About Ardor International Limited
Data last updated:
Ardor International Limited is a public 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 18 February 2003.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2003PLC042016. The company has 5 GST registrations on record, none of which is active.
The company has a paid-up capital of ₹225 Cr. It is led by directors including 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 ₹3,545.71 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹8.7 Cr (net margin 0.2%) and EBITDA of ₹71.95 Cr (EBITDA margin 2%).
The company has about 21 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,291.9 Cr and satisfied charges of ₹810.2 Cr on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it; 3 cases are pending. The company has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹192.75 Cr; the latest was in January 2015.
The last known website on record is ardor-group.com.
Company details
CIN history
Ardor International has one previous CIN (Corporate Identification Number): U51909GJ2003PTC042016. The current CIN is U51909GJ2003PLC042016, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909GJ2003PLC042016 | Current |
| U51909GJ2003PTC042016 | Previous |
Contact details
Ardor International Limited's registered office is in Ahmedabad, Gujarat. Its website is ardor-group.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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 International 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 International Limited
FY 2015 filings availableArdor International Limited reported revenue of ₹3,545.71 Cr (up 24% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 24% in the latest year. EBITDA fell 28% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹3,545.71 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹71.95 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹8.7 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 International Limited, buy the company report.
Board of directors of Ardor International Limited
Ardor International has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Fenil Bharatbhai Shah | Managing Director | 18 Feb 2003 | 23 Years 8 Months | As last reported |
| Bharatbhai Ratanshi Shah | Director | 01 Mar 2010 | 16 Years 7 Months | As last reported |
| Satishkumar Anavangot Also directs: Joy Tapp Technologies Private Limited | Director | 10 May 2016 | 10 Years 5 Months | As last reported |
Auditor
Ardor International 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 International 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 International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2015 | 10570736 | Bank of India | ₹50 Cr | Open | |
| 29 Nov 2013 | 10462635 | Bank of India | ₹10 Cr | Open | |
| 28 Mar 2013 | 10421955 | State Bank of India | ₹67.4 Cr | Open | |
| 13 Jan 2011 | 10269021 | Pnb Investment Service Ltd - Sec Trustee of Boi Consrtim Boi Sbi Axis Pnb Cbi Rnsb Ubi Bob | ₹582.25 Cr | Open | |
| 11 Apr 2005 | 90107105 | Pnb Investment Service Ltd - Sec Trustee of Boi Consrtim Boi Sbi Axis Pnb Cbi Rnsb Ubi Bob | ₹582.25 Cr | Open |
To see the full charge records of Ardor International Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Ardor International Limited has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹192.75 Cr; the latest was in January 2015.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Rights issue | ₹30 Cr | Investors: Argus Global Private Limited , Clarion Global Trade Private Limited , Ensemble Overseas Private Limited |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: Ensemble Overseas Private Limited , Plutus Enterprises Private Limited , Insignia International Private Limited Seller: 4 individuals |
| Mar 2014 | Funding round | ₹50 Cr | Investors: Ardor Overseas Private Limited , Infinium Det-Chem Private Limited , Greenland Infracon Private Limited |
| Feb 2012 | Funding round | ₹102.5 Cr | Investors: 4 individuals |
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: Ardor Overseas Private Limited Seller: Chem-Edge International Private Limited |
To see the full deal history of Ardor International 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
Ardor International Limited has 12 court cases on record: 1 filed by Ardor International, 11 filed against it. 3 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 3 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Revision petition | Filed against the company by KLJ Resources Ltd | Disposed |
| District court, Kanpur Nagar, Uttar Pradesh | Court case (Original Suit) | Filed against the company by M/S RSPL Limited | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by K L J Resources Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Bank of India Consortium Through Rajesh Sharma | Disposed |
| District court, Ahmedabad, Gujarat | Court case (PMLA) | Filed against the company by an individual | Disposed |
To see the full case history of Ardor International 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 International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ardor International 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 International Limited, buy the company report.
Recent activity
Ardor International Limited has 6 board changes on record since 2003: 3 appointments and 3 cessations. The latest: Satishkumar Anavangot ceased to be Director on 05 Aug 2016.
38 earlier events are in the company report.
Frequently asked questions
Ardor International 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 International is a company under liquidation, formerly operating as a public 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 18 February 2003 and is registered under CIN U51909GJ2003PLC042016. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ardor International has 3 current directors:
- Fenil Bharatbhai Shah - Managing Director
- Bharatbhai Ratanshi Shah - Director
- Satishkumar Anavangot - Director
The latest financial statements of Ardor International 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 International is U51909GJ2003PLC042016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ardor International has open charges of ₹1,291.9 Cr and satisfied charges of ₹810.2 Cr as per latest MCA filings.
Ardor International has 12 court cases on record: 1 filed by the company and 11 filed against it. 3 are pending. Most are in the district courts.
Ardor International was incorporated on 18 February 2003. It is registered with the Registrar of Companies, Ahmedabad.
Ardor International has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹192.75 Cr; the latest was in January 2015.
Satishkumar Anavangot ceased to be Director on 05 Aug 2016. Satishkumar Anavangot was appointed as Director on 10 May 2016. Gitaben Bharatbhai Shah ceased to be Director on 01 Apr 2015. Ardor International has 6 board changes on record in total.