About Chowel India Private Limited
Data last updated:
Chowel India Private Limited is a private limited company based in Sriperumbudur, Tamil Nadu, India, a subsidiary of Chowel Corporation Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 09 May 2001.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28910TN2001PTC047092. Its GSTIN is 33AABCC5468J2ZK (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹12.25 Cr. It is led by directors Yongsuk Choi (Managing Director) and Seung Ho Kim.
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 is at 129 Mannur Village Valarpuram Post, Sriperumbudur, Tamil Nadu, India – 602105.
As per the financials filed for FY 2017, the company reported a revenue of ₹116.27 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹1.12 Cr (net margin 1%) and EBITDA of ₹5 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.
As per MCA filings, the company has open charges of ₹20.26 Cr and satisfied charges of ₹23.46 Cr on record. Court records list 46 cases involving the company, including 21 filed by the company and 25 filed against it; 3 cases are pending.
The last known website on record is sangsin.com.
Company details
Contact details
Chowel India Private Limited's registered office is in Sriperumbudur, Tamil Nadu. Its website is sangsin.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address129 Mannur Village Valarpuram Post, Sriperumbudur, Tamil Nadu, India – 602105
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Chowel 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 Chowel India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Chowel India Private Limited, buy the company report.
Financials of Chowel India Private Limited
FY 2017 filings availableChowel India Private Limited reported revenue of ₹116.27 Cr (up 15% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over three years, including 15% growth in the latest year. EBITDA rose 19% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹116.27 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹5 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.12 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.3% | ||
| Net Profit Margin | 1% | ||
| 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 Chowel India Private Limited, buy the company report.
Board of directors of Chowel India Private Limited
Chowel India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yongsuk Choi | Managing Director | 21 Mar 2012 | 14 Years 7 Months | As last reported |
| Seung Ho Kim | Director | 28 Jun 2010 | 16 Years 4 Months | As last reported |
Auditor
Chowel India Private Limited is audited by V RAJAGOPAL & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V RAJAGOPAL & CO | FY 2017 | 003402S |
Shareholding
The shareholding of Chowel India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Chowel India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2016 | 100062550 | Axis Bank Limited | ₹16.5 Cr | Open | |
| 29 Jan 2008 | 10090599 | 3I Infotech Trusteeship Services Limited | ₹3.3 Cr | Open | |
| 28 Sep 2006 | 10024555 | Shinhan Bank | ₹45.5 Lakh | Open | |
| 16 Apr 2016 | 100019437 | Others | ₹2.5 Cr | Satisfied | |
| 09 Feb 2016 | 10623894 | Bank of India | ₹50 Lakh | Satisfied |
To see the full charge records of Chowel India Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Chowel India Private Limited has 46 court cases on record: 21 filed by Chowel India, 25 filed against it. 3 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 7 | 1 |
| District courts | 18 | 17 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed against the company by Hwashin Automotive India Pvt.Ltd | Disposed |
| District court, Tiruvallur, Tamil Nadu | Criminal complaint | Filed against the company | Pending |
| District court, Chennai, Tamil Nadu | Court case (EOCC) | Filed against the company by The Assistant Commissioner of Goods and Service Tax | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Assistant Commissioner, | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by M/S Monish Metal | Disposed |
To see the full case history of Chowel India 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 Chowel India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chowel India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCC5468J2ZK | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chowel India Private Limited, buy the company report.
Recent activity
Chowel India Private Limited has 9 board changes on record since 2007: 2 appointments and 7 cessations. The latest: Baek Kyu Choi ceased to be Director on 31 Dec 2018.
14 earlier events are in the company report.
Frequently asked questions
Chowel India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Chowel India is a company under liquidation, formerly operating as a private limited company based in Sriperumbudur, Tamil Nadu, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 09 May 2001 and is registered under CIN U28910TN2001PTC047092. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Chowel India has 2 current directors:
- Yongsuk Choi - Managing Director
- Seung Ho Kim - Director
The latest financial statements of Chowel India 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.
The CIN (Corporate Identification Number) of Chowel India is U28910TN2001PTC047092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chowel India has open charges of ₹20.26 Cr and satisfied charges of ₹23.46 Cr as per latest MCA filings.
Chowel India has 46 court cases on record: 21 filed by the company and 25 filed against it. 3 are pending. Most are in the high courts.
Chowel India was incorporated on 09 May 2001. It is registered with the Registrar of Companies, Chennai.
Baek Kyu Choi ceased to be Director on 31 Dec 2018. Seung Ho Kim ceased to be Managing Director on 10 Jan 2013. Yongsuk Choi ceased to be Additional Director on 10 Jan 2013. Chowel India has 9 board changes on record in total.
Chowel India can be reached through the website sangsin.com. Its registered office is in Sriperumbudur, Tamil Nadu, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
