Praveen Spinners (India) Private Limited
About Praveen Spinners (India) Private Limited
Data last updated:
Praveen Spinners (India) Private Limited was a private limited company based in Hyderabad, Telangana, India. 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 19 May 2010.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U17290TG2010PTC068488. Its GSTIN is 37AAFCP4747B1ZH (Andhra Pradesh).
The company had an authorised share capital of ₹45 Cr and a paid-up capital of ₹41.09 Cr. It was led by directors Venkatakoteswara Rao Kollipara (Whole-Time Director) and Ramachandra Rao Kollipara.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Praveen Chambers 305 B Block Kushal Towers Khairatabad, Hyderabad, Telangana, India – 500004.
As per the financials filed for FY 2020, the company reported a revenue of ₹54.84 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹6.48 Cr (net margin -11.8%) and EBITDA of -₹89.12 Lakh (EBITDA margin -1.6%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 8% over five years.
As per MCA filings, the company had satisfied charges of ₹56.5 Cr on record.
Company details
CIN history
Praveen Spinners (India) has one previous CIN (Corporate Identification Number): U17290AP2010PTC068488. The current CIN is U17290TG2010PTC068488, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17290TG2010PTC068488 | Current |
| U17290AP2010PTC068488 | Previous |
Contact details
Praveen Spinners (India) Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPraveen Chambers 305 B Block Kushal Towers Khairatabad, Hyderabad, Telangana, India – 500004
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Praveen Spinners (India) 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 Praveen Spinners (India) 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 Praveen Spinners (India) Private Limited, buy the company report.
Financials of Praveen Spinners (India) Private Limited
FY 2020 filings availablePraveen Spinners (India) Private Limited reported revenue of ₹54.84 Cr (down 26% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 66% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹54.84 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹89.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.48 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.6% | ||||
| Net Profit Margin | -11.8% | ||||
| 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 Praveen Spinners (India) Private Limited, buy the company report.
Board of directors and KMP of Praveen Spinners (India) Private Limited
Praveen Spinners (India) Private Limited currently reports 2 directors and 1 key managerial person.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankush Soni Also directs: Kumagai India Private Limited | Company Secretary | 19 Apr 2021 | 5 Years 6 Months | As last reported |
| Venkatakoteswara Rao Kollipara | Whole-Time Director | 19 May 2010 | 16 Years 5 Months | As last reported |
| Ramachandra Rao Kollipara | Director | 19 May 2010 | 16 Years 5 Months | As last reported |
Peer comparison
Praveen Spinners (India) 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 |
|---|---|---|---|---|---|---|
| Praveen Spinners (India) Private Limitedthis company | ₹54.84 Cr (FY 2020) | -₹6.48 Cr | -11.8% | -26.0% | Hyderabad, Telangana, India | |
| PSM Poddar Synthetic Private Limited | ₹40.98 Cr (FY 2025) | -11.0% | Mumbai, Maharashtra, India | |||
| Nagoora Fabrics Private Limited | ₹40.95 Cr (FY 2025) | 68.0% | Delhi, India | |||
| Kolour Spintek Limited | ₹40.95 Cr (FY 2024) | -2.0% | Hyderabad, Telangana, India | |||
| Adore Suitings Private Limited | ₹40.92 Cr (FY 2025) | 40.0% | Rajasthan, India | |||
| Eric Apparel Private Limited | ₹40.89 Cr (FY 2024) | -2.0% | Mumbai, Maharashtra, India | |||
| S.K. Knitfab Private Limited | ₹40.84 Cr (FY 2025) | 25.0% | Kolkata, West Bengal, India | |||
| Sankeshwara Rayons Private Limited | ₹40.81 Cr (FY 2025) | 3.0% | Salem, Tamil Nadu, India | |||
| Amrit Impex Private Limited | ₹40.75 Cr (FY 2025) | 37.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Praveen Spinners (India) Private Limited, buy the company report.
Auditor
Praveen Spinners (India) Private Limited is audited by ADUSUMILLI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADUSUMILLI & ASSOCIATES | FY 2019 | 006983S |
Shareholding
The shareholding of Praveen Spinners (India) Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Praveen Spinners (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Apr 2011 | 10284454 | State Bank of India | ₹56.5 Cr | Satisfied |
To see the full charge records of Praveen Spinners (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Praveen Spinners (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Praveen Spinners (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Praveen Spinners (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCP4747B1ZH | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Praveen Spinners (India) Private Limited, buy the company report.
Recent activity
Praveen Spinners (India) Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Ankush Soni was appointed as Company Secretary on 19 Apr 2021.
Frequently asked questions
Praveen Spinners (India) 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.
Praveen Spinners (India) was a private limited company based in Hyderabad, Telangana, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 19 May 2010 and is registered under CIN U17290TG2010PTC068488. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Praveen Spinners (India) was incorporated on 19 May 2010. It is registered with the Registrar of Companies, Hyderabad.
Praveen Spinners (India) had 3 directors and KMP:
- Venkatakoteswara Rao Kollipara - Whole-Time Director
- Ramachandra Rao Kollipara - Director
- Ankush Soni - Company Secretary
The CIN (Corporate Identification Number) of Praveen Spinners (India) is U17290TG2010PTC068488. 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 Praveen Spinners (India) is at Praveen Chambers 305 B Block Kushal Towers Khairatabad, Hyderabad, Telangana, India – 500004.
The latest financial statements of Praveen Spinners (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Praveen Spinners (India) is 37AAFCP4747B1ZH, registered in Andhra Pradesh.
Praveen Spinners (India) operated in the manufacturing industry, in the textile and fabric production segment.
The peers of Praveen Spinners (India) by revenue are PSM Poddar Synthetic Private Limited, Nagoora Fabrics Private Limited, Kolour Spintek Limited, Adore Suitings Private Limited, Eric Apparel Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ankush Soni was appointed as Company Secretary on 19 Apr 2021. Ramachandra Rao Kollipara was appointed as Director on 19 May 2010. Venkatakoteswara Rao Kollipara was appointed as Whole-Time Director on 19 May 2010.
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