Sree Prashant Spinners Limited
About Sree Prashant Spinners Limited
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Sree Prashant Spinners Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 September 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17111TN1983PLC010320. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.8 Cr. It is led by directors including Prabhakar Palayam Rangaiah Chetty (Managing Director) and Vachani Palaniyandi Ravi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Flat No.6 Second Floor 88 4th Main Road Abhiramapuram, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2016, the company reported a revenue of ₹5.23 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹3.23 Cr (net margin -61.8%) and EBITDA of -₹2.47 Cr (EBITDA margin -47.2%).
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.69 Cr and satisfied charges of ₹9.22 Cr on record. Court records list 10 cases involving the company, including 2 filed by the company and 8 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Sree Prashant Spinners Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No.6 Second Floor 88 4th Main Road Abhiramapuram, Chennai, Tamil Nadu, India – 600018
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sree Prashant Spinners 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 Sree Prashant 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 Sree Prashant Spinners Limited, buy the company report.
Financials of Sree Prashant Spinners Limited
FY 2016 filings availableSree Prashant Spinners Limited reported revenue of ₹5.23 Cr (down 69% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 69% in the latest year. EBITDA rose 53% 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 | ₹5.23 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹2.47 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹3.23 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 | -47.2% | |
| Net Profit Margin | -61.8% | |
| 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 Sree Prashant Spinners Limited, buy the company report.
Board of directors of Sree Prashant Spinners Limited
Sree Prashant Spinners has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhakar Palayam Rangaiah Chetty | Managing Director | 16 Sep 1983 | 43 Years 1 Months | Current |
| Vachani Palaniyandi Ravi | Whole-Time Director | 29 Sep 2012 | 14 Years 1 Months | Current |
| Prabhakar Jayashree | Director | 25 Apr 1991 | 35 Years 6 Months | Current |
Peer comparison
Sree Prashant Spinners Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Bhairav Yarns Private Limited | ₹5.24 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Bon Shirtings Pvt Ltd | ₹5.24 Cr (FY 2025) | 8.0% | Bhilwara, Rajasthan, India | |||
| Sree Prashant Spinners Limitedthis company | ₹5.23 Cr (FY 2016) | -₹3.23 Cr | -61.8% | -69.0% | 20 | Chennai, Tamil Nadu, India |
| Jaimurugan Textiles Limited | ₹5.23 Cr (FY 2015) | -89.0% | Tirupur, Tamil Nadu, India | |||
| Abhi Fab Private Limited | ₹5.23 Cr (FY 2024) | 13.0% | Delhi, India | |||
| Gurudev Textiles Processors Private Limited | ₹5.22 Cr (FY 2019) | -1.0% | Badlapur, Maharashtra, India |
To see the full peer comparison of Sree Prashant Spinners Limited, buy the company report.
Auditor
Sree Prashant Spinners Limited is audited by V. Srikrishnan for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Srikrishnan | FY 2016 |
Shareholding
The shareholding of Sree Prashant Spinners 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 Sree Prashant Spinners Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 1994 | 90304786 | Icici Limited | ₹2 Cr | Open | |
| 26 Nov 1992 | 90306112 | Nagarjuna Finance Ltd. | ₹46.21 Lakh | Open | |
| 25 Jul 1991 | 90306056 | Nagarjuna Finance Ltd. | ₹2.96 Lakh | Open | |
| 15 Mar 1991 | 90306026 | Nagarjuna Finance Ltd. | ₹19.51 Lakh | Open | |
| 02 May 1998 | 90303703 | Indian Overseas Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Sree Prashant Spinners Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Sree Prashant Spinners Limited has 10 court cases on record: 2 filed by Sree Prashant Spinners, 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 6 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chittoor, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Kadapa, Andhra Pradesh | Criminal complaint | Filed against the company by Sai Krishna Cotton Traders | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed against the company by M/S. Krishna Ganga Spinning Mills (P) Ltd., | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company by M/S. Krishna Ganga Spinning Mills (P) Ltd., | Disposed |
To see the full case history of Sree Prashant Spinners 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 Sree Prashant Spinners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sree Prashant Spinners Limited has a workforce of 20 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Sree Prashant Spinners has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sree Prashant Spinners Limited, buy the company report.
Recent activity
Sree Prashant Spinners Limited has 6 board changes on record since 1983: 3 appointments and 3 cessations. The latest: Palayam Prashant Prabhakar ceased to be Director on 06 Aug 2013.
7 earlier events are in the company report.
Frequently asked questions
Sree Prashant Spinners is an active public limited company based in Chennai, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 September 1983 (43+ years old) and is registered under CIN U17111TN1983PLC010320.
Sree Prashant Spinners has 3 current directors:
- Prabhakar Palayam Rangaiah Chetty - Managing Director
- Vachani Palaniyandi Ravi - Whole-Time Director
- Prabhakar Jayashree - Director
The latest financial statements of Sree Prashant Spinners on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Sree Prashant Spinners has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Sree Prashant Spinners is U17111TN1983PLC010320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sree Prashant Spinners has 10 court cases on record: 2 filed by the company and 8 filed against it. Most are in the high courts.
Sree Prashant Spinners was incorporated on 16 September 1983, making it 43+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Sree Prashant Spinners by revenue are Bhairav Yarns Private Limited, Bon Shirtings Pvt Ltd, Jaimurugan Textiles Limited, Abhi Fab Private Limited, Gurudev Textiles Processors Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Palayam Prashant Prabhakar ceased to be Director on 06 Aug 2013. Vachani Palaniyandi Ravi was appointed as Whole-Time Director on 29 Sep 2012. Palayam Rangaiah Chetty Srinivas ceased to be Director on 31 Mar 2011. Sree Prashant Spinners has 6 board changes on record in total.
The registered office of Sree Prashant Spinners is at Flat No.6 Second Floor 88 4th Main Road Abhiramapuram, Chennai, Tamil Nadu, India – 600018.
Sree Prashant Spinners operates in the manufacturing industry, in the textile and fabric production segment.
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