Sree Prashant Spinners Limited
Manufacturer and trader of cotton yarn, man-made fiber, viscous and synthetic yarn.
1983 | Chennai, Tamil Nadu (India) | Active
Sree Prashant Spinners Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.80 Cr
- Company Age 41 Year, 6 Months
- Last Filing with ROC 31 Mar 2016
- Open Charges ₹ 2.69 Cr
- Satisfied Charges ₹ 9.22 Cr
- Revenue Growth -69.36%
- Profit Growth 52.89%
- Ebitda 31.03%
- Net Worth -69.85%
- Total Assets -48.96%
About Sree Prashant Spinners
Sree Prashant Spinners Limited (SPSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 September 1983 and has a history of 41 years and six months. Its registered office is in Chennai, 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 2016. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.80 Cr.
The company currently has active open charges totaling ₹2.69 Cr. The company has closed loans amounting to ₹9.22 Cr, as per Ministry of Corporate Affairs (MCA) records.
Prabhakar Chetty, Prabhakar Jayashree, and Vachani Ravi 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
U17111TN1983PLC010320
- Company No.
010320
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
16 Sep 1983
- Date of AGM
30 Sep 2016
- Date of Balance Sheet
31 Mar 2016
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Manufacturing
Who are the key members and board of directors at Sree Prashant Spinners?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prabhakar Chetty  | Managing Director | 16-Sep-1983 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Prabhakar Jayashree | Director | 25-Apr-1991 | Current |
| Vachani Ravi | Whole-Time Director | 29-Sep-2012 | Current |
Financial Performance of Sree Prashant Spinners.
Sree Prashant Spinners Limited, for the financial year ended 2016, experienced significant reduction in revenue, with a 69.36% decrease. The company also saw a substantial improvement in profitability, with a 52.89% increase in profit. The company's net worth observed a substantial decline by a decrease of 69.85%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Sree Prashant Spinners?
In 2016, Sree Prashant Spinners had a promoter holding of 99.89% and a public holding of 0.11%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹2.69 Cr
Satisfied Charges
₹9.22 Cr
Charges Breakdown by Lending Institutions
- Icici Limited : 2.00 Cr
- Nagarjuna Finance Ltd. : 0.69 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 1994 | Icici Limited | ₹2.00 Cr | Open |
| 26 Nov 1992 | Nagarjuna Finance Ltd. | ₹4.62 M | Open |
| 25 Jul 1991 | Nagarjuna Finance Ltd. | ₹0.30 M | Open |
| 15 Mar 1991 | Nagarjuna Finance Ltd. | ₹1.95 M | Open |
| 02 May 1998 | Indian Overseas Bank | ₹1.50 Cr | Satisfied |
How Many Employees Work at Sree Prashant Spinners?
Sree Prashant Spinners has a workforce of 20 employees as of Mar 29, 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 Sree Prashant 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 Sree Prashant 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 Sree Prashant Spinners
Recent activity within the organization
- Charges
A charge registered on 02 May 1998 via Charge ID 90303703 with Indian Overseas Bank was fully satisfied on 13 Dec 2018.
- Charges
A charge registered on 22 Apr 1995 via Charge ID 90287358 with Indian Overseas Bank was fully satisfied on 13 Dec 2018.
- Annual General Meeting
Sree Prashant Spinners Limited last Annual general meeting of members was held on 30 Sep 2016 as per latest MCA records.
- Balance Sheet
Sree Prashant Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2016 with Roc Chennai.
- Charges
A charge with Indian Overseas Bank of Rs. 7.72 Cr registered on 22 Apr 1995 with Charge ID 90287358 was modified on 18 Sep 2013.
- Director Appointment
Vachani Palaniyandi Ravi was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 29 Sep 2012 & has been associated with this company since 12 years 5 months .
Frequently asked questions
What is the Incorporation or founding date of Sree Prashant Spinners Limited?
Sree Prashant Spinners Limited was incorporated on 16 Sep 1983.
What is authorized share capital and paid-up capital of Sree Prashant Spinners Limited?
The authorized share capital of Sree Prashant Spinners Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.80 Cr.
Who are the current board members & directors of Sree Prashant Spinners Limited?
Currently 3 directors are associated with Sree Prashant Spinners Limited.
- Prabhakar Palayam Rangaiah Chetty
- Prabhakar Jayashree
- Vachani Palaniyandi Ravi
What is the registered address of Sree Prashant Spinners Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Sree Prashant Spinners Limited is Flat No.6 Second Floor 88 4Th Main Road Abhiramapuram, India, Chennai-600 018, Tamil Nadu, 600018.
What is the corporate identification number (CIN) and company number of Sree Prashant Spinners Limited?
The corporate identification number (CIN) of Sree Prashant Spinners Limited is U17111TN1983PLC010320 and the company number is 010320 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Sree Prashant Spinners Limited?
According to the financial reports for the fiscal year 2016, the revenue trend for Sree Prashant Spinners Limited has fallen by -69.36%.
How many employees does Sree Prashant Spinners Limited currently have?
As Per 2016 financial reports, 20 employees are currently employed by Sree Prashant Spinners Limited.
What change has been observed in the net worth of Sree Prashant Spinners Limited, and by what percentage?
The financial reports for the fiscal year 2016 indicates that The net worth of Sree Prashant Spinners Limited has experienced an downturn of -69.85%.
What are the total open charges for Sree Prashant Spinners Limited?
As per the financial statements for fiscal Year 2016, The total open charges for Sree Prashant Spinners Limited amount to ₹ 2.69 Cr.
When was the last Balance Sheet of Sree Prashant Spinners Limited filed with the ROC?
The most recent Balance Sheet for Sree Prashant Spinners Limited was filed with the ROC on 31 Mar 2016.
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