Sugavaneswara Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
- Paid Up Capital ₹ 2.20 Cr
- Company Age 43 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 14.84 Cr
- Satisfied Charges ₹ 36.85 Cr
- Revenue Growth -34.80%
- Profit Growth -195.37%
- Ebitda -114.21%
- Net Worth -23.62%
- Total Assets -14.14%
About Sugavaneswara Spinning Mills
Sugavaneswara Spinning Mills Private Limited (SSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 November 1981 and has a history of 43 years and six months. Its registered office is in Salem, Tamil Nadu, India.
The Corporate was formerly known as Sugavaneswara Spinning Mills 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 2024. It's a company limited by shares with an authorized capital of Rs 2.50 Cr and a paid-up capital of Rs 2.20 Cr.
The company currently has active open charges totaling ₹14.84 Cr. The company has closed loans amounting to ₹36.85 Cr, as per Ministry of Corporate Affairs (MCA) records.
Dhanasekaran Thangavel, Sivakumar Thangavel, Veerabathra Venkatachalam, and Nine other members serve as directors at the Company.
Company Details
- Location
Salem, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17111TZ1981PTC001116
- Company No.
001116
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Nov 1981
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Manufacturing
Sugavaneswara Spinning Mills Private Limited
Explore comprehensive data for Sugavaneswara Spinning Mills Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Sugavaneswara Spinning Mills?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Angamuthu Loganathan  | Managing Director | 14-Jul-1986 | Current |
| Thangavel Sundaravel | Managing Director | 05-May-1991 | Current |
Board Members (10)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Dhanasekaran Thangavel | Director | 14-Jul-1986 | Current |
| Sivakumar Thangavel | Director | 26-Apr-1992 | Current |
| Veerabathra Venkatachalam | Director | 05-May-1991 | Current |
| Veerabadra Elangovan | Whole-Time Director | 14-Jul-1986 | Current |
| Veerabadra Chandrasekaran | Director | 05-May-1991 | Current |
| Umashankar Mourya | Director | 14-Jul-1986 | Current |
Financial Performance of Sugavaneswara Spinning Mills.
Sugavaneswara Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 34.8% decrease. The company also saw a substantial fall in profitability, with a 195.37% decrease in profit. The company's net worth observed a substantial decline by a decrease of 23.62%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Sugavaneswara Spinning Mills?
In 2023, Sugavaneswara Spinning Mills had a promoter holding of 60.68% and a public holding of 39.32%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Kave Textile Mills Salem Private Limited
Veerabathra Venkatachalam is a mutual person
- Senthil Textile Mills Private Limited
Veerabadra Elangovan is a mutual person
- Jai Shiv Shankar Spinners (India) Private Limited
Umashankar Mourya and Umashankar Manojkumar are mutual person
- Jayalakshmi Weaving Mill (India) Private Limited
Umashankar Mourya and Umashankar Manojkumar are mutual person
- Akshayam Creations Llp
Umashankar Manojkumar is a mutual person
Charges (Loans)
Open Charges
₹14.84 Cr
Satisfied Charges
₹36.85 Cr
Charges Breakdown by Lending Institutions
- Karnataka Bank Ltd. : 14.09 Cr
- The Karnataka Bank Ltd : 0.75 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Mar 2022 | Karnataka Bank Ltd. | ₹1.09 Cr | Open |
| 06 Nov 2019 | Karnataka Bank Ltd. | ₹3.00 Cr | Open |
| 27 Oct 2010 | The Karnataka Bank Ltd | ₹7.50 M | Open |
| 27 Oct 2010 | Karnataka Bank Ltd. | ₹3.00 Cr | Open |
| 07 Oct 1994 | Karnataka Bank Ltd. | ₹7.00 Cr | Open |
How Many Employees Work at Sugavaneswara Spinning Mills?
Sugavaneswara Spinning Mills has a workforce of 142 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 Sugavaneswara 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 Sugavaneswara 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.
Latest Updates, News, and FAQs on Sugavaneswara Spinning Mills
Recent activity within the organization
- Annual General Meeting
Sugavaneswara Spinning Mills Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 03 Jul 2020 via Charge ID 100366410 with Karnataka Bank Ltd. was fully satisfied on 05 Jul 2024.
- Balance Sheet
Sugavaneswara Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
- Charges
A charge with Karnataka Bank Ltd. of Rs. 3.00 Cr registered on 27 Oct 2010 with Charge ID 10252786 was modified on 28 Apr 2023.
- Charges
A charge registered on 11 Apr 2019 via Charge ID 100263840 with Karnataka Bank Ltd. was fully satisfied on 27 Jan 2023.
- Charges
A charge registered on 10 Jan 2009 via Charge ID 10142193 with Karnataka Bank Limited was fully satisfied on 27 Jan 2023.
Frequently asked questions
What is the Incorporation or founding date of Sugavaneswara Spinning Mills Private Limited?
Sugavaneswara Spinning Mills Private Limited was incorporated on 04 Nov 1981.
What is authorized share capital and paid-up capital of Sugavaneswara Spinning Mills Private Limited?
The authorized share capital of Sugavaneswara Spinning Mills Private Limited is ₹ 2.50 Cr and paid-up capital is ₹ 2.20 Cr.
Who are the current board members & directors of Sugavaneswara Spinning Mills Private Limited?
Currently 12 directors are associated with Sugavaneswara Spinning Mills Private Limited.
- Dhanasekaran Thangavel
- Sivakumar Thangavel
- Veerabathra Mudaliar Marimmuthu Venkatachalam
- Veerabadra Marimuthu Elangovan
- Veerabadra Mudaliar Chandrasekaran
- Angamuthu Mudaly Loganathan
- Thangavel Sundaravel
- Umashankar Mourya
- Umashankar Manojkumar
- Manickam Angamuthu
- Pachiappan Saravanan
- Perumal Saravanan
What is the registered address of Sugavaneswara Spinning Mills Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Sugavaneswara Spinning Mills Private Limited is Belur Main Roadminnampalli P O Minnampalli India, Salem, Tamil Nadu, 636106.
What is the corporate identification number (CIN) and company number of Sugavaneswara Spinning Mills Private Limited?
The corporate identification number (CIN) of Sugavaneswara Spinning Mills Private Limited is U17111TZ1981PTC001116 and the company number is 001116 as per Ministry of Corporate Affairs (MCA).
What is the official website of Sugavaneswara Spinning Mills Private Limited?
The Official website of Sugavaneswara Spinning Mills Private Limited is https://www.sugavaneswara-spinning-mills-pvt-ltd.business.site
What has been the recent revenue trend for Sugavaneswara Spinning Mills Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Sugavaneswara Spinning Mills Private Limited has fallen by -34.80%.
How many employees does Sugavaneswara Spinning Mills Private Limited currently have?
As Per 2023 financial reports, 142 employees are currently employed by Sugavaneswara Spinning Mills Private Limited.
What change has been observed in the net worth of Sugavaneswara Spinning Mills Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Sugavaneswara Spinning Mills Private Limited has experienced an downturn of -23.62%.
What are the total open charges for Sugavaneswara Spinning Mills Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Sugavaneswara Spinning Mills Private Limited amount to ₹ 14.84 Cr.
When was the last Balance Sheet of Sugavaneswara Spinning Mills Private Limited filed with the ROC?
The most recent Balance Sheet for Sugavaneswara Spinning Mills Private Limited was filed with the ROC on 31 Mar 2024.
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