About SRS Finance Limited.
Data last updated:
SRS Finance Limited. is a public limited company based in Faridabad, Haryana, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 01 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L74899HR1994PLC040440. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from BSE on 13 Jul 2022 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹125 Cr and a paid-up capital of ₹98.12 Cr. It was formerly known as Srs Exhibitors and Hoteliers Limited and Skytone Capital Services Ltd. It is led by director Bishan Bansal (Managing Director).
Its last annual general meeting (AGM) was held on 27 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Srs Multiplex Mezzanine Floor City Centre Sector – 12, Faridabad, Haryana, India – 121007.
As per the financials filed for FY 2017, the company reported a revenue of ₹18.17 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹15.04 Cr (net margin -82.8%) and EBITDA of -₹2.69 Cr (EBITDA margin -14.8%).
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹110 Cr and satisfied charges of ₹37.32 Cr on record. Court records list 45 cases involving the company, including 5 filed by the company and 40 filed against it; 18 cases are pending. The company has 4 deals on record (4 market trades); the latest was in December 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 srsparivar.com.
Company details
Name history
SRS Finance Limited has undergone 3 name changes throughout its history. The company was previously known as Srs Exhibitors And Hoteliers Limited, Skytone Capital Services Ltd, and Skytone Capital Services Private Ltd. The current legal name is Srs Finance Limited..
| Company Name | Status |
|---|---|
| SRS Finance Limited. | Current |
| Srs Exhibitors And Hoteliers Limited | Previous |
| Skytone Capital Services Ltd | Previous |
| Skytone Capital Services Private Ltd | Previous |
CIN history
SRS Finance Limited has one previous CIN (Corporate Identification Number): L74899DL1994PLC057184. The current CIN is L74899HR1994PLC040440, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74899HR1994PLC040440 | Current |
| L74899DL1994PLC057184 | Previous |
Contact details
SRS Finance Limited.'s registered office is in Faridabad, Haryana. Its website is srsparivar.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSrs Multiplex Mezzanine Floor City Centre Sector – 12, Faridabad, Haryana, India – 121007
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of SRS Finance 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 SRS Finance Limited is financial and insurance service. In detail, this covers financial and credit leasing activities and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of SRS Finance Limited., buy the company report.
Financials of SRS Finance Limited.
FY 2017 filings availableSRS Finance Limited. reported revenue of ₹18.17 Cr (down 66% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. EBITDA fell 115% in the latest 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 | |||
| Other Income | |||
| Total Revenue | ₹18.17 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.69 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹15.04 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 | -14.8% | ||
| Net Profit Margin | -82.8% | ||
| 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 SRS Finance Limited., buy the company report.
Board of directors of SRS Finance Limited.
SRS Finance Limited has 1 current director and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bishan Bansal Also directs: SRS Mines Overseas Limited, BTL Holding Company Limited | Managing Director | 20 Jun 2016 | 10 Years 4 Months | Current |
Auditor
SRS Finance Limited. is audited by S V P & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V P & ASSOCIATES | FY 2017 | 003838N |
Shareholding
The shareholding of SRS Finance 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 SRS Finance Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2015 | 10608145 | Karnataka Bank Ltd. | ₹10 Cr | Open | |
| 24 May 2013 | 10429999 | Bank of Baroda | ₹65 Cr | Open | |
| 07 Dec 2010 | 10256416 | Corporation Bank | ₹35 Cr | Open | |
| 12 Sep 2011 | 10314429 | Central Bank of India | ₹4.92 Cr | Satisfied | |
| 15 Dec 2007 | 10083080 | Bank of India | ₹1.5 Cr | Satisfied |
To see the full charge records of SRS Finance Limited., buy the company report.
Total charge records: 6 View all charges
Deals & funding
SRS Finance Limited. has 4 deals on record (4 market trades); the latest was in December 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Market trade | ₹1.83 Cr | Buyer: Stunning Suppliers and Traders Private Limited Seller: Olympia Builders Private Limited |
| Aug 2016 | Market trade | ₹1.13 Cr | Buyer: BTL Holding Company Limited Seller: Trishul Dream Homes Limited |
| Mar 2014 | Market trade | ₹1.6 Cr | Buyer: Trishul Dream Homes Limited Seller: an individual |
| Mar 2014 | Market trade | ₹1.6 Cr | Buyer: Trishul Dream Homes Limited Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SRS Finance Limited. has 45 court cases on record: 5 filed by SRS Finance Limited, 40 filed against it. 18 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 37 | 17 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Reliance Commercial Finance Ltd | Pending |
| District court, Faridabad, Haryana | Court case (C R R) | Filed against the company by Rattan Polychem Pvt Ltd and 2 others | Disposed |
| District court, South West, Delhi | Arbitration matter | Filed against the company by Reliance Commercial Finance Ltd. | Disposed |
| District court, Central, Delhi | Court case (CBI) | Filed against the company by an individual | Pending |
| District court, Gurugram, Haryana | Commercial suit | Filed against the company by an individual | Pending |
To see the full case history of SRS Finance 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.
Credit ratings & regulatory alerts
SRS Finance Limited. was last rated by Brickwork on 19 Sep 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 19 Sep 2019 |
To see the full credit ratings and regulatory alerts of SRS Finance Limited., buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for SRS Finance Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
SRS Finance Limited. has a workforce of 12 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
SRS Finance Limited 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 SRS Finance Limited., buy the company report.
Recent activity
SRS Finance Limited. has 67 board changes on record since 2001: 34 appointments and 33 cessations. The latest: Naresh Kumar Goyal ceased to be Director on 01 Jul 2024.
72 earlier events are in the company report.
News
Frequently asked questions
SRS Finance Limited is an active public limited company based in Faridabad, Haryana, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 01 February 1994 (32+ years old) and is registered under CIN L74899HR1994PLC040440.
SRS Finance Limited has 1 current director:
- Bishan Bansal - Managing Director
The latest financial statements of SRS Finance Limited on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 September 2017. Year-wise statements from 2015 are in the company report.
No. SRS Finance Limited has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of SRS Finance Limited is L74899HR1994PLC040440. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SRS Finance Limited is recorded as a listed company by MCA, but its shares were delisted from BSE on 13 Jul 2022 · compulsory delisting, and no longer trade on a stock exchange.
SRS Finance Limited has 45 court cases on record: 5 filed by the company and 40 filed against it. 18 are pending. Most are in the district courts.
SRS Finance Limited was incorporated on 01 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Haryana.
SRS Finance Limited has 4 deals on record (4 market trades); the latest was in December 2016.
Naresh Kumar Goyal ceased to be Director on 01 Jul 2024. Yogesh Kumar ceased to be Additional Director on 01 Nov 2019. Rajesh Yadav ceased to be Additional Director on 12 Sep 2018. SRS Finance Limited has 67 board changes on record in total.