Le Merite Exports Limited

Founded in 2003 and headquartered in Maharashtra, India.

2003 | Mumbai, Maharashtra (India) | Active
Last Updated:

Le Merite Exports Profile

Key Indicators

  • Authorised Capital ₹ 35.00 Cr
  • Paid Up Capital ₹ 23.48 Cr
  • Company Age 21 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 87.54 Cr
  • Satisfied Charges ₹ 113.76 Cr
  • Revenue Growth 95.95%
  • Profit Growth 202.71%
  • Ebitda 197.27%
  • Net Worth 86.21%
  • Total Assets 91.82%

About Le Merite Exports

Le Merite Exports Limited (LMEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 December 2003 and has a history of 21 years and three months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Le Merite Exports Private Limited. The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 35.00 Cr and a paid-up capital of Rs 23.48 Cr.

The company currently has active open charges totaling ₹87.54 Cr. The company has closed loans amounting to ₹113.76 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Le Merite Exports Limited India are Abhisek Lath as CFO and Sandeep Poddar as Company Secretary. Abhisek Lath, Rohit Agarwal, Umashankar Lath, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17111MH2003PLC143645

  • Company No.

    143645

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Dec 2003

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Le Merite Exports Limited offer?

Le Merite Exports Limited offers a wide range of products and services, including Yarns & Threads, Cotton Yarn, Spun Yarn, Yarn, Slub Yarn, Carded Weaving Yarn, Cotton Carded Yarn, Polyester Cotton Yarn, Combed Weaving Yarn, Polyester Yarn.

Who are the key members and board of directors at Le Merite Exports?

Executive Team (3)

NameDesignationAppointment DateStatus
Abhisek Lath Country flag representing In Managing Director18-Nov-2021Current
Umashankar Lath Country flag representing In Managing Director18-Nov-2021Current
Sandeep Poddar Company Secretary05-Sep-2022Current

Board Members (4)

NameDesignationAppointment DateStatus
Jaydeep Mehta Country flag representing In Director 25-Jan-2022Current
Rohit Agarwal Country flag representing In Director 25-Jan-2022Current
Sweta Lath Country flag representing In Director 18-Nov-2021Current
Narendra Srivastava Country flag representing In Director 25-Jan-2022Current

Financial Performance of Le Merite Exports.

Le Merite Exports Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 95.95% increase. The company also saw a substantial improvement in profitability, with a 202.71% increase in profit. The company's net worth Soared by an impressive increase of 86.21%.

Le Merite Exports revenue growth over time
Le Merite Exports profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
95.95%
Revenue from Operations
95.94%
Total Assets
91.82%
Profit or Loss
202.71%
Net Worth
86.21%
EBITDA
197.27%

What is the Ownership and Shareholding Structure of Le Merite Exports?

In 2022, Le Merite Exports had a promoter holding of 99.99% and a public holding of 0.01%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹87.54 Cr

Satisfied Charges

₹113.76 Cr

Charges Breakdown by Lending Institutions

  • Others : 51.82 Cr
  • Hdfc Bank Limited : 20.72 Cr
  • Uco Bank : 15.00 Cr

Latest Charge Details

DateLenderAmountStatus
29 Jul 2023Hdfc Bank Limited₹5.00 CrOpen
22 Apr 2022Hdfc Bank Limited₹15.00 CrOpen
21 Sep 2021Uco Bank₹15.00 CrOpen
12 Aug 2021Others₹24.50 CrOpen
12 Aug 2021Others₹5.00 MOpen

How Many Employees Work at Le Merite Exports?

Le Merite Exports has a workforce of 18 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Le Merite Exports Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Le Merite Exports, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Le Merite Exports's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Le Merite Exports

Recent activity within the organization

  • Annual General Meeting

    Le Merite Exports Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others of Rs. 24.50 Cr registered on 12 Aug 2021 with Charge ID 100469000 was modified on 04 Sep 2024.

  • Balance Sheet

    Le Merite Exports Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100776978 was registered on 29 Jul 2023.

  • Charges

    A charge with Uco Bank of Rs. 15.00 Cr registered on 21 Sep 2021 with Charge ID 100488889 was modified on 13 Feb 2023.

  • Charges

    A charge registered on 03 Feb 2021 via Charge ID 100416882 with Tirupati Urban Co-Op. Bank Limited was fully satisfied on 09 Dec 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Le Merite Exports Limited?

    Le Merite Exports Limited was incorporated on 24 Dec 2003.

  • What is authorized share capital and paid-up capital of Le Merite Exports Limited?

    The authorized share capital of Le Merite Exports Limited is ₹ 35.00 Cr and paid-up capital is ₹ 23.48 Cr.

  • Who are the current board members & directors of Le Merite Exports Limited?

    Currently 8 directors are associated with Le Merite Exports Limited.

    • Abhisek Lath
    • Rohit Agarwal
    • Umashankar Lath
    • Jaydeep Purujit Mehta
    • Sweta Lath
    • Narendra Kumar Srivastava
    • Abhisek Lath
    • Sandeep Poddar

  • What is the registered address of Le Merite Exports Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Le Merite Exports Limited is A-307 Boomerang Chandivali Farm Road Powai, Andheri (East) India, Mumbai, Maharashtra, 400072.

  • What is the corporate identification number (CIN) and company number of Le Merite Exports Limited?

    The corporate identification number (CIN) of Le Merite Exports Limited is L17111MH2003PLC143645 and the company number is 143645 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Le Merite Exports Limited?

    The Official website of Le Merite Exports Limited is https://www.lemeriteexports.com

  • What has been the recent revenue trend for Le Merite Exports Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Le Merite Exports Limited has risen by 95.95%.

  • How many employees does Le Merite Exports Limited currently have?

    As Per 2022 financial reports, 18 employees are currently employed by Le Merite Exports Limited.

  • What change has been observed in the net worth of Le Merite Exports Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Le Merite Exports Limited has experienced an upsurge of 86.21%.

  • What are the total open charges for Le Merite Exports Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Le Merite Exports Limited amount to ₹ 87.54 Cr.

  • When was the last Balance Sheet of Le Merite Exports Limited filed with the ROC?

    The most recent Balance Sheet for Le Merite Exports Limited was filed with the ROC on 31 Mar 2024.

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