_LIMITED.webp)
About Euro Merchandise (India) Limited
Data last updated:
Euro Merchandise (India) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Euro Ceramics Limited. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 13 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51420MH2004PLC145654. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹19 Lakh. It is led by directors including Nitesh Panchalal Shah (Whole-Time Director) and Viral Talakshi Nandu.
Its last annual general meeting (AGM) was held on 18 January 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 208 Sangam Arcade Vallabhbhai Road Opp. Railway Station Vile Parle (West), Mumbai, Maharashtra, India – 400056.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.27 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹6.76 Cr and EBITDA of -₹3.37 Lakh (EBITDA margin -265.4%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 47% over five years.
As per MCA filings, the company has open charges of ₹55.2 Cr and satisfied charges of ₹12.35 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eurocl.com.
Company details
CIN history
Euro Merchandise (India) has one previous CIN (Corporate Identification Number): U51420MH2004PTC145654. The current CIN is U51420MH2004PLC145654, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51420MH2004PLC145654 | Current |
| U51420MH2004PTC145654 | Previous |
Contact details
Euro Merchandise (India) Limited's registered office is in Mumbai, Maharashtra. Its website is eurocl.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address208 Sangam Arcade Vallabhbhai Road Opp. Railway Station Vile Parle (West), Mumbai, Maharashtra, India – 400056
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of Euro Merchandise (India) 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 Euro Merchandise (India) is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Euro Merchandise (India) Limited, buy the company report.
Financials of Euro Merchandise (India) Limited
FY 2021 filings availableEuro Merchandise (India) Limited reported revenue of ₹1.27 Lakh (down 89% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 89% fall in the latest year. EBITDA fell 57% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.27 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.76 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -265.4% | ||||
| Net Profit Margin | |||||
| 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 Euro Merchandise (India) Limited, buy the company report.
Board of directors of Euro Merchandise (India) Limited
Euro Merchandise (India) has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitesh Panchalal Shah | Whole-Time Director | 01 Oct 2006 | 20 Years 1 Months | Current |
| Viral Talakshi Nandu | Director | 01 Feb 2017 | 9 Years 9 Months | Current |
| Ranchod Manji Patel Also directs: Rowland Trexim LLP, Trackman Sales Pvt Ltd, Lotus Grih Nirman Private Limited and 2 more | Director | 02 Apr 2009 | 17 Years 7 Months | Current |
Auditor
Euro Merchandise (India) Limited is audited by RONAK G JAIN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RONAK G JAIN & CO | FY 2021 | 145337W |
Shareholding
The shareholding of Euro Merchandise (India) 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 Euro Merchandise (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 2011 | 10309242 | The Cosmos Co-Operative Bank Limited | ₹2.5 Cr | Open | |
| 26 Jun 2008 | 10117873 | Cosmos Co-Op Bank Limited | ₹5 Cr | Open | |
| 17 Dec 2007 | 10079544 | Barclays Bank Plc | ₹5 Cr | Open | |
| 29 Nov 2006 | 10027256 | The Cosmos Co-Op Bank Ltd | ₹2.5 Cr | Open | |
| 20 Jan 2005 | 90145624 | Cosmos Co-Op Bank Limited | ₹8 Cr | Open |
To see the full charge records of Euro Merchandise (India) Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Euro Merchandise (India) Limited has 7 court cases on record: 4 filed by Euro Merchandise (India), 3 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 2 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed by the company against Euro Ceramics Limited (in Liquidation) Through Liquidator Premraj Ramratan Laddha and 4 others | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by M/S Mod Ceramic Industries Limited | Disposed |
| District court, MORBI, Gujarat | Court case (SPCS) | Filed against the company by M/S Mod Ceramic Industries Ltd. | Disposed |
| District court, Lucknow, Uttar Pradesh | Cheque dishonour complaint | Filed by the company against Ms Om Sai Enterprises and Others | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Commissioner of Customs | Pending |
To see the full case history of Euro Merchandise (India) 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 Euro Merchandise (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Euro Merchandise (India) has 2 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 Euro Merchandise (India) Limited, buy the company report.
Recent activity
Euro Merchandise (India) Limited has 11 board changes on record since 2006: 3 appointments and 8 cessations. The latest: Viral Talakshi Nandu ceased to be Director on 04 May 2022.
12 earlier events are in the company report.
Frequently asked questions
Euro Merchandise (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 13 April 2004 (22+ years old) and is registered under CIN U51420MH2004PLC145654.
Euro Merchandise (India) has 3 current directors:
- Nitesh Panchalal Shah - Whole-Time Director
- Viral Talakshi Nandu - Director
- Ranchod Manji Patel - Director
The latest financial statements of Euro Merchandise (India) on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 18 January 2022. Year-wise statements from 2015 are in the company report.
No. Euro Merchandise (India) has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Euro Merchandise (India) is U51420MH2004PLC145654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Euro Merchandise (India) has 7 court cases on record: 4 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Euro Merchandise (India) was incorporated on 13 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Viral Talakshi Nandu ceased to be Director on 04 May 2022. Pratik Kumar Shah ceased to be Director on 01 Feb 2017. Viral Talakshi Nandu was appointed as Director on 01 Feb 2017. Euro Merchandise (India) has 11 board changes on record in total.
Euro Merchandise (India) can be reached through the website eurocl.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Euro Merchandise (India) is at 208 Sangam Arcade Vallabhbhai Road Opp. Railway Station Vile Parle West, Mumbai, Maharashtra, India – 400056.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
