Katare Spinning Mills Limited

Manufactures and trades cotton yarn, operates a hotel and engages in solar power generation.

1980 | Solapur, Maharashtra (India) | Active
Last Updated:

Katare Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 2.85 Cr
  • Company Age 44 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 20.11 Cr
  • Revenue Growth -70.17%
  • Profit Growth -119.09%
  • Ebitda 84.78%
  • Net Worth -4.48%
  • Total Assets -4.31%

About Katare Spinning Mills

Katare Spinning Mills Limited (KSML) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 August 1980 and has a history of 44 years and seven months. Its registered office is in Solapur, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 502933.

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 2024. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 2.85 Cr.

The company has closed loans amounting to ₹20.11 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Katare Spinning Mills Limited India are Kamal Katare as CFO and Bhagyashree Rawani as Company Secretary. Kishore Katare, Yadgiri Konda, Umakant Mahindrakar, and Two other members serve as directors at the Company.

Company Details

  • Location

    Solapur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17119PN1980PLC022962

  • Company No.

    022962

  • Stock Symbol

    BSE : 502933

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Aug 1980

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Pune

Industry

Environment
Travel and Hospitality
Manufacturing

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

Executive Team (3)

NameDesignationAppointment DateStatus
Kishore Katare Country flag representing In Managing Director08-Aug-1980Current
Kamal Katare Country flag representing In CFO11-Apr-2019Current
Bhagyashree Rawani Company Secretary10-Nov-2022Current

Board Members (4)

NameDesignationAppointment DateStatus
Yadgiri Konda Country flag representing In Director 30-Apr-2024Current
Umakant Mahindrakar Country flag representing In Director 12-Aug-2006Current
Vilas Shendge Country flag representing In Director 11-Apr-2019Current
Vidyavati Katare Country flag representing In Director 28-Feb-2015Current

Financial Performance of Katare Spinning Mills.

Katare Spinning Mills Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 70.17% decrease. The company also saw a substantial fall in profitability, with a 119.09% decrease in profit. The company's net worth dipped by a decrease of 4.48%.

Katare Spinning Mills revenue growth over time
Katare 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
-70.17%
Revenue from Operations
104.31%
Total Assets
-4.31%
Profit or Loss
-119.09%
Net Worth
-4.48%
EBITDA
84.78%

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

In 2022, Katare Spinning Mills had a promoter holding of 47.73% and a public holding of 52.28%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹20.11 Cr

Charges Breakdown by Lending Institutions

  • Bank Of India : 15.11 Cr
  • The Industrial Credit And Ivestment : 5.00 Cr

Latest Charge Details

DateLenderAmountStatus
24 Sep 2013Bank Of India₹9.00 CrSatisfied
30 Mar 2009Bank Of India₹6.11 CrSatisfied
14 Aug 1997The Industrial Credit And Ivestment₹5.00 CrSatisfied

How Many Employees Work at Katare Spinning Mills?

Katare Spinning Mills has a workforce of 41 employees as of Apr 06, 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 Katare Spinning Mills Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

    Katare Spinning Mills Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Director Appointment

    Yadgiri Narayan Konda was appointed as a Director was appointed as a Director on 30 Apr 2024 & has been associated with this company since 11 months .

  • Balance Sheet

    Katare Spinning Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

  • Director Appointment

    Bhagyashree Rawani was appointed as a Company Secretary was appointed as a Company Secretary on 10 Nov 2022 & has been associated with this company since 2 years 4 months .

  • Charges

    A charge registered on 24 Sep 2013 via Charge ID 10455075 with Bank Of India was fully satisfied on 12 Oct 2021.

  • Charges

    A charge registered on 30 Mar 2009 via Charge ID 10158069 with Bank Of India was fully satisfied on 12 Oct 2021.

Frequently asked questions

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

    Katare Spinning Mills Limited was incorporated on 08 Aug 1980.

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

    The authorized share capital of Katare Spinning Mills Limited is ₹ 6.00 Cr and paid-up capital is ₹ 2.85 Cr.

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

    Currently 7 directors are associated with Katare Spinning Mills Limited.

    • Kishore Tippanna Katare
    • Yadgiri Narayan Konda
    • Umakant Mahadevrao Mahindrakar
    • Kamal Kishore Katare
    • Bhagyashree Rawani
    • Vilas Ramakant Shendge
    • Vidyavati Kishore Katare

  • What is the registered address of Katare Spinning Mills Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Katare Spinning Mills Limited is 14/30 Ground Floor B Wing Katare Complex Gandhinagar, Bl. No. 10 India, Solapur, Maharashtra, 413006.

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

    The corporate identification number (CIN) of Katare Spinning Mills Limited is L17119PN1980PLC022962 and the company number is 022962 as per Ministry of Corporate Affairs (MCA).

  • Is Katare Spinning Mills Limited registered with any stock exchange in India?

    Yes, Katare Spinning Mills Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Katare Spinning Mills Limited?

    The Official website of Katare Spinning Mills Limited is https://www.katarespinningmillslimited.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Katare Spinning Mills Limited has fallen by -70.17%.

  • How many employees does Katare Spinning Mills Limited currently have?

    As Per 2023 financial reports, 41 employees are currently employed by Katare Spinning Mills Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Katare Spinning Mills Limited has experienced an downturn of -4.48%.

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

    The most recent Balance Sheet for Katare Spinning Mills Limited was filed with the ROC on 31 Mar 2024.

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