Palani Muthu Textiles Private Limited

Manufactures yarn in Tirupur, Tamil Nadu since 2004.

2004 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Palani Muthu Textiles Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 1.45 Cr
  • Company Age 20 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 65.43 Cr
  • Satisfied Charges ₹ 6.00 Cr
  • Revenue Growth -2.54%
  • Profit Growth -99.18%
  • Ebitda -72.00%
  • Net Worth 0.63%
  • Total Assets -13.12%

About Palani Muthu Textiles

Palani Muthu Textiles Private Limited (PMTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 December 2004 and has a history of 20 years and three months. Its registered office is in Coimbatore, Tamil Nadu, India.

The Corporate was formerly known as Vidyaakarthic 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 7.00 Cr and a paid-up capital of Rs 1.45 Cr.

The company currently has active open charges totaling ₹65.43 Cr. The company has closed loans amounting to ₹6.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Palaniappan Balaji, Palaniappan Pichai, and Balaji Sundari serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17111TZ2004PTC011474

  • Company No.

    011474

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    15 Dec 2004

  • Date of AGM

    23 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

Who are the key members and board of directors at Palani Muthu Textiles?

Board Members (3)

NameDesignationAppointment DateStatus
Palaniappan Balaji Country flag representing In Director 12-Nov-2012Current
Palaniappan Pichai Country flag representing In Director 12-Nov-2012Current
Balaji Sundari Country flag representing In Director 12-Nov-2012Current

Financial Performance of Palani Muthu Textiles.

Palani Muthu Textiles Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 2.54% decrease. The company also saw a substantial fall in profitability, with a 99.18% decrease in profit. The company's net worth moved up by a moderate rise of 0.63%.

Palani Muthu Textiles revenue growth over time
Palani Muthu Textiles 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
-2.54%
Revenue from Operations
-2.52%
Total Assets
-13.12%
Profit or Loss
-99.18%
Net Worth
0.63%
EBITDA
-72.00%

What is the Ownership and Shareholding Structure of Palani Muthu Textiles?

In 2023, Palani Muthu Textiles had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹65.43 Cr

Satisfied Charges

₹6.00 Cr

Charges Breakdown by Lending Institutions

  • City Union Bank Ltd : 32.79 Cr
  • Others : 18.00 Cr
  • City Union Bank Limited : 14.65 Cr

Latest Charge Details

DateLenderAmountStatus
20 Aug 2024City Union Bank Limited₹3.50 CrOpen
06 Feb 2023Others₹5.00 CrOpen
14 Jul 2020City Union Bank Limited₹2.90 CrOpen
12 Dec 2012City Union Bank Limited₹4.00 CrOpen
20 Sep 2007City Union Bank Limited₹1.25 CrOpen

How Many Employees Work at Palani Muthu Textiles?

Palani Muthu Textiles has a workforce of 63 employees as of Mar 31, 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 Palani Muthu Textiles Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Palani Muthu Textiles, 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 Palani Muthu Textiles'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 Palani Muthu Textiles

Recent activity within the organization

  • Annual General Meeting

    Palani Muthu Textiles Private Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.

  • Charges

    A charge with City Union Bank Limited amounted to Rs. 3.50 Cr with Charge ID 100967998 was registered on 20 Aug 2024.

  • Balance Sheet

    Palani Muthu Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100682356 was registered on 06 Feb 2023.

  • Charges

    A charge with City Union Bank Limited of Rs. 2.90 Cr registered on 14 Jul 2020 with Charge ID 100362995 was modified on 29 Nov 2021.

  • Charges

    A charge with City Union Bank Limited amounted to Rs. 2.90 Cr with Charge ID 100362995 was registered on 14 Jul 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Palani Muthu Textiles Private Limited?

    Palani Muthu Textiles Private Limited was incorporated on 15 Dec 2004.

  • What is authorized share capital and paid-up capital of Palani Muthu Textiles Private Limited?

    The authorized share capital of Palani Muthu Textiles Private Limited is ₹ 7.00 Cr and paid-up capital is ₹ 1.45 Cr.

  • Who are the current board members & directors of Palani Muthu Textiles Private Limited?

    Currently 3 directors are associated with Palani Muthu Textiles Private Limited.

    • Palaniappan Balaji
    • Palaniappan Pichai
    • Balaji Abirami Sundari

  • What is the registered address of Palani Muthu Textiles Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Palani Muthu Textiles Private Limited is Sf No.613 Palladam To Dharapuram Main Road Thutharipalayam V.Kallipalayam (Po), India, Tirupur, Tamil Nadu, 641664.

  • What is the corporate identification number (CIN) and company number of Palani Muthu Textiles Private Limited?

    The corporate identification number (CIN) of Palani Muthu Textiles Private Limited is U17111TZ2004PTC011474 and the company number is 011474 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Palani Muthu Textiles Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Palani Muthu Textiles Private Limited has fallen by -2.54%.

  • How many employees does Palani Muthu Textiles Private Limited currently have?

    As Per 2023 financial reports, 63 employees are currently employed by Palani Muthu Textiles Private Limited.

  • What change has been observed in the net worth of Palani Muthu Textiles Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Palani Muthu Textiles Private Limited has experienced an upsurge of 0.63%.

  • What are the total open charges for Palani Muthu Textiles Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Palani Muthu Textiles Private Limited amount to ₹ 65.43 Cr.

  • When was the last Balance Sheet of Palani Muthu Textiles Private Limited filed with the ROC?

    The most recent Balance Sheet for Palani Muthu Textiles Private Limited was filed with the ROC on 31 Mar 2024.

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