Akshara Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 1.10 Cr
as on 07-07-2024
- Paid Up Capital ₹ 1.05 Cr
as on 07-07-2024
- Company Age 12 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 212.38 Cr
as on 07-07-2024
- Satisfied Charges ₹ 21.38 Cr
as on 07-07-2024
- Revenue 10.64%
(FY 2023)
- Profit -177.07%
(FY 2023)
- Ebitda -60.79%
(FY 2023)
- Net Worth -10.88%
(FY 2023)
- Total Assets 2.67%
(FY 2023)
About Akshara Spinning Mills
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 2023. It's a company limited by shares with an authorized capital of Rs 1.10 Cr and a paid-up capital of Rs 1.05 Cr.
The company currently has active open charges totaling ₹212.38 Cr. The company has closed loans amounting to ₹21.38 Cr, as per Ministry of Corporate Affairs (MCA) records.
Krishnasamy Nimalan, Ramesh Umamaheshwari, Ramesh Krishnasamy, and One other member serve as directors at the Company.
- CIN/LLPIN
U17100TZ2012PTC018662
- Company No.
018662
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 Aug 2012
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Tirupur, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Akshara Spinning Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramesh Krishnasamy  | Managing Director | 20-Mar-2014 | Current |
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Krishnasamy Nimalan | Director | 22-Feb-2023 | Current |
| Ramesh Umamaheshwari | Director | 11-May-2016 | Current |
| Krishnasamy Niranjan | Director | 23-Jan-2023 | Current |
Financial Performance of Akshara Spinning Mills.
Akshara Spinning Mills Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.64% increase. The company also saw a substantial fall in profitability, with a 177.07% decrease in profit. The company's net worth observed a substantial decline by a decrease of 10.88%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Akshara Spinning Mills?
In 2023, Akshara Spinning Mills had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Akshara Garments Private LimitedActive 11 years 6 monthsRamesh Umamaheshwari and Ramesh Krishnasamy are mutual person
Adisankara Spinning Mills Private LimitedActive 29 years 9 monthsKrishnasamy Nimalan, Ramesh Umamaheshwari and 2 more are mutual person
- Knits And Weaves Private LimitedActive 11 years 5 months
Ramesh Umamaheshwari and Ramesh Krishnasamy are mutual person
- Nk Wind Farms (India) Private LimitedActive 11 years 6 months
Ramesh Umamaheshwari and Ramesh Krishnasamy are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 20 Jun 2022 | ₹16.50 Cr | Open |
Hdfc Bank Limited Creation Date: 30 Dec 2021 | ₹0.91 M | Open |
Hdfc Bank Limited Creation Date: 13 Dec 2021 | ₹3.50 Cr | Open |
How Many Employees Work at Akshara Spinning Mills?
Akshara Spinning Mills has a workforce of 418 employees as of Mar 21, 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 Akshara Spinning Mills, 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 Akshara Spinning Mills'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.
