Cushion Realty Private Limited
About Cushion Realty Private Limited
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Cushion Realty Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 26 February 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45208MH2015PTC262270. Its GSTIN is 27AAFCC9549Q2ZP (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sukant Mangal and Nilesh Sawanta Dhere.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at One BKC A Wing 1401 Plot No. C – 66 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.91 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹1.76 Cr (net margin -44.9%) and EBITDA of -₹70.62 Lakh (EBITDA margin -18.1%). Revenue has grown at a compounded annual rate (CAGR) of 646% over three years.
As per MCA filings, the company has satisfied charges of ₹115 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Cushion Realty Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOne BKC A Wing 1401 Plot No. C – 66 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Cushion Realty 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 Cushion Realty is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
Financials of Cushion Realty Private Limited
FY 2021 filings availableCushion Realty Private Limited reported revenue of ₹3.91 Cr (down 76% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 76% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 646%. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.91 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹70.62 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.76 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.1% | ||||
| Net Profit Margin | -44.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Cushion Realty Private Limited, buy the company report.
Board of directors of Cushion Realty Private Limited
Cushion Realty has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukant Mangal | Director | 29 Nov 2018 | 7 Years 10 Months | Current |
| Nilesh Sawanta Dhere Also directs: Delphi Realties Private Limited, SRC Estate Projects Private Limited, Bexley Shelters Private Limited and 5 more | Director | 24 Dec 2020 | 5 Years 10 Months | Current |
Auditor
Cushion Realty Private Limited is audited by SURESH C. SHAH for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH C. SHAH | FY 2017 |
Shareholding
The shareholding of Cushion Realty Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Cushion Realty Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2018 | 100203541 | Others | ₹115 Cr | Satisfied |
To see the full charge records of Cushion Realty Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Cushion Realty 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 | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Indiabulls Housing Finance Ltd | Disposed |
To see the full case history of Cushion Realty 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 Cushion Realty Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cushion Realty has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCC9549Q2ZP | Maharashtra | Active | 05 Mar 2018 |
To see the full GST registrations and return filing status of Cushion Realty Private Limited, buy the company report.
Recent activity
Cushion Realty Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Nilesh Sawanta Dhere ceased to be Additional Director on 28 Dec 2020.
Frequently asked questions
Cushion Realty is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 26 February 2015 (11+ years old) and is registered under CIN U45208MH2015PTC262270.
Cushion Realty has 2 current directors:
- Sukant Mangal - Director
- Nilesh Sawanta Dhere - Director
The latest financial statements of Cushion Realty on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Cushion Realty is 27AAFCC9549Q2ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Cushion Realty is U45208MH2015PTC262270. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cushion Realty has 2 court cases on record: 2 filed against it.
Cushion Realty was incorporated on 26 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Nilesh Sawanta Dhere ceased to be Additional Director on 28 Dec 2020. Jiten Bhagwan Uttwani ceased to be Director on 24 Dec 2020. Nilesh Sawanta Dhere was appointed as Director on 24 Dec 2020. Cushion Realty has 6 board changes on record in total.
The registered office of Cushion Realty is at One BKC A Wing 1401 Plot No. C – 66 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Cushion Realty operates in the real estate and construction industry, in the real estate builders and developers segment.