Apex Mercantile Polyfilms Private Limited
About Apex Mercantile Polyfilms Private Limited
Data last updated:
Apex Mercantile Polyfilms Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 07 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2011PTC218423. Its GSTIN is 26AAJCA5331L1ZK (Dadra and Nagar Haveli and Daman and Diu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Apex Marcantile Polyfilms Private Limited. It is led by directors including Manavi Manjrekar Ashish and Ashish Hemchandra Manjrekar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at C – 5 New Poonam Baug Nariman Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2019, the company reported a revenue of ₹85.19 Lakh, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹10.39 Lakh (net margin -12.2%) and EBITDA of -₹9.58 Lakh (EBITDA margin -11.3%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹10 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Apex Mercantile Polyfilms Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressC – 5 New Poonam Baug Nariman Road Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Apex Mercantile Polyfilms 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 Apex Mercantile Polyfilms is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Apex Mercantile Polyfilms Private Limited, buy the company report.
Financials of Apex Mercantile Polyfilms Private Limited
FY 2019 filings availableApex Mercantile Polyfilms Private Limited reported revenue of ₹85.19 Lakh (down 36% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 36% fall in the latest year. EBITDA fell 548% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹85.19 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.39 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.3% | ||||
| Net Profit Margin | -12.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Apex Mercantile Polyfilms Private Limited, buy the company report.
Board of directors of Apex Mercantile Polyfilms Private Limited
Apex Mercantile Polyfilms has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankarsing Jagdishsingh Parmar Also directs: Sainath Express Service Private Limited | Additional Director | 30 Jan 2016 | 10 Years 9 Months | Current |
| Manavi Manjrekar Ashish | Director | 10 Sep 2013 | 13 Years 1 Months | Current |
| Ashish Hemchandra Manjrekar | Director | 07 Jun 2011 | 15 Years 5 Months | Current |
| Virjibhai Mansinghbhai Mahiyal | Director | 30 Jan 2016 | 10 Years 9 Months | Current |
Auditor
Apex Mercantile Polyfilms Private Limited is audited by SHRIPAD KULKARNI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHRIPAD KULKARNI & CO | FY 2019 | 125772W |
Shareholding
The shareholding of Apex Mercantile Polyfilms Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Apex Mercantile Polyfilms Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jun 2012 | 10381331 | The City Co-Operative Bank Limited | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Apex Mercantile Polyfilms Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by an individual | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Apex Mercantile Polyfilms 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 Apex Mercantile Polyfilms Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Apex Mercantile Polyfilms has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAJCA5331L1ZK | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Apex Mercantile Polyfilms Private Limited, buy the company report.
Recent activity
Apex Mercantile Polyfilms Private Limited has 12 board changes on record since 2011: 4 appointments and 8 cessations. The latest: Dhruv Kiritbhai Brahmbhatt ceased to be Additional Director on 31 Dec 2017.
4 earlier events are in the company report.
Frequently asked questions
Apex Mercantile Polyfilms is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 07 June 2011 (15+ years old) and is registered under CIN U74120MH2011PTC218423.
Apex Mercantile Polyfilms has 4 current directors:
- Shankarsing Jagdishsingh Parmar - Additional Director
- Manavi Manjrekar Ashish - Director
- Ashish Hemchandra Manjrekar - Director
- Virjibhai Mansinghbhai Mahiyal - Director
The latest financial statements of Apex Mercantile Polyfilms on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Apex Mercantile Polyfilms is 26AAJCA5331L1ZK, registered in Dadra and Nagar Haveli and Daman and Diu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Apex Mercantile Polyfilms is U74120MH2011PTC218423. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apex Mercantile Polyfilms has 2 court cases on record: 2 filed against it.
Apex Mercantile Polyfilms was incorporated on 07 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Dhruv Kiritbhai Brahmbhatt ceased to be Additional Director on 31 Dec 2017. Parth Sureshchandra Brahmbhatt ceased to be Additional Director on 31 Dec 2017. Siddharth Sureshkumar Brahmbhatt ceased to be Additional Director on 31 Dec 2017. Apex Mercantile Polyfilms has 12 board changes on record in total.
The registered office of Apex Mercantile Polyfilms is at C – 5 New Poonam Baug Nariman Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
Apex Mercantile Polyfilms operates in the home and lifestyle industry, in the textile retail and distribution segment.
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