KMP Spinners Private Limited
About KMP Spinners Private Limited
Data last updated:
KMP Spinners Private Limited is a private limited company based in Tiruchengode, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 12 July 2006.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2006PTC012922. Its GSTIN is 33AAECP0293M1ZA (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹6.49 Cr. It was formerly known as Pavizham Spinners Private Limited. It is led by directors Muthusamymudaliyar Panneerselvam Sakthivel and Muthusamy Panneerselvam Mohansundar.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Sf No.299/7 Paraikkadu Ellanthaikuttai Pirivu Veppadai Post, Tiruchengode, Tamil Nadu, India – 638008.
As per the financials filed for FY 2018, the company reported a revenue of ₹58.49 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹58.35 Lakh (net margin 1%) and EBITDA of ₹5 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
The company has about 49 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30.52 Cr and satisfied charges of ₹41.82 Lakh on record. Court records list 62 cases involving the company, including 33 filed by the company and 29 filed against it; 5 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹6.48 Cr; the latest was in March 2016. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 4 smaller; the largest is Swaraj Sulz Private Limited with revenue of ₹58.81 Cr.
Company details
Contact details
KMP Spinners Private Limited's registered office is in Tiruchengode, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressSf No.299/7 Paraikkadu Ellanthaikuttai Pirivu Veppadai Post, Tiruchengode, Tamil Nadu, India – 638008
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of KMP Spinners Private Limited, buy the company report.
- 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
Business activity
The main business activity of KMP Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of KMP Spinners Private Limited, buy the company report.
Financials of KMP Spinners Private Limited
FY 2018 filings availableKMP Spinners Private Limited reported revenue of ₹58.49 Cr (up 31% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over three years, including 31% growth in the latest year. EBITDA rose 37% in the latest year. 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹58.49 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹5 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹58.35 Lakh | |||
| 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 8.6% | |||
| Net Profit Margin | 1% | |||
| 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 | ||||
To see the full financial statements and ratios of KMP Spinners Private Limited, buy the company report.
Board of directors of KMP Spinners Private Limited
KMP Spinners has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthusamymudaliyar Panneerselvam Sakthivel | Director | 12 Jul 2006 | 20 Years 3 Months | As last reported |
| Muthusamy Panneerselvam Mohansundar | Director | 31 Oct 2013 | 12 Years 11 Months | As last reported |
Peer comparison
KMP Spinners Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swaraj Sulz Private Limited | ₹58.81 Cr (FY 2025) | 11.0% | Bhilwara, Rajasthan, India | |||
| Sri Balambika Textile Mills Private Limited | ₹58.74 Cr (FY 2024) | -11.0% | Tirupur, Tamil Nadu, India | |||
| Seamless Fabrics Private Limited | ₹58.72 Cr (FY 2025) | 7.0% | Sachin, Gujarat, India | |||
| Orient Craft Fashion Industries Limited | ₹58.55 Cr (FY 2025) | -26.0% | New Delhi, Delhi, India | |||
| KMP Spinners Private Limitedthis company | ₹58.49 Cr (FY 2018) | ₹58.35 Lakh | 1% | 31.0% | 49 | Tiruchengode, Tamil Nadu, India |
| Rajalakshmi Spinners Private Limited | ₹58.48 Cr (FY 2025) | 4.0% | Tamil Nadu, India | |||
| Winner Nippon Leatherette Private Limited | ₹58.45 Cr (FY 2025) | 17.0% | Solan, Himachal Pradesh, India | |||
| Vinayak Cotton Mills Private Limited | ₹58.38 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Auburn Design Private Limited | ₹58.35 Cr (FY 2024) | 55.0% | Bangalore, Karnataka, India |
To see the full peer comparison of KMP Spinners Private Limited, buy the company report.
Auditor
KMP Spinners Private Limited is audited by V E K A M AND ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V E K A M AND ASSOCIATES | FY 2018 | 005256S |
Shareholding
The shareholding of KMP Spinners Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of KMP Spinners Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2018 | 100196237 | Others | ₹62.89 Lakh | Open | |
| 09 Feb 2018 | 100211912 | Others | ₹7.26 Cr | Open | |
| 05 Feb 2007 | 10037526 | Indian Overseas Bank | ₹22.63 Cr | Open | |
| 30 May 2013 | 10432445 | Ing Vysya Bank Limited | ₹41.82 Lakh | Satisfied |
To see the full charge records of KMP Spinners Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
KMP Spinners Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹6.48 Cr; the latest was in March 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Funding round | ₹1.5 Cr | Investors: 4 individuals |
| Mar 2008 | Funding round | ₹4.98 Cr | Investors: K Manohar HUF, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
KMP Spinners Private Limited has 62 court cases on record: 33 filed by KMP Spinners, 29 filed against it. 5 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 19 | 5 |
| High courts | 16 | 8 | 0 |
| NCLT | 3 | 2 | 0 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Salem, Tamil Nadu | Appeal | Filed by the company against M S Sambandam Spinning Mills Limited Rep by Its Managing Director Gunasekaran | Pending |
| District court, Erode, Tamil Nadu | Appeal | Filed by the company against JPP Mills P Ltd., Rep by Executive Director A.S. Karthikeyan | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by Aditya Birla Finance Limited | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by Vanipriya Textiles Private Limited | Disposed |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed by the company against JPP Mills P Ltd., Rep by Executive Director A.S. Karthikeyan | Disposed |
To see the full case history of KMP Spinners Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for KMP Spinners Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
KMP Spinners Private Limited has a workforce of 49 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
KMP Spinners has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECP0293M1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of KMP Spinners Private Limited, buy the company report.
Recent activity
KMP Spinners Private Limited has 10 board changes on record since 2006: 6 appointments and 4 cessations. The latest: Kanthappan Muthusamy Panneerselvam ceased to be Director on 13 Sep 2021.
7 earlier events are in the company report.
Frequently asked questions
KMP Spinners is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
KMP Spinners is a company under insolvency, formerly operating as a private limited company based in Tiruchengode, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 12 July 2006 and is registered under CIN U17111TZ2006PTC012922. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
KMP Spinners has 2 current directors:
- Muthusamymudaliyar Panneerselvam Sakthivel - Director
- Muthusamy Panneerselvam Mohansundar - Director
The latest financial statements of KMP Spinners on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of KMP Spinners is U17111TZ2006PTC012922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
KMP Spinners has open charges of ₹30.52 Cr and satisfied charges of ₹41.82 Lakh as per latest MCA filings.
KMP Spinners has 62 court cases on record: 33 filed by the company and 29 filed against it. 5 are pending. Most are in the district courts.
KMP Spinners was incorporated on 12 July 2006. It is registered with the Registrar of Companies, Coimbatore.
KMP Spinners has 2 deals on record (2 funding rounds), with disclosed funding of ₹6.48 Cr; the latest was in March 2016.
The peers of KMP Spinners by revenue are Swaraj Sulz Private Limited, Sri Balambika Textile Mills Private Limited, Seamless Fabrics Private Limited, Orient Craft Fashion Industries Limited, Rajalakshmi Spinners Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kanthappan Muthusamy Panneerselvam ceased to be Director on 13 Sep 2021. Rajendran Subha ceased to be Director on 13 Sep 2021. Komarasamy Manohar ceased to be Director on 31 Oct 2013. KMP Spinners has 10 board changes on record in total.