About Ardent Maschinfabrik Private Limited
Data last updated:
Ardent Maschinfabrik Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Stg Infrastructure Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 20 August 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2007PTC173245. Its GSTIN is 27AABCL3512G2ZU (Maharashtra). The company holds 7 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹31 Cr and a paid-up capital of ₹20.8 Cr. It was formerly known as Ardent Machinfabrik Private Limited and Ardent Technik Private Limited. It is led by directors including Ashok Narottam Tanna (Managing Director) and Chintan Nitin Engineer.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at T.J.Road Hirji Baug Opp.Sunder Tower Sewri – West, Mumbai, Maharashtra, India – 400015.
As per the financials filed for FY 2020, the company reported a revenue of ₹110.44 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹4.09 Cr (net margin 3.7%) and EBITDA of ₹26.45 Cr (EBITDA margin 24%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹85.36 Cr and satisfied charges of ₹68.04 Cr on record. Court records list 31 cases involving the company, including 3 filed by the company and 28 filed against it; 13 cases are pending. The company has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹30.6 Cr; the latest was in August 2019. The company has 11 MSME Form 1 returns on record between 2019 and 2021, listing 5,456 overdue payments to 86 micro and small suppliers.
The last known website on record is linnhoff.co.in.
Company details
Name history
Ardent Maschinfabrik has undergone 5 name changes throughout its history. The current legal name is Ardent Maschinfabrik Private Limited.
| Company Name | Status |
|---|---|
| Ardent Maschinfabrik Private Limited | Current |
| Ardent Machinfabrik Private Limited | Previous |
| Ardent Technik Private Limited | Previous |
| Linnhoff India Private Limited | Previous |
| Linnhoff Technologies India Private Limited | Previous |
| Ardent Wibau India Private Limited | Previous |
Contact details
Ardent Maschinfabrik Private Limited's registered office is in Mumbai, Maharashtra. Its website is linnhoff.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressT.J.Road Hirji Baug Opp.Sunder Tower Sewri – West, Mumbai, Maharashtra, India – 400015
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Ardent Maschinfabrik 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
Business activity
The main business activities of Ardent Maschinfabrik are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and wholesale trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ardent Maschinfabrik Private Limited, buy the company report.
Financials of Ardent Maschinfabrik Private Limited
FY 2020 filings availableArdent Maschinfabrik Private Limited reported revenue of ₹110.44 Cr (down 6% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 60% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹110.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹26.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.09 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24% | ||||
| Net Profit Margin | 3.7% | ||||
| 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 Ardent Maschinfabrik Private Limited, buy the company report.
Board of directors of Ardent Maschinfabrik Private Limited
Ardent Maschinfabrik has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chintan Nitin Engineer Also directs: STG Infrastructure Private Limited, Ardent Infra Equipments Private Limited, Ardent Mining Private Limited and 5 more | Director | 30 Sep 2019 | 7 Years 1 Months | As last reported |
| Ashok Narottam Tanna Also directs: STG Infrastructure Private Limited, Ardent Infra Equipments Private Limited, Ardent Mining Private Limited and 1 more | Managing Director | 20 Aug 2007 | 19 Years 2 Months | As last reported |
| Shreyansh Jain | Irp/Rp/Liquidator | 24 Jul 2023 | 3 Years 3 Months | As last reported |
Auditor
Ardent Maschinfabrik Private Limited is audited by H A Y AND ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H A Y AND ASSOCIATES | FY 2020 | 104106W |
Shareholding
The shareholding of Ardent Maschinfabrik Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ardent Maschinfabrik Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2020 | 100407038 | Hdfc Bank Limited | ₹9.12 Cr | Open | |
| 08 Sep 2020 | 100371196 | Hdfc Bank Limited | ₹9.12 Cr | Open | |
| 02 Feb 2019 | 100244263 | Hdfc Bank Limited | ₹51.5 Cr | Open | |
| 31 Jan 2019 | 100244258 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 12 Oct 2018 | 100213619 | Others | ₹61.97 Lakh | Open |
