About Freedom Rubber Limited
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Freedom Rubber Limited is a public limited company based in Punjab, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 29 January 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U99999PB1986PLC006660. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹1.16 Cr. It was formerly known as Parvati Tyres & Tubes Private Limited. It is led by directors including Barinder Singh (Whole-Time Director) and Gurpartap Singh.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 167 Focal Pointmehta Road Amritsar, Punjab, India.
As per the financials filed for FY 2015, the company reported a revenue of ₹31.56 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹29.11 Lakh (net margin -0.9%) and EBITDA of ₹1.07 Cr (EBITDA margin 3.4%).
As per MCA filings, the company has open charges of ₹11.49 Cr and satisfied charges of ₹9.39 Cr on record. Court records list 18 cases involving the company, including 8 filed by the company and 10 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website freedomtyres.com.
Company details
CIN history
Freedom Rubber has one previous CIN (Corporate Identification Number): L99999PB1986PLC006660. The current CIN is U99999PB1986PLC006660, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999PB1986PLC006660 | Current |
| L99999PB1986PLC006660 | Previous |
Contact details
Freedom Rubber Limited's registered office is in Punjab. Its website is freedomtyres.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address167 Focal Pointmehta Road Amritsar, Punjab, India
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Freedom Rubber 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
Business activity
The main business activity of Freedom Rubber is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Freedom Rubber Limited, buy the company report.
Financials of Freedom Rubber Limited
FY 2015 filings availableFreedom Rubber Limited reported revenue of ₹31.56 Cr (down 10% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year. EBITDA fell 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹31.56 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹1.07 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹29.11 Lakh |
| 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 | 3.4% |
| Net Profit Margin | -0.9% |
| 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 Freedom Rubber Limited, buy the company report.
Board of directors of Freedom Rubber Limited
Freedom Rubber has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurpartap Singh | Director | 01 Apr 1996 | 30 Years 7 Months | Current |
| Rajbir Singh Also directs: Sij Chains Limited | Director | 01 Apr 1996 | 30 Years 7 Months | Current |
| Barinder Singh | Whole-Time Director | 28 Aug 1995 | 31 Years 2 Months | Current |
Auditor
Freedom Rubber Limited is audited by V WADHWA & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V WADHWA & CO | FY 2015 | 003300N |
Shareholding
The shareholding of Freedom Rubber 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 Freedom Rubber Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2010 | 10237828 | Canara Bank | ₹15 Lakh | Open | |
| 18 Dec 2009 | 10193689 | Canara Bank | ₹11.25 Cr | Open | |
| 31 Dec 2003 | 90183175 | The Karnataka Bank Ltd. | ₹5.9 Lakh | Open | |
| 17 Sep 1998 | 90177930 | Bank of Punjab Ltd. | ₹3.43 Lakh | Open | |
| 14 Nov 2007 | 10078891 | Union Bank of India | ₹5.5 Cr | Satisfied |
To see the full charge records of Freedom Rubber Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Freedom Rubber Limited has 18 court cases on record: 8 filed by Freedom Rubber, 10 filed against it. 1 case is pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 5 | 1 |
| District courts | 7 | 4 | 0 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed by the company against an individual | Pending |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed against the company by A.V. Trading Co. | Disposed |
| High Court | Court case (INCOMP) | Filed by the company against Canara Bank, Amritsar | Disposed |
| High Court, PUNJAB | Revision petition | Filed against the company by an individual | Disposed |
| District court, Amritsar, Punjab | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Freedom Rubber 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 Freedom Rubber Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Freedom Rubber Limited has 1 active EPFO establishment as of Mar 31, 2024.
GST
Freedom Rubber has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Freedom Rubber Limited, buy the company report.
Recent activity
Freedom Rubber Limited has 6 board changes on record since 1995: 3 appointments and 3 cessations. The latest: Rajinder Singh Arora ceased to be Director on 20 Sep 2010.
25 earlier events are in the company report.
Frequently asked questions
Freedom Rubber is an active public limited company based in Punjab, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 29 January 1986 (40+ years old) and is registered under CIN U99999PB1986PLC006660.
Freedom Rubber has 3 current directors:
- Barinder Singh - Whole-Time Director
- Gurpartap Singh - Director
- Rajbir Singh - Director
The latest financial statements of Freedom Rubber on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Freedom Rubber has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Freedom Rubber is U99999PB1986PLC006660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Freedom Rubber has 18 court cases on record: 8 filed by the company and 10 filed against it. 1 is pending. Most are in the high courts.
Freedom Rubber was incorporated on 29 January 1986, making it 40+ years old. It is registered with the Registrar of Companies, Chandigarh.
Rajinder Singh Arora ceased to be Director on 20 Sep 2010. Kanwaljit Singh ceased to be Additional Director on 20 Mar 2009. Parteek Singh Arora ceased to be Additional Director on 20 Mar 2009. Freedom Rubber has 6 board changes on record in total.
Freedom Rubber can be reached through the website freedomtyres.com. Its registered office is in Punjab, India.
The registered office of Freedom Rubber is at 167 Focal Pointmehta Road Amritsar, Punjab, India.
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