Promoter holding
64.27%
SM
Skyline Millars Limited - Due diligence report
A 360° intelligence report on Skyline Millars Ltd: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Skyline Millars Ltd — 360° Intelligence Report
Generated from MCA filings & public records56/100
Trust Score
Moderate
Skyline Millars Ltd is assessed as Moderate with a Trust Score of 56/100. Skyline Millars Ltd is an active public limited indian non-government company incorporated in 1919, operating in the Machinery and Equipment sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.
Report generated on 06 Jul 2026 from the latest processed filings. Skyline Millars Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
56/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 55/100 Moderate
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Externally credit-rated (D).
Charges position: 0 open (-) · 1 satisfied (8.81 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of Maharashtra | 1 | 48.0 cr |
Compliance Score: 56/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI, BSE.
- Litigation present in 2 court forum(s).
- 2 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NEELAM HARDIK SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHILPIN KHYALILAL TATER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARSHAL SATISH PHATAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DIANA KEVIN DIAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK JETHABHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KARTIKEY NARENDRA PATWA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK CHANDRESEKHARAN PILLAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JATIN VALJIBHAI DAISARIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MASTER NEELAM KANHAIYALAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAULIK HARSHAD DAVE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kartikey Narendra Patwa | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Neelam Hardik Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- KARTIKEY NARENDRA PATWA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: HARSHAL SATISH PHATAK (CFO) · KARTIKEY NARENDRA PATWA (CEO) · MAULIK HARSHAD DAVE (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 50
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 106+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 38% in a year.
Compliance score is weak (56/100).
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence54/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment51/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view46/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events24 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Aug 2024
Director ceased
VINOD NARAYAN JOSHI
19 Jun 2024
Director ceased
ASHOK CHANDRESEKHARAN PILLAI
08 May 2024
Director appointed
ASHOK CHANDRESEKHARAN PILLAI (Director)
22 Feb 2024
Director appointed
Kartikey Narendra Patwa (Ceo)
07 Feb 2024
Director appointed
KARTIKEY NARENDRA PATWA (CEO)
22 Nov 2022
Director ceased
DIANA KEVIN DIAS
07 Oct 2022
Director appointed
DIANA KEVIN DIAS (Director)
18 Jul 2022
Director ceased
SOHA SUDARSHAN SHIRKE
11 May 2022
Director ceased
TARAK ASHOK PATEL
21 Nov 2018
Director appointed
HARSHAL SATISH PHATAK (CFO)
15 Nov 2018
Director appointed
NEELAM HARDIK SHAH (Company Secretary)
Director appointed
MASTER NEELAM KANHAIYALAL (Company Secretary)
Director appointed
Neelam Hardik Shah (Company Secretary)
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
12 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of D from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
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| Nanny Infrastructure Private Limited | U45200DL2008PTC174305 | New Delhi, Delhi, India |
| Dcr Developers Private Limited | U45400TG2012PTC079087 | Hyderabad, Telangana, India |
| Slr Techinfra Private Limited | U70102DL2001PTC111691 | Delhi, Delhi, India |
| Bengal Sreemaa Housing Private Limited | U45400WB2007PTC116513 | New Town, West Bengal, India |
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Skyline Millars Ltd before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Skyline Millars Ltd: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Skyline Millars Ltd - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 56/100, distress signals and MSME payment-delay disclosures - know whether Skyline Millars Ltd pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Skyline Millars Ltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Skyline Millars Ltd an active company?
Skyline Millars Ltd has MCA status “Active” with a compliance score of 56/100 (Moderate).
Is Skyline Millars Ltd financially healthy?
Skyline Millars Ltd has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Skyline Millars Ltd?
Its overall Trust Score is 56/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Skyline Millars Ltd?
Promoters hold a majority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Skyline Millars Ltd have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Skyline Millars Ltd up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 56/100 (Moderate).
Is it risky to lend to Skyline Millars Ltd?
Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
