Rapid Scan Systems Limited
About Rapid Scan Systems Limited
Data last updated:
Rapid Scan Systems Limited is a public limited company based in Chennai, Tamil Nadu, 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 specialized hospitals segment of the healthcare sector. It was incorporated on 21 October 1993.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U85110TN1993PLC026064.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹2.98 Cr. It is led by directors including Muthu Paramasivam (Managing Director) and Kshirsagar Sudarson Premkkumar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at B – 2 First Street Lakshmi Nagar Next To Bsnl Nanganallur, Chennai, Tamil Nadu, India – 600061.
As per the financials filed for FY 2020, the company reported a revenue of ₹7.92 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹1.39 Lakh (net margin -17.5%) and EBITDA of -₹1.39 Lakh (EBITDA margin -17.5%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 34% over five years.
As per MCA filings, the company has satisfied charges of ₹1.72 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Rapid Scan Systems Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 2 First Street Lakshmi Nagar Next To Bsnl Nanganallur, Chennai, Tamil Nadu, India – 600061
- IndustryHealthcare, Specialized Hospitals, Human Health Activities
To see the full contact details of Rapid Scan Systems 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 Rapid Scan Systems Limited
FY 2020 filings availableRapid Scan Systems Limited reported revenue of ₹7.92 Lakh (down 22% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 34%. EBITDA fell 345% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.92 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.39 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.39 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -17.5% | ||||
| Net Profit Margin | -17.5% | ||||
| 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 | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Rapid Scan Systems Limited, buy the company report.
Board of directors of Rapid Scan Systems Limited
Rapid Scan Systems has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthu Paramasivam Also directs: Dream Minds LLP, Vikaarte Foods Private Limited, Simmaa Ventures Private Limited and 3 more | Managing Director | 21 Oct 1993 | 33 Years 0 Months | As last reported |
| Kshirsagar Sudarson Premkkumar | Director | 21 Oct 1993 | 33 Years 0 Months | As last reported |
| Shrinivas Govindaraju | Director | 21 Oct 1993 | 33 Years 0 Months | As last reported |
Shareholding
The shareholding of Rapid Scan Systems Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rapid Scan Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2007 | 10045731 | Tamilnad Mercantile Bank Limited | ₹8 Lakh | Satisfied | |
| 31 Dec 1997 | 90281496 | The Tamil Nadu Industrial Investment Corp. Ltd. | ₹19.8 Lakh | Satisfied | |
| 15 Jun 1996 | 90284379 | M/S. Dhandapani Finance & Investments Ltd. | ₹1.59 Lakh | Satisfied | |
| 11 Jan 1994 | 90281798 | Indian Overseas Bank | ₹1.43 Cr | Satisfied |
To see the full charge records of Rapid Scan Systems Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Rapid Scan Systems Limited has 1 court case on record: 1 filed by Rapid Scan Systems. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Rapid Scan Systems 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 Rapid Scan Systems 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 Rapid Scan Systems Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Rapid Scan Systems Limited has 3 board changes on record since 1993: 3 appointments. The latest: Kshirsagar Sudarson Premkkumar was appointed as Director on 21 Oct 1993.
3 earlier events are in the company report.
Frequently asked questions
Rapid Scan Systems 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.
Rapid Scan Systems is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in specialized hospitals, within the healthcare industry. It was incorporated on 21 October 1993 and is registered under CIN U85110TN1993PLC026064. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rapid Scan Systems has 3 current directors:
- Muthu Paramasivam - Managing Director
- Kshirsagar Sudarson Premkkumar - Director
- Shrinivas Govindaraju - Director
The latest financial statements of Rapid Scan Systems on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rapid Scan Systems is U85110TN1993PLC026064. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rapid Scan Systems has no open charges and satisfied charges of ₹1.72 Cr as per latest MCA filings.
Rapid Scan Systems has 1 court case on record: 1 filed by the company.
Rapid Scan Systems was incorporated on 21 October 1993. It is registered with the Registrar of Companies, Chennai.
Kshirsagar Sudarson Premkkumar was appointed as Director on 21 Oct 1993. Muthu Paramasivam was appointed as Managing Director on 21 Oct 1993. Shrinivas Govindaraju was appointed as Director on 21 Oct 1993.
The registered office of Rapid Scan Systems is at B – 2 First Street Lakshmi Nagar Next To Bsnl Nanganallur, Chennai, Tamil Nadu, India – 600061.