About Srabani Constructions Private Limited
Data last updated:
Srabani Constructions Private Limited is a private limited company based in Bhubaneswar, Odisha, 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 16 August 2001.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U45201OR2001PTC006571. Its GSTIN is 21AAGCS8902A1ZV (Odisha).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Siba Narayan Chhotaray (Managing Director) and Swapna Chhotaray.
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 Plot No – 1185 Balitota Sahi Nayapalli, Bhubaneswar, Odisha, India – 751012.
As per the financials filed for FY 2022, the company reported a revenue of ₹96.2 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹19.73 Lakh (net margin -20.5%) and EBITDA of -₹15.26 Lakh (EBITDA margin -15.9%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 44% over five years.
As per MCA filings, the company has open charges of ₹10.03 Cr and satisfied charges of ₹27.57 Cr on record. Court records list 22 cases involving the company, including 1 filed by the company and 21 filed against it; 10 cases are pending.
The last known website on record is srabaniconstructions.com.
Company details
Contact details
Srabani Constructions Private Limited's registered office is in Bhubaneswar, Odisha. Its website is srabaniconstructions.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No – 1185 Balitota Sahi Nayapalli, Bhubaneswar, Odisha, India – 751012
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Srabani Constructions 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 Srabani 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 Srabani Constructions Private Limited, buy the company report.
Financials of Srabani Constructions Private Limited
FY 2022 filings availableSrabani Constructions Private Limited reported revenue of ₹96.2 Lakh (down 79% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 79% fall in the latest year. EBITDA fell 113% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹15.26 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.73 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.9% | ||||
| Net Profit Margin | -20.5% | ||||
| 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 Srabani Constructions Private Limited, buy the company report.
Board of directors of Srabani Constructions Private Limited
Srabani Constructions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swapna Chhotaray Also directs: Srabani Marine Exports Private Limited | Director | 16 Aug 2001 | 25 Years 2 Months | As last reported |
| Kirti Sundaray | Director | 11 Dec 2017 | 8 Years 10 Months | As last reported |
| Siba Narayan Chhotaray Also directs: Srabani Marine Exports Private Limited | Managing Director | 16 Aug 2001 | 25 Years 2 Months | As last reported |
Auditor
Srabani Constructions Private Limited is audited by SAMAL & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMAL & ASSOCIATES | FY 2021 | 322789E |
Shareholding
The shareholding of Srabani Constructions Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Srabani Constructions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2011 | 10315287 | Corporation Bank | ₹11.77 Lakh | Open | |
| 19 Apr 2011 | 10288913 | Indian Overseas Bank | ₹7.75 Cr | Open | |
| 17 Sep 2009 | 10340646 | Andhra Bank | ₹1 Cr | Open | |
| 16 May 2008 | 10110855 | Housing and Urban Development Corporation Limited | ₹1.16 Cr | Open | |
| 05 Jun 2013 | 10436841 | The Karur Vysya Bank Limited | ₹7 Cr | Satisfied |
To see the full charge records of Srabani Constructions Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Srabani Constructions Private Limited has 22 court cases on record: 1 filed by Srabani Constructions, 21 filed against it. 10 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 14 | 9 |
| NCLAT | 5 | 5 | 0 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Orissa | Court case (I . c. c) | Filed against the company by Tarinee Promoters Pvt Ltd | Pending |
| District court, Patna, Bihar | Court case (Cr. Case Complaint (P)) | Filed against the company by M/S Sagar Business Pvt Ltd | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by A.B Readymix India Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
To see the full case history of Srabani Constructions 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 Srabani Constructions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Srabani Constructions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAGCS8902A1ZV | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Srabani Constructions Private Limited, buy the company report.
Recent activity
Srabani Constructions Private Limited has 3 board changes on record since 2001: 3 appointments. The latest: Kirti Sundaray was appointed as Director on 11 Dec 2017.
17 earlier events are in the company report.
Frequently asked questions
Srabani 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.
Srabani Constructions is a company under insolvency, formerly operating as a private limited company based in Bhubaneswar, Odisha, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 August 2001 and is registered under CIN U45201OR2001PTC006571. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Srabani Constructions has 3 current directors:
- Siba Narayan Chhotaray - Managing Director
- Swapna Chhotaray - Director
- Kirti Sundaray - Director
The latest financial statements of Srabani Constructions 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 Srabani Constructions is U45201OR2001PTC006571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Srabani Constructions has open charges of ₹10.03 Cr and satisfied charges of ₹27.57 Cr as per latest MCA filings.
Srabani Constructions has 22 court cases on record: 1 filed by the company and 21 filed against it. 10 are pending. Most are in the district courts.
Srabani Constructions was incorporated on 16 August 2001. It is registered with the Registrar of Companies, Cuttack.
Kirti Sundaray was appointed as Director on 11 Dec 2017. Siba Narayan Chhotaray was appointed as Managing Director on 16 Aug 2001. Swapna Chhotaray was appointed as Director on 16 Aug 2001.
Srabani Constructions can be reached through the website srabaniconstructions.com. Its registered office is in Bhubaneswar, Odisha, India.