DBS Affordable Home Strategy Limited
About DBS Affordable Home Strategy Limited
Data last updated:
DBS Affordable Home Strategy Limited is a public limited company based in Gandhinagar, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 July 2009.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70101GJ2009PLC057477. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹18.63 Cr. It is led by directors including Shah Sanjay Rameshchandra (Managing Director) and Shah Ajaykumar Jashvantlal.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Block No. 130 Adalaj Koba Highway Dist: – Gandhinagar, Gujarat, India – 382421.
As per the financials filed for FY 2016, the company reported a revenue of ₹6.34 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹7.39 Cr (net margin -116.4%) and EBITDA of -₹3.8 Cr (EBITDA margin -59.9%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: DBS Communities. As per MCA filings, the company has open charges of ₹13.75 Cr and satisfied charges of ₹7.05 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in February 2015.
Company details
Contact details
DBS Affordable Home Strategy Limited's registered office is in Gandhinagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBlock No. 130 Adalaj Koba Highway Dist: – Gandhinagar, Gujarat, India – 382421
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of DBS Affordable Home Strategy 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
Brands
DBS Affordable Home Strategy operates one associated brand: DBS Communities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential properties are developed in Ahmedabad, India. | dbscommunities.com |
Business activity
The main business activity of DBS Affordable Home Strategy is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of DBS Affordable Home Strategy Limited, buy the company report.
Financials of DBS Affordable Home Strategy Limited
FY 2016 filings availableDBS Affordable Home Strategy Limited reported revenue of ₹6.34 Cr (up 14% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 14% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 47%. 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹6.34 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹3.8 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹7.39 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -59.9% | |
| Net Profit Margin | -116.4% | |
| 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 DBS Affordable Home Strategy Limited, buy the company report.
Board of directors of DBS Affordable Home Strategy Limited
DBS Affordable Home Strategy has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shah Sanjay Rameshchandra Also directs: DBS Vadodara Home Private Limited, Surili Ahmedabad Music Club Private Limited, Swagruh Affordable Home Private Limited and 1 more | Managing Director | 01 Sep 2010 | 16 Years 2 Months | As last reported |
| Shah Ajaykumar Jashvantlal | Additional Director | 22 Feb 2017 | 9 Years 8 Months | As last reported |
| Tapan Nityanandbhai Pandya | Additional Director | 19 Oct 2017 | 9 Years 0 Months | As last reported |
Auditor
DBS Affordable Home Strategy Limited is audited by MEHRA ANIL & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHRA ANIL & ASSOCIATES | FY 2016 | 117692W |
Shareholding
The shareholding of DBS Affordable Home Strategy Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of DBS Affordable Home Strategy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2015 | 10606958 | Muthoot Housing Finance Company Limited | ₹3.75 Cr | Open | |
| 30 Nov 2015 | 10609353 | Caspian Impact Investments Private Limited | ₹7 Cr | Open | |
| 03 Jun 2011 | 10290543 | India Infoline Investment Services Limited | ₹3 Cr | Open | |
| 18 Sep 2015 | 10592760 | Micro Housing Finance Corporation Limited | ₹3 Cr | Satisfied | |
| 07 Feb 2013 | 10407813 | Bank of India | ₹5.8 Lakh | Satisfied |
To see the full charge records of DBS Affordable Home Strategy Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
DBS Affordable Home Strategy Limited has 1 deal on record (1 secondary share transfer); the latest was in February 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: Brick Eagle |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
DBS Affordable Home Strategy Limited has 14 court cases on record: 2 filed by DBS Affordable Home Strategy, 12 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Iifl Home Finance Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by India Infoline Finance Ltd. | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S India Ifoline Finance Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of DBS Affordable Home Strategy 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 DBS Affordable Home Strategy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
DBS Affordable Home Strategy has 1 subsidiary company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| DBS Vadodara Home Private Limited | U45200GJ2015PTC085493 |
Employees & EPFO
DBS Affordable Home Strategy Limited has a workforce of 4 employees on its EPFO records as of Dec 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 4 |
| FY 2016-17 |
To see the full employee and EPFO history of DBS Affordable Home Strategy Limited, buy the company report.
GST
DBS Affordable Home Strategy has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of DBS Affordable Home Strategy Limited, buy the company report.
Recent activity
DBS Affordable Home Strategy Limited has 18 board changes on record since 2010: 3 appointments and 15 cessations. The latest: Tapan Nityanandbhai Pandya ceased to be Additional Director on 22 Oct 2018.
26 earlier events are in the company report.
Frequently asked questions
DBS Affordable Home Strategy is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
DBS Affordable Home Strategy is a company under liquidation, formerly operating as a public limited company based in Gandhinagar, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 July 2009 and is registered under CIN U70101GJ2009PLC057477. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
DBS Affordable Home Strategy has 3 current directors:
- Shah Sanjay Rameshchandra - Managing Director
- Shah Ajaykumar Jashvantlal - Additional Director
- Tapan Nityanandbhai Pandya - Additional Director
The latest financial statements of DBS Affordable Home Strategy on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of DBS Affordable Home Strategy is U70101GJ2009PLC057477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
DBS Affordable Home Strategy has open charges of ₹13.75 Cr and satisfied charges of ₹7.05 Cr as per latest MCA filings.
DBS Affordable Home Strategy has 14 court cases on record: 2 filed by the company and 12 filed against it. Most are in the district courts.
DBS Affordable Home Strategy was incorporated on 07 July 2009. It is registered with the Registrar of Companies, Ahmedabad.
DBS Affordable Home Strategy has 1 deal on record (1 secondary share transfer); the latest was in February 2015.
Tapan Nityanandbhai Pandya ceased to be Additional Director on 22 Oct 2018. Tapan Nityanandbhai Pandya was appointed as Additional Director on 19 Oct 2017. Shah Ajaykumar Jashvantlal was appointed as Additional Director on 22 Feb 2017. DBS Affordable Home Strategy has 18 board changes on record in total.
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