Multiple Hotels Private Limited
About Multiple Hotels Private Limited
Data last updated:
Multiple Hotels Private Limited is a private limited company based in Kolkata, West Bengal, 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 22 July 1998.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U55101WB1998PTC087564.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Partha Pal and Jitendra Lohia (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 6 Milan Pally Deshapriya Nagar Belghoria, Kolkata, West Bengal, India – 700056.
As per the financials filed for FY 2019, the company reported a revenue of ₹41.4 Lakh, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹2.76 Lakh (net margin 6.7%) and EBITDA of -₹4.38 Lakh (EBITDA margin -10.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹2.2 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 3 cases are pending.
Company details
Contact details
Multiple Hotels Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6 Milan Pally Deshapriya Nagar Belghoria, Kolkata, West Bengal, India – 700056
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Multiple Hotels 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 Multiple Hotels 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 Multiple Hotels Private Limited, buy the company report.
Financials of Multiple Hotels Private Limited
FY 2022 filings availableMultiple Hotels Private Limited reported revenue of ₹41.4 Lakh (down 41% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 41% fall 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 | ₹41.4 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.76 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.6% | ||||
| Net Profit Margin | 6.7% | ||||
| 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 Multiple Hotels Private Limited, buy the company report.
Board of directors of Multiple Hotels Private Limited
Multiple Hotels has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Partha Pal Also directs: Winston Fashions Marketing Private Limited | Director | 26 Jun 2015 | 11 Years 4 Months | As last reported |
| Nikhil Ch Chowdhury | Additional Director | 01 Oct 2019 | 7 Years 1 Months | As last reported |
| Jitendra Lohia | Irp/Rp/Liquidator | 16 Mar 2024 | 2 Years 7 Months | As last reported |
Auditor
Multiple Hotels Private Limited is audited by GORA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GORA & CO | FY 2019 | 330091E |
Shareholding
The shareholding of Multiple Hotels Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Multiple Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2012 | 10400795 | Kotak Mahindra Bank Limited | ₹20 Cr | Open | |
| 05 May 2004 | 90248558 | Uco B Ank | ₹39.98 Lakh | Satisfied | |
| 18 Dec 2002 | 90244662 | Uco B Ank | ₹1.8 Cr | Satisfied |
To see the full charge records of Multiple Hotels Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Multiple Hotels Private Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 1 |
| NCLAT | 2 | 2 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Jaimatarani Homes Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Jaimatarani Homes Private Limited | Pending |
| Supreme Court | Court case (1503-Appeal Against Orders Of Statutory Bodies : Tribunals) | Filed against the company by Kotak Mahindra Bank Ltd. Through Its Authorised Signatory 27/Bkc, C27, G Block, Bandra Kurla Complex, Bandra Mumbai ,Mumbai , Maharashtra | Pending |
| Supreme Court | Court case (2811-Mercantile Laws, Commercial Transactions Including Banking : Matters relating to Securitisation and Reconstruction of Financial Assets and Reinforcement of Security Interest Act, 2002.) | Filed against the company by Authorized Officer Kotak Mahindra Bank Limited Authorized Officer Kotak Mahindra Bank Limited Office at 27, BKC, C 27, G Block Bandra Kurla Complex, Bandra (East) , District: Mumbai ,Mumbai , Maharashtra and 1 other | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
To see the full case history of Multiple Hotels 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 Multiple Hotels 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 Multiple Hotels Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Multiple Hotels Private Limited has 12 board changes on record since 2010: 3 appointments and 9 cessations. The latest: Jitendra Lohia was appointed as Irp/Rp/Liquidator on 16 Mar 2024.
8 earlier events are in the company report.
Frequently asked questions
Multiple Hotels 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.
Multiple Hotels is a company under insolvency, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 22 July 1998 and is registered under CIN U55101WB1998PTC087564. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Multiple Hotels has 3 current directors:
- Partha Pal - Director
- Nikhil Ch Chowdhury - Additional Director
- Jitendra Lohia - Irp/Rp/Liquidator
The latest financial statements of Multiple Hotels on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Multiple Hotels is U55101WB1998PTC087564. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Multiple Hotels has open charges of ₹20 Cr and satisfied charges of ₹2.2 Cr as per latest MCA filings.
Multiple Hotels has 5 court cases on record: 5 filed against it. 3 are pending. Most are in the supreme court.
Multiple Hotels was incorporated on 22 July 1998. It is registered with the Registrar of Companies, Kolkata.
Jitendra Lohia was appointed as Irp/Rp/Liquidator on 16 Mar 2024. Ankita Halder ceased to be Additional Director on 03 Oct 2019. Avijit Das ceased to be Director on 03 Oct 2019. Multiple Hotels has 12 board changes on record in total.
The registered office of Multiple Hotels is at 6 Milan Pally Deshapriya Nagar Belghoria, Kolkata, West Bengal, India – 700056.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
