The 5-year analysis of Olympic Cards Ltd's performance infers:
Data is not available for this company
Olympic Cards was originally incorporated as â€˜Olympic Business Credits (Madras) Private Limitedâ€™ on April 21, 1992 under the Companies Act, 1956 at Chennai vide Certificate of Incorporation issued by the Registrar of Companies, Tamil Nadu, Chennai (â€˜ROCâ€™). The company was converted into a Public Limited Company with effect from March 22, 1995 and the name of the company was changed to Olympic Cards Limited with effect from May 13, 1998.
The Company was formed mainly with a view to capture the market of wedding cards and other associated products, like Greeting Cards, Office Envelopes, Cloth-lined Covers, Student Notebooks, Account Books, Files, etc., and continued to carve a niche for itself in its segment of business.
In the year 2003, the Group started partnership firm named â€œOlympic Paper Productsâ€ for the purpose of trading in various kinds of disposable paper products. In the next year, i.e. 2004, the Group started another partnership firm named â€œOlympic Plastic Productsâ€ for the purpose of carrying on the business of manufacturing and trading in different kinds of disposable plastic products. In the same year, both the brothers and founders of the Olympic Group, H Noor Mohamed and H Salahudeen Babu, decided to do the business independently with mutually agreed terms and conditions. Further, they agreed to use the brand name â€œOlympicâ€ and agreed not to sell, lease or otherwise dispose the brand name to any other person other than their children and their successors.
Under the brand â€œOLYMPICâ€, the company is one of the leading manufacturers of paper / board based products, with a presence mainly in southern India. The Company is presently engaged in the business of manufacturing and trading Wedding Cards, Greeting Cards, Envelopes, Letter Heads, Business Cards, Calendars, Notebooks, Account Books, etc. The company also trades in the business of printing inks. However, companyâ€™s premier product is Wedding Invitation Cards accounting for more than 50% of the current sales.
The company exports its products to foreign countries such as Malaysia, Singapore, Sri Lanka and Dubai. Plans are afoot to raise its export turnover considerably.