About Mep Cotton Limited
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Mep Cotton Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 21 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01403MH2000PLC123779. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.63 Cr. It was formerly known as Mep Cotton Private Limited and Productmillennium.Com (India) Private Limited. It is led by directors including Anuj Krishna Kumar Mittal (Whole-Time Director) and Ashish Krishnakumar Mittal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Gala No. 1 To 7 Cotton Exchange Building Annexe Cotton Green (East), Mumbai, Maharashtra, India – 400033.
As per the financials filed for FY 2016, the company reported a revenue of ₹29.98 Lakh, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹15.38 Lakh (net margin -51.3%) and EBITDA of -₹15.38 Lakh (EBITDA margin -51.3%).
As per MCA filings, the company has open charges of ₹221.41 Cr and satisfied charges of ₹188.6 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 1 case is pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.85 Cr; the latest was in March 2012. Its 10 peer companies in the Manufacturing industry (Cotton, Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Baruch Designs Private Limited with revenue of ₹30.06 Lakh.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website mepcotton.com.
Company details
Name history
Mep Cotton has undergone 2 name changes throughout its history. The company was previously known as Mep Cotton Private Limited, and Productmillennium.Com (India) Private Limited. The current legal name is Mep Cotton Limited.
| Company Name | Status |
|---|---|
| Mep Cotton Limited | Current |
| Mep Cotton Private Limited | Previous |
| Productmillennium.Com (India) Private Limited | Previous |
CIN history
Mep Cotton has one previous CIN (Corporate Identification Number): U72900MH2000PLC123779. The current CIN is U01403MH2000PLC123779, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01403MH2000PLC123779 | Current |
| U72900MH2000PLC123779 | Previous |
Contact details
Mep Cotton Limited's registered office is in Mumbai, Maharashtra. Its website is mepcotton.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGala No. 1 To 7 Cotton Exchange Building Annexe Cotton Green (East), Mumbai, Maharashtra, India – 400033
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Mep Cotton 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 Mep Cotton Limited
FY 2015 filings availableMep Cotton Limited reported revenue of ₹29.98 Lakh (down 38% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year. EBITDA rose 97% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹29.98 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹15.38 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹15.38 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -51.3% | |
| Net Profit Margin | -51.3% | |
| 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 Mep Cotton Limited, buy the company report.
Board of directors of Mep Cotton Limited
Mep Cotton has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashi Anuj Mittal Also directs: Mittatex Exports Private Limited | Director | 17 Feb 2017 | 9 Years 8 Months | Current |
| Anuj Krishna Kumar Mittal Also directs: Mittatex Exports Private Limited | Whole-Time Director | 27 Jul 2007 | 19 Years 3 Months | Current |
| Ashish Krishnakumar Mittal Also directs: Euroflax Industries Limited, K K M International Private Limited | Whole-Time Director | 27 Jul 2007 | 19 Years 3 Months | Current |
Peer comparison
Mep Cotton Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Cotton, Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Baruch Designs Private Limited | ₹30.06 Lakh (FY 2020) | 38.0% | Mumbai, Maharashtra, India | |||
| Vatsal Resources Private Limited | ₹30.04 Lakh (FY 2024) | -6.0% | Surat, Gujarat, India | |||
| Ayukti Fashion Private Limited | ₹30.03 Lakh (FY 2023) | -32.0% | Mumbai, Maharashtra, India | |||
| Produce and Textiles Private Limited | ₹30 Lakh (FY 2016) | 407.0% | Kolkata, West Bengal, India | |||
| Vasushri Wooltex Limited | ₹29.98 Lakh (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Mep Cotton Limitedthis company | ₹29.98 Lakh (FY 2016) | -₹15.38 Lakh | -51.3% | -38.0% | Mumbai, Maharashtra, India | |
| Godavari Texfab Private Limited | ₹29.96 Lakh (FY 2025) | -14.0% | Dhule, Maharashtra, India | |||
| Attar Shinup Private Limited | ₹29.96 Lakh (FY 2024) | -3.0% | New Delhi, Delhi, India | |||
| Hiluxe Textiles Private Limited | ₹29.96 Lakh (FY 2025) | -45.0% | Kolkata, West Bengal, India | |||
| Vilakshan Cotfab Private Limited | ₹29.92 Lakh (FY 2024) | -85.0% | Dhule, Maharashtra, India | |||
| Mahabir Textiles Mills Pvt Ltd | ₹29.91 Lakh (FY 2024) | 27.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mep Cotton Limited, buy the company report.
