Sambandam Spinning Mills Limited

This company manufactures and sells cotton yarn with a variety of product options and a large production capacity.

1973 | Salem, Tamil Nadu (India) | Active
Last Updated:

Sambandam Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 4.26 Cr
  • Company Age 51 Year, 5 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 five 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

Environment
Manufacturing
Company report

Sambandam Spinning Mills Limited

Explore comprehensive data for Sambandam Spinning Mills Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Sambandam Spinning Mills?

Executive Team (5)

NameDesignationAppointment DateStatus
Boopalan Periasamy Country flag representing In CFO03-Jun-2019Current
Devarajan Sambandam Country flag representing In Managing Director01-Apr-2005Current
Dinakaran Sambandam Country flag representing In Managing Director01-Apr-2005Current
Jegarajan Sambandam Country flag representing In Managing Director01-Apr-2005Current
Snatarajan Country flag representing In Company Secretary09-Jun-2016Current

Board Members (9)

NameDesignationAppointment DateStatus
Balasundaram Doraisami Country flag representing In Director 06-May-2017Current
Bhaskaran Subramanian Country flag representing In Director 14-Aug-2021Current
Sudharsan Devarajan Country flag representing In Director 01-Apr-2005Current
Mahadevan Gopalakrishnan Country flag representing In Director 11-Aug-2024Current
Sekar Venkatesan Country flag representing In Director 25-Mar-2017Current
Annapoorani Venugopalan Country flag representing In Director 11-Nov-2018Current

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%.

Sambandam Spinning Mills revenue growth over time
Sambandam Spinning Mills profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
53.58%
Revenue from Operations
53.61%
Total Assets
18.85%
Profit or Loss
79.88%
Net Worth
14.07%
EBITDA
-42.82%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹184.63 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
31 Jul 2023Others₹3.67 MOpen
13 Jul 2023Others₹1.58 MOpen
19 Jun 2023Canara Bank₹122.69 CrOpen
19 Jun 2023Canara Bank₹3.00 CrOpen
07 Nov 2022The Catholic Syrian Bank Ltd₹4.46 CrOpen

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.

Employee growth trends for Sambandam Spinning Mills Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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 Sambandam Spinning Mills

Recent activity within the organization

  • Charges

    A charge registered on 27 Sep 2019 via Charge ID 100294389 with Hdfc Bank Limited was fully satisfied on 06 Oct 2024.

  • Annual General Meeting

    Sambandam Spinning Mills Limited last Annual general meeting of members was held on 21 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 10 Mar 2020 via Charge ID 100332687 with The Catholic Syrian Bank Ltd was fully satisfied on 11 Sep 2024.

  • Director Appointment

    Mahadevan Gopalakrishnan was appointed as a Director was appointed as a Director on 11 Aug 2024 & has been associated with this company since 8 months 3 days .

  • Director Appointment

    Padmanabhan was appointed as a Director was appointed as a Director on 11 Aug 2024 & has been associated with this company since 8 months 3 days .

  • Charges

    A charge registered on 05 Jan 2023 via Charge ID 100668634 with Hdfc Bank Limited was fully satisfied on 04 Jun 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Sambandam Spinning Mills Limited?

    Sambandam Spinning Mills Limited was incorporated on 07 Nov 1973.

  • What is authorized share capital and paid-up capital of Sambandam Spinning Mills Limited?

    The authorized share capital of Sambandam Spinning Mills Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.26 Cr.

  • Who are the current board members & directors of Sambandam Spinning Mills Limited?

    Currently 14 directors are associated with Sambandam Spinning Mills Limited.

    • Devarajan Sambandam
    • Dinakaran Sambandam
    • Sudharsan Devarajan
    • Jegarajan Sambandam
    • Mahadevan Gopalakrishnan
    • Sekar Venkatesan
    • Balasundaram Doraisami
    • Annapoorani Venugopalan
    • Bhaskaran Subramanian
    • Jegarajan Sakthivel
    • Dinakaran Niranjan Kumar
    • Padmanabhan
    • SNatarajan
    • Boopalan Periasamy

  • What is the registered address of Sambandam Spinning Mills Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Sambandam Spinning Mills Limited is Kamaraj Nagar Colonyp B No 1 India, Salem, Tamil Nadu, 636014.

  • What is the corporate identification number (CIN) and company number of Sambandam Spinning Mills Limited?

    The corporate identification number (CIN) of Sambandam Spinning Mills Limited is L17111TZ1973PLC000675 and the company number is 000675 as per Ministry of Corporate Affairs (MCA).

  • Is Sambandam Spinning Mills Limited registered with any stock exchange in India?

    Yes, Sambandam Spinning Mills Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Sambandam Spinning Mills Limited?

    The Official website of Sambandam Spinning Mills Limited is https://www.sambandam.com

  • What has been the recent revenue trend for Sambandam Spinning Mills Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Sambandam Spinning Mills Limited has risen by 53.58%.

  • How many employees does Sambandam Spinning Mills Limited currently have?

    As Per 2022 financial reports, 1513 employees are currently employed by Sambandam Spinning Mills Limited.

  • What change has been observed in the net worth of Sambandam Spinning Mills Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Sambandam Spinning Mills Limited has experienced an upsurge of 14.07%.

  • What are the total open charges for Sambandam Spinning Mills Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Sambandam Spinning Mills Limited amount to ₹ 184.63 Cr.

  • When was the last Balance Sheet of Sambandam Spinning Mills Limited filed with the ROC?

    The most recent Balance Sheet for Sambandam Spinning Mills Limited was filed with the ROC on 31 Mar 2024.

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