About Kerns Aeroproducts Private Limited
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Kerns Aeroproducts Private Limited is a private limited company based in Sriperumbudur, Tamil Nadu, India. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 19 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29299TN2006PTC060605. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.39 Cr. It is led by directors Triplicani Gowrishankar Mahesh and Srinivasa Meher Saride.
Its last annual general meeting (AGM) was held on 28 March 2020, and its latest financial statements are for the year ended 31 March 2019. The registered office is at A10 Sipcot Industrial Park Irungattukottai, Sriperumbudur, Tamil Nadu, India – 602105.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.77 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹6.47 Cr (net margin -366.6%) and EBITDA of -₹3.04 Cr (EBITDA margin -172.2%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years.
The company has about 38 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.45 Cr and satisfied charges of ₹6.45 Cr on record. Court records list 26 cases involving the company, including 16 filed by the company and 10 filed against it; 2 cases are pending. The company has 13 deals on record (7 funding rounds, 6 secondary share transfers), with disclosed funding of ₹53.23 Cr; the latest was in January 2016.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website kernsaero.com.
Company details
Contact details
Kerns Aeroproducts Private Limited's registered office is in Sriperumbudur, Tamil Nadu. Its website is kernsaero.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA10 Sipcot Industrial Park Irungattukottai, Sriperumbudur, Tamil Nadu, India – 602105
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
To see the full contact details of Kerns Aeroproducts 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 Kerns Aeroproducts is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Kerns Aeroproducts Private Limited, buy the company report.
Financials of Kerns Aeroproducts Private Limited
FY 2019 filings availableKerns Aeroproducts Private Limited reported revenue of ₹1.77 Cr (down 60% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over three years, including a 60% fall in the latest year. EBITDA rose 38% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.77 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹3.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.47 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -172.2% | ||||
| Net Profit Margin | -366.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Kerns Aeroproducts Private Limited, buy the company report.
Board of directors of Kerns Aeroproducts Private Limited
Kerns Aeroproducts has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Triplicani Gowrishankar Mahesh | Director | 09 Sep 2011 | 15 Years 2 Months | Current |
| Srinivasa Meher Saride | Director | 14 Feb 2012 | 14 Years 9 Months | Current |
Auditor
Kerns Aeroproducts Private Limited is audited by MANIAN & NARAYANAN for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANIAN & NARAYANAN | FY 2019 | 001982S |
Shareholding
The shareholding of Kerns Aeroproducts Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Kerns Aeroproducts Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2014 | 10524839 | Siemens Financial Services Private Limited | ₹4.45 Cr | Satisfied | |
| 29 Dec 2008 | 10142521 | Bank of Baroda | ₹2 Cr | Satisfied |
To see the full charge records of Kerns Aeroproducts Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Kerns Aeroproducts Private Limited has 13 deals on record (7 funding rounds, 6 secondary share transfers), with disclosed funding of ₹53.23 Cr; the latest was in January 2016.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Wayne-Burt Aerospace Private Limited |
| Nov 2015 | Funding round | ₹5.96 Cr | Investors: Wayne-Burt Petro Chemicals Private Limited , an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Wayne-Burt Aerospace Private Limited Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Wayne-Burt Aerospace Private Limited Seller: an individual |
| Mar 2014 | Funding round | ₹37.57 Cr | Investors: Wayne-Burt Aerospace Private Limited , Grove Real Estate & Farms Private Limited |
To see the full deal history of Kerns Aeroproducts Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kerns Aeroproducts Private Limited has 26 court cases on record: 16 filed by Kerns Aeroproducts, 10 filed against it. 2 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 8 | 0 |
| NCLAT | 2 | 2 | 2 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Wayne-Burt Petrochemicals Pvt. Ltd & Anr. and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S India Infoline Finance Ltd | Disposed |
| District court, Dindigul, Tamil Nadu | Execution petition | Filed against the company by M/S.Sundaram Finance Ltd., | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Chennai, Tamil Nadu | Court case (EOCC) | Filed against the company by Smt. B. Indumathi, Income Tax Officer | Disposed |
To see the full case history of Kerns Aeroproducts 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 Kerns Aeroproducts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kerns Aeroproducts has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
GST
Kerns Aeroproducts 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 Kerns Aeroproducts Private Limited, buy the company report.
Recent activity
Kerns Aeroproducts Private Limited has 10 board changes on record since 2010: 2 appointments and 8 cessations. The latest: Subramanian Venkatraman ceased to be Director on 31 Mar 2016.
5 earlier events are in the company report.
Frequently asked questions
Kerns Aeroproducts is an active private limited company based in Sriperumbudur, Tamil Nadu, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 19 July 2006 (20+ years old) and is registered under CIN U29299TN2006PTC060605.
Kerns Aeroproducts has 2 current directors:
- Triplicani Gowrishankar Mahesh - Director
- Srinivasa Meher Saride - Director
The latest financial statements of Kerns Aeroproducts on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 March 2020. Year-wise statements from 2015 are in the company report.
No. Kerns Aeroproducts has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Kerns Aeroproducts is U29299TN2006PTC060605. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kerns Aeroproducts has 26 court cases on record: 16 filed by the company and 10 filed against it. 2 are pending. Most are in the district courts.
Kerns Aeroproducts was incorporated on 19 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
Kerns Aeroproducts has 13 deals on record (7 funding rounds, 6 secondary share transfers), with disclosed funding of ₹53.23 Cr; the latest was in January 2016.
Subramanian Venkatraman ceased to be Director on 31 Mar 2016. Gerald Mohammed Zakir ceased to be Director on 18 Dec 2015. Srinivasa Meher Saride ceased to be Additional Director on 28 Sep 2012. Kerns Aeroproducts has 10 board changes on record in total.
Kerns Aeroproducts can be reached through the website kernsaero.com. Its registered office is in Sriperumbudur, Tamil Nadu, India.
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