Merino Industries Profile
Key Indicators
- Authorised Capital ₹ 19.75 Cr
- Paid Up Capital ₹ 11.18 Cr
- Company Age 59 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 988.25 Cr
- Satisfied Charges ₹ 1,071.39 Cr
- Revenue Growth 22.78%
- Profit Growth -11.03%
- Ebitda 18.24%
- Net Worth 7.51%
- Total Assets 23.60%
About Merino Industries
Merino Industries Limited (MIL) was founded in India on 29 July 1965 and has a glorious history of 59 years and six months. Its registered office is in Kolkata, West Bengal, India.
The Corporate was formerly known as H.N.Lohia (Agencies) Pvt Ltd. 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 2023. It's a company limited by shares with an authorized capital of Rs 19.75 Cr and a paid-up capital of Rs 11.18 Cr.
The company currently has active open charges totaling ₹988.25 Cr. The company has closed loans amounting to ₹1,071.39 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Merino Industries Limited India are Sachin Selot as CFO and Bala Ji as Company Secretary. Prasan Lohia, Prakash Lohia, Madhusudan Lohia, and Ten other members serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51909WB1965PLC026556
- Company No.
026556
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Jul 1965
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
What products or services does Merino Industries Limited offer?
Merino Industries Limited offers a wide range of products and services, including Data Entry & Data Processing Service, Data Conversion Services, Adhesives, Glue and Sealants, Solvent Based Adhesives, Veg Snacks, Veg Burger, Khakhra, Pav Bhaji Khakhra, Pulses, Moong Dal.
Who are the key members and board of directors at Merino Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prakash Lohia  | Managing Director | 14-Jul-1976 | Current |
| Sachin Selot | CFO | 11-Jan-2021 | Current |
| Bala Ji | Company Secretary | 09-Jul-2021 | Current |
Board Members (12)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Prasan Lohia | Whole-Time Director | 01-Oct-2004 | Current |
| Madhusudan Lohia | Whole-Time Director | 01-Oct-2006 | Current |
| Anil Jajoo | Whole-Time Director | 23-Feb-2023 | Current |
| Rup Lohia | Whole-Time Director | 01-Jan-2002 | Current |
| Manoj Lohia | Whole-Time Director | 01-Dec-2020 | Current |
| Nripen Dugar | Whole-Time Director | 08-Oct-1986 | Current |
Financial Performance of Merino Industries.
Merino Industries Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.78% increase. The company also saw a substantial fall in profitability, with a 11.03% decrease in profit. The company's net worth moved up by a moderate rise of 7.51%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Merino Industries?
In 2022, Merino Industries had a promoter holding of 95.25% and a public holding of 4.76%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Merino Consulting Services LimitedPrasan Lohia, Prakash Lohia and 3 more are mutual person
Srinivasa Resorts LtdKooretti Prasad is a mutual person
Merino Properties Private LimitedPrasan Lohia, Prakash Lohia and 6 more are mutual person
- Kbgb Agritech Private Limited
Anil Jajoo and Deepak Lohia are mutual person
Dic India LimitedPrabal Sarkar is a mutual person
Mankumar Lohia Agro LimitedMadhusudan Lohia is a mutual person
Charges (Loans)
₹988.25 Cr
₹1,071.39 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 905.00 Cr
- Citi Bank N.A. : 60.00 Cr
- Others : 23.00 Cr
- United Bank Of India : 0.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Sep 2023 | Axis Bank Limited | ₹260.00 Cr | Open |
| 24 Dec 2021 | Axis Bank Limited | ₹445.00 Cr | Open |
| 09 Nov 2021 | Axis Bank Limited | ₹10.00 Cr | Open |
| 16 Aug 2021 | Others | ₹23.00 Cr | Open |
| 22 Apr 2019 | Citi Bank N.A. | ₹60.00 Cr | Open |
How Many Employees Work at Merino Industries?
Merino Industries has a workforce of 2505 employees as of Apr 01, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Merino Industries, 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 Merino Industries's trajectory.
Rating
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
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.
