Desai Builders Private Limited
About Desai Builders Private Limited
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Desai Builders Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 30 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1994PTC022891.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹1 Cr. It is led by directors Nirav Desai Dilipkumar (Whole-Time Director) and Bharatkumar Pramukhlal Patel.
Its last annual general meeting (AGM) was held on 20 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 1st Floor Nirav Complex Opp.Navrang High School Naranpura, Ahmedabad, Gujarat, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹5 Lakh, a growth of 150% compared to the previous year. For the same year it recorded a net loss of ₹12.73 Lakh (net margin -254.7%) and EBITDA of -₹11.94 Lakh (EBITDA margin -238.9%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years.
As per MCA filings, the company has open charges of ₹82 Lakh and satisfied charges of ₹6 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Desai Builders Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address1st Floor Nirav Complex Opp.Navrang High School Naranpura, Ahmedabad, Gujarat, India
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Desai Builders 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 Desai Builders 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 Desai Builders Private Limited, buy the company report.
Financials of Desai Builders Private Limited
FY 2018 filings availableDesai Builders Private Limited reported revenue of ₹5 Lakh (up 150% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 150% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 26%. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹5 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹11.94 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹12.73 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -238.9% | |||
| Net Profit Margin | -254.7% | |||
| 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 Desai Builders Private Limited, buy the company report.
Board of directors of Desai Builders Private Limited
Desai Builders has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharatkumar Pramukhlal Patel | Director | 30 Aug 1994 | 32 Years 2 Months | Current |
| Nirav Desai Dilipkumar | Whole-Time Director | 01 Oct 1994 | 32 Years 1 Months | Current |
Auditor
Desai Builders Private Limited is audited by SAURABH KIRI & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAURABH KIRI & ASSOCIATES | FY 2018 | 145707W |
Shareholding
The shareholding of Desai Builders Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Desai Builders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2001 | 90316225 | The Naroda Nagarik Co- Op. Bank Ltd. | ₹50 Lakh | Open | |
| 09 Dec 1997 | 90315938 | The Naroda Nagarik Co- Op. Bank Ltd. | ₹12 Lakh | Open | |
| 19 Dec 1996 | 90315766 | The Naroda Nagarik Co- Op. Bank Ltd. | ₹20 Lakh | Open | |
| 19 Dec 1996 | 80053036 | Dena Bank | ₹2 Cr | Satisfied | |
| 19 Dec 1996 | 80053037 | Dena Bank | ₹2 Cr | Satisfied |
To see the full charge records of Desai Builders Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Desai Builders Private Limited has 6 court cases on record: 2 filed by Desai Builders, 4 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Court case (SPCS) | Filed against the company by individuals | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (MCA) | Filed against the company by individuals | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Dena Bank Through Authorised Officer | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Rose in Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Dena Bank Through Authorised Officer and 1 other | Disposed |
To see the full case history of Desai Builders 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 Desai Builders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Desai Builders Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Desai Builders Private Limited has 3 board changes on record since 1994: 2 appointments and 1 cessation. The latest: Dilipkumar Damodardas Desai ceased to be Whole-Time Director on 28 Jul 2012.
5 earlier events are in the company report.
Frequently asked questions
Desai Builders is an active private limited company based in Ahmedabad, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 30 August 1994 (32+ years old) and is registered under CIN U45201GJ1994PTC022891.
Desai Builders has 2 current directors:
- Nirav Desai Dilipkumar - Whole-Time Director
- Bharatkumar Pramukhlal Patel - Director
The latest financial statements of Desai Builders on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 20 August 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Desai Builders is U45201GJ1994PTC022891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Desai Builders has 6 court cases on record: 2 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Desai Builders was incorporated on 30 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dilipkumar Damodardas Desai ceased to be Whole-Time Director on 28 Jul 2012. Nirav Desai Dilipkumar was appointed as Whole-Time Director on 01 Oct 1994. Bharatkumar Pramukhlal Patel was appointed as Director on 30 Aug 1994.
The registered office of Desai Builders is at 1st Floor Nirav Complex Opp.Navrang High School Naranpura, Ahmedabad, Gujarat, India.
Desai Builders operates in the infrastructure and utilities industry, in the general construction services segment.
Desai Builders has open charges of ₹82 Lakh and satisfied charges of ₹6 Cr as per latest MCA filings.
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