About Merino Panel Products Ltd
Data last updated:
Merino Panel Products Ltd was a public limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Merino Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 08 August 1994.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U20299WB1994PLC064386. The company has 13 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹2 Cr. It was led by directors including Manoj Lohia (Whole-Time Director) and Anurag Lohia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 5 Alexander Court 60/1 Chowringhee Road, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2020, the company reported a revenue of ₹524.23 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹60.52 Cr (net margin 11.5%) and EBITDA of ₹97 Cr (EBITDA margin 18.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 10% over five years.
The company had about 140 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹70.06 Cr and satisfied charges of ₹248.87 Cr on record. Court records list 54 cases involving the company, including 45 filed by the company and 9 filed against it; 8 cases are pending.
The last known website on record is merinoindia.com.
Company details
Contact details
Merino Panel Products Ltd's registered office is in Kolkata, West Bengal. Its website is merinoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5 Alexander Court 60/1 Chowringhee Road, Kolkata, West Bengal, India – 700020
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Merino Panel Products 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 Merino Panel Products is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Merino Panel Products Ltd, buy the company report.
Financials of Merino Panel Products Ltd
FY 2020 filings availableMerino Panel Products Ltd reported revenue of ₹524.23 Cr (down 3% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 5% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹524.23 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹60.52 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.5% | ||||
| Net Profit Margin | 11.5% | ||||
| 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 Merino Panel Products Ltd, buy the company report.
Board of directors of Merino Panel Products Ltd
Merino Panel Products has 12 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Lohia Also directs: Merino Properties Private Limited, Merino Industries Limited | Whole-Time Director | 01 Oct 2006 | 20 Years 0 Months | As last reported |
| Ruchira Lohia | Director | 01 May 2014 | 12 Years 5 Months | As last reported |
| Anurag Lohia Also directs: Premchand Lohia Agro Limited, CLL Agro Limited | Whole-Time Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Bama Prasad Mukhopadhyay Also directs: Merino Industries Limited | Director | 14 Sep 2018 | 8 Years 1 Months | As last reported |
| Anil Jajoo Also directs: Merino Properties Private Limited, Merino Industries Limited, KBGB Agritech Private Limited and 1 more | Director | 01 Jan 2004 | 22 Years 9 Months | As last reported |
| Asok Kumar Parui | Director | 01 Oct 1998 | 28 Years 0 Months | As last reported |
Peer comparison
Merino Panel Products Ltd is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rushil Decor Limited | ₹903.82 Cr (FY 2025) | 7.0% | Mansa, Gujarat, India | |||
| Metro Decorative Private Limited | ₹586.83 Cr (FY 2025) | 69.0% | Himachal Pradesh, India | |||
| Archidply Industries Limited | ₹557.46 Cr (FY 2025) | 27.0% | Rudrapur, Uttarakhand, India | |||
| Merino Panel Products Ltdthis company | ₹524.23 Cr (FY 2020) | ₹60.52 Cr | 11.5% | -3.0% | 140 | Kolkata, West Bengal, India |
| Advance Decorative Laminate Private Limited | ₹505.44 Cr (FY 2025) | 30.0% | Delhi, India | |||
| Globe Panel Industries India Private Limited | ₹429.35 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Chaudhary Timber Industries Private Limited | ₹416.06 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Century Panels Limited | ₹396.03 Cr (FY 2025) | 6928.0% | Kolkata, West Bengal, India | |||
| Associate Decor Limited | ₹392.44 Cr (FY 2015) | 30.0% | Malur, Karnataka, India |
To see the full peer comparison of Merino Panel Products Ltd, buy the company report.
