About Pearls Infrastructure Projects Limited
Data last updated:
Pearls Infrastructure Projects Limited is a public 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 05 April 2005.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45203DL2005PLC134737. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹133.65 Cr. It is led by directors including Kanwaljit Singh Toor (Whole-Time Director) and Munit Gupta.
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 2nd Floor A – Wing Statesman House Barakhamba Road, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2016, the company reported a revenue of ₹15.36 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹8.64 Cr (net margin 56.3%) and EBITDA of ₹17.52 Cr (EBITDA margin 114.1%).
As per MCA filings, the company has open charges of ₹45 Lakh on record. Court records list 29 cases involving the company, including 2 filed by the company and 27 filed against it; 10 cases are pending.
The last known website on record is pearlsinfrastructure.com.
Company details
CIN history
Pearls Infrastructure Projects has one previous CIN (Corporate Identification Number): U45203DL2005PTC134737. The current CIN is U45203DL2005PLC134737, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203DL2005PLC134737 | Current |
| U45203DL2005PTC134737 | Previous |
Contact details
Pearls Infrastructure Projects Limited's registered office is in New Delhi, Delhi. Its website is pearlsinfrastructure.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address2nd Floor A – Wing Statesman House Barakhamba Road, New Delhi, Delhi, India – 110001
- IndustryReal Estate and Construction, Real Estate Builders & Developers, Real Estate Marketing & Sales
To see the full contact details of Pearls Infrastructure Projects 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 Pearls Infrastructure Projects is real estate. In detail, this covers real estate activities with own or leased property and real estate activities on fee or contract basis. 2 activity segments are registered with the MCA.
| 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 | |
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Pearls Infrastructure Projects Limited, buy the company report.
Financials of Pearls Infrastructure Projects Limited
FY 2016 filings availablePearls Infrastructure Projects Limited reported revenue of ₹15.36 Cr (up 919% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 919% in the latest year. EBITDA rose 226% in the latest 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 | ₹15.36 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹17.52 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹8.64 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 | 114.1% | |
| Net Profit Margin | 56.3% | |
| 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 Pearls Infrastructure Projects Limited, buy the company report.
Board of directors of Pearls Infrastructure Projects Limited
Pearls Infrastructure Projects has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanwaljit Singh Toor | Whole-Time Director | 05 Apr 2005 | 21 Years 7 Months | As last reported |
| Munit Gupta | Director | 06 Jul 2017 | 9 Years 4 Months | As last reported |
| Umesh Bishnoi | Director | 06 Jul 2017 | 9 Years 4 Months | As last reported |
| Manish Jakhar Also directs: Sealion International Import LLP | Additional Director | 20 Dec 2017 | 8 Years 10 Months | As last reported |
| Gurpreet Singh Bhangoo Also directs: Pbil-Apex Consortium Ltd., Kurali Toll Bridge Co.Private Limited, Pearls Buildwell Infrastructure Limited and 2 more | Director | 06 Jul 2017 | 9 Years 4 Months | As last reported |
| Rahul Mehra | Director | 06 Jul 2017 | 9 Years 4 Months | As last reported |
Auditor
Pearls Infrastructure Projects Limited is audited by A A R Y A A & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A A R Y A A & ASSOCIATES | FY 2016 | 015935N |
Shareholding
The shareholding of Pearls Infrastructure Projects Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pearls Infrastructure Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jul 2016 | 100057020 | Others | ₹45 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Pearls Infrastructure Projects Limited has 29 court cases on record: 2 filed by Pearls Infrastructure Projects, 27 filed against it. 10 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 6 |
| High courts | 12 | 10 | 3 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by an individual | Pending |
| District court, Mohali, Punjab | Civil suit | Filed against the company by an individual | Pending |
| High Court of Kerala | Court case (OP(C)) | Filed against the company | Pending |
| District court, Mohali, Punjab | Civil suit | Filed against the company by individuals | Pending |
| High Court, PUNJAB | Writ petition | Filed against the company by individuals | Pending |
To see the full case history of Pearls Infrastructure Projects 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 Pearls Infrastructure Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pearls Infrastructure Projects has 2 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
GST
Pearls Infrastructure Projects has 5 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 Pearls Infrastructure Projects Limited, buy the company report.
Recent activity
Pearls Infrastructure Projects Limited has 23 board changes on record since 2005: 6 appointments and 17 cessations. The latest: Rahul Sharma ceased to be Director on 04 Feb 2022.
15 earlier events are in the company report.
Frequently asked questions
Pearls Infrastructure Projects 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.
Pearls Infrastructure Projects is a company under insolvency, formerly operating as a public 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 05 April 2005 and is registered under CIN U45203DL2005PLC134737. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pearls Infrastructure Projects has 6 current directors:
- Kanwaljit Singh Toor - Whole-Time Director
- Munit Gupta - Director
- Umesh Bishnoi - Director
- Manish Jakhar - Additional Director
- Gurpreet Singh Bhangoo - Director
- Rahul Mehra - Director
The latest financial statements of Pearls Infrastructure Projects 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 Pearls Infrastructure Projects is U45203DL2005PLC134737. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pearls Infrastructure Projects has open charges of ₹45 Lakh and no satisfied charges on record as per latest MCA filings.
Pearls Infrastructure Projects has 29 court cases on record: 2 filed by the company and 27 filed against it. 10 are pending. Most are in the district courts.
Pearls Infrastructure Projects was incorporated on 05 April 2005. It is registered with the Registrar of Companies, Delhi.
Rahul Sharma ceased to be Director on 04 Feb 2022. Sunil Saien ceased to be Additional Director on 25 Oct 2018. Balwinder Singh ceased to be Director on 27 Dec 2017. Pearls Infrastructure Projects has 23 board changes on record in total.
Pearls Infrastructure Projects can be reached through the website pearlsinfrastructure.com. Its registered office is in New Delhi, Delhi, India.
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.
