MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-MH-26-0133885
Revenue · FY 2019
₹3.1 Cr
▼ 76% YoY
Net loss · FY 2019
₹15.72 Cr
Latest filing
EBITDA · FY 2019
-₹11.22 Cr
EBITDA margin -362.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.36 Cr
Issued & subscribed
Open charges
₹14 Cr
Satisfied ₹5.56 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
38
Provident fund records
About Opal Luxury Time Products Limited
Data last updated:
Opal Luxury Time Products Limited is a public limited company based in Pune, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 10 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L33309PN2007PLC129597. Its GSTIN is 05AAACO9040R1Z1 (Uttarakhand). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 500504 and NSE: OPAL.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.36 Cr. It was formerly known as Opal Luxury Time Products Private Limited. It is led by directors including Pradeep Kisan Khandagale and Rajashri Pradeep Khandagale.
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 Unit No. 5 Dangat Patil Nagar S.No. 82/3 Shivane Off Nda Road Shivane, Pune, Maharashtra, India – 411023.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.1 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹15.72 Cr and EBITDA of -₹11.22 Cr (EBITDA margin -362.1%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Opal Clocks. As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹5.56 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 ipo), with disclosed funding of ₹12.43 Cr; the latest was in September 2017.
Opal Luxury Time Products Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0133885). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website opalclocks.com.
Company details
CIN L33309PN2007PLC129597
Registration Number 129597
Incorporation Date 10 February 2007
ROC Pune
Listing Status Listed (BSE: 500504, NSE: OPAL)
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0133885
CIN history
Opal Luxury Time Products has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L33309PN2007PLC129597, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L33309PN2007PLC129597 | Current |
| U33309PN2007PTC129597 | Previous |
| U33309PN2007PLC129597 | Previous |
Key People
Rajashri Pradeep Khandagale Additional Director Narendra Dharma Bhagatkar Additional Director Pradeep Kisan Khandagale Director Recognitions & Rankings of Opal Luxury Time Products
Contact details
Opal Luxury Time Products Limited's registered office is in Pune, Maharashtra. Its website is opalclocks.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressUnit No. 5 Dangat Patil Nagar S.No. 82/3 Shivane Off Nda Road Shivane, Pune, Maharashtra, India – 411023
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Opal Luxury Time Products Limited, buy the company report.
Comprehensive company report
Opal Luxury Time Products Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Opal Luxury Time Products operates one associated brand: Opal Clocks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| High-end designer wall and table clocks are manufactured and marketed. | opalclocks.com |
Business activity
The main business activity of Opal Luxury Time Products is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Opal Luxury Time Products Limited, buy the company report.
Financials of Opal Luxury Time Products Limited
FY 2019 filings availableOpal Luxury Time Products Limited reported revenue of ₹3.1 Cr (down 76% YoY) for FY 2019.
Revenue · FY 2019
₹3.1 Cr ▼ 76%
Net loss · FY 2019
₹15.72 Cr
EBITDA · FY 2019
-₹11.22 Cr margin -362.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 76%
3 years · compounded
▼ 51%
EBITDA CAGR growth
3 years · compounded
▼ 63%
Revenue has declined at a compounded annual rate (CAGR) of 51% over three years, including a 76% fall 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.1 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹11.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.72 Cr | ||||
| 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 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -362.1% | ||||
| Net Profit Margin | |||||
| 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 Opal Luxury Time Products Limited, buy the company report.
Board of directors of Opal Luxury Time Products Limited
Opal Luxury Time Products has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajashri Pradeep Khandagale | Additional Director | 08 May 2024 | 2 Years 6 Months | Current |
| Narendra Dharma Bhagatkar Also directs: Univastu India Limited, Vitalgreens Agriculture LLP | Additional Director | 08 May 2024 | 2 Years 6 Months | Current |
| Pradeep Kisan Khandagale | Director | 04 Sep 2023 | 3 Years 2 Months | Current |
Auditor
Opal Luxury Time Products Limited is audited by BHARAT J RUGHANI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHARAT J RUGHANI & CO | FY 2019 | 101220W |
Shareholding
The shareholding of Opal Luxury Time Products Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Opal Luxury Time Products Limited, buy the company report.
Charges & borrowings
Open charges
₹14 Cr
Satisfied charges
₹5.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2009 | 10145755 | Others | ₹14 Cr | Open | |
| 24 Sep 2011 | 10357410 | Intec Capital Limited | ₹65.88 Lakh | Satisfied | |
| 22 May 2010 | 10229265 | Central Bank of Inida | ₹3 Cr | Satisfied | |
| 30 Jul 2008 | 10115706 | Sbi Factors & Commercials Pvt.Ltd | ₹1.9 Cr | Satisfied |
To see the full charge records of Opal Luxury Time Products Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Opal Luxury Time Products Limited has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 ipo), with disclosed funding of ₹12.43 Cr; the latest was in September 2017.
