Parani Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
as on 25-07-2024
- Paid Up Capital ₹ 5.00 M
as on 25-07-2024
- Company Age 36 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 71.95 Cr
as on 25-07-2024
- Satisfied Charges ₹ 18.00 Cr
as on 25-07-2024
- Revenue -48.95%
(FY 2023)
- Profit -1203.55%
(FY 2023)
- Ebitda -538.96%
(FY 2023)
- Net Worth -247.83%
(FY 2023)
- Total Assets -40.49%
(FY 2023)
About Parani 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 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.
- 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
Company Details
- Location
Tamilnadu, Tamil Nadu, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Parani Spinning Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Marappa Krishnasamy  | Managing Director | 01-Aug-1988 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Harisastivel Radhakrishnan | Director | 04-Aug-2014 | Current |
| Marappa Karuppusamy | Director | 11-Sep-1991 | Current |
| Krishnasamy Sivakami | Director | 01-Aug-1988 | Current |
| Karuppusamy Janaki | Director | 11-Sep-1991 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Guhan Textile Mills Private LimitedActive 32 years 7 monthsHarisastivel Radhakrishnan and Marappa Karuppusamy are mutual person
- Sastivel Renewable Energy Private LimitedActive 3 months 8 days
Harisastivel Radhakrishnan is a mutual person
Charges (Loans)
₹719.52 M
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jul 2015 | The Lakshmi Vilas Bank Ltd | ₹7.94 M | Open |
| 02 Jul 2015 | The Lakshmi Vilas Bank Ltd | ₹5.00 Cr | Open |
| 19 Jan 2015 | The Lakshmi Vilas Bank Ltd | ₹2.00 Cr | Open |
| 12 Jan 2015 | The Lakshmi Vilas Bank Limited | ₹1.30 Cr | Open |
| 05 Jan 2015 | Dbs Bank Ltd | ₹19.80 Cr | Open |
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.
Deals i
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
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
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