About Samar Estates Private Limited
Data last updated:
Samar Estates Private Limited is a private limited company based in Panchkula, Haryana, 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 27 March 2003.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101HR2003PTC055332. Its GSTIN is 06AAICS0083L2Z5 (Haryana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.67 Cr. It is led by directors including Vinod Bagai (Managing Director) and Virinder Bagai.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Ess Vee Apartments In Front Of Ghs – 105 Sector – 20 Panchkula, Haryana, India – 134112.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.49 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹8.77 Lakh (net margin -5.9%) and EBITDA of ₹49.16 Lakh (EBITDA margin 33%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years.
The company is associated with 1 brand: Samar Estates. As per MCA filings, the company has open charges of ₹115 Cr and satisfied charges of ₹55 Cr on record. Court records list 20 cases involving the company, including 8 filed by the company and 12 filed against it; 3 cases are pending.
The last known website on record is essveegroup.com.
Company details
CIN history
Samar Estates has one previous CIN (Corporate Identification Number): U70101CH2003PTC025881. The current CIN is U70101HR2003PTC055332, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101HR2003PTC055332 | Current |
| U70101CH2003PTC025881 | Previous |
Contact details
Samar Estates Private Limited's registered office is in Panchkula, Haryana. Its website is essveegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressEss Vee Apartments In Front Of Ghs – 105 Sector – 20 Panchkula, Haryana, India – 134112
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Samar Estates 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
Brands
Samar Estates operates one associated brand: Samar Estates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops innovative technologies for residential and commercial real estate projects. | essveegroup.com |
Business activity
The main business activity of Samar Estates 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 Samar Estates Private Limited, buy the company report.
Financials of Samar Estates Private Limited
FY 2018 filings availableSamar Estates Private Limited reported revenue of ₹1.49 Cr (down 89% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over three years, including a 89% fall in the latest year. EBITDA fell 95% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.49 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹49.16 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹8.77 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 | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 33% | |||
| Net Profit Margin | -5.9% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| 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 Samar Estates Private Limited, buy the company report.
Board of directors of Samar Estates Private Limited
Samar Estates has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Virinder Bagai | Director | 01 Sep 2004 | 22 Years 1 Months | As last reported |
| Vinod Bagai | Managing Director | 27 Mar 2003 | 23 Years 7 Months | As last reported |
| Rahul Jindal | Irp/Rp/Liquidator | 21 Feb 2024 | 2 Years 8 Months | As last reported |
Auditor
Samar Estates Private Limited is audited by S P BABUTA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P BABUTA & ASSOCIATES | FY 2018 | 007657N |
Shareholding
The shareholding of Samar Estates 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 Samar Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 2013 | 10425259 | Punjab & Sind Bank | ₹115 Cr | Open | |
| 05 Nov 2007 | 10076794 | Allahabad Bank | ₹45 Cr | Satisfied | |
| 19 Jul 2007 | 10065940 | Allahabad Bank | ₹10 Cr | Satisfied |
To see the full charge records of Samar Estates Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Samar Estates Private Limited has 20 court cases on record: 8 filed by Samar Estates, 12 filed against it. 3 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 1 |
| District courts | 7 | 7 | 2 |
| NCLT | 3 | 3 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panchkula, Haryana | Civil suit | Filed against the company by an individual | Pending |
| District court, Panchkula, Haryana | Civil suit | Filed against the company by Indian Bank | Pending |
| High Court, HARYANA | Revision petition | Filed by the company against individuals | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed against the company | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Ess Vee Apartments Home Buyers Association | Disposed |
To see the full case history of Samar Estates 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 Samar Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Samar Estates has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAICS0083L2Z5 | Haryana | Active | 03 Apr 2024 |
To see the full GST registrations and return filing status of Samar Estates Private Limited, buy the company report.
Recent activity
Samar Estates Private Limited has 4 board changes on record since 2003: 3 appointments and 1 cessation. The latest: Rahul Jindal was appointed as Irp/Rp/Liquidator on 21 Feb 2024.
1 earlier event is in the company report.
Frequently asked questions
Samar Estates 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.
Samar Estates is a company under insolvency, formerly operating as a private limited company based in Panchkula, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 March 2003 and is registered under CIN U70101HR2003PTC055332. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Samar Estates has 3 current directors:
- Vinod Bagai - Managing Director
- Virinder Bagai - Director
- Rahul Jindal - Irp/Rp/Liquidator
The latest financial statements of Samar Estates on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Samar Estates is U70101HR2003PTC055332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Samar Estates has open charges of ₹115 Cr and satisfied charges of ₹55 Cr as per latest MCA filings.
Samar Estates has 20 court cases on record: 8 filed by the company and 12 filed against it. 3 are pending. Most are in the high courts.
Samar Estates was incorporated on 27 March 2003. It is registered with the Registrar of Companies, Delhi.
Rahul Jindal was appointed as Irp/Rp/Liquidator on 21 Feb 2024. Sunita Bagai ceased to be Director on 26 Feb 2019. Virinder Bagai was appointed as Director on 01 Sep 2004. Samar Estates has 4 board changes on record in total.
Samar Estates can be reached through the website essveegroup.com. Its registered office is in Panchkula, Haryana, India.