About Spi Cinemas Private Limited
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Spi Cinemas Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the cinema and multiplex chains segment of the events and entertainment sector. It was incorporated on 30 September 1991.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U92111DL1991PTC346125. Its GSTIN is 27AABCC7343L1ZG (Maharashtra). The company held 9 GST registrations, of which 7 are active.
The company had an authorised share capital of ₹13 Cr and a paid-up capital of ₹31.07 Lakh. It was formerly known as Chayalakshmi Creations Private Limited. It was led by directors including Kamal Gianchandani Gordhan and Venkataswaroop Siddavarapu Reddy.
Its last annual general meeting (AGM) was held on 08 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 61 Basant Lok Vasant Vihar, New Delhi, Delhi, India – 110057.
As per the financials filed for FY 2018, the company reported a revenue of ₹309.6 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹12.3 Cr (net margin 4%) and EBITDA of ₹61.82 Cr (EBITDA margin 20%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
The company had about 1,899 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 1 brand: SPI Cinemas. As per MCA filings, the company had satisfied charges of ₹654.62 Cr on record. Court records list 64 cases involving the company, including 36 filed by the company and 28 filed against it; 9 cases are pending. The company has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹53.89 Cr; the latest was in August 2018.
The last known website on record is spicinemas.in.
Company details
CIN history
Spi Cinemas has one previous CIN (Corporate Identification Number): U92111AP1991PTC013273. The current CIN is U92111DL1991PTC346125, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U92111DL1991PTC346125 | Current |
| U92111AP1991PTC013273 | Previous |
Contact details
Spi Cinemas Private Limited's registered office is in New Delhi, Delhi. Its website is spicinemas.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address61 Basant Lok Vasant Vihar, New Delhi, Delhi, India – 110057
- IndustryEvents and Entertainment, Cinema & Multiplex Chains
To see the full contact details of Spi Cinemas 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
Spi Cinemas operates one associated brand: SPI Cinemas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Movie theatres are operated as a chain in southern India. | spicinemas.in |
Business activity
The main business activities of Spi Cinemas are arts, entertainment and recreation and accommodation and food service. In detail, this covers creative, arts and entertainment activities, sports, amusement and recreation activities and food and beverage services provided by hotels, restaurants, caterers, etc.. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities | |
| R | Arts, entertainment and recreation | R4 | Sports, amusement and recreation activities | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Spi Cinemas Private Limited, buy the company report.
Financials of Spi Cinemas Private Limited
FY 2018 filings availableSpi Cinemas Private Limited reported revenue of ₹309.6 Cr (up 14% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over three years, including 14% growth in the latest year. EBITDA rose 68% 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 | ₹309.6 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹61.82 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹12.3 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 20% | |||
| Net Profit Margin | 4% | |||
| 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 Spi Cinemas Private Limited, buy the company report.
Board of directors of Spi Cinemas Private Limited
Spi Cinemas has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Gianchandani Gordhan | Director | 17 Aug 2018 | 8 Years 2 Months | As last reported |
| Venkataswaroop Siddavarapu Reddy | Director | 06 Aug 2018 | 8 Years 3 Months | As last reported |
| Nitin Sood Also directs: Evora Furnitures Private Limited | Director | 17 Aug 2018