Mountain Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
as on 03-01-2025
- Paid Up Capital ₹ 3.62 Cr
as on 03-01-2025
- Company Age 34 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 222.17 Cr
as on 03-01-2025
- Revenue 4.96%
(FY 2022)
- Profit -22.73%
(FY 2022)
- Ebitda -44.37%
(FY 2022)
- Net Worth -9.89%
(FY 2022)
- Total Assets -19.28%
(FY 2022)
About Mountain Spinning Mills
The Corporate was formerly known as Mountain Spinning Private Limited. 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 2024. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 3.62 Cr.
The company has closed loans amounting to ₹222.17 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Vettivel Subathra, Subaschandrabose Palanimuthu, Vijaykumar Deepalakshmi, and One other member serve as directors at the Company.
- CIN/LLPIN
U80100TN1990PLC018779
- Company No.
018779
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
23 Feb 1990
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Tuticorin, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Mountain Spinning Mills?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vettivel Subathra  | Director | 08-Sep-1999 | Current |
| Subaschandrabose Palanimuthu | Director | 03-Feb-2024 | Current |
| Vijaykumar Deepalakshmi | Director | 14-Feb-2023 | Current |
| Amarnath Vijayalakshmi | Director | 06-May-2019 | Current |
Financial Performance of Mountain Spinning Mills.
Mountain Spinning Mills Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 4.96% increase. The company also saw a substantial fall in profitability, with a 22.73% decrease in profit. The company's net worth dipped by a decrease of 9.89%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mountain Spinning Mills?
In 2021, Mountain Spinning Mills had a promoter holding of 58.97% and a public holding of 41.03%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Hydrocarbon Project Engineers LimitedActive 19 years 3 monthsVettivel Subathra and Subaschandrabose Palanimuthu are mutual person
Charges (Loans)
₹0
₹222.17 Cr
Charges Breakdown by Lending Institutions
- Indian Bank : 138.24 Cr
- The Karur Vysya Bank Limited : 46.27 Cr
- Tamilnad Mercantile Bank Limited : 21.90 Cr
- The Karur Vysya Bank Ltd : 8.67 Cr
- Tnmb : 3.00 Cr
- Others : 4.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Aug 2014 | The Karur Vysya Bank Limited | ₹31.65 Cr | Satisfied |
| 12 Apr 2014 | The Karur Vysya Bank Limited | ₹2.00 Cr | Satisfied |
| 11 Mar 2013 | The Karur Vysya Bank Limited | ₹1.50 Cr | Satisfied |
| 27 Nov 2012 | The Karur Vysya Bank Limited | ₹1.10 Cr | Satisfied |
| 20 Oct 2008 | Indian Bank | ₹1.50 Cr | Satisfied |
How Many Employees Work at Mountain Spinning Mills?
Mountain Spinning Mills has a workforce of 3 employees as of Apr 04, 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 Mountain 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 Mountain Spinning Mills'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.
