About Eastern Condiments Private Limited
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Eastern Condiments Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Mtr Foods Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 17 August 1989.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U15499KA1989PTC153490. Its GSTIN is 29AAACE5276F1ZK (Karnataka). The company held 14 GST registrations, of which 13 are active.
The company had an authorised share capital of ₹59 Cr and a paid-up capital of ₹9.66 Cr. It was led by directors including Navas Manalumparayil Meeran (Whole-Time Director) and Sanjay Sharma.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹874.59 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹53.38 Cr (net margin 6.1%) and EBITDA of ₹75.31 Cr (EBITDA margin 8.6%).
The company had about 2,062 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
The company was associated with 1 brand: Eastern Condiments. As per MCA filings, the company had satisfied charges of ₹616.37 Cr on record. Court records list 237 cases involving the company, including 113 filed by the company and 124 filed against it; 111 cases are pending. The company has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹37.2 Cr; the latest was in March 2021. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 322 overdue payments to 104 micro and small suppliers.
The last known website on record is eastern.in.
Company details
CIN history
Eastern Condiments has one previous CIN (Corporate Identification Number): U15499KL1989PTC005449. The current CIN is U15499KA1989PTC153490, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15499KA1989PTC153490 | Current |
| U15499KL1989PTC005449 | Previous |
Contact details
Eastern Condiments Private Limited's registered office is in Bangalore, Karnataka. Its website is eastern.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.1 2nd And 3rd Floor 100 Feet Inner Ring Road Ejipura Ashwini Layout, Vivek Nagar India, Bangalore, Karnataka, India – 560047
- IndustryFood and Beverages, Spice Manufacturing & Distribution
To see the full contact details of Eastern Condiments 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
Brands
Eastern Condiments operates one associated brand: Eastern Condiments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Spices, condiments, pickles, and beverages are manufactured and distributed. | eastern.in |
Financials of Eastern Condiments Private Limited
FY 2022 filings availableEastern Condiments Private Limited reported revenue of ₹874.59 Cr (down 4% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year. EBITDA fell 35% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Expenses | |||||
| EBITDA | ₹75.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹53.38 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 6.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Eastern Condiments Private Limited, buy the company report.
Board of directors of Eastern Condiments Private Limited
Eastern Condiments has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navas Manalumparayil Meeran | Whole-Time Director | 01 Oct 2004 | 22 Years 1 Months | As last reported |
| Sanjay Sharma Also directs: Orkla India Limited, Pot Ful India Private Limited | Director | 31 Mar 2021 | 5 Years 7 Months | As last reported |
| Feroz Meeran Also directs: Menma Cosmetics LLP, Eastea Chai Private Limited, Eastern Mattresses Private Limited and 5 more | Director | 30 Sep 2005 | 21 Years 1 Months | As last reported |
| Ankur Kumar Bhaumik | Director | 31 Mar 2021 | 5 Years 7 Months | As last reported |
| Claes Johan Wilhelmsson | Director | 31 Mar 2021 | 5 Years 7 Months | As last reported |
Auditor
Eastern Condiments Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2022 | 101049W/E300004 |
Shareholding
The shareholding of Eastern Condiments Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Eastern Condiments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2019 | 100314835 | Others | ₹23.98 Cr | Satisfied | |
| 30 Sep 2019 | 100297477 | Others | ₹30 Cr | Satisfied | |
| 22 Jun 2018 | 100185435 | Standard Chartered Bank | ₹33 Cr | Satisfied | |
| 31 Aug 2016 | 100057009 | Others | ₹20 Cr | Satisfied | |
| 02 Jul 2016 | 100046226 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Cr | Satisfied |
To see the full charge records of Eastern Condiments Private Limited, buy the company report.
