Mercury Apparel Limited
About Mercury Apparel Limited
Data last updated:
Mercury Apparel Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 10 August 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U18109MH2007PLC173019.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Mercury Intimate Limited and Mercury Garment Limited. It was led by directors including Deepak Chandra (Whole-Time Director) and Shalaka Agrwal (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 was at Unit No. 352 A1 Shah & Nahar Industrial Estate Dhanraj Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2015, the company reported a revenue of ₹2.59 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹7.96 Lakh (net margin 3.1%) and EBITDA of ₹31.61 Lakh (EBITDA margin 12.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
Court records list 20 cases involving the company, including 14 filed by the company and 6 filed against it; 2 cases are pending.
Company details
Name history
Mercury Apparel has undergone 2 name changes throughout its history. The company was previously known as Mercury Intimate Limited, and Mercury Garment Limited. The current legal name is Mercury Apparel Limited.
| Company Name | Status |
|---|---|
| Mercury Apparel Limited | Current |
| Mercury Intimate Limited | Previous |
| Mercury Garment Limited | Previous |
Contact details
Mercury Apparel Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressUnit No. 352 A1 Shah & Nahar Industrial Estate Dhanraj Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFashion and Textile, Designer & Branded Fashion, Innerwear
To see the full contact details of Mercury Apparel 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 Mercury Apparel Limited
FY 2015 filings availableMercury Apparel Limited reported revenue of ₹2.59 Cr (down 23% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 27% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹2.59 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹31.61 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹7.96 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 12.2% |
| Net Profit Margin | 3.1% |
| 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 Mercury Apparel Limited, buy the company report.
Board of directors of Mercury Apparel Limited
Mercury Apparel 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 |
|---|---|---|---|---|
| Deepak Chandra | Whole-Time Director | 10 Aug 2007 | 19 Years 2 Months | As last reported |
| Shalaka Agrwal Also directs: Agarrwal Embrace Limited | Whole-Time Director | 10 Aug 2007 | 19 Years 2 Months | As last reported |
| Bipin Agrwal Also directs: Agarrwal Embrace Limited | Whole-Time Director | 10 Aug 2007 | 19 Years 2 Months | As last reported |
Auditor
Mercury Apparel Limited is audited by AGARWAL BHARGAVA & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL BHARGAVA & ASSOCIATES | FY 2015 | 003608C |
Shareholding
The shareholding of Mercury Apparel Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Mercury Apparel Limited, buy the company report.
Legal cases
Mercury Apparel Limited has 20 court cases on record: 14 filed by Mercury Apparel, 6 filed against it. 2 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 3 | 1 |
| District courts | 9 | 3 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Graphtone India Pvt Ltd | Pending |
| Bombay High Court | Writ petition | Filed by the company against Union Bank of India | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Graphtone India Pvt Ltd | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by Graphtone (India) Pvt. Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Graphtone India Pvt. Ltd. | Disposed |
To see the full case history of Mercury Apparel 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 Mercury Apparel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mercury Apparel Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mercury Apparel Limited has 6 board changes on record since 2007: 3 appointments and 3 cessations. The latest: Bipin Agrwal ceased to be Director on 01 Apr 2009.
Frequently asked questions
Mercury Apparel 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.
Mercury Apparel was a public limited company based in Mumbai, Maharashtra, India. The company worked in designer and branded fashion, within the fashion and textile industry. It was incorporated on 10 August 2007 and is registered under CIN U18109MH2007PLC173019. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mercury Apparel was incorporated on 10 August 2007. It is registered with the Registrar of Companies, Mumbai.
Mercury Apparel had 3 directors:
- Deepak Chandra - Whole-Time Director
- Shalaka Agrwal - Whole-Time Director
- Bipin Agrwal - Whole-Time Director
The CIN (Corporate Identification Number) of Mercury Apparel is U18109MH2007PLC173019. 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 Mercury Apparel is at Unit No. 352 A1 Shah & Nahar Industrial Estate Dhanraj Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.
The latest financial statements of Mercury Apparel 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.
Mercury Apparel operated in the fashion and textile industry, in the designer and branded fashion segment.
Mercury Apparel has 20 court cases on record: 14 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
Bipin Agrwal ceased to be Director on 01 Apr 2009. Deepak Chandra ceased to be Director on 01 Apr 2008. Shalaka Agrwal ceased to be Director on 01 Apr 2008. Mercury Apparel has 6 board changes on record in total.