Golden Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 3.00 Cr
- Company Age 43 Year, 11 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 43 years and 11 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
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Location
Salem, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
- Email Address
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Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U17111TZ1981PTC001017
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Company No.
001017
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
24 Feb 1981
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Coimbatore
Industry
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
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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%.
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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)
₹16.55 Cr
₹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.