To see the full charge records of Ardent Maschinfabrik Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Ardent Maschinfabrik Private Limited has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹30.6 Cr; the latest was in August 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Secondary share transfer | Undisclosed | Seller: IPS-Lintech Asia Pacific Private Limited |
| Jun 2012 | Funding round | ₹19.6 Cr | Investors: IPS-Lintech Asia Pacific Private Limited, STG Infrastructure Private Limited |
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: STG Infrastructure Private Limited Seller: STG Heating Private Limited , 2 individuals |
| Feb 2012 | Acquisition | ₹9 Lakh | Buyer: STG Infrastructure Private Limited |
| Jun 2009 | Secondary share transfer | Undisclosed | Buyer: STG Heating Private Limited Seller: 3 individuals |
To see the full deal history of Ardent Maschinfabrik Private 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
Ardent Maschinfabrik Private Limited has 31 court cases on record: 3 filed by Ardent Maschinfabrik, 28 filed against it. 13 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 22 | 13 |
| High courts | 9 | 6 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Siemens Financial Services Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SW) | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by HDFC Bank Ltd Through Poa Poonam Biramane | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Icici Bank Ltd. | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Gainwell Commosales Pvt Ltd | Disposed |
To see the full case history of Ardent Maschinfabrik 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.
Credit ratings & regulatory alerts
Ardent Maschinfabrik Private Limited was last rated by Crisil on 25 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Sep 2020 |
To see the full credit ratings and regulatory alerts of Ardent Maschinfabrik Private Limited, buy the company report.
MSME payment delays
Ardent Maschinfabrik Private Limited has 11 MSME Form 1 returns on record between 2019 and 2021, listing 5,456 overdue payments to 86 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 86)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Bright Systems | |||
| an individual supplier | |||
| an individual supplier | |||
| Murzello Metal Finish Systems Private Limited |
To see the full MSME payment records of Ardent Maschinfabrik Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ardent Maschinfabrik has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ardent Infra Equipments Private Limited | U29300MH2017PTC301963 |
To see the full group structure of Ardent Maschinfabrik Private Limited, buy the company report.
GST
Ardent Maschinfabrik has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL3512G2ZU | Maharashtra | Active | 12 Sep 2023 |
To see the full GST registrations and return filing status of Ardent Maschinfabrik Private Limited, buy the company report.
Recent activity
Ardent Maschinfabrik Private Limited has 13 board changes on record since 2007: 3 appointments and 10 cessations. The latest: Shreyansh Jain was appointed as Irp/Rp/Liquidator on 24 Jul 2023.
29 earlier events are in the company report.
Frequently asked questions
Ardent Maschinfabrik is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Ardent Maschinfabrik is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 20 August 2007 and is registered under CIN U74900MH2007PTC173245. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ardent Maschinfabrik has 3 current directors:
- Ashok Narottam Tanna - Managing Director
- Chintan Nitin Engineer - Director
- Shreyansh Jain - Irp/Rp/Liquidator
The latest financial statements of Ardent Maschinfabrik on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ardent Maschinfabrik is U74900MH2007PTC173245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ardent Maschinfabrik has open charges of ₹85.36 Cr and satisfied charges of ₹68.04 Cr as per latest MCA filings.
Ardent Maschinfabrik has 31 court cases on record: 3 filed by the company and 28 filed against it. 13 are pending. Most are in the district courts.
Ardent Maschinfabrik was incorporated on 20 August 2007. It is registered with the Registrar of Companies, Mumbai.
Ardent Maschinfabrik has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹30.6 Cr; the latest was in August 2019.
Shreyansh Jain was appointed as Irp/Rp/Liquidator on 24 Jul 2023. Ajay Narottam Tanna ceased to be Director on 01 Oct 2019. Rohan Mahasukh Shah ceased to be Director on 01 Oct 2019. Ardent Maschinfabrik has 13 board changes on record in total.
Ardent Maschinfabrik has 11 MSME Form 1 returns on record between 2019 and 2021, listing 5,456 overdue payments to 86 micro and small suppliers. The latest return was filed on 12 Nov 2021.
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