About Cheema Spintex Ltd
Data last updated:
Cheema Spintex Ltd is a public limited company based in Chandigarh, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 10 October 1994.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17115CH1994PLC015140. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹41.68 Cr. It is led by directors including Hardyal Singh Cheema (Managing Director) and Amarjit Singh Cheema.
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 House No. 176/2 Sector – 41A, Chandigarh, India – 160036.
As per the financials filed for FY 2022, the company reported a revenue of ₹20,939, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹6.06 Cr and EBITDA of -₹1.61 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 85% over five years.
The company has about 300 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹52.55 Cr and satisfied charges of ₹17.67 Cr on record. Court records list 318 cases involving the company, including 153 filed by the company and 172 filed against it; 25 cases are pending.
The last known website on record is cheemagroup.com.
Company details
CIN history
Cheema Spintex has one previous CIN (Corporate Identification Number): L17115CH1994PLC015140. The current CIN is U17115CH1994PLC015140, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17115CH1994PLC015140 | Current |
| L17115CH1994PLC015140 | Previous |
Contact details
Cheema Spintex Ltd's registered office is in Chandigarh, Chandigarh. Its website is cheemagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHouse No. 176/2 Sector – 41A, Chandigarh, India – 160036
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Cheema Spintex Ltd, 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
Financials of Cheema Spintex Ltd
FY 2022 filings availableCheema Spintex Ltd reported revenue of ₹20,939 (down 79% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 85% over five years, including a 79% fall in the latest year. EBITDA rose 44% 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 | ₹20,939 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.61 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.06 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Cheema Spintex Ltd, buy the company report.
Board of directors of Cheema Spintex Ltd
Cheema Spintex has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amarjit Singh Cheema | Director | 10 Oct 1994 | 32 Years 0 Months | As last reported |
| Abhay Pal Gupta | Director | 26 Jun 2015 | 11 Years 4 Months | As last reported |
| Arun Gupta | Irp/Rp/Liquidator | 05 Jun 2025 | 1 Years 5 Months | As last reported |
| Nipan Bansal Also directs: Competent Insolvency Professionals Private Limited | Irp/Rp/Liquidator | 23 May 2024 | 2 Years 5 Months | As last reported |
| Sanjay Krishna Ahuja Also directs: Indian Acrylics Limited, Cepham Milk Specialities Limited, Dev Spinners Limited and 2 more | Nominee Director | 08 Nov 2000 | 25 Years 11 Months | As last reported |
| Hardyal Singh Cheema Also directs: Mega Hydel Gen Private Limited | Managing Director | 10 Oct 1994 | 32 Years 0 Months | As last reported |
Auditor
Cheema Spintex Ltd is audited by Khurana Vineet & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khurana Vineet & Associates | FY 2022 | 011964N |
Shareholding
The shareholding of Cheema Spintex Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cheema Spintex Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2000 | 80067417 | Industrial Bank of India | ₹2.75 Cr | Open | |
| 06 Dec 1997 | 80021695 | State Bank of India | ₹19.5 Cr | Open | |
| 23 Jul 1997 | 80067416 | Industrial Development Bank of India | ₹4 Cr | Open | |
| 04 Aug 1995 | 80067415 | Industrial Development Bank of India | ₹26.3 Cr | Open | |
| 25 Feb 2010 | 10207280 | Oriental Bank of Commerce | ₹15.73 Cr | Satisfied |
To see the full charge records of Cheema Spintex Ltd, buy the company report.
Total charge records: 6 View all charges
Legal cases
Cheema Spintex Ltd has 318 court cases on record: 153 filed by Cheema Spintex, 172 filed against it. 25 cases are pending and 293 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 203 | 147 | 24 |
| High courts | 102 | 13 | 1 |
| NCLAT | 6 | 6 | 0 |
| NCLT | 4 | 4 | 0 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 318)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Appeal | Filed against the company by Fibril Tex Private Limited | Pending |
| District court, Bathinda, Punjab | Appeal | Filed by the company against National Bulk Handling Corporation Pvt. Ltd. and 5 others | Pending |
| District court, SAS Nagar, Punjab | Appeal | Filed against the company by Fibril Tex Private Limited | Disposed |
| District court, SAS Nagar, Punjab | Court case (TA CIVIL) | Filed by the company against Fibril Tex Private Limited | Disposed |
| High Court of Punjab and Haryana | Revision petition | Filed by the company against Fibril Tex Private Ltd and Others | Disposed |
To see the full case history of Cheema Spintex Ltd, 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.
Credit ratings & regulatory alerts
Cheema Spintex Ltd was last rated by Icra on 27 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Apr 2022 |
To see the full credit ratings and regulatory alerts of Cheema Spintex Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cheema Spintex Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cheema Spintex Ltd has a workforce of 300 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Cheema Spintex has 3 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 Cheema Spintex Ltd, buy the company report.
Recent activity
Cheema Spintex Ltd has 19 board changes on record since 1994: 6 appointments and 13 cessations. The latest: Arun Gupta was appointed as Irp/Rp/Liquidator on 05 Jun 2025.
22 earlier events are in the company report.
Frequently asked questions
Cheema Spintex is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Cheema Spintex is a company under liquidation, formerly operating as a public limited company based in Chandigarh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 10 October 1994 and is registered under CIN U17115CH1994PLC015140. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cheema Spintex has 6 current directors:
- Hardyal Singh Cheema - Managing Director
- Amarjit Singh Cheema - Director
- Abhay Pal Gupta - Director
- Sanjay Krishna Ahuja - Nominee Director
- Arun Gupta - Irp/Rp/Liquidator
- Nipan Bansal - Irp/Rp/Liquidator
The latest financial statements of Cheema Spintex 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 Cheema Spintex is U17115CH1994PLC015140. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cheema Spintex has open charges of ₹52.55 Cr and satisfied charges of ₹17.67 Cr as per latest MCA filings.
Cheema Spintex has 318 court cases on record: 153 filed by the company and 172 filed against it. 25 are pending. Most are in the district courts.
Cheema Spintex was incorporated on 10 October 1994. It is registered with the Registrar of Companies, Chandigarh.
Arun Gupta was appointed as Irp/Rp/Liquidator on 05 Jun 2025. Nipan Bansal was appointed as Irp/Rp/Liquidator on 23 May 2024. Suresh Kumar Singla ceased to be Nominee Director on 12 May 2023. Cheema Spintex has 19 board changes on record in total.
Cheema Spintex can be reached through the website cheemagroup.com. Its registered office is in Chandigarh, India.
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