Skysails Engineering Private Limited
About Skysails Engineering Private Limited
Data last updated:
Skysails Engineering Private Limited is a private limited company based in Satara, Maharashtra, India, a subsidiary of Marine Power International. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 13 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29194PN2009PTC134308. Its GSTIN is 27AAFCP1096D1ZI (Maharashtra).
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹21.42 Lakh. It was formerly known as Prazision Engicomp Private Limited. It is led by directors Bharat Patil and Vijay Shravan Tijare.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No Pap 6&7 Khandala Phase – I Industrial Area Tal – Khandala Dist – Satara 412802, Maharashtra, India – 412802.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.05 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹10.11 Lakh (net margin 1%) and EBITDA of ₹1.19 Cr (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 19% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No Pap 6&7 Khandala Phase – I Industrial Area Tal – Khandala Dist – Satara 412802, Maharashtra, India – 412802
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Skysails Engineering Private Limited
The main business activity of Skysails Engineering is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Skysails Engineering Private Limited
Skysails Engineering Private Limited is audited by KIRLOSKAR LIMAYE & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KIRLOSKAR LIMAYE & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Skysails Engineering Private Limited
Skysails Engineering has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Patil | Director | 01 Sep 2016 | 10 Years 1 Months | Current |
| Vijay Shravan Tijare | Director | 27 Sep 2011 | 15 Years 0 Months | Current |
Financials of Skysails Engineering Private Limited FY 2024 filings available
Skysails Engineering Private Limited reported revenue of ₹10.05 Cr (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Skysails Engineering Private Limited
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 16% 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 of Skysails Engineering Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.11 Lakh | •••• | •••• | •••• | •••• |
| 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 of Skysails Engineering Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Skysails Engineering are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Skysails Engineering Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Skysails Engineering Private Limited
Skysails Engineering Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Skysails Engineering Private Limited
Employment history and EPFO contributions of people linked to Skysails Engineering.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Skysails Engineering Private Limited
Skysails Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP1096D1ZI | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Skysails Engineering Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Skysails Engineering Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Skysails Engineering Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Skysails Engineering Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Skysails Engineering Private Limited
Frequently Asked Questions about Skysails Engineering Private Limited
Skysails Engineering is an active private limited company based in Satara, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 13 July 2009 (17+ years old) and is registered under CIN U29194PN2009PTC134308.
Skysails Engineering reported revenue of ₹10.05 Cr for FY 2024 (down 15% YoY).
Skysails Engineering has 2 current directors:
- Bharat Patil - Director
- Vijay Shravan Tijare - Director
Skysails Engineering reported a net profit of ₹10.11 Lakh (net margin 1%) and EBITDA of ₹1.19 Cr (EBITDA margin 11.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Skysails Engineering is 15% over three years and 19% over five years. In the latest year (FY 2024) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Skysails Engineering is 27AAFCP1096D1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Skysails Engineering is U29194PN2009PTC134308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Skysails Engineering was incorporated on 13 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Pune.
The registered office of Skysails Engineering is at Plot No Pap 6&7 Khandala Phase – I Industrial Area Tal – Khandala Dist – Satara 412802, Maharashtra, India – 412802.