Merit Credit Corporation Profile
Key Indicators
- Authorised Capital ₹ 10.50 Cr
- Paid Up Capital ₹ 7.35 Cr
- Company Age 37 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 80.00 Cr
- Satisfied Charges ₹ 19.00 Cr
- Revenue Growth 291.09%
- Profit Growth -140.06%
- Ebitda 460.79%
- Net Worth -3.36%
- Total Assets 62.11%
About Merit Credit Corporation
Merit Credit Corporation Limited (MCCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 June 1987 and has a history of 37 years and 11 months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as M.H. Investments Private Limited. The Company is engaged in the Financial Services 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 10.50 Cr and a paid-up capital of Rs 7.35 Cr.
The company currently has active open charges totaling ₹80.00 Cr. The company has closed loans amounting to ₹19.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Omdutt Sharma, Bhakti Jani, and Mrudulaben Patel serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65910GJ1987PLC009699
- Company No.
009699
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Jun 1987
- Date of AGM
28 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Financial Services
Merit Credit Corporation Limited
Explore comprehensive data for Merit Credit Corporation Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Merit Credit Corporation?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Omdutt Sharma  | Director | 03-Sep-2024 | Current |
| Bhakti Jani | Director | 03-Sep-2024 | Current |
| Mrudulaben Patel | Director | 01-Mar-1999 | Current |
Financial Performance of Merit Credit Corporation.
Merit Credit Corporation Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 291.09% increase. The company also saw a substantial fall in profitability, with a 140.06% decrease in profit. The company's net worth dipped by a decrease of 3.36%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Merit Credit Corporation?
In 2020, Merit Credit Corporation had a promoter holding of 39.47% and a public holding of 60.54%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Mrudulaben Patel is a mutual person
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Mrudulaben Patel is a mutual person
- Shuchi Reality Private Limited
Mrudulaben Patel is a mutual person
Charges (Loans)
Open Charges
₹80.00 Cr
Satisfied Charges
₹19.00 Cr
Charges Breakdown by Lending Institutions
- Others : 80.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2022 | Others | ₹40.00 Cr | Open |
| 21 Sep 2022 | Others | ₹40.00 Cr | Open |
| 14 Jul 2018 | Others | ₹6.00 Cr | Satisfied |
| 18 May 2015 | Axis Finance Limited | ₹10.00 Cr | Satisfied |
| 11 Mar 2015 | Others | ₹3.00 Cr | Satisfied |
How Many Employees Work at Merit Credit Corporation?
Unlock and access historical data on people associated with Merit Credit Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Merit Credit Corporation, 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 Merit Credit Corporation'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.
Latest Updates, News, and FAQs on Merit Credit Corporation
Recent activity within the organization
- Annual General Meeting
Merit Credit Corporation Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
- Director Appointment
Omdutt Laxminarayan Sharma was appointed as a Director was appointed as a Director on 03 Sep 2024 & has been associated with this company since 7 months 30 days .
- Director Appointment
Bhakti Atulkumar Jani was appointed as a Director was appointed as a Director on 03 Sep 2024 & has been associated with this company since 7 months 30 days .
- Balance Sheet
Merit Credit Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge registered on 14 Jul 2018 via Charge ID 100193308 with Others was fully satisfied on 23 Oct 2023.
- Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100641257 was registered on 27 Sep 2022.
Frequently asked questions
What is the Incorporation or founding date of Merit Credit Corporation Limited?
Merit Credit Corporation Limited was incorporated on 03 Jun 1987.
What is authorized share capital and paid-up capital of Merit Credit Corporation Limited?
The authorized share capital of Merit Credit Corporation Limited is ₹ 10.50 Cr and paid-up capital is ₹ 7.35 Cr.
Who are the current board members & directors of Merit Credit Corporation Limited?
Currently 3 directors are associated with Merit Credit Corporation Limited.
- Omdutt Laxminarayan Sharma
- Bhakti Atulkumar Jani
- Mrudulaben Harshadbhai Patel
What is the registered address of Merit Credit Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Merit Credit Corporation Limited is 3 Ravipushpa Apartment Opp Sunset Row House, Gurukul Road India, Ahmedabad, Gujarat, 380052.
What is the corporate identification number (CIN) and company number of Merit Credit Corporation Limited?
The corporate identification number (CIN) of Merit Credit Corporation Limited is U65910GJ1987PLC009699 and the company number is 009699 as per Ministry of Corporate Affairs (MCA).
What is the official website of Merit Credit Corporation Limited?
The Official website of Merit Credit Corporation Limited is https://www.mccl.in.net
What has been the recent revenue trend for Merit Credit Corporation Limited?
According to the financial reports for the fiscal year 2020, the revenue trend for Merit Credit Corporation Limited has risen by 291.09%.
What change has been observed in the net worth of Merit Credit Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2020 indicates that The net worth of Merit Credit Corporation Limited has experienced an downturn of -3.36%.
What are the total open charges for Merit Credit Corporation Limited?
As per the financial statements for fiscal Year 2020, The total open charges for Merit Credit Corporation Limited amount to ₹ 80.00 Cr.
When was the last Balance Sheet of Merit Credit Corporation Limited filed with the ROC?
The most recent Balance Sheet for Merit Credit Corporation Limited was filed with the ROC on 31 Mar 2024.
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