About Shardlow India Limited
Data last updated:
Shardlow India Limited was a public limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Simpson And Company Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the metalworking segment of the metals and mining sector. It was incorporated on 19 August 1960.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U35990TN1960PLC004235. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹60 Cr and a paid-up capital of ₹45 Cr. It was formerly known as Shardlow India Private Limited. It was led by directors including Pasalai Rajamani Sankaran and Srinivasaraghavan Sridharan.
Its last annual general meeting (AGM) was held on 06 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Huzur Gardens Sembiam, Chennai, Tamil Nadu, India – 600011.
As per the financials filed for FY 2022, the company reported a revenue of ₹81.37 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹22.08 Cr (net margin -27.1%) and EBITDA of -₹2 Cr (EBITDA margin -2.5%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 2% over five years.
The company had about 234 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Shardlow. As per MCA filings, the company had open charges of ₹158.45 Cr and satisfied charges of ₹199.34 Cr on record. Court records list 74 cases involving the company, including 30 filed by the company and 44 filed against it; 3 cases are pending. The company has 6 deals on record (3 rights issues, 3 funding rounds), with disclosed funding of ₹16 Cr; the latest was in November 2019.
The last known website on record is shardlow.in.
Company details
CIN history
Shardlow India has one previous CIN (Corporate Identification Number): L35990TN1960PLC004235. The current CIN is U35990TN1960PLC004235, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35990TN1960PLC004235 | Current |
| L35990TN1960PLC004235 | Previous |
Contact details
Shardlow India Limited's registered office is in Chennai, Tamil Nadu. Its website is shardlow.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressHuzur Gardens Sembiam, Chennai, Tamil Nadu, India – 600011
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Shardlow 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
Brands
Shardlow India operates one associated brand: Shardlow. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies forged and machined crankshafts to OEMs. | shardlow.in |
Business activity
The main business activity of Shardlow India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Shardlow India Limited, buy the company report.
Financials of Shardlow India Limited
FY 2022 filings availableShardlow India Limited reported revenue of ₹81.37 Cr (up 5% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA fell 171% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹81.37 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹22.08 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.5% | ||||
| Net Profit Margin | -27.1% | ||||
| 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 Shardlow India Limited, buy the company report.
Board of directors and KMP of Shardlow India Limited
Shardlow India Limited currently reports 3 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pasalai Rajamani Sankaran Also directs: Bimetal Bearings Limited, Addison & Co. Limited, Amalgamations Valeo Clutch Private Limited and 5 more | Director | 03 Aug 2021 | 5 Years 3 Months | As last reported |
| Srinivasaraghavan Sridharan | Director | 02 May 2018 | 8 Years 6 Months | As last reported |
| Ramamoorthy Ramesh Babu | Cfo | 08 May 2014 | 12 Years 6 Months | As last reported |
| Anantharamakrishnan Krishnamoorthy Also directs: Bimetal Bearings Limited, Stanes Amalgamated Estates Limited, T Stanes and Company Limited and 5 more | Director | 07 May 1964 | 62 Years 6 Months | As last reported |
Auditor
Shardlow India Limited is audited by M S KRISHNASWAMI & RAJAN for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S KRISHNASWAMI & RAJAN | FY 2022 | 001554S |
Shareholding
The shareholding of Shardlow India Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shardlow India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2016 | 100024803 | Others | ₹40 Cr | Open | |
| 12 May 2004 | 90383046 | I.F.C.I. Ltd. | ₹7 Cr | Open | |
| 16 Aug 2000 | 90383011 | Bank of Baroda | ₹9.96 Cr | Open | |
| 30 Mar 2000 | 90383004 | Icici Bank Ltd. | ₹15 Cr | Open | |
| 22 Mar 2000 | 90383002 | Industrial Development Bank of India | ₹10 Cr | Open |
To see the full charge records of Shardlow India Limited, buy the company report.
Total charge records: 65 View all charges
Deals & funding
Shardlow India Limited has 6 deals on record (3 rights issues, 3 funding rounds), with disclosed funding of ₹16 Cr; the latest was in November 2019.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Rights issue | ₹10 Cr | Investors: Simpson and Company Limited |
| Dec 2017 | Rights issue | ₹10 Cr | Investors: Simpson and Company Limited |
| Jan 2016 | Rights issue | ₹1 Cr | Investors: Simpson and Company Limited |
| Oct 2013 | Funding round | ₹1 Cr | Investors: Simpson and Company Limited |
To see the full deal history of Shardlow India 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
Shardlow India Limited has 74 court cases on record: 30 filed by Shardlow India, 44 filed against it. 3 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 61 | 32 | 0 |
| District courts | 7 | 6 | 0 |
| NCLAT | 4 | 4 | 3 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 74)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by Welmech Engineering Company Pvt Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Tractors & Farm Equipment Ltd. and 54 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against Tractors & Farm Equipment Ltd. and 18 others | Disposed |
| NCLAT, NCLAT Chennai | Court case (TA (AT)) | Filed against the company by an individual | Pending |
| NCLAT, Court III | Tribunal matter | Filed against the company by an individual | Pending |
To see the full case history of Shardlow 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 Shardlow India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shardlow India Limited has a workforce of 234 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Shardlow India 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 Shardlow India Limited, buy the company report.
Recent activity
Shardlow India Limited has 11 board changes on record since 1964: 4 appointments and 7 cessations. The latest: Pasalai Rajamani Sankaran ceased to be Additional Director on 26 Aug 2021.
105 earlier events are in the company report.
Frequently asked questions
Shardlow India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Shardlow India was a public limited company based in Chennai, Tamil Nadu, India. The company worked in metalworking, within the metal and minerals industry. It was incorporated on 19 August 1960 and is registered under CIN U35990TN1960PLC004235. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Shardlow India was incorporated on 19 August 1960. It is registered with the Registrar of Companies, Chennai.
Shardlow India had 4 directors and KMP:
- Pasalai Rajamani Sankaran - Director
- Srinivasaraghavan Sridharan - Director
- Anantharamakrishnan Krishnamoorthy - Director
- Ramamoorthy Ramesh Babu - Cfo
The CIN (Corporate Identification Number) of Shardlow India is U35990TN1960PLC004235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Shardlow India is at Huzur Gardens Sembiam, Chennai, Tamil Nadu, India – 600011.
Shardlow India can be reached through the website shardlow.in. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Shardlow India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 06 September 2022. Year-wise statements from 2015 are in the company report.
No. Shardlow India has 1 GST registration on record and it is cancelled or inactive.
Shardlow India operated in the metal and minerals industry, in the metalworking segment.
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