Salzer Magnet Wires Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 13.40 Cr
- Company Age 16 Year, 5 Months
- Last Filing with ROC 31 Mar 2019
- Satisfied Charges ₹ 41.30 Cr
- Revenue Growth -97.84%
- Profit Growth -93.14%
- Ebitda -100.68%
- Net Worth -1.22%
- Total Assets -3.06%
About Salzer Magnet Wires
Salzer Magnet Wires Limited (SMWL) is a Public Limited Indian Non-Government Company incorporated in India on 08 September 2008 and has a history of 16 years and five months. Its registered office is in Coimbatore, Tamil Nadu, 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 2019. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 13.40 Cr.
The company has closed loans amounting to ₹41.30 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Salzer Magnet Wires Limited India is Dasappan Govindaraj as CFO. Venkatapathy, Narayanaswamy Jayabal, Rajeshkumar Doraiswamy, and Three other members serve as directors at the Company.
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U31300TZ2008PLC014746
- Company No.
014746
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Sep 2008
- Date of AGM
28 Sep 2019
- Date of Balance Sheet
31 Mar 2019
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Salzer Magnet Wires?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Dasappan Govindaraj  | CFO | 01-Mar-2019 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rajeshkumar Doraiswamy | Director | 08-Sep-2008 | Current |
| Venkatapathy | Director | 24-Mar-2015 | Current |
| Narayanaswamy Jayabal | Director | 24-Mar-2015 | Current |
| Perumalreddiar Ramachandran | Director | 03-Sep-2016 | Current |
| Doraiswamy Rangaswamy | Director | 08-Sep-2008 | Current |
Financial Performance of Salzer Magnet Wires.
Salzer Magnet Wires Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 97.84% decrease. The company also saw a substantial fall in profitability, with a 93.14% decrease in profit. The company's net worth dipped by a decrease of 1.22%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Salzer Magnet Wires?
In 2019, Salzer Magnet Wires had a promoter holding of 33.53% and a public holding of 66.47%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Salzer Electronics LimitedRajeshkumar Doraiswamy and Doraiswamy Rangaswamy are mutual person
K R Health Care Private LimitedRajeshkumar Doraiswamy and Doraiswamy Rangaswamy are mutual person
Salzer Exports LimitedNarayanaswamy Jayabal, Rajeshkumar Doraiswamy and 1 more are mutual person
- Salzer Securities Holdings Limited
Perumalreddiar Ramachandran and Doraiswamy Rangaswamy are mutual person
Salzer Spinners LimitedDasappan Govindaraj and Doraiswamy Rangaswamy are mutual person
Kaycee Industries LimitedRajeshkumar Doraiswamy and Doraiswamy Rangaswamy are mutual person
Charges (Loans)
₹0
₹41.30 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 23.00 Cr
- Bank Of India Limited : 18.30 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jul 2017 | Axis Bank Limited | ₹23.00 Cr | Satisfied |
| 15 Jun 2009 | Bank Of India Limited | ₹18.30 Cr | Satisfied |
How Many Employees Work at Salzer Magnet Wires?
Salzer Magnet Wires has a workforce of 23 employees as of Apr 03, 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 Salzer Magnet Wires, 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 Salzer Magnet Wires'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.
