About Ardor Global Private Limited
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Ardor Global Private Limited is a private limited company based in Ahmedabad, Gujarat, 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 chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 01 March 2011.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2011PTC064235. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹140 Cr and a paid-up capital of ₹140 Cr. It was formerly known as Chem-Edge Global Private Limited. It is led by directors Fenil Bharatbhai Shah (Managing Director) and Bharatbhai Ratanshi Shah.
Its last annual general meeting (AGM) was held on 29 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 'Ardor House' Mondeal Business Park Beside Gurudwara S.G. Road Thaltej, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2015, the company reported a revenue of ₹2,420.38 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹5.7 Cr (net margin 0.2%) and EBITDA of ₹48.78 Cr (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 88% over three years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹776.75 Cr and satisfied charges of ₹133.5 Cr on record. Court records list 60 cases involving the company, including 38 filed by the company and 22 filed against it; 9 cases are pending.
The last known website on record is ardor-group.com.
Company details
Contact details
Ardor Global Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ardor-group.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address'Ardor House' Mondeal Business Park Beside Gurudwara S.G. Road Thaltej, Ahmedabad, Gujarat, India – 380059
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Ardor Global 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
Financials of Ardor Global Private Limited
FY 2015 filings availableArdor Global Private Limited reported revenue of ₹2,420.38 Cr (up 26% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 88% over three years, including 26% growth in the latest year. EBITDA fell 17% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹2,420.38 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹48.78 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹5.7 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 2% |
| Net Profit Margin | 0.2% |
| 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 Ardor Global Private Limited, buy the company report.
Board of directors of Ardor Global Private Limited
Ardor Global has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Fenil Bharatbhai Shah | Managing Director | 01 Mar 2011 | 15 Years 7 Months | As last reported |
| Bharatbhai Ratanshi Shah | Director | 01 Mar 2011 | 15 Years 7 Months | As last reported |
Auditor
Ardor Global Private Limited is audited by VIPUL & MANISH ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIPUL & MANISH ASSOCIATES | FY 2015 | 118244W |
Shareholding
The shareholding of Ardor Global Private 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 Ardor Global Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2014 | 10518747 | Bank of Baroda | ₹14 Cr | Open | |
| 25 Jun 2013 | 10435729 | Pnb Investment Service Ltd - Sec Trustee of Boi Consortium Boi - Sbi - Bob - Ubi - Cbi - Rnsb - Obc | ₹387.75 Cr | Open | |
| 25 Jun 2013 | 10435730 | Pnb Investment Service Ltd - Sec Trustee of Boi Consortium Boi - Sbi - Bob - Ubi - Cbi - Rnsb - Obc | ₹375 Cr | Open | |
| 08 Apr 2013 | 10417526 | Central Bank of India | ₹47.5 Cr | Satisfied | |
| 14 Mar 2013 | 10414426 | Rajkot Nagrik Sahakari Bank Limited | ₹18 Cr | Satisfied |
To see the full charge records of Ardor Global Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ardor Global Private Limited has 60 court cases on record: 38 filed by Ardor Global, 22 filed against it. 9 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 22 | 8 |
| NCLT | 9 | 0 | 1 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Nirma Industries Private Limited Through Mr Naresh Sangani | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Scarlet Tradelink Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR RA) | Filed by the company against Nirma Industries Pvt. Ltd. Through Authorised Person Naresh Sangani and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Satva Merchandize Pvt. Ltd. and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Satva Merchandize Pvt. Ltd. and 2 others | Disposed |
To see the full case history of Ardor Global 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 Ardor Global Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ardor Global 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 Ardor Global Private Limited, buy the company report.
Recent activity
Ardor Global Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Gitaben Bharatbhai Shah ceased to be Director on 01 Apr 2015.
9 earlier events are in the company report.
Frequently asked questions
Ardor Global 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.
Ardor Global is a company under liquidation, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 01 March 2011 and is registered under CIN U24100GJ2011PTC064235. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ardor Global has 2 current directors:
- Fenil Bharatbhai Shah - Managing Director
- Bharatbhai Ratanshi Shah - Director
The latest financial statements of Ardor Global on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 29 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ardor Global is U24100GJ2011PTC064235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ardor Global has open charges of ₹776.75 Cr and satisfied charges of ₹133.5 Cr as per latest MCA filings.
Ardor Global has 60 court cases on record: 38 filed by the company and 22 filed against it. 9 are pending. Most are in the district courts.
Ardor Global was incorporated on 01 March 2011. It is registered with the Registrar of Companies, Ahmedabad.
Gitaben Bharatbhai Shah ceased to be Director on 01 Apr 2015. Fenil Bharatbhai Shah ceased to be Director on 11 Oct 2012. Ashish Mahavir Tawakley ceased to be Additional Director on 02 Jul 2012. Ardor Global has 6 board changes on record in total.
Ardor Global can be reached through the website ardor-group.com. Its registered office is in Ahmedabad, Gujarat, India.