About Optimum Spices Private Limited
Data last updated:
Optimum Spices Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 08 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U15100OR2017PTC027884. Its GSTIN is 21AACCO5945P1Z3 (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Balaram Sethi and Nirjharini Parida.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at At – Naragoda Po – Tamando, Bhubaneswar, Odisha, India – 752077.
As per the financials filed for FY 2023, the company reported a revenue of ₹17.2 Lakh, a growth of 91% compared to the previous year. For the same year it recorded a net loss of ₹87 (net margin 0%) and EBITDA of ₹23,427 (EBITDA margin 1.4%).
As per MCA filings, the company has open charges of ₹3 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website optimumspices.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressAt – Naragoda Po – Tamando, Bhubaneswar, Odisha, India – 752077
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Optimum Spices Private Limited
The main business activity of Optimum Spices is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Optimum Spices Private Limited FY 2023 filings available
Optimum Spices Private Limited reported revenue of ₹17.2 Lakh (up 91% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Optimum Spices Private Limited
Revenue rose 91% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Optimum Spices Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹23,427 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹87 | •••• | •••• | •••• | •••• |
| 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 of Optimum Spices Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Optimum Spices are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Optimum Spices Private Limited
Optimum Spices Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution, Spices). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Buildouble Green Works Private Limited | ₹17.28 Lakh (FY 2024) | •••• | •••• | -92.0% | •••• | Mumbai, Maharashtra, India |
| Jamb Bavikar Agro Producer Company Limited | ₹17.27 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Osmanabad, Maharashtra, India |
| Ekta Developers Private Limited | ₹17.27 Lakh (FY 2025) | •••• | •••• | -41.0% | •••• | Hyderabad, Telangana, India |
| Bigway Exports Private Limited | ₹17.26 Lakh (FY 2025) | •••• | •••• | 18.0% | •••• | Delhi, India |
| Solom Trading Private Limited | ₹17.25 Lakh (FY 2025) | •••• | •••• | -52.0% | •••• | Port Blair, Andaman and Nicobar Islands, India |
| Optimum Spices Private Limited this company | ₹17.2 Lakh (FY 2023) | •••• | •••• | 91.0% | •••• | Bhubaneswar, Odisha, India |
| Girindra Agro Industries Private Limited | ₹17.2 Lakh (FY 2016) | •••• | •••• | -81.0% | •••• | Burdwan, West Bengal, India |
| Ourmet Foods Private Limited | ₹17.2 Lakh (FY 2022) | •••• | •••• | -34.0% | •••• | Navi Mumbai, Maharashtra, India |
| Indus Tech Private Limited | ₹17.17 Lakh (FY 2021) | •••• | •••• | •••• | Chandigarh, India | |
| Aashita Foodtech Private Limited | ₹17.15 Lakh (FY 2022) | •••• | •••• | -77.0% | •••• | Bhubaneswar, Odisha, India |
| Trivani Sumruddhi Producer Company Limited | ₹17.1 Lakh (FY 2020) | •••• | •••• | 36.0% | •••• | Allahabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Optimum Spices by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution, Spices), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Optimum Spices Private Limited
Optimum Spices Private Limited is audited by JUNED SIDDIQUI & COMPANY for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JUNED SIDDIQUI & COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Optimum Spices Private Limited
Optimum Spices has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balaram Sethi | Director | 08 Nov 2017 | 8 Years 11 Months | Current |
| Nirjharini Parida | Director | 18 Mar 2023 | 3 Years 6 Months | Current |
Ownership and Shareholding of Optimum Spices Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Optimum Spices Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 May 2022 | Others | ₹3 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Optimum Spices Private Limited
Employment history and EPFO contributions of people linked to Optimum Spices.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Optimum Spices Private Limited
Optimum Spices Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Nirjharini Parida was appointed as Director on 18 Mar 2023.
Credit Ratings, Litigation & Regulatory Alerts for Optimum Spices Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Optimum Spices Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Optimum Spices Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Optimum Spices Private Limited
Optimum Spices has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCO5945P1Z3 | Odisha | Active | 16 Mar 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Optimum Spices Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Optimum Spices Private Limited
Optimum Spices is an active private limited company based in Bhubaneswar, Odisha, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 08 November 2017 (9+ years old) and is registered under CIN U15100OR2017PTC027884.
Optimum Spices reported revenue of ₹17.2 Lakh for FY 2023 (up 91% YoY).
Optimum Spices has 2 current directors:
- Balaram Sethi - Director
- Nirjharini Parida - Director
Optimum Spices reported a net loss of ₹87 (net margin 0%) and EBITDA of ₹23,427 (EBITDA margin 1.4%) for FY 2023, as per its filed financial statements.
The GSTIN of Optimum Spices is 21AACCO5945P1Z3, registered in Odisha.
The CIN (Corporate Identification Number) of Optimum Spices is U15100OR2017PTC027884. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Optimum Spices was incorporated on 08 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Optimum Spices by revenue are Buildouble Green Works Private Limited, Jamb Bavikar Agro Producer Company Limited, Ekta Developers Private Limited, Bigway Exports Private Limited, Solom Trading Private Limited and 5 more, all in the Food and Beverages industry (Food and Beverages Retail and Distribution, Spices).
Nirjharini Parida was appointed as Director on 18 Mar 2023. Saumya Ranjan Rout ceased to be Director on 18 Mar 2023. Jyotiranjan Sahoo ceased to be Director on 23 Jan 2018. Optimum Spices has 4 board changes on record in total.
Optimum Spices can be reached through the website optimumspices.com. Its registered office is in Bhubaneswar, Odisha, India.
The registered office of Optimum Spices is at At – Naragoda Po – Tamando, Bhubaneswar, Odisha, India – 752077.