Atlantis Lifesciences Private Limited
About Atlantis Lifesciences Private Limited
Data last updated:
Atlantis Lifesciences Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 22 December 1988.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1988PTC050132. Its GSTIN is 27AAACU4337M1Z1 (Maharashtra).
The company had an authorised share capital of ₹65 Lakh and a paid-up capital of ₹52.35 Lakh. It was formerly known as Unity Pharma Private Limited. It was led by directors Dilip Muchhala and Rajendra Dahyabhai Patel.
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 was at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.47 Cr, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹12.74 Lakh (net margin -2.3%) and EBITDA of ₹8.89 Lakh (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years.
As per MCA filings, the company had open charges of ₹16.1 Cr and satisfied charges of ₹1.01 Cr on record. Court records list 21 cases involving the company, including 11 filed by the company and 10 filed against it; 4 cases are pending.
Company details
Contact details
Atlantis Lifesciences Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 4 The Gorai Indraprastha Chsl Rsc – 37 Gillary Gunj Plot No – 90 Gorai – 2 Boriv, Ali (W), Mumbai, Maharashtra, India – 400092
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Atlantis Lifesciences 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 Atlantis Lifesciences 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 Atlantis Lifesciences Private Limited, buy the company report.
Financials of Atlantis Lifesciences Private Limited
FY 2017 filings availableAtlantis Lifesciences Private Limited reported revenue of ₹5.47 Cr (down 85% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over three years, including a 85% fall in the latest year. EBITDA fell 91% 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 | ₹5.47 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹8.89 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹12.74 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 | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.6% | ||
| 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 Atlantis Lifesciences Private Limited, buy the company report.
Board of directors of Atlantis Lifesciences Private Limited
Atlantis Lifesciences has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Dahyabhai Patel Also directs: Excel Biolife Private Limited | Additional Director | 25 Apr 2018 | 8 Years 6 Months | As last reported |
| Dilip Muchhala | Director | 07 Jul 2012 | 14 Years 3 Months | As last reported |
Auditor
Atlantis Lifesciences Private Limited is audited by SUNIL M JAIN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNIL M JAIN & ASSOCIATES | FY 2017 | 110590W |
Shareholding
The shareholding of Atlantis Lifesciences Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Atlantis Lifesciences Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2011 | 10286558 | Bank of Baroda | ₹7 Lakh | Open | |
| 30 Mar 2011 | 10286479 | Bank of Baroda | ₹4.5 Lakh | Open | |
| 02 Dec 2010 | 10264814 | Bank of Baroda | ₹7.31 Cr | Open | |
| 31 Aug 2010 | 10247167 | Bank of Baroda | ₹8.67 Cr | Open | |
| 12 Oct 1996 | 80060501 | Canara Bank | ₹20 Lakh | Satisfied |
To see the full charge records of Atlantis Lifesciences Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Atlantis Lifesciences Private Limited has 21 court cases on record: 11 filed by Atlantis Lifesciences, 10 filed against it. 4 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 1 | 2 |
| District courts | 10 | 9 | 2 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by Pradeep Shetye Pvt. Ltd. Though Kailas Vitthal Patil | Pending |
| Bombay High Court | Writ petition | Filed by the company against M/S. Pradeep Shetye Pvt. Ltd. and Anr | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Serum Institute of India Ltd. | Disposed |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by Pradeep Shetye Pvt.Ltd. | Disposed |
| Bombay High Court | Court case (CHOL) | Filed by the company against Trigram Ltd. and Ors. | Pending |
To see the full case history of Atlantis Lifesciences 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
Atlantis Lifesciences Private Limited was last rated by Icra on 11 Aug 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 11 Aug 2015 |
To see the full credit ratings and regulatory alerts of Atlantis Lifesciences Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Atlantis Lifesciences Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Atlantis Lifesciences has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU4337M1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Atlantis Lifesciences Private Limited, buy the company report.
Recent activity
Atlantis Lifesciences Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Rajendra Dahyabhai Patel was appointed as Additional Director on 25 Apr 2018.
15 earlier events are in the company report.
Frequently asked questions
Atlantis Lifesciences has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Atlantis Lifesciences was a private limited company based in Mumbai, Maharashtra, India. The company worked in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 22 December 1988 and is registered under CIN U24230MH1988PTC050132. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Atlantis Lifesciences was incorporated on 22 December 1988. It is registered with the Registrar of Companies, Mumbai.
Atlantis Lifesciences had 2 directors:
- Rajendra Dahyabhai Patel - Additional Director
- Dilip Muchhala - Director
The CIN (Corporate Identification Number) of Atlantis Lifesciences is U24230MH1988PTC050132. 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 Atlantis Lifesciences is at Shop No. 4 The Gorai Indraprastha Chsl Rsc – 37 Gillary Gunj Plot No – 90 Gorai – 2 Boriv, Ali W, Mumbai, Maharashtra, India – 400092.
The latest financial statements of Atlantis Lifesciences 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 GSTIN of Atlantis Lifesciences is 27AAACU4337M1Z1, registered in Maharashtra.
Atlantis Lifesciences operated in the pharma industry, in the pharmaceutical retailers and distributors segment.
Atlantis Lifesciences has 21 court cases on record: 11 filed by the company and 10 filed against it. 4 are pending. Most are in the high courts.