About Ace Medical Solutions (India) Private Limited
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Ace Medical Solutions (India) Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 01 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U33110TN2009PTC072140. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Murugan Kandasamy (Managing Director) and Ajitha Rekha Murugan.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Door.No. 30 Madurai Town Sarojini Street Chinna Chokkikulam, Tamil Nadu, India – 625002.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.35 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹2.28 Lakh (net margin 1%) and EBITDA of ₹3.78 Lakh (EBITDA margin 1.6%).
As per MCA filings, the company has satisfied charges of ₹60 Lakh on record.
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 acemedical.in.
Company details
Contact details
Ace Medical Solutions (India) Private Limited's registered office is in Madurai, Tamil Nadu. Its website is acemedical.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDoor.No. 30 Madurai Town Sarojini Street Chinna Chokkikulam, Tamil Nadu, India – 625002
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Ace Medical Solutions (India) 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 Ace Medical Solutions (India) is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Ace Medical Solutions (India) Private Limited, buy the company report.
Financials of Ace Medical Solutions (India) Private Limited
FY 2017 filings availableAce Medical Solutions (India) Private Limited reported revenue of ₹2.35 Cr (up 5% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA rose 46% in the latest 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 | ₹2.35 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.78 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.28 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.6% | ||
| Net Profit Margin | 1% | ||
| 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 Ace Medical Solutions (India) Private Limited, buy the company report.
Board of directors of Ace Medical Solutions (India) Private Limited
Ace Medical Solutions (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Murugan Kandasamy Also directs: Acetower Agencies Private Limited | Managing Director | 01 Jul 2009 | 17 Years 4 Months | Current |
| Ajitha Rekha Murugan | Director | 21 May 2016 | 10 Years 5 Months | Current |
Shareholding
The shareholding of Ace Medical Solutions (India) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ace Medical Solutions (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 2014 | 10471375 | Hdfc Bank Limited | ₹60 Lakh | Satisfied |
To see the full charge records of Ace Medical Solutions (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Ace Medical Solutions (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ace Medical Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ace Medical Solutions (India) 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 Ace Medical Solutions (India) Private Limited, buy the company report.
Recent activity
Ace Medical Solutions (India) Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Periasamyservai Chandran ceased to be Director on 01 Jun 2016.
Frequently asked questions
Ace Medical Solutions (India) is an active private limited company based in Madurai, Tamil Nadu, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 01 July 2009 (17+ years old) and is registered under CIN U33110TN2009PTC072140.
Ace Medical Solutions (India) has 2 current directors:
- Murugan Kandasamy - Managing Director
- Ajitha Rekha Murugan - Director
The latest financial statements of Ace Medical Solutions (India) on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Ace Medical Solutions (India) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ace Medical Solutions (India) is U33110TN2009PTC072140. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Medical Solutions (India) was incorporated on 01 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
Periasamyservai Chandran ceased to be Director on 01 Jun 2016. Subathra Periakaruppan ceased to be Director on 01 Jun 2016. Ajitha Rekha Murugan was appointed as Director on 21 May 2016. Ace Medical Solutions (India) has 4 board changes on record in total.
Ace Medical Solutions (India) can be reached through the website acemedical.in. Its registered office is in Madurai, Tamil Nadu, India.
The registered office of Ace Medical Solutions (India) is at Door.No. 30 Madurai Town Sarojini Street Chinna Chokkikulam, Tamil Nadu, India – 625002.
Ace Medical Solutions (India) operates in the healthcare industry, in the medical equipment retail and distribution segment.
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