1. Summary Information

Country

India

Company Name

SKH SHEET METALS COMPONENTS LIMITED

Principal Name 1

Mr. Sunandan Kapur

Status

Moderate

Principal Name 2

Mr. Parvesh Soni

Registration #

17-020833

Street Address

B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan, India

Established Date

30.05.2005

SIC Code

--

Telephone#

Not Available

Business Style 1

Manufacturer

Fax #

Not Available

Business Style 2

--

Homepage

--

Product Name 1

Sheet Metals Components

# of employees

Not Available

Product Name 2

Fuel Tank

Paid up capital

Rs.120,000,000/-

Product Name 3

Heat Shield

Shareholders

Bodies corporate - 0.08%%

Directors or relatives of Directors - 99.91%

Other top fifty shareholder - 0.01%

Banking

Axis Bank Limited

Public Limited Corp.

No

Business Period

8 Years

IPO

No

International Ins.

--

Public Enterprise

No

Rating

Ca (18)

Related Company

Relation

Country

Company Name

CEO

Associate :

--

Magneti Marelli Skh Exhaust Systems Private Limited

--

Note

-

 

2. Summary Financial Statement

Balance Sheet as of

31.03.2012

(Unit: Indian Rs.)

Assets

Liabilities

Current Assets

388,667,000

Current Liabilities

417,234,000

Inventories

215,624,000

Long-term Liabilities

886,469,000

Fixed Assets

499,727,000

Other Liabilities

1,193,000

Deferred Assets

40,786,000

Total Liabilities

1,304,896,000

Invest& other Assets

160,385,000

Retained Earnings

(119,707,000)

 

 

Net Worth

293,000

Total Assets

1,305,189,000

Total Liab. & Equity

1,305,189,000

 Total Assets

(Previous Year)

796,979,000

 

 

P/L Statement as of

31.03.2012

(Unit: Indian Rs.)

Sales

1,032,828,000

Net Profit

(39,345,000)

Sales(Previous yr)

417,090,000

Net Profit(Prev.yr)

(55,047,000)

 

MIRA INFORM REPORT

 

 

Report Date :

08.06.2013

 

IDENTIFICATION DETAILS

 

Name :

SKH SHEET METALS COMPONENTS LIMITED (w.e.f. 19.07.2011)

 

 

Formerly Known As :

SKH SHEET METALS COMPONENTS PRIVATE LIMITED (w.e.f. 16.11.2007)

 

VIVID SHEET METALS COMPONENTS PRIVATE LIMITED

 

 

Registered Office :

B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

30.05.2005

 

 

Com. Reg. No.:

17-020833

 

 

Capital Investment / Paid-up Capital :

Rs.120.000 millions

 

 

CIN No.:

[Company Identification No.]

U50300RJ2005PLC020833

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNES23784F

 

 

PAN No.:

[Permanent Account No.]

AACCV0528K

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer of Exhaust Systems for Automobiles.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (18)

 

RATING

STATUS

PROPOSED CREDIT LINE

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having a moderate track record. There appears huge accumulated losses recorded by the company. The external borrowing seems to be huge.

 

However, business is active. Payments are reported to be slow.  

 

The company can be considered for business dealings on a safe and secured trade terms and condition.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

LOCATIONS

 

Registered Office :

B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

secretarial@skhmetals.com

sitansudash@skhmetals.com

 

 

Factory:

Gat No.542-545, Behind Bombay Dyeing, Village Dhok Sanghavi, Ranjangaon, MIDC, Pune - 412 220, Maharashtra, India

Tel No.:

91-2138-675401

 

 

                                             DIRECTORS

 

As on 25.09.2012

 

Name :

Mr. Sunandan Kapur

Designation :

Director

Address :

B - 5, Chirag Enclave New Delhi, India

Date of Birth/Age :

21.08.1974

Date of Appointment :

25.09.2012

DIN No.:

00003638

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U35999DL1996PLC075180

KRISHNA ISHIZAKI AUTO LIMITED

Director

12-06-99

12-06-99

22-02-12

Active

NO

2

U74999DL1996PLC082505

HH INTERIOR AND AUTO COMPONENTS LIMITED

Director

15-06-99

15-06-99

31-03-08

Active

NO

3

U34300HR1991PLC032012

KRISHNA MARUTI LIMITED.