Total charge records: 39 View all charges
Deals & funding
Eastern Condiments Private Limited has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹37.2 Cr; the latest was in March 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Acquisition | ₹1,274.38 Cr | Buyer: MTR Seed Fund Seller: Mccormick Ingredients South East Asia Pte Limited, 3 individuals |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: Mccormick Ingredients South East Asia Pte Limited Seller: New Vernon Private Equity, 3 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2006 | Funding round | ₹37.2 Cr | Investors: New Vernon Private Equity |
To see the full deal history of Eastern Condiments Private 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
Eastern Condiments Private Limited has 237 court cases on record: 113 filed by Eastern Condiments, 124 filed against it. 111 cases are pending and 126 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 128 | 37 | 57 |
| District courts | 103 | 83 | 53 |
| Supreme Court | 5 | 4 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 237)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Alappuzha, Kerala | Criminal complaint | Filed against the company | Pending |
| High Court of Kerala | Court case (Crl.MC) | Filed by the company | Pending |
| High Court of Kerala | Writ petition | Filed by the company against State of Kerala | Pending |
| High Court of Kerala | Court case (Crl.MC) | Filed against the company | Pending |
| District court, Thrissur, Kerala | Court case (OP MV) | Filed against the company by an individual | Pending |
To see the full case history of Eastern Condiments 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
Eastern Condiments Private Limited was last rated by Crisil on 10 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Dec 2020 |
To see the full credit ratings and regulatory alerts of Eastern Condiments Private Limited, buy the company report.
MSME payment delays
Eastern Condiments Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 322 overdue payments to 104 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 104)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Guru Agencies | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Agro Machinery and Consultancy Private Limited |
To see the full MSME payment records of Eastern Condiments Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Eastern Condiments has 2 subsidiary companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Eastern Food Speciality Formulations Private Limited | U15490KA2008PTC048380 | |
| Bams Condiments Impex Private Limited | U51225KL2007PTC021282 |
To see the full group structure of Eastern Condiments Private Limited, buy the company report.
GST
Eastern Condiments has 14 GST registrations: 13 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACE5276F1ZK | Karnataka | Active | 01 Jul 2017 |
| 03AAACE5276F1ZY | Punjab | Active | 01 Jul 2017 |
| 06AAACE5276F1ZS | Haryana | Active | 01 Jul 2017 |
| 07AAACE5276F1ZQ | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Eastern Condiments Private Limited, buy the company report.
Recent activity
Eastern Condiments Private Limited has 20 board changes on record since 2004: 5 appointments and 15 cessations. The latest: Feroz Meeran ceased to be Managing Director on 25 Nov 2022.
109 earlier events are in the company report.
News
Frequently asked questions
Eastern Condiments has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Eastern Condiments was a private limited company based in Bangalore, Karnataka, India. The company worked in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 17 August 1989 and is registered under CIN U15499KA1989PTC153490. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Eastern Condiments was incorporated on 17 August 1989. It is registered with the Registrar of Companies, Bangalore.
Eastern Condiments had 5 directors:
- Navas Manalumparayil Meeran - Whole-Time Director
- Sanjay Sharma - Director
- Feroz Meeran - Director
- Ankur Kumar Bhaumik - Director
- Claes Johan Wilhelmsson - Director
The CIN (Corporate Identification Number) of Eastern Condiments is U15499KA1989PTC153490. 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 Eastern Condiments is at No.1 2nd And 3rd Floor 100 Feet Inner Ring Road Ejipura Ashwini Layout, Vivek Nagar India, Bangalore, Karnataka, India – 560047.
Eastern Condiments can be reached through the website eastern.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Eastern Condiments on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Eastern Condiments is 29AAACE5276F1ZK, registered in Karnataka. The company has 14 GST registrations in all, of which 13 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAACE5276F1ZY (Punjab), 06AAACE5276F1ZS (Haryana), 07AAACE5276F1ZQ (Delhi).
Eastern Condiments operated in the food and beverages industry, in the spice manufacturing and distribution segment.
Eastern Condiments has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹37.2 Cr; the latest was in March 2021.
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