Cheran Spinning Mills Private Limited

Textile company processing cotton yarns with mills and wind power in Tamil Nadu.

1989 | Tirupur, Tamil Nadu (India) | Active
Last Updated:

Cheran Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 1.80 Cr
  • Paid Up Capital ₹ 6.80 M
  • Company Age 35 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 69.53 Cr
  • Satisfied Charges ₹ 29.68 Cr
  • Revenue Growth -28.47%
  • Profit Growth -104.81%
  • Ebitda -59.66%
  • Net Worth -0.92%
  • Total Assets 2.18%

About Cheran Spinning Mills

Cheran Spinning Mills Private Limited (CSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 November 1989 and has a history of 35 years and three months. Its registered office is in Tirupur, Tamil Nadu, India.

The Corporate was formerly known as Cheran Spinning Mills Limited. 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 1.80 Cr and a paid-up capital of Rs 6.80 M.

The company currently has active open charges totaling ₹69.53 Cr. The company has closed loans amounting to ₹29.68 Cr, as per Ministry of Corporate Affairs (MCA) records.

Anand and Mamarathupalayam Palanisamy serve as directors at the Company.

Company Details

  • Location

    Tirupur, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17111TZ1989PTC004015

  • Company No.

    004015

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    16 Nov 1989

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Environment
Manufacturing

Who are the key members and board of directors at Cheran Spinning Mills?

Executive Team (1)

NameDesignationAppointment DateStatus
Mamarathupalayam Palanisamy Country flag representing In Managing Director18-Mar-1993Current

Board Members (1)

NameDesignationAppointment DateStatus
Anand Country flag representing In Whole-Time Director 10-Aug-2015Current

Financial Performance of Cheran Spinning Mills.

Cheran Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 28.47% decrease. The company also saw a substantial fall in profitability, with a 104.81% decrease in profit. The company's net worth dipped by a decrease of 0.92%.

Cheran Spinning Mills revenue growth over time
Cheran Spinning Mills 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
-28.47%
Revenue from Operations
-28.36%
Total Assets
2.18%
Profit or Loss
-104.81%
Net Worth
-0.92%
EBITDA
-59.66%

What is the Ownership and Shareholding Structure of Cheran Spinning Mills?

In 2023, Cheran Spinning Mills had a promoter holding of 9.19% and a public holding of 90.81%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹69.53 Cr

Satisfied Charges

₹29.68 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 52.60 Cr
  • Hdfc Bank Limited : 16.93 Cr

Latest Charge Details

DateLenderAmountStatus
07 Jan 2022Hdfc Bank Limited₹9.00 CrOpen
27 Jan 2020Hdfc Bank Limited₹7.93 CrOpen
24 Mar 2016State Bank Of India₹52.60 CrOpen
11 Jan 2007Hdfc Bank Limited₹4.00 CrSatisfied
06 Feb 2006Indusind Bank Limited₹4.00 CrSatisfied

How Many Employees Work at Cheran Spinning Mills?

Cheran Spinning Mills has a workforce of 286 employees as of Mar 29, 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.

Employee growth trends for Cheran Spinning Mills Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Cheran 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 Cheran Spinning Mills'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 Cheran Spinning Mills

Recent activity within the organization

  • Annual General Meeting

    Cheran Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge with State Bank Of India of Rs. 52.60 Cr registered on 24 Mar 2016 with Charge ID 100020450 was modified on 24 Apr 2023.

  • Balance Sheet

    Cheran Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 9.00 Cr registered on 07 Jan 2022 with Charge ID 100528941 was modified on 04 May 2022.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 7.93 Cr registered on 27 Jan 2020 with Charge ID 100324268 was modified on 04 May 2022.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 9.00 Cr with Charge ID 100528941 was registered on 07 Jan 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Cheran Spinning Mills Private Limited?

    Cheran Spinning Mills Private Limited was incorporated on 16 Nov 1989.

  • What is authorized share capital and paid-up capital of Cheran Spinning Mills Private Limited?

    The authorized share capital of Cheran Spinning Mills Private Limited is ₹ 1.80 Cr and paid-up capital is ₹ 6.80 M.

  • Who are the current board members & directors of Cheran Spinning Mills Private Limited?

    Currently 2 directors are associated with Cheran Spinning Mills Private Limited.

    • Anand
    • Mamarathupalayam Karuppannan Palanisamy

  • What is the registered address of Cheran Spinning Mills Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Cheran Spinning Mills Private Limited is No.5 Church Street Bungalow Stop Avinashi Road, Tirupur, Tamil Nadu, India, 641603.

  • What is the corporate identification number (CIN) and company number of Cheran Spinning Mills Private Limited?

    The corporate identification number (CIN) of Cheran Spinning Mills Private Limited is U17111TZ1989PTC004015 and the company number is 004015 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Cheran Spinning Mills Private Limited?

    The Official website of Cheran Spinning Mills Private Limited is https://www.cheranmills.com

  • What has been the recent revenue trend for Cheran Spinning Mills Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Cheran Spinning Mills Private Limited has fallen by -28.47%.

  • How many employees does Cheran Spinning Mills Private Limited currently have?

    As Per 2023 financial reports, 286 employees are currently employed by Cheran Spinning Mills Private Limited.

  • What change has been observed in the net worth of Cheran Spinning Mills Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Cheran Spinning Mills Private Limited has experienced an downturn of -0.92%.

  • What are the total open charges for Cheran Spinning Mills Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Cheran Spinning Mills Private Limited amount to ₹ 69.53 Cr.

  • When was the last Balance Sheet of Cheran Spinning Mills Private Limited filed with the ROC?

    The most recent Balance Sheet for Cheran Spinning Mills Private Limited was filed with the ROC on 31 Mar 2023.

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