About Ria Constructions Limited
Data last updated:
Ria Constructions Limited is a public limited company based in Chandigarh, 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 17 January 2005.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U45200CH2005PLC027850. Its GSTIN is 03AADCR0673G1ZP (Punjab). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.87 Cr. It is led by directors including Sanjeev Azad (Managing Director) and Vijay Kumar Ahuja.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at H No 2028/3 Sector 45C, Chandigarh, India – 160047.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.15 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹1.87 Cr (net margin -36.3%) and EBITDA of -₹70.8 Lakh (EBITDA margin -13.8%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.64 Cr and satisfied charges of ₹69.53 Lakh on record. Court records list 42 cases involving the company, including 14 filed by the company and 28 filed against it; 4 cases are pending.
The last known website on record is riaconstructions.com.
Company details
CIN history
Ria Constructions has one previous CIN (Corporate Identification Number): U45200CH2005PTC027850. The current CIN is U45200CH2005PLC027850, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200CH2005PLC027850 | Current |
| U45200CH2005PTC027850 | Previous |
Contact details
Ria Constructions Limited's registered office is in Chandigarh, Chandigarh. Its website is riaconstructions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH No 2028/3 Sector 45C, Chandigarh, India – 160047
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ria Constructions 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 Ria Constructions 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 Ria Constructions Limited, buy the company report.
Financials of Ria Constructions Limited
FY 2017 filings availableRia Constructions Limited reported revenue of ₹5.15 Cr (down 49% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over three years, including a 49% fall in the latest year. EBITDA rose 10% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹5.15 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹70.8 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.87 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -13.8% | ||
| Net Profit Margin | -36.3% | ||
| 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 Ria Constructions Limited, buy the company report.
Board of directors of Ria Constructions Limited
Ria Constructions has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Azad | Managing Director | 17 Jan 2005 | 21 Years 9 Months | As last reported |
| Vijay Kumar Ahuja | Additional Director | 16 May 2018 | 8 Years 5 Months | As last reported |
| Moti Lal Mittal | Additional Director | 22 Feb 2018 | 8 Years 8 Months | As last reported |
Peer comparison
Ria Constructions Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K2 Engineers Private Limited | ₹5.16 Cr (FY 2024) | -11.0% | Chennai, Tamil Nadu, India | |||
| VGS Estates Private Limited | ₹5.15 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| Ria Constructions Limitedthis company | ₹5.15 Cr (FY 2017) | -₹1.87 Cr | -36.3% | -49.0% | 5 | Chandigarh, India |
| Ar Raheem Al Karim Construction Private Limited | ₹5.14 Cr (FY 2024) | 74.0% | Amravati, Maharashtra, India | |||
| Life Spaces Realty Private Limited | ₹5.14 Cr (FY 2024) | -41.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ria Constructions Limited, buy the company report.
Auditor
Ria Constructions Limited is audited by MALHOTRA RAJIV & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MALHOTRA RAJIV & CO | FY 2017 | 024854N |
Shareholding
The shareholding of Ria Constructions 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 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ria Constructions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2011 | 10293782 | Punjab National Bank | ₹7.86 Lakh | Open | |
| 30 Jun 2011 | 10293781 | Punjab National Bank | ₹4.89 Lakh | Open | |
| 05 Feb 2011 | 10265246 | Punjab National Bank | ₹9 Lakh | Open | |
| 09 Dec 2010 | 10257919 | Punjab National Bank | ₹14 Lakh | Open | |
| 15 Oct 2010 | 10250455 | Punjab National Bank | ₹29 Lakh | Open |
To see the full charge records of Ria Constructions Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Ria Constructions Limited has 42 court cases on record: 14 filed by Ria Constructions, 28 filed against it. 4 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 22 | 4 |
| High courts | 10 | 6 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Court case (CS CJ) | Filed against the company by M/S S.N.Builders Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Arbitration matter | Filed by the company against M/S Sumel Heights Private Ltd. | Disposed |
| District court, Chandigarh | Arbitration matter | Filed against the company by HDFC Bank Ltd. | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Ms Best Deal Housing and Constructions Pvt Ltd | Disposed |
| District court, Panchkula, Haryana | Court case (Rp) | Filed against the company by Ms S.N Builders Pvt. Ltd. | Disposed |
To see the full case history of Ria Constructions 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 Ria Constructions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ria Constructions Limited has a workforce of 5 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Ria Constructions has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCR0673G1ZP | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ria Constructions Limited, buy the company report.
Recent activity
Ria Constructions Limited has 10 board changes on record since 2005: 3 appointments and 7 cessations. The latest: Bhavitosh Agnihotri ceased to be Director on 20 May 2018.
14 earlier events are in the company report.
Frequently asked questions
Ria Constructions 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.
Ria Constructions is a company under insolvency, formerly operating as a public limited company based in Chandigarh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 17 January 2005 and is registered under CIN U45200CH2005PLC027850. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ria Constructions has 3 current directors:
- Sanjeev Azad - Managing Director
- Vijay Kumar Ahuja - Additional Director
- Moti Lal Mittal - Additional Director
The latest financial statements of Ria Constructions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ria Constructions is U45200CH2005PLC027850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ria Constructions has open charges of ₹11.64 Cr and satisfied charges of ₹69.53 Lakh as per latest MCA filings.
Ria Constructions has 42 court cases on record: 14 filed by the company and 28 filed against it. 4 are pending. Most are in the district courts.
Ria Constructions was incorporated on 17 January 2005. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ria Constructions by revenue are K2 Engineers Private Limited, VGS Estates Private Limited, Ar Raheem Al Karim Construction Private Limited, Life Spaces Realty Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Bhavitosh Agnihotri ceased to be Director on 20 May 2018. Vijay Kumar Ahuja was appointed as Additional Director on 16 May 2018. Moti Lal Mittal was appointed as Additional Director on 22 Feb 2018. Ria Constructions has 10 board changes on record in total.
Ria Constructions can be reached through the website riaconstructions.com. Its registered office is in Chandigarh, India.