About Monotona Tyres Limited
Data last updated:
Monotona Tyres Limited is a public limited company based in Wada, Maharashtra, India, a subsidiary of Sukaram Marketing Ltd. 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 25 January 1995.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U92199MH1995PLC084948. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7.2 Cr and a paid-up capital of ₹7.2 Cr. It was formerly known as Swastik Cassettes Limited. It is led by directors including Sanjay Mehra (Irp/Rp/Liquidator) and Sitaram Srinivasan.
Its last annual general meeting (AGM) was held on 23 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at N0. 279 286 287(P) Dakivali Bhiwandi Wada Road Near Tansa River Tal, Uka Wada, Maharashtra, India – 421312.
As per the financials filed for FY 2019, the company reported a revenue of ₹62.81 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹109.87 Cr and EBITDA of -₹27.38 Cr. Revenue has declined at a compounded annual rate (CAGR) of 81% over three years and 56% over five years.
The company has about 677 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Monotona Tyres and Ruia Group. As per MCA filings, the company has open charges of ₹25.5 Cr and satisfied charges of ₹80.57 Cr on record. Court records list 151 cases involving the company, including 31 filed by the company and 120 filed against it; 29 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in December 2006.
The last known website on record is ruiagroup.co.in.
Company details
Contact details
Monotona Tyres Limited's registered office is in Wada, Maharashtra. Its website is ruiagroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressN0. 279 286 287(P) Dakivali Bhiwandi Wada Road Near Tansa River Tal, Uka Wada, Maharashtra, India – 421312
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Monotona 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
Monotona Tyres operates two associated brands: Monotona Tyres and Ruia Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures tyres & rubbers, sealants and fasteners for automotive industry | ruiagroup.co.in | |
| Tyres and tubes for mopeds, motorbikes, and three-wheelers are manufactured. | monotona.com |
Business activity
The main business activity of Monotona Tyres is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Monotona Tyres Limited, buy the company report.
Financials of Monotona Tyres Limited
FY 2019 filings availableMonotona Tyres Limited reported revenue of ₹62.81 Lakh (up 4622% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 56% over five years. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
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| Revenue from Operations | ₹62.81 Lakh | ||||
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| EBITDA | -₹27.38 Cr | ||||
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| Net Profit (PAT) | -₹109.87 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Monotona Tyres Limited, buy the company report.
Board of directors and KMP of Monotona Tyres Limited
Monotona Tyres Limited currently reports 4 directors and 1 key managerial person. 28 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Mehra | Irp/Rp/Liquidator | 25 Jul 2023 | 3 Years 3 Months | As last reported |
| Sitaram Srinivasan Also directs: Dunlop Automotive Private Limited, Dunlop Tyres Limited, Ruia Electronics Private Limited and 5 more | Director | 30 Mar 2019 | 7 Years 6 Months | As last reported |
| Shyam Sundar Dhand Also directs: Dunlop Industrial Products Private Limited, India Tyre & Rubber Company (India) Limited, Dunlop South Limited and 5 more | Director | 30 Mar 2019 | 7 Years 6 Months | As last reported |
| Soumitra Ghose | Company Secretary | 17 Dec 2007 | 18 Years 10 Months | As last reported |
| Satyadeo Mishra Also directs: Dunlop Industrial Products Private Limited, India Tyre & Rubber Company (India) Limited, Dunlop South Limited and 5 more | Director | 31 Oct 2015 | 10 Years 11 Months | As last reported |
Auditor
Monotona Tyres Limited is audited by A K RAY & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K RAY & CO | FY 2019 | 303003E |
Shareholding
The shareholding of Monotona Tyres Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Monotona Tyres Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2016 | 100066655 | Others | ₹25.5 Cr | Open | |
| 23 Dec 2009 | 10201073 | Global Trade Finance Limited | ₹28 Cr | Satisfied | |
| 30 Mar 2009 | 10157609 | State Bank of India | ₹23.75 Cr | Satisfied | |
| 27 Oct 1998 | 90157001 | State Bank of India | ₹4.47 Cr | Satisfied | |
| 27 Oct 1998 | 90159750 | State Bank of India | ₹23.75 Cr | Satisfied |
To see the full charge records of Monotona Tyres Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Monotona Tyres Limited has 1 deal on record (1 acquisition); the latest was in December 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2006 | Acquisition | Undisclosed | Buyer: Falcon Tyres Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Monotona Tyres Limited has 151 court cases on record: 31 filed by Monotona Tyres, 120 filed against it. 29 cases are pending and 122 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 75 | 60 | 17 |
| High courts | 68 | 54 | 9 |
| NCLAT | 6 | 6 | 3 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 151)
| 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 City Civil Court, Maharashtra | Commercial matter | Filed against the company by Gayatri Elastomers Pvt. Ltd. | Pending |
| NCLAT, Court III | Tribunal matter | Filed against the company by Devamata Commercials Private Limited | Pending |
| NCLAT, Court III | Tribunal matter | Filed against the company by Subhlaxmi Compusis Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Idfc First Bank Limited Through Amey Govind Raut | Pending |
To see the full case history of Monotona 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 Monotona Tyres Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Monotona Tyres Limited has a workforce of 677 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Monotona Tyres has 5 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 Monotona Tyres Limited, buy the company report.
Recent activity
Monotona Tyres Limited has 33 board changes on record since 2007: 5 appointments and 28 cessations. The latest: Sanjay Mehra was appointed as Irp/Rp/Liquidator on 25 Jul 2023.
38 earlier events are in the company report.
News
Frequently asked questions
Monotona 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.
Monotona Tyres is a company under liquidation, formerly operating as a public limited company based in Wada, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 25 January 1995 and is registered under CIN U92199MH1995PLC084948. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Monotona Tyres has 5 current directors and KMP:
- Sitaram Srinivasan - Director
- Shyam Sundar Dhand - Director
- Satyadeo Mishra - Director
- Sanjay Mehra - Irp/Rp/Liquidator
- Soumitra Ghose - Company Secretary
The latest financial statements of Monotona Tyres on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 23 August 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Monotona Tyres is U92199MH1995PLC084948. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Monotona Tyres has open charges of ₹25.5 Cr and satisfied charges of ₹80.57 Cr as per latest MCA filings.
Monotona Tyres has 151 court cases on record: 31 filed by the company and 120 filed against it. 29 are pending. Most are in the district courts.
Monotona Tyres was incorporated on 25 January 1995. It is registered with the Registrar of Companies, Mumbai.
Monotona Tyres has 1 deal on record (1 acquisition); the latest was in December 2006.
Sanjay Mehra was appointed as Irp/Rp/Liquidator on 25 Jul 2023. Darshana Khare ceased to be Director on 31 Mar 2019. Georgina Desai ceased to be Director on 31 Mar 2019. Monotona Tyres has 33 board changes on record in total.