Managing director

21-04-09

01-04-00

-

Active

NO

4

U34300DL1999PTC101962

HIMANSHU ENTERPRISES PRIVATE LIMITED

Director

26-09-01

26-09-01

-

Active

NO

5

U74999DL2003PTC120153

KRISHNA QUINETTE SEATS PRIVATE LIMITED

Director

30-06-08

02-05-03

-

Active

NO

6

U00000HR2004PTC049273

KRISHNA GRUPO ANTOLIN PRIVATE LIMITED

Director

19-08-04

19-08-04

-

Active

NO

7

U34392HR1999PTC034392

NAGATA INDIA PRIVATE LIMITED

Director

21-08-04

21-08-04

-

Active

NO

8

U74130HR1986PLC023655

SKH METALS LIMITED

Managing director

14-05-10

14-05-05

-

Active

NO

9

U27109HR2003PTC035250

MARUICHI KUMA STEEL TUBE PRIVATE LIMITED

Director

28-05-05

28-05-05

29-09-09

Active

NO

10

U80101DL2006PTC148682

SKH EDUCATION PRIVATE LIMITED.

Director

07-06-06

07-06-06

-

Active

NO

11

U63040DL1997PTC089719

KV TRAVELS PRIVATE LIMITED

Director

23-06-06

23-06-06

28-12-12

Active

NO

12

U74899DL2005PTC140258

SKH GLOBAL TRAVELS PRIVATE LIMITED

Director

23-06-06

23-06-06

28-12-12

Active

NO

13

U63040DL2004PTC128182

CHORUS TOURS AND TRAVELS PRIVATE LIMITED

Director

27-09-07

31-01-07

-

Active

NO

14

U50300RJ2005PLC020833

SKH SHEET METALS COMPONENTS LIMITED

Director

25-09-12

16-02-08

-

Active

NO

15

U50300RJ2005PTC020830

AXIS SEATS SERVICES PRIVATE LIMITED

Director

01-09-08

16-02-08

-

Active

NO

16

U50300RJ2005PTC020820

SPECTRUM AUTO TRIMS PRIVATE LIMITED

Additional director

17-03-08

17-03-08

01-08-08

Active

YES

17

U51109DL2008PTC178458

MAGNETI MARELLI SKH EXHAUST SYSTEMS PRIVATE LIMITED

Director

22-05-08

22-05-08

-

Active

NO

18

U34300DL2008PTC178680

SKH MAGNETI MARELLI EXHAUST SYSTEMS PRIVATE LIMITED

Director

27-05-08

27-05-08

-

Active

NO

19

U74900DL2008PLC185185

SKH MANAGEMENT SERVICES LIMITED

Director

24-11-08

24-11-08

-

Active

NO

20

U29220DL2009PTC187276

SKH SILA INDIA PRIVATE LIMITED

Director

05-02-09

05-02-09

-

Active

NO

21

U29253DL2009PTC187778

SKH CABS MANUFACTURING PRIVATE LIMITED

Director

19-02-09

19-02-09

-

Active

NO

22

U29300PN2009PTC133761

MSKH SEATING SYSTEMS INDIA PRIVATE LIMITED

Director

28-09-10

22-10-09

-

Active

NO

23

U29253DL2009PTC196097

SIAC SKH INDIA CABS MANUFACTURING PRIVATE LIMITED

Director

21-09-10

04-03-10

-

Active

NO

24

U17290DL2010FTC202355

SUMINOE TEIJIN TECHNO KRISHNA INDIA PRIVATE LIMITED

Director

06-05-10

06-05-10

-

Active

NO

25

U74899DL1970PTC005432

KAPUR ESTATES PRIVATE LIMITED

Director

30-09-11

10-11-10

-

Active

NO

 

 

Name :

Mr. Parvesh Soni

Designation :

Director

Address :

2248, Sector - 8, Faridabad, Haryana, India

Date of Birth/Age :

04.07.1963

Qualification :

Chartered Accountant

Date of Appointment :

26.09.2009

DIN No.:

