Merit Exports Private Limited
About Merit Exports Private Limited
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Merit Exports Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Bharatiya Global Infomedia Limited. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 11 September 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51311DL2000PTC107661.
The company has an authorised share capital of ₹14.5 Lakh and a paid-up capital of ₹9.03 Lakh. It is led by directors Rakesh Bhatia and Arti Bhatia.
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 44 Backary Portion, 2nd Floor Regal Building, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.42 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹44,588 (net margin -13%) and EBITDA of -₹22,046 (EBITDA margin -6.4%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years.
As per MCA filings, the company has open charges of ₹5.2 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Merit Exports Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address44 Backary Portion, 2nd Floor Regal Building, New Delhi, Delhi, India – 110001
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Merit Exports 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 activity of Merit Exports is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Merit Exports Private Limited, buy the company report.
Financials of Merit Exports Private Limited
FY 2018 filings availableMerit Exports Private Limited reported revenue of ₹3.42 Lakh (down 64% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over three years, including a 64% fall in the latest year. EBITDA fell 135% 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 | ||||
| Other Income | ||||
| Total Revenue | ₹3.42 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹22,046 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹44,588 | |||
| 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 | -6.4% | |||
| Net Profit Margin | -13% | |||
| 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 Merit Exports Private Limited, buy the company report.
Board of directors of Merit Exports Private Limited
Merit Exports has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Bhatia Also directs: Bharatiya Global Infomedia Limited | Director | 21 Nov 2011 | 14 Years 11 Months | Current |
| Arti Bhatia | Director | 21 Nov 2011 | 14 Years 11 Months | Current |
Auditor
Merit Exports Private Limited is audited by SASTRY K ANANDAM & CO LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SASTRY K ANANDAM & CO LLP | FY 2018 | 000179N |
Shareholding
The shareholding of Merit Exports Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Merit Exports Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2013 | 10454625 | Bank of Maharshtra | ₹2.6 Cr | Open | |
| 06 Sep 2013 | 10454624 | Bank of Maharshtra | ₹2.6 Cr | Open |
To see the full charge records of Merit Exports Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Merit Exports Private Limited has 7 court cases on record: 1 filed by Merit Exports, 6 filed against it. 2 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by an individual | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against an individual | Disposed |
| District court, South East, Delhi | Execution petition | Filed against the company by M/S S. A. Exports | Disposed |
| District court, South East, Delhi | Court case (RP) | Filed against the company by M/S S.A Exports | Disposed |
To see the full case history of Merit Exports 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 Merit Exports Private 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 Merit Exports Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Merit Exports Private Limited has 8 board changes on record since 2003: 5 appointments and 3 cessations. The latest: Ashok Kumar Juneja ceased to be Additional Director on 28 Jun 2023.
3 earlier events are in the company report.
Frequently asked questions
Merit Exports is an active private limited company based in New Delhi, Delhi, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 11 September 2000 (26+ years old) and is registered under CIN U51311DL2000PTC107661.
Merit Exports has 2 current directors:
- Rakesh Bhatia - Director
- Arti Bhatia - Director
The latest financial statements of Merit Exports 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 Merit Exports is U51311DL2000PTC107661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Exports has 7 court cases on record: 1 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.
Merit Exports was incorporated on 11 September 2000, making it 26+ years old. It is registered with the Registrar of Companies, Delhi.
Ashok Kumar Juneja ceased to be Additional Director on 28 Jun 2023. Ashok Kumar Juneja was appointed as Additional Director on 11 Nov 2020. Arun Poddar ceased to be Director on 01 Dec 2011. Merit Exports has 8 board changes on record in total.
The registered office of Merit Exports is at 44 Backary Portion, 2nd Floor Regal Building, New Delhi, Delhi, India – 110001.
Merit Exports operates in the fashion and textile industry, in the fashion retail segment.
Merit Exports has open charges of ₹5.2 Cr and no satisfied charges on record as per latest MCA filings.
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