Modern Cotton Yarn Spinners Profile
Key Indicators
- Authorised Capital ₹ 3.05 Cr
- Paid Up Capital ₹ 3.05 Cr
- Company Age 19 Year, 5 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 five 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
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- 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
Who are the key members and board of directors at Modern Cotton Yarn Spinners?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashok Kinra  | Director | 01-Aug-2006 | Current |
| Nagaraju Srirama | Director | 06-May-2013 | Current |
| Vidya Shukla | Director | 24-Oct-2019 | Current |
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%.
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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.
Related Corporates (Common Directorship)
Indica Travels And Tours Private LimitedAshok Kinra is a mutual person
J.K. Fenner (India) LimitedNagaraju Srirama is a mutual person
The Sirpur Paper Mills LtdNagaraju Srirama is a mutual person
Pushpawati Singhania Hospital & Research InstituteAshok Kinra is a mutual person
3Dinnovations Private LimitedAshok Kinra is a mutual person
Bengal & Assam Company LimitedAshok Kinra is a mutual person
Charges (Loans)
₹0
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2011 | Bank Of Bahrain & Kuwait B.S.C | ₹6.58 Cr | Satisfied |
| 29 Oct 2007 | Canara Bank | ₹13.50 Cr | Satisfied |
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.
Deals i
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
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.
