MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-AP-06-0004972
Merrito Polymers (India) Private Limited
Merrito Polymers (India) Private Limited - packaging in Nuzvid, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹4.66 Cr
▼ 36% YoY
Net loss · FY 2023
₹2.28 Cr
Net margin -48.8%
EBITDA · FY 2023
-₹56.6 Lakh
EBITDA margin -12.1%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹11.2 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
About Merrito Polymers (India) Private Limited
Data last updated:
Merrito Polymers (India) Private Limited is a private limited company based in Nuzvid, Andhra Pradesh, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 10 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U25209AP2014PTC094575. Its GSTIN is 37AAJCM2707J1ZB (Andhra Pradesh).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors Yesu Das Dovari and Janardhanrao Dasi.
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 Plot No. 136 To 144 Apiic Industrial Park Auto Nagar, Nuzvid, Andhra Pradesh, India – 521201.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.66 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹2.28 Cr (net margin -48.8%) and EBITDA of -₹56.6 Lakh (EBITDA margin -12.1%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹11.2 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 2 cases are pending.
Merrito Polymers (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-06-0004972). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25209AP2014PTC094575
Registration Number 094575
Incorporation Date 10 June 2014
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-AP-06-0004972
Recognitions & Rankings of Merrito Polymers (India)
Contact details
Merrito Polymers (India) Private Limited's registered office is in Nuzvid, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 136 To 144 Apiic Industrial Park Auto Nagar, Nuzvid, Andhra Pradesh, India – 521201
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Merrito Polymers (India) Private Limited, buy the company report.
Comprehensive company report
Merrito Polymers (India) 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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Secure checkout · GST invoice included
Financials of Merrito Polymers (India) Private Limited
FY 2024 filings availableMerrito Polymers (India) Private Limited reported revenue of ₹4.66 Cr (down 36% YoY) for FY 2023.
Revenue · FY 2023
₹4.66 Cr ▼ 36%
Net loss · FY 2023
₹2.28 Cr margin -48.8%
EBITDA · FY 2023
-₹56.6 Lakh margin -12.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 36%
3 years · compounded
▲ 29%
5 years · compounded
▲ 11%
Revenue fell 36% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹4.66 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹56.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.28 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.1% | ||||
| Net Profit Margin | -48.8% | ||||
| 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 Merrito Polymers (India) Private Limited, buy the company report.
Board of directors of Merrito Polymers (India) Private Limited
Merrito Polymers (India) has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yesu Das Dovari Also directs: Merrictro Products Private Limited, Merritronix Ltd. | Director | 10 Jun 2014 | 12 Years 4 Months | Current |
| Janardhanrao Dasi | Director | 13 Oct 2022 | 4 Years 0 Months | Current |
Auditor
Merrito Polymers (India) Private Limited is audited by CHENGALRAYULU & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHENGALRAYULU & ASSOCIATES | FY 2023 | 021598S |
Shareholding
The shareholding of Merrito Polymers (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Merrito Polymers (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2021 | 100519899 | Others | ₹50 Lakh | Open | |
| 28 Dec 2021 | 100521093 | Others | ₹37.5 Lakh | Open | |
| 19 Aug 2017 | 100171928 | Others | ₹5.9 Cr | Open | |
| 19 Oct 2015 | 10598783 | Andhra Pradesh State Financial Corporatiom | ₹4.42 Cr | Open |
To see the full charge records of Merrito Polymers (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Merrito Polymers (India) Private Limited has 6 court cases on record: 5 filed by Merrito Polymers (India), 1 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
5
Filed against the company
1
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 2 | 1 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Medchal Malkajgiri, Telangana | Court case (A.R.B.O.P) | Filed by the company against S.R. Prefabs Modular Cleanroom Private Limited | Pending |
| District court, Medchal Malkajgiri, Telangana | Execution petition | Filed against the company by S.R. Prefabs Modular Cleanroom Private Limited | Pending |
| High Court for State of Telangana | Appeal | Filed by the company against M/S S.R.Prefabs Modular Cleanroom Pvt.Ltd., and 1 other | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Andhra Pradesh and 3 others | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Merrito Polymers (India) 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.
Credit ratings & regulatory alerts
Merrito Polymers (India) Private Limited was last rated by Care on 25 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 25 Oct 2021 |
To see the full credit ratings and regulatory alerts of Merrito Polymers (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Merrito Polymers (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merrito Polymers (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAJCM2707J1ZB | Andhra Pradesh | Active | 25 Oct 2017 |
To see the full GST registrations and return filing status of Merrito Polymers (India) Private Limited, buy the company report.
Recent activity
Merrito Polymers (India) Private Limited has 6 board changes on record since 2014: 2 appointments and 4 cessations. The latest: Janardhanrao Dasi ceased to be Additional Director on 29 Sep 2023.
AGM
Merrito Polymers (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Merrito Polymers (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
Ceased
Janardhanrao Dasi ceased to be Additional Director.
Ceased
Darsi Vanaja ceased to be Director.
Ceased
Dovari Amarnath ceased to be Director.
Appointed
Janardhanrao Dasi was appointed as Director.
Ceased
Jayaprada Doovari ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100519899 was registered on 28 Dec 2021.
Charges
A charge with Others amounted to Rs. 0.38 Cr with Charge ID 100521093 was registered on 28 Dec 2021.
Charges
A charge with Others of Rs. 5.90 Cr registered on 19 Aug 2017 with Charge ID 100171928 was modified on 27 Jul 2021.
Charges
A charge with Others amounted to Rs. 5.90 Cr with Charge ID 100171928 was registered on 19 Aug 2017.
Charges
A charge with Andhra Pradesh State Financial Corporatiom amounted to Rs. 4.42 Cr with Charge ID 10598783 was registered on 19 Oct 2015.
2 earlier events are in the company report.
Frequently asked questions
Merrito Polymers (India) is an active private limited company based in Nuzvid, Andhra Pradesh, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 10 June 2014 (12+ years old) and is registered under CIN U25209AP2014PTC094575.
Merrito Polymers (India) has 2 current directors:
- Yesu Das Dovari - Director
- Janardhanrao Dasi - Director
The latest financial statements of Merrito Polymers (India) 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 Merrito Polymers (India) is 37AAJCM2707J1ZB, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Merrito Polymers (India) is U25209AP2014PTC094575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merrito Polymers (India) has 6 court cases on record: 5 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Merrito Polymers (India) was incorporated on 10 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
Janardhanrao Dasi ceased to be Additional Director on 29 Sep 2023. Darsi Vanaja ceased to be Director on 13 Oct 2022. Dovari Amarnath ceased to be Director on 13 Oct 2022. Merrito Polymers (India) has 6 board changes on record in total.
Yes, Merrito Polymers (India) is registered as a small enterprise under Udyam registration (number: UDYAM-AP-06-0004972).
The registered office of Merrito Polymers (India) is at Plot No. 136 To 144 Apiic Industrial Park Auto Nagar, Nuzvid, Andhra Pradesh, India – 521201.