About Ultra Tile Private Limited
Data last updated:
Ultra Tile Private Limited is a private limited company based in Chennai, Tamil Nadu, 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 ceramics, sanitaryware and tile segment of the manufacturing sector. It was incorporated on 25 August 1993.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U26960TN1993PTC025667. Its GSTIN is 36AAACU0850B1ZV (Telangana). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80 Lakh. It is led by directors including Krishnamurthy Dhanalakshmi and Krishnamurthy Swaminathan.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Kpm’S Sapphire No: 26 11th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
As per the financials filed for FY 2018, the company reported a revenue of ₹16.79 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹14.19 Cr (net margin -84.5%) and EBITDA of -₹11.1 Cr (EBITDA margin -66.1%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ultra Tile. As per MCA filings, the company has open charges of ₹11.2 Cr and satisfied charges of ₹54.02 Cr on record. Court records list 63 cases involving the company, including 42 filed by the company and 21 filed against it; 6 cases are pending.
The last known website on record is ultratile.com.
Company details
Contact details
Ultra Tile Private Limited's registered office is in Chennai, Tamil Nadu. Its website is ultratile.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressKpm’S Sapphire No: 26 11th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Ultra Tile Private 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
Ultra Tile operates one associated brand: Ultra Tile. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies diverse tiles for floors, walls, roofs, and exteriors in India. | ultratile.in |
Business activity
The main business activity of Ultra Tile is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Ultra Tile Private Limited, buy the company report.
Financials of Ultra Tile Private Limited
FY 2018 filings availableUltra Tile Private Limited reported revenue of ₹16.79 Cr (down 42% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over three years, including a 42% fall in the latest year. EBITDA fell 485% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹16.79 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹11.1 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹14.19 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -66.1% | |||
| Net Profit Margin | -84.5% | |||
| 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 | ||||
To see the full financial statements and ratios of Ultra Tile Private Limited, buy the company report.
Board of directors of Ultra Tile Private Limited
Ultra Tile has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnamurthy Swaminathan Also directs: Chathura Chemicals Private Limited, A.K. Safetech Private Limited | Additional Director | 01 Feb 2017 | 9 Years 9 Months | As last reported |
| Krishnamurthy Dhanalakshmi Also directs: Eden Packaging Private Limited, Chathura Chemicals Private Limited | Director | 25 Aug 1993 | 33 Years 2 Months | As last reported |
| Venkataraman Krishnamurthy Also directs: Eden Packaging Private Limited, Chathura Chemicals Private Limited | Additional Director | 02 Dec 2020 | 5 Years 11 Months | As last reported |
Auditor
Ultra Tile Private Limited is audited by SUNDARARAJAN ASSOCIATES LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNDARARAJAN ASSOCIATES LLP | FY 2018 | 004997S |
Shareholding
The shareholding of Ultra Tile Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ultra Tile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Feb 2018 | 100173161 | Others | ₹11.1 Cr | Open | |
| 10 Mar 2004 | 90295062 | Centurion Bank Ltd. | ₹6.85 Lakh | Open | |
| 12 May 1995 | 90291400 | The Tamil Nadu Industrial Investment Corporation Limited | ₹2.75 Lakh | Open | |
| 12 Oct 2017 | 100138881 | Hdfc Bank Limited | ₹11.1 Cr | Satisfied | |
| 24 Aug 2017 | 100137022 | Hdfc Bank Limited | ₹11.1 Cr | Satisfied |
To see the full charge records of Ultra Tile Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Ultra Tile Private Limited has 63 court cases on record: 42 filed by Ultra Tile, 21 filed against it. 6 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 35 | 3 | 3 |
| District courts | 28 | 18 | 3 |
Cases on record (5 of 63)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Total Logistics India Pvt. Ltd. | Pending |
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by Religare Finvest Ltd | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Religare Finvest Ltd | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by M/S New Era Trading Company | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Pending |
To see the full case history of Ultra Tile Private 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 Ultra Tile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ultra Tile Private Limited has a workforce of 5 employees on its EPFO records as of Apr 06, 2024, across 5 active EPFO establishments.
GST
Ultra Tile has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACU0850B1ZV | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ultra Tile Private Limited, buy the company report.
Recent activity
Ultra Tile Private Limited has 7 board changes on record since 1993: 3 appointments and 4 cessations. The latest: Venkataraman Krishnamurthy was appointed as Additional Director on 02 Dec 2020.
39 earlier events are in the company report.
Frequently asked questions
Ultra Tile 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.
Ultra Tile is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in ceramics, sanitaryware and tile, within the manufacturing industry. It was incorporated on 25 August 1993 and is registered under CIN U26960TN1993PTC025667. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ultra Tile has 3 current directors:
- Krishnamurthy Swaminathan - Additional Director
- Krishnamurthy Dhanalakshmi - Director
- Venkataraman Krishnamurthy - Additional Director
The latest financial statements of Ultra Tile on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ultra Tile is U26960TN1993PTC025667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultra Tile has open charges of ₹11.2 Cr and satisfied charges of ₹54.02 Cr as per latest MCA filings.
Ultra Tile has 63 court cases on record: 42 filed by the company and 21 filed against it. 6 are pending. Most are in the high courts.
Ultra Tile was incorporated on 25 August 1993. It is registered with the Registrar of Companies, Chennai.
Venkataraman Krishnamurthy was appointed as Additional Director on 02 Dec 2020. Visalakshi Swaminathan ceased to be Additional Director on 24 May 2019. Venkataraman Krishnamurthy ceased to be Director on 19 Apr 2019. Ultra Tile has 7 board changes on record in total.
Ultra Tile can be reached through the website ultratile.com. Its registered office is in Chennai, Tamil Nadu, India.
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