Hargo Pharm Private Limited
About Hargo Pharm Private Limited
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Hargo Pharm Private Limited is a private limited company based in Thane, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the other hospital and medical care activities segment of the healthcare sector. It was incorporated on 05 March 1999.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24239MH1999PTC118676.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.5 Cr. It is led by directors Harish Kumar and Gopal Rambilas Singh.
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 is at 4 Laxmi Park Kalher Bhiwandi, Thane, Maharashtra, India – 421302.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.33 Lakh, a growth of 107% compared to the previous year. For the same year it recorded a net loss of ₹2.78 Lakh (net margin -119.6%) and EBITDA of ₹1.38 Lakh (EBITDA margin 59.5%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹11.45 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Company details
Contact details
Hargo Pharm Private Limited's registered office is in Thane, Maharashtra.
- Registered Address4 Laxmi Park Kalher Bhiwandi, Thane, Maharashtra, India – 421302
- IndustryHealthcare, Other Hospital and Medical Care Activities
- 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 Hargo Pharm is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Hargo Pharm Private Limited, buy the company report.
Financials of Hargo Pharm Private Limited
FY 2017 filings availableHargo Pharm Private Limited reported revenue of ₹2.33 Lakh (up 107% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 107% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA rose 317% 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 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹1.38 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.78 Lakh | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 59.5% | ||
| Net Profit Margin | -119.6% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Hargo Pharm Private Limited, buy the company report.
Board of directors of Hargo Pharm Private Limited
Hargo Pharm has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Kumar Also directs: Nanotech Pharma Private Limited | Director | 15 Nov 2011 | 14 Years 11 Months | As last reported |
| Gopal Rambilas Singh | Director | 30 Sep 2011 | 15 Years 0 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2006 | 10018457 | Canara Bank | ₹10.5 Cr | Open | |
| 31 Mar 2006 | 10116839 | Canara Bank | ₹4.5 Cr | Open | |
| 12 Dec 2008 | 10136901 | Edelweiss Asset Reconstruction Company Limited | ₹7.5 Cr | Satisfied | |
| 04 Jul 2008 | 10117727 | Axis Bank Limited | ₹3.95 Cr | Satisfied |
To see the full charge records of Hargo Pharm Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Hargo Pharm Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (APPLN) | Filed against the company by Serum Institute of India Private Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S. Serum Institute of India Ltd. | Disposed |
To see the full case history of Hargo Pharm 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 Hargo Pharm Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Hargo Pharm Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Hargo Pharm Private Limited has 10 board changes on record since 2007: 2 appointments and 8 cessations. The latest: Prakash Shankar Ghate ceased to be Director on 21 Jan 2013.
11 earlier events are in the company report.
Frequently asked questions
Hargo Pharm is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Hargo Pharm is a company under liquidation, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in other hospital and medical care activities, within the healthcare industry. It was incorporated on 05 March 1999 and is registered under CIN U24239MH1999PTC118676. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hargo Pharm has 2 current directors:
- Harish Kumar - Director
- Gopal Rambilas Singh - Director
The latest financial statements of Hargo Pharm 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.
The CIN (Corporate Identification Number) of Hargo Pharm is U24239MH1999PTC118676. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hargo Pharm has open charges of ₹15 Cr and satisfied charges of ₹11.45 Cr as per latest MCA filings.
Hargo Pharm has 2 court cases on record: 2 filed against it.
Hargo Pharm was incorporated on 05 March 1999. It is registered with the Registrar of Companies, Mumbai.
Prakash Shankar Ghate ceased to be Director on 21 Jan 2013. Vilhas Shankar Jadhhav ceased to be Director on 31 Dec 2011. Harish Kumar was appointed as Director on 15 Nov 2011. Hargo Pharm has 10 board changes on record in total.
The registered office of Hargo Pharm is at 4 Laxmi Park Kalher Bhiwandi, Thane, Maharashtra, India – 421302.