About Falcon Tyres Limited
Data last updated:
Falcon Tyres Limited is a public limited company based in Mysore, Karnataka, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 29 November 1973.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L25114KA1973PLC002455. Its GSTIN is 29AAACF7258E3ZH (Karnataka). The company holds 12 GST registrations, of which 1 is active. It is a listed company.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹38.74 Cr. It is led by director Baisali Ghoshal.
Its last annual general meeting (AGM) was held on 31 December 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at K R S Road Metagalli, Mysore, Karnataka, India – 570016.
As per the financials filed for FY 2015, the company reported a revenue of ₹75.36 Cr. For the same year it recorded a net loss of ₹7.51 Cr (net margin -10%) and EBITDA of -₹76.71 Cr (EBITDA margin -101.8%).
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Falcon Tyres. As per MCA filings, the company has open charges of ₹772.45 Cr and satisfied charges of ₹132.69 Cr on record. Court records list 332 cases involving the company, including 101 filed by the company and 233 filed against it; 18 cases are pending. The company has 9 deals on record (8 market trades, 1 acquisition); the latest was in March 2012.
The last known website on record is falcontyres.com.
Company details
CIN history
Falcon Tyres has one previous CIN (Corporate Identification Number): L85110KA1973PLC002455. The current CIN is L25114KA1973PLC002455, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25114KA1973PLC002455 | Current |
| L85110KA1973PLC002455 | Previous |
Contact details
Falcon Tyres Limited's registered office is in Mysore, Karnataka. Its website is falcontyres.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressK R S Road Metagalli, Mysore, Karnataka, India – 570016
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Falcon Tyres 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
Brands
Falcon Tyres operates one associated brand: Falcon Tyres. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tyres and tubes for automobiles are manufactured and sold. | falcontyres.com |
Financials of Falcon Tyres Limited
FY 2015 filings availableFalcon Tyres Limited reported revenue of ₹75.36 Cr for FY 2015.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹75.36 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹76.71 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹7.51 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -101.8% |
| Net Profit Margin | -10% |
| 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 Falcon Tyres Limited, buy the company report.
Board of directors of Falcon Tyres Limited
Falcon Tyres has 1 current director and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baisali Ghoshal | Director | 19 Nov 2015 | 10 Years 11 Months | As last reported |
Auditor
Falcon Tyres Limited is audited by M/S.GORA & COMPANY for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S.GORA & COMPANY | FY 2015 | 327183E |
Shareholding
The shareholding of Falcon Tyres Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Falcon Tyres Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 2014 | 10507907 | Monotona Tyres Limited | ₹27 Cr | Open | |
| 30 Mar 2012 | 10344677 | Others | ₹280 Cr | Open | |
| 24 Sep 2011 | 10315874 | Others | ₹10 Cr | Open | |
| 31 Aug 2010 | 10240479 | Edelweiss Asset Reconstruction Company Limited | ₹50 Cr | Open | |
| 05 Aug 2010 | 10238200 | Edelweiss Asset Reconstruction Company Limited | ₹50 Cr | Open |
To see the full charge records of Falcon Tyres Limited, buy the company report.
Total charge records: 49 View all charges
Deals & funding
Falcon Tyres Limited has 9 deals on record (8 market trades, 1 acquisition); the latest was in March 2012.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Market trade | ₹65.3 Lakh | Buyer: an individual Seller: Western India Garments Private Limited |
| Jan 2012 | Market trade | ₹1.14 Cr | Buyer: Pat Financial Consultant Pvt Ltd Seller: Western India Garments Private Limited |
| Nov 2011 | Market trade | ₹68.1 Lakh | Seller: Acg Pampac Machines Private Limited |
| Sep 2011 | Market trade | ₹81.1 Lakh | Buyer: Globalworth Securities Limited Seller: Globalworth Securities Limited |
| Sep 2011 | Market trade | ₹93.1 Lakh | Seller: Western India Garments Private Limited |
To see the full deal history of Falcon Tyres Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Falcon Tyres Limited has 332 court cases on record: 101 filed by Falcon Tyres, 233 filed against it. 18 cases are pending and 314 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 169 | 106 | 9 |
| District courts | 139 | 106 | 8 |
| Supreme Court | 18 | 15 | 0 |
| NCLT | 4 | 4 | 0 |
| NCLAT | 2 | 2 | 1 |
Cases on record (5 of 332)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Criminal case | Filed against the company by Almondz Finanz Ltd | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by Geodis Overseas Private Ltd., | Pending |
| High Court, TAMIL NADU | Original application | Filed by the company against Geodis Overseas Private Ltd., and 1 other | Pending |
| High Court, TAMIL NADU | Appeal | Filed by the company against Geodis Overseas Private Ltd., and 1 other | Pending |
| High Court, TAMIL NADU | Civil suit | Filed by the company against Geodis Overseas Private Ltd., and 1 other | Pending |
To see the full case history of Falcon Tyres 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Falcon Tyres Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Falcon Tyres has 1 subsidiary company. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Falcon Tyres Rubber Private Limited | U25113KA2009PTC049149 |
To see the full group structure of Falcon Tyres Limited, buy the company report.
Employees & EPFO
Falcon Tyres Limited has 2 active EPFO establishments as of Apr 03, 2024.
GST
Falcon Tyres has 12 GST registrations: 1 active and 11 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACF7258E3ZH | Karnataka | Active | 01 Jun 2022 |
To see the full GST registrations and return filing status of Falcon Tyres Limited, buy the company report.
Recent activity
Falcon Tyres Limited has 47 board changes on record since 1994: 24 appointments and 23 cessations. The latest: Soumitra Ghose ceased to be Director on 15 Dec 2017.
133 earlier events are in the company report.
Frequently asked questions
Falcon Tyres is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Falcon Tyres is a company under liquidation, formerly operating as a public limited company based in Mysore, Karnataka, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 29 November 1973 and is registered under CIN L25114KA1973PLC002455. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Falcon Tyres has 1 current director:
- Baisali Ghoshal - Director
The latest financial statements of Falcon Tyres on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 31 December 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Falcon Tyres is L25114KA1973PLC002455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Falcon Tyres is a listed company.
Falcon Tyres has open charges of ₹772.45 Cr and satisfied charges of ₹132.69 Cr as per latest MCA filings.
Falcon Tyres has 332 court cases on record: 101 filed by the company and 233 filed against it. 18 are pending. Most are in the high courts.
Falcon Tyres was incorporated on 29 November 1973. It is registered with the Registrar of Companies, Bangalore.
Falcon Tyres has 9 deals on record (8 market trades, 1 acquisition); the latest was in March 2012.