About Ticitech Medical Solutions Private Limited
Data last updated:
Ticitech Medical Solutions Private Limited was a private limited company based in Mohali, Punjab, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 10 November 2008.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51507PB2008PTC032406. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹16 Lakh and a paid-up capital of ₹16 Lakh. It was led by directors including Balwinder Singh Kalsi and Amandeep Kaur Bhogal.
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 was at House No 1962 Phase 5 Sector 59, Mohali, Punjab, India – 160059.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.57 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Lakh (net margin 0.7%) and EBITDA of ₹18.08 Lakh (EBITDA margin 11.5%).
Court records list 10 cases involving the company, including 10 filed against it; 1 case is pending.
The last known website on record is ticitech.ch.
Company details
Contact details
Ticitech Medical Solutions Private Limited's registered office is in Mohali, Punjab. Its website is ticitech.ch. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressHouse No 1962 Phase 5 Sector 59, Mohali, Punjab, India – 160059
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Ticitech Medical Solutions 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 Ticitech Medical Solutions is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Ticitech Medical Solutions Private Limited, buy the company report.
Financials of Ticitech Medical Solutions Private Limited
FY 2017 filings availableTicitech Medical Solutions Private Limited reported revenue of ₹1.57 Cr (up 70% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 70% in the latest year. EBITDA rose 49% 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 | ₹1.57 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹18.08 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.11 Lakh | |
| 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 | 11.5% | |
| Net Profit Margin | 0.7% | |
| 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 Ticitech Medical Solutions Private Limited, buy the company report.
Board of directors of Ticitech Medical Solutions Private Limited
Ticitech Medical Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balwinder Singh Kalsi Also directs: Ticitech Healthcare Private Limited | Director | 18 May 2009 | 17 Years 5 Months | As last reported |
| Amandeep Kaur Bhogal | Director | 10 Nov 2008 | 18 Years 0 Months | As last reported |
| Jagbir Singh Bhogal | Director | 10 Nov 2008 | 18 Years 0 Months | As last reported |
Auditor
Ticitech Medical Solutions Private Limited is audited by S K DUGGAL & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K DUGGAL & CO | FY 2016 | 003578N |
Shareholding
The shareholding of Ticitech Medical Solutions Private Limited 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 Ticitech Medical Solutions Private Limited, buy the company report.
Legal cases
Ticitech Medical Solutions Private Limited has 10 court cases on record: 10 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by HDFC Bank Ltd. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Dhani Loans and Services Ltd. | Disposed |
| District court, SAS Nagar, Punjab | Execution petition | Filed against the company by HDFC Bank | Disposed |
| District court, North, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Axis Bank Limited | Disposed |
| District court, Chandigarh | Arbitration matter | Filed against the company by Axis Bank Limited | Disposed |
To see the full case history of Ticitech Medical Solutions 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 Ticitech Medical Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ticitech Medical Solutions 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 Ticitech Medical Solutions Private Limited, buy the company report.
Recent activity
Ticitech Medical Solutions Private Limited has 3 board changes on record since 2008: 3 appointments. The latest: Balwinder Singh Kalsi was appointed as Director on 18 May 2009.
Frequently asked questions
Ticitech Medical Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Ticitech Medical Solutions was a private limited company based in Mohali, Punjab, India. The company worked in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 10 November 2008 and is registered under CIN U51507PB2008PTC032406. The company has been struck off by the Registrar of Companies and is no longer operational.
Ticitech Medical Solutions had 3 directors:
- Balwinder Singh Kalsi - Director
- Amandeep Kaur Bhogal - Director
- Jagbir Singh Bhogal - Director
The CIN (Corporate Identification Number) of Ticitech Medical Solutions is U51507PB2008PTC032406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ticitech Medical Solutions is at House No 1962 Phase 5 Sector 59, Mohali, Punjab, India – 160059.
Ticitech Medical Solutions was incorporated on 10 November 2008. It is registered with the Registrar of Companies, Chandigarh.
Ticitech Medical Solutions can be reached through the website ticitech.ch. Its registered office is in Mohali, Punjab, India.
The latest financial statements of Ticitech Medical Solutions 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.
No. Ticitech Medical Solutions has 1 GST registration on record and it is cancelled or inactive.
Ticitech Medical Solutions operated in the healthcare industry, in the medical equipment retail and distribution segment. It worked in this industry before it was struck off.
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