Affiance Medi Tech Private Limited
About Affiance Medi Tech Private Limited
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Affiance Medi Tech Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 17 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2009PTC190979. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹53.99 Lakh. It is led by directors Manasi Yashodhan Deshpande and Yashodhan Laxmanrao Deshpande.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Nagpur, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.79 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹1.04 Cr (net margin -21.7%) and EBITDA of -₹32.5 Lakh (EBITDA margin -6.8%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years.
As per MCA filings, the company has open charges of ₹4.8 Cr and satisfied charges of ₹1.8 Cr on record. Court records list 18 cases involving the company, including 5 filed by the company and 13 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Affiance Medi Tech Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressT1 3rd Floor M – 22 Jageshwar Apartment Above Vidarbha Premier Bank Tatya Tope, Nagar, Nagpur, Maharashtra, India – 440015
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Affiance Medi Tech 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 Affiance Medi Tech is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Affiance Medi Tech Private Limited, buy the company report.
Financials of Affiance Medi Tech Private Limited
FY 2018 filings availableAffiance Medi Tech Private Limited reported revenue of ₹4.79 Cr (down 54% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over three years, including a 54% fall in the latest year. EBITDA fell 141% 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 | ₹4.79 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹32.5 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.04 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 | -6.8% | |||
| Net Profit Margin | -21.7% | |||
| 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 Affiance Medi Tech Private Limited, buy the company report.
Board of directors of Affiance Medi Tech Private Limited
Affiance Medi Tech has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manasi Yashodhan Deshpande | Director | 24 Feb 2017 | 9 Years 8 Months | Current |
| Yashodhan Laxmanrao Deshpande Also directs: Psybus Life Sciences LLP | Director | 17 Mar 2009 | 17 Years 7 Months | Current |
Auditor
Affiance Medi Tech Private Limited is audited by DIWAN & DASTURE for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIWAN & DASTURE | FY 2018 | 114732W |
Shareholding
The shareholding of Affiance Medi Tech Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Affiance Medi Tech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2011 | 10362487 | Bank of Maharashtra | ₹4.8 Cr | Open | |
| 05 Jun 2010 | 10229401 | State Bank of India | ₹1.3 Cr | Satisfied | |
| 13 Aug 2009 | 10179656 | Union Bank of India | ₹50 Lakh | Satisfied |
To see the full charge records of Affiance Medi Tech Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Affiance Medi Tech Private Limited has 18 court cases on record: 5 filed by Affiance Medi Tech, 13 filed against it. 5 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 9 | 9 | 0 |
| District courts | 7 | 2 | 5 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Shriram Finance Ltd | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Bhandari Hospital and Research Centre Pvt Ltd | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Zimmer India Pvt Ltd | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against The Director Sri Arbindo Institute of Medical Sciences | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Bombay Hospital Pvt Ltd | Pending |
To see the full case history of Affiance Medi Tech 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 Affiance Medi Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Affiance Medi Tech has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Affiance Medi Tech Private Limited, buy the company report.
Recent activity
Affiance Medi Tech Private Limited has 20 board changes on record since 2009: 11 appointments and 9 cessations. The latest: Satish Suresharav Doifode ceased to be Managing Director on 12 Feb 2019.
18 earlier events are in the company report.
Frequently asked questions
Affiance Medi Tech is an active private limited company based in Nagpur, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 17 March 2009 (17+ years old) and is registered under CIN U93090MH2009PTC190979.
Affiance Medi Tech has 2 current directors:
- Manasi Yashodhan Deshpande - Director
- Yashodhan Laxmanrao Deshpande - Director
The latest financial statements of Affiance Medi Tech on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Affiance Medi Tech has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Affiance Medi Tech is U93090MH2009PTC190979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Affiance Medi Tech has 18 court cases on record: 5 filed by the company and 13 filed against it. 5 are pending. Most are in the nclt.
Affiance Medi Tech was incorporated on 17 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Satish Suresharav Doifode ceased to be Managing Director on 12 Feb 2019. Vicky Mahobiya ceased to be Director on 12 Feb 2019. Satish Suresharav Doifode was appointed as Managing Director on 30 May 2018. Affiance Medi Tech has 20 board changes on record in total.
The registered office of Affiance Medi Tech is at T1 3rd Floor M – 22 Jageshwar Apartment Above Vidarbha Premier Bank Tatya Tope, Nagar, Nagpur, Maharashtra, India – 440015.
Affiance Medi Tech operates in the healthcare industry, in the medical equipment retail and distribution segment.