Scrip Watch

Crest ventures Ltd

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Crest ventures Ltd

Crest ventures Ltd
Misc. Commercial Services
FV – Rs 10; 52wks H/L –63.35/31.70; TTQ – 21 K; CMP – Rs 63.35 (As On May 16th 2016; 13.00);                                  

Market Cap – Rs 110.04 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
Long Term Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
17.37 253 58 34 37.19 146 21.41 3 22.76 0.43 57.21 0.64

 

Consolidated Financials and Valuations for Q4 FY16  


Equity Capital

Net worth
Long Term Debt
Total
Sales
PAT
BV
(Rs)

TTM EPS (Rs)

TTM P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
17.37 253 58 7 19.49 146 21.41 3 22.76 0.43 57.21 0.64

 Valuation Parameters:

  1. Long Term Debt to Equity – 0.23
  2. ROE % – 15
  3. Market Cap/Sales – 3.2

Crest Ventures Ltd is mainly engaged in Investing, Managing and Consulting. It is currently evaluating small investments in web-based business opportunities.

The company is also into the tours and travel business as Tamarind Tours Pvt.Ltd

Key Updates:

  • The Company sold its investment in SAI to Systra – a French Government owned company, one of the largest companies in the world, in consultancy of metro and high speed rails. This reinforces the Company’s ability to invest in and build businesses which create value.
  • The Company’s investment phase for building projects will reach completion by mid-2016 and will invest in building up the asset management business and they will also continue to invest in organisation building.
  • The Company’s focus this year was completion of on–going projects, evaluating new projects and building CREST as a quality and premium brand. The Business Development team has been proactively scouting for projects in and around Mumbai and has been actively participating in the tender process for re-development projects.

 

Bulk Deals:

Deal Date Client Name Deal Type Quantity Price (Rs.)
28-Mar-16 Suraj Dileepkumar Karkera P 89740 40.79
28-Mar-16 Velocity Stock Mart Pvt.Ltd S 90579 40.79
28-Mar-16 Velocity Stock Mart Pvt.Ltd P 90078 39.8
28-Mar-16 Suraj Dileepkumar Karkera S 90001 39.71

 

Overview:

  • Crest Ventures Limited, formerly Sharyans Resources Limited, is an angel investment company with a diverse portfolio of investments across a broad range of industries. (The Ministry of Corporate Affairs, Registrar of Companies, Mumbai has vide Fresh Certificate of Incorporation pursuant to change of name dated September 01, 2014 approved the change of name of the Company from Sharyans Resources Limited to CREST VENTURES LIMITED.)
  • The Company is involved in ongoing management and advising for most of its investments.
  • It engages in ongoing financial review of its portfolio investments, annual strategic planning, financing, and management decisions and endeavors to provide the benefit of past experience to its entrepreneurs, and encourage inter-company relationships.
  • The Company also consults and advises entrepreneurs in relation to investment, mergers and acquisitions, and strategic relationships.
  • The Company Ventures is currently evaluating small investments in web-based business opportunities.
  • The Company’s portfolio companies include real estate, web businesses, apparel, publishing and hardware.

 

The company’s current Portfolio Investment includes:

 

