Saumil Mercantile Private Limited
About Saumil Mercantile Private Limited
Data last updated:
Saumil Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 04 September 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51990MH1985PTC037371. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Santosh Balwant Hutke and Umesh Govind Raut.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 35 Queen'S Lawn Premises Chs Ltd Plot No.967 S.V.Road Vile Parle (West), Mumbai, Maharashtra, India – 400056.
As per the financials filed for FY 2019, the company reported a revenue of ₹13.24 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹1.12 Lakh (net margin -8.5%) and EBITDA of -₹1.11 Lakh (EBITDA margin -8.4%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years.
As per MCA filings, the company has open charges of ₹26.01 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Saumil Mercantile has one previous CIN (Corporate Identification Number): U51990MH1985PLC037371. The current CIN is U51990MH1985PTC037371, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51990MH1985PTC037371 | Current |
| U51990MH1985PLC037371 | Previous |
Contact details
Saumil Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address35 Queen'S Lawn Premises Chs Ltd Plot No.967 S.V.Road Vile Parle (West), Mumbai, Maharashtra, India – 400056
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Saumil Mercantile 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
Business activity
The main business activity of Saumil Mercantile 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 Saumil Mercantile Private Limited, buy the company report.
Financials of Saumil Mercantile Private Limited
FY 2019 filings availableSaumil Mercantile Private Limited reported revenue of ₹13.24 Lakh (down 96% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 42% over three years, including a 96% fall in the latest year. EBITDA rose 71% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹13.24 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.11 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.12 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.4% | ||||
| Net Profit Margin | -8.5% | ||||
| 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 Saumil Mercantile Private Limited, buy the company report.
Board of directors of Saumil Mercantile Private Limited
Saumil Mercantile has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dina Prakashchand Bihani | Additional Director | 30 Mar 2022 | 4 Years 7 Months | Current |
| Santosh Balwant Hutke Also directs: Mellisa Businesses Est LLP, Harshvardhan Commercials LLP, Blue Cross Commodities Private Limited and 1 more | Director | 21 Sep 2016 | 10 Years 1 Months | Current |
| Umesh Govind Raut | Director | 21 Sep 2016 | 10 Years 1 Months | Current |
| Prakash Chand Banshilal Bihani | Additional Director | 10 Jan 2022 | 4 Years 10 Months | Current |
Auditor
Saumil Mercantile Private Limited is audited by S.M. Bhat & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.M. Bhat & Associates | FY 2019 | 131347W |
Shareholding
The shareholding of Saumil Mercantile Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Saumil Mercantile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2017 | 100184101 | Others | ₹25.75 Cr | Open | |
| 21 Sep 1984 | 90374973 | Union Bank of India | ₹26.36 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Saumil Mercantile Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bank of Baroda | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Bank of Baroda Th. Prashant Mayekar | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bank of Baroda Th. Prashant Mayekar | Disposed |
To see the full case history of Saumil Mercantile 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 Saumil Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saumil Mercantile 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 Saumil Mercantile Private Limited, buy the company report.
Recent activity
Saumil Mercantile Private Limited has 10 board changes on record since 2016: 4 appointments and 6 cessations. The latest: Dina Prakashchand Bihani was appointed as Additional Director on 30 Mar 2022.
3 earlier events are in the company report.
Frequently asked questions
Saumil Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 04 September 1985 (41+ years old) and is registered under CIN U51990MH1985PTC037371.
Saumil Mercantile has 4 current directors:
- Dina Prakashchand Bihani - Additional Director
- Santosh Balwant Hutke - Director
- Umesh Govind Raut - Director
- Prakash Chand Banshilal Bihani - Additional Director
The latest financial statements of Saumil Mercantile on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Saumil Mercantile has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Saumil Mercantile is U51990MH1985PTC037371. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saumil Mercantile has 3 court cases on record: 3 filed against it.
Saumil Mercantile was incorporated on 04 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Dina Prakashchand Bihani was appointed as Additional Director on 30 Mar 2022. Prakash Chand Banshilal Bihani was appointed as Additional Director on 10 Jan 2022. Prakash Chand Banshilal Bihani ceased to be Director on 29 May 2018. Saumil Mercantile has 10 board changes on record in total.
The registered office of Saumil Mercantile is at 35 QueenS Lawn Premises Chs Ltd Plot No.967 S.V.Road Vile Parle West, Mumbai, Maharashtra, India – 400056.
Saumil Mercantile operates in the manufacturing industry, in the textile and fabric production segment.
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