About Michigan Rubber (India) Limited
Data last updated:
Michigan Rubber (India) Limited is a public limited company based in Indore, Madhya Pradesh, 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 03 February 1987.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U00251MP1987PLC003793. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.84 Cr. It is led by directors including Mahesh Kumar Verma (Managing Director) and Malot Singh.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 11 Nehru Market In Front Ofnehru Stadium Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2017, the company reported a revenue of ₹37.59 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.51 Cr (net margin -401%) and EBITDA of -₹1.51 Cr (EBITDA margin -401%).
As per MCA filings, the company has open charges of ₹34.2 Cr on record. Court records list 43 cases involving the company, including 22 filed by the company and 21 filed against it; 6 cases are pending.
The last known website on record is michigantyre.co.in.
Company details
Contact details
Michigan Rubber (India) Limited's registered office is in Indore, Madhya Pradesh. Its website is michigantyre.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address11 Nehru Market In Front Ofnehru Stadium Indore, Madhya Pradesh, India – 452001
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Michigan Rubber (India) 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 Michigan Rubber (India) 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 Michigan Rubber (India) Limited, buy the company report.
Financials of Michigan Rubber (India) Limited
FY 2017 filings availableMichigan Rubber (India) Limited reported revenue of ₹37.59 Lakh (up 257% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 257% in the latest year. EBITDA fell 168% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹1.51 Cr | ||
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| Net Profit (PAT) | -₹1.51 Cr | ||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||
| EBITDA Margin | -401% | ||
| Net Profit Margin | -401% | ||
| Return on Equity (ROE) | |||
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To see the full financial statements and ratios of Michigan Rubber (India) Limited, buy the company report.
Board of directors of Michigan Rubber (India) Limited
Michigan Rubber (India) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malot Singh | Director | 21 Feb 2000 | 26 Years 8 Months | As last reported |
| Ashish Verma | Additional Director | 15 Mar 2010 | 16 Years 7 Months | As last reported |
| Mahesh Kumar Verma | Managing Director | 26 Aug 2002 | 24 Years 2 Months | As last reported |
Auditor
Michigan Rubber (India) Limited is audited by SANGHVI MALVIYA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANGHVI MALVIYA & CO | FY 2016 | 001884C |
Shareholding
The shareholding of Michigan Rubber (India) Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Michigan Rubber (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2005 | 90206331 | State Bank of Mysore | ₹8.1 Cr | Open | |
| 22 Feb 2003 | 90210605 | Madhya Pradesh Financial Corporation Finance House | ₹90 Lakh | Open | |
| 09 Dec 2002 | 90203985 | Madhya Pradesh Financial Corporation Finance House | ₹75 Lakh | Open | |
| 02 Nov 2001 | 90203863 | Industrial Development Bank of India | ₹2.5 Cr | Open | |
| 21 May 2001 | 90205697 | State Bank of Mysore | ₹3.8 Cr | Open |
To see the full charge records of Michigan Rubber (India) Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Michigan Rubber (India) Limited has 43 court cases on record: 22 filed by Michigan Rubber (India), 21 filed against it. 6 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 2 | 0 |
| District courts | 20 | 19 | 6 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Spl .Dkst) | Filed against the company by Anshul Impex Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Hazel Mercantile Ltd. Th. Mr. Hanoz Chinoy | Pending |
| High Court, MAHARASHTRA | Court case (ALP) | Filed against the company by Hazel Mercantile Limited | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Anshul Impex Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Sundaram Industries Ltd | Disposed |
To see the full case history of Michigan Rubber (India) 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 Michigan Rubber (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Michigan Rubber (India) Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Michigan Rubber (India) has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Michigan Rubber (India) Limited, buy the company report.
Recent activity
Michigan Rubber (India) Limited has 5 board changes on record since 2000: 3 appointments and 2 cessations. The latest: Shailendra Singh Kushwaha ceased to be Director on 25 Mar 2010.
17 earlier events are in the company report.
Frequently asked questions
Michigan Rubber (India) 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.
Michigan Rubber (India) is a company under liquidation, formerly operating as a public limited company based in Indore, Madhya Pradesh, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 03 February 1987 and is registered under CIN U00251MP1987PLC003793. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Michigan Rubber (India) has 3 current directors:
- Mahesh Kumar Verma - Managing Director
- Malot Singh - Director
- Ashish Verma - Additional Director
The latest financial statements of Michigan Rubber (India) on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Michigan Rubber (India) is U00251MP1987PLC003793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Michigan Rubber (India) has open charges of ₹34.2 Cr and no satisfied charges on record as per latest MCA filings.
Michigan Rubber (India) has 43 court cases on record: 22 filed by the company and 21 filed against it. 6 are pending. Most are in the high courts.
Michigan Rubber (India) was incorporated on 03 February 1987. It is registered with the Registrar of Companies, Gwalior.
Shailendra Singh Kushwaha ceased to be Director on 25 Mar 2010. Ashish Verma was appointed as Additional Director on 15 Mar 2010. Chandelkar Vithal Rao ceased to be Director on 10 Oct 2009. Michigan Rubber (India) has 5 board changes on record in total.
Michigan Rubber (India) can be reached through the website michigantyre.co.in. Its registered office is in Indore, Madhya Pradesh, India.