About Space Matrix Private Limited
Data last updated:
Space Matrix Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Clarity Finance Pvt Ltd. 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 computer hardware manufacturing and retail segment of the technology and IT services sector. It was incorporated on 04 July 1996.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1996PTC080341. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹9.31 Cr. It was formerly known as Space Matrix Limited and Space Matrix Agencies Pvt Ltd. It is led by directors Swaraj Dey and Kapil Shroff.
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 11.Clive Row 3rd Floor Room No – 15, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.06 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹10.06 Cr and EBITDA of -₹19.75 Lakh (EBITDA margin -18.7%). Revenue has declined at a compounded annual rate (CAGR) of 69% over five years.
The company is associated with 1 brand: Space Matrix. As per MCA filings, the company has open charges of ₹290.11 Cr and satisfied charges of ₹56.46 Lakh on record. Court records list 37 cases involving the company, including 31 filed by the company and 6 filed against it; 11 cases are pending.
The last known website on record is spacematrix.in.
Company details
Name history
Space Matrix has undergone 2 name changes throughout its history. The company was previously known as Space Matrix Limited, and Space Matrix Agencies Pvt Ltd. The current legal name is Space Matrix Private Limited.
| Company Name | Status |
|---|---|
| Space Matrix Private Limited | Current |
| Space Matrix Limited | Previous |
| Space Matrix Agencies Pvt Ltd | Previous |
CIN history
Space Matrix has one previous CIN (Corporate Identification Number): U51109WB1996PLC080341. The current CIN is U51109WB1996PTC080341, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109WB1996PTC080341 | Current |
| U51109WB1996PLC080341 | Previous |
Contact details
Space Matrix Private Limited's registered office is in Kolkata, West Bengal. Its website is spacematrix.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address11.Clive Row 3rd Floor Room No – 15, Kolkata, West Bengal, India – 700001
- IndustryInformation Technology, Computer Hardware Manufacturing & Retail
To see the full contact details of Space Matrix 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
Space Matrix operates one associated brand: Space Matrix. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Global design and build services for corporate workplaces focusing on sustainability and employee wellbeing. | spacematrix.com |
Business activity
The main business activity of Space Matrix is manufacturing. In detail, this covers printing, reproduction of recorded media.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C4 | Printing, reproduction of recorded media |
To see the full business activity and turnover split of Space Matrix Private Limited, buy the company report.
Financials of Space Matrix Private Limited
FY 2016 filings availableSpace Matrix Private Limited reported revenue of ₹1.06 Cr (up 13% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 69%. 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1.06 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹19.75 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹10.06 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 | -18.7% | |
| Net Profit Margin | ||
| 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 Space Matrix Private Limited, buy the company report.
Board of directors of Space Matrix Private Limited
Space Matrix has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swaraj Dey | Director | 26 Mar 2012 | 14 Years 6 Months | As last reported |
| Kapil Shroff | Director | 11 Jan 2002 | 24 Years 9 Months | As last reported |
Auditor
Space Matrix Private Limited is audited by J JAIN & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J JAIN & CO | FY 2016 | 310064E |
Shareholding
The shareholding of Space Matrix Private 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 Space Matrix Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2011 | 10275157 | Indusind Bank Ltd. | ₹25 Cr | Open | |
| 20 Dec 2010 | 10255682 | Export-Import Bank of India | ₹50 Cr | Open | |
| 17 Aug 2010 | 10243170 | Indian Overseas Bank | ₹47.5 Cr | Open | |
| 30 Jul 2010 | 10232405 | Export-Import Bank of India | ₹25 Cr | Open | |
| 06 Jul 2010 | 10231062 | State Bank of Patiala | ₹55 Cr | Open |
To see the full charge records of Space Matrix Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Space Matrix Private Limited has 37 court cases on record: 31 filed by Space Matrix, 6 filed against it. 11 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 1 | 2 |
| District courts | 17 | 5 | 9 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Civil suit | Filed by the company against Idbi Bank Ltd & Ors. | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Ms Jaishwar Commercial (P) Ltd. | Disposed |
| High Court | Writ petition | Filed by the company against Indusind Bank Ltd. | Disposed |
| High Court | Company petition | Filed against the company by Re: Starpoint Distributors Pvt Ltd -and- | Disposed |
| High Court | Writ petition | Filed by the company against Idbi Bank Ltd. & Ors. | Disposed |
To see the full case history of Space Matrix 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 Space Matrix Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Space Matrix has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Space Matrix Private Limited, buy the company report.
Recent activity
Space Matrix Private Limited has 8 board changes on record since 2002: 2 appointments and 6 cessations. The latest: Kartika Chandra Sahoo ceased to be Director on 30 Mar 2012.
15 earlier events are in the company report.
Frequently asked questions
Space Matrix 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.
Space Matrix is a company under liquidation, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in computer hardware manufacturing and retail, within the information technology industry. It was incorporated on 04 July 1996 and is registered under CIN U51109WB1996PTC080341. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Space Matrix has 2 current directors:
- Swaraj Dey - Director
- Kapil Shroff - Director
The latest financial statements of Space Matrix 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 Space Matrix is U51109WB1996PTC080341. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Space Matrix has open charges of ₹290.11 Cr and satisfied charges of ₹56.46 Lakh as per latest MCA filings.
Space Matrix has 37 court cases on record: 31 filed by the company and 6 filed against it. 11 are pending. Most are in the high courts.
Space Matrix was incorporated on 04 July 1996. It is registered with the Registrar of Companies, Kolkata.
Kartika Chandra Sahoo ceased to be Director on 30 Mar 2012. Swaraj Dey was appointed as Director on 26 Mar 2012. Biswajit Choudhuri ceased to be Additional Director on 10 Feb 2012. Space Matrix has 8 board changes on record in total.
Space Matrix can be reached through the website spacematrix.in. Its registered office is in Kolkata, West Bengal, India.