Merit Industries Limited
About Merit Industries Limited
Data last updated:
Merit Industries Limited was a public limited company based in Coimbatore, Tamil Nadu, 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 hydraulic machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 28 October 1996.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1996PLC007528. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹7.75 Cr and a paid-up capital of ₹7 Cr. It was led by directors including Muthusamy Loganathan (Whole-Time Director) and Harsh Prithviraj Parikh.
Its last annual general meeting (AGM) was held on 25 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at No 26 Damu Nagar Coimbatore, Tamil Nadu, India – 641045.
As per the financials filed for FY 2017, the company reported a revenue of ₹14.05 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹37.18 Lakh (net margin 2.6%) and EBITDA of ₹1.12 Cr (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 109% over three years and 64% over five years.
The company had about 12 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹7 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it.
Company details
Contact details
Merit Industries Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressNo 26 Damu Nagar Coimbatore, Tamil Nadu, India – 641045
- IndustryMachinery and Equipment, Hydraulic Machinery & Equipment
To see the full contact details of Merit Industries 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 Merit Industries Limited
FY 2017 filings availableMerit Industries Limited reported revenue of ₹14.05 Cr (up 24% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 64% over five years, including 24% growth in the latest year. EBITDA rose 30% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹14.05 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.12 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹37.18 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 8% | ||
| Net Profit Margin | 2.6% | ||
| 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 Industries Limited, buy the company report.
Board of directors of Merit Industries Limited
Merit Industries has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Prithviraj Parikh Also directs: Satori Realty Private Limited, R and A Foods Private Limited, Wist Overseas Private Limited and 4 more | Director | 29 Sep 2014 | 12 Years 1 Months | As last reported |
| Muthusamy Loganathan | Whole-Time Director | 01 Apr 1997 | 29 Years 6 Months | As last reported |
| Srinivasan Ramalingam | Director | 21 Mar 2016 | 10 Years 7 Months | As last reported |
| Prithviraj Somchand Parikh | Director | 29 Sep 2014 | 12 Years 1 Months | As last reported |
| Ackanaickenpalayam Venkataswamy Palaniswamy | Director | 14 Aug 2014 | 12 Years 2 Months | As last reported |
Auditor
Merit Industries Limited is audited by KRISHAAN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHAAN & CO | FY 2017 | 001453S |
Shareholding
The shareholding of Merit Industries 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 category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Merit Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2014 | 10547801 | Oriental Bank of Commerce | ₹7 Cr | Satisfied |
To see the full charge records of Merit Industries Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Merit Industries Limited has 6 court cases on record: 5 filed by Merit Industries, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Petition | Filed by the company against Lakshmi Machine Works Limited | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Jeetstex Engineering Ltd., | Disposed |
To see the full case history of Merit Industries 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 Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Merit Industries Limited has a workforce of 12 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Merit Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Merit Industries Limited, buy the company report.
Recent activity
Merit Industries Limited has 13 board changes on record since 1997: 5 appointments and 8 cessations. The latest: Srinivasan Ramalingam ceased to be Additional Director on 08 Sep 2016.
7 earlier events are in the company report.
Frequently asked questions
Merit Industries 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.
Merit Industries was a public limited company based in Coimbatore, Tamil Nadu, India. The company worked in hydraulic machinery and equipment, within the machinery and equipment industry. It was incorporated on 28 October 1996 and is registered under CIN U17111TZ1996PLC007528. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Merit Industries was incorporated on 28 October 1996. It is registered with the Registrar of Companies, Coimbatore.
Merit Industries had 5 directors:
- Muthusamy Loganathan - Whole-Time Director
- Harsh Prithviraj Parikh - Director
- Srinivasan Ramalingam - Director
- Prithviraj Somchand Parikh - Director
- Ackanaickenpalayam Venkataswamy Palaniswamy - Director
The CIN (Corporate Identification Number) of Merit Industries is U17111TZ1996PLC007528. 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 Merit Industries is at No 26 Damu Nagar Coimbatore, Tamil Nadu, India – 641045.
The latest financial statements of Merit Industries on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 25 September 2017. Year-wise statements from 2015 are in the company report.
No. Merit Industries has 1 GST registration on record and it is cancelled or inactive.
Merit Industries operated in the machinery and equipment industry, in the hydraulic machinery and equipment segment.
Merit Industries has 6 court cases on record: 5 filed by the company and 1 filed against it. Most are in the high courts.