About Manav Greys Exim Pvt Ltd
Data last updated:
Manav Greys Exim Pvt Ltd 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 textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 04 February 1986.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51311MH1986PTC038839. Its GSTIN is 27AAACM4990Q1ZQ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8.25 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Ashok Kumar Golechha (Irp/Rp/Liquidator) and Mehul Jayantilal Sedani.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at A – 2/348/49 Shah & Nahar Indestate Dhanraj Mill Compound N M Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2018, the company reported a revenue of ₹96.71 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹61.48 Lakh (net margin 0.6%) and EBITDA of ₹1.37 Cr (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 523% over three years.
As per MCA filings, the company has open charges of ₹19.46 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending.
The last known website on record is greys-exim.com.
Company details
Contact details
Manav Greys Exim Pvt Ltd's registered office is in Mumbai, Maharashtra. Its website is greys-exim.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA – 2/348/49 Shah & Nahar Indestate Dhanraj Mill Compound N M Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Manav Greys Exim Pvt Ltd, 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 Manav Greys Exim 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 Manav Greys Exim Pvt Ltd, buy the company report.
Financials of Manav Greys Exim Pvt Ltd
FY 2018 filings availableManav Greys Exim Pvt Ltd reported revenue of ₹96.71 Cr (up 223% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 523% over three years, including 223% growth in the latest year. EBITDA rose 317% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹96.71 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.37 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹61.48 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.4% | |||
| Net Profit Margin | 0.6% | |||
| 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 Manav Greys Exim Pvt Ltd, buy the company report.
Board of directors of Manav Greys Exim Pvt Ltd
Manav Greys Exim has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Golechha | Irp/Rp/Liquidator | 26 Jun 2024 | 2 Years 4 Months | As last reported |
| Mehul Jayantilal Sedani Also directs: Furoh Fashion Private Limited | Director | 03 Dec 2022 | 3 Years 11 Months | As last reported |
| Tejas Khandhar Surendra Also directs: Krusty & Friends Private Limited, Suman Motels Limited | Director | 25 Jan 2019 | 7 Years 9 Months | As last reported |
Auditor
Manav Greys Exim Pvt Ltd is audited by SUDHIR M DESAI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHIR M DESAI & CO | FY 2018 | 125516W |
Shareholding
The shareholding of Manav Greys Exim Pvt Ltd is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Manav Greys Exim Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2018 | 100170964 | Others | ₹4.8 Cr | Open | |
| 27 Feb 2018 | 100170970 | Others | ₹4.8 Cr | Open | |
| 29 Nov 2017 | 100148361 | State Bank of India | ₹9.75 Cr | Open | |
| 17 Mar 1993 | 90185920 | Bank of Baroda | ₹98,000 | Open | |
| 21 Nov 1990 | 90185656 | Bank of Baroda | ₹10 Lakh | Open |
To see the full charge records of Manav Greys Exim Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Manav Greys Exim Pvt Ltd has 6 court cases on record: 1 filed by Manav Greys Exim, 5 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 1 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by an individual | Pending |
| Supreme Court | Appeal | Filed against the company by The Income Tax Officer and 1 other | Disposed |
| High Court | Writ petition | Filed against the company by State Bank of India | Disposed |
| High Court | Writ petition | Filed by the company against Income Tax Officer Ward 7 2 1 and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bank of Maharashtra Through Nandan Kumar | Disposed |
To see the full case history of Manav Greys Exim Pvt Ltd, 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 Manav Greys Exim Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Manav Greys Exim has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM4990Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manav Greys Exim Pvt Ltd, buy the company report.
Recent activity
Manav Greys Exim Pvt Ltd has 7 board changes on record since 2014: 3 appointments and 4 cessations. The latest: Ashok Kumar Golechha was appointed as Irp/Rp/Liquidator on 26 Jun 2024.
4 earlier events are in the company report.
Frequently asked questions
Manav Greys Exim 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.
Manav Greys Exim is a company under insolvency, formerly operating as a 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 04 February 1986 and is registered under CIN U51311MH1986PTC038839. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Manav Greys Exim has 3 current directors:
- Mehul Jayantilal Sedani - Director
- Tejas Khandhar Surendra - Director
- Ashok Kumar Golechha - Irp/Rp/Liquidator
The latest financial statements of Manav Greys Exim on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Manav Greys Exim is U51311MH1986PTC038839. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manav Greys Exim has open charges of ₹19.46 Cr and no satisfied charges on record as per latest MCA filings.
Manav Greys Exim has 6 court cases on record: 1 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Manav Greys Exim was incorporated on 04 February 1986. It is registered with the Registrar of Companies, Mumbai.
Ashok Kumar Golechha was appointed as Irp/Rp/Liquidator on 26 Jun 2024. Mehul Jayantilal Sedani was appointed as Director on 03 Dec 2022. Vidhi Tejas Khandhar ceased to be Additional Director on 03 Dec 2022. Manav Greys Exim has 7 board changes on record in total.
Manav Greys Exim can be reached through the website greys-exim.com. Its registered office is in Mumbai, Maharashtra, India.
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