Avaran Sales Private Limited
About Avaran Sales Private Limited
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Avaran Sales Private Limited is a private limited company based in Lucknow, Uttar Pradesh, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 04 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U74900UP2010PTC039142. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Richa Srivastava and Jyoti Khare.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 11/335 Vikas Nagar, Lucknow, Uttar Pradesh, India – 226022.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.21 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹4.33 Lakh (net margin 0.7%) and EBITDA of ₹49.76 Lakh (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years.
As per MCA filings, the company has open charges of ₹2.6 Cr on record. Court records list 10 cases involving the company, including 10 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Avaran Sales Private Limited's registered office is in Lucknow, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address11/335 Vikas Nagar, Lucknow, Uttar Pradesh, India – 226022
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Avaran Sales 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 Avaran Sales is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Avaran Sales Private Limited, buy the company report.
Financials of Avaran Sales Private Limited
FY 2017 filings availableAvaran Sales Private Limited reported revenue of ₹6.21 Cr (up 25% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 82% over three years, including 25% growth in the latest year. EBITDA rose 14% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹6.21 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹49.76 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹4.33 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 8% | ||
| Net Profit Margin | 0.7% | ||
| 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 Avaran Sales Private Limited, buy the company report.
Board of directors of Avaran Sales Private Limited
Avaran Sales has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Khare | Additional Director | 30 May 2018 | 8 Years 4 Months | Current |
| Richa Srivastava | Director | 04 Jan 2010 | 16 Years 9 Months | Current |
Peer comparison
Avaran Sales Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Suisse A La Mode Private Limited | ₹6.25 Cr (FY 2020) | 609.0% | Neb Sarai, Sainik Farm, Delhi, India | |||
| Zoya Fashions Private Limited | ₹6.24 Cr (FY 2024) | -48.0% | Varanasi, Uttar Pradesh, India | |||
| Rajendra Kumar and Brothers Private Limited | ₹6.22 Cr (FY 2024) | -3.0% | Varanasi, Uttar Pradesh, India | |||
| Avaran Sales Private Limitedthis company | ₹6.21 Cr (FY 2017) | ₹4.33 Lakh | 0.7% | 25.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Avaran Sales Private Limited, buy the company report.
Auditor
Avaran Sales Private Limited is audited by AHUJA VIPUL & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AHUJA VIPUL & CO | FY 2017 | 008688C |
Shareholding
The shareholding of Avaran Sales Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Avaran Sales Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2015 | 10551833 | Oriental Bank of Commerce | ₹20 Lakh | Open | |
| 05 Dec 2013 | 10466650 | Oriental Bank of Commerce | ₹30 Lakh | Open | |
| 13 Nov 2013 | 10459571 | Oriental Bank of Commerce | ₹35 Lakh | Open | |
| 13 Nov 2013 | 10459575 | Oriental Bank of Commerce | ₹1 Cr | Open | |
| 15 Feb 2010 | 10210585 | Oriental Bank of Commerce | ₹75 Lakh | Open |
Total charge records: 5 View all charges
Legal cases
Avaran Sales Private Limited has 10 court cases on record: 10 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Zodiac Clothing Company Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Zodiac Clothing Company Ltd | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Neogrowth Credit Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms Zodiac Clothing Company Ltd | Disposed |
To see the full case history of Avaran Sales 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 Avaran Sales Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avaran Sales has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Avaran Sales Private Limited, buy the company report.
Recent activity
Avaran Sales Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Jyoti Khare was appointed as Additional Director on 30 May 2018.
2 earlier events are in the company report.
Frequently asked questions
Avaran Sales is an active private limited company based in Lucknow, Uttar Pradesh, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 04 January 2010 (16+ years old) and is registered under CIN U74900UP2010PTC039142.
Avaran Sales has 2 current directors:
- Jyoti Khare - Additional Director
- Richa Srivastava - Director
The latest financial statements of Avaran Sales on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Avaran Sales has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Avaran Sales is U74900UP2010PTC039142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaran Sales has 10 court cases on record: 10 filed against it. 1 is pending.
Avaran Sales was incorporated on 04 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Avaran Sales by revenue are Suisse A La Mode Private Limited, Zoya Fashions Private Limited, Rajendra Kumar and Brothers Private Limited, all in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (wholesale trading).
Jyoti Khare was appointed as Additional Director on 30 May 2018. Neeteesha Chaturvedi ceased to be Director on 20 Aug 2013. Radha Rathi ceased to be Director on 20 Aug 2013. Avaran Sales has 6 board changes on record in total.
The registered office of Avaran Sales is at 11335 Vikas Nagar, Lucknow, Uttar Pradesh, India – 226022.
Avaran Sales operates in the fashion and textile industry, in the fashion retail segment.