Auditor
Mep Cotton Limited is audited by K C SORATHIYA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K C SORATHIYA & CO | FY 2016 | 136378W |
Shareholding
The shareholding of Mep Cotton Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mep Cotton Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 2009 | 10202213 | Others | ₹20 Cr | Open | |
| 23 Apr 2009 | 10159893 | State Bank of India | ₹69 Cr | Open | |
| 11 Feb 2009 | 10144904 | Others | ₹15 Cr | Open | |
| 22 Dec 2008 | 10146314 | State Bank of India | ₹18.5 Cr | Open | |
| 26 Dec 2007 | 10099691 | Union Bank of India Limited | ₹24 Cr | Open |
To see the full charge records of Mep Cotton Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Mep Cotton Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.85 Cr; the latest was in March 2012.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Welspun Investments and Commercials Limited Seller: Welspun India Limited |
| Oct 2011 | Funding round | ₹17.96 Cr | Investors: Mittatex Exports Private Limited , Welspun Investments and Commercials Limited |
| Mar 2010 | Funding round | ₹15 Cr | Investors: K K M International Private Limited |
| Dec 2006 | Funding round | ₹19.89 Cr | Investors: Welspun India Limited , Mittatex Exports Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mep Cotton Limited has 13 court cases on record: 9 filed by Mep Cotton, 4 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 3 | 0 |
| High courts | 6 | 1 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMEX) | Filed against the company by S. E. Investments Limited | Pending |
| District court, South West, Delhi | Court case (CR CRIMINAL REVISION) | Filed against the company by S.E. Investments Ltd. | Disposed |
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by Pachchim Gujarat Vij Co. Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State Bank of India (Sbi) and 3 others | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State Bank of India and Ors. | Disposed |
To see the full case history of Mep Cotton 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 Mep Cotton Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mep Cotton 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 Mep Cotton Limited, buy the company report.
Recent activity
Mep Cotton Limited has 10 board changes on record since 2007: 3 appointments and 7 cessations. The latest: Krishankumar Nandkishore Mittal ceased to be Managing Director on 17 Feb 2017.
20 earlier events are in the company report.
Frequently asked questions
Mep Cotton is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 21 January 2000 (26+ years old) and is registered under CIN U01403MH2000PLC123779.
Mep Cotton has 3 current directors:
- Anuj Krishna Kumar Mittal - Whole-Time Director
- Ashish Krishnakumar Mittal - Whole-Time Director
- Rashi Anuj Mittal - Director
The latest financial statements of Mep Cotton on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Mep Cotton has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Mep Cotton is U01403MH2000PLC123779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mep Cotton has 13 court cases on record: 9 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Mep Cotton was incorporated on 21 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Mep Cotton has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.85 Cr; the latest was in March 2012.
The peers of Mep Cotton by revenue are Baruch Designs Private Limited, Vatsal Resources Private Limited, Ayukti Fashion Private Limited, Produce and Textiles Private Limited, Vasushri Wooltex Limited and 5 more, all in the Manufacturing industry (Cotton, Textiles).
Krishankumar Nandkishore Mittal ceased to be Managing Director on 17 Feb 2017. Rashi Anuj Mittal was appointed as Director on 17 Feb 2017. Rajesh Rameshkumar Mandawewala ceased to be Director on 15 Mar 2012. Mep Cotton has 10 board changes on record in total.
Mep Cotton can be reached through the website mepcotton.com. Its registered office is in Mumbai, Maharashtra, India.
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