00009994

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74899DL1981PTC012844

SHARSH FINANCE AND INVESTMENT COMPANY PRIVATE LIMITED

Director

29-09-03

29-09-03

-

Active

NO

2

U74899DL1985PTC021066

MUNRADTECH AIR FILTRATION COMPANY PRIVATE LIMITED

Director

05-05-04

05-05-04

-

Active

NO

3

U17101DL1998PLC091847

KRISHNA PACKAGE TRIPS LIMITED

Director

01-06-04

01-06-04

-

Active

NO

4

U45201DL2004PTC124177

GOLD CAUSE CONSTRUCTIONS PRIVATE LIMITED

Director

24-07-04

24-07-04

-

Dormant

NO

5

U63040DL2004PTC128182

CHORUS TOURS AND TRAVELS PRIVATE LIMITED

Director

09-08-04

09-08-04

-

Active

NO

6

U45201DL2004PTC128187

GAIN PROPERTIES PRIVATE LIMITED

Director

09-08-04

09-08-04

-

Active

NO

7

U74300DL2004PTC128184

SKH MEDIA PRIVATE LIMITED

Director

09-08-04

09-08-04

02-07-11

Active

YES

8

U72200DL2004PTC128708

AKPS INFOTECH SERVICES PRIVATE LIMITED

Director

31-08-04

31-08-04

-

Active

NO

9

U74140DL2005PTC131920

VINCOTTE INTERNATIONAL INDIA ASSESSMENT SERVICES PRIVATE LIMITED

Director

17-01-05

17-01-05

-

Active

NO

10

U72200DL2005PTC133270

SKH INFO SERVICES PRIVATE LIMITED

Director

30-09-06

22-02-05

-

Active

NO

11

U45201RJ2005PTC020739

SUAVE INFRASTRUCTURE PRIVATE LIMITED

Director

30-09-06

28-05-05

-

Active

NO

12

U50300RJ2005PTC020830

AXIS SEATS SERVICES PRIVATE LIMITED

Director

30-05-05

30-05-05

-

Active

NO

13

U50300RJ2005PTC020832

GLORIOUS SCOOTER AND MOBIKE SEATS PRIVATE LIMITED

Director

30-05-05

30-05-05

-

Active

NO

14

U50300RJ2005PTC020834

DURABLE TRAIN SEATS PRIVATE LIMITED

Director

30-05-05

30-05-05

-

Active

NO

15

U45201DL2005PTC136914

SKH CONSTRUCTWELL PRIVATE LIMITED

Director

31-05-05

31-05-05

-

Active

NO

16

U74899DL1990PTC040694

ROZ-KA-MEO COMPONENTS PRIVATE LIMITED

Director

05-09-05

05-09-05

-

Active

NO

17

U74899DL1997PTC089700

ABR AUTO PRIVATE LIMITED

Director

05-09-05

05-09-05

-

Active

NO

18

U74999DL1996PLC082505

HH INTERIOR AND AUTO COMPONENTS LIMITED

Director

30-09-05

30-09-05

-

Active

NO

19

U74899DL1992PTC048177

MUNRADTECH EXPORTS PRIVATE LIMITED

Director

06-02-06

06-02-06

-

Active

NO

20

U74899DL1978PTC008998

USHA PLAST PACKAGING PRIVATE LIMITED

Director

06-02-06

06-02-06

-

Active

NO

21

U45201RJ2005PTC020792

CHOIR INFRASTRUCTURE PRIVATE LIMITED

Director

30-09-06

10-04-06

-

Active

NO

22

U80101DL2006PTC148682

SKH EDUCATION PRIVATE LIMITED

Director

06-05-06

06-05-06

-

Active

NO

23

U74999DL2004PTC128707

AKPS AUTO ACCESSORIES PRIVATE LIMITED

Director

31-08-06

31-08-06

-

Active

NO

24

U45201RJ2005PTC020795

PANACHE INFRASTRUCTURE PRIVATE LIMITED

Director

26-09-07

23-03-07

-

Active

NO

25

U63040DL1997PTC089719

KV TRAVELS PRIVATE LIMITED

Director

16-09-08

21-04-08

28-12-12

Active

NO

26

