Saravana Spinners Limited
Spinning cotton and blended yarn since 1984, with registered office in Chennai, Tamil Nadu.
1984 | Chennai, Tamil Nadu (India) | Active
Saravana Spinners Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 9.50 M
- Company Age 40 Year, 10 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 ten 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
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17100TN1984PLC010911
- Company No.
010911
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
05 Jun 1984
- Date of AGM
16 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Environment
Manufacturing
Saravana Spinners Limited
Explore comprehensive data for Saravana Spinners Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Saravana Spinners?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Saravanan Palaniappan  | Whole-Time Director | 23-Aug-2006 | Current |
| Palaniappan Pichai | Director | 05-Jun-1984 | Current |
| Palaniappan Muthulakshmi | Director | 23-Aug-2006 | Current |
| Revathi Saravanan | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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)
- Relaxaa Home Textiles Private Limited
Saravanan Palaniappan and Revathi Saravanan are mutual person
- Kumaragiri Textiles Ltd
Palaniappan Pichai and Palaniappan Muthulakshmi are mutual person
- Jayarani Spinning Mills Limited
Palaniappan Pichai is a mutual person
- Palani Muthu Textiles Private Limited
Palaniappan Pichai is a mutual person
Charges (Loans)
Open Charges
₹38.47 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Saravana Spinners
Recent activity within the organization
- Annual General Meeting
Saravana Spinners Limited last Annual general meeting of members was held on 16 Sep 2024 as per latest MCA records.
- Balance Sheet
Saravana Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Charges
A charge with Others of Rs. 37.60 Cr registered on 01 Feb 2002 with Charge ID 90301062 was modified on 09 Dec 2021.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.87 Cr with Charge ID 100383326 was registered on 21 Oct 2020.
- Charges
A charge registered on 18 Aug 2005 via Charge ID 90288330 with State Bank Of India was fully satisfied on 17 Oct 2015.
- Director Appointment
Revathi Saravanan was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 27 May 2010 & has been associated with this company since 14 years 10 months .
Frequently asked questions
What is the Incorporation or founding date of Saravana Spinners Limited?
Saravana Spinners Limited was incorporated on 05 Jun 1984.
What is authorized share capital and paid-up capital of Saravana Spinners Limited?
The authorized share capital of Saravana Spinners Limited is ₹ 1.50 Cr and paid-up capital is ₹ 9.50 M.
Who are the current board members & directors of Saravana Spinners Limited?
Currently 4 directors are associated with Saravana Spinners Limited.
- Saravanan Palaniappan
- Palaniappan Pichai
- Palaniappan Muthulakshmi
- Revathi Saravanan
What is the registered address of Saravana Spinners Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Saravana Spinners Limited is Palani Muthu Towers G-Block Second Floor New No.19 20Th Main Road Anna Nagar We St, India, Chennai, Tamil Nadu, 600040.
What is the corporate identification number (CIN) and company number of Saravana Spinners Limited?
The corporate identification number (CIN) of Saravana Spinners Limited is U17100TN1984PLC010911 and the company number is 010911 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Saravana Spinners Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Saravana Spinners Limited has fallen by -4.74%.
How many employees does Saravana Spinners Limited currently have?
As Per 2023 financial reports, 251 employees are currently employed by Saravana Spinners Limited.
What change has been observed in the net worth of Saravana Spinners Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Saravana Spinners Limited has experienced an downturn of -2368.52%.
What are the total open charges for Saravana Spinners Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Saravana Spinners Limited amount to ₹ 38.47 Cr.
When was the last Balance Sheet of Saravana Spinners Limited filed with the ROC?
The most recent Balance Sheet for Saravana Spinners Limited was filed with the ROC on 31 Mar 2024.
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