Total deals
10
Secondary share transfers
6
Funding rounds
3
IPO
1
Disclosed funding
₹12.43 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Idbi Capital Markets & Securities Limited , STATE BANK OF INDIA Seller: RBL Bank Limited , Others Opal Luxury Time Products Ltd., Sbicap Trustee Company Limited |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Idbi Capital Markets & Securities Limited , RBL Bank Limited , Sbicap Trustee Company Limited Seller: Others Opal Luxury Time Products Ltd., Innoventive Venture Limited |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: Idbi Capital Markets & Securities Limited , Others Opal Luxury Time Products Ltd. Seller: SIDBI Ventures, Central Bank Of India |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Innoventive Venture Limited , 3 individuals Seller: Indian Overseas Bank, SIDBI Ventures, Idbi Capital Markets & Securities Limited |
| Apr 2013 | IPO | ₹13 Cr | Investors: SIDBI Ventures, Idbi Capital Markets & Securities Limited , Others Opal Luxury Time Products Ltd. |
To see the full deal history of Opal Luxury Time Products Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Opal Luxury Time Products Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Central Bank of India | Disposed |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
To see the full case history of Opal Luxury Time Products 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.
Credit ratings & regulatory alerts
Opal Luxury Time Products Limited was last rated by Crisil on 23 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Oct 2020 |
To see the full credit ratings and regulatory alerts of Opal Luxury Time Products Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Opal Luxury Time Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Opal Luxury Time Products Limited has a workforce of 38 employees on its EPFO records as of Aug 2018, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Employee growth
-11.6%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 38 |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 |
To see the full employee and EPFO history of Opal Luxury Time Products Limited, buy the company report.
GST
Opal Luxury Time Products has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAACO9040R1Z1 | Uttarakhand | Active | 01 Jul 2017 |
| 27AAACO9040R1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Opal Luxury Time Products Limited, buy the company report.
Recent activity
Opal Luxury Time Products Limited has 23 board changes on record since 2007: 13 appointments and 10 cessations. The latest: Narendra Dharma Bhagatkar was appointed as Additional Director on 08 May 2024.
Appointed
Narendra Dharma Bhagatkar was appointed as Additional Director.
Ceased
Pradeep Vasantrao Tupe ceased to be Director.
Ceased
Pratibha Gujar Subhash ceased to be Director.
Appointed
Rajashri Pradeep Khandagale was appointed as Additional Director.
Ceased
Sameer Subhash Gujar ceased to be Managing Director.
Appointed
Pradeep Kisan Khandagale was appointed as Director.
AGM
Opal Luxury Time Products Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Ceased
Nimisha Purohit ceased to be Company Secretary.
Ceased
Ramachandran Velayudhan Nair ceased to be Director.
Filing
Opal Luxury Time Products Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Pune.
Appointed
Nimisha Purohit was appointed as Company Secretary.
Charges
A charge with Others of Rs. 14.00 Cr registered on 26 Feb 2009 with Charge ID 10145755 was modified on 05 Aug 2017.
22 earlier events are in the company report.
Frequently asked questions
Opal Luxury Time Products is an active public limited company based in Pune, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 10 February 2007 (19+ years old) and is registered under CIN L33309PN2007PLC129597. Listed on BSE: 500504 and NSE: OPAL.
Opal Luxury Time Products has 3 current directors:
- Rajashri Pradeep Khandagale - Additional Director
- Narendra Dharma Bhagatkar - Additional Director
- Pradeep Kisan Khandagale - Director
The latest financial statements of Opal Luxury Time Products 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 2015 are in the company report.
The GSTIN of Opal Luxury Time Products is 05AAACO9040R1Z1, registered in Uttarakhand. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACO9040R1ZV (Maharashtra).
The CIN (Corporate Identification Number) of Opal Luxury Time Products is L33309PN2007PLC129597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Opal Luxury Time Products is a listed company as per MCA records. Its shares are listed on both BSE (code: 500504) and NSE (symbol: OPAL).
Opal Luxury Time Products has 2 court cases on record: 2 filed against it. Most are in the district courts.
Opal Luxury Time Products was incorporated on 10 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pune.
Opal Luxury Time Products has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 ipo), with disclosed funding of ₹12.43 Cr; the latest was in September 2017.
Narendra Dharma Bhagatkar was appointed as Additional Director on 08 May 2024. Pradeep Vasantrao Tupe ceased to be Director on 08 May 2024. Pratibha Gujar Subhash ceased to be Director on 08 May 2024. Opal Luxury Time Products has 23 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages