About Terrene Pharma Private Limited
Data last updated:
Terrene Pharma Private Limited is a private limited company based in Vadodara, Gujarat, 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 medical consumables and supplies segment of the healthcare sector. It was incorporated on 20 June 2005.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2005PTC046275. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.47 Cr. It is led by directors including Devang Chandrakant Patel (Managing Director) and Bhavin Patel (Whole-Time Director).
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 Plot No. E 19 – 21 Epip Zone Manjusar GIDC Ta: Savli, Vadodara, Gujarat, India – 391770.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.64 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹3.52 Cr (net margin -62.4%) and EBITDA of ₹37.54 Lakh (EBITDA margin 6.7%).
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹39.19 Cr and satisfied charges of ₹64.15 Cr on record. Court records list 21 cases involving the company, including 5 filed by the company and 17 filed against it; 3 cases are pending.
The last known website on record is terrenepharma.com.
Company details
Contact details
Terrene Pharma Private Limited's registered office is in Vadodara, Gujarat. Its website is terrenepharma.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. E 19 – 21 Epip Zone Manjusar GIDC Ta: Savli, Vadodara, Gujarat, India – 391770
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Terrene Pharma 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 Terrene Pharma is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Terrene Pharma Private Limited, buy the company report.
Financials of Terrene Pharma Private Limited
FY 2017 filings availableTerrene Pharma Private Limited reported revenue of ₹5.64 Cr (down 49% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 49% in the latest year. EBITDA fell 89% in the latest 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 | ₹5.64 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹37.54 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹3.52 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 | 6.7% | ||
| Net Profit Margin | -62.4% | ||
| 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 Terrene Pharma Private Limited, buy the company report.
Board of directors of Terrene Pharma Private Limited
Terrene Pharma has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrakant Chhotalal Patel | Director | 26 Jan 2012 | 14 Years 9 Months | As last reported |
| Bhavin Patel | Whole-Time Director | 10 Oct 2010 | 16 Years 0 Months | As last reported |
| Devang Chandrakant Patel Also directs: SC Pharma Supply Private Limited | Managing Director | 20 Jun 2005 | 21 Years 4 Months | As last reported |
Auditor
Terrene Pharma Private Limited is audited by K A SHAH & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A SHAH & CO | FY 2017 | 109625W |
Shareholding
The shareholding of Terrene Pharma 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 Terrene Pharma Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2016 | 10626572 | Small Industries Development Bank of India | ₹2 Cr | Open | |
| 20 Aug 2015 | 10588917 | The Karur Vysya Bank Limited | ₹18.6 Cr | Open | |
| 19 Jun 2015 | 10588915 | The Karur Vysya Bank Limited | ₹18.6 Cr | Open | |
| 24 Mar 2014 | 10502515 | The Co-Operative Bank of Rajkot Limited | ₹22.01 Cr | Satisfied | |
| 26 Dec 2013 | 10475075 | The Co-Operative Bank of Rajkot Limited | ₹9.5 Cr | Satisfied |
To see the full charge records of Terrene Pharma Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Terrene Pharma Private Limited has 21 court cases on record: 5 filed by Terrene Pharma, 17 filed against it. 3 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 15 | 1 |
| NCLT | 5 | 2 | 2 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Bhupendra Singh Narayansingh Rajput Liquidator of Terrene Pharma Private Limited | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Terrene Pharma Pvt. Ltd and 1 other | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Kotak Mahindra Prime Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Suvira Utility Services (Pvt.) Ltd. | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Kotak Mahindra Prime Ltd | Disposed |
To see the full case history of Terrene Pharma 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 Terrene Pharma Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Terrene Pharma Private Limited has a workforce of 23 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Terrene Pharma has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Terrene Pharma Private Limited, buy the company report.
Recent activity
Terrene Pharma Private Limited has 13 board changes on record since 2005: 3 appointments and 10 cessations. The latest: Pinak Rasikbhai Gondalia ceased to be Director on 16 Feb 2017.
28 earlier events are in the company report.
Frequently asked questions
Terrene Pharma 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.
Terrene Pharma is a company under liquidation, formerly operating as a private limited company based in Vadodara, Gujarat, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 20 June 2005 and is registered under CIN U24230GJ2005PTC046275. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Terrene Pharma has 3 current directors:
- Devang Chandrakant Patel - Managing Director
- Bhavin Patel - Whole-Time Director
- Chandrakant Chhotalal Patel - Director
The latest financial statements of Terrene Pharma 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 Terrene Pharma is U24230GJ2005PTC046275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Terrene Pharma has open charges of ₹39.19 Cr and satisfied charges of ₹64.15 Cr as per latest MCA filings.
Terrene Pharma has 21 court cases on record: 5 filed by the company and 17 filed against it. 3 are pending. Most are in the district courts.
Terrene Pharma was incorporated on 20 June 2005. It is registered with the Registrar of Companies, Ahmedabad.
Pinak Rasikbhai Gondalia ceased to be Director on 16 Feb 2017. Rasik Gondalia ceased to be Director on 16 Feb 2017. Yajnik Prashant Harvadanlal ceased to be Director on 27 May 2013. Terrene Pharma has 13 board changes on record in total.
Terrene Pharma can be reached through the website terrenepharma.com. Its registered office is in Vadodara, Gujarat, India.
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