Olympic Express Air Services Private Limited
About Olympic Express Air Services Private Limited
Data last updated:
Olympic Express Air Services Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the travel and tour services segment of the transport and logistics sector. It was incorporated on 26 February 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63040MH1999PTC118554. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.5 Lakh. It is led by directors including Sanjay Vasantlal Thanawala and Rajesh Chandrakant Thanawala.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Ram Niwasbasement Gokhale Rd Naupada, Thane, Maharashtra, India – 400602.
As per the financials filed for FY 2018, the company reported a revenue of ₹16.49 Lakh, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹1.41 Lakh (net margin 8.5%) and EBITDA of ₹8.53 Lakh (EBITDA margin 51.7%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
As per MCA filings, the company has open charges of ₹94 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Olympic Express Air Services Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRam Niwasbasement Gokhale Rd Naupada, Thane, Maharashtra, India – 400602
- IndustryTransport and Logistics, Travel & Tour Services
To see the full contact details of Olympic Express Air Services 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 Olympic Express Air Services is support service to organizations. In detail, this covers travel agency and tour operators.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Olympic Express Air Services Private Limited, buy the company report.
Financials of Olympic Express Air Services Private Limited
FY 2018 filings availableOlympic Express Air Services Private Limited reported revenue of ₹16.49 Lakh (down 20% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 20% fall in the latest year. EBITDA rose 11% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Total Expenses | ||||
| EBITDA | ₹8.53 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.41 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 51.7% | |||
| Net Profit Margin | 8.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Olympic Express Air Services Private Limited, buy the company report.
Board of directors of Olympic Express Air Services Private Limited
Olympic Express Air Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Vasantlal Thanawala Also directs: Thanawala Brothers and Inns Private Limited | Director | 26 Feb 1999 | 27 Years 8 Months | Current |
| Rajesh Chandrakant Thanawala | Director | 26 Feb 1999 | 27 Years 8 Months | Current |
| Samir Chandrakant Thanawala | Director | 26 Feb 1999 | 27 Years 8 Months | Current |
Peer comparison
Olympic Express Air Services Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Click and Katch Private Limited | ₹16.56 Lakh (FY 2022) | 38.0% | Jalandhar, Punjab, India | |||
| Olympic Express Air Services Private Limitedthis company | ₹16.49 Lakh (FY 2018) | ₹1.41 Lakh | 8.5% | -20.0% | Thane, Maharashtra, India | |
| Exotic Vacationz Hospitality & Travelprivate Limited | ₹16.45 Lakh (FY 2022) | 196.0% | Delhi, India | |||
| Aiza International Tours and Travels Private Limited | ₹16.41 Lakh (FY 2020) | 1162.0% | Delhi, India |
To see the full peer comparison of Olympic Express Air Services Private Limited, buy the company report.
Auditor
Olympic Express Air Services Private Limited is audited by MEHUL M. MUNDHRA for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHUL M. MUNDHRA | FY 2015 |
Shareholding
The shareholding of Olympic Express Air Services 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 Olympic Express Air Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2004 | 90145274 | The Thane Janata Sahakari Bank Ltd | ₹35 Lakh | Open | |
| 28 Sep 2001 | 90143591 | Tjsb Sahakari Bank Limited | ₹32 Lakh | Open | |
| 28 Sep 2001 | 90146221 | The Thane Janata Sahakari Bank Ltd | ₹9 Lakh | Open | |
| 09 Oct 2000 | 90146123 | The Thane Janata Sahakari Bank Ltd | ₹2 Lakh | Open | |
| 28 Mar 2000 | 90142811 | The Thane Janata Sahakari Bank Ltd | ₹3 Lakh | Open |
To see the full charge records of Olympic Express Air Services Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Olympic Express Air Services Private Limited has 1 court case on record: 1 filed by Olympic Express Air Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Ms.Phoenix Alchemy Pvt.Ltd. 3 | Disposed |
To see the full case history of Olympic Express Air Services 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 Olympic Express Air Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Olympic Express Air Services 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 Olympic Express Air Services Private Limited, buy the company report.
Recent activity
Olympic Express Air Services Private Limited has 6 board changes on record since 1999: 3 appointments and 3 cessations. The latest: Rajesh Chandrakant Thanawala ceased to be Director on 12 Mar 2019.
6 earlier events are in the company report.
Frequently asked questions
Olympic Express Air Services is an active private limited company based in Thane, Maharashtra, India. The company works in travel and tour services, within the transport and logistics industry. It was incorporated on 26 February 1999 (27+ years old) and is registered under CIN U63040MH1999PTC118554.
Olympic Express Air Services has 3 current directors:
- Sanjay Vasantlal Thanawala - Director
- Rajesh Chandrakant Thanawala - Director
- Samir Chandrakant Thanawala - Director
The latest financial statements of Olympic Express Air Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Olympic Express Air Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Olympic Express Air Services is U63040MH1999PTC118554. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Olympic Express Air Services has 1 court case on record: 1 filed by the company.
Olympic Express Air Services was incorporated on 26 February 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Olympic Express Air Services by revenue are Click and Katch Private Limited, Exotic Vacationz Hospitality & Travelprivate Limited, Aiza International Tours and Travels Private Limited, all in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators).
Rajesh Chandrakant Thanawala ceased to be Director on 12 Mar 2019. Sanjay Vasantlal Thanawala ceased to be Director on 12 Mar 2019. Piyush Vasantlal Thanawala ceased to be Director on 04 Dec 2018. Olympic Express Air Services has 6 board changes on record in total.
The registered office of Olympic Express Air Services is at Ram Niwasbasement Gokhale Rd Naupada, Thane, Maharashtra, India – 400602.
Olympic Express Air Services operates in the transport and logistics industry, in the travel and tour services segment.
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