  1. com – FreeLegalAid.com is a simple search engine for providing free legal resources. The site is built on an advertising model, and has grown significantly since its inception in 1997.
  2. com – LetterPOP is an online newsletter creation tool with a powerful email marketing component.  Use LetterPOP to create amazing visual communications that you can send to your mailing list, manage your contacts, and much more!
  3. Coastal Discount Realty – Coastal Discount Realty is an early stage web-based discount realty listing service servicing San Diego County. The business offers a flat fee MLS listing service, and ala carte real estate brokering services.
  4. BIZ – FileOnline.BIZ is a self-help legal filing service that offers users a means to file incorporation documents in any state. The site also allows users to request a copyright filing or a trademark filing. Useful information and links are provided to enable users to “help themselves” using the site.
  5. GetinBusiness! – GetinBusiness! is a resource center for small businesses, hosting the blog and podcast of Dana Robinson, entrepreneur, attorney and know-it-all.  Download Dana’s inexpensive “GetinBusiness Guides” and grab free business and legal advice.
  6. Lexington Court Appartments – Lexington Court Apartments are in Downtown Phoenix, in the Roosevelt Arts District, surrounded by redeveloped properties. The apartments have been zoned for high rise, entitlements granted for redevelopment, and La Jolla Ventures plans to either develop the property with a development partner, or sell the property at an appreciated value.
  7. Garfield Commons – Garfield Commons owns a 9 unit apartment complex that has received several grants for rehabilitation. The property has been through a City of Phoenix rehab construction grant, and was completed 2009.
  8. Fieldcrest Investments – Fieldcrest Investments is a Lafayette, Louisiana real estate acquisition and development company. The company owns three parcels in Lafayette, and has completed a subdivision of 64 parcels on one lot that are currently under construction of low-priced single family homes.
  9. Surya Rising – Surya Rising is the first app incubator to challenge its participants to launch an app within 90 days.  The participants bring their mobile apps and concepts to the company, where they are incubated and managed from inception to launch.  The company has 30 apps under development and in the iTunes app store.
  10. ChristianAudio – ChristianAudio is the largest online publisher of Christian audio books. The company operates several publishing imprints, and sells audio books throughout the United States through retail book stores and other retail outlets. The company owns a proprietary “Audible style” downloadable audio book website where it offers its own products and third party products.
  11. Esquivel Designs – Esquivel Designs is an Orange County based high end men’s shoe maker. George Esquivel, 2009 CFDA/Vogue Fashion Fund finalist, and shoe maker to rock stars and Hollywood elite, designs and manufactures bespoke footwear from its manufacturing plant in Southern California. The company has distribution in China through the Esquviel store in Beijing.  Find Esquivel shoes in Bergdorf Goodman NYC, Brown’s London, Net-a-porter.com and other fine stores.
  12. Modern Cooperage – Modern Cooperage is a two year old manufacturer of patented wine barrel systems that provide a means to use a re-usable stainless barrel with the full exposure to oak staves.  Products are in testing with some of the largest wineries in the United States.
  13. Cloud Canvas – loud Canvas is a browser application development platform, providing an array of browser based apps, as well as a platform for developers to deploy and monetize browser apps.  The CloudCanvas application platform allows 3rd party developers to build applications that run on other websites. By using CloudCanvas’s development platform, developers do not have to worry about cross-browser support (Firefox, Chrome and Internet Explorer), and can focus on the application (not on the back-end technology)

Non – Current Investments:

Particulars No. of Shares Rs. In Crs
In Equity Shares    
Fortune Fiancial Services Ltd 2642329 20.111837
Sadbhav Engineering Ltd 2400 0.01
     
In Equity Shares- Subsidiary Co    
ITI Capital Holdings 450000 16.33
Intime Spectrum Pvt Ltd 1250000 1.25
Caladium Properties Pvt Ltd 10000 0.01
Crest Wealth Management Pvt Ltd 4250000 2.98
     
In Equity Shares – Associate Co    
*Classic Mall Development co 3247760 62.9
Starboard Hotels 2499374 2.5
Edelweiss Fund Advisors 500000 0.05
Escort Developers 25000 1.6
Ramayana Realtors 903591 12.82
Classic Housing Projects 5000 0.005
Tamarind Tours 500000 0.05
     
In Equity Shares – Other Co    
Vamona Developers 1250000 1.25
Alliance Spaces 102353 3.92

 

Classic Mall Development Co. (Crest Ltd holds 42.19% ) engages in Real Estate business in Chennai and now it operates as the subsidiary of  The Pheonix Mills Ltd. Sharyans Ltd has acquired stake in Classic Mall jointly with Kshitij Venture Capital fund.

(http://www.thehindubusinessline.com/companies/announcements/others/acquisition-of-stake-in-classic-mall-development-company-private-limited/article5019025.ece)

 

Classic Mall Development Co. is inolved in Real estate activities with own or leased property. [This class includes buying, selling, renting and operating of self-owned or leased real estate such as apartment building and dwellings, non-residential buildings, developing and subdividing real estate into lots etc. Also included are development and sale of land and cemetery lots, operating of apartment hotels and residential mobile home sites.

 

Management:

  • Vasudeo Galkar – Chairman
  • Vijay Choraria – Managing Director
  • Vishal Mehta – CFO

 

The Equity Capital is @ Rs 17.37 Crs consisting of 173700000 equity Shares of FV Rs 10 currently held.

None Of the Promoter’s Holding is pledged.

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 Pishu V Chainani 2500000 14.39
2 Hypons Fund Ltd 510000 2.94
3 Orange Mauritius Investments Ltd 630000 3.63
4 General Insurance Corporation of India 337373 1.94
5 Miraj Marketing Company LLP 301754 1.74
6 United India Insurance Company Ltd 286692 1.65
7 Pulkit N Sekhseria 225000 1.3
  Total 4790819 27.58

 


 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 17.37 17.37 17.37 17.37 14.87 14.87
Networth 253 217 197 188 169 172
Total Debt 63 28 59 47 48 25
Net Sales 34 178 174 141 134 121
Other Income 15 5 4 2 5 5
PAT 37.19 22.33 10.15 1.41 -0.93 -10.22
Book Value (Rs) 146 125 113 108 114 116
EPS (Rs) 21.41 12.86 5.84 0.81 -0.63 -6.87

 

During the year FY13 additional 2500000 equity shares were issued at face value of Rs.10 per share.

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