Sankagiri Spintex Private Limited

Manufactures and exports cotton yarn, specializing in viscose yarn customization.

2005 | Salem, Tamil Nadu (India) | Active
Last Updated: October 23, 2024

Sankagiri Spintex Profile

Key Indicators

  • Authorised Capital ₹ 8.50 Cr
  • Paid Up Capital ₹ 8.50 Cr
  • Company Age 19 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 22.87 Cr
  • Revenue Growth -2.82%
  • Profit Growth -81.70%
  • Ebitda -31.30%
  • Net Worth 2.19%
  • Total Assets 8.24%

About Sankagiri Spintex

Sankagiri Spintex Private Limited (SSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 May 2005 and has a history of 19 years and eight months. Its registered office is in Salem, Tamil Nadu, India.

The Corporate was formerly known as Sankagiri Spintex Limited. 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 8.50 Cr and a paid-up capital of Rs 8.50 Cr.

The company currently has active open charges totaling ₹22.87 Cr.

Rathinam Premavathi, Ganesan Kaliselvan, Sengodagounder Ramasamy, and Eight other members serve as directors at the Company.

Company Details

  • Location

    Salem, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    sankagirispintex.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17111TZ2005PTC011841

  • Company No.

    011841

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 May 2005

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

Who are the key members and board of directors at Sankagiri Spintex?

Board Members (11)

Name Designation Appointment Date Status
Rathinam Premavathi Country flag representing In Director 23-Mar-2018 Current
Ganesan Kaliselvan Country flag representing In Director 14-Jun-2012 Current
Sengodagounder Ramasamy Country flag representing In Director 26-May-2005 Current
Sengottuvellappan Kumaravel Country flag representing In Director 26-May-2005 Current
Loganathan Sumathi Country flag representing In Director 26-May-2005 Current
Ramasamy Kumar Country flag representing In Director 04-Jun-2006 Current

Financial Performance of Sankagiri Spintex.

Sankagiri Spintex Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 2.82% decrease. The company also saw a substantial fall in profitability, with a 81.7% decrease in profit. The company's net worth moved up by a moderate rise of 2.19%.

Graph illustrating revenue growth over time
Graph showing 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
-2.82%
Revenue from Operations
-2.81%
Total Assets
8.24%
Profit or Loss
-81.70%
Net Worth
2.19%
EBITDA
-31.30%

What is the Ownership and Shareholding Structure of Sankagiri Spintex?

In 2023, Sankagiri Spintex had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹22.87 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 16.43 Cr
  • City Union Bank Limited : 3.98 Cr
  • Sidbi : 2.46 Cr

Latest Charge Details

Date Lender Amount Status
03 Oct 2024 Sidbi ₹2.46 Cr Open
28 Dec 2022 City Union Bank Limited ₹3.98 Cr Open
08 Nov 2006 State Bank Of India ₹16.43 Cr Open

How Many Employees Work at Sankagiri Spintex?

Sankagiri Spintex has a workforce of 29 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sankagiri Spintex, 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 Sankagiri Spintex'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 Sankagiri Spintex

Recent activity within the organization

  • Charges

    A charge with Sidbi amounted to Rs. 2.46 Cr with Charge ID 100986077 was registered on 03 Oct 2024.

    03 Oct 2024

  • Charges

    A charge with State Bank Of India of Rs. 16.43 Cr registered on 08 Nov 2006 with Charge ID 10030216 was modified on 29 Nov 2023.

    29 Nov 2023

  • Annual General Meeting

    Sankagiri Spintex Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Sankagiri Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

    31 Mar 2023

  • Charges

    A charge with City Union Bank Limited of Rs. 3.98 Cr registered on 28 Dec 2022 with Charge ID 100668102 was modified on 30 Dec 2022.

    30 Dec 2022

  • Charges

    A charge with City Union Bank Limited amounted to Rs. 3.98 Cr with Charge ID 100668102 was registered on 28 Dec 2022.

    28 Dec 2022

Frequently asked questions

  • Sankagiri Spintex Private Limited was incorporated on 26 May 2005.

  • The authorized share capital of Sankagiri Spintex Private Limited is ₹ 8.50 Cr and paid-up capital is ₹ 8.50 Cr.

  • Currently 11 directors are associated with Sankagiri Spintex Private Limited.

    • Rathinam Premavathi
    • Ganesan Kaliselvan
    • Sengodagounder Ramasamy
    • Sengottuvellappan Kumaravel
    • Loganathan Sumathi
    • Ramasamy Sathish Kumar
    • Kumaravel Selvamani
    • Palajisamy Gounder Shanmugam Karthikkeyan
    • Palanisamy Loganathan
    • Palanisamygounder Mani
    • Mani Anandhkumaran
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sankagiri Spintex Private Limited is Shanmugha Complexnew Edappadi Road Sankagiri Post India, Salem District, Tamil Nadu, 637303.

  • The corporate identification number (CIN) of Sankagiri Spintex Private Limited is U17111TZ2005PTC011841 and the company number is 011841 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sankagiri Spintex Private Limited is https://www.sankagirispintex.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Sankagiri Spintex Private Limited has fallen by -2.82%.

  • As Per 2023 financial reports, 29 employees are currently employed by Sankagiri Spintex Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Sankagiri Spintex Private Limited has experienced an upsurge of 2.19%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Sankagiri Spintex Private Limited amount to ₹ 22.87 Cr.

  • The most recent Balance Sheet for Sankagiri Spintex Private Limited was filed with the ROC on 31 Mar 2023.

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