The Palani Andavar Mills Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
as on 24-10-2024
- Paid Up Capital ₹ 5.80 M
as on 24-10-2024
- Company Age 91 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 36.10 Cr
as on 24-10-2024
- Satisfied Charges ₹ 17.73 Cr
as on 24-10-2024
- Revenue -1.21%
(FY 2023)
- Profit -74.71%
(FY 2023)
- Ebitda -57.05%
(FY 2023)
- Net Worth 4.22%
(FY 2023)
- Total Assets 2.22%
(FY 2023)
About The Palani Andavar Mills
The Corporate was formerly known as The Palani Andavar 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 2023. It's a company limited by shares with an authorized capital of Rs 3.00 Cr and a paid-up capital of Rs 5.80 M.
The company currently has active open charges totaling ₹36.10 Cr. The company has closed loans amounting to ₹17.73 Cr, as per Ministry of Corporate Affairs (MCA) records.
Girija Parthasarathy and Ramaswamy Mahendran serve as directors at the Company.
- CIN/LLPIN
U40108TZ1933PTC000139
- Company No.
000139
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
25 Apr 1933
- Date of AGM
20 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at The Palani Andavar Mills?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Girija Parthasarathy  | Managing Director | 23-May-1983 | Current |
| Ramaswamy Mahendran | Managing Director | 15-Jul-2015 | Current |
Board Members(0)
| Name | Designation | Appointment Date | Status |
|---|
Financial Performance and Corporate Structure Insights of The Palani Andavar Mills.
The Palani Andavar Mills Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 1.21% decrease. The company also saw a substantial fall in profitability, with a 74.71% decrease in profit. The company's net worth moved up by a moderate rise of 4.22%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of The Palani Andavar Mills?
In 2023, The Palani Andavar Mills had a promoter holding of 95.75% and a public holding of 4.25%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Tamil Nadu Electricity Consumers' AssociationActive 26 years 4 monthsRamaswamy Mahendran is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Indian Bank Creation Date: 22 Mar 2024 | ₹15.00 Cr | Open |
Others Creation Date: 23 Feb 2022 | ₹3.39 Cr | Open |
Others Creation Date: 23 Feb 2022 | ₹1.16 Cr | Open |
How Many Employees Work at The Palani Andavar Mills?
The Palani Andavar Mills has a workforce of 141 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of The Palani Andavar 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 The Palani Andavar 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.
