Horizon Buildcon Private Limited.
About Horizon Buildcon Private Limited.
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Horizon Buildcon Private Limited. is a private limited company based in New Delhi, Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 03 May 2006.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101DL2006PTC148372. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹3.8 Lakh. It is led by directors Naresh Sabharwal (Managing Director) and Ambika Prasad Sharma.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at C – 36 Gulmohur Park, New Delhi, Delhi, India – 110049.
As per the financials filed for FY 2019, the company reported a revenue of ₹12 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹8.2 Cr (net margin -68.3%) and EBITDA of -₹8.09 Cr (EBITDA margin -67.5%). Revenue has grown at a compounded annual rate (CAGR) of 373% over three years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹28.5 Cr and satisfied charges of ₹12.5 Cr on record. Court records list 21 cases involving the company, including 6 filed by the company and 16 filed against it; 5 cases are pending.
Company details
Contact details
Horizon Buildcon Private Limited.'s registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressC – 36 Gulmohur Park, New Delhi, Delhi, India – 110049
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Horizon Buildcon 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 Horizon Buildcon Private Limited 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 |
To see the full business activity and turnover split of Horizon Buildcon Private Limited., buy the company report.
Financials of Horizon Buildcon Private Limited.
FY 2019 filings availableHorizon Buildcon Private Limited. reported revenue of ₹12 Cr (up 1800697% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 373% over three years. EBITDA fell 488% in the latest year. 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹8.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.2 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -67.5% | ||||
| Net Profit Margin | -68.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Horizon Buildcon Private Limited., buy the company report.
Board of directors of Horizon Buildcon Private Limited.
Horizon Buildcon Private Limited 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 |
|---|---|---|---|---|
| Ambika Prasad Sharma Also directs: Horizon Concept Private Limited | Director | 24 Apr 2008 | 18 Years 6 Months | As last reported |
| Naresh Sabharwal Also directs: JMD Chattels Private Limited, Palace India Limited | Managing Director | 03 May 2007 | 19 Years 5 Months | As last reported |
Peer comparison
Horizon Buildcon Private Limited. is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Corazon Homes Private Limited | ₹12 Cr (FY 2024) | 15.0% | Pune, Maharashtra, India | |||
| Duo Properties Private Limited | ₹12 Cr (FY 2023) | Bangalore, Karnataka, India | ||||
| Horizon Buildcon Private Limited.this company | ₹12 Cr (FY 2019) | -₹8.2 Cr | -68.3% | 1800697.0% | New Delhi, Delhi, India | |
| Suvita Real Estates Private Limited | ₹11.99 Cr (FY 2025) | -59.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Horizon Buildcon Private Limited., buy the company report.
Auditor
Horizon Buildcon Private Limited. is audited by B L AGGARWAL SOHWASIA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B L AGGARWAL SOHWASIA & CO | FY 2019 | 004185N |
Shareholding
The shareholding of Horizon Buildcon Private Limited. is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Horizon Buildcon Private Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2013 | 10472888 | Indian Overseas Bank | ₹28.5 Cr | Open | |
| 31 Mar 2009 | 10155419 | Punjab National Bank | ₹12.5 Cr | Satisfied |
To see the full charge records of Horizon Buildcon Private Limited., buy the company report.
Total charge records: 2 View all charges
Legal cases
Horizon Buildcon Private Limited. has 21 court cases on record: 6 filed by Horizon Buildcon Private Limited, 16 filed against it. 5 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 7 | 6 | 1 |
| High courts | 5 | 2 | 0 |
| Supreme Court | 5 | 4 | 1 |
| District courts | 4 | 4 | 3 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1418-Criminal Matters : Others) | Filed against the company by Concept Infravision Private Ltd. Through Its Director Suninder Sandha Office at E-231, Top Floor, Greater Kailash, Part II ,South * , Delhi | Disposed |
| Supreme Court | Court case (1418-Criminal Matters : Others) | Filed against the company by Concept Capital Infra Projects Pvt. Ltd. Through Its Director Suninder Sandha Office at E-231, Top Floor, Greater Kailash, Part II, ,South * , Delhi | Disposed |
| NCLAT, Court III | Tribunal matter | Filed against the company by Anil Tayal Resolution Professional for M/S Horizon Buildcon Pvt Ltd | Disposed |
| NCLAT, Court III | Tribunal matter | Filed by the company against Committe of Creditors of M/S Horizon Buildcon Pvt Ltd | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
To see the full case history of Horizon Buildcon 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 Horizon Buildcon Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Horizon Buildcon Private Limited has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Horizon Concept Private Limited | U70109DL2012PTC242585 |
To see the full group structure of Horizon Buildcon Private Limited., buy the company report.
Employees & EPFO
Horizon Buildcon Private Limited. has 2 active EPFO establishments as of Mar 29, 2024.
GST
Horizon Buildcon Private Limited has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Horizon Buildcon Private Limited., buy the company report.
Recent activity
Horizon Buildcon Private Limited. has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Jeevesh Sabharwal ceased to be Director on 24 Jan 2017.
Frequently asked questions
Horizon Buildcon Private Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Horizon Buildcon Private Limited is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 03 May 2006 and is registered under CIN U70101DL2006PTC148372. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Horizon Buildcon Private Limited has 2 current directors:
- Naresh Sabharwal - Managing Director
- Ambika Prasad Sharma - Director
The latest financial statements of Horizon Buildcon Private Limited on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Horizon Buildcon Private Limited is U70101DL2006PTC148372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Horizon Buildcon Private Limited has open charges of ₹28.5 Cr and satisfied charges of ₹12.5 Cr as per latest MCA filings.
Horizon Buildcon Private Limited has 21 court cases on record: 6 filed by the company and 16 filed against it. 5 are pending. Most are in the nclat.
Horizon Buildcon Private Limited was incorporated on 03 May 2006. It is registered with the Registrar of Companies, Delhi.
The peers of Horizon Buildcon Private Limited by revenue are Corazon Homes Private Limited, Duo Properties Private Limited, Suvita Real Estates Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Jeevesh Sabharwal ceased to be Director on 24 Jan 2017. Neeraj Rathor ceased to be Director on 05 Nov 2010. Ambika Prasad Sharma was appointed as Director on 24 Apr 2008. Horizon Buildcon Private Limited has 4 board changes on record in total.
The registered office of Horizon Buildcon Private Limited is at C – 36 Gulmohur Park, New Delhi, Delhi, India – 110049.