About Ceat Specialty Tyres Limited
Data last updated:
Ceat Specialty Tyres Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Ceat Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 09 October 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U25199MH2012PLC236623. Its GSTIN is 37AABCU5142M1Z2 (Andhra Pradesh). The company held 30 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹29.05 Cr and a paid-up capital of ₹21.05 Cr. It was formerly known as Ceat Specialty Tyres Private Limited and Unitgro Comtrade Private Limited. It was led by directors including Vijaysinh Shrimantrao Gambhire (Managing Director) and Anant Vardhan Goenka.
Its last annual general meeting (AGM) was held on 24 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Rpg House 463 Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2019, the company reported a revenue of ₹368.56 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net loss of ₹46.2 Cr (net margin -12.5%) and EBITDA of ₹52.46 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years.
The company had about 329 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 3 cases involving the company, including 3 filed by the company. The company has 8 deals on record (4 rights issues, 3 secondary share transfers, 1 acquisition); the latest was in January 2019.
The last known website on record is ceat.com.
Name History
Ceat Specialty Tyres has undergone 2 name changes throughout its history. The company was previously known as Ceat Specialty Tyres Private Limited, and Unitgro Comtrade Private Limited. The current legal name is Ceat Specialty Tyres Limited.
| Company Name | Status |
|---|---|
| Ceat Specialty Tyres Limited | Current |
| Ceat Specialty Tyres Private Limited | Previous |
| Unitgro Comtrade Private Limited | Previous |
CIN History
Ceat Specialty Tyres has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U25199MH2012PLC236623, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25199MH2012PLC236623 | Current |
| U25199MH2012PTC236623 | Previous |
| U51909MH2012PTC236623 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressRpg House 463 Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400030
- IndustryAutomotive, Auto Parts & Components
- 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
The main business activity of Ceat Specialty Tyres is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated 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
Financials of Ceat Specialty Tyres Limited
FY 2019 filings availableCeat Specialty Tyres Limited reported revenue of ₹368.56 Cr (up 38% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 53% over three years, including 38% growth in the latest year. EBITDA rose 103% 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
| Metrics | FY 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹368.56 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹52.46 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹46.2 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 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.1% | |
| Net Profit Margin | -12.5% | |
| 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, and every line for FY 2014-15 to FY 2017-18, 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 Ceat Specialty Tyres are in the company report.
: available in the company report
Board of Directors of Ceat Specialty Tyres Limited
Ceat Specialty Tyres has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anant Vardhan Goenka | Director | 19 Jun 2015 | 11 Years 4 Months | As last reported |
| Vijaysinh Shrimantrao Gambhire | Managing Director | 01 Mar 2018 | 8 Years 7 Months | As last reported |
| Arnab Banerjee Mrinal Also directs: Ceat Limited, Ceat Auto Components Limited, Spencer International Hotels Limited and 1 more | Director | 24 Apr 2015 | 11 Years 5 Months | As last reported |
| Paras Kumar Chowdhary | Director | 27 Jul 2016 | 10 Years 2 Months | As last reported |
| Vallari Kedar Gupte Also directs: Skoda Auto Volkswagen India Private Limited | Additional Director | 25 Sep 2019 | 7 Years 0 Months | As last reported |
| Kishore Chandrakant Shete | Director | 27 Jul 2016 | 10 Years 2 Months | As last reported |
Auditor Details
Ceat Specialty Tyres Limited is audited by S R B C & CO LLP for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R B C & CO LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Ceat Specialty Tyres Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding
Ceat Specialty Tyres Limited has 8 deals on record (4 rights issues, 3 secondary share transfers, 1 acquisition); the latest was in January 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Ceat Limited & Vijaysinh Shrimantrao Gambhire, Ceat Limited & Vallari Gupte Seller: Ceat Limited & Shruti Joshi, Ceat Limited & Kunal Mundra |
| Aug 2018 | Rights issue | ₹30 Cr | Investors: CEAT Limited |
| Dec 2017 | Rights issue | ₹70 Cr | Investors: CEAT Limited |
| Jun 2016 | Rights issue | ₹10 Cr | Investors: CEAT Limited |
| Dec 2015 | Acquisition | ₹100 Cr | Buyer: CEAT Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Ceat Specialty Tyres Limited has 3 court cases on record: 3 filed by Ceat Specialty Tyres. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CAW) | Filed by the company against The Chief Executive Officer, Mah. Industrial Development Corporation and Ors | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Chief Executive Officer, Mah. Industrial Development Corporation and Ors | Disposed |
: available in 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.
Employees and EPFO Compliance
Ceat Specialty Tyres Limited has a workforce of 329 employees as of Mar 23, 2024.
: available in the company report
Recent Activity
Ceat Specialty Tyres Limited has 17 board changes on record since 2015: 6 appointments and 11 cessations. The latest: Kottukappallil Tom Thomas ceased to be Director on 30 Sep 2019.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Ceat Specialty Tyres has 30 GST registrations: 1 active and 29 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCU5142M1Z2 | Andhra Pradesh | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Ceat Specialty Tyres has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ceat Specialty Tyres was a public limited company based in Mumbai, Maharashtra, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 09 October 2012 and is registered under CIN U25199MH2012PLC236623. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ceat Specialty Tyres was incorporated on 09 October 2012. It is registered with the Registrar of Companies, Mumbai.
Ceat Specialty Tyres had 6 directors:
- Vijaysinh Shrimantrao Gambhire - Managing Director
- Anant Vardhan Goenka - Director
- Arnab Banerjee Mrinal - Director
- Paras Kumar Chowdhary - Director
- Vallari Kedar Gupte - Additional Director
- Kishore Chandrakant Shete - Director
The CIN (Corporate Identification Number) of Ceat Specialty Tyres is U25199MH2012PLC236623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ceat Specialty Tyres is at Rpg House 463 Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400030.
Ceat Specialty Tyres can be reached through the website ceat.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Ceat Specialty Tyres on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 24 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Ceat Specialty Tyres is 37AABCU5142M1Z2, registered in Andhra Pradesh. The company has 30 GST registrations in all, of which 1 is active and 29 are cancelled or inactive.
Ceat Specialty Tyres operated in the automotive industry, in the auto parts and components segment.