Nachiar Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 4.91 Cr
as on 24-10-2024
- Paid Up Capital ₹ 4.91 Cr
as on 24-10-2024
- Company Age 37 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 31.18 Cr
as on 24-10-2024
- Satisfied Charges ₹ 38.03 Cr
as on 24-10-2024
- Revenue -2.38%
(FY 2023)
- Profit -71.80%
(FY 2023)
- Ebitda -8.40%
(FY 2023)
- Net Worth 1.83%
(FY 2023)
- Total Assets 24.25%
(FY 2023)
About Nachiar Spinning Mills
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 4.91 Cr and a paid-up capital of Rs 4.91 Cr.
The company currently has active open charges totaling ₹31.18 Cr. The company has closed loans amounting to ₹38.03 Cr, as per Ministry of Corporate Affairs (MCA) records.
Arumugaperumal Balsubramaniam and Balsubramaniam Jeyamani serve as directors at the Company.
- CIN/LLPIN
U17117TN1987PTC014580
- Company No.
014580
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Jun 1987
- Date of AGM
18 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Virudhunagar, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Nachiar Spinning Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arumugaperumal Balsubramaniam  | Managing Director | 19-Aug-1994 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Balsubramaniam Jeyamani | Director | 26-Jun-1987 | Current |
Financial Performance of Nachiar Spinning Mills.
Nachiar Spinning Mills Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 2.38% decrease. The company also saw a substantial fall in profitability, with a 71.8% decrease in profit. The company's net worth moved up by a moderate rise of 1.83%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Nachiar Spinning Mills?
In 2023, Nachiar Spinning Mills 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)
Nachiar Health Care Fabrics Private LimitedActive 22 years 8 monthsArumugaperumal Balsubramaniam and Balsubramaniam Jeyamani are mutual person
Jaya Nachiar Textile Mills Private LimitedActive 26 years 10 monthsArumugaperumal Balsubramaniam and Balsubramaniam Jeyamani are mutual person
Charges (Loans)
₹31.18 Cr
₹38.03 Cr
Charges Breakdown by Lending Institutions
- Bank Of India : 23.53 Cr
- Others : 5.00 Cr
- State Bank Of India : 2.65 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jan 2024 | Others | ₹2.00 Cr | Open |
| 29 Jan 2024 | Others | ₹3.00 Cr | Open |
| 06 Aug 2022 | State Bank Of India | ₹2.65 Cr | Open |
| 13 Mar 1989 | Bank Of India | ₹23.53 Cr | Open |
| 29 Dec 2023 | Canara Bank | ₹5.00 Cr | Satisfied |
How Many Employees Work at Nachiar Spinning Mills?
Nachiar Spinning Mills has a workforce of 238 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 Nachiar 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 Nachiar 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.
