Thangavelu Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
as on 23-10-2024
- Paid Up Capital ₹ 2.87 Cr
as on 23-10-2024
- Company Age 42 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 28.87 Cr
as on 23-10-2024
- Satisfied Charges ₹ 8.25 Cr
as on 23-10-2024
- Revenue -17.67%
(FY 2023)
- Profit -104.08%
(FY 2023)
- Ebitda -22.34%
(FY 2023)
- Net Worth -1.29%
(FY 2023)
- Total Assets 2.00%
(FY 2023)
About Thangavelu Spinning Mills
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 3.00 Cr and a paid-up capital of Rs 2.87 Cr.
The company currently has active open charges totaling ₹28.87 Cr. The company has closed loans amounting to ₹8.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Thangavelu Surendran, Shabhari Surendren, and Revathi Surendran serve as directors at the Company.
- CIN/LLPIN
U17111TZ1982PLC001164
- Company No.
001164
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Mar 1982
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Salem, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Thangavelu Spinning Mills Limited offer?
Thangavelu Spinning Mills Limited offers a wide range of products and services, including Yarns & Threads, Threads.
Who are the key members and board of directors at Thangavelu Spinning Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Thangavelu Surendran  | Managing Director | 15-Feb-1995 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shabhari Surendren | Whole-Time Director | 02-May-2012 | Current |
| Revathi Surendran | Director | 22-Jun-2015 | Current |
Financial Performance of Thangavelu Spinning Mills.
Thangavelu Spinning Mills Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 17.67% decrease. The company also saw a substantial fall in profitability, with a 104.08% decrease in profit. The company's net worth dipped by a decrease of 1.29%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Thangavelu Spinning Mills?
In 2023, Thangavelu Spinning Mills had a promoter holding of 99.90% and a public holding of 0.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Sidbi Creation Date: 27 May 2024 | ₹1.88 Cr | Open |
Yes Bank Limited Creation Date: 05 Feb 2024 | ₹3.42 Cr | Open |
Others Creation Date: 30 Nov 2022 | ₹1.00 Cr | Open |
How Many Employees Work at Thangavelu Spinning Mills?
Thangavelu Spinning Mills has a workforce of 91 employees as of Apr 02, 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 Thangavelu 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 Thangavelu 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.
