Stumpp Schuele & Somappa Springs Private Limited

Manufactures and sells metallic springs for various industries, part of MG Brothers Group.

1996 | Bangaluru, Karnataka (India) | Active
Last Updated: December 03, 2024

Stumpp Schuele & Somappa Springs Profile

Key Indicators

  • Authorised Capital ₹ 7.50 Cr
  • Paid Up Capital ₹ 3.01 Cr
  • Company Age 28 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 294.55 Cr
  • Satisfied Charges ₹ 288.06 Cr
  • Revenue Growth 29.94%
  • Profit Growth -22.85%
  • Ebitda -13.48%
  • Net Worth 10.05%
  • Total Assets 17.20%

About Stumpp Schuele & Somappa Springs

Stumpp Schuele & Somappa Springs Private Limited (SSSSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 August 1996 and has a history of 28 years and five months. Its registered office is in Bangaluru, Karnataka, India.

The Corporate was formerly known as Allevard Springs (India) Private Limited. The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.50 Cr and a paid-up capital of Rs 3.01 Cr.

The company currently has active open charges totaling ₹294.55 Cr. The company has closed loans amounting to ₹288.06 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ramanna Gangadhar, Satish Machani, Ravi Machani, and Two other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U29299KA1996PTC038742

  • Company No.

    038742

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Aug 1996

  • Date of AGM

    10 Nov 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Automotive

What products or services does Stumpp Schuele & Somappa Springs Private Limited offer?

Stumpp Schuele & Somappa Springs Private Limited offers a wide range of products and services, including Engine & Engine Spare Parts, Engine Components, Air Springs & Compression Springs, Wire Springs, Engine Valve Spring, Compression Springs, Suspension System & Components, Suspension Parts, Clamps, SS Hose Clamps.

Who are the key members and board of directors at Stumpp Schuele & Somappa Springs?

Executive Team (1)

NameDesignationAppointment DateStatus
Satish Machani Country flag representing In Managing Director04-Jun-2009Current

Board Members (4)

NameDesignationAppointment DateStatus
Ramanna Gangadhar Country flag representing In Director 04-Jun-2009Current
Ravi Machani Country flag representing Us Whole-Time Director 04-Jun-2009Current
Machani Ganganna Country flag representing In Director 04-Jun-2009Current
Anil Machani Country flag representing In Director 13-Sep-2019Current

Financial Performance of Stumpp Schuele & Somappa Springs.

Stumpp Schuele & Somappa Springs Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 29.94% increase. The company also saw a substantial fall in profitability, with a 22.85% decrease in profit. The company's net worth Soared by an impressive increase of 10.05%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
29.94%
Revenue from Operations
30.10%
Total Assets
17.20%
Profit or Loss
-22.85%
Net Worth
10.05%
EBITDA
-13.48%

What is the Ownership and Shareholding Structure of Stumpp Schuele & Somappa Springs?

In 2022, Stumpp Schuele & Somappa Springs had a promoter holding of 100.00%. The company had 6 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹294.55 Cr

Satisfied Charges

₹288.06 Cr

Charges Breakdown by Lending Institutions

  • Others : 225.09 Cr
  • Axis Bank Limited : 35.00 Cr
  • Canara Bank : 27.00 Cr
  • Tata Capital Financial Services Limited : 5.00 Cr
  • Hdfc Bank Limited : 2.46 Cr

Latest Charge Details

DateLenderAmountStatus
31 May 2024Hdfc Bank Limited₹1.31 CrOpen
30 Dec 2023Others₹5.00 CrOpen
20 Sep 2023Canara Bank₹27.00 CrOpen
30 Aug 2023Others₹10.00 CrOpen
31 Mar 2023Others₹10.00 CrOpen

How Many Employees Work at Stumpp Schuele & Somappa Springs?

Stumpp Schuele & Somappa Springs has a workforce of 494 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Stumpp Schuele & Somappa Springs, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Stumpp Schuele & Somappa Springs's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Stumpp Schuele & Somappa Springs

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.31 Cr with Charge ID 100933784 was registered on 31 May 2024.

    31 May 2024

  • Charges

    A charge with Others of Rs. 5.00 Cr registered on 30 Dec 2023 with Charge ID 100858741 was modified on 31 Jan 2024.

    31 Jan 2024

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100858741 was registered on 30 Dec 2023.

    30 Dec 2023

  • Annual General Meeting

    Stumpp Schuele & Somappa Springs Private Limited last Annual general meeting of members was held on 10 Nov 2023 as per latest MCA records.

    10 Nov 2023

  • Charges

    A charge with Canara Bank amounted to Rs. 27.00 Cr with Charge ID 100780316 was registered on 20 Sep 2023.

    20 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100791606 was registered on 30 Aug 2023.

    30 Aug 2023

Frequently asked questions

  • Stumpp Schuele & Somappa Springs Private Limited was incorporated on 12 Aug 1996.

  • The authorized share capital of Stumpp Schuele & Somappa Springs Private Limited is ₹ 7.50 Cr and paid-up capital is ₹ 3.01 Cr.

  • Currently 5 directors are associated with Stumpp Schuele & Somappa Springs Private Limited.

    • Ramanna Machani Gangadhar
    • Satish Ramesh Machani
    • Ravi Ramesh Machani
    • Machani Ramanna Ganganna
    • Anil Narasappa Machani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Stumpp Schuele & Somappa Springs Private Limited is No.04 Bommasandra Industrial Area Attibele Hobli, Anekal Taluk. India, Bangalore, Karnataka, 560099.

  • The corporate identification number (CIN) of Stumpp Schuele & Somappa Springs Private Limited is U29299KA1996PTC038742 and the company number is 038742 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Stumpp Schuele & Somappa Springs Private Limited is https://www.ssssprings.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Stumpp Schuele & Somappa Springs Private Limited has risen by 29.94%.

  • As Per 2022 financial reports, 494 employees are currently employed by Stumpp Schuele & Somappa Springs Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Stumpp Schuele & Somappa Springs Private Limited has experienced an upsurge of 10.05%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Stumpp Schuele & Somappa Springs Private Limited amount to ₹ 294.55 Cr.

  • The most recent Balance Sheet for Stumpp Schuele & Somappa Springs Private Limited was filed with the ROC on 31 Mar 2023.

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