About Evyavan Mercantile Private Limited
Data last updated:
Evyavan Mercantile Private Limited is a private 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 diversified financial services segment of the financial services sector. It was incorporated on 21 July 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2005PTC154967. Its GSTIN is 27AABCH5867L1Z2 (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Highstreet Mercantile Company Private Limited. It is led by directors including Rita Aditya Kedia and Sharda Bubna.
Its last annual general meeting (AGM) was held on 27 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 414 Manish Chamber Sonawala Road Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2023, the company reported a revenue of ₹42.07 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹27.09 Lakh (net margin -64.4%) and EBITDA of -₹27.08 Lakh (EBITDA margin -64.4%). Revenue has declined at a compounded annual rate (CAGR) of 97% over three years and 66% over five years.
Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is evyavangroup.com.
Company details
Contact details
Evyavan Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its website is evyavangroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address414 Manish Chamber Sonawala Road Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Evyavan Mercantile 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 activities of Evyavan Mercantile are financial and insurance service and trade. In detail, this covers other financial activities and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Evyavan Mercantile Private Limited, buy the company report.
Financials of Evyavan Mercantile Private Limited
FY 2023 filings availableEvyavan Mercantile Private Limited reported revenue of ₹42.07 Lakh (down 53% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years, including a 53% fall in the latest year. EBITDA fell 169% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹42.07 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹27.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27.09 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Total Liabilities | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64.4% | ||||
| Net Profit Margin | -64.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick 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 Evyavan Mercantile Private Limited, buy the company report.
Board of directors of Evyavan Mercantile Private Limited
Evyavan Mercantile has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rita Aditya Kedia Also directs: Evyavan Shares and Securities LLP, Evyavan Pharmaceuticals (India) Private Limited, Evyavan Global Private Limited and 1 more | Director | 16 Aug 2005 | 21 Years 2 Months | As last reported |
| Sharda Bubna Also directs: Evyavan Shares and Securities LLP, Evyavan Global Private Limited, Evyavan Properties Private Limited and 1 more | Director | 09 Jun 2021 | 5 Years 4 Months | As last reported |
| Shailesh Bhalchandra Desai | Irp/Rp/Liquidator | 13 Nov 2023 | 2 Years 11 Months | As last reported |
Auditor
Evyavan Mercantile Private Limited is audited by SAMDANI & HAMIRWASIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMDANI & HAMIRWASIA | FY 2023 | 112161W |
Shareholding
The shareholding of Evyavan Mercantile Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Evyavan Mercantile Private Limited, buy the company report.
Legal cases
Evyavan Mercantile Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Evyavan Mercantile 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 Evyavan Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Evyavan Mercantile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH5867L1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Evyavan Mercantile Private Limited, buy the company report.
Recent activity
Evyavan Mercantile Private Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Shailesh Bhalchandra Desai was appointed as Irp/Rp/Liquidator on 13 Nov 2023.
Frequently asked questions
Evyavan Mercantile 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.
Evyavan Mercantile is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 21 July 2005 and is registered under CIN U51909MH2005PTC154967. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Evyavan Mercantile has 3 current directors:
- Rita Aditya Kedia - Director
- Sharda Bubna - Director
- Shailesh Bhalchandra Desai - Irp/Rp/Liquidator
The latest financial statements of Evyavan Mercantile on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Evyavan Mercantile is U51909MH2005PTC154967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evyavan Mercantile has 1 court case on record: 1 filed against it.
Evyavan Mercantile was incorporated on 21 July 2005. It is registered with the Registrar of Companies, Mumbai.
Shailesh Bhalchandra Desai was appointed as Irp/Rp/Liquidator on 13 Nov 2023. Sharda Bubna ceased to be Additional Director on 30 Nov 2021. Ramautar Shriniwas Bubna ceased to be Director on 10 Jul 2021. Evyavan Mercantile has 6 board changes on record in total.
Evyavan Mercantile can be reached through the website evyavangroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Evyavan Mercantile is at 414 Manish Chamber Sonawala Road Goregaon East, Mumbai, Maharashtra, India – 400063.