling ₹9.43 Cr. The company has closed loans amounting to ₹16.47 Cr, as per Ministry of Corporate Affairs (MCA) records.

Umang Gupta, Manisha Gupta, Anujkumar Gupta, and One other member serve as directors at the Company.

Company Details

  • Location

    Boisar, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    monalchains.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27300MH1981PLC024278

  • Company No.

    024278

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    22 Apr 1981

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment

What products or services does Monal Chains Limited offer?

Monal Chains Limited offers a wide range of products and services, including Material Handling Machines & Systems, Lifting Equipment, Lifting Hooks, Chains & Clamps, Webbing and Lifting Slings, Metal Chain, Stainless Steel Heavy Duty Chain, Chain Slings, Hardware: Hooks & Mounts, Hanging Hooks, Lifting, Link and Drag Chains.

Who are the key members and board of directors at Monal Chains?

Board Members (4)

Name Designation Appointment Date Status
Anujkumar Gupta Country flag representing In Director 01-Apr-2005 Current
Umang Gupta Country flag representing In Director 27-Oct-2021 Current
Manisha Gupta Country flag representing In Director 07-Jan-2013 Current
Tarang Gupta Country flag representing In Director 13-Oct-2021 Current

Financial Performance of Monal Chains.

Monal Chains Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.11% increase. The company also saw a slight decrease in profitability, with a 0.07% decrease in profit. The company's net worth moved up by a moderate rise of 7.48%.

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
4.11%
Revenue from Operations
4.55%
Total Assets
14.40%
Profit or Loss
-0.07%
Net Worth
7.48%
EBITDA
3.66%

What is the Ownership and Shareholding Structure of Monal Chains?

In 2023, Monal Chains had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹9.43 Cr

Satisfied Charges

₹16.47 Cr

Charges Breakdown by Lending Institutions

  • Others : 9.42 Cr
  • State Bank Of India : 0.01 Cr

Latest Charge Details

Date Lender Amount Status
24 Aug 2023 Others ₹1.20 M Open
16 Nov 2022 Others ₹5.00 M Open
23 Sep 2020 Others ₹8.80 Cr Open
24 Jan 1989 State Bank Of India ₹0.06 M Open
17 Aug 2010 Corporation Bank ₹1.14 M Satisfied

How Many Employees Work at Monal Chains?

Monal Chains has a workforce of 34 employees as of Apr 04, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Monal Chains, 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 Monal Chains'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 Monal Chains

Recent activity within the organization

  • Annual General Meeting

    Monal Chains Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 0.12 Cr with Charge ID 100785108 was registered on 24 Aug 2023.

    24 Aug 2023

  • Balance Sheet

    Monal Chains Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100646801 was registered on 16 Nov 2022.

    16 Nov 2022

  • Charges

    A charge with Others of Rs. 8.80 Cr registered on 23 Sep 2020 with Charge ID 100372393 was modified on 16 Nov 2022.

    16 Nov 2022

  • Charges

    A charge registered on 30 Jun 1983 via Charge ID 90189023 with The Maharashtra State Financial Corporation was fully satisfied on 09 Feb 2022.

    09 Feb 2022

Frequently asked questions

  • Monal Chains Limited was incorporated on 22 Apr 1981.

  • The authorized share capital of Monal Chains Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.05 Cr.

  • Currently 4 directors are associated with Monal Chains Limited.

    • Umang Gupta
    • Manisha Gupta
    • Anujkumar Gupta
    • Tarang Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Monal Chains Limited is J-59 Midc Tarapur, Boisar, Maharashtra, India, 401506.

  • The corporate identification number (CIN) of Monal Chains Limited is U27300MH1981PLC024278 and the company number is 024278 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Monal Chains Limited is https://www.monalchains.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Monal Chains Limited has risen by 4.11%.

  • As Per 2023 financial reports, 34 employees are currently employed by Monal Chains Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Monal Chains Limited has experienced an upsurge of 7.48%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Monal Chains Limited amount to ₹ 9.43 Cr.

  • The most recent Balance Sheet for Monal Chains Limited was filed with the ROC on 31 Mar 2023.

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