Million Spinners Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 5.49 M
- Company Age 30 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 12.40 Cr
- Satisfied Charges ₹ 18.18 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 three months. Its registered office is in Coimbatore District, 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 currently has active open charges totaling ₹12.40 Cr. The company has closed loans amounting to ₹18.18 Cr, as per Ministry of Corporate Affairs (MCA) records.
Nandhakumar Jayanthi, Narayanasamy Nandakumar, Selvapathy Venkataswamynaidu, and One other member serve as directors at the Company.
Company Details
- Location
Coimbatore District, 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
Who are the key members and board of directors at Million Spinners?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nandhakumar Jayanthi  | Director | 26-Nov-2016 | Current |
| Narayanasamy Nandakumar | Director | 01-Mar-2021 | Current |
| Selvapathy Venkataswamynaidu | Director | 30-Sep-2002 | Current |
| Aravind Selvapathy | Director | 30-Sep-2002 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations | |||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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.
Related Corporates (Common Directorship)
- The Mettur-Fertiliser Company Private Limited
Nandhakumar Jayanthi and Narayanasamy Nandakumar are mutual person
- Pongalur Pioneer Textiles Private Limited
Selvapathy Venkataswamynaidu and Aravind Selvapathy are mutual person
- Selwind Industries Private Limited
Selvapathy Venkataswamynaidu and Aravind Selvapathy are mutual person
- Sri Visaka Textiles Private Limited
Selvapathy Venkataswamynaidu is a mutual person
Charges (Loans)
₹124.02 M
₹181.76 M
Charges Breakdown by Lending Institutions
- Others : 12.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Nov 2021 | Others | ₹12.40 Cr | Open |
| 03 Oct 2001 | Karnataka Bank Ltd. | ₹17.94 Cr | Satisfied |
| 10 Apr 2001 | Indian Bank | ₹2.40 M | Satisfied |
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.
Deals i
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
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.