SKP Bearing Industries Ltd Share Price

Description

• The Company was originally formed as a Partnership Firm under the name and style of "M/s. S K P Bearing Industries" pursuant to a Deed of Partnership dated November 21, 1991. M/s. S K P Bearing Industries was thereafter converted into a Private Limited Company "SKP Bearing Industries Private Limited" on January 06, 2022 pursuant to provisions of Chapter XXI of the Companies Act and a fresh Certificate of Incorporation dated January 06, 2022 was issued by Registrar of Companies, Ahmedabad. Subsequently, the Company has been converted into a Public Limited Company and name of the Company changed to"SKP Bearing Industries Limited" pursuant to a Special Resolution passed at the Extra Ordinary General Meeting of the Company held on January 31, 2022 and a fresh Certificate of Incorporation dated February 15, 2022 was issued by the Registrar of Companies, Ahmedabad. The Company is involved in the business of manufacturing and exporting of needle rollers, cylindrical rollers, pins and steel balls (Rolling Elements). The Company is also engaged in the business of generating, distributing, supply, accumulation and sale of electricity from solar and wind energy. The Promoters, Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar have developed expertise and upgraded technology by adding several imported machineries and equipment to the plant, which helped the Company to boost production capacity and quality of products in manufacturing of rolling components. The Company has the potential to supply the best products at most competitive prices in the market. It is an exporter of rolling elements which cater the requirements of international customers in Brazil, Argentina, UAE, etc. Apart from this, the Company supply these rolling elements across India to reputed bearing manufactures and OEMs in domestic market in diverse industries such as textile, automobile, etc. The Company has ventured into power generation business by installing wind mill in year 2012-2013 at Survey No. 646, Village Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat with a commissioned capacity of 0.80 MW and is currently used for captive consumption. The Company has solar plant situated at Survey No. 25/M., Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh, and other wind mills situated at Survey No. 143/2, Village: Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra with a commissioned capacity of 0.63 MW, 1.5 MW and 0.80 MW respectively for generation and sale of power and electricity to various customers. The Company currently has a manufacturing unit located at Survey No. 2127, Mulchand Road, Wadhwan-363030, Surendranagar, Gujarat, having a total area of approximately 16,160 sq. mtrs. The plant has good transport connectivity and also being coastal state, the Company is close to some major/popular sea ports like Kandla Port and Mundra Sea Port. This facility has machineries installed for manufacturing of rollers for 600 million pcs, and manufacturing of balls for 480 tons. The products are manufactured with advanced technology as well. The Company supply corrosion-free rollers, and provide custom make pins as per customer drawing. The principal raw materials used by Company to manufacture needle rollers, cylindrical rollers, pins, balls are bearing steel wire rods and coil. The Company purchase most of the raw materials in required quantities from its supplier base. The key suppliers are Jindal Steel & Power Ltd., Jayaswal Neco Industries Ltd, etc. The Company also import raw materials from France, China, South Korea, Japan, etc. It use raw materials like ENAD, Stainless Steel and other raw material specified by customers. In 2012, the Company was awarded with "India`s small Giants" by NDTV. The Company was also awarded `India SME100 Achievers` in year 2013. The Company is IATF certified organization, and manufacture, export or supply rollers as per the need and demand of various companies. Its products are designed by experts and made as per specific specifications offered by the clients. In 2020, the Company was recognized for Quality Management System with IATF 16949 Standard for manufacturing of Needle rollers, cylindrical rollers, Steel balls and pins by T�V S�D Management Service GmbH, Munich, Germany.

• The Company was originally formed as a Partnership Firm under the name and style of "M/s. S K P Bearing Industries" pursuant to a Deed of Partnership dated November 21, 1991. M/s. S K P Bearing Industries was thereafter converted into a Private Limited Company "SKP Bearing Industries Private Limited" on January 06, 2022 pursuant to provisions of Chapter XXI of the Companies Act and a fresh Certificate of Incorporation dated January 06, 2022 was issued by Registrar of Companies, Ahmedabad. Subsequently, the Company has been converted into a Public Limited Company and name of the Company changed to"SKP Bearing Industries Limited" pursuant to a Special Resolution passed at the Extra Ordinary General Meeting of the Company held on January 31, 2022 and a fresh Certificate of Incorporation dated February 15, 2022 was issued by the Registrar of Companies, Ahmedabad. The Company is involved in the business of manufacturing and exporting of needle rollers, cylindrical rollers, pins and steel balls (Rolling Elements). The Company is also engaged in the business of generating, distributing, supply, accumulation and sale of electricity from solar and wind energy. The Promoters, Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar have developed expertise and upgraded technology by adding several imported machineries and equipment to the plant, which helped the Company to boost production capacity and quality of products in manufacturing of rolling components. The Company has the potential to supply the best products at most competitive prices in the market. It is an exporter of rolling elements which cater the requirements of international customers in Brazil, Argentina, UAE, etc. Apart from this, the Company supply these rolling elements across India to reputed bearing manufactures and OEMs in domestic market in diverse industries such as textile, automobile, etc. The Company has ventured into power generation business by installing wind mill in year 2012-2013 at Survey No. 646, Village Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat with a commissioned capacity of 0.80 MW and is currently used for captive consumption. The Company has solar plant situated at Survey No. 25/M., Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh, and other wind mills situated at Survey No. 143/2, Village: Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra with a commissioned capacity of 0.63 MW, 1.5 MW and 0.80 MW respectively for generation and sale of power and electricity to various customers. The Company currently has a manufacturing unit located at Survey No. 2127, Mulchand Road, Wadhwan-363030, Surendranagar, Gujarat, having a total area of approximately 16,160 sq. mtrs. The plant has good transport connectivity and also being coastal state, the Company is close to some major/popular sea ports like Kandla Port and Mundra Sea Port. This facility has machineries installed for manufacturing of rollers for 600 million pcs, and manufacturing of balls for 480 tons. The products are manufactured with advanced technology as well. The Company supply corrosion-free rollers, and provide custom make pins as per customer drawing. The principal raw materials used by Company to manufacture needle rollers, cylindrical rollers, pins, balls are bearing steel wire rods and coil. The Company purchase most of the raw materials in required quantities from its supplier base. The key suppliers are Jindal Steel & Power Ltd., Jayaswal Neco Industries Ltd, etc. The Company also import raw materials from France, China, South Korea, Japan, etc. It use raw materials like ENAD, Stainless Steel and other raw material specified by customers. In 2012, the Company was awarded with "India`s small Giants" by NDTV. The Company was also awarded `India SME100 Achievers` in year 2013. The Company is IATF certified organization, and manufacture, export or supply rollers as per the need and demand of various companies. Its products are designed by experts and made as per specific specifications offered by the clients. In 2020, the Company was recognized for Quality Management System with IATF 16949 Standard for manufacturing of Needle rollers, cylindrical rollers, Steel balls and pins by T�V S�D Management Service GmbH, Munich, Germany.