Sambandam Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.26 Cr
- Company Age 51 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 184.63 Cr
- Satisfied Charges ₹ 749.31 Cr
- Revenue Growth 53.58%
- Profit Growth 79.88%
- Ebitda -42.82%
- Net Worth 14.07%
- Total Assets 18.85%
About Sambandam Spinning Mills
Sambandam Spinning Mills Limited (SSML) was founded in India on 07 November 1973 and has a glorious history of 51 years and three months. Its registered office is in Salem, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 521240.
The Company is engaged in the Environment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 4.26 Cr.
The company currently has active open charges totaling ₹184.63 Cr. The company has closed loans amounting to ₹749.31 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Sambandam Spinning Mills Limited India are Snatarajan as COMPANY SECRETARY and Boopalan Periasamy as Cfo. Devarajan Sambandam, Dinakaran Sambandam, Sudharsan Devarajan, and Nine 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
L17111TZ1973PLC000675
- Company No.
000675
- Stock Symbol
BSE : 521240
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
07 Nov 1973
- Date of AGM
21 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Sambandam Spinning Mills?
Executive Team (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Boopalan Periasamy  | CFO | 03-Jun-2019 | Current |
| Devarajan Sambandam | Managing Director | 01-Apr-2005 | Current |
| Dinakaran Sambandam | Managing Director | 01-Apr-2005 | Current |
| Jegarajan Sambandam | Managing Director | 01-Apr-2005 | Current |
| Snatarajan | Company Secretary | 09-Jun-2016 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Balasundaram Doraisami | Director | 06-May-2017 | Current |
| Bhaskaran Subramanian | Director | 14-Aug-2021 | Current |
| Sudharsan Devarajan | Director | 01-Apr-2005 | Current |
| Mahadevan Gopalakrishnan | Director | 11-Aug-2024 | Current |
| Sekar Venkatesan | Director | 25-Mar-2017 | Current |
| Annapoorani Venugopalan | Director | 11-Nov-2018 | Current |
Financial Performance of Sambandam Spinning Mills.
Sambandam Spinning Mills Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 53.58% increase. The company also saw a substantial improvement in profitability, with a 79.88% increase in profit. The company's net worth Soared by an impressive increase of 14.07%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Sambandam Spinning Mills?
In 2022, Sambandam Spinning Mills had a promoter holding of 50.79% and a public holding of 49.21%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Sambandam Fabrics Private Limited
Devarajan Sambandam is a mutual person
Kandagiri Spinning Mills LimitedDevarajan Sambandam is a mutual person
- Confederation Of Indian Textile Industry
Dinakaran Sambandam is a mutual person
- High Value Consultancy Services Private Limited
Mahadevan Gopalakrishnan is a mutual person
Charges (Loans)
₹184.63 Cr
₹749.31 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 148.69 Cr
- Hdfc Bank Limited : 15.38 Cr
- The Catholic Syrian Bank Ltd : 15.04 Cr
- The South Indian Bank Limited : 5.00 Cr
- Others : 0.52 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2023 | Others | ₹3.67 M | Open |
| 13 Jul 2023 | Others | ₹1.58 M | Open |
| 19 Jun 2023 | Canara Bank | ₹122.69 Cr | Open |
| 19 Jun 2023 | Canara Bank | ₹3.00 Cr | Open |
| 07 Nov 2022 | The Catholic Syrian Bank Ltd | ₹4.46 Cr | Open |
How Many Employees Work at Sambandam Spinning Mills?
Sambandam Spinning Mills has a workforce of 1513 employees as of Apr 01, 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 Sambandam 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 Sambandam 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.
