Reach Medical Systems Private Limited

Medical supply company specializing in sales, imports, exports, and distribution of products and equipment.

2018 | Vijayawada, Andhra Pradesh (India) | Active
Last Updated: July 16, 2024

Reach Medical Systems Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 4.00 Cr
  • Company Age 6 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 15.05 Cr
  • Revenue Growth -20.81%
  • Profit Growth -102.70%
  • Ebitda -19.39%
  • Net Worth 49.59%
  • Total Assets 13.30%

About Reach Medical Systems

Reach Medical Systems Private Limited (RMSPL) is a Private Limited Indian Non-Government Company incorporated in India on 28 December 2018 (Six years and one month 12 days old ). Its registered office is in Vijayawada, Andhra Pradesh, India.

The Company is engaged in the Healthcare Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 4.00 Cr.

The company currently has active open charges totaling ₹15.05 Cr.

Keerthi Maradani, Shyla Regina, Chamundeswari Maradani, and Two other members serve as directors at the Company.

Company Details

  • Location

    Vijayawada, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U85100AP2018PTC110089

  • Company No.

    110089

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Dec 2018

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Healthcare

Who are the key members and board of directors at Reach Medical Systems?

Board Members (5)

Name Designation Appointment Date Status
Keerthi Maradani Country flag representing In Additional Director 02-May-2022 Current
Shyla Regina Country flag representing In Director 28-Dec-2018 Current
Chamundeswari Maradani Country flag representing In Director 28-Dec-2018 Current
Harry Xavier Country flag representing In Director 28-Dec-2018 Current
Ananda Maradani Country flag representing In Director 28-Dec-2018 Current

Financial Performance of Reach Medical Systems.

Reach Medical Systems Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 20.81% decrease. The company also saw a substantial fall in profitability, with a 102.7% decrease in profit. The company's net worth Soared by an impressive increase of 49.59%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
-20.81%
Revenue from Operations
-20.85%
Total Assets
13.30%
Profit or Loss
-102.70%
Net Worth
49.59%
EBITDA
-19.39%

What is the Ownership and Shareholding Structure of Reach Medical Systems?

In 2023, Reach Medical Systems had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹15.05 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 13.58 Cr
  • Others : 1.47 Cr

Latest Charge Details

Date Lender Amount Status
10 Jan 2024 Others ₹5.00 M Open
18 Dec 2023 Others ₹4.74 M Open
06 Nov 2023 Others ₹5.00 M Open
25 Apr 2022 State Bank Of India ₹13.58 Cr Open

How Many Employees Work at Reach Medical Systems?

Unlock and access historical data on people associated with Reach Medical Systems, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Reach Medical Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Reach Medical Systems's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Reach Medical Systems

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100850359 was registered on 10 Jan 2024.

    10 Jan 2024

  • Charges

    A charge with Others amounted to Rs. 0.47 Cr with Charge ID 100848593 was registered on 18 Dec 2023.

    18 Dec 2023

  • Charges

    A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100846036 was registered on 06 Nov 2023.

    06 Nov 2023

  • Annual General Meeting

    Reach Medical Systems Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Reach Medical Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.

    31 Mar 2023

  • Charges

    A charge with State Bank Of India of Rs. 13.58 Cr registered on 25 Apr 2022 with Charge ID 100571635 was modified on 16 Jul 2022.

    16 Jul 2022

Frequently asked questions

  • Reach Medical Systems Private Limited was incorporated on 28 Dec 2018.

  • The authorized share capital of Reach Medical Systems Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.00 Cr.

  • Currently 5 directors are associated with Reach Medical Systems Private Limited.

    • Keerthi Kanth Maradani
    • Shyla Regina
    • Chamundeswari Maradani
    • Harry Anthony Mariyan Xavier
    • Ananda Rao Maradani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Reach Medical Systems Private Limited is H No 59A -10-3 Pno 34 Road No 1 K P Nagar, Vijayawada, Andhra Pradesh, India, 520008.

  • The corporate identification number (CIN) of Reach Medical Systems Private Limited is U85100AP2018PTC110089 and the company number is 110089 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Reach Medical Systems Private Limited has fallen by -20.81%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Reach Medical Systems Private Limited has experienced an upsurge of 49.59%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Reach Medical Systems Private Limited amount to ₹ 15.05 Cr.

  • The most recent Balance Sheet for Reach Medical Systems Private Limited was filed with the ROC on 31 Mar 2023.