Parani Spinning Mills Private Limited

Manufactures cotton hosiery yarns, including slub and warp weft yarn, in Tamil Nadu.

1988 | Tamilnadu, Tamil Nadu (India) | Active
Last Updated:

Parani Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 36 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 71.95 Cr
  • Satisfied Charges ₹ 18.00 Cr
  • Revenue Growth -48.95%
  • Profit Growth -1203.55%
  • Ebitda -538.96%
  • Net Worth -247.83%
  • Total Assets -40.49%

About Parani Spinning Mills

Parani Spinning Mills Private Limited (PSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 01 August 1988 and has a history of 36 years and seven months. Its registered office is in Tamilnadu, Tamil Nadu, India.

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 5.00 M and a paid-up capital of Rs 5.00 M.

The company currently has active open charges totaling ₹71.95 Cr. The company has closed loans amounting to ₹18.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Harisastivel Radhakrishnan, Marappa Krishnasamy, Marappa Karuppusamy, and Two other members serve as directors at the Company.

Company Details

  • Location

    Tamilnadu, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17111TZ1988PTC002229

  • Company No.

    002229

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Aug 1988

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

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

Executive Team (1)

NameDesignationAppointment DateStatus
Marappa Krishnasamy Country flag representing In Managing Director01-Aug-1988Current

Board Members (4)

NameDesignationAppointment DateStatus
Harisastivel Radhakrishnan Country flag representing In Director 04-Aug-2014Current
Marappa Karuppusamy Country flag representing In Director 11-Sep-1991Current
Krishnasamy Sivakami Country flag representing In Director 01-Aug-1988Current
Karuppusamy Janaki Country flag representing In Director 11-Sep-1991Current

Financial Performance of Parani Spinning Mills.

Parani Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 48.95% decrease. The company also saw a substantial fall in profitability, with a 1203.55% decrease in profit. The company's net worth observed a substantial decline by a decrease of 247.83%.

Parani Spinning Mills revenue growth over time
Parani 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
-48.95%
Revenue from Operations
-48.17%
Total Assets
-40.49%
Profit or Loss
-1203.55%
Net Worth
-247.83%
EBITDA
-538.96%

What is the Ownership and Shareholding Structure of Parani Spinning Mills?

In 2023, Parani Spinning Mills had a promoter holding of 99.60% and a public holding of 0.40%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹719.52 M

Satisfied Charges

₹180.00 M

Charges Breakdown by Lending Institutions

  • The Lakshmi Vilas Bank Limited : 44.28 Cr
  • Dbs Bank Ltd : 19.80 Cr
  • The Lakshmi Vilas Bank Ltd : 7.79 Cr
  • Hdfc Bank Limited : 0.08 Cr

Latest Charge Details

DateLenderAmountStatus
17 Jul 2015The Lakshmi Vilas Bank Ltd₹7.94 MOpen
02 Jul 2015The Lakshmi Vilas Bank Ltd₹5.00 CrOpen
19 Jan 2015The Lakshmi Vilas Bank Ltd₹2.00 CrOpen
12 Jan 2015The Lakshmi Vilas Bank Limited₹1.30 CrOpen
05 Jan 2015Dbs Bank Ltd₹19.80 CrOpen

How Many Employees Work at Parani Spinning Mills?

Parani Spinning Mills has a workforce of 205 employees as of Apr 08, 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 Parani Spinning Mills Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Parani 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 Parani 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 Parani Spinning Mills

Recent activity within the organization

  • Annual General Meeting

    Parani Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Parani Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Charges

    A charge with Dbs Bank Ltd of Rs. 198.00 M registered on 05 Jan 2015 with Charge ID 10561578 was modified on 31 Mar 2021.

  • Charges

    A charge with The Lakshmi Vilas Bank Ltd amounted to Rs. 7.94 M with Charge ID 10586277 was registered on 17 Jul 2015.

  • Charges

    A charge with The Lakshmi Vilas Bank Ltd amounted to Rs. 50.00 M with Charge ID 10586284 was registered on 02 Jul 2015.

  • Charges

    A charge with The Lakshmi Vilas Bank Limited of Rs. 339.31 M registered on 18 Jun 1990 with Charge ID 80004384 was modified on 02 Jul 2015.

Frequently asked questions

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

    Parani Spinning Mills Private Limited was incorporated on 01 Aug 1988.

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

    The authorized share capital of Parani Spinning Mills Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

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

    Currently 5 directors are associated with Parani Spinning Mills Private Limited.

    • Harisastivel Radhakrishnan
    • Marappa Gounder Krishnasamy
    • Marappa Gounder Karuppusamy
    • Krishnasamy Sivakami
    • Karuppusamy Janaki

  • What is the registered address of Parani Spinning Mills Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Parani Spinning Mills Private Limited is 153 Dharapuram Road Tirupur, Tamilnadu, Tamil Nadu, India, 641604.

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

    The corporate identification number (CIN) of Parani Spinning Mills Private Limited is U17111TZ1988PTC002229 and the company number is 002229 as per Ministry of Corporate Affairs (MCA).

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Parani Spinning Mills Private Limited has fallen by -48.95%.

  • How many employees does Parani Spinning Mills Private Limited currently have?

    As Per 2023 financial reports, 205 employees are currently employed by Parani Spinning Mills Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Parani Spinning Mills Private Limited has experienced an downturn of -247.83%.

  • What are the total open charges for Parani Spinning Mills Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Parani Spinning Mills Private Limited amount to ₹ 71.95 Cr.

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

    The most recent Balance Sheet for Parani Spinning Mills Private Limited was filed with the ROC on 31 Mar 2023.