Status Spinning Mills Private Limited
About Status Spinning Mills Private Limited
Data last updated:
Status Spinning Mills Private Limited was a private limited company based in Pallipalayam, Tamil Nadu, India, operated as a subsidiary of Vst Spintex (India) Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 23 June 1995.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1995PTC006259. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.6 Cr. It was led by directors including Sudha Thangavell and Nagarajan.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 4 K.R.P.A.D.Road Cross Street – 2 Pallipalayam, Tamil Nadu, India – 638006.
As per the financials filed for FY 2017, the company reported a revenue of ₹15.16 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹75.23 Lakh (net margin 5%) and EBITDA of ₹2.43 Cr (EBITDA margin 16%).
The company had about 56 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹6.48 Cr and satisfied charges of ₹10.48 Cr on record. Court records list 11 cases involving the company, including 5 filed by the company and 6 filed against it.
Company details
Contact details
Status Spinning Mills Private Limited's registered office is in Pallipalayam, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address4 K.R.P.A.D.Road Cross Street – 2 Pallipalayam, Tamil Nadu, India – 638006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Status Spinning Mills 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 Status Spinning Mills is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Status Spinning Mills Private Limited, buy the company report.
Financials of Status Spinning Mills Private Limited
FY 2017 filings availableStatus Spinning Mills Private Limited reported revenue of ₹15.16 Cr (up 29% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 29% in the latest year. EBITDA rose 118% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
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| Total Expenses | |||
| EBITDA | ₹2.43 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹75.23 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
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| Trade Payables | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 16% | ||
| Net Profit Margin | 5% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| Receivable Days | |||
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| Net Profit Growth | |||
To see the full financial statements and ratios of Status Spinning Mills Private Limited, buy the company report.
Board of directors of Status Spinning Mills Private Limited
Status Spinning Mills has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudha Thangavell | Director | 31 Oct 2014 | 12 Years 0 Months | As last reported |
| Nagarajan | Director | 15 Oct 2014 | 12 Years 0 Months | As last reported |
| Balasubramaniam Suresh | Director | 31 Oct 2014 | 12 Years 0 Months | As last reported |
| Amit Saigal | Director | 31 Oct 2014 | 12 Years 0 Months | As last reported |
Auditor
Status Spinning Mills Private Limited is audited by Karthikeyan & Jayaram for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Karthikeyan & Jayaram | FY 2016 |
Shareholding
The shareholding of Status Spinning Mills Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Status Spinning Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2015 | 10566060 | Tamilnad Mercantile Bank Ltd | ₹6.48 Cr | Open | |
| 29 Apr 2005 | 90007272 | Indian Overseas Bank | ₹7.53 Cr | Satisfied | |
| 22 Mar 1997 | 90006830 | Tamilnadu Mercantile Bank Ltd | ₹45 Lakh | Satisfied | |
| 30 Apr 1996 | 90006787 | State Industries Promotion Corp. of Tamilnadu Ltd | ₹2.5 Cr | Satisfied |
To see the full charge records of Status Spinning Mills Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Status Spinning Mills Private Limited has 11 court cases on record: 5 filed by Status Spinning Mills, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 6 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Tamil Nadu Generation Adn Distribution Corporation Ltd and 2 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by individuals | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by individuals | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Tamil Nadu Generation Adn Distribution Corporation Ltd M/S Gunaraj P., ,S.K. Raameshuwar,P.R.Dhilipkumar and 2 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Tamil Nadu Generation Adn Distribution Corporation Ltd M/S Gunaraj P., ,S.K. Raameshuwar,P.R.Dhilipkumar and 2 others | Disposed |
To see the full case history of Status Spinning Mills 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 Status Spinning Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Status Spinning Mills Private Limited has a workforce of 56 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Status Spinning Mills has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Status Spinning Mills Private Limited, buy the company report.
Recent activity
Status Spinning Mills Private Limited has 13 board changes on record since 2014: 4 appointments and 9 cessations. The latest: Amit Saigal ceased to be Additional Director on 28 Aug 2015.
14 earlier events are in the company report.
Frequently asked questions
Status Spinning Mills has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Status Spinning Mills was a private limited company based in Pallipalayam, Tamil Nadu, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 23 June 1995 and is registered under CIN U17111TZ1995PTC006259. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Status Spinning Mills was incorporated on 23 June 1995. It is registered with the Registrar of Companies, Coimbatore.
Status Spinning Mills had 4 directors:
- Sudha Thangavell - Director
- Nagarajan - Director
- Balasubramaniam Suresh - Director
- Amit Saigal - Director
The CIN (Corporate Identification Number) of Status Spinning Mills is U17111TZ1995PTC006259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Status Spinning Mills is at 4 K.R.P.A.D.Road Cross Street – 2 Pallipalayam, Tamil Nadu, India – 638006.
The latest financial statements of Status Spinning Mills on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Status Spinning Mills has 1 GST registration on record and it is cancelled or inactive.
Status Spinning Mills operated in the manufacturing industry, in the textile and fabric production segment.
Status Spinning Mills has 11 court cases on record: 5 filed by the company and 6 filed against it. Most are in the high courts.
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