Promoter holding
64.27%
ML
Mercator Limited - Due diligence report
A 360° intelligence report on Mercator: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Mercator — 360° Intelligence Report
Generated from MCA filings & public records25/100
Trust Score
Caution Indicated
Mercator is assessed as Caution Indicated with a Trust Score of 25/100. Mercator is a public limited indian non-government company incorporated in 1983, operating in the Metals and Minerals sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 07 Aug 2026 from the latest processed filings. Mercator Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreCaution Indicated
25/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
5/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Externally credit-rated (D).
Charges position: 20 open (1,194.01 cr) · 41 satisfied (4,752.02 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Axis Bank Limited | 14 | 48.0 cr |
| Axis Trustee Services Limited | 6 | 48.0 cr |
| Others | 14 | 48.0 cr |
| State Bank Of India | 4 | 48.0 cr |
| 3I Infotech Trusteeship Services Limited | 2 | 48.0 cr |
| Icici Bank Limited | 3 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Liquidation" - not Active.
- Last balance sheet is for Mar 2020 - filings overdue.
- Flagged by authority: BSE, NCLT.
- Litigation present in 3 court forum(s).
- 8 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KRISHNA CHAMADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARISH MITTAL KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHALABH MITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RITU VATS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAGMOHAN TALAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUKHDARSHAN SINGH BEDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shalabh Mittal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDRA KUMAR KOTHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- SUKHDARSHAN SINGH BEDI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2018 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
9 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Marvel Value International Ltd. | Subsidiary Company | 74.00% |
| Mcs Holdings Pte. Ltd. | Subsidiary Company | 74.00% |
| Mercator International Pte. Ltd | Subsidiary Company | 74.00% |
| Offshore Holdings Company Pte. Ltd. | Subsidiary Company | 74.00% |
| Oorja (batua) Pte. Ltd. | Subsidiary Company | 74.00% |
| Oorja 1 Pte. Ltd. | Subsidiary Company | 74.00% |
| Oorja 2 Pte. Ltd. | Subsidiary Company | 74.00% |
| Oorja Holdings Pte. Ltd. | Subsidiary Company | 74.00% |
| Oorja Mozambique Limitada | Subsidiary Company | 74.00% |
| Mercator Oil & Gas Limited | Subsidiary Company | 74.00% |
Key managerial personnel: HARISH MITTAL KUMAR (Whole-time director) · SHALABH MITTAL (CEO) · Shalabh Mittal (CEO) · RAJENDRA KUMAR KOTHARI (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 5
Growth signals & trust indicators
Operating for 42+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Under Liquidation.
Compliance score is weak (5/100).
20 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence11/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 5 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment23/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 20 open charge(s) of 1,194.01 cr already registered.
- Compliance gaps should be priced into terms.
Investor view24/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events16 Jun 2025
Director appointed
KRISHNA CHAMADIA (IRP/RP/Liquidator)
Director ceased
GIRISH SIRIRAM JUNEJA
21 Oct 2022
Director ceased
HARISH MITTAL KUMAR
29 Dec 2020
Last AGM held
Annual general meeting
29 Sep 2020
Director ceased
MAN MOHAN AGRAWAL
25 Sep 2020
Director ceased
CHETAN RAMESHCHANDRA DESAI
23 Sep 2020
Director appointed
RITU VATS (Director)
Director appointed
JAGMOHAN TALAN (Director)
Director appointed
SUKHDARSHAN SINGH BEDI (Director)
17 Apr 2020
Charge satisfied
Axis Bank Limited
07 Apr 2020
Charge satisfied
Others
31 Mar 2020
Latest balance sheet
Filed with ROC
31 Dec 2019
Director ceased
AMEETA TREHAN
23 Jul 2019
Director ceased
Sangeetha Nilesh Pednekar
03 Jul 2019
Director ceased
ARCHANA MITTAL
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
8 active director(s) / partner(s); review board churn before relying on management continuity.
8 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 9 security allotment(s) - amounts available in the full report.
77 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Maskati Shipping And Logistics | U63011CT2009PTC021157 | Raipur, Chattisgarh, India |
| Balaji Integrated Shipping India Private Limited | U61100TG2008PTC059219 | Hyderabad, Telangana, India |
| Twinlight Container Leasing Private Limited | U63030MH2020PTC335490 | Mumbai, Maharashtra, India |
| Searoute Logistics Private Limited | U63090MH2003PTC141816 | Mumbai, Maharashtra, India |
| Eminence Shipping Agencies Private Limited | U63000WB2011PTC158731 | Kolkata, West Bengal, India |
| Vishwa Samudra Bio Industries Private Limited | U15100AP2010PTC110295 | Nellore, Andhra Pradesh, India |
| Focusshipping | U61100AP2008PTC061656 | Vishakhapatnam, Andhra Pradesh, India |
| Navinya Shipping Services Private Limited | U74950MH2010PTC200782 | Navi Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mercator before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mercator: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Mercator - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 25/100, distress signals and MSME payment-delay disclosures - know whether Mercator pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Mercator - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mercator an active company?
Mercator has MCA status “Under Liquidation” with a compliance score of 5/100 (Caution Indicated).
Is Mercator financially healthy?
Mercator has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Mercator?
Its overall Trust Score is 25/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mercator?
Promoters hold the largest single block of equity - exact percentages are in the full report. 8 active director(s) are on record.
Does Mercator have loans or charges against its assets?
20 open charge(s) are registered against its assets, and 41 earlier charge(s) stand satisfied.
Is Mercator up to date with its ROC filings?
Last balance sheet is for Mar 2020 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Mercator?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