Auditor
Merino Panel Products Ltd is audited by Singhi & Co for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co | FY 2020 | 302049E |
Shareholding
The shareholding of Merino Panel Products Ltd is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Merino Panel Products Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2020 | 100351808 | The Hongkong and Shanghai Banking Corporation Limited | ₹2.06 Cr | Open | |
| 26 Feb 2019 | 100250056 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Open | |
| 26 Feb 2018 | 100165492 | The Hongkong and Shanghai Banking Corporation Limited | ₹21 Cr | Open | |
| 13 Aug 2012 | 10375233 | Axis Bank Limited | ₹32 Cr | Open | |
| 22 Aug 2014 | 10515874 | Citi Bank N.A. | ₹5 Cr | Satisfied |
To see the full charge records of Merino Panel Products Ltd, buy the company report.
Total charge records: 22 View all charges
Legal cases
Merino Panel Products Ltd has 54 court cases on record: 45 filed by Merino Panel Products, 9 filed against it. 8 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 28 | 6 | 6 |
| District courts | 23 | 2 | 2 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Criminal case | Filed by the company against M S Modular Pvt Ltd and 1 other | Disposed |
| District court, Jhajjar, Haryana | Execution petition | Filed by the company against Sun Nirman Infrastructure Pvt. Ltd. | Disposed |
| District court, West, Delhi | Criminal case | Filed by the company against Deneb Automotives Pvt Ltd and 1 other | Disposed |
| District court, South, Delhi | Execution petition | Filed by the company against Sun Nirman Infrastructure Pvt. Ltd. | Disposed |
| District court, West, Delhi | Criminal case | Filed by the company against Fine Grace Office Systems Pvt Ltd and 1 other | Disposed |
To see the full case history of Merino Panel Products 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
Merino Panel Products Ltd has 3 MSME Form 1 returns on record between 2019 and 2020, listing 43 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Potter Travels Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| D K Plywood Private Limited |
To see the full MSME payment records of Merino Panel Products Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Merino Panel Products Ltd has a workforce of 140 employees on its EPFO records as of Mar 30, 2025, across 2 active EPFO establishments.
GST
Merino Panel Products has 13 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 Merino Panel Products Ltd, buy the company report.
Recent activity
Merino Panel Products Ltd has 24 board changes on record since 1994: 12 appointments and 12 cessations. The latest: Champalal Lohia ceased to be Director on 03 Apr 2020.
59 earlier events are in the company report.
News
Frequently asked questions
Merino Panel Products 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.
Merino Panel Products was a public limited company based in Kolkata, West Bengal, India. The company worked in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 08 August 1994 and is registered under CIN U20299WB1994PLC064386. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Merino Panel Products was incorporated on 08 August 1994. It is registered with the Registrar of Companies, Kolkata.
Merino Panel Products had 12 directors:
- Manoj Lohia - Whole-Time Director
- Anurag Lohia - Whole-Time Director
- Deepak Lohia - Whole-Time Director
- Ruchira Lohia - Director
- Bama Prasad Mukhopadhyay - Director
- Anil Jajoo - Director
- Asok Kumar Parui - Director
- Rup Chand Lohia - Director
- Prakash Lohia - Director
- Sisir Kumar Chakrabarti - Director
- Gautam Bhattacharjee - Director
- Bikash Lohia - Director
The CIN (Corporate Identification Number) of Merino Panel Products is U20299WB1994PLC064386. 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 Merino Panel Products is at 5 Alexander Court 601 Chowringhee Road, Kolkata, West Bengal, India – 700020.
Merino Panel Products can be reached through the website merinoindia.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Merino Panel Products on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 September 2020. Year-wise statements from 2015 are in the company report.
No. Merino Panel Products has 13 GST registrations on record and all of them are cancelled or inactive.
Merino Panel Products operated in the consumer goods industry, in the home furnishings manufacturing segment.
The peers of Merino Panel Products by revenue are Rushil Decor Limited, Metro Decorative Private Limited, Archidply Industries Limited, Advance Decorative Laminate Private Limited, Globe Panel Industries India Private Limited and 3 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Merino Panel Products has 3 MSME Form 1 returns on record between 2019 and 2020, listing 43 overdue payments to 12 micro and small suppliers. The latest return was filed on 28 Jul 2020.
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