Million Spinners Private Limited

Manufactures and sells cotton and blended yarn since 1994 in Coimbatore, Tamil Nadu.

1994 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Million Spinners Profile

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 5.49 M
  • Company Age 30 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 30.58 Cr
  • Revenue Growth -0.72%
  • Profit Growth -49.76%
  • Ebitda -254.80%
  • Net Worth 72.32%
  • Total Assets 2.23%

About Million Spinners

Million Spinners Private Limited (MSPL) is a Private Limited Indian Non-Government Company incorporated in India on 11 November 1994 and has a history of 30 years and four months. Its registered office is in Coimbatore, Tamil Nadu, India.

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 7.50 M and a paid-up capital of Rs 5.49 M.

The company has closed loans amounting to ₹30.58 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Narayanasamy Nandakumar, Nandhakumar Jayanthi, Selvapathy Venkataswamynaidu, and One other member serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17111TZ1994PTC005491

  • Company No.

    005491

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Nov 1994

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

Who are the key members and board of directors at Million Spinners?

Board Members (4)

NameDesignationAppointment DateStatus
Narayanasamy Nandakumar Country flag representing In Director 01-Mar-2021Current
Nandhakumar Jayanthi Country flag representing In Director 26-Nov-2016Current
Selvapathy Venkataswamynaidu Country flag representing In Director 30-Sep-2002Current
Aravind Selvapathy Country flag representing In Director 30-Sep-2002Current

Financial Performance of Million Spinners.

Million Spinners Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.72% decrease. The company also saw a substantial fall in profitability, with a 49.76% decrease in profit. The company's net worth Soared by an impressive increase of 72.32%.

Million Spinners revenue growth over time
Million Spinners 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
-0.72%
Revenue from Operations
Total Assets
2.23%
Profit or Loss
-49.76%
Net Worth
72.32%
EBITDA
-254.80%

What is the Ownership and Shareholding Structure of Million Spinners?

In 2023, Million Spinners had a promoter holding of 55.33% and a public holding of 44.67%. 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

₹305.79 M

Charges Breakdown by Lending Institutions

  • Karnataka Bank Ltd. : 17.94 Cr
  • Others : 12.40 Cr
  • Indian Bank : 0.24 Cr

Latest Charge Details

DateLenderAmountStatus
18 Nov 2021Others₹12.40 CrSatisfied
03 Oct 2001Karnataka Bank Ltd.₹17.94 CrSatisfied
10 Apr 2001Indian Bank₹2.40 MSatisfied

How Many Employees Work at Million Spinners?

Million Spinners has a workforce of 0 employees as of Apr 02, 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 Million Spinners Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Million Spinners, 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 Million Spinners'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 Million Spinners

Recent activity within the organization

  • Charges

    A charge registered on 18 Nov 2021 via Charge ID 100508624 with Others was fully satisfied on 21 Nov 2024.

  • Annual General Meeting

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

  • Balance Sheet

    Million Spinners Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Charges

    A charge with Others of Rs. 124.02 M registered on 18 Nov 2021 with Charge ID 100508624 was modified on 19 Mar 2022.

  • Charges

    A charge registered on 03 Oct 2001 via Charge ID 90003789 with Karnataka Bank Ltd. was fully satisfied on 14 Feb 2022.

  • Charges

    A charge with Others amounted to Rs. 124.02 M with Charge ID 100508624 was registered on 18 Nov 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Million Spinners Private Limited?

    Million Spinners Private Limited was incorporated on 11 Nov 1994.

  • What is authorized share capital and paid-up capital of Million Spinners Private Limited?

    The authorized share capital of Million Spinners Private Limited is ₹ 7.50 M and paid-up capital is ₹ 5.49 M.

  • Who are the current board members & directors of Million Spinners Private Limited?

    Currently 4 directors are associated with Million Spinners Private Limited.

    • Narayanasamy Nandakumar
    • Nandhakumar Jayanthi
    • Selvapathy Venkataswamynaidu
    • Aravind Selvapathy

  • What is the registered address of Million Spinners Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Million Spinners Private Limited is 264/1B Chinna Veerampatti Pukkulam Udumalpet Taluk India, Coimbatore District, Tamil Nadu, 642126.

  • What is the corporate identification number (CIN) and company number of Million Spinners Private Limited?

    The corporate identification number (CIN) of Million Spinners Private Limited is U17111TZ1994PTC005491 and the company number is 005491 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Million Spinners Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Million Spinners Private Limited has fallen by -0.72%.

  • What change has been observed in the net worth of Million Spinners Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Million Spinners Private Limited has experienced an upsurge of 72.32%.

  • When was the last Balance Sheet of Million Spinners Private Limited filed with the ROC?

    The most recent Balance Sheet for Million Spinners Private Limited was filed with the ROC on 31 Mar 2023.