MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0082102
Time Remedies Private Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.74 Cr
▼ 16% YoY
Net loss · FY 2023
₹12.16 Lakh
Net margin -1.6%
EBITDA · FY 2023
-₹5.26 Lakh
EBITDA margin -0.7%
Authorised capital
₹16 Lakh
Registered with MCA
Paid-up capital
₹15.02 Lakh
Issued & subscribed
Satisfied charges
₹45 Lakh
No open charges
Company age
30 yrs
Est. 1996
Directors on board
2
As per MCA filings
About Time Remedies Private Limited
Data last updated:
Time Remedies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 13 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1996PTC099463. Its GSTIN is 27AAACW0800D1ZY (Maharashtra).
The company has an authorised share capital of ₹16 Lakh and a paid-up capital of ₹15.02 Lakh. It was formerly known as Windcastle Investrade Private Limited. It is led by directors Hiren Harilal Sethia and Jigar Harilal Sethia.
Its last annual general meeting (AGM) was held on 30 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.74 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹12.16 Lakh (net margin -1.6%) and EBITDA of -₹5.26 Lakh (EBITDA margin -0.7%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 20% over five years.
As per MCA filings, the company has satisfied charges of ₹45 Lakh on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending.
Time Remedies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0082102). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website timeremedies.net.
Company details
CIN U67120MH1996PTC099463
Registration Number 099463
Incorporation Date 13 May 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 December 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0082102
Recognitions & Rankings of Time Remedies
Contact details
Time Remedies Private Limited's registered office is in Mumbai, Maharashtra. Its website is timeremedies.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No.77 Ground Floor Hi – Life Mall Phirozshah Mehta Road Near Santacruz Station Sant, Acruz West, Mumbai, Maharashtra, India – 400054
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Time Remedies Private Limited, buy the company report.
Comprehensive company report
Time Remedies Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Time Remedies 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 Time Remedies Private Limited, buy the company report.
Financials of Time Remedies Private Limited
FY 2023 filings availableTime Remedies Private Limited reported revenue of ₹7.74 Cr (down 16% YoY) for FY 2023.
Revenue · FY 2023
₹7.74 Cr ▼ 16%
Net loss · FY 2023
₹12.16 Lakh margin -1.6%
EBITDA · FY 2023
-₹5.26 Lakh margin -0.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 19%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▼ 116%
3 years · compounded
▼ 34%
5 years · compounded
▼ 17%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 16% fall in the latest year. EBITDA fell 116% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.74 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.26 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.16 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.7% | ||||
| Net Profit Margin | -1.6% | ||||
| 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 Time Remedies Private Limited, buy the company report.
Board of directors of Time Remedies Private Limited
Time Remedies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiren Harilal Sethia | Director | 14 Sep 2020 | 6 Years 1 Months | Current |
| Jigar Harilal Sethia | Director | 07 Jul 2005 | 21 Years 4 Months | Current |
Auditor
Time Remedies Private Limited is audited by KAUSHAL MANISH & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAUSHAL MANISH & COMPANY | FY 2023 | 125710W |
Shareholding
The shareholding of Time Remedies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Time Remedies Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹45 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2013 | 10422375 | Indian Bank | ₹45 Lakh | Satisfied |
To see the full charge records of Time Remedies Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Time Remedies Private Limited has 7 court cases on record: 4 filed by Time Remedies, 3 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
4
Filed against the company
3
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 1 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kohinoor Medicare Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Niki Redi Care Pharma Pvt Ltd and Ors | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against Niki Redi Care Pharma Pvt Ltd. and Ors. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kohinoor Mdicare Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by M S Shree Sales Corporation | Disposed |
To see the full case history of Time Remedies 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
Time Remedies Private Limited has 18 MSME Form 1 returns on record between 2020 and 2023, listing 152 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sai Shraddha Packaging | |||
| Kaushal Manish & Co | |||
| Jash Pharma Private Limited | |||
| Dipali Enterprises Private Limited | |||
| Ukay Remedys Private Limited |
To see the full MSME payment records of Time Remedies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Time Remedies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW0800D1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Time Remedies Private Limited, buy the company report.
Recent activity
Time Remedies Private Limited has 5 board changes on record since 2005: 2 appointments and 3 cessations. The latest: Harilal Shamji Sethia ceased to be Director on 14 Mar 2021.
AGM
Time Remedies Private Limited last Annual general meeting of members was held on 30 Dec 2023 as per latest MCA records.
Filing
Time Remedies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Ceased
Harilal Shamji Sethia ceased to be Director.
Ceased
Hiren Harilal Sethia ceased to be Additional Director.
Appointed
Hiren Harilal Sethia was appointed as Director.
Charges
A charge registered on 18 Mar 2013 via Charge ID 10422375 with Indian Bank was fully satisfied on 24 Sep 2014.
Ceased
Kusum Harilal Sethia ceased to be Director.
Charges
A charge with Indian Bank amounted to Rs. 45.00 Lakh with Charge ID 10422375 was registered on 18 Mar 2013.
Appointed
Jigar Harilal Sethia was appointed as Director.
Incorporation
13 May 1996
Time Remedies Private Limited was registered on 13 May 1996 with Roc Mumbai & aged 30 years 5 months as per MCA records.
Frequently asked questions
Time Remedies is an active private limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 13 May 1996 (30+ years old) and is registered under CIN U67120MH1996PTC099463.
Time Remedies has 2 current directors:
- Hiren Harilal Sethia - Director
- Jigar Harilal Sethia - Director
The latest financial statements of Time Remedies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 December 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Time Remedies is 27AAACW0800D1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Time Remedies is U67120MH1996PTC099463. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Time Remedies has 7 court cases on record: 4 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Time Remedies was incorporated on 13 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Harilal Shamji Sethia ceased to be Director on 14 Mar 2021. Hiren Harilal Sethia ceased to be Additional Director on 31 Dec 2020. Hiren Harilal Sethia was appointed as Director on 14 Sep 2020. Time Remedies has 5 board changes on record in total.
Yes, Time Remedies is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0082102).
Time Remedies has 18 MSME Form 1 returns on record between 2020 and 2023, listing 152 overdue payments to 13 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Time Remedies can be reached through the website timeremedies.net. Its registered office is in Mumbai, Maharashtra, India.
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