Solis Restaurants Private Limited
About Solis Restaurants Private Limited
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Solis Restaurants Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 25 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U55203TG2010PTC070142. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹99 Lakh. It is led by directors Srinivasa Chakravarthy Jaladi and Venumadhav Dandamudi.
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 Q2 – A1 10th Floor Cyber Towers Hightech City, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.43 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹39.59 Lakh (net margin -16.3%) and EBITDA of -₹22.68 Lakh (EBITDA margin -9.3%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company has open charges of ₹40 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Solis Restaurants has one previous CIN (Corporate Identification Number): U55203AP2010PTC070142. The current CIN is U55203TG2010PTC070142, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55203TG2010PTC070142 | Current |
| U55203AP2010PTC070142 | Previous |
Contact details
Solis Restaurants Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address is in the company report.
- Email
- Registered AddressQ2 – A1 10th Floor Cyber Towers Hightech City, Hyderabad, Telangana, India – 500081
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of Solis Restaurants 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 Solis Restaurants is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Solis Restaurants Private Limited, buy the company report.
Financials of Solis Restaurants Private Limited
FY 2018 filings availableSolis Restaurants Private Limited reported revenue of ₹2.43 Cr (down 15% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 15% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.43 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹22.68 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹39.59 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -9.3% | |||
| Net Profit Margin | -16.3% | |||
| 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 Solis Restaurants Private Limited, buy the company report.
Board of directors of Solis Restaurants Private Limited
Solis Restaurants 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 |
|---|---|---|---|---|
| Srinivasa Chakravarthy Jaladi | Director | 25 Aug 2010 | 16 Years 1 Months | Current |
| Venumadhav Dandamudi Also directs: Heartcup Cafe & Restaurants Private Limited, Quattro Beverages Private Limited, Stay Kool Supply Chain Private Limited and 4 more | Director | 17 Oct 2017 | 9 Years 0 Months | Current |
Auditor
Solis Restaurants Private Limited is audited by G L N PRASAD & CO LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G L N PRASAD & CO LLP | FY 2018 | 015176S |
Shareholding
The shareholding of Solis Restaurants Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Solis Restaurants Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2016 | 100045241 | Others | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Solis Restaurants Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
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, Hyderabad | Insolvency matter | Filed against the company by an individual | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Solis Restaurants 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 Solis Restaurants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solis Restaurants has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Solis Restaurants Private Limited, buy the company report.
Recent activity
Solis Restaurants Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Venumadhav Dandamudi ceased to be Director on 29 Nov 2018.
Frequently asked questions
Solis Restaurants is an active private limited company based in Hyderabad, Telangana, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 25 August 2010 (16+ years old) and is registered under CIN U55203TG2010PTC070142.
Solis Restaurants has 2 current directors:
- Srinivasa Chakravarthy Jaladi - Director
- Venumadhav Dandamudi - Director
The latest financial statements of Solis Restaurants 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. Solis Restaurants has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Solis Restaurants is U55203TG2010PTC070142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solis Restaurants has 2 court cases on record: 2 filed against it. Most are in the district courts.
Solis Restaurants was incorporated on 25 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Hyderabad.
Venumadhav Dandamudi ceased to be Director on 29 Nov 2018. Nagarjun Valluripalli ceased to be Director on 31 Mar 2018. Venumadhav Dandamudi was appointed as Director on 17 Oct 2017. Solis Restaurants has 4 board changes on record in total.
The registered office of Solis Restaurants is at Q2 – A1 10th Floor Cyber Towers Hightech City, Hyderabad, Telangana, India – 500081.
Solis Restaurants operates in the food and beverages industry, in the instant and ready-to-eat foods segment.