Avax Apparels And Ornaments Limited (BSE SME)

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Company Financials In Lakhs

About Company

Incorporated in June 2005, Avax Apparels And Ornaments Limited operates in two distinct business segments: wholesale trading of knitted fabric and online retail of silver ornaments. The company offers a wide range of silver jewelry and items, including rings, payals, kadas, bangles, and more, supplying customers across major cities in India. Avax Apparels benefits from its strategic location in a key cloth manufacturing hub, giving it a significant advantage in wholesale trading. Additionally, the company leverages strong industry relationships, growing product demand, and a well-established management team to drive success. Competitive strengths include locational benefits, a strong network within the industry, excellent customer relations, and an experienced team. As of September 2024, the company employs 7 full-time staff members.

Strength

Locational Advantage: Positioned in a key cloth manufacturing hub, providing easy access to resources and markets.    

Strong Industry Network: Established connections with sector players, enhancing business opportunities and partnerships.

Excellent Customer Relations: Strong focus on maintaining customer satisfaction, driving repeat business and loyalty.

Weakness

Limited Experience in Silver Ornaments: The Company’s expertise in silver ornament sales is still developing, which could affect its competitiveness in this segment.

Pricing Pressure from Competition: Increased competition may limit the company’s ability to control prices, impacting profitability.

Limited Financial Resources: Restricted financial capacity may constrain growth opportunities and limit the company’s ability to invest in expansion or innovation.