Advait Linen Solutions Private Limited
About Advait Linen Solutions Private Limited
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Advait Linen Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the facility management segment of the business services sector. It was incorporated on 22 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2016PTC166098. Its GSTIN is 27AAOCA7227N2Z1 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Sasikala Saravan Kumaran and Praveen Achudhan Kutty Menon.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Pl – 15 Sec – 25(Sdc) Shop – 12 Krishna Park Sindhu Nagar Nigdi – Pradhikaran, Pune, Maharashtra, India – 411044.
As per the financials filed for FY 2019, the company reported a revenue of ₹46.47 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹54.97 Lakh (net margin -118.3%) and EBITDA of -₹28.09 Lakh (EBITDA margin -60.4%).
As per MCA filings, the company has open charges of ₹98 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Advait Linen Solutions Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPl – 15 Sec – 25(Sdc) Shop – 12 Krishna Park Sindhu Nagar Nigdi – Pradhikaran, Pune, Maharashtra, India – 411044
- IndustryBusiness Services, Facility Management
To see the full contact details of Advait Linen Solutions 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 Advait Linen Solutions is personal and household service. In detail, this covers washing and cleaning of textile and fur products, hair dressing and other beauty treatment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S3 | Washing and cleaning of textile and fur products, Hair dressing and other beauty treatment |
To see the full business activity and turnover split of Advait Linen Solutions Private Limited, buy the company report.
Financials of Advait Linen Solutions Private Limited
FY 2019 filings availableAdvait Linen Solutions Private Limited reported revenue of ₹46.47 Lakh (up 14806% YoY) for FY 2019.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹46.47 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹28.09 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹54.97 Lakh | ||
| 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 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -60.4% | ||
| Net Profit Margin | -118.3% | ||
| 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 Advait Linen Solutions Private Limited, buy the company report.
Board of directors of Advait Linen Solutions Private Limited
Advait Linen Solutions has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sasikala Saravan Kumaran | Director | 22 Aug 2016 | 10 Years 2 Months | Current |
| Praveen Achudhan Kutty Menon | Director | 22 Aug 2016 | 10 Years 2 Months | Current |
| Gautam Pandurang Patil | Director | 22 Aug 2016 | 10 Years 2 Months | Current |
| Kumarsathiyanarayanan Krishnan Nair | Director | 22 Aug 2016 | 10 Years 2 Months | Current |
Auditor
Advait Linen Solutions Private Limited is audited by A V DABAKE & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V DABAKE & CO | FY 2019 | 137079W |
Shareholding
The shareholding of Advait Linen Solutions Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Advait Linen Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2017 | 100108560 | Vijaya Bank | ₹98 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Advait Linen Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Excel Sales Corporation Through Director Mr. Prabhakar Darshrath Nalawade | Disposed |
To see the full case history of Advait Linen Solutions 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 Advait Linen Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Advait Linen Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCA7227N2Z1 | Maharashtra | Active | 18 Sep 2017 |
To see the full GST registrations and return filing status of Advait Linen Solutions Private Limited, buy the company report.
Recent activity
Advait Linen Solutions Private Limited has 5 board changes on record since 2016: 4 appointments and 1 cessation. The latest: Sushil Javerimal Jain ceased to be Director on 01 Feb 2017.
Frequently asked questions
Advait Linen Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in facility management, within the business services industry. It was incorporated on 22 August 2016 (10+ years old) and is registered under CIN U74999PN2016PTC166098.
Advait Linen Solutions has 4 current directors:
- Sasikala Saravan Kumaran - Director
- Praveen Achudhan Kutty Menon - Director
- Gautam Pandurang Patil - Director
- Kumarsathiyanarayanan Krishnan Nair - Director
The latest financial statements of Advait Linen Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Advait Linen Solutions is 27AAOCA7227N2Z1, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Advait Linen Solutions is U74999PN2016PTC166098. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advait Linen Solutions has 1 court case on record: 1 filed against it.
Advait Linen Solutions was incorporated on 22 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Sushil Javerimal Jain ceased to be Director on 01 Feb 2017. Gautam Pandurang Patil was appointed as Director on 22 Aug 2016. Kumarsathiyanarayanan Krishnan Nair was appointed as Director on 22 Aug 2016. Advait Linen Solutions has 5 board changes on record in total.
The registered office of Advait Linen Solutions is at Pl – 15 Sec – 25Sdc Shop – 12 Krishna Park Sindhu Nagar Nigdi – Pradhikaran, Pune, Maharashtra, India – 411044.
Advait Linen Solutions operates in the business services industry, in the facility management segment.
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