Mountain Spinning Mills Limited

Textile manufacturing and trading company with a focus on spinning and weaving.

1990 | Tuticorin, Tamil Nadu (India) | Active
Last Updated:

Mountain Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 3.62 Cr
  • Company Age 35 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 222.17 Cr
  • Revenue Growth 4.96%
  • Profit Growth -22.73%
  • Ebitda -44.37%
  • Net Worth -9.89%
  • Total Assets -19.28%

About Mountain Spinning Mills

Mountain Spinning Mills Limited (MSML) is a Public Limited Indian Non-Government Company incorporated in India on 23 February 1990 and has a history of 35 years and two months. Its registered office is in Tuticorin, Tamil Nadu, India.

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.

Company Details

  • Location

    Tuticorin, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • 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

Manufacturing
Company report

Mountain Spinning Mills Limited

Explore comprehensive data for Mountain Spinning Mills Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Mountain Spinning Mills?

Board Members (4)

NameDesignationAppointment DateStatus
Vettivel Subathra Country flag representing In Director 08-Sep-1999Current
Subaschandrabose Palanimuthu Country flag representing In Director 03-Feb-2024Current
Vijaykumar Deepalakshmi Country flag representing In Director 14-Feb-2023Current
Amarnath Vijayalakshmi Country flag representing In Director 06-May-2019Current

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%.

Mountain Spinning Mills revenue growth over time
Mountain Spinning Mills 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
4.96%
Revenue from Operations
96.26%
Total Assets
-19.28%
Profit or Loss
-22.73%
Net Worth
-9.89%
EBITDA
-44.37%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹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

DateLenderAmountStatus
14 Aug 2014The Karur Vysya Bank Limited₹31.65 CrSatisfied
12 Apr 2014The Karur Vysya Bank Limited₹2.00 CrSatisfied
11 Mar 2013The Karur Vysya Bank Limited₹1.50 CrSatisfied
27 Nov 2012The Karur Vysya Bank Limited₹1.10 CrSatisfied
20 Oct 2008Indian Bank₹1.50 CrSatisfied

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.

Employee growth trends for Mountain Spinning Mills Limited

Deals i

Graph showing company valuation over time

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

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 Mountain Spinning Mills

Recent activity within the organization

  • Annual General Meeting

    Mountain Spinning Mills Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Mountain Spinning Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Director Appointment

    Subaschandrabose Muthuswamy Palanimuthu was appointed as a Director was appointed as a Director on 03 Feb 2024 & has been associated with this company since 1 year 3 months .

  • Director Appointment

    Vijaykumar Deepalakshmi was appointed as a Director was appointed as a Director on 14 Feb 2023 & has been associated with this company since 2 years 3 months .

  • Charges

    A charge registered on 14 Aug 2014 via Charge ID 10518592 with The Karur Vysya Bank Limited was fully satisfied on 08 Jul 2022.

  • Charges

    A charge registered on 11 Mar 2013 via Charge ID 10418833 with The Karur Vysya Bank Limited was fully satisfied on 08 Jul 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Mountain Spinning Mills Limited?

    Mountain Spinning Mills Limited was incorporated on 23 Feb 1990.

  • What is authorized share capital and paid-up capital of Mountain Spinning Mills Limited?

    The authorized share capital of Mountain Spinning Mills Limited is ₹ 10.00 Cr and paid-up capital is ₹ 3.62 Cr.

  • Who are the current board members & directors of Mountain Spinning Mills Limited?

    Currently 4 directors are associated with Mountain Spinning Mills Limited.

    • Vettivel Subathra
    • Subaschandrabose Muthuswamy Palanimuthu
    • Vijaykumar Deepalakshmi
    • Amarnath Vijayalakshmi

  • What is the registered address of Mountain Spinning Mills Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mountain Spinning Mills Limited is 97/1-A Kootundankadu, Mangalagiri(P.O.) Mangalagiri(P.O.) India, Tuticorin, Tamil Nadu, 628103.

  • What is the corporate identification number (CIN) and company number of Mountain Spinning Mills Limited?

    The corporate identification number (CIN) of Mountain Spinning Mills Limited is U80100TN1990PLC018779 and the company number is 018779 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mountain Spinning Mills Limited?

    The Official website of Mountain Spinning Mills Limited is https://www.msml.in

  • What has been the recent revenue trend for Mountain Spinning Mills Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Mountain Spinning Mills Limited has risen by 4.96%.

  • How many employees does Mountain Spinning Mills Limited currently have?

    As Per 2022 financial reports, 3 employees are currently employed by Mountain Spinning Mills Limited.

  • What change has been observed in the net worth of Mountain Spinning Mills Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Mountain Spinning Mills Limited has experienced an downturn of -9.89%.

  • When was the last Balance Sheet of Mountain Spinning Mills Limited filed with the ROC?

    The most recent Balance Sheet for Mountain Spinning Mills Limited was filed with the ROC on 31 Mar 2024.

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