Salem Textiles Limited
Produces polyester blended and polyester yarns since 1964 in Tamil Nadu.
1964 | Salem, Tamil Nadu (India) | Active
Salem Textiles Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 6.60 Cr
- Company Age 60 Year, 9 Months
- Last Filing with ROC 31 Mar 2018
- Open Charges ₹ 2.61 Cr
- Revenue Growth %
- Profit Growth 77.66%
- Ebitda 83.04%
- Net Worth -0.02%
- Total Assets -0.01%
About Salem Textiles
Salem Textiles Limited (STL) was founded in India on 29 July 1964 and has a glorious history of 60 years and nine months.Its registered office is in Salem, 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 2018. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 6.60 Cr.
The company currently has active open charges totaling ₹2.61 Cr.
Ramasamy Prabakaran, Ramasamy Rajaram, Velayutha Subramani, and Two other members serve as directors at the Company.
Company Details
- Location
Salem, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17111TZ1964PLC000534
- Company No.
000534
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Jul 1964
- Date of AGM
30 Sep 2018
- Date of Balance Sheet
31 Mar 2018
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Manufacturing
Salem Textiles Limited
Explore comprehensive data for Salem Textiles Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Salem Textiles?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramasamy Prabakaran  | Managing Director | 26-Feb-1977 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramasamy Rajaram | Additional Director | 14-Mar-2023 | Current |
| Velayutha Subramani | Director | 04-Sep-2002 | Current |
| Ramabathiran Manoharan | Director | 14-Feb-2015 | Current |
| Suresh Kumar | Additional Director | 14-Mar-2023 | Current |
Financial Performance of Salem Textiles.
Salem Textiles Limited, for the financial year ended 2018, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 77.66% increase in profit. The company's net worth dipped by a decrease of 0.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Salem Textiles?
In 2018, Salem Textiles had a promoter holding of 60.81% and a public holding of 39.19%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Charcos Barbeque Llp
Ramasamy Rajaram is a mutual person
- Nilgiris Flower Company Limited
Ramasamy Rajaram is a mutual person
- R R K Granites Limited
Ramasamy Rajaram and Suresh Kumar are mutual person
- Salem Processing Mills Limited
Ramasamy Rajaram is a mutual person
- Salem Fabrics Limited
Ramasamy Rajaram is a mutual person
- Venkatadri Spintech Private Limited
Ramasamy Rajaram is a mutual person
Charges (Loans)
Open Charges
₹2.61 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Industrial Devlopment Bank Of India : 2.09 Cr
- Industrial Development Bank Of India : 0.52 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Mar 1991 | Industrial Development Bank Of India | ₹5.20 M | Open |
| 14 Feb 1991 | Industrial Devlopment Bank Of India | ₹2.09 Cr | Open |
How Many Employees Work at Salem Textiles?
Unlock and access historical data on people associated with Salem Textiles, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Salem 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 Salem Textiles'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.
Latest Updates, News, and FAQs on Salem Textiles
Recent activity within the organization
- Director Appointment
Ramasamy Udayar Prabakaran Rajaram was appointed as a Additional Director was appointed as a Additional Director on 14 Mar 2023 & has been associated with this company since 2 years 2 months .
- Director Appointment
Suresh Kumar was appointed as a Additional Director was appointed as a Additional Director on 14 Mar 2023 & has been associated with this company since 2 years 2 months .
- Annual General Meeting
Salem Textiles Limited last Annual general meeting of members was held on 30 Sep 2018 as per latest MCA records.
- Balance Sheet
Salem Textiles Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Coimbatore.
- Director Appointment
Ramabathiran Manoharan was appointed as a Director was appointed as a Director on 14 Feb 2015 & has been associated with this company since 10 years 3 months .
- Director Appointment
Velayutha Udayar Subramani was appointed as a Director was appointed as a Director on 04 Sep 2002 & has been associated with this company since 22 years 8 months .
Frequently asked questions
What is the Incorporation or founding date of Salem Textiles Limited?
Salem Textiles Limited was incorporated on 29 Jul 1964.
What is authorized share capital and paid-up capital of Salem Textiles Limited?
The authorized share capital of Salem Textiles Limited is ₹ 15.00 Cr and paid-up capital is ₹ 6.60 Cr.
Who are the current board members & directors of Salem Textiles Limited?
Currently 5 directors are associated with Salem Textiles Limited.
- Ramasamy Udayar Prabakaran
- Ramasamy Udayar Prabakaran Rajaram
- Velayutha Udayar Subramani
- Ramabathiran Manoharan
- Suresh Kumar
What is the registered address of Salem Textiles Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Salem Textiles Limited is Selliampalayam Narasingapuram Post India, Attur, Tamil Nadu, 636108.
What is the corporate identification number (CIN) and company number of Salem Textiles Limited?
The corporate identification number (CIN) of Salem Textiles Limited is U17111TZ1964PLC000534 and the company number is 000534 as per Ministry of Corporate Affairs (MCA).
What change has been observed in the net worth of Salem Textiles Limited, and by what percentage?
The financial reports for the fiscal year 2018 indicates that The net worth of Salem Textiles Limited has experienced an downturn of -0.02%.
What are the total open charges for Salem Textiles Limited?
As per the financial statements for fiscal Year 2018, The total open charges for Salem Textiles Limited amount to ₹ 2.61 Cr.
When was the last Balance Sheet of Salem Textiles Limited filed with the ROC?
The most recent Balance Sheet for Salem Textiles Limited was filed with the ROC on 31 Mar 2018.
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