Sornalakshmi Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 6.00 M
- Paid Up Capital ₹ 6.00 M
- Company Age 35 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 11.33 Cr
- Satisfied Charges ₹ 5.02 Cr
- Revenue Growth -41.29%
- Profit Growth -523375.66%
- Ebitda -94.76%
- Net Worth -40.39%
- Total Assets -4.13%
About Sornalakshmi Spinning Mills
Sornalakshmi Spinning Mills Private Limited (SSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 February 1989 and has a history of 35 years and 11 months. Its registered office is in Namakkal, Tamil Nadu, India.
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 6.00 M and a paid-up capital of Rs 6.00 M.
The company currently has active open charges totaling ₹11.33 Cr. The company has closed loans amounting to ₹5.02 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sentheil, Sentheil Priyambhigai, Kandasamy, and Two other members serve as directors at the Company.
Company Details
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Location
Namakkal, 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
U17111TZ1989PTC002369
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Company No.
002369
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
27 Feb 1989
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Date of AGM
30 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 Coimbatore
Industry
Who are the key members and board of directors at Sornalakshmi Spinning Mills?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sentheil
|
Managing Director | 27-Feb-1989 | Current |
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Kandasamy
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Managing Director | 27-Feb-1989 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Sentheil Priyambhigai
|
Whole-Time Director | 18-Nov-2005 | Current |
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Sentheil Suhasvelu
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Whole-Time Director | 12-May-2021 | Current |
|
Kandasamy Angammal
|
Director | 27-Feb-1989 | Current |
Financial Performance of Sornalakshmi Spinning Mills.
Sornalakshmi Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 41.29% decrease. The company also saw a substantial fall in profitability, with a 523375.66% decrease in profit. The company's net worth observed a substantial decline by a decrease of 40.39%.
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What is the Ownership and Shareholding Structure of Sornalakshmi Spinning Mills?
In 2023, Sornalakshmi Spinning Mills had a promoter holding of 100.00%. 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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Core Point Private LimitedSentheil, Sentheil Priyambhigai and 1 more are mutual person
Charges (Loans)
₹113.26 M
₹50.20 M
Charges Breakdown by Lending Institutions
- Others : 11.33 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Dec 2022 | Others | ₹1.75 Cr | Open |
| 29 Sep 1997 | Others | ₹9.58 Cr | Open |
| 28 Oct 2006 | Teh Karur Vysya Bank Limited | ₹3.50 Cr | Satisfied |
| 22 Aug 2002 | The Karur Vysya Bank Ltd. | ₹1.25 Cr | Satisfied |
| 11 Jan 1990 | The Karur Vysya Bank Ltd. | ₹2.70 M | Satisfied |
How Many Employees Work at Sornalakshmi Spinning Mills?
Sornalakshmi Spinning Mills has a workforce of 24 employees as of Mar 28, 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 Sornalakshmi 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 Sornalakshmi Spinning Mills'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.