U74899DL2005PTC140258

SKH GLOBAL TRAVELS PRIVATE LIMITED

Director

16-09-08

21-04-08

28-12-12

Active

NO

27

U50300RJ2005PTC020826

LUXURIOUS CAR SEATS PRIVATE LIMITED

Director

02-09-08

15-05-08

-

Active

NO

28

U50300RJ2005PTC020835

LUXURIOUS BUS SEATS PRIVATE LIMITED

Director

01-09-08

15-05-08

-

Active

NO

29

U74899DL1973PTC006625

ADVANCE AUTOMATION AND PROCESS CONTROLS PRIVATE LIMITED

Additional director

06-09-08

06-09-08

12-09-08

Amalgamated

NO

30

U45201RJ2005PTC020735

ANGEL INFRASTRUCTURE PRIVATE LIMITED

Additional director

06-09-08

06-09-08

27-02-09

Active

NO

31

U34102DL2008PTC183366

SKH AUTO PARTS PRIVATE LIMITED

Director

17-09-08

17-09-08

-

Active

NO

32

U45201RJ2005PTC020737

SURGE INFRASTRUCTURE PRIVATE LIMITED

Director

29-09-09

05-03-09

-

Active

NO

33

U50300RJ2005PTC020820

SPECTRUM AUTO TRIMS PRIVATE LIMITED

Director

26-09-09

24-04-09

02-07-11

Active

YES

34

U74900DL2009PTC193097

SPECTRUM SEATING SYSTEMS SERVICES PRIVATE LIMITED

Director

12-08-09

12-08-09

-

Active

NO

35

U70101DL2009PTC193636

GRANITE INFRASTRUCTURE PRIVATE LIMITED

Director

28-08-09

28-08-09

01-10-09

Active

NO

36

U50300RJ2005PLC020833

SKH SHEET METALS COMPONENTS LIMITED

Director

26-09-09

22-09-09

-

Active

NO

37

U29300PN2009PTC133761

MSKH SEATING SYSTEMS INDIA PRIVATE LIMITED

Director

28-09-10

22-10-09

-

Active

NO

38

U70102DL2009PTC196060

SKH REAL ESTATE PRIVATE LIMITED

Director

17-11-09

17-11-09

-

Active

NO

39

U29253DL2009PTC196097

SIAC SKH INDIA CABS MANUFACTURING PRIVATE LIMITED

Director

17-11-09

17-11-09

28-03-12

Active

NO

40

U70200DL2010PTC198891

SKH BUILDWELL PRIVATE LIMITED

Director

09-02-10

09-02-10

-

Active

NO

41

U70109DL2010PTC198912

SKH BUILDCON PRIVATE LIMITED

Director

10-02-10

10-02-10

-

Active

NO

42

U34300DL2010PTC208458

SKH AUTO TRIMS PRIVATE LIMITED

Director

20-09-10

20-09-10

-

Active

NO

43

U74899DL1970PTC005432

KAPUR ESTATES PRIVATE LIMITED

Director

30-09-11

10-11-10

-

Active

NO

44

U35999DL1996PLC075180

KRISHNA ISHIZAKI AUTO LIMITED

Managing director

22-02-12

22-02-12

-

Active

NO

45

U34300HR1991PLC032012

KRISHNA MARUTI LIMITED

Whole-time director

18-08-12

18-05-12

-

Active

NO

46

U45201RJ2005PTC020734

WARBLE INFRASTRUCTURE PRIVATE LIMITED

Additional director

09-01-13

09-01-13

-

Active

NO

47

U50400DL2012PTC236431

RSLH AUTO TRIMS PRIVATE LIMITED

Additional director

19-01-13

19-01-13

-

Active

NO

48

U34300HR2012FTC046555

NHK F. KRISHNA INDIA AUTOMOTIVE SEATING PRIVATE LIMITED

Additional director

31-03-13

31-03-13

-

Active

NO

 

 

Name :

Mr. Sanjay Kohli

Designation :

Director

Address :

24-A, DDA Flats, Ber Sarai, New Delhi, India

Date of Birth/Age :

03.06.1976

Qualification :

BE

Date of Appointment :

05.09.2008

DIN No.:

