Shanti Merchandise Private Limited
About Shanti Merchandise Private Limited
Data last updated:
Shanti Merchandise Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 31 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2007PTC117532. Its GSTIN is 19AALCS0717Q1ZP (West Bengal).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16.9 Lakh. It was formerly known as Shanti Telesolutions Private Limited. It is led by directors Sheo Prasad Agarwal and Indranand Choudhary.
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 131/16 N.S.C Bose Road Regent Park, Kolkata, West Bengal, India – 700040.
As per the financials filed for FY 2018, the company reported a revenue of ₹28.74 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹5.48 Cr (net margin -19.1%) and EBITDA of -₹4.54 Cr (EBITDA margin -15.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
As per MCA filings, the company has open charges of ₹27 Cr and satisfied charges of ₹4 Cr on record. Court records list 25 cases involving the company, including 24 filed by the company and 1 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shanti Merchandise Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address131/16 N.S.C Bose Road Regent Park, Kolkata, West Bengal, India – 700040
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Shanti Merchandise 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 Shanti Merchandise is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shanti Merchandise Private Limited, buy the company report.
Financials of Shanti Merchandise Private Limited
FY 2018 filings availableShanti Merchandise Private Limited reported revenue of ₹28.74 Cr (down 35% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 35% fall in the latest year. EBITDA fell 582% 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 | ₹28.74 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹4.54 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5.48 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -15.8% | |||
| Net Profit Margin | -19.1% | |||
| 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 Shanti Merchandise Private Limited, buy the company report.
Board of directors of Shanti Merchandise Private Limited
Shanti Merchandise has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indranand Choudhary Also directs: Winner Merchandise Private Limited, Madhuri Commodities Private Limited, Manomay Traders Private Limited and 3 more | Additional Director | 05 Feb 2020 | 6 Years 9 Months | Current |
| Sheo Prasad Agarwal | Director | 31 Jul 2007 | 19 Years 3 Months | Current |
Peer comparison
Shanti Merchandise Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fortune Technocomps Pvt Ltd | ₹28.88 Cr (FY 2025) | 41.0% | New Delhi, Delhi, India | |||
| Spectra Connectronics Private Limited | ₹28.77 Cr (FY 2016) | -5.0% | Mumbai, Maharashtra, India | |||
| Jolly Electricals Private Limited | ₹28.74 Cr (FY 2025) | -19.0% | Vadodara, Gujarat, India | |||
| Shanti Merchandise Private Limitedthis company | ₹28.74 Cr (FY 2018) | -₹5.48 Cr | -19.1% | -35.0% | Kolkata, West Bengal, India | |
| Fuevation Technology Solutions Private Limited | ₹28.73 Cr (FY 2024) | 11.0% | New Delhi, Delhi, India | |||
| Imgod Technologies Private Limited | ₹28.56 Cr (FY 2021) | -14.0% | New Delhi, Delhi, India |
To see the full peer comparison of Shanti Merchandise Private Limited, buy the company report.
Auditor
Shanti Merchandise Private Limited is audited by S A R P & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A R P & ASSOCIATES | FY 2018 | 007375C |
Shareholding
The shareholding of Shanti Merchandise Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shanti Merchandise Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2016 | 10627028 | Others | ₹2 Cr | Open | |
| 08 Jun 2011 | 10291161 | Axis Bank Limited | ₹20 Cr | Open | |
| 01 Feb 2011 | 10265732 | Axis Bank Limited | ₹5 Cr | Open | |
| 30 Nov 2009 | 10194813 | Indian Bank | ₹4 Cr | Satisfied |
To see the full charge records of Shanti Merchandise Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Shanti Merchandise Private Limited has 25 court cases on record: 24 filed by Shanti Merchandise, 1 filed against it. 6 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 1 | 6 |
| Supreme Court | 2 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed by the company against Videocon Industries Ltd | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against Videocon Industries Ltd | Disposed |
| Supreme Court | Court case (1431-Criminal Matters : Matters challenging prosecution under Negotiable Instruments Act) | Filed by the company against M/S Videocon Industries Limited Authorised Representative Authorised Representative 296, Udyog Vihar, Phase II , District: Gurgaon ,Gurgaon , Haryana | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Ms Videocon Industries Limited | Disposed |
| High Court, HARYANA | Criminal miscellaneous application | Filed by the company against M/S Videocon Industries Limited | Disposed |
To see the full case history of Shanti 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 Shanti Merchandise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shanti Merchandise has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AALCS0717Q1ZP | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shanti Merchandise Private Limited, buy the company report.
Recent activity
Shanti Merchandise Private Limited has 11 board changes on record since 2007: 2 appointments and 9 cessations. The latest: Indranand Choudhary was appointed as Additional Director on 05 Feb 2020.
9 earlier events are in the company report.
Frequently asked questions
Shanti Merchandise is an active private limited company based in Kolkata, West Bengal, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 31 July 2007 (19+ years old) and is registered under CIN U51909WB2007PTC117532.
Shanti Merchandise has 2 current directors:
- Indranand Choudhary - Additional Director
- Sheo Prasad Agarwal - Director
The latest financial statements of Shanti 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.
The GSTIN of Shanti Merchandise is 19AALCS0717Q1ZP, registered in West Bengal.
The CIN (Corporate Identification Number) of Shanti Merchandise is U51909WB2007PTC117532. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shanti Merchandise has 25 court cases on record: 24 filed by the company and 1 filed against it. 6 are pending. Most are in the district courts.
Shanti Merchandise was incorporated on 31 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Shanti Merchandise by revenue are Fortune Technocomps Pvt Ltd, Spectra Connectronics Private Limited, Jolly Electricals Private Limited, Fuevation Technology Solutions Private Limited, Imgod Technologies Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Indranand Choudhary was appointed as Additional Director on 05 Feb 2020. Anuja Agarwal ceased to be Director on 15 Sep 2019. Aditya Vikram Agarwal ceased to be Additional Director on 22 Nov 2013. Shanti Merchandise has 11 board changes on record in total.
The registered office of Shanti Merchandise is at 13116 N.S.C Bose Road Regent Park, Kolkata, West Bengal, India – 700040.
Shanti Merchandise operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
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