MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-MH-18-0029037
First Source Merchandise Private Limited
First Source Merchandise Private Limited - fashion and textile in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2018
₹4.93 Cr
▼ 38% YoY
Net loss · FY 2018
₹35.71 Lakh
Net margin -7.2%
EBITDA · FY 2018
₹6.57 Lakh
EBITDA margin 1.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹83 Lakh
Issued & subscribed
Open charges
₹1.3 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Directors on board
2
As per MCA filings
About First Source Merchandise Private Limited
Data last updated:
First Source Merchandise Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 29 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52599MH2012PTC235109. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹83 Lakh. It is led by directors Krishna Kumar Nair and Prashant Premnarayan Trivedi.
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 2B / 1109 Brindaban Bldg 2 Chs Ltd Poonam Nagar Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.93 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹35.71 Lakh (net margin -7.2%) and EBITDA of ₹6.57 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years.
As per MCA filings, the company has open charges of ₹1.3 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it.
First Source Merchandise Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0029037). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U52599MH2012PTC235109
Registration Number 235109
Incorporation Date 29 August 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2018
Date of Balance Sheet 31 March 2018
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0029037
Recognitions & Rankings of First Source Merchandise
Contact details
First Source Merchandise Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address2B / 1109 Brindaban Bldg 2 Chs Ltd Poonam Nagar Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of First Source Merchandise Private Limited, buy the company report.
Comprehensive company report
First Source Merchandise 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of First Source Merchandise is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of First Source Merchandise Private Limited, buy the company report.
Financials of First Source Merchandise Private Limited
FY 2018 filings availableFirst Source Merchandise Private Limited reported revenue of ₹4.93 Cr (down 38% YoY) for FY 2018.
Revenue · FY 2018
₹4.93 Cr ▼ 38%
Net loss · FY 2018
₹35.71 Lakh margin -7.2%
EBITDA · FY 2018
₹6.57 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 83%
3 years · compounded
▼ 33%
Revenue fell 38% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 83% 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 | ₹4.93 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹6.57 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹35.71 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 | 1.3% | |||
| Net Profit Margin | -7.2% | |||
| 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 First Source Merchandise Private Limited, buy the company report.
Board of directors of First Source Merchandise Private Limited
First Source Merchandise has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Kumar Nair Also directs: Ahanna Creations Private Limited | Director | 18 Jul 2013 | 13 Years 3 Months | Current |
| Prashant Premnarayan Trivedi Also directs: Magik Retail Brands Private Limited | Director | 29 Aug 2012 | 14 Years 1 Months | Current |
Auditor
First Source Merchandise Private Limited is audited by R U SHAH & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R U SHAH & ASSOCIATES | FY 2018 | 127704W |
Shareholding
The shareholding of First Source Merchandise 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 First Source Merchandise Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2015 | 10576722 | Bank of Maharashtra | ₹50 Lakh | Open | |
| 14 Sep 2013 | 10458728 | Bank of Maharashtra | ₹80 Lakh | Open |
To see the full charge records of First Source Merchandise Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
First Source Merchandise Private Limited has 8 court cases on record: 1 filed by First Source Merchandise, 7 filed against it. All cases are disposed.
Total cases
8
Filed by the company
1
Filed against the company
7
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by M/S Swaraj Overseas Limited Office at Plot No. 74, First Floor Amrit Nagar, South Ext. Part 1 Nose New Delhi ,New Delhi , Delhi | Disposed |
| District court, New Delhi, Delhi | Arbitration matter | Filed by the company against Swaraj Overseas Limited and 2 others | Disposed |
| District court, South West, Delhi | Criminal case | Filed against the company by HDFC Bank Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ato Express Pvt. Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Neogrowth Credit Pvt Ltd | Disposed |
To see the full case history of First Source Merchandise 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 First Source Merchandise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
First Source Merchandise has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
2
Cancelled / inactive
2
To see the full GST registrations and return filing status of First Source Merchandise Private Limited, buy the company report.
Recent activity
First Source Merchandise Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Krishna Kumar Nair ceased to be Director on 27 Apr 2022.
Ceased
Krishna Kumar Nair ceased to be Director.
Ceased
Amit Trivedi ceased to be Director.
Ceased
Mamta Trivedi ceased to be Director.
AGM
First Source Merchandise Private Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.
Filing
First Source Merchandise Private Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Mumbai I.
Charges
A charge with Bank Of Maharashtra amounted to Rs. 0.50 Cr with Charge ID 10576722 was registered on 02 Jun 2015.
Charges
A charge with Bank Of Maharashtra of Rs. 0.80 Cr registered on 14 Sep 2013 with Charge ID 10458728 was modified on 02 Jun 2015.
Ceased
Nishant Mahimtura Mitrasen ceased to be Director.
Ceased
Riyaz Eqbal Ahmed Ganji ceased to be Director.
Charges
A charge with Bank Of Maharashtra amounted to Rs. 0.80 Cr with Charge ID 10458728 was registered on 14 Sep 2013.
Appointed
Krishna Kumar Nair was appointed as Director.
Appointed
Prashant Premnarayan Trivedi was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
First Source Merchandise is an active private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 29 August 2012 (14+ years old) and is registered under CIN U52599MH2012PTC235109.
First Source Merchandise has 2 current directors:
- Krishna Kumar Nair - Director
- Prashant Premnarayan Trivedi - Director
The latest financial statements of First Source Merchandise 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.
No. First Source Merchandise has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of First Source Merchandise is U52599MH2012PTC235109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
First Source Merchandise has 8 court cases on record: 1 filed by the company and 7 filed against it. Most are in the district courts.
First Source Merchandise was incorporated on 29 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Krishna Kumar Nair ceased to be Director on 27 Apr 2022. Amit Trivedi ceased to be Director on 31 Aug 2021. Mamta Trivedi ceased to be Director on 31 Aug 2021. First Source Merchandise has 7 board changes on record in total.
Yes, First Source Merchandise is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0029037).
The registered office of First Source Merchandise is at 2B 1109 Brindaban Bldg 2 Chs Ltd Poonam Nagar Andheri East, Mumbai, Maharashtra, India – 400093.