About Associate High Pressure Technologies Private Limited
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Associate High Pressure Technologies Private Limited is a private limited company based in Gandhidham, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 01 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U55100GJ2004PTC045068. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24 Cr. It was formerly known as Axis Enterprise Private Limited. It is led by directors including Ram Kotumal Issrani (Managing Director) and Mohamed Farouk Suleman Darvesh.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Plot No. 543 To 560 – Extended Area Kandla SEZ, Gandhidham, Gujarat, India – 370201.
As per the financials filed for FY 2016, the company reported a revenue of ₹6.7 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹14.75 Cr (net margin -220%) and EBITDA of -₹4.59 Cr (EBITDA margin -68.4%).
As per MCA filings, the company has open charges of ₹95.75 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website associategroup.in.
Company details
Contact details
Associate High Pressure Technologies Private Limited's registered office is in Gandhidham, Gujarat. Its website is associategroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 543 To 560 – Extended Area Kandla SEZ, Gandhidham, Gujarat, India – 370201
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Associate High Pressure Technologies 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 Associate High Pressure Technologies are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products 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 | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Associate High Pressure Technologies Private Limited, buy the company report.
Financials of Associate High Pressure Technologies Private Limited
FY 2016 filings availableAssociate High Pressure Technologies Private Limited reported revenue of ₹6.7 Cr (down 70% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year. EBITDA fell 68% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹6.7 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹4.59 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹14.75 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -68.4% | |
| Net Profit Margin | -220% | |
| 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 Associate High Pressure Technologies Private Limited, buy the company report.
Board of directors of Associate High Pressure Technologies Private Limited
Associate High Pressure Technologies has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohamed Farouk Suleman Darvesh | Director | 13 Aug 2005 | 21 Years 2 Months | Current |
| Srichand Satramdas Agicha Also directs: Associate Plantations Private Limited, Associate Plywood Industries Private Limited, Associate Lumbers Pvt Ltd and 5 more | Director | 01 Apr 2008 | 18 Years 6 Months | Current |
| Ebrahim Suleman Darvesh | Director | 01 Apr 2008 | 18 Years 6 Months | Current |
| Satish Sunderdas Agicha Also directs: Associate Plywood Industries Private Limited | Director | 01 Apr 2008 | 18 Years 6 Months | Current |
| Ram Kotumal Issrani | Managing Director | 01 Dec 2004 | 21 Years 10 Months | Current |
| Manoharlal Satramdas Agicha Also directs: Timber Importers Association India Limited, Associate Lumbers Pvt Ltd, Touchwood Real Estate P Ltd. and 5 more | Director | 01 Apr 2008 | 18 Years 6 Months | Current |
Auditor
Associate High Pressure Technologies Private Limited is audited by HIRANANDANI & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIRANANDANI & CO | FY 2016 | 103684W |
Shareholding
The shareholding of Associate High Pressure Technologies Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Associate High Pressure Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2010 | 10217763 | Union Bank of India | ₹15 Cr | Open | |
| 31 Oct 2008 | 10131328 | Union Bank of India | ₹80.75 Cr | Open |
To see the full charge records of Associate High Pressure Technologies Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Associate High Pressure Technologies Private Limited has 4 court cases on record: 1 filed by Associate High Pressure Technologies, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Pending |
| High Court of Gujarat | Special civil application | Filed against the company | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union Bank of India and 9 others | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by Zhangjiagang Tubes China Co Ltd | Disposed |
To see the full case history of Associate High Pressure Technologies 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 Associate High Pressure Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Associate High Pressure Technologies Private Limited has 1 active EPFO establishment as of Apr 10, 2024.
GST
Associate High Pressure Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Associate High Pressure Technologies Private Limited, buy the company report.
Recent activity
Associate High Pressure Technologies Private Limited has 10 board changes on record since 2004: 6 appointments and 4 cessations. The latest: Ashok Sunderdas Agicha ceased to be Director on 10 Apr 2016.
5 earlier events are in the company report.
Frequently asked questions
Associate High Pressure Technologies is an active private limited company based in Gandhidham, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 01 December 2004 (22+ years old) and is registered under CIN U55100GJ2004PTC045068.
Associate High Pressure Technologies has 6 current directors:
- Ram Kotumal Issrani - Managing Director
- Mohamed Farouk Suleman Darvesh - Director
- Srichand Satramdas Agicha - Director
- Ebrahim Suleman Darvesh - Director
- Satish Sunderdas Agicha - Director
- Manoharlal Satramdas Agicha - Director
The latest financial statements of Associate High Pressure Technologies on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Associate High Pressure Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Associate High Pressure Technologies is U55100GJ2004PTC045068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Associate High Pressure Technologies has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Associate High Pressure Technologies was incorporated on 01 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashok Sunderdas Agicha ceased to be Director on 10 Apr 2016. Deepa Ramchand Issrani ceased to be Director on 15 Aug 2014. Sapna Issrani ceased to be Director on 27 Sep 2012. Associate High Pressure Technologies has 10 board changes on record in total.
Associate High Pressure Technologies can be reached through the website associategroup.in. Its registered office is in Gandhidham, Gujarat, India.
The registered office of Associate High Pressure Technologies is at Plot No. 543 To 560 – Extended Area Kandla SEZ, Gandhidham, Gujarat, India – 370201.