Modern Cotton Yarn Spinners Limited

Trading cotton yarn and transmission belts since 2005 in Madurai, Tamil Nadu.

2005 | Madurai, Tamil Nadu (India) | Active
Last Updated:

Modern Cotton Yarn Spinners Profile

Key Indicators

  • Authorised Capital ₹ 3.05 Cr
  • Paid Up Capital ₹ 3.05 Cr
  • Company Age 19 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 20.08 Cr
  • Revenue Growth -27.45%
  • Profit Growth -53.99%
  • Ebitda -62.21%
  • Net Worth 22.02%
  • Total Assets -40.20%

About Modern Cotton Yarn Spinners

Modern Cotton Yarn Spinners Limited (MCYSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 August 2005 and has a history of 19 years and six months. Its registered office is in Madurai, Tamil Nadu, India.

The Company is engaged in the Home & Lifestyle 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 3.05 Cr and a paid-up capital of Rs 3.05 Cr.

The company has closed loans amounting to ₹20.08 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Ashok Kinra, Nagaraju Srirama, and Vidya Shukla serve as directors at the Company.

Company Details

  • Location

    Madurai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17111TN2005PLC057274

  • Company No.

    057274

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Aug 2005

  • Date of AGM

    12 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Home & Lifestyle
Machinery and Equipment

Who are the key members and board of directors at Modern Cotton Yarn Spinners?

Board Members (3)

NameDesignationAppointment DateStatus
Ashok Kinra Country flag representing In Director 01-Aug-2006Current
Nagaraju Srirama Country flag representing In Director 06-May-2013Current
Vidya Shukla Country flag representing In Director 24-Oct-2019Current

Financial Performance of Modern Cotton Yarn Spinners.

Modern Cotton Yarn Spinners Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 27.45% decrease. The company also saw a substantial fall in profitability, with a 53.99% decrease in profit. The company's net worth Soared by an impressive increase of 22.02%.

Modern Cotton Yarn Spinners revenue growth over time
Modern Cotton Yarn 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
-27.45%
Revenue from Operations
-27.72%
Total Assets
-40.20%
Profit or Loss
-53.99%
Net Worth
22.02%
EBITDA
-62.21%

What is the Ownership and Shareholding Structure of Modern Cotton Yarn Spinners?

In 2023, Modern Cotton Yarn Spinners had a promoter holding of 100.00%. 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

₹20.08 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 13.50 Cr
  • Bank Of Bahrain & Kuwait B.S.C : 6.58 Cr

Latest Charge Details

DateLenderAmountStatus
20 Jun 2011Bank Of Bahrain & Kuwait B.S.C₹6.58 CrSatisfied
29 Oct 2007Canara Bank₹13.50 CrSatisfied

How Many Employees Work at Modern Cotton Yarn Spinners?

Unlock and access historical data on people associated with Modern Cotton Yarn Spinners, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Modern Cotton Yarn Spinners Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Modern Cotton Yarn 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 Modern Cotton Yarn 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 Modern Cotton Yarn Spinners

Recent activity within the organization

  • Charges

    A charge registered on 29 Oct 2007 via Charge ID 10078619 with Canara Bank was fully satisfied on 17 Aug 2024.

  • Annual General Meeting

    Modern Cotton Yarn Spinners Limited last Annual general meeting of members was held on 12 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Modern Cotton Yarn Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge registered on 20 Jun 2011 via Charge ID 10300598 with Bank Of Bahrain & Kuwait B.S.C was fully satisfied on 24 Sep 2020.

  • Director Appointment

    Vidya Charan Shukla was appointed as a Director was appointed as a Director on 24 Oct 2019 & has been associated with this company since 5 years 4 months .

  • Charges

    A charge with Canara Bank of Rs. 13.50 Cr registered on 29 Oct 2007 with Charge ID 10078619 was modified on 26 Jul 2014.

Frequently asked questions

  • What is the Incorporation or founding date of Modern Cotton Yarn Spinners Limited?

    Modern Cotton Yarn Spinners Limited was incorporated on 24 Aug 2005.

  • What is authorized share capital and paid-up capital of Modern Cotton Yarn Spinners Limited?

    The authorized share capital of Modern Cotton Yarn Spinners Limited is ₹ 3.05 Cr and paid-up capital is ₹ 3.05 Cr.

  • Who are the current board members & directors of Modern Cotton Yarn Spinners Limited?

    Currently 3 directors are associated with Modern Cotton Yarn Spinners Limited.

    • Ashok Kumar Kinra
    • Nagaraju Srirama
    • Vidya Charan Shukla

  • What is the registered address of Modern Cotton Yarn Spinners Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Modern Cotton Yarn Spinners Limited is 3, -Melakkal Road India, Madurai, Tamil Nadu, 625016.

  • What is the corporate identification number (CIN) and company number of Modern Cotton Yarn Spinners Limited?

    The corporate identification number (CIN) of Modern Cotton Yarn Spinners Limited is U17111TN2005PLC057274 and the company number is 057274 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Modern Cotton Yarn Spinners Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Modern Cotton Yarn Spinners Limited has fallen by -27.45%.

  • What change has been observed in the net worth of Modern Cotton Yarn Spinners Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Modern Cotton Yarn Spinners Limited has experienced an upsurge of 22.02%.

  • When was the last Balance Sheet of Modern Cotton Yarn Spinners Limited filed with the ROC?

    The most recent Balance Sheet for Modern Cotton Yarn Spinners Limited was filed with the ROC on 31 Mar 2024.

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