Sri Parameswari Spinning Mills Private Limited

Manufactures fine-count cotton yarn and sells majority in domestic markets, managed by promoter and sons.

1980 | Aruppukottai Taluk, Tamil Nadu (India) | Active
Last Updated:

Sri Parameswari Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 35.00 Cr
  • Paid Up Capital ₹ 27.79 Cr
  • Company Age 44 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 193.94 Cr
  • Satisfied Charges ₹ 131.14 Cr
  • Revenue Growth -18.87%
  • Profit Growth -79.95%
  • Ebitda -46.02%
  • Net Worth 3.53%
  • Total Assets 8.82%

About Sri Parameswari Spinning Mills

Sri Parameswari Spinning Mills Private Limited (SPSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 01 July 1980 and has a history of 44 years and ten months. Its registered office is in Aruppukottai Taluk, Tamil Nadu, India.

The Corporate was formerly known as Kamaraj Spinning Mills Private Limited. 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 35.00 Cr and a paid-up capital of Rs 27.79 Cr.

The company currently has active open charges totaling ₹193.94 Cr. The company has closed loans amounting to ₹131.14 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Sri Parameswari Spinning Mills Private Limited India is Bhag Sharma as COMPANY SECRETARY. Ramasamy Renugadevi, Gopalsamy Ravi, and Gopalsamy Rajagopal serve as directors at the Company.

Company Details

  • Location

    Aruppukottai Taluk, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U18101TN1980PTC008322

  • Company No.

    008322

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Jul 1980

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Manufacturing
Company report

Sri Parameswari Spinning Mills Private Limited

Explore comprehensive data for Sri Parameswari Spinning Mills Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Sri Parameswari Spinning Mills?

Executive Team (1)

NameDesignationAppointment DateStatus
Bhag Sharma Company Secretary29-Mar-2024Current

Board Members (3)

NameDesignationAppointment DateStatus
Ramasamy Renugadevi Country flag representing In Director 04-Jan-2013Current
Gopalsamy Ravi Country flag representing In Director 04-Jan-2013Current
Gopalsamy Rajagopal Country flag representing In Director 22-Aug-2022Current

Financial Performance of Sri Parameswari Spinning Mills.

Sri Parameswari Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 18.87% decrease. The company also saw a substantial fall in profitability, with a 79.95% decrease in profit. The company's net worth moved up by a moderate rise of 3.53%.

Sri Parameswari Spinning Mills revenue growth over time
Sri Parameswari Spinning Mills profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-18.87%
Revenue from Operations
-18.71%
Total Assets
8.82%
Profit or Loss
-79.95%
Net Worth
3.53%
EBITDA
-46.02%

What is the Ownership and Shareholding Structure of Sri Parameswari Spinning Mills?

In 2023, Sri Parameswari Spinning Mills had a promoter holding of 53.68% and a public holding of 46.32%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹193.94 Cr

Satisfied Charges

₹131.14 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 78.63 Cr
  • The Catholic Syrian Bank Ltd : 36.00 Cr
  • Others : 35.00 Cr
  • State Bank Of India : 18.00 Cr
  • The South Indian Bank Limited : 15.00 Cr
  • Others : 11.31 Cr

Latest Charge Details

DateLenderAmountStatus
27 Jan 2023The Catholic Syrian Bank Ltd₹36.00 CrOpen
08 Dec 2022State Bank Of India₹18.00 CrOpen
14 Sep 2021Others₹15.00 CrOpen
31 Mar 2021Others₹20.00 CrOpen
24 Dec 2018The South Indian Bank Limited₹15.00 CrOpen

How Many Employees Work at Sri Parameswari Spinning Mills?

Sri Parameswari Spinning Mills has a workforce of 1159 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.

Employee growth trends for Sri Parameswari Spinning Mills Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sri Parameswari 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 Sri Parameswari Spinning Mills's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Sri Parameswari Spinning Mills

Recent activity within the organization

  • Director Appointment

    Bhag Chand Sharma was appointed as a Company Secretary was appointed as a Company Secretary on 29 Mar 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge with Canara Bank of Rs. 66.58 Cr registered on 08 Aug 2007 with Charge ID 10065948 was modified on 13 Dec 2023.

  • Annual General Meeting

    Sri Parameswari Spinning Mills Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

  • Charges

    A charge with The South Indian Bank Limited of Rs. 15.00 Cr registered on 24 Dec 2018 with Charge ID 100234936 was modified on 30 May 2023.

  • Charges

    A charge registered on 30 Mar 2016 via Charge ID 100022450 with Lakshmi Vilas Bank Limited was fully satisfied on 15 Apr 2023.

  • Balance Sheet

    Sri Parameswari Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

Frequently asked questions

  • What is the Incorporation or founding date of Sri Parameswari Spinning Mills Private Limited?

    Sri Parameswari Spinning Mills Private Limited was incorporated on 01 Jul 1980.

  • What is authorized share capital and paid-up capital of Sri Parameswari Spinning Mills Private Limited?

    The authorized share capital of Sri Parameswari Spinning Mills Private Limited is ₹ 35.00 Cr and paid-up capital is ₹ 27.79 Cr.

  • Who are the current board members & directors of Sri Parameswari Spinning Mills Private Limited?

    Currently 4 directors are associated with Sri Parameswari Spinning Mills Private Limited.

    • Ramasamy Naicker Renugadevi
    • Gopalsamy Ravi
    • Gopalsamy Rajagopal
    • Bhag Chand Sharma

  • What is the registered address of Sri Parameswari Spinning Mills Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Sri Parameswari Spinning Mills Private Limited is Survey No.38 394A Great Cotton Road Pandalgudi, Aruppukottai Taluk, Tamil Nadu, India, 626113.

  • What is the corporate identification number (CIN) and company number of Sri Parameswari Spinning Mills Private Limited?

    The corporate identification number (CIN) of Sri Parameswari Spinning Mills Private Limited is U18101TN1980PTC008322 and the company number is 008322 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Sri Parameswari Spinning Mills Private Limited?

    The Official website of Sri Parameswari Spinning Mills Private Limited is https://www.spsm.co.in

  • What has been the recent revenue trend for Sri Parameswari Spinning Mills Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Sri Parameswari Spinning Mills Private Limited has fallen by -18.87%.

  • How many employees does Sri Parameswari Spinning Mills Private Limited currently have?

    As Per 2023 financial reports, 1159 employees are currently employed by Sri Parameswari Spinning Mills Private Limited.

  • What change has been observed in the net worth of Sri Parameswari Spinning Mills Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Sri Parameswari Spinning Mills Private Limited has experienced an upsurge of 3.53%.

  • What are the total open charges for Sri Parameswari Spinning Mills Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Sri Parameswari Spinning Mills Private Limited amount to ₹ 193.94 Cr.

  • When was the last Balance Sheet of Sri Parameswari Spinning Mills Private Limited filed with the ROC?

    The most recent Balance Sheet for Sri Parameswari Spinning Mills Private Limited was filed with the ROC on 31 Mar 2023.

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