About C. Mahendra Exports Limited
Data last updated:
C. Mahendra Exports Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 04 January 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L27205MH2007PLC166717. The company has 4 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹73.07 Cr. It was formerly known as C. Mahendra Exports Private Limited. It is led by directors Mahendra Chandulal Shah (Managing Director) and Naresh Ghai.
Its last annual general meeting (AGM) was held on 26 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2014, the company reported a revenue of ₹2,041.28 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹122.6 Cr (net margin 6%) and EBITDA of ₹209.33 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹4,416.4 Cr and satisfied charges of ₹1,131.5 Cr on record. Court records list 56 cases involving the company, including 19 filed by the company and 37 filed against it; 17 cases are pending. The company has 22 deals on record (20 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹13.31 Cr; the latest was in November 2015.
The last known website on record is cmahendra.com.
Company details
CIN history
C. Mahendra Exports has one previous CIN (Corporate Identification Number): U27205MH2007PLC166717. The current CIN is L27205MH2007PLC166717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27205MH2007PLC166717 | Current |
| U27205MH2007PLC166717 | Previous |
Contact details
C. Mahendra Exports Limited's registered office is in Mumbai, Maharashtra. Its website is cmahendra.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressTower 'C' Office No. Cc – 6011 Bharat Diamond Bourse Bandra Kurla Complex Bandra(East) Mumb, Ai – 400 051, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of C. Mahendra Exports 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
Financials of C. Mahendra Exports Limited
FY 2015 filings availableC. Mahendra Exports Limited reported revenue of ₹2,041.28 Cr (down 3% YoY) for FY 2014.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 19% 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 2013-14 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹2,041.28 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹209.33 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹122.6 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 2013-14 |
|---|---|
| Profitability | |
| EBITDA Margin | 10.3% |
| Net Profit Margin | 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 C. Mahendra Exports Limited, buy the company report.
Board of directors of C. Mahendra Exports Limited
C. Mahendra Exports has 2 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Chandulal Shah Also directs: C Mahendra International Ltd | Managing Director | 04 Jan 2007 | 19 Years 9 Months | As last reported |
| Naresh Ghai | Director | 08 Jul 2016 | 10 Years 3 Months | As last reported |
Shareholding
The shareholding of C. Mahendra Exports Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of C. Mahendra Exports Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2014 | 10488930 | Corporation Bank | ₹5 Cr | Open | |
| 16 Nov 2013 | 10467456 | Bank of Baroda Acting on Behalf of Bank of Baroda Consortium of Banks | ₹1,108.05 Cr | Open | |
| 29 Oct 2013 | 10467322 | Bank of Baroda Acting on Behalf of Bank of Baroda Consortium of Banks | ₹1,108.05 Cr | Open | |
| 14 Aug 2013 | 10452472 | Canara Bank | ₹5.8 Cr | Open | |
| 13 Aug 2013 | 10447375 | State Bank of Bikaner and Jaipur | ₹5 Cr | Open |
To see the full charge records of C. Mahendra Exports Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
C. Mahendra Exports Limited has 22 deals on record (20 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹13.31 Cr; the latest was in November 2015.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2015 | Market trade | ₹12.4 Lakh | Buyer: Sashwat Diamonds Private Limited Seller: V J Comtrade Private Limited |
| Nov 2015 | Market trade | ₹9 Lakh | Buyer: Sashwat Diamonds Private Limited |
| Sep 2014 | Market trade | ₹9.69 Cr | Buyer: Shreevishwamurte Tradinvest Private Limited, Gajanan Enterprises, Marwadi Shares and Finance Limited Seller: Shreevishwamurte Tradinvest Private Limited, Gajanan Enterprises, Marwadi Shares and Finance Limited |
| Jan 2013 | Funding round | ₹13.31 Cr | Investors: Bennett Coleman and Co. Ltd. |
| Apr 2011 | Market trade | ₹14.52 Cr | Buyer: Crosseas Capital Markets Private Limited Seller: Crosseas Capital Markets Private Limited |
To see the full deal history of C. Mahendra Exports Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
C. Mahendra Exports Limited has 56 court cases on record: 19 filed by C. Mahendra Exports, 37 filed against it. 17 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 17 | 14 |
| District courts | 21 | 18 | 3 |
| NCLAT | 4 | 2 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Bank of Baroda Through Its Authorized Officer Prashanth Kamath N | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd, Rep by D. Shyam Kumar Reddy | Pending |
| High Court, MAHARASHTRA | Court case (S) | Filed by the company against Invent Arc Pvt Ltd.1 and 11 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against United India Insurance Company Limited and Anr | Pending |
| Bombay High Court | Court case (NMA) | Filed against the company by United India Insurance Company Ltd. | Pending |
To see the full case history of C. Mahendra Exports 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
C. Mahendra Exports Limited was last rated by Icra on 22 Jun 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Jun 2015 |
To see the full credit ratings and regulatory alerts of C. Mahendra Exports Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for C. Mahendra Exports Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
C. Mahendra Exports has 2 subsidiary companies and 20 associated companies. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| C Mahendra International Ltd | U36911MH1994PLC077071 | |
| C Mahendra International Ltd | U36911MH1994PLC077071 |
To see the full group structure of C. Mahendra Exports Limited, buy the company report.
Employees & EPFO
C. Mahendra Exports Limited has 1 active EPFO establishment as of Apr 03, 2024.
GST
C. Mahendra Exports has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of C. Mahendra Exports Limited, buy the company report.
Recent activity
C. Mahendra Exports Limited has 32 board changes on record since 2007: 17 appointments and 15 cessations. The latest: Chetan Nagraj Bafna ceased to be Additional Director on 21 May 2018.
80 earlier events are in the company report.
Frequently asked questions
C. Mahendra Exports is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
C. Mahendra Exports is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 04 January 2007 and is registered under CIN L27205MH2007PLC166717. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
C. Mahendra Exports has 2 current directors:
- Mahendra Chandulal Shah - Managing Director
- Naresh Ghai - Director
The latest financial statements of C. Mahendra Exports on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 26 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of C. Mahendra Exports is L27205MH2007PLC166717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
C. Mahendra Exports is recorded as a listed company by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
C. Mahendra Exports has open charges of ₹4,416.4 Cr and satisfied charges of ₹1,131.5 Cr as per latest MCA filings.
C. Mahendra Exports has 56 court cases on record: 19 filed by the company and 37 filed against it. 17 are pending. Most are in the high courts.
C. Mahendra Exports was incorporated on 04 January 2007. It is registered with the Registrar of Companies, Mumbai.
C. Mahendra Exports has 22 deals on record (20 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹13.31 Cr; the latest was in November 2015.