02013973

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U50300RJ2005PLC020833

SKH SHEET METALS COMPONENTS LIMITED

Director

05-09-08

16-02-08

-

Active

NO

2

U50300RJ2005PTC020835

LUXURIOUS BUS SEATS PRIVATE LIMITED

Additional director

18-02-08

18-02-08

24-05-08

Active

NO

3

U45201RJ2005PTC020735

ANGEL INFRASTRUCTURE PRIVATE LIMITED

Director

01-09-08

18-02-08

-

Active

NO

4

U45201RJ2005PTC020793

ZING INFRASTRUCTURE PRIVATE LIMITED

Director

02-09-08

18-02-08

02-05-13

Active

NO

5

U50300RJ2005PTC020838

URANUS AUTO SEAT TRIMS PRIVATE LIMITED

Director

24-09-10

18-02-08

-

Active

NO

6

U70109DL2006PTC153772

CHARMWOOD DEVELOPERS PRIVATE LIMITED

Director

15-09-08

18-02-08

-

Active

NO

7

U50300RJ2005PTC020826

LUXURIOUS CAR SEATS PRIVATE LIMITED

Director

02-09-08

18-02-08

-

Active

NO

8

U45201RJ2005PTC020740

RIPPLE INFRASTRUCTURE PRIVATE LIMITED

Director

05-09-08

18-02-08

-

Active

NO

9

U50300RJ2005PTC020828

TWIRL CAR HEAD REST PRIVATE LIMITED

Director

02-09-08

18-02-08

-

Active

NO

10

U45201RJ2005PTC020741

VELVET INFRASTURCTURE PRIVATE LIMITED

Director

05-09-08

18-02-08

-

Active

NO

11

U50300RJ2005PTC020821

GRAVITY ROOF HEAD LINERS PRIVATE LIMITED

Director

05-09-08

18-02-08

-

Active

NO

12

U50300RJ2005PTC020842

NUTRINO ROOF HEAD LINER PRIVATE LIMITED

Director

01-09-08

18-02-08

-

Active

NO

13

U45201RJ2005PTC020792

CHOIR INFRASTRUCTURE PRIVATE LIMITED

Director

01-09-08

18-02-08

-

Active

NO

14

U50300RJ2005PTC020825

COMFORT CAR SEATS PRIVATE LIMITED

Director

01-09-08

18-02-08

-

Active

NO

15

U74899DL1994PTC058571

GLADDOLIA FARMS PRIVATE LIMITED

Director

17-09-08

20-02-08

-

Active

NO

16

U74140HR2004PTC035504

PRUDENT MANAGEMENT STRATEGIES PRIVATE LIMITED

Director

19-09-08

20-02-08

-

Active

NO

17

U45201DL2005PTC136914

SKH CONSTRUCTWELL PRIVATE LIMITED

Director

16-09-08

20-02-08

-

Active

NO

18

U72200DL2005PTC133270

SKH INFO SERVICES PRIVATE LIMITED

Director

16-09-08

20-02-08

-

Active

NO

19

U74899DL1985PTC020921

SKH INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED

Director

16-09-08

20-02-08

-

Active

NO

20

U50300RJ2005PTC020820

SPECTRUM AUTO TRIMS PRIVATE LIMITED

Director

02-09-08

17-03-08

-

Active

YES

21

U50300RJ2005PTC020822

URANUS AUTO TRIMS PRIVATE LIMITED

Additional director

02-09-08

01-08-08

-

Active

NO

22

U50300RJ2005PTC020823

ORBIT DOOR TRIMS PRIVATE LIMITED

Director

27-09-08

01-08-08

-

Active

NO

23

U50300RJ2005PTC020841

RADIANT SHEET METAL COMPONENTS PRIVATE LIMITED

Additional director

14-10-08

14-10-08

-

Active

NO

24

U70101DL2012PTC236305

GADGET INFRACON PRIVATE LIMITED

Director

22-05-12

22-05-12

-

Active

NO

25

U70200DL2012PTC236435

VISION INFRAHEIGHTS PRIVATE LIMITED

Director

24-05-12

24-05-12

-

Active

NO

26

U74120DL2012PTC236432

SQUARE BUILDVISION PRIVATE LIMITED

Director

24-05-12

24-05-12

-

Active

NO

27

U50400DL2012PTC236431

RSLH AUTO TRIMS PRIVATE LIMITED

Director

24-05-12

24-05-12

-

Active

NO

28

U70102DL2012PTC236456

GADGET REALTORS PRIVATE LIMITED

Director

25-05-12

25-05-12

-

Active

NO

29

U70109DL2008PTC176175

BLUEJAYS REALTECH PRIVATE LIMITED

Additional director

03-10-12

03-10-12

-

Active

NO

 

 

Name :

Mr. Ajay Kumar Bedi

Designation :

Director

Address :

176, Deerwood Chase, Unitech Nirvana Country, Sector-50, Gurgaon – 122 001, Haryana, India

Date of Birth/Age :

08.10.1951

Qualification :

BE

Date of Appointment :

30.09.2010

DIN No.:

