Balu Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 42.14 Cr
- Company Age 30 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 375.91 Cr
- Revenue Growth -86.74%
- Profit Growth 54.67%
- Ebitda 129.85%
- Net Worth -42.20%
- Total Assets -31.47%
About Balu Spinning Mills
Balu Spinning Mills Private Limited (BSMPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 May 1994 and has a history of 30 years and ten 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 2024. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 42.14 Cr.
The company has closed loans amounting to ₹375.91 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Balasubramaniam Rajalakshmi, Balasubramaniam Roopa, and Balasubramaniam Eashwar 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
U17111TZ1994PTC005050
- Company No.
005050
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 May 1994
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Manufacturing
What products or services does Balu Spinning Mills Private Limited offer?
Balu Spinning Mills Private Limited offers a wide range of products and services, including Yarns & Threads, Cotton Yarn.
Who are the key members and board of directors at Balu Spinning Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Balasubramaniam Rajalakshmi  | Managing Director | 05-May-1994 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Balasubramaniam Roopa | Director | 05-May-1994 | Current |
| Balasubramaniam Eashwar | Additional Director | 16-Sep-2013 | Current |
Financial Performance of Balu Spinning Mills.
Balu Spinning Mills Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 86.74% decrease. The company also saw a substantial improvement in profitability, with a 54.67% increase in profit. The company's net worth observed a substantial decline by a decrease of 42.2%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Balu Spinning Mills?
In 2020, Balu Spinning Mills had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Balasubramaniam Rajalakshmi and Balasubramaniam Eashwar are mutual person
- Aarrwin Textile Apparel Private Limited
Balasubramaniam Eashwar is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹375.91 Cr
Charges Breakdown by Lending Institutions
- Punjab National Bank : 159.60 Cr
- State Bank Of India : 105.00 Cr
- Industrial Development Bank Of India Limited : 28.50 Cr
- Others : 28.00 Cr
- The Vysya Bank Limited : 20.31 Cr
- Others : 34.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jul 2020 | Others | ₹10.00 Cr | Satisfied |
| 29 Jun 2020 | Others | ₹18.00 Cr | Satisfied |
| 07 Feb 2014 | Canara Bank | ₹8.00 Cr | Satisfied |
| 07 Dec 2012 | Idbi Bank | ₹10.00 Cr | Satisfied |
| 29 Mar 2010 | Punjab National Bank | ₹97.80 Cr | Satisfied |
How Many Employees Work at Balu Spinning Mills?
Unlock and access historical data on people associated with Balu Spinning Mills, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Balu 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 Balu 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.
Latest Updates, News, and FAQs on Balu Spinning Mills
Recent activity within the organization
- Annual General Meeting
Balu Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Balu Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
- Charges
A charge registered on 23 Jul 2020 via Charge ID 100352854 with Others was fully satisfied on 11 Nov 2021.
- Charges
A charge registered on 29 Jun 2020 via Charge ID 100366211 with Others was fully satisfied on 09 Mar 2021.
- Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100352854 was registered on 23 Jul 2020.
- Charges
A charge registered on 21 May 2004 via Charge ID 90009216 with State Bank Of India was fully satisfied on 30 Jun 2020.
Frequently asked questions
What is the Incorporation or founding date of Balu Spinning Mills Private Limited?
Balu Spinning Mills Private Limited was incorporated on 05 May 1994.
What is authorized share capital and paid-up capital of Balu Spinning Mills Private Limited?
The authorized share capital of Balu Spinning Mills Private Limited is ₹ 50.00 Cr and paid-up capital is ₹ 42.14 Cr.
Who are the current board members & directors of Balu Spinning Mills Private Limited?
Currently 3 directors are associated with Balu Spinning Mills Private Limited.
- Balasubramaniam Rajalakshmi
- Balasubramaniam Roopa
- Balasubramaniam Rajalakshmi Arun Eashwar
What is the registered address of Balu Spinning Mills Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Balu Spinning Mills Private Limited is S F No 239/1 2 Palladam Road Kunnaangal Palayam Karaipudur Village Arulpuram Post India, Tirupur, Tamil Nadu, 641604.
What is the corporate identification number (CIN) and company number of Balu Spinning Mills Private Limited?
The corporate identification number (CIN) of Balu Spinning Mills Private Limited is U17111TZ1994PTC005050 and the company number is 005050 as per Ministry of Corporate Affairs (MCA).
What is the official website of Balu Spinning Mills Private Limited?
The Official website of Balu Spinning Mills Private Limited is https://www.balu.co.in
What has been the recent revenue trend for Balu Spinning Mills Private Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Balu Spinning Mills Private Limited has fallen by -86.74%.
What change has been observed in the net worth of Balu Spinning Mills Private Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Balu Spinning Mills Private Limited has experienced an downturn of -42.20%.
When was the last Balance Sheet of Balu Spinning Mills Private Limited filed with the ROC?
The most recent Balance Sheet for Balu Spinning Mills Private Limited was filed with the ROC on 31 Mar 2024.