Solai Cotton Mills Profile
Key Indicators
- Authorised Capital ₹ 3.75 Cr
- Paid Up Capital ₹ 2.95 Cr
- Company Age 21 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 15.51 Cr
- Satisfied Charges ₹ 15.03 Cr
- Revenue Growth -30.40%
- Profit Growth -78.41%
- Ebitda -14.82%
- Net Worth 8.05%
- Total Assets -0.82%
About Solai Cotton Mills
Solai Cotton Mills Private Limited (SCMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 March 2003 and has a history of 21 years and ten months. Its registered office is in Erode, Tamil Nadu, India.
The Corporate was formerly known as P P S Spinning Mill 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 3.75 Cr and a paid-up capital of Rs 2.95 Cr.
The company currently has active open charges totaling ₹15.51 Cr. The company has closed loans amounting to ₹15.03 Cr, as per Ministry of Corporate Affairs (MCA) records.
Anbarasan and Gandhi Rajamani serve as directors at the Company.
Company Details
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Location
Erode, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17111TZ2003PTC010515
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Company No.
010515
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
17 Mar 2003
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Solai Cotton Mills?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anbarasan
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Director | 09-Aug-2017 | Current |
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Gandhi Rajamani
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Director | 18-Jan-2018 | Current |
Financial Performance of Solai Cotton Mills.
Solai Cotton Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 30.4% decrease. The company also saw a substantial fall in profitability, with a 78.41% decrease in profit. The company's net worth moved up by a moderate rise of 8.05%.
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What is the Ownership and Shareholding Structure of Solai Cotton Mills?
In 2023, Solai Cotton 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.
Charges (Loans)
₹15.51 Cr
₹15.03 Cr
Charges Breakdown by Lending Institutions
- City Union Bank Limited : 15.51 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2023 | City Union Bank Limited | ₹5.00 M | Open |
| 24 Mar 2022 | City Union Bank Limited | ₹1.25 Cr | Open |
| 30 Nov 2021 | City Union Bank Limited | ₹9.20 M | Open |
| 26 Jun 2020 | City Union Bank Limited | ₹1.84 Cr | Open |
| 04 May 2019 | City Union Bank Limited | ₹5.00 Cr | Open |
How Many Employees Work at Solai Cotton Mills?
Solai Cotton Mills has a workforce of 8 employees as of Apr 07, 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 Solai Cotton 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 Solai Cotton 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.