00171608

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74999DL1996PLC082505

HH INTERIOR AND AUTO COMPONENTS LIMITED

Director

08-05-98

08-05-98

-

Active

NO

2

U74899DL1992PTC048177

MUNRADTECH EXPORTS PRIVATE LIMITED

Director

06-04-04

06-04-04

-

Active

NO

3

U74300DL2004PTC128184

SKH MEDIA PRIVATE LIMITED

Director

09-08-04

09-08-04

-

Active

YES

4

U63040DL2004PTC128182

CHORUS TOURS AND TRAVELS PRIVATE LIMITED

Director

09-08-04

09-08-04

-

Active

NO

5

U45201DL2004PTC128187

GAIN PROPERTIES PRIVATE LIMITED

Director

09-08-04

09-08-04

-

Active

NO

6

U72200DL2004PTC128708

AKPS INFOTECH SERVICES PRIVATE LIMITED

Director

31-08-04

31-08-04

-

Active

NO

7

U74999DL2004PTC128707

AKPS AUTO ACCESSORIES PRIVATE LIMITED

Director

31-08-04

31-08-04

-

Active

NO

8

U50300RJ2005PTC020837

MIRACULOUS AUTO MIRROR AND GLASSES PRIVATE LIMITED

Director

28-09-06

30-05-05

17-05-13

Active

NO

9

U50300RJ2005PTC020831

GLAZING AUTO MIRROR PRIVATE LIMITED

Director

30-05-05

30-05-05

-

Active

NO

10

U50300RJ2005PTC020836

URANUS AUTO MIRROR AND GLASSES PRIVATE LIMITED

Director

29-09-06

30-05-05

-

Active

NO

11

U74899DL1990PTC040694

ROZ-KA-MEO COMPONENTS PRIVATE LIMITED

Director

05-09-05

05-09-05

-

Active

NO

12

U74899DL1997PTC089700

ABR AUTO PRIVATE LIMITED

Director

05-09-05

05-09-05

-

Active

NO

13

U74899DL1985PTC021066

MUNRADTECH AIR FILTRATION COMPANY PRIVATE LIMITED

Director

30-09-06

06-02-06

-

Active

NO

14

U74899DL1981PTC012844

SHARSH FINANCE AND INVESTMENT COMPANY PRIVATE LIMITED

Director

06-02-06

06-02-06

-

Active

NO

15

U45201DL2005PTC136914

SKH CONSTRUCTWELL PRIVATE LIMITED

Director

06-02-06

06-02-06

-

Active

NO

16

U45201RJ2005PTC020738

CHORUS INFRASTRUCTURE PRIVATE LIMITED

Director

14-12-06

14-12-06

-

Active

NO

17

U50300RJ2005PTC020841

RADIANT SHEET METAL COMPONENTS PRIVATE LIMITED

Additional director

02-09-08

06-08-08

-

Active

NO

18

U45201RJ2005PTC020736

ZEST INFRASTRUCTURE PRIVATE LIMITED

Director

25-09-10

14-07-10

-

Active

NO

19

U50300RJ2005PTC020824

SPECTRUM SEAT TRIMS PRIVATE LIMITED

Director

24-09-10

14-07-10

-

Active

NO

20

U50300RJ2005PLC020833

SKH SHEET METALS COMPONENTS LIMITED

Director

30-09-10

09-09-10

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 25.09.2012

 

Names of Shareholders

 

No. of Shares

Suave Infrastructure Private Limited, India

 

2600

Chrous Infrastructure Private Limited, India

 

4900

Ripple Infrastructure Private Limited, India 

 

2500

Ashok Kapur

 

11989700

Arti Kapur

 

100

Sunandan Kapur

 

100

Supriya Kapur

 

100

Total

 

12000000

 

 

As on 25.09.2012

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Bodies corporate

0.08

Directors or relatives of Directors

99.91

Other top fifty shareholders

0.01

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Exhaust Systems for Automobiles.

 

 

Products :

Item Code No. (ITC Code)

ITC-033-043

Product Description

Sheet Metals Components,

Fuel Tank, Gear Shifter

Item Code No. (ITC Code)

87089200

Product Description

Fuel Tank

Item Code No. (ITC Code)

87089200

Product Description

Axle Housing

Item Code No. (ITC Code)

87089200

Product Description

Heat Shield

 

PRODUCTION STATUS (AS ON 31.03.2011)

 

Particulars

Installed Capacity*

 

Actual Production

Qty

Fuel Tank

88128 Nos.

21988

Gear Shifter

Nil

Nil

Axle Housing

86400 Nos.

18907

Heat Shield/Stamping

72161280 Nos.

7913635

 

 

 

 

Installed capacity is as per a certificate issued by the Management and is not verified by the Auditors being a Technical matter.

