Saravana Spinners Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 9.50 M
- Company Age 40 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 38.47 Cr
- Satisfied Charges ₹ 13.74 Cr
- Revenue Growth -4.74%
- Profit Growth -289.63%
- Ebitda -136.93%
- Net Worth -2368.52%
- Total Assets -12.35%
About Saravana Spinners
Saravana Spinners Limited (SSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 05 June 1984 and has a history of 40 years and eight months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Kumaragiri Electronics Ltd. 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 1.50 Cr and a paid-up capital of Rs 9.50 M.
The company currently has active open charges totaling ₹38.47 Cr. The company has closed loans amounting to ₹13.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
Saravanan Palaniappan, Palaniappan Pichai, Palaniappan Muthulakshmi, and One other member serve as directors at the Company.
Company Details
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Location
Chennai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17100TN1984PLC010911
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Company No.
010911
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
05 Jun 1984
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Date of AGM
16 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Saravana Spinners?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Saravanan Palaniappan
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Whole-Time Director | 23-Aug-2006 | Current |
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Palaniappan Pichai
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Director | 05-Jun-1984 | Current |
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Palaniappan Muthulakshmi
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Director | 23-Aug-2006 | Current |
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Revathi Saravanan
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Whole-Time Director | 27-May-2010 | Current |
Financial Performance of Saravana Spinners.
Saravana Spinners Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 4.74% decrease. The company also saw a substantial fall in profitability, with a 289.63% decrease in profit. The company's net worth observed a substantial decline by a decrease of 2368.52%.
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What is the Ownership and Shareholding Structure of Saravana Spinners?
In 2023, Saravana Spinners had a promoter holding of 96.32% and a public holding of 3.68%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Relaxaa Home Textiles Private Limited
Saravanan Palaniappan and Revathi Saravanan are mutual person
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Kumaragiri Textiles Ltd
Palaniappan Pichai and Palaniappan Muthulakshmi are mutual person
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Jayarani Spinning Mills Limited
Palaniappan Pichai is a mutual person
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Palani Muthu Textiles Private Limited
Palaniappan Pichai is a mutual person
Charges (Loans)
₹38.47 Cr
₹13.74 Cr
Charges Breakdown by Lending Institutions
- Others : 37.60 Cr
- Hdfc Bank Limited : 0.87 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Oct 2020 | Hdfc Bank Limited | ₹8.70 M | Open |
| 01 Feb 2002 | Others | ₹37.60 Cr | Open |
| 18 Aug 2005 | State Bank Of India | ₹10.00 Cr | Satisfied |
| 28 Jul 1997 | The Nedungadi Bank Ltd | ₹1.20 Cr | Satisfied |
| 19 Sep 1994 | Andhra Bank | ₹1.15 Cr | Satisfied |
How Many Employees Work at Saravana Spinners?
Saravana Spinners has a workforce of 251 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 Saravana 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 Saravana 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.
