Victory Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 22.75 Cr
- Paid Up Capital ₹ 22.62 Cr
- Company Age 22 Year, 4 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 59.60 Cr
- Satisfied Charges ₹ 113.73 Cr
- Revenue Growth -23.38%
- Profit Growth -56.95%
- Ebitda -42.00%
- Net Worth 1.28%
- Total Assets -4.30%
About Victory Spinning Mills
Victory Spinning Mills Private Limited (VSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 30 January 2003 and has a history of 22 years. Its registered office is in Namakkal, Tamil Nadu, India.
The Corporate was formerly known as Victory 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 2023. It's a company limited by shares with an authorized capital of Rs 22.75 Cr and a paid-up capital of Rs 22.62 Cr.
The company currently has active open charges totaling ₹59.60 Cr. The company has closed loans amounting to ₹113.73 Cr, as per Ministry of Corporate Affairs (MCA) records.
Pallipalayam Sundaram, Sundaram Vijayalakshmi, Ramasamygounder Thangavelu, and One other member serve as directors at the Company.
Company Details
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Location
Namakkal, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17111TZ2003PTC010459
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Company No.
010459
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
30 Jan 2003
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Date of AGM
27 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Victory Spinning Mills?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pallipalayam Sundaram
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Managing Director | 30-Jan-2003 | Current |
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Ramasamygounder Thangavelu
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Managing Director | 30-Jan-2003 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Sundaram Vijayalakshmi
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Director | 30-Jan-2003 | Current |
|
Thangavelu Balachandar
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Director | 30-Jan-2003 | Current |
Financial Performance of Victory Spinning Mills.
Victory Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 23.38% decrease. The company also saw a substantial fall in profitability, with a 56.95% decrease in profit. The company's net worth moved up by a moderate rise of 1.28%.
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What is the Ownership and Shareholding Structure of Victory Spinning Mills?
In 2023, Victory Spinning Mills had a promoter holding of 85.44% and a public holding of 14.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Vk Victory Yarns India Private LimitedPallipalayam Sundaram and Sundaram Vijayalakshmi are mutual person
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Skv Yarns Private Limited
Pallipalayam Sundaram and Sundaram Vijayalakshmi are mutual person
Charges (Loans)
₹59.60 Cr
₹113.73 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 59.48 Cr
- Canara Bank : 0.12 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 May 2020 | Axis Bank Limited | ₹2.00 Cr | Open |
| 31 Oct 2019 | Canara Bank | ₹1.23 M | Open |
| 15 Oct 2018 | Axis Bank Limited | ₹57.48 Cr | Open |
| 29 Apr 2013 | Corporation Bank | ₹36.25 Cr | Satisfied |
| 24 Jan 2005 | Others | ₹77.48 Cr | Satisfied |
How Many Employees Work at Victory Spinning Mills?
Victory Spinning Mills has a workforce of 157 employees as of Apr 07, 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 Victory 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 Victory 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.