 

*Licensing requirement for automotive parts, including the company’s product, has been dispensed with effective July 25, 1991.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

  • Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

 

  • Axis Bank Limited., 4/10, OPG House, Asaf Ali Road, New Delhi – 110 002, India

 

 

Facilities :

(Rs. In Millions)

Secured Loan

As on

31.03.2012

As on

31.03.2011

Long-Term Borrowings

 

 

Rupee term loans from banks

332.246

310.445

Short-Term Borrowings

 

 

Working capital loans from banks

128.311

 

Total

460.557

310.445

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Baweja and Kaul

Chartered Accountants

Address :

A-1, 104, Lalwani Vastu, Sakore Nagar, Viman Nagar, Pune – 411 014, Maharashtra, India

Tel. No.:

91-20-41283976

PAN No.:

AABFB1274A

 

 

Associate :

  • Magneti Marelli Skh Exhaust Systems Private Limited
  • Skh Metals Limited
  • Mskh Seating Systems India Private Limited
  • Krishna Maruti Limited
  • Spectrum Auto Trims Private Limited
  • Krishna Grupo Antolin Private Limited
  • AKPS Auto Accessories Private Limited
  • Krishna Quinette Seats Private Limited
  • Kv Travels Private Limited
  • Skh Sila India Private Limited
  • Chorus Tours And Travels Private Limited

 

 

CAPITAL STRUCTURE

 

As on 3111.0003.2012

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

12000000

Equity Shares

Rs.10/- each

Rs.120.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

12000000

Equity Shares

Rs.10/- each

Rs.120.000 millions

 

 

 

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.212

31.03.2011

31.03.2010

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

120.000

120.000

120.000

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

(119.707)

(80.362)

(25.315)

NETWORTH

0.293

39.638

94.684

LOAN FUNDS

 

 

 

1] Secured Loans

460.557

310.445

84.937

2] Unsecured Loans

425.912

76.721

84.132

TOTAL BORROWING

886.469

387.166

169.069

DEFERRED TAX LIABILITIES

0.000

0.000

1.297

 

 

 

 

TOTAL

886.762

426.804

265.051

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

499.727

246.259

118.594

Capital work-in-progress

112.810

163.628

27.439

 

 

 

 

Preoperative Expenses (Pending allocation to Fixed Assets)

0.000

0.000

1.136

 

 

 

 

INVESTMENT

47.575

47.575

60.397

DEFERRED TAX ASSETS

40.786

23.228

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

215.624
103.821

31.541

 

Sundry Debtors

243.482
112.738

22.927

 

Cash & Bank Balances

9.796
3.545

4.748

 

Other Current Assets

0.814
0.000

0.000

 

Loans & Advances

134.575
96.181

47.275

Total Current Assets

604.291
316.285

106.491

Less : CURRENT LIABILITIES & PROVISIONS

 
 

 

 

Sundry Creditors

259.782
363.055

47.930

 

Other Current Liabilities

157.452
5.632

0.000

 

Provisions

1.193
1.488

1.082

Total Current Liabilities

418.427
370.175

49.012

Net Current Assets

185.864
(53.890)

57.479

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.004

0.006

 

 

 

 

TOTAL

886.762

426.804

265.051

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2012

31.03.2011

31.03.2010

 

SALES

 

 

 

 

 

Income

1032.828

417.090

91.748

 

 

Other Income

60.392

10.381

0.771

 

 

TOTAL                                     (A)

1093.220

427.471

92.519

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of materials consumed

888.258

--

--

 

 

Consumption materials changes inventories

--

354.691

71.243

 

 

Changes in inventories of finished goods, work-in-progress and stock-in-trade

(28.265)

--

--

 

 

Employee benefit expense

104.893

--

--

 

 

Other expenses

102.567

--

--

 

 

Manufacturing service costs

--

58.774

9.276

 

 

Employee related expenses

--

23.292

15.390

 

 

Administrative selling other expenses

--

35.932

10.973

 

 

Prior period items

--

0.301

0.017

 

 

TOTAL                                     (B)

1067.453

472.990

106.899

 

 

 

 

 

Less

PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

25.767

(45.519)

(14.380)

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

53.242

22.042

1.517

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                               (E)

(27.475)

(67.561)

(15.897)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

29.428

12.010

1.491

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX (E-F)                (G)

(56.903)

(79.571)

(17.388)

 

 

 

 

 

Less

TAX                                                                  (H)

(17.558)

(24.524)

0.786

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

(39.345)

(55.047)

(18.174)

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

(80.362)

(25.315)

(7.141)

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

(119.707)

(80.362)

(25.315)

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

48.052

NA

NA

 

TOTAL EARNINGS

48.052

NA

NA

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

NA

28.968

0.640

 

 

Bought Out Components

NA

12.178

12.499

 

 

Capital Goods

NA

13.386

4.893

 

