About Tulips Ambbience Private Limited
Data last updated:
Tulips Ambbience Private Limited is a private limited company based in Pune, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the home furnishings and accessories retail segment of the home and lifestyle products sector. It was incorporated on 14 September 2001.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U51311PN2001PTC016441. Its GSTIN is 29AABCT5650M2ZU (Karnataka). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹15 Lakh. It was formerly known as Tulips Ambience Private Limited. It is led by directors including Niyati Sidaarrth Mutha and Mahesh Govardhan Bagla (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 1025 – A Vora Kothari Buildingsadashiv Peth, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2018, the company reported a revenue of ₹18.69 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹1.67 Cr (net margin -8.9%) and EBITDA of -₹33.59 Lakh (EBITDA margin -1.8%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The company has about 125 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.54 Cr and satisfied charges of ₹87 Lakh on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it.
The last known website on record is tulipsindia.com.
Company details
Contact details
Tulips Ambbience Private Limited's registered office is in Pune, Maharashtra. Its website is tulipsindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address1025 – A Vora Kothari Buildingsadashiv Peth, Pune, Maharashtra, India – 411030
- IndustryHome & Lifestyle, Home Furnishings & Accessories Retail
To see the full contact details of Tulips Ambbience 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 Tulips Ambbience is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Tulips Ambbience Private Limited, buy the company report.
Financials of Tulips Ambbience Private Limited
FY 2018 filings availableTulips Ambbience Private Limited reported revenue of ₹18.69 Cr (up 13% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 13% growth in the latest year. EBITDA fell 115% 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 | ₹18.69 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹33.59 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.67 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -1.8% | |||
| Net Profit Margin | -8.9% | |||
| 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 Tulips Ambbience Private Limited, buy the company report.
Board of directors of Tulips Ambbience Private Limited
Tulips Ambbience has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niyati Sidaarrth Mutha | Director | 02 Nov 2009 | 17 Years 0 Months | As last reported |
| Mahesh Govardhan Bagla | Irp/Rp/Liquidator | 08 Sep 2023 | 3 Years 1 Months | As last reported |
| Sanjit Suvarn Mutha | Director | 01 Aug 2018 | 8 Years 3 Months | As last reported |
Auditor
Tulips Ambbience Private Limited is audited by K P DODECHA AND CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P DODECHA AND CO | FY 2018 | 119485W |
Shareholding
The shareholding of Tulips Ambbience Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Tulips Ambbience Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2015 | 10589860 | Corporation Bank | ₹2.15 Cr | Open | |
| 12 Sep 2012 | 10379558 | Corporation Bank | ₹3.04 Cr | Open | |
| 03 Aug 2009 | 10176133 | Corporation Bank | ₹6.35 Cr | Open | |
| 06 Mar 2009 | 10147136 | Corporation Bank | ₹1 Cr | Open | |
| 22 Apr 2003 | 90086390 | Canara Bank | ₹87 Lakh | Satisfied |
To see the full charge records of Tulips Ambbience Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Tulips Ambbience Private Limited has 6 court cases on record: 3 filed by Tulips Ambbience, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by Conde Nast (India) Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Conde Nast (India) Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Conde Nast (India) Pvt. Ltd. | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Tulips Ambbience 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.
Credit ratings & regulatory alerts
Tulips Ambbience Private Limited was last rated by Crisil on 18 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Dec 2020 |
To see the full credit ratings and regulatory alerts of Tulips Ambbience Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tulips Ambbience Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Tulips Ambbience Private Limited has a workforce of 125 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Tulips Ambbience has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCT5650M2ZU | Karnataka | Active | 26 Dec 2019 |
| 27AABCT5650M2ZY | Maharashtra | Active | 02 Jan 2020 |
To see the full GST registrations and return filing status of Tulips Ambbience Private Limited, buy the company report.
Recent activity
Tulips Ambbience Private Limited has 9 board changes on record since 2009: 3 appointments and 6 cessations. The latest: Mahesh Govardhan Bagla was appointed as Irp/Rp/Liquidator on 08 Sep 2023.
8 earlier events are in the company report.
Frequently asked questions
Tulips Ambbience is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Tulips Ambbience is a company under insolvency, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in home furnishings and accessories retail, within the home and lifestyle industry. It was incorporated on 14 September 2001 and is registered under CIN U51311PN2001PTC016441. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Tulips Ambbience has 3 current directors:
- Niyati Sidaarrth Mutha - Director
- Sanjit Suvarn Mutha - Director
- Mahesh Govardhan Bagla - Irp/Rp/Liquidator
The latest financial statements of Tulips Ambbience on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tulips Ambbience is U51311PN2001PTC016441. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tulips Ambbience has open charges of ₹12.54 Cr and satisfied charges of ₹87 Lakh as per latest MCA filings.
Tulips Ambbience has 6 court cases on record: 3 filed by the company and 3 filed against it.
Tulips Ambbience was incorporated on 14 September 2001. It is registered with the Registrar of Companies, Pune.
Mahesh Govardhan Bagla was appointed as Irp/Rp/Liquidator on 08 Sep 2023. Sidaarrth Suniel Mutha ceased to be Managing Director on 30 Sep 2018. Sanjit Suvarn Mutha was appointed as Director on 01 Aug 2018. Tulips Ambbience has 9 board changes on record in total.
Tulips Ambbience can be reached through the website tulipsindia.com. Its registered office is in Pune, Maharashtra, India.
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