Salzer Spinners Profile
Key Indicators
- Authorised Capital ₹ 12.50 Cr
- Paid Up Capital ₹ 12.00 Cr
- Company Age 21 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 23.00 Cr
- Satisfied Charges ₹ 18.27 Cr
- Revenue Growth -32.61%
- Profit Growth 120.39%
- Ebitda 54.29%
- Net Worth 1558.42%
- Total Assets -2.29%
About Salzer Spinners
Salzer Spinners Limited (SSL) is a Public Limited Indian Non-Government Company incorporated in India on 18 June 2003 and has a history of 21 years and eight months. Its registered office is in Coimbatore-641 104, Tamil Nadu.
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 12.50 Cr and a paid-up capital of Rs 12.00 Cr.
The company currently has active open charges totaling ₹23.00 Cr. The company has closed loans amounting to ₹18.27 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Salzer Spinners Limited India is Ramanathan Venkatesan as CFO. Ramaswamy Karunakaran, Dasappan Govindaraj, Ramanathan Venkatesan, and Two other members serve as directors at the Company.
Company Details
- Location Coimbatore-641 104, Tamil Nadu
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31100TZ2003PLC010637
- Company No.
010637
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 Jun 2003
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
What products or services does Salzer Spinners Limited offer?
Salzer Spinners Limited offers a wide range of products and services, including Relays and Contactors, Electromechanical Relay.
Who are the key members and board of directors at Salzer Spinners?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramanathan Venkatesan  | CFO | 01-Mar-2022 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramaswamy Karunakaran | Director | 21-Mar-2005 | Current |
| Dasappan Govindaraj | Director | 21-Mar-2005 | Current |
| Doraiswamy Vishnurangaswamy | Director | 26-Dec-2017 | Current |
| Doraiswamy Rangaswamy | Director | 21-Oct-1994 | Current |
Financial Performance of Salzer Spinners.
Salzer Spinners Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 32.61% decrease. The company also saw a substantial improvement in profitability, with a 120.39% increase in profit. The company's net worth Soared by an impressive increase of 1558.42%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Salzer Spinners?
In 2023, Salzer Spinners had a promoter holding of 80.38% and a public holding of 19.62%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Salzer Technologies LimitedRamaswamy Karunakaran is a mutual person
Salzer Magnet Wires LimitedDasappan Govindaraj and Doraiswamy Rangaswamy are mutual person
Salzer Electronics LimitedDoraiswamy Vishnurangaswamy and Doraiswamy Rangaswamy are mutual person
Salzer Collaboration Private LimitedRamaswamy Karunakaran is a mutual person
K R Health Care Private LimitedDoraiswamy Vishnurangaswamy and Doraiswamy Rangaswamy are mutual person
Salzer Exports LimitedDoraiswamy Rangaswamy is a mutual person
Charges (Loans)
₹23.00 Cr
₹18.27 Cr
Charges Breakdown by Lending Institutions
- Others : 15.00 Cr
- Tata Capital Financial Services Limited : 8.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Feb 2024 | Others | ₹15.00 Cr | Open |
| 23 Sep 2022 | Tata Capital Financial Services Limited | ₹8.00 Cr | Open |
| 05 Mar 2014 | Canara Bank | ₹5.50 Cr | Satisfied |
| 25 Mar 2004 | Saradha Investments Limied | ₹4.76 M | Satisfied |
| 13 Jun 1996 | Industrial Development Bank Of Indiai | ₹6.90 M | Satisfied |
How Many Employees Work at Salzer Spinners?
Salzer Spinners has a workforce of 64 employees as of Apr 07, 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 Salzer Spinners, 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 Salzer Spinners'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.
