About Armax Health Private Limited
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Armax Health Private Limited is a private limited company based in Mumbai, Maharashtra, India. 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 medical and laboratory equipment segment of the healthcare sector. It was incorporated on 21 August 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85190MH2007PTC173326. Its GSTIN is 06AADCB2121P1ZT (Haryana). The company holds 7 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹94.1 Lakh. It was formerly known as Bafna Health Care Private Limited. It is led by directors including Rakesh Hansraj Bothra (Irp/Rp/Liquidator) and Bernard Anthony Rego.
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 Unit No. 712 7th Floor World Trade Centre No.1 Cuffe Parade Colaba, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2020, the company reported a revenue of ₹63.39 Cr, a growth of 129% compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 1.7%) and EBITDA of ₹3.68 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 57% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹34 Cr and satisfied charges of ₹22 Cr on record. Court records list 73 cases involving the company, including 24 filed by the company and 49 filed against it; 16 cases are pending.
The last known website on record is bafnahealthcare.com.
Company details
Contact details
Armax Health Private Limited's registered office is in Mumbai, Maharashtra. Its website is bafnahealthcare.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No. 712 7th Floor World Trade Centre No.1 Cuffe Parade Colaba, Mumbai, Maharashtra, India – 400005
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Armax Health 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 activity of Armax Health 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 Armax Health Private Limited, buy the company report.
Financials of Armax Health Private Limited
FY 2020 filings availableArmax Health Private Limited reported revenue of ₹63.39 Cr (up 129% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 129% growth in the latest year. EBITDA rose 1% 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 | ₹63.39 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.07 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Armax Health Private Limited, buy the company report.
Board of directors of Armax Health Private Limited
Armax Health 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 |
|---|---|---|---|---|
| Rakesh Hansraj Bothra Also directs: Tatkal Loan India Private Limited | Irp/Rp/Liquidator | 30 Jul 2024 | 2 Years 3 Months | As last reported |
| Bernard Anthony Rego | Director | 30 Oct 2020 | 6 Years 0 Months | As last reported |
| Sunil Sumatilal Mutha | Director | 01 Apr 2008 | 18 Years 7 Months | As last reported |
Peer comparison
Armax Health Private Limited is compared with the 3 companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Toshniwal Instruments (Madras) Private Limited | ₹63.87 Cr (FY 2024) | 12.0% | Chennai, Tamil Nadu, India | |||
| Armax Health Private Limitedthis company | ₹63.39 Cr (FY 2020) | ₹1.07 Cr | 1.7% | 129.0% | Mumbai, Maharashtra, India | |
| Sigma Surgical Private Limited | ₹60.36 Cr (FY 2025) | 14.0% | Ahmedabad, Gujarat, India | |||
| Labtech Health Care India Private Limited | ₹59.52 Cr (FY 2024) | 3.0% | Japur, Rajasthan, India |
To see the full peer comparison of Armax Health Private Limited, buy the company report.
Auditor
Armax Health Private Limited is audited by LALIT & SURENDRA for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LALIT & SURENDRA | FY 2020 | 114731W |
Shareholding
The shareholding of Armax Health Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Armax Health Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Mar 2021 | 100460873 | Others | ₹15 Cr | Open | |
| 06 Nov 2020 | 100385257 | Others | ₹4.5 Cr | Open | |
| 27 Dec 2019 | 100314233 | Tata Capital Financial Services Limited | ₹4.5 Cr | Open | |
| 28 Mar 2018 | 100166984 | Tata Capital Financial Services Limited | ₹10 Cr | Open | |
| 29 Feb 2016 | 100020461 | Tata Capital Financial Services Limited | ₹15 Cr | Satisfied |
To see the full charge records of Armax Health Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Armax Health Private Limited has 73 court cases on record: 24 filed by Armax Health, 49 filed against it. 16 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 38 | 10 |
| High courts | 24 | 8 | 4 |
| Supreme Court | 3 | 1 | 2 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Nihon Kohden India Pvt Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by Expo-Fab (India) Pvt. Ltd. | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Aditya Birla Finance Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Aditya Birla Finance Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Shriram City Union Finance Limited and 1 other | Disposed |
To see the full case history of Armax Health 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 Armax Health Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Armax Health has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCB2121P1ZT | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Armax Health Private Limited, buy the company report.
Recent activity
Armax Health Private Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Rakesh Hansraj Bothra was appointed as Irp/Rp/Liquidator on 30 Jul 2024.
7 earlier events are in the company report.
Frequently asked questions
Armax Health 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.
Armax Health is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 21 August 2007 and is registered under CIN U85190MH2007PTC173326. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Armax Health has 3 current directors:
- Bernard Anthony Rego - Director
- Sunil Sumatilal Mutha - Director
- Rakesh Hansraj Bothra - Irp/Rp/Liquidator
The latest financial statements of Armax Health 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 Armax Health is U85190MH2007PTC173326. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Armax Health has open charges of ₹34 Cr and satisfied charges of ₹22 Cr as per latest MCA filings.
Armax Health has 73 court cases on record: 24 filed by the company and 49 filed against it. 16 are pending. Most are in the district courts.
Armax Health was incorporated on 21 August 2007. It is registered with the Registrar of Companies, Mumbai.
The peers of Armax Health by revenue are Toshniwal Instruments (Madras) Private Limited, Sigma Surgical Private Limited, Labtech Health Care India Private Limited, all in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Rakesh Hansraj Bothra was appointed as Irp/Rp/Liquidator on 30 Jul 2024. Bernard Anthony Rego ceased to be Director on 23 Aug 2021. Bernard Anthony Rego was appointed as Director on 30 Oct 2020. Armax Health has 7 board changes on record in total.
Armax Health can be reached through the website bafnahealthcare.com. Its registered office is in Mumbai, Maharashtra, India.
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