TOTAL IMPORTS

NA

54.532

18.032

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

(3.28)

(4.59)

(87.76)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2012

31.03.2011

31.03.2010

PAT / Total Income

(%)

(3.40)
(12.88)
(19.64)

 

 

 
 
 

Net Profit Margin

(PBT/Sales)

(%)

(5.51)
(19.08)
(18.95)

 

 

 
 
 

Return on Total Assets

(PBT/Total Assets}

(%)

(5.15)
(14.14)
(7.73)

 

 

 
 
 

Return on Investment (ROI)

(PBT/Networth)

 

(194.21)
(2.01)
(0.18)

 

 

 
 

 

Debt Equity Ratio

(Total Debt /Networth)

 

3025.49
9.77

1.79

 

 

 
 

 

Current Ratio

(Current Asset/Current Liability)

 

1.44
0.85

2.17

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

----------------------

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

----------------------

22]

Litigations that the firm / promoter involved in

----------------------

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

----------------------

26]

Buyer visit details

----------------------

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

Yes

30]

Major Shareholders, if available

Yes

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

CONTINGENT LIABILITIES: (AS ON 31.03.2011)

 

Guarantee given to Corporation Bank on behalf of Magneti Marelli SKH Exhaust Systems Private Limited amounting to Rs.260.000 millions. The Balance outstanding of the loan taken by Magneti Marelli SKH Exhaust Systems Private Limited as at March 31, 2011 is Rs.53.300 millions.

 

 

UNSECURED LOAN

Rs. In Millions

Particular

As on

31.03.2012

As on

31.03.2011

Long-Term Borrowings

 

 

Deferred payment liabilities

425.706

76.721

Short-Term Borrowings

 

 

Working capital loans from banks

0.206

 

Total

425.912

76.721

 

BANKERS CHARGES REPORT AS PER REGISTRY

 

Corporate identity number of the company

U50300RJ2005PLC020833

Name of the company

SKH SHEET METALS COMPONENTS LIMITED

Address of the registered office or of the principal place of  business in India of the company

B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan, India

E-Mail: sitansudash@skhmetals.com

This form is for

Creation of charge

Type of charge

  • Book debts
  • Movable property (not being pledge)
  • Floating charge
  • Others (Current Assets and Movable Fixed Assets)

Particular of charge holder

Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

DelhiCADMidoffice@yesbank.in

Nature of description of the instrument creating or modifying the charge

Deed of Hypothecation dated 23rd March 2013

Date of instrument Creating the charge

23.03.2013

Amount secured by the charge

Rs.50.000 millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest:

SID / WCDL / CC / Pre-Shipment / Post-Shipment /SLC / ULC / BC - To be decided by the lender at the time of disbursement

 

Terms of Repayment:

Working Capital Demand Loan(WCDL): Bullet repayment of the principal amount at the end of tenor

Cash Credit (CC): Payable on demand

Sales Invoice Discounting (SID) / Sight Letter of Credit (SLC) / Usance Letter of Credit (ULC) / Buyers Credit (BC) / Pre-Shipment / Post-Shipment: NA.

 

Margin:

SID: 10% of the Invoice Value

WCDL / CC: 25% on [Book Debts (up to 90 days) plus Stocks minus Trade Creditors].

SLC / ULC / BC:- 5% of the transaction amount in the form of Fixed Deposits duly lien marked in favour of Lender.

Pre-Shipment / Post-Shipment - 10% of Purchase Order / Contract value

 

Extent and Operation of the charge:

1) First Pari Passu Charge on all the Current Assets of the Borrower (both present and future) along with Axis Bank.

2) Second Pari Passu Charge on all the Movable Fixed Assets of the Borrower (both present and future) along with Axis Bank

Short particulars of the property charged

First Pari Passu Charge on all the Current Assets of the Borrower (both present and future) along with Axis Bank.

Second Pari Passu Charge on all the Movable Fixed Assets of the Borrower (both present and future) along with Axis Bank.

 

 

FIXED ASSETS:

 

  • Land
  • Buildings
  • Plant and Machinery
  • Furniture and Fixtures
  • Electrical Installations
  • Office Equipments
  • Computers

 

 

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 


 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.74

UK Pound

1

Rs.88.53

Euro

1

Rs.75.20

 

 

INFORMATION DETAILS

 

Report Prepared by :

NTH

 


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

2

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

2

--RESERVES

1~10

2

--CREDIT LINES

1~10

2

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

18

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 


 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

-

NB

                                       New Business

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.