19 CR
50 Lakh
1.The company has only 11 Employees in total. A detailed breakup of their qualification and their experience is listed below
The company’s biggest customer is Jain Ornaments making purchases worth Rs. 3.41 Cr.. Jain ornaments is owned by Mr. Rohit Shah, promoter of Palm Jewels
The company has very little fixed assets. Total ~Rs. 2 Lakh
Shareholders fund suddenly increased from Rs. 35 Lakhs (FY 2017) to 4.12 Crores (FY 2018)
The company secured a loan of Rs. 90 Lakh from Yes bank on October 2017 at an interest of 8.8% p.a.
The company does not design gold ornaments in-house, instead, outsources it to job workers in Mumbai and Ahmedabad
The company makes some bold claims on how it plans to reduce its holding levels of Finished Goods
The company wants to reduce credit periods on the gold it purchases
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