About Trident Tools Limited
Data last updated:
Trident Tools Limited was a public limited company based in Thane, Maharashtra, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 29 April 1982.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L29220MH1982PLC027046. Its GSTIN is 27AAACM4209Q4Z3 (Maharashtra). The company held 4 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (531972) has been suspended, so they do not currently trade on a stock exchange.
The company had an authorised share capital of ₹15.05 Cr and a paid-up capital of ₹14.04 Cr. It was formerly known as Magicut Tools Private Limited and Magicut Tools Limited. It was led by directors including Ravi Narendra Gupta (Managing Director) and Narendra Rameshchandra Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Survey No. 26 Tembhode Shirgaon Road Dhansar Village Palghar, Thane, Maharashtra, India – 401404.
As per the financials filed for FY 2018, the company reported a revenue of ₹8.84 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹9.08 Cr (net margin -102.7%) and EBITDA of -₹1.16 Cr (EBITDA margin -13.1%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years.
As per MCA filings, the company had open charges of ₹180.42 Cr and satisfied charges of ₹11.11 Cr on record. Court records list 14 cases involving the company, including 5 filed by the company and 9 filed against it. The company has 2 deals on record (1 market trade, 1 acquisition); the latest was in April 2012.
The last known website on record is magicuttools.com.
Company details
Name history
Trident Tools has undergone 2 name changes throughout its history. The company was previously known as Magicut Tools Private Limited, and Magicut Tools Limited. The current legal name is Trident Tools Limited.
| Company Name | Status |
|---|---|
| Trident Tools Limited | Current |
| Magicut Tools Private Limited | Previous |
| Magicut Tools Limited | Previous |
CIN history
Trident Tools has one previous CIN (Corporate Identification Number): U29220MH1982PLC027046. The current CIN is L29220MH1982PLC027046, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29220MH1982PLC027046 | Current |
| U29220MH1982PLC027046 | Previous |
Contact details
Trident Tools Limited's registered office is in Thane, Maharashtra. Its website is magicuttools.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No. 26 Tembhode Shirgaon Road Dhansar Village Palghar, Thane, Maharashtra, India – 401404
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Trident Tools 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 Trident Tools 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 Trident Tools Limited, buy the company report.
Financials of Trident Tools Limited
FY 2018 filings availableTrident Tools Limited reported revenue of ₹8.84 Cr (down 34% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over three years, including a 34% fall in the latest year. EBITDA rose 93% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹8.84 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.16 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹9.08 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -13.1% | |||
| Net Profit Margin | -102.7% | |||
| 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 Trident Tools Limited, buy the company report.
Board of directors and KMP of Trident Tools Limited
Trident Tools Limited currently reports 4 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Bhandary | Director | 30 Sep 2015 | 11 Years 1 Months | As last reported |
| Ranjana Pascal Dmello | Director | 28 Mar 2015 | 11 Years 7 Months | As last reported |
| Narendra Rameshchandra Gupta Also directs: Shri Hari Metal Extruders (India) Limited | Whole-Time Director | 29 Apr 1982 | 44 Years 6 Months | As last reported |
| Rajendra Navnitlal Lad Also directs: Ultra Tools India Private Limited | Cfo | 28 May 2015 | 11 Years 5 Months | As last reported |
| Ravi Narendra Gupta | Managing Director | 02 Sep 2015 | 11 Years 2 Months | As last reported |
Auditor
Trident Tools Limited is audited by BAGARIA & CO. LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAGARIA & CO. LLP | FY 2018 | 113447W/W100019 |
Shareholding
The shareholding of Trident Tools Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Trident Tools Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jan 2015 | 10545469 | Punjab National Bank | ₹1.35 Cr | Open | |
| 29 Apr 2014 | 10510706 | Punjab National Bank | ₹15.6 Cr | Open | |
| 29 Apr 2014 | 10509301 | Punjab National Bank | ₹11 Cr | Open | |
| 13 Feb 2014 | 10480346 | Punjab National Bank | ₹2.5 Cr | Open | |
| 04 Oct 2013 | 10454126 | Punjab National Bank | ₹26.6 Cr | Open |
To see the full charge records of Trident Tools Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Trident Tools Limited has 2 deals on record (1 market trade, 1 acquisition); the latest was in April 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2012 | Market trade | ₹1.02 Cr | Buyer: an individual Seller: Narendra Rameshchandra Gupta (Huf) |
| Apr 2008 | Acquisition | Undisclosed | Buyer: Trident Tools Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Trident Tools Limited has 14 court cases on record: 5 filed by Trident Tools, 9 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 4 | 0 |
| District courts | 4 | 4 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Punjab National Bank | Disposed |
| Bombay High Court | Court case (APL) | Filed against the company | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S.Methal Extruders India LLP | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Trident Tools 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 Trident Tools Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Trident Tools has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM4209Q4Z3 | Maharashtra | Active | 26 May 2020 |
To see the full GST registrations and return filing status of Trident Tools Limited, buy the company report.
Recent activity
Trident Tools Limited has 13 board changes on record since 1982: 9 appointments and 4 cessations. The latest: Satish Kashinath Marathe ceased to be Director on 14 Aug 2018.
52 earlier events are in the company report.
Frequently asked questions
Trident Tools has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Trident Tools was a public limited company based in Thane, Maharashtra, India. The company worked in industrial machine tools, within the machinery and equipment industry. It was incorporated on 29 April 1982 and is registered under CIN L29220MH1982PLC027046. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Trident Tools was incorporated on 29 April 1982. It is registered with the Registrar of Companies, Mumbai.
Trident Tools had 5 directors and KMP:
- Ravi Narendra Gupta - Managing Director
- Narendra Rameshchandra Gupta - Whole-Time Director
- Suresh Bhandary - Director
- Ranjana Pascal Dmello - Director
- Rajendra Navnitlal Lad - Cfo
The CIN (Corporate Identification Number) of Trident Tools is L29220MH1982PLC027046. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trident Tools is recorded as a listed company by MCA, but trading in its shares on BSE (531972) has been suspended, so they do not currently trade on a stock exchange.
The registered office of Trident Tools is at Survey No. 26 Tembhode Shirgaon Road Dhansar Village Palghar, Thane, Maharashtra, India – 401404.
Trident Tools can be reached through the website magicuttools.com. Its registered office is in Thane, Maharashtra, India.
The latest financial statements of Trident Tools on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Trident Tools is 27AAACM4209Q4Z3, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
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