Merit Freight Systems Company Private Limited

Merit Freight Systems Company Private Limited - logistics in Mangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U63010KA2009PTC049130 Incorporated 12 February 2009 ROC Bangalore HQ Mangalore, Karnataka, India
Pending Strike Off Private Limited Company logistics
Data last updated
Revenue · FY 2023
₹12.32 Lakh
▼ 41% YoY
Net loss · FY 2023
₹3.49 Lakh
Net margin -28.4%
EBITDA · FY 2023
-₹89,386
EBITDA margin -7.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹3.18 Lakh
Issued & subscribed
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered

About Merit Freight Systems Company Private Limited

Data last updated:

Merit Freight Systems Company Private Limited is a private limited company based in Mangalore, Karnataka, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the postal and courier segment of the logistics and supply chain sector. It was incorporated on 12 February 2009.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63010KA2009PTC049130. Its GSTIN is 29AAGCM7275C1Z9 (Karnataka).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.18 Lakh. It is led by directors Joseph Mathias and Eliza Flavia Joseph Mathias.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 14 – 3 – 171/5 1st Floor Little Flower Building Balmatta Road, Mangalore, Karnataka, India – 575001.

As per the financials filed for FY 2023, the company reported a revenue of ₹12.32 Lakh, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹3.49 Lakh (net margin -28.4%) and EBITDA of -₹89,386 (EBITDA margin -7.3%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 17% over five years.

Company details

CIN U63010KA2009PTC049130
Registration Number 049130
Incorporation Date 12 February 2009
ROC Bangalore
Listing Status Unlisted
Company Status Under Process of Striking Off
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant

Contact details

Merit Freight Systems Company Private Limited's registered office is in Mangalore, Karnataka. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    14 – 3 – 171/5 1st Floor Little Flower Building Balmatta Road, Mangalore, Karnataka, India – 575001
  • Industry
    Logistics, Postal & Courier

To see the full contact details of Merit Freight Systems Company Private Limited, buy the company report.

Comprehensive company report
Merit Freight Systems Company Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Merit Freight Systems Company is transport and storage. In detail, this covers land transport via road.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
HTransport and storageH1Land Transport via Road

To see the full business activity and turnover split of Merit Freight Systems Company Private Limited, buy the company report.

Financials of Merit Freight Systems Company Private Limited

FY 2023 filings available

Merit Freight Systems Company Private Limited reported revenue of ₹12.32 Lakh (down 41% YoY) for FY 2023.

Revenue · FY 2023
₹12.32 Lakh ▼ 41%
Net loss · FY 2023
₹3.49 Lakh margin -28.4%
EBITDA · FY 2023
-₹89,386 margin -7.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 41%
3 years · compounded
▼ 28%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▲ 77%
3 years · compounded
▼ 31%
5 years · compounded
▼ 17%

Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 41% fall in the latest year. EBITDA rose 77% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹89,386
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹3.49 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin-7.3%
Net Profit Margin-28.4%
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 Freight Systems Company Private Limited, buy the company report.

Board of directors of Merit Freight Systems Company Private Limited

Merit Freight Systems Company has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Joseph MathiasDirector12 Feb 200917 Years 8 MonthsCurrent
Eliza Flavia Joseph MathiasDirector12 Feb 200917 Years 8 MonthsCurrent

Peer comparison

Merit Freight Systems Company Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (land transport via road), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Infinity Relocation Private Limited₹12.42 Lakh (FY 2021)-43.0%Delhi, India
DNR Foods Private Limited₹12.39 Lakh (FY 2022)74.0%Ghaziabad, Uttar Pradesh, India
Shree Mahant Transline Private Limited₹12.33 Lakh (FY 2020)-74.0%Ahmedabad, Gujarat, India
Sainath Cargo Carriers Private Limited₹12.33 Lakh (FY 2018)Delhi, India
Ossa Logistics Services Private Limtied₹12.33 Lakh (FY 2015)-75.0%Navi Mumbai, Maharashtra, India
Merit Freight Systems Company Private Limitedthis company₹12.32 Lakh (FY 2023)-₹3.49 Lakh-28.4%-41.0%Mangalore, Karnataka, India
Jaital Enviro Green Private Limited₹12.31 Lakh (FY 2024)-59.0%Gwalior, Madhya Pradesh, India
Kukkr Technologies Private Limited₹12.3 Lakh (FY 2024)-54.0%Bangalore, Karnataka, India
Navita Tour & Travels Private Limited₹12.29 Lakh (FY 2024)45.0%Noida, Uttar Pradesh, India
Sanjeev Transportation and Logistics Private Limited₹12.28 Lakh (FY 2025)158.0%Delhi, India
Kaco Smart Supply Chain Management India Private Limited₹12.26 Lakh (FY 2023)Haryana, India

To see the full peer comparison of Merit Freight Systems Company Private Limited, buy the company report.

Auditor

Merit Freight Systems Company Private Limited is audited by VIVIAN PINTO for the financial year 2017.

Auditor firmFinancial yearFirm registration number
VIVIAN PINTOFY 2017025545

Shareholding

The shareholding of Merit Freight Systems Company Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Merit Freight Systems Company Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Merit Freight Systems Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Merit Freight Systems Company has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAGCM7275C1Z9KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Merit Freight Systems Company Private Limited, buy the company report.

Recent activity

Merit Freight Systems Company Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Eliza Flavia Joseph Mathias was appointed as Director on 12 Feb 2009.

AGM
Merit Freight Systems Company Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Merit Freight Systems Company Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Appointed
Eliza Flavia Joseph Mathias was appointed as Director.
Appointed
Joseph Mathias was appointed as Director.
Incorporation
12 Feb 2009
Merit Freight Systems Company Private Limited was registered on 12 Feb 2009 with Roc Bangalore & aged 17 years 8 months as per MCA records.

Frequently asked questions

Merit Freight Systems Company is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.

Merit Freight Systems Company is a company pending strike off, currently registered as a private limited company based in Mangalore, Karnataka, India. The company works in postal and courier, within the logistics industry. It was incorporated on 12 February 2009 and is registered under CIN U63010KA2009PTC049130. The company may be struck off soon - caution is advised.

The compliance status of Merit Freight Systems Company is compliant as of 19 August 2026.

Merit Freight Systems Company has 2 current directors:

The CIN (Corporate Identification Number) of Merit Freight Systems Company is U63010KA2009PTC049130. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Merit Freight Systems Company was incorporated on 12 February 2009. It is registered with the Registrar of Companies, Bangalore.

The registered office of Merit Freight Systems Company is at 14 – 3 – 1715 1st Floor Little Flower Building Balmatta Road, Mangalore, Karnataka, India – 575001.

The latest financial statements of Merit Freight Systems Company on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.

The GSTIN of Merit Freight Systems Company is 29AAGCM7275C1Z9, registered in Karnataka.

Merit Freight Systems Company operates in the logistics industry, in the postal and courier segment.

The peers of Merit Freight Systems Company by revenue are Infinity Relocation Private Limited, DNR Foods Private Limited, Shree Mahant Transline Private Limited, Sainath Cargo Carriers Private Limited, Ossa Logistics Services Private Limtied and 5 more, all in the same principal business activity (land transport via road).