Kandagiri Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.85 Cr
- Company Age 48 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 19.99 Cr
- Satisfied Charges ₹ 368.73 Cr
- Revenue Growth -22.35%
- Profit Growth 455.70%
- Ebitda 10.40%
- Net Worth 24.58%
- Total Assets 8.01%
About Kandagiri Spinning Mills
Kandagiri Spinning Mills Limited (KSML) is a Public Limited Indian Non-Government Company incorporated in India on 05 May 1976 and has a history of 48 years and nine months. Its registered office is in Salem, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 521242.
The Corporate was formerly known as The Ammapet Sizing Mills Private 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 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 3.85 Cr.
The company currently has active open charges totaling ₹19.99 Cr. The company has closed loans amounting to ₹368.73 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Kandagiri Spinning Mills Limited India are Asifa J as COMPANY SECRETARY and S Shankar as Cfo. Selvarajan Rathinam, Devarajan Sambandam, Subramaniam Gnanashekaran, and Three other members 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
L17111TZ1976PLC000762
- Company No.
000762
- Stock Symbol
BSE : 521242
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
05 May 1976
- Date of AGM
11 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Kandagiri Spinning Mills?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Selvarajan Rathinam  | Managing Director | 01-Apr-2005 | Current |
| Asifa J | Company Secretary | 14-Feb-2014 | Current |
| S Shankar | CFO | 01-Oct-2015 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Devarajan Sambandam | Director | 28-Jun-2006 | Current |
| Subramaniam Gnanashekaran | Director | 14-Feb-2014 | Current |
| Sarayu | Director | 28-Sep-2014 | Current |
| Somasundaram Elangovan | Director | 18-Jun-2020 | Current |
| Sigamani Sivakumar | Additional Director | 12-Mar-2024 | Current |
Financial Performance of Kandagiri Spinning Mills.
Kandagiri Spinning Mills Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 22.35% decrease. The company also saw a substantial improvement in profitability, with a 455.7% increase in profit. The company's net worth Soared by an impressive increase of 24.58%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Kandagiri Spinning Mills?
In 2023, Kandagiri Spinning Mills had a promoter holding of 64.93% and a public holding of 35.07%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sambandam Siva Textiles Private LimitedSelvarajan Rathinam and Devarajan Sambandam are mutual person
- Sambandam Fabrics Private Limited
Selvarajan Rathinam and Devarajan Sambandam are mutual person
- Sambandam Spinning Mills Limited
Devarajan Sambandam is a mutual person
Spmm Health Care Services Private LimitedSelvarajan Rathinam and Devarajan Sambandam are mutual person
- Yercaud Brookland Estates Llp
Sigamani Sivakumar is a mutual person
- Yercaud Brookland Valley Llp
Sigamani Sivakumar is a mutual person
Charges (Loans)
₹19.99 Cr
₹368.73 Cr
Charges Breakdown by Lending Institutions
- Others : 19.99 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Mar 2020 | Others | ₹19.99 Cr | Open |
| 31 Dec 2014 | Karnataka Bank Ltd. | ₹5.00 Cr | Satisfied |
| 28 Jun 2014 | Karnataka Bank Ltd. | ₹20.00 Cr | Satisfied |
| 02 Jan 2014 | Karnataka Bank Limited | ₹2.00 Cr | Satisfied |
| 03 Apr 2013 | Axis Bank Limited | ₹2.60 Cr | Satisfied |
How Many Employees Work at Kandagiri Spinning Mills?
Kandagiri Spinning Mills has a workforce of 168 employees as of Apr 01, 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 Kandagiri 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 Kandagiri 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.
