Bannari Amman Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 75.00 Cr
- Paid Up Capital ₹ 32.42 Cr
- Company Age 35 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 837.48 Cr
- Satisfied Charges ₹ 912.20 Cr
- Revenue Growth -14.80%
- Profit Growth -171.52%
- Ebitda -84.54%
- Net Worth -8.60%
- Total Assets 7.38%
About Bannari Amman Spinning Mills
Bannari Amman Spinning Mills Limited (BASML) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 July 1989 and has a history of 35 years and seven months. Its registered office is in Coimbatore, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532674 and on the National Stock Exchange(NSE) under BASML.
The Corporate was formerly known as Shiva Textiles (Cbt) Ltd. The Company is engaged in the Environment 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 75.00 Cr and a paid-up capital of Rs 32.42 Cr.
The company currently has active open charges totaling ₹837.48 Cr. The company has closed loans amounting to ₹912.20 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Bannari Amman Spinning Mills Limited India are S Seshadri as CFO and Krishnaraj N as Company Secretary. Sangampalayam Arumugam, Chellamuthu Sivasamy, Sennimalai Palaniswami, 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
Industry
What products or services does Bannari Amman Spinning Mills Limited offer?
Bannari Amman Spinning Mills Limited offers a wide range of products and services, including Home Decor & Furnishing Fabrics, Home Textile, Readymade Garments, Windmills & Wind Turbines, Apparel & Textile Machinery, Spinning Machinery, Fabric, Plain Weave.
Who are the key members and board of directors at Bannari Amman Spinning Mills?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sangampalayam Arumugam  | Managing Director | 16-May-1993 | Current |
| S Seshadri | CFO | 27-Jun-2018 | Current |
| Krishnaraj N | Company Secretary | 03-Aug-2007 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Chellamuthu Sivasamy | Director | 28-Jun-2023 | Current |
| Sennimalai Palaniswami | Director | 26-May-2008 | Current |
| Kugalur Ramasamy | Director | 26-May-2008 | Current |
| Kulandai Sadhasivam | Director | 22-Aug-2006 | Current |
| Shanmugavelayutham Sihamani | Director | 01-Sep-2014 | Current |
Financial Performance of Bannari Amman Spinning Mills.
Bannari Amman Spinning Mills Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 14.8% decrease. The company also saw a substantial fall in profitability, with a 171.52% decrease in profit. The company's net worth dipped by a decrease of 8.6%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Bannari Amman Spinning Mills?
In 2023, Bannari Amman Spinning Mills had a promoter holding of 55.33% and a public holding of 44.67%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Shiva Automobiles Private LimitedChellamuthu Sivasamy is a mutual person
Shiva Cargo Movers Private LimitedChellamuthu Sivasamy is a mutual person
Bannari Amman Automobiles Private LimitedChellamuthu Sivasamy is a mutual person
Anamallais Motors Private LimitedSangampalayam Arumugam is a mutual person
Charges (Loans)
₹837.48 Cr
₹912.20 Cr
Charges Breakdown by Lending Institutions
- Others : 786.99 Cr
- State Industries Promotion Corporation Of Tamilnadu (Sipcot) : 26.16 Cr
- Indian Overseas Bank : 24.33 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2023 | Others | ₹44.41 Cr | Open |
| 16 Mar 2023 | Indian Overseas Bank | ₹24.33 Cr | Open |
| 02 Mar 2023 | Others | ₹12.21 Cr | Open |
| 23 Nov 2022 | Others | ₹27.87 Cr | Open |
| 22 Aug 2022 | Others | ₹15.73 Cr | Open |
How Many Employees Work at Bannari Amman Spinning Mills?
Bannari Amman Spinning Mills has a workforce of 4590 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 Bannari Amman 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 Bannari Amman 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.
