Merridian Promoters Private Limited
About Merridian Promoters Private Limited
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Merridian Promoters Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 05 February 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U70102AP2002PTC038448. Its GSTIN is 37AACCM7719D2ZG (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹99 Lakh and a paid-up capital of ₹99 Lakh. It is led by directors Penmetsa Lalitha Sri Tejaswani and Surya Mangapathi Penmetsa Raju.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Visakhapatnam, Andhra Pradesh.
As per the financials filed for FY 2018, the company reported a revenue of ₹55.67 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net profit of ₹6.43 Lakh (net margin 11.6%) and EBITDA of ₹28.54 Lakh (EBITDA margin 51.3%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
As per MCA filings, the company has satisfied charges of ₹8.95 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Merridian Promoters Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No 4 – 65 – 4/(1) Flat No 102 Ground Floor Dwarapu Madhav Gardens Lawson'S Bay Col, Ony, Visakhapatnam, Andhra Pradesh, India – 530017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Merridian Promoters 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
Financials of Merridian Promoters Private Limited
FY 2024 filings availableMerridian Promoters Private Limited reported revenue of ₹55.67 Lakh (down 95% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 95% fall in the latest year. EBITDA fell 24% 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 | ₹55.67 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹28.54 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹6.43 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 51.3% | |||
| Net Profit Margin | 11.6% | |||
| 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 Merridian Promoters Private Limited, buy the company report.
Board of directors of Merridian Promoters Private Limited
Merridian Promoters has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Penmetsa Lalitha Sri Tejaswani | Director | 22 Mar 2010 | 16 Years 7 Months | Current |
| Surya Mangapathi Penmetsa Raju Also directs: Merridian Organics Private Limited | Director | 29 Sep 2006 | 20 Years 1 Months | Current |
Auditor
Merridian Promoters Private Limited is audited by SOMAYAJULU & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SOMAYAJULU & ASSOCIATES | FY 2018 | 010629S |
Shareholding
The shareholding of Merridian Promoters 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 Merridian Promoters Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2007 | 10179848 | State Bank of India | ₹5 Cr | Satisfied | |
| 18 Apr 2005 | 90128821 | State Bank of India | ₹3.35 Cr | Satisfied | |
| 23 Apr 2003 | 90130276 | State Bank of Travancore | ₹60 Lakh | Satisfied |
To see the full charge records of Merridian Promoters Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Merridian Promoters Private Limited has 8 court cases on record: 5 filed by Merridian Promoters, 3 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed by the company against individuals | Disposed |
| High Court, TELANGANA | Tax appeal | Filed by the company against Commissioner of Central Excise and Service Tax Visakhapatnam-I | Disposed |
| High Court, ANDHRAPRADESH | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of Merridian Promoters 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 Merridian Promoters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merridian Promoters has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCM7719D2ZG | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merridian Promoters Private Limited, buy the company report.
Recent activity
Merridian Promoters Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Satyanarayana Raju Vegesna ceased to be Director on 25 Feb 2011.
2 earlier events are in the company report.
Frequently asked questions
Merridian Promoters is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 05 February 2002 (24+ years old) and is registered under CIN U70102AP2002PTC038448.
Merridian Promoters has 2 current directors:
- Penmetsa Lalitha Sri Tejaswani - Director
- Surya Mangapathi Penmetsa Raju - Director
The latest financial statements of Merridian Promoters on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Merridian Promoters is 37AACCM7719D2ZG, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Merridian Promoters is U70102AP2002PTC038448. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merridian Promoters has 8 court cases on record: 5 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Merridian Promoters was incorporated on 05 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Vijayawada.
Satyanarayana Raju Vegesna ceased to be Director on 25 Feb 2011. Penmetsa Lalitha Sri Tejaswani ceased to be Additional Director on 30 Sep 2010. Penmetsa Lalitha Sri Tejaswani was appointed as Director on 22 Mar 2010. Merridian Promoters has 4 board changes on record in total.
The registered office of Merridian Promoters is at Door No 4 – 65 – 41 Flat No 102 Ground Floor Dwarapu Madhav Gardens LawsonS Bay Col, Ony, Visakhapatnam, Andhra Pradesh, India – 530017.
Merridian Promoters operates in the real estate and construction industry, in the real estate builders and developers segment.
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