Sugavaneswara Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
as on 16-11-2024
- Paid Up Capital ₹ 2.20 Cr
as on 16-11-2024
- Company Age 43 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 14.84 Cr
as on 16-11-2024
- Satisfied Charges ₹ 36.85 Cr
as on 16-11-2024
- Revenue -34.80%
(FY 2023)
- Profit -195.37%
(FY 2023)
- Ebitda -114.21%
(FY 2023)
- Net Worth -23.62%
(FY 2023)
- Total Assets -14.14%
(FY 2023)
About Sugavaneswara Spinning Mills
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.
- 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
Company Details
- Location
Salem, Tamil Nadu, India
- Telephone
- Email Address
- Social Media-
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
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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)
K T Spinning Mills Private LimitedActive 34 years 8 monthsDhanasekaran Thangavel, Sivakumar Thangavel and 1 more are mutual person
- Kave Textile Mills Salem Private LimitedActive 20 years 5 months
Veerabathra Venkatachalam is a mutual person
- Senthil Textile Mills Private LimitedActive 51 years 6 months
Veerabadra Elangovan is a mutual person
- Jai Shiv Shankar Spinners (India) Private LimitedActive 18 years 5 months
Umashankar Mourya and Umashankar Manojkumar are mutual person
- Jayalakshmi Weaving Mill (India) Private LimitedActive 14 years 9 months
Umashankar Mourya and Umashankar Manojkumar are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Karnataka Bank Ltd. Creation Date: 15 Mar 2022 | ₹1.09 Cr | Open |
Karnataka Bank Ltd. Creation Date: 06 Nov 2019 | ₹3.00 Cr | Open |
The Karnataka Bank Ltd Creation Date: 27 Oct 2010 | ₹7.50 M | 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.
