About Chida Spinning Mills Pvt Ltd
Data last updated:
Chida Spinning Mills Pvt Ltd is a private limited company based in Puttur, Andhra Pradesh, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 15 February 1982.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U18100AP1982PTC003396. Its GSTIN is 37AABCC2353C1Z6 (Andhra Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.4 Cr and a paid-up capital of ₹2.25 Cr. It is led by directors including Chidambaram Chettiar Nachiappan and Periakaruppan Veerappan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Puttur, Andhra Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹60.28 Cr. For the same year it recorded a net loss of ₹1.39 Cr (net margin -2.3%) and EBITDA of ₹1.51 Cr (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹9.11 Cr and satisfied charges of ₹69.24 Cr on record.
The last known website on record is chidaspinning.com.
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- Website
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- Registered AddressDoor No.6/59 Kalyanapuram Village, Narayanavanam Road And Mandal, Puttur, Andhra Pradesh, India – 517583
- IndustryManufacturing, Textile & Fabric Production
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Financials of Chida Spinning Mills Pvt Ltd FY 2024 filings available
Chida Spinning Mills Pvt Ltd reported revenue of ₹60.28 Cr for FY 2023.
Compounded Annual Growth Rate (CAGR) of Chida Spinning Mills Pvt Ltd
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Chida Spinning Mills Pvt Ltd
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹60.28 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.51 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.39 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Chida Spinning Mills Pvt Ltd
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Chida Spinning Mills are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Chida Spinning Mills Pvt Ltd
Chida Spinning Mills has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chidambaram Chettiar Nachiappan | Director | 24 Nov 2007 | 18 Years 10 Months | As last reported |
| Periakaruppan Veerappan Also directs: East India Corporation Limited | Director | 21 Jun 2019 | 7 Years 3 Months | As last reported |
| Murugappan | Director | 02 Jun 1982 | 44 Years 4 Months | As last reported |
| Sriram | Irp/Rp/Liquidator | 07 Apr 2025 | 1 Years 6 Months | As last reported |
| Chidambaram Periakaruppan | Director | 30 Nov 2010 | 15 Years 10 Months | As last reported |
Auditor Details of Chida Spinning Mills Pvt Ltd
Chida Spinning Mills Pvt Ltd is audited by C RAMASAMY & B SRINIVASAN for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C RAMASAMY & B SRINIVASAN | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Chida Spinning Mills Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Chida Spinning Mills Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2021 | City Union Bank Limited | ₹94 Lakh | Satisfied |
| 29 Mar 2021 | City Union Bank Limited | ₹11.5 Cr | Satisfied |
| 17 Nov 2020 | City Union Bank Limited | ₹1.37 Cr | Satisfied |
| 17 Nov 2020 | City Union Bank Limited | ₹3.3 Cr | Satisfied |
| 03 Dec 2019 | City Union Bank Limited | ₹2 Cr | Satisfied |
Total charge records: 53 View all charges
Employees and EPFO Compliance at Chida Spinning Mills Pvt Ltd
Employment history and EPFO contributions of people linked to Chida Spinning Mills.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Chida Spinning Mills Pvt Ltd
Chida Spinning Mills Pvt Ltd has 7 board changes on record since 1982: 5 appointments and 2 cessations. The latest: Sriram was appointed as Irp/Rp/Liquidator on 07 Apr 2025.
131 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Chida Spinning Mills Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Chida Spinning Mills Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Chida Spinning Mills Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Chida Spinning Mills Pvt Ltd
Chida Spinning Mills has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCC2353C1Z6 | Andhra Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Chida Spinning Mills Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Chida Spinning Mills Pvt Ltd
Chida Spinning Mills is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Chida Spinning Mills is a company under liquidation, formerly operating as a private limited company based in Puttur, Andhra Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 15 February 1982 and is registered under CIN U18100AP1982PTC003396. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Chida Spinning Mills reported revenue of ₹60.28 Cr for FY 2023.
Chida Spinning Mills has 5 current directors:
- Chidambaram Chettiar Nachiappan - Director
- Periakaruppan Veerappan - Director
- Murugappan - Director
- Chidambaram Periakaruppan - Director
- Sriram - Irp/Rp/Liquidator
Chida Spinning Mills reported a net loss of ₹1.39 Cr (net margin -2.3%) and EBITDA of ₹1.51 Cr (EBITDA margin 2.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Chida Spinning Mills is 31% over three years and 10% over five years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Chida Spinning Mills is U18100AP1982PTC003396. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chida Spinning Mills has open charges of ₹9.11 Cr and satisfied charges of ₹69.24 Cr as per latest MCA filings.
Chida Spinning Mills was incorporated on 15 February 1982. It is registered with the Registrar of Companies, Vijayawada.
Sriram was appointed as Irp/Rp/Liquidator on 07 Apr 2025. Periakaruppan Veerappan was appointed as Director on 21 Jun 2019. Veerappan Chidambaram ceased to be Director on 08 Jun 2019. Chida Spinning Mills has 7 board changes on record in total.