Proficient Merchandise Limited
About Proficient Merchandise Limited
Data last updated:
Proficient Merchandise Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 24 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2008PLC180367. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.52 Cr and a paid-up capital of ₹51.68 Lakh. It was formerly known as Proficient Merchandise Private Limited. It is led by directors including Sourav Sharma and Santosh Tiwari.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No – 79 Nagindas Master Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.05 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net profit of ₹1.31 Lakh (net margin 1.2%) and EBITDA of ₹1.82 Lakh (EBITDA margin 1.7%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 37% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Proficient Merchandise has one previous CIN (Corporate Identification Number): U51109MH2008PTC180367. The current CIN is U51109MH2008PLC180367, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109MH2008PLC180367 | Current |
| U51109MH2008PTC180367 | Previous |
Contact details
Proficient Merchandise Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo – 79 Nagindas Master Road, Mumbai, Maharashtra, India – 400001
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Proficient Merchandise 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
Business activity
The main business activity of Proficient Merchandise is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Proficient Merchandise Limited, buy the company report.
Financials of Proficient Merchandise Limited
FY 2022 filings availableProficient Merchandise Limited reported revenue of ₹1.05 Cr (down 52% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 52% fall in the latest year. EBITDA fell 80% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹1.82 Lakh | ||||
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| Net Profit (PAT) | ₹1.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Proficient Merchandise Limited, buy the company report.
Board of directors of Proficient Merchandise Limited
Proficient Merchandise has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sourav Sharma | Director | 02 Aug 2021 | 5 Years 2 Months | Current |
| Surajit Barman | Additional Director | 02 Aug 2021 | 5 Years 2 Months | Current |
| Santosh Tiwari Also directs: Bakra Pratisthan Ltd | Director | 01 Mar 2021 | 5 Years 7 Months | Current |
Auditor
Proficient Merchandise Limited is audited by RAMESH K JAIN & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH K JAIN & CO | FY 2019 | 112886W |
Shareholding
The shareholding of Proficient Merchandise Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Proficient Merchandise Limited, buy the company report.
Legal cases
No court or tribunal cases involving Proficient Merchandise Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Proficient Merchandise Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Proficient Merchandise 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 Proficient Merchandise Limited, buy the company report.
Recent activity
Proficient Merchandise Limited has 21 board changes on record since 2008: 3 appointments and 18 cessations. The latest: Piyush Hasmukhbhai Kakadiya ceased to be Director on 23 Sep 2021.
12 earlier events are in the company report.
Frequently asked questions
Proficient Merchandise is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 24 March 2008 (18+ years old) and is registered under CIN U51109MH2008PLC180367.
Proficient Merchandise has 3 current directors:
- Sourav Sharma - Director
- Surajit Barman - Additional Director
- Santosh Tiwari - Director
The latest financial statements of Proficient Merchandise on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Proficient Merchandise has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Proficient Merchandise is U51109MH2008PLC180367. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proficient Merchandise was incorporated on 24 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Piyush Hasmukhbhai Kakadiya ceased to be Director on 23 Sep 2021. Manjunath Omkar Bashetty ceased to be Director on 03 Sep 2021. Sourav Sharma was appointed as Director on 02 Aug 2021. Proficient Merchandise has 21 board changes on record in total.
The registered office of Proficient Merchandise is at No – 79 Nagindas Master Road, Mumbai, Maharashtra, India – 400001.
Proficient Merchandise operates in the home and lifestyle industry, in the textile retail and distribution segment.
The compliance status of Proficient Merchandise is compliant as of 28 July 2026. The company is actively filing with the Registrar of Companies.