Latur Medichem Private Limited
About Latur Medichem Private Limited
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Latur Medichem Private Limited is a private limited company based in Latur, Maharashtra, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 23 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24231MH2001PTC130985. Its GSTIN is 27AAACL7098Q1ZM (Maharashtra).
The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹2.98 Lakh. It is led by directors including Atul Subhash Gund and Apurva Sudhir Shah.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Shop No. 58 Gandhi Market, Latur, Maharashtra, India – 413512.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.63 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹4.27 Lakh (net margin -2.6%) and EBITDA of -₹3.92 Lakh (EBITDA margin -2.4%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹58.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Latur Medichem Private Limited's registered office is in Latur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 58 Gandhi Market, Latur, Maharashtra, India – 413512
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Latur Medichem 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 Latur Medichem is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Latur Medichem Private Limited, buy the company report.
Financials of Latur Medichem Private Limited
FY 2022 filings availableLatur Medichem Private Limited reported revenue of ₹1.63 Cr (up 13% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 179% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.27 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.4% | ||||
| Net Profit Margin | -2.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Latur Medichem Private Limited, buy the company report.
Board of directors of Latur Medichem Private Limited
Latur Medichem has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Subhash Gund | Additional Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Apurva Sudhir Shah Also directs: Miraj Nuclear Medicine and Molecular Imaging Center LLP, Way 2 Health Express LLP, Think Tank Bizserve LLP and 5 more | Additional Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Nitin Ambrish Avate | Additional Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Sandeep Bhogilal Shah | Additional Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Vinay Gund Mohan Also directs: Heartcare Medical Services LLP, Venus Leisure (India) Limited | Additional Director | 22 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Latur Medichem Private Limited is compared with the 3 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Haigreve Impex Private Limited | ₹1.64 Cr (FY 2025) | 1.0% | Thane, Maharashtra, India | |||
| Finex Healthcare Private Limited | ₹1.64 Cr (FY 2020) | 15.0% | Malerkotla, Punjab, India | |||
| Latur Medichem Private Limitedthis company | ₹1.63 Cr (FY 2022) | -₹4.27 Lakh | -2.6% | 13.0% | Latur, Maharashtra, India | |
| Sanare Medical Private Limited | ₹1.63 Cr (FY 2024) | 194.0% | Gurugram, Haryana, India |
To see the full peer comparison of Latur Medichem Private Limited, buy the company report.
Shareholding
The shareholding of Latur Medichem Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Latur Medichem Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2019 | 100306283 | Others | ₹58.5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Latur Medichem 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 Latur Medichem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Latur Medichem has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL7098Q1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Latur Medichem Private Limited, buy the company report.
Recent activity
Latur Medichem Private Limited has 11 board changes on record since 2019: 5 appointments and 6 cessations. The latest: Pravin Padmakarrao Desai ceased to be Additional Director on 24 Nov 2021.
3 earlier events are in the company report.
Frequently asked questions
Latur Medichem is an active private limited company based in Latur, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 23 February 2001 (25+ years old) and is registered under CIN U24231MH2001PTC130985.
Latur Medichem has 5 current directors:
- Atul Subhash Gund - Additional Director
- Apurva Sudhir Shah - Additional Director
- Nitin Ambrish Avate - Additional Director
- Sandeep Bhogilal Shah - Additional Director
- Vinay Gund Mohan - Additional Director
The latest financial statements of Latur Medichem on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Latur Medichem is 27AAACL7098Q1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Latur Medichem is U24231MH2001PTC130985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Latur Medichem was incorporated on 23 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Latur Medichem by revenue are Haigreve Impex Private Limited, Finex Healthcare Private Limited, Sanare Medical Private Limited, all in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Pravin Padmakarrao Desai ceased to be Additional Director on 24 Nov 2021. Apurva Sudhir Shah was appointed as Additional Director on 22 Nov 2021. Atul Subhash Gund was appointed as Additional Director on 22 Nov 2021. Latur Medichem has 11 board changes on record in total.
The registered office of Latur Medichem is at Shop No. 58 Gandhi Market, Latur, Maharashtra, India – 413512.
Latur Medichem operates in the healthcare industry, in the medical equipment retail and distribution segment.
Latur Medichem has open charges of ₹58.5 Lakh and no satisfied charges on record as per latest MCA filings.
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