About Skytone Electricals (India) Limited
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Skytone Electricals (India) Limited is a public limited company based in New Delhi, Delhi, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 12 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31300DL1998PLC092724. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.4 Cr. It is led by directors including Davinder Singh Sethi (Managing Director) and Amrit Sethi Kaur.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at B – 321 New Friends Colony, New Delhi, Delhi, India – 110065.
As per the financials filed for FY 2019, the company reported a revenue of ₹84.47 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹2.84 Cr (net margin -335.9%) and EBITDA of -₹2.46 Cr (EBITDA margin -291.8%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹48.38 Lakh and satisfied charges of ₹63.53 Cr on record. Court records list 33 cases involving the company, including 28 filed by the company and 5 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website skytonecable.com.
Company details
CIN history
Skytone Electricals (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31300DL1998PLC092724, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31300DL1998PLC092724 | Current |
| L31300DL1998SGC092724 | Previous |
| U31300DL1998SGC092724 | Previous |
Contact details
Skytone Electricals (India) Limited's registered office is in New Delhi, Delhi. Its website is skytonecable.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB – 321 New Friends Colony, New Delhi, Delhi, India – 110065
- IndustryManufacturing, Cable & Wire
To see the full contact details of Skytone Electricals (India) 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 Skytone Electricals (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 Skytone Electricals (India) Limited, buy the company report.
Financials of Skytone Electricals (India) Limited
FY 2019 filings availableSkytone Electricals (India) Limited reported revenue of ₹84.47 Lakh (down 85% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over three years, including a 85% fall in the latest year. EBITDA rose 49% 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 | ₹84.47 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.84 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -291.8% | ||||
| Net Profit Margin | -335.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Skytone Electricals (India) Limited, buy the company report.
Board of directors of Skytone Electricals (India) Limited
Skytone Electricals (India) has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amrit Sethi Kaur Also directs: Skytone Cables Pvt Ltd | Director | 01 Apr 2017 | 9 Years 6 Months | Current |
| Harvinder Singh Sethi Also directs: Skytone Cables Pvt Ltd | Director | 12 Mar 1998 | 28 Years 7 Months | Current |
| Davinder Singh Sethi Also directs: Skytone Cables Pvt Ltd | Managing Director | 12 Mar 1998 | 28 Years 7 Months | Current |
Auditor
Skytone Electricals (India) Limited is audited by S R KHURANA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R KHURANA & CO | FY 2019 | 000396N |
Shareholding
The shareholding of Skytone Electricals (India) 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 2018 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Skytone Electricals (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2002 | 90043471 | The Bank of Nova Scotia | ₹11.13 Lakh | Open | |
| 19 Apr 2002 | 90043404 | The Bank of Nova Scotia | ₹37.25 Lakh | Open | |
| 23 Dec 2006 | 10034378 | Canara Bank | ₹1 Cr | Satisfied | |
| 08 Aug 2006 | 10018519 | Canara Bank | ₹3 Lakh | Satisfied | |
| 22 Jan 2005 | 90058866 | Canara Bank | ₹2.5 Cr | Satisfied |
To see the full charge records of Skytone Electricals (India) Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Skytone Electricals (India) Limited has 33 court cases on record: 28 filed by Skytone Electricals (India), 5 filed against it. 7 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 3 | 6 |
| High courts | 3 | 0 | 0 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed by the company against Nicco Power Projects Pvt Ltd | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by M/S Ajit Sheets India Pvt. Ltd. | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Canara Bank and Others | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed by the company against Ms Birla Aircon Infra Structures Pvt. Ltd., and 7 others | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by State | Pending |
To see the full case history of Skytone Electricals (India) 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 Skytone Electricals (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Skytone Electricals (India) has 2 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
Employees & EPFO
Skytone Electricals (India) Limited has a workforce of 1 employees on its EPFO records as of Apr 03, 2024, across 2 active EPFO establishments.
GST
Skytone Electricals (India) has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Skytone Electricals (India) Limited, buy the company report.
Recent activity
Skytone Electricals (India) Limited has 9 board changes on record since 1998: 3 appointments and 6 cessations. The latest: Amrit Sethi Kaur ceased to be Additional Director on 29 Sep 2017.
57 earlier events are in the company report.
Frequently asked questions
Skytone Electricals (India) is an active public limited company based in New Delhi, Delhi, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 12 March 1998 (28+ years old) and is registered under CIN U31300DL1998PLC092724.
Skytone Electricals (India) has 3 current directors:
- Davinder Singh Sethi - Managing Director
- Amrit Sethi Kaur - Director
- Harvinder Singh Sethi - Director
The latest financial statements of Skytone Electricals (India) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Skytone Electricals (India) has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Skytone Electricals (India) is U31300DL1998PLC092724. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Skytone Electricals (India) has 33 court cases on record: 28 filed by the company and 5 filed against it. 7 are pending. Most are in the district courts.
Skytone Electricals (India) was incorporated on 12 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Delhi.
Amrit Sethi Kaur ceased to be Additional Director on 29 Sep 2017. Amrit Sethi Kaur was appointed as Director on 01 Apr 2017. Pritam Singh Sethi ceased to be Director on 21 Mar 2017. Skytone Electricals (India) has 9 board changes on record in total.
Skytone Electricals (India) can be reached through the website skytonecable.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Skytone Electricals (India) is at B – 321 New Friends Colony, New Delhi, Delhi, India – 110065.