Midhunam Spinners Private Limited
About Midhunam Spinners Private Limited
Data last updated:
Midhunam Spinners Private Limited is a private limited company based in Tiruchengode, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 02 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1995PTC005755. Its GSTIN is 33AACCM2706Q1ZD (Tamil Nadu).
The company has an authorised share capital of ₹1.95 Cr and a paid-up capital of ₹1.95 Cr. It is led by directors Raja Praveen (Whole-Time Director) and Anand Tirunavkkarasu (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 74 Gsalem Road Tiruchengode, Tamil Nadu, India – 637211.
As per the financials filed for FY 2016, the company reported a revenue of ₹8.71 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹1.47 Cr (net margin -16.8%) and EBITDA of ₹20.4 Lakh (EBITDA margin 2.3%).
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.55 Cr and satisfied charges of ₹2.67 Cr on record. Court records list 26 cases involving the company, including 13 filed by the company and 13 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Midhunam Spinners Private Limited's registered office is in Tiruchengode, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address74 Gsalem Road Tiruchengode, Tamil Nadu, India – 637211
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Midhunam 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 Midhunam 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 Midhunam Spinners Private Limited, buy the company report.
Financials of Midhunam Spinners Private Limited
FY 2016 filings availableMidhunam Spinners Private Limited reported revenue of ₹8.71 Cr (down 31% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year. EBITDA fell 90% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹8.71 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹20.4 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.47 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.3% | |
| Net Profit Margin | -16.8% | |
| 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 Midhunam Spinners Private Limited, buy the company report.
Board of directors of Midhunam Spinners Private Limited
Midhunam Spinners has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raja Praveen Also directs: Ucm Fabrics Private Limited | Whole-Time Director | 05 Jan 2006 | 20 Years 9 Months | Current |
| Anand Tirunavkkarasu | Whole-Time Director | 10 Apr 2000 | 26 Years 6 Months | Current |
Peer comparison
Midhunam Spinners Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Suryashakti Weaves Private Limited | ₹8.72 Cr (FY 2025) | 14.0% | Surat, Gujarat, India | |||
| Vijay Kalyan Vinayak Weaving Private Limited | ₹8.72 Cr (FY 2024) | 25.0% | Madurai, Tamil Nadu, India | |||
| Midhunam Spinners Private Limitedthis company | ₹8.71 Cr (FY 2016) | -₹1.47 Cr | -16.8% | -31.0% | 27 | Tiruchengode, Tamil Nadu, India |
| Southern Sportswear Private Limited | ₹8.7 Cr (FY 2022) | 104.0% | 29 Eldams Road Madras, Tamil Nadu, India | |||
| Lakhani Synthetics Pvt Ltd | ₹8.7 Cr (FY 2025) | -8.0% | Surat, Gujarat, India | |||
| Shakambhari Synthetics Private Limited | ₹8.69 Cr (FY 2025) | 28.0% | Surat, Gujarat, India | |||
| Spectra Fashions Private Limited | ₹8.69 Cr (FY 2018) | 36.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Midhunam Spinners Private Limited, buy the company report.
Auditor
Midhunam Spinners Private Limited is audited by N C RAJAGOPAL & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N C RAJAGOPAL & CO | FY 2016 | 003398S |
Shareholding
The shareholding of Midhunam Spinners Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Midhunam Spinners Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Sep 2000 | 90003618 | Tamilnad Mercantile Bank Limited | ₹7.55 Cr | Open | |
| 12 Feb 2005 | 90004592 | Tamilnad Mercantile Bank Ltd. | ₹2.48 Cr | Satisfied | |
| 19 Feb 2001 | 90003701 | Tamilnad Mercantile Bank Ltd | ₹19.18 Lakh | Satisfied |
To see the full charge records of Midhunam Spinners Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Midhunam Spinners Private Limited has 26 court cases on record: 13 filed by Midhunam Spinners, 13 filed against it. 2 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 9 | 2 |
| District courts | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by M/S.Arnica Enterprises Private Limited | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against M/S.Arnica Enterprises Private Limited, and 1 other | Disposed |
| District court, Namakkal, Tamil Nadu | Execution petition | Filed against the company by M/S.The Cotton Corporation of India Ltd,Rep by Its Branch Manager,Coimbatore | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Midhunam 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.
Credit ratings & regulatory alerts
Midhunam Spinners Private Limited was last rated by Crisil on 18 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Feb 2020 |
To see the full credit ratings and regulatory alerts of Midhunam Spinners Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Midhunam Spinners Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midhunam Spinners Private Limited has a workforce of 27 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Midhunam Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCM2706Q1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midhunam Spinners Private Limited, buy the company report.
Recent activity
Midhunam Spinners Private Limited has 5 board changes on record since 2000: 2 appointments and 3 cessations. The latest: Tiruchengode Narayanamudaliar Arumugam ceased to be Whole-Time Director on 29 Nov 2013.
3 earlier events are in the company report.
Frequently asked questions
Midhunam Spinners is an active 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 02 February 1995 (31+ years old) and is registered under CIN U17111TZ1995PTC005755.
Midhunam Spinners has 2 current directors:
- Raja Praveen - Whole-Time Director
- Anand Tirunavkkarasu - Whole-Time Director
The latest financial statements of Midhunam Spinners on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 28 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Midhunam Spinners is 33AACCM2706Q1ZD, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Midhunam Spinners is U17111TZ1995PTC005755. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midhunam Spinners has 26 court cases on record: 13 filed by the company and 13 filed against it. 2 are pending. Most are in the high courts.
Midhunam Spinners was incorporated on 02 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Midhunam Spinners by revenue are Suryashakti Weaves Private Limited, Vijay Kalyan Vinayak Weaving Private Limited, Southern Sportswear Private Limited, Lakhani Synthetics Pvt Ltd, Shakambhari Synthetics Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Tiruchengode Narayanamudaliar Arumugam ceased to be Whole-Time Director on 29 Nov 2013. Anand Tirunavkkarasu ceased to be Director on 05 Jan 2006. Raja Praveen was appointed as Whole-Time Director on 05 Jan 2006. Midhunam Spinners has 5 board changes on record in total.
The registered office of Midhunam Spinners is at 74 Gsalem Road Tiruchengode, Tamil Nadu, India – 637211.
Midhunam Spinners operates in the manufacturing industry, in the textile and fabric production segment.