Spac Starch Products (India) Profile
Key Indicators
- Authorised Capital ₹ 45.00 Cr
- Paid Up Capital ₹ 38.97 Cr
- Company Age 28 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 357.25 Cr
- Satisfied Charges ₹ 275.74 Cr
- Revenue Growth 22.86%
- Profit Growth -14.80%
- Ebitda -11.99%
- Net Worth 21.98%
- Total Assets 25.69%
About Spac Starch Products (India)
Spac Starch Products (India) Private Limited (SSPIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 31 May 1996 and has a history of 28 years and eight months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Spac Starch Products (India) Limited. The Company is engaged in the Food And Beverages 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 45.00 Cr and a paid-up capital of Rs 38.97 Cr.
The company currently has active open charges totaling ₹357.25 Cr. The company has closed loans amounting to ₹275.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
Nachimuthu Ramalingam, Nachimuthu Tamilselvi, and Ramalingam Suriyakanth 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
U15325TN1996PTC141254
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Company No.
007238
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
31 May 1996
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
What products or services does Spac Starch Products (India) Private Limited offer?
Spac Starch Products (India) Private Limited offers a wide range of products and services, including Flavours & Aromatics, Starch Powder, Industrial Chemicals & Supplies, Thickening Agent.
Who are the key members and board of directors at Spac Starch Products (India)?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramalingam Suriyakanth
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Managing Director | 24-Nov-2017 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Nachimuthu Ramalingam
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Director | 01-Nov-1996 | Current |
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Nachimuthu Tamilselvi
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Director | 24-Nov-2017 | Current |
Financial Performance of Spac Starch Products (India).
Spac Starch Products (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.86% increase. The company also saw a substantial fall in profitability, with a 14.8% decrease in profit. The company's net worth Soared by an impressive increase of 21.98%.
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What is the Ownership and Shareholding Structure of Spac Starch Products (India)?
In 2023, Spac Starch Products (India) had a promoter holding of 18.01% and a public holding of 81.99%. 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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Ramalingam Energy & Infra Private LimitedNachimuthu Ramalingam and Nachimuthu Tamilselvi are mutual person
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Rccl Expressway Private Limited
Nachimuthu Ramalingam, Nachimuthu Tamilselvi and 1 more are mutual person
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Ramalingam Holdings Private Limited
Nachimuthu Ramalingam, Nachimuthu Tamilselvi and 1 more are mutual person
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Rccl Hunsur Periyapatna Expressway Private LimitedNachimuthu Ramalingam and Ramalingam Suriyakanth are mutual person
Charges (Loans)
₹357.25 Cr
₹275.74 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 203.00 Cr
- Axis Bank Limited : 150.25 Cr
- Indian Overseas Bank : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Oct 2023 | Axis Bank Limited | ₹50.00 Cr | Open |
| 22 Sep 2023 | Indian Overseas Bank | ₹4.00 Cr | Open |
| 26 Jun 2023 | Hdfc Bank Limited | ₹133.00 Cr | Open |
| 24 Feb 2022 | Axis Bank Limited | ₹20.00 Cr | Open |
| 06 Sep 2021 | Hdfc Bank Limited | ₹70.00 Cr | Open |
How Many Employees Work at Spac Starch Products (India)?
Spac Starch Products (India) has a workforce of 275 employees as of Jul 30, 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 Spac Starch Products (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 Spac Starch Products (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.
