Golden Spinning Mills Private Limited
Produces cotton yarn through Golden Spinning Mills Private Limited.
1981 | Salem, Tamil Nadu (India) | Active
Golden Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 3.00 Cr
- Company Age 44 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 16.55 Cr
- Satisfied Charges ₹ 17.95 Cr
- Revenue Growth -32.05%
- Profit Growth -394.86%
- Ebitda -125.19%
- Net Worth -55.43%
- Total Assets -18.34%
About Golden Spinning Mills
Golden Spinning Mills Private Limited (GSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 February 1981 and has a history of 44 years and two months. Its registered office is in Salem, Tamil Nadu, India.
The Corporate was formerly known as Golden Spinning Mills Limited. 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 3.00 Cr and a paid-up capital of Rs 3.00 Cr.
The company currently has active open charges totaling ₹16.55 Cr. The company has closed loans amounting to ₹17.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
Palaniappan Gunasekaran and Palaniappan Sundaram serve as directors at the Company.
Company Details
- Location
Salem, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17111TZ1981PTC001017
- Company No.
001017
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Feb 1981
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Manufacturing
Golden Spinning Mills Private Limited
Explore comprehensive data for Golden Spinning Mills Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Golden Spinning Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Palaniappan Sundaram  | Managing Director | 02-Sep-1982 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Palaniappan Gunasekaran | Director | 01-Feb-1984 | Current |
Financial Performance of Golden Spinning Mills.
Golden Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 32.05% decrease. The company also saw a substantial fall in profitability, with a 394.86% decrease in profit. The company's net worth observed a substantial decline by a decrease of 55.43%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Golden Spinning Mills?
In 2023, Golden Spinning Mills had a promoter holding of 74.35% and a public holding of 25.65%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹16.55 Cr
Satisfied Charges
₹17.95 Cr
Charges Breakdown by Lending Institutions
- Others : 16.49 Cr
- The Lakshmi Vilas Bank Ltd. : 0.06 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Apr 2024 | Others | ₹4.10 Cr | Open |
| 28 Dec 2021 | Others | ₹9.00 M | Open |
| 11 Mar 2021 | Others | ₹1.20 M | Open |
| 11 Jun 2020 | Others | ₹1.50 Cr | Open |
| 21 Aug 2019 | Others | ₹4.00 M | Open |
How Many Employees Work at Golden Spinning Mills?
Golden Spinning Mills has a workforce of 88 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Golden 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 Golden 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 Golden Spinning Mills
Recent activity within the organization
- Annual General Meeting
Golden Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 4.10 Cr with Charge ID 100957098 was registered on 12 Apr 2024.
- Balance Sheet
Golden 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 20 Jan 2015 via Charge ID 10551279 with The Karur Vysya Bank Limited was fully satisfied on 07 Aug 2023.
- Charges
A charge registered on 01 Feb 2014 via Charge ID 10475511 with Reliance Capital Ltd was fully satisfied on 21 Mar 2022.
- Charges
A charge with Others of Rs. 0.90 Cr registered on 28 Dec 2021 with Charge ID 100539189 was modified on 17 Mar 2022.
Frequently asked questions
What is the Incorporation or founding date of Golden Spinning Mills Private Limited?
Golden Spinning Mills Private Limited was incorporated on 24 Feb 1981.
What is authorized share capital and paid-up capital of Golden Spinning Mills Private Limited?
The authorized share capital of Golden Spinning Mills Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 3.00 Cr.
Who are the current board members & directors of Golden Spinning Mills Private Limited?
Currently 2 directors are associated with Golden Spinning Mills Private Limited.
- Palaniappan Gunasekaran
- Palaniappan Sundaram
What is the registered address of Golden Spinning Mills Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Golden Spinning Mills Private Limited is 73/415, 1 St Agraharam Floor India, Salem, Tamil Nadu, 636001.
What is the corporate identification number (CIN) and company number of Golden Spinning Mills Private Limited?
The corporate identification number (CIN) of Golden Spinning Mills Private Limited is U17111TZ1981PTC001017 and the company number is 001017 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Golden Spinning Mills Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Golden Spinning Mills Private Limited has fallen by -32.05%.
How many employees does Golden Spinning Mills Private Limited currently have?
As Per 2023 financial reports, 88 employees are currently employed by Golden Spinning Mills Private Limited.
What change has been observed in the net worth of Golden Spinning Mills Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Golden Spinning Mills Private Limited has experienced an downturn of -55.43%.
What are the total open charges for Golden Spinning Mills Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Golden Spinning Mills Private Limited amount to ₹ 16.55 Cr.
When was the last Balance Sheet of Golden Spinning Mills Private Limited filed with the ROC?
The most recent Balance Sheet for Golden Spinning Mills Private Limited was filed with the ROC on 31 Mar 2024.
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