Hicure Pharmaceuticals Private Limited
About Hicure Pharmaceuticals Private Limited
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Hicure Pharmaceuticals Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 23 June 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24231KA2003PTC032145. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.45 Cr. It is led by directors Meghashyam Haridas Ladhad and Rahul Ramchandra Nagmule.
Its last annual general meeting (AGM) was held on 23 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Sitaram Sadan Siddeshwar Nagar Unkal, Hubli, Karnataka, India – 580031.
As per the financials filed for FY 2019, the company reported a revenue of ₹21.99 Lakh, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹68.94 Lakh (net margin -313.5%) and EBITDA of -₹87.19 Lakh (EBITDA margin -396.5%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 29% over five years.
As per MCA filings, the company has satisfied charges of ₹11.37 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hicure Pharmaceuticals Private Limited's registered office is in Hubli, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSitaram Sadan Siddeshwar Nagar Unkal, Hubli, Karnataka, India – 580031
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Hicure Pharmaceuticals 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
Financials of Hicure Pharmaceuticals Private Limited
FY 2019 filings availableHicure Pharmaceuticals Private Limited reported revenue of ₹21.99 Lakh (down 27% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 27% fall 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.99 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹87.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹68.94 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -396.5% | ||||
| Net Profit Margin | -313.5% | ||||
| 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 Hicure Pharmaceuticals Private Limited, buy the company report.
Board of directors of Hicure Pharmaceuticals Private Limited
Hicure Pharmaceuticals has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meghashyam Haridas Ladhad Also directs: Sha Kanji Devji Refineries Private Limited | Director | 17 Nov 2011 | 14 Years 11 Months | Current |
| Rahul Ramchandra Nagmule | Director | 17 Nov 2011 | 14 Years 11 Months | Current |
Auditor
Hicure Pharmaceuticals Private Limited is audited by S G SURESH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G SURESH & CO | FY 2019 | 004281S |
Shareholding
The shareholding of Hicure Pharmaceuticals Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hicure Pharmaceuticals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2016 | 100060820 | Syndicate Bank | ₹65 Lakh | Satisfied | |
| 05 May 2016 | 100049813 | Others | ₹1 Cr | Satisfied | |
| 05 Dec 2014 | 10536640 | Syndicate Bank | ₹3.75 Cr | Satisfied | |
| 04 Feb 2013 | 10401819 | Hdfc Bank Limited | ₹2.65 Cr | Satisfied | |
| 01 Feb 2013 | 10401731 | Hdfc Bank Limited | ₹2.65 Cr | Satisfied |
To see the full charge records of Hicure Pharmaceuticals Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Hicure Pharmaceuticals 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 Hicure Pharmaceuticals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hicure Pharmaceuticals has 2 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 Hicure Pharmaceuticals Private Limited, buy the company report.
Recent activity
Hicure Pharmaceuticals Private Limited has 8 board changes on record since 2009: 2 appointments and 6 cessations. The latest: Bharatkumar Nathuram Patel ceased to be Director on 28 Jul 2020.
16 earlier events are in the company report.
Frequently asked questions
Hicure Pharmaceuticals is an active private limited company based in Hubli, Karnataka, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 23 June 2003 (23+ years old) and is registered under CIN U24231KA2003PTC032145.
Hicure Pharmaceuticals has 2 current directors:
- Meghashyam Haridas Ladhad - Director
- Rahul Ramchandra Nagmule - Director
The latest financial statements of Hicure Pharmaceuticals on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 23 September 2019. Year-wise statements from 2015 are in the company report.
No. Hicure Pharmaceuticals has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Hicure Pharmaceuticals is U24231KA2003PTC032145. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hicure Pharmaceuticals was incorporated on 23 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Bharatkumar Nathuram Patel ceased to be Director on 28 Jul 2020. Pralhad Srinivasrao Huilgol ceased to be Managing Director on 29 Sep 2014. Meghashyam Haridas Ladhad ceased to be Additional Director on 15 Sep 2012. Hicure Pharmaceuticals has 8 board changes on record in total.
The registered office of Hicure Pharmaceuticals is at Sitaram Sadan Siddeshwar Nagar Unkal, Hubli, Karnataka, India – 580031.
Hicure Pharmaceuticals operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
Hicure Pharmaceuticals has no open charges and satisfied charges of ₹11.37 Cr as per latest MCA filings.