MC Spinnings Private Limited
About MC Spinnings Private Limited
Data last updated:
MC Spinnings Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2011PTC017114. Its GSTIN is 33AAHCM2145C1Z0 (Tamil Nadu).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹15 Cr. It was formerly known as M C Spinners Private Limited. It is led by directors including Ramasamy Doraiswamy and Carthic.
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 New No. 750/34 – 37 Old No. 1055/36 Gowtham Centre Avinashi Road, Coimbatore, Tamil Nadu, India – 641018.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.23 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹2.46 Cr (net margin -76.2%) and EBITDA of -₹2.73 Cr (EBITDA margin -84.4%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 30% over five years.
The company has about 125 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9 Cr and satisfied charges of ₹63.25 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹14.99 Cr; the latest was in October 2011. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is Rajkamal Clothing & Processing (India) Private Limited with revenue of ₹3.23 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 56 overdue payments to 13 micro and small suppliers.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
MC Spinnings Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNew No. 750/34 – 37 Old No. 1055/36 Gowtham Centre Avinashi Road, Coimbatore, Tamil Nadu, India – 641018
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of MC Spinnings 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 MC Spinnings 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 MC Spinnings Private Limited, buy the company report.
Financials of MC Spinnings Private Limited
FY 2024 filings availableMC Spinnings Private Limited reported revenue of ₹3.23 Cr (down 74% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 74% fall in the latest year. EBITDA fell 114% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹2.73 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹2.46 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -84.4% | ||||
| Net Profit Margin | -76.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of MC Spinnings Private Limited, buy the company report.
Board of directors of MC Spinnings Private Limited
MC Spinnings has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramasamy Doraiswamy | Director | 27 May 2011 | 15 Years 4 Months | Current |
| Carthic | Director | 27 May 2011 | 15 Years 4 Months | Current |
| Chinna Gounder Subramaniam Also directs: Mehala Carona Textiles Private Limited, Cotton Sourcing Company Limited, Ina Industrial Automation Private Limited and 4 more | Director | 27 May 2011 | 15 Years 4 Months | Current |
| Shanmugam Sivaraman | Director | 19 Oct 2011 | 15 Years 0 Months | Current |
Peer comparison
MC Spinnings Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Rajkamal Clothing & Processing (India) Private Limited | ₹3.23 Cr (FY 2023) | 23.0% | Burhanpur, Madhya Pradesh, India | |||
| Manidhari Textiles Private Limited | ₹3.23 Cr (FY 2025) | 53.0% | Pali, Rajasthan, India | |||
| Kesar Fab Private Limited | ₹3.23 Cr (FY 2024) | -37.0% | Thane, Maharashtra, India | |||
| MC Spinnings Private Limitedthis company | ₹3.23 Cr (FY 2025) | -₹2.46 Cr | -76.2% | -74.0% | 125 | Coimbatore, Tamil Nadu, India |
| Sethi Exim Private Limited | ₹3.22 Cr (FY 2025) | 78.0% | Faridabad, Haryana, India | |||
| V N Elastic and Laces Private Limited | ₹3.22 Cr (FY 2024) | -33.0% | Delhi, India | |||
| Gujarat Sheep and Wool Development Corporation Limited | ₹3.22 Cr (FY 2024) | -24.0% | Gandhinagar, Gujarat, India | |||
| Shashwat Textiles Private Limited | ₹3.21 Cr (FY 2025) | -45.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of MC Spinnings Private Limited, buy the company report.
Auditor
MC Spinnings Private Limited is audited by Radha Ganesh & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Radha Ganesh & Co | FY 2023 | 003298S |
Shareholding
The shareholding of MC Spinnings Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MC Spinnings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Aug 2022 | 100603075 | Others | ₹9 Cr | Open | |
| 20 Dec 2017 | 100200864 | Others | ₹11 Cr | Satisfied | |
| 19 Oct 2011 | 10314370 | State Bank of India | ₹52.25 Cr | Satisfied |
To see the full charge records of MC Spinnings Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
MC Spinnings Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹14.99 Cr; the latest was in October 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2011 | Funding round | ₹14.99 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MC Spinnings Private Limited has 3 court cases on record: 2 filed by MC Spinnings, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed against the company by Unispin Card Clothing India Private Limited., | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of MC Spinnings 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.
Credit ratings & regulatory alerts
MC Spinnings Private Limited was last rated by Indiarating on 06 Aug 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 06 Aug 2018 |
To see the full credit ratings and regulatory alerts of MC Spinnings Private Limited, buy the company report.
MSME payment delays
MC Spinnings Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 56 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of MC Spinnings Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
MC Spinnings Private Limited has a workforce of 125 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
MC Spinnings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCM2145C1Z0 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MC Spinnings Private Limited, buy the company report.
Recent activity
MC Spinnings Private Limited has 4 board changes on record since 2011: 4 appointments. The latest: Shanmugam Sivaraman was appointed as Director on 19 Oct 2011.
1 earlier event is in the company report.
Frequently asked questions
MC Spinnings is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 May 2011 (15+ years old) and is registered under CIN U17111TZ2011PTC017114.
MC Spinnings has 4 current directors:
- Ramasamy Doraiswamy - Director
- Carthic - Director
- Chinna Gounder Subramaniam - Director
- Shanmugam Sivaraman - Director
The latest financial statements of MC Spinnings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of MC Spinnings is 33AAHCM2145C1Z0, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of MC Spinnings is U17111TZ2011PTC017114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MC Spinnings has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
MC Spinnings was incorporated on 27 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Coimbatore.
MC Spinnings has 1 deal on record (1 funding round), with disclosed funding of ₹14.99 Cr; the latest was in October 2011.
The peers of MC Spinnings by revenue are Rajkamal Clothing & Processing (India) Private Limited, Manidhari Textiles Private Limited, Kesar Fab Private Limited, Sethi Exim Private Limited, V N Elastic and Laces Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Shanmugam Sivaraman was appointed as Director on 19 Oct 2011. Carthic was appointed as Director on 27 May 2011. Chinna Gounder Subramaniam was appointed as Director on 27 May 2011. MC Spinnings has 4 board changes on record in total.
MC Spinnings has 8 MSME Form 1 returns on record between 2019 and 2023, listing 56 overdue payments to 13 micro and small suppliers. The latest return was filed on 29 Aug 2023.
The registered office of MC Spinnings is at New No. 75034 – 37 Old No. 105536 Gowtham Centre Avinashi Road, Coimbatore, Tamil Nadu, India – 641018.