Silver Spring Spinners India Profile
Key Indicators
- Authorised Capital ₹ 6.58 Cr
- Paid Up Capital ₹ 6.58 Cr
- Company Age 31 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 56.31 Cr
- Satisfied Charges ₹ 40.47 Cr
- Revenue Growth -14.22%
- Profit Growth -45.10%
- Ebitda -30.33%
- Net Worth 2.23%
- Total Assets -9.92%
About Silver Spring Spinners India
Silver Spring Spinners India Private Limited (SSSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 March 1994 and has a history of 31 years and two months. Its registered office is in Srivilliputhur, Tamil Nadu, India.
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 6.58 Cr and a paid-up capital of Rs 6.58 Cr.
The company currently has active open charges totaling ₹56.31 Cr. The company has closed loans amounting to ₹40.47 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rajendran Sridhar, Ramasamy Rajendran, and Sridhar Menaka serve as directors at the Company.
Company Details
- Location
Srivilliputhur, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17293TN1994PTC027004
- Company No.
027004
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Mar 1994
- Date of AGM
16 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Manufacturing
What products or services does Silver Spring Spinners India Private Limited offer?
Silver Spring Spinners India Private Limited offers a wide range of products and services, including Yarns & Threads, Yarn, Cotton Yarn.
Silver Spring Spinners India Private Limited
Explore comprehensive data for Silver Spring Spinners India Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Silver Spring Spinners India?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajendran Sridhar  | Director | 03-Oct-2002 | Current |
| Ramasamy Rajendran | Director | 01-Apr-2007 | Current |
| Sridhar Menaka | Director | 09-Dec-2014 | Current |
Financial Performance of Silver Spring Spinners India.
Silver Spring Spinners India Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 14.22% decrease. The company also saw a substantial fall in profitability, with a 45.1% decrease in profit. The company's net worth moved up by a moderate rise of 2.23%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Silver Spring Spinners India?
In 2023, Silver Spring Spinners India had a promoter holding of 32.70% and a public holding of 67.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Amrit Spices Private Limited
Rajendran Sridhar and Sridhar Menaka are mutual person
Charges (Loans)
Open Charges
₹56.31 Cr
Satisfied Charges
₹40.47 Cr
Charges Breakdown by Lending Institutions
- Tamilnad Mercantile Bank Limited : 29.94 Cr
- Axis Bank Limited : 23.48 Cr
- Tamilnadu Industrial Investment Corporation Limited : 2.70 Cr
- Others : 0.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2021 | Axis Bank Limited | ₹23.48 Cr | Open |
| 03 Jun 2020 | Tamilnad Mercantile Bank Limited | ₹2.75 Cr | Open |
| 19 May 2020 | Others | ₹1.85 M | Open |
| 13 Apr 2020 | Tamilnad Mercantile Bank Limited | ₹4.23 Cr | Open |
| 20 Jan 2017 | Tamilnad Mercantile Bank Limited | ₹1.36 Cr | Open |
How Many Employees Work at Silver Spring Spinners India?
Silver Spring Spinners India has a workforce of 91 employees as of Apr 04, 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 Silver Spring Spinners India, 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 Silver Spring Spinners India'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 Silver Spring Spinners India
Recent activity within the organization
- Annual General Meeting
Silver Spring Spinners India Private Limited last Annual general meeting of members was held on 16 Sep 2023 as per latest MCA records.
- Balance Sheet
Silver Spring Spinners India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Charges
A charge with Axis Bank Limited of Rs. 23.48 Cr registered on 27 Aug 2021 with Charge ID 100481734 was modified on 02 Mar 2022.
- Charges
A charge with Axis Bank Limited amounted to Rs. 23.48 Cr with Charge ID 100481734 was registered on 27 Aug 2021.
- Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 2.75 Cr with Charge ID 100352036 was registered on 03 Jun 2020.
- Charges
A charge with Others amounted to Rs. 0.19 Cr with Charge ID 100339364 was registered on 19 May 2020.
Frequently asked questions
What is the Incorporation or founding date of Silver Spring Spinners India Private Limited?
Silver Spring Spinners India Private Limited was incorporated on 10 Mar 1994.
What is authorized share capital and paid-up capital of Silver Spring Spinners India Private Limited?
The authorized share capital of Silver Spring Spinners India Private Limited is ₹ 6.58 Cr and paid-up capital is ₹ 6.58 Cr.
Who are the current board members & directors of Silver Spring Spinners India Private Limited?
Currently 3 directors are associated with Silver Spring Spinners India Private Limited.
- Rajendran Sridhar
- Ramasamy Rajendran
- Sridhar Menaka
What is the registered address of Silver Spring Spinners India Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Silver Spring Spinners India Private Limited is 136& 137Mulikulam Village, Srivilliputhur, Tamil Nadu, India, 626141.
What is the corporate identification number (CIN) and company number of Silver Spring Spinners India Private Limited?
The corporate identification number (CIN) of Silver Spring Spinners India Private Limited is U17293TN1994PTC027004 and the company number is 027004 as per Ministry of Corporate Affairs (MCA).
What is the official website of Silver Spring Spinners India Private Limited?
The Official website of Silver Spring Spinners India Private Limited is https://www.silverspring.org.in
What has been the recent revenue trend for Silver Spring Spinners India Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Silver Spring Spinners India Private Limited has fallen by -14.22%.
How many employees does Silver Spring Spinners India Private Limited currently have?
As Per 2023 financial reports, 91 employees are currently employed by Silver Spring Spinners India Private Limited.
What change has been observed in the net worth of Silver Spring Spinners India Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Silver Spring Spinners India Private Limited has experienced an upsurge of 2.23%.
What are the total open charges for Silver Spring Spinners India Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Silver Spring Spinners India Private Limited amount to ₹ 56.31 Cr.
When was the last Balance Sheet of Silver Spring Spinners India Private Limited filed with the ROC?
The most recent Balance Sheet for Silver Spring Spinners India Private Limited was filed with the ROC on 31 Mar 2023.
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