KATARE SPINNING MILLS LIMITED

Last Updated on ' Wed Aug 19 00:00:00 IST 2020 '
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Description
The Katare Group started weaving Industry with 4 Powerlooms in 1949 Considering the need of Yarn of Solapur Jacquard Factories, they diversified their activities into Spinning Industry in 1974 and installed 3000 Spindles and started Yarn 6s Count for Jacquard Chaddars. Then 1984 they entered into large scale and set up a Unit of 25,000 Spindles and 10,000 Spindles Doubling at Kamalanagar ,TamalwadiTalukaTuljapur, District Osmanabad with excellent and latest technology. It is the first and foremost Company in solapur which plysits buses for their Workers. In 1992 they have set up an Unit No. 2 with 12,500 Spindles at Kamalanagar, Tamalwadi and also modernized their M.I.D.C. Unit with new machinery and technology. After successful implemetationof the Textiles Spinning Units the Katare Group felt the necessity of World Hospitality at Solapur Which is a first started Hotel in Solapur and they had ability of fulfill and vital gap in the City of Solapur, namely to provide a really world Class, high quality hotel for both the business and tourists visitors. HOTEL TRIPURSUNDARI The Belle of the three worlds, the beauty, par excellence in the Traid as we named this magnificent Hotel, consisting of 54 Rooms and Suites, opened its doors to the public on 20th March, 1997. It has everything that a world Class modern Hotel needs ANNAPURNA, UPASANA the international cuisine restaurants, Kamala the Banquet Hall a Shopping Arcade, and a state of the art business canter. Most of the modern facilities are available for the first time in Solapur.
Sector
Electronic Manufacturing
Sub Sector
Textiles
Company Type
Listed
Type
Manufacturing
Employees
-
Register Address
14/30 GROUND FLOOR, B WING, KATARE COMPLEX, GANDHINAGAR, BL. NO. 10 Solapur Solapur MH 413006 IN
Website
https://katarespinningmillslimited.com/
Key Products/Services
Preparation And Spinning Of Cotton Fiber Including Blended Cotton
Key Resources/Assets
Office in Solapur Maharastra
Stressed Asset Details Expand All 
-
USD 0
Stressed Asset Related Documents
1.pdf
September-18-Financial-Discloser.pdf
Financial Information Documents
No Document found
Year Revenue (in INR Crores) Net Income (in INR Crores) Liabilities (in INR Crores) Fixed & Current Assets (in INR Crores) Current Ratio Quick Ratio RoE RoA EBITDA Margin PAT Margin
2015 4.6 mn 0 4.92 mn 2.78 mn 0.48 0.36 0.02 0.0 2.02 0.51
2016 4.46 mn 0 5.08 mn 2.66 mn 0.48 0.38 0.0 0.0 8.48 0.0
2017 4.54 mn 0 4.71 mn 2.57 mn 0.34 0.25 0.0 0.0 1.39 0.0
Stressed Assets Timeline Fri Jul 17 00:00:00 IST 2020
Defined Date Without Date

Commencement of CIRP

Fri Jul 17 00:00:00 IST 2020Fri Jul 17 00:00:00 IST 2020
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Public Announcement by Resolution Professional

Fri Jul 17 00:00:00 IST 2020Fri Jul 17 00:00:00 IST 2020
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Claim submission

Fri Jul 31 00:00:00 IST 2020Fri Jul 31 00:00:00 IST 2020
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Invitation for Expression of Interest

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Submission of Expression of Interest

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Submission of Resolution Plan

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Committee of Creditors Approval

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Submission of Resolution Plan to NCLT

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Approval of Resolution Plan by NCLT

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