About Ashoka Machine Tools International Pvt Ltd
Data last updated:
Ashoka Machine Tools International Pvt Ltd is a private limited company based in Delhi, 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 industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 11 May 1982.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29220DL1982PTC013641. Its GSTIN is 07AAACA2041E1ZF (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.99 Cr. It is led by directors including Laxman and Ashwani Khanna.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at B – 68/3 Wazirpur Indl. Area New Delhi – 52, Delhi, India.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.22 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹3.13 Cr (net margin -256.2%) and EBITDA of -₹2.7 Cr (EBITDA margin -221.1%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.6 Cr and satisfied charges of ₹25.37 Cr on record. Court records list 22 cases involving the company, including 1 filed by the company and 21 filed against it; 6 cases are pending.
The last known website on record is ashhokaintlgears.com.
Company details
Contact details
Ashoka Machine Tools International Pvt Ltd's registered office is in Delhi. Its website is ashhokaintlgears.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB – 68/3 Wazirpur Indl. Area New Delhi – 52, Delhi, India
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Ashoka Machine Tools International Pvt Ltd, 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 Ashoka Machine Tools International is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ashoka Machine Tools International Pvt Ltd, buy the company report.
Financials of Ashoka Machine Tools International Pvt Ltd
FY 2017 filings availableAshoka Machine Tools International Pvt Ltd reported revenue of ₹1.22 Cr (down 60% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over three years, including a 60% fall in the latest year. EBITDA fell 966% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1.22 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.7 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹3.13 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -221.1% | ||
| Net Profit Margin | -256.2% | ||
| 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 Ashoka Machine Tools International Pvt Ltd, buy the company report.
Board of directors of Ashoka Machine Tools International Pvt Ltd
Ashoka Machine Tools 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 |
|---|---|---|---|---|
| Laxman | Director | 19 Mar 2018 | 8 Years 7 Months | As last reported |
| Ashwani Khanna | Director | 01 Apr 1997 | 29 Years 6 Months | As last reported |
| Ajay Kadmawala Also directs: Kadmawala Insolvency Professional Private Limited | Irp/Rp/Liquidator | 31 Jul 2024 | 2 Years 2 Months | As last reported |
Auditor
Ashoka Machine Tools International Pvt Ltd is audited by L N MALIK & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L N MALIK & ASSOCIATES | FY 2017 | 015992N |
Shareholding
The shareholding of Ashoka Machine Tools International Pvt Ltd is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ashoka Machine Tools International Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2013 | 10462885 | Bank of Maharashtra | ₹40 Lakh | Open | |
| 27 Jan 2013 | 10462878 | Bank of Maharashtra | ₹8 Cr | Open | |
| 19 Jun 2008 | 10111042 | Punjab National Bank | ₹3.2 Cr | Open | |
| 23 Feb 2010 | 10210571 | Punjab National Bank | ₹55.24 Lakh | Satisfied | |
| 06 Nov 2009 | 10190591 | Punjab National Bank | ₹10.99 Cr | Satisfied |
To see the full charge records of Ashoka Machine Tools International Pvt Ltd, buy the company report.
Total charge records: 17 View all charges
Legal cases
Ashoka Machine Tools International Pvt Ltd has 22 court cases on record: 1 filed by Ashoka Machine Tools International, 21 filed against it. 6 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 19 | 6 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Alwar, Rajasthan | Criminal case | Filed against the company by M/S Ratan Engineering Company Pvt. Ltd | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Kotak Mahindra Prime Ltd | Disposed |
| District court, North West, Delhi | Execution petition | Filed against the company by Kotak Mahindra Prime Ltd. | Disposed |
| District court, Alwar, Rajasthan | Court case (C s) | Filed against the company by National General Industries Limited | Disposed |
| District court, KHAIRTAL TIJARA, Rajasthan | Court case (C s) | Filed against the company by National General Industries Limited | Disposed |
To see the full case history of Ashoka Machine Tools International Pvt Ltd, 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 Ashoka Machine Tools International Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashoka Machine Tools International Pvt Ltd has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ashoka Machine Tools International has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA2041E1ZF | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashoka Machine Tools International Pvt Ltd, buy the company report.
Recent activity
Ashoka Machine Tools International Pvt Ltd has 6 board changes on record since 1997: 3 appointments and 3 cessations. The latest: Ajay Kadmawala was appointed as Irp/Rp/Liquidator on 31 Jul 2024.
34 earlier events are in the company report.
Frequently asked questions
Ashoka Machine Tools International 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.
Ashoka Machine Tools International is a company under insolvency, formerly operating as a private limited company based in Delhi, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 11 May 1982 and is registered under CIN U29220DL1982PTC013641. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ashoka Machine Tools International has 3 current directors:
- Laxman - Director
- Ashwani Khanna - Director
- Ajay Kadmawala - Irp/Rp/Liquidator
The latest financial statements of Ashoka Machine Tools International on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ashoka Machine Tools International is U29220DL1982PTC013641. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashoka Machine Tools International has open charges of ₹11.6 Cr and satisfied charges of ₹25.37 Cr as per latest MCA filings.
Ashoka Machine Tools International has 22 court cases on record: 1 filed by the company and 21 filed against it. 6 are pending. Most are in the district courts.
Ashoka Machine Tools International was incorporated on 11 May 1982. It is registered with the Registrar of Companies, Delhi.
Ajay Kadmawala was appointed as Irp/Rp/Liquidator on 31 Jul 2024. Ashwani Khanna ceased to be Director on 27 Jun 2019. Kunal Khanna ceased to be Director on 23 Mar 2018. Ashoka Machine Tools International has 6 board changes on record in total.
Ashoka Machine Tools International can be reached through the website ashhokaintlgears.com. Its registered office is in Delhi, India.