Prassanna Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
as on 05-07-2024
- Paid Up Capital ₹ 9.50 M
as on 05-07-2024
- Company Age 18 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 201.11 Cr
as on 05-07-2024
- Satisfied Charges ₹ 186.93 Cr
as on 05-07-2024
- Revenue -15.67%
(FY 2023)
- Profit -178.57%
(FY 2023)
- Ebitda -126.32%
(FY 2023)
- Net Worth -41.26%
(FY 2023)
- Total Assets -2.63%
(FY 2023)
About Prassanna 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 1.00 Cr and a paid-up capital of Rs 9.50 M.
The company currently has active open charges totaling ₹201.11 Cr. The company has closed loans amounting to ₹186.93 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sivanmalai Rathnasabapathy and Geetha Rathinasabapathy serve as directors at the Company.
- CIN/LLPIN
U17111TZ2006PTC012729
- Company No.
012729
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Apr 2006
- Date of AGM
25 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
- Email Address
- Website
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- Social Media-
Who are the key members and board of directors at Prassanna Spinning Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sivanmalai Rathnasabapathy  | Managing Director | 24-Apr-2006 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Geetha Rathinasabapathy | Whole-Time Director | 24-Apr-2006 | Current |
Financial Performance of Prassanna Spinning Mills.
Prassanna Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 15.67% decrease. The company also saw a substantial fall in profitability, with a 178.57% decrease in profit. The company's net worth observed a substantial decline by a decrease of 41.26%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Prassanna Spinning Mills?
In 2023, Prassanna 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)
Apex Coco And Solar Energy LimitedActive 12 years 1 monthSivanmalai Rathnasabapathy is a mutual person
- Apex Parivar Infra And Solar Power Private LimitedActive 11 years 23 days
Sivanmalai Rathnasabapathy is a mutual person
Prsm Exports Private LimitedActive 1 year 2 monthsSivanmalai Rathnasabapathy and Geetha Rathinasabapathy are mutual person
- Svsm Apparels Private LimitedActive 1 year 2 months
Sivanmalai Rathnasabapathy and Geetha Rathinasabapathy are mutual person
- Sri Velayudhaswamy Spinning Mills Private LimitedActive 36 years 5 months
Sivanmalai Rathnasabapathy and Geetha Rathinasabapathy are mutual person
Charges (Loans)
₹201.11 Cr
₹186.93 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 110.67 Cr
- Canara Bank : 90.44 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jul 2023 | Axis Bank Limited | ₹110.67 Cr | Open |
| 22 Feb 2022 | Canara Bank | ₹90.44 Cr | Open |
| 26 Aug 2019 | Lakshmi Vilas Bank Limited | ₹0.25 M | Satisfied |
| 26 Aug 2019 | Lakshmi Vilas Bank Limited | ₹0.35 M | Satisfied |
| 08 May 2019 | Lakshmi Vilas Bank Limited | ₹25.00 Cr | Satisfied |
How Many Employees Work at Prassanna Spinning Mills?
Prassanna Spinning Mills has a workforce of 1856 employees as of Apr 05, 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 Prassanna 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 Prassanna 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.
