About Ritemed Pharma Retail Private Limited
Data last updated:
Ritemed Pharma Retail Private Limited was a private limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Medplus Health Services Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 25 June 2009.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U52399TG2009PTC064130. Its GSTIN is 36AAECR4040G3ZK (Telangana). The company held 6 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹23 Cr and a paid-up capital of ₹23 Cr. It was led by directors Surendranath Mantena and Paidiwar Srinivas.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2017, the company reported a revenue of ₹512.79 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹11.91 Cr (net margin 2.3%) and EBITDA of ₹20.42 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years.
The company had about 1,338 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 29 cases involving the company, including 16 filed by the company and 13 filed against it; 5 cases are pending. The company has 3 deals on record (1 funding round, 1 acquisition, 1 secondary share transfer), with disclosed funding of ₹6.99 Cr; the latest was in March 2012.
The last known website on record is medplusindia.com.
Company details
CIN history
Ritemed Pharma Retail has one previous CIN (Corporate Identification Number): U52399AP2009PTC064130. The current CIN is U52399TG2009PTC064130, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52399TG2009PTC064130 | Current |
| U52399AP2009PTC064130 | Previous |
Contact details
Ritemed Pharma Retail Private Limited's registered office is in Hyderabad, Telangana. Its website is medplusindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered AddressH. No: 11 – 6 – 56 Survey No: 257 & 258/1 Opp:Idpl Railway Siding Road (Moosapet), Kukatpally, Hyderabad, Telangana, India – 500037
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Ritemed Pharma Retail 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 Ritemed Pharma Retail is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Ritemed Pharma Retail Private Limited, buy the company report.
Financials of Ritemed Pharma Retail Private Limited
FY 2016 filings availableRitemed Pharma Retail Private Limited reported revenue of ₹512.79 Cr (up 18% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over three years, including 18% growth in the latest year. EBITDA rose 80% 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 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹512.79 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹20.42 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹11.91 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4% | ||
| Net Profit Margin | 2.3% | ||
| 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 Ritemed Pharma Retail Private Limited, buy the company report.
Board of directors and KMP of Ritemed Pharma Retail Private Limited
Ritemed Pharma Retail Private Limited currently reports 2 directors and 1 key managerial person. 1 former director has served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendranath Mantena | Director | 25 Jun 2009 | 17 Years 4 Months | As last reported |
| Parag Jain Also directs: Corpahead Advisors LLP | Company Secretary | 08 Sep 2015 | 11 Years 1 Months | As last reported |
| Paidiwar Srinivas Also directs: Dureleg Manufacturing Private Limited, Sai Sridhar Pharma Private Limited, Wynclark Pharmaceuticals Private Limited and 5 more | Director | 04 Apr 2011 | 15 Years 6 Months | As last reported |
Auditor
Ritemed Pharma Retail Private Limited is audited by S R B C & CO LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2017 | 324982E |
Shareholding
The shareholding of Ritemed Pharma Retail Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ritemed Pharma Retail Private Limited, buy the company report.
Deals & funding
Ritemed Pharma Retail Private Limited has 3 deals on record (1 funding round, 1 acquisition, 1 secondary share transfer), with disclosed funding of ₹6.99 Cr; the latest was in March 2012.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Acquisition | ₹16 Cr | Buyer: Medplus Health Services Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Medplus Health Services Limited Seller: an individual |
| Mar 2010 | Funding round | ₹6.99 Cr | Investors: Peepul Capital, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ritemed Pharma Retail Private Limited has 29 court cases on record: 16 filed by Ritemed Pharma Retail, 13 filed against it. 5 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 12 | 4 |
| High courts | 1 | 1 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by individuals | Pending |
| District court, Rangareddy, Telangana | Civil suit | Filed by the company against an individual | Pending |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed by the company against an individual | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against The Official Liquidator Corporate Bhawan & Anr and 1 other | Pending |
To see the full case history of Ritemed Pharma Retail 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.
Credit ratings & regulatory alerts
Ritemed Pharma Retail Private Limited was last rated by Care on 28 Mar 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Mar 2018 |
To see the full credit ratings and regulatory alerts of Ritemed Pharma Retail Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ritemed Pharma Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ritemed Pharma Retail has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECR4040G3ZK | Telangana | Active | 26 Jul 2017 |
To see the full GST registrations and return filing status of Ritemed Pharma Retail Private Limited, buy the company report.
Recent activity
Ritemed Pharma Retail Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Parag Jain was appointed as Company Secretary on 08 Sep 2015.
News
Frequently asked questions
Ritemed Pharma Retail has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ritemed Pharma Retail was a private limited company based in Hyderabad, Telangana, India. The company worked in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 25 June 2009 and is registered under CIN U52399TG2009PTC064130. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ritemed Pharma Retail was incorporated on 25 June 2009. It is registered with the Registrar of Companies, Hyderabad.
Ritemed Pharma Retail had 3 directors and KMP:
- Surendranath Mantena - Director
- Paidiwar Srinivas - Director
- Parag Jain - Company Secretary
The CIN (Corporate Identification Number) of Ritemed Pharma Retail is U52399TG2009PTC064130. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ritemed Pharma Retail is at H. No: 11 – 6 – 56 Survey No: 257 & 2581 Opp:Idpl Railway Siding Road Moosapet, Kukatpally, Hyderabad, Telangana, India – 500037.
Ritemed Pharma Retail can be reached through the website medplusindia.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Ritemed Pharma Retail on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Ritemed Pharma Retail is 36AAECR4040G3ZK, registered in Telangana. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
Ritemed Pharma Retail operated in the pharma industry, in the pharmaceutical retailers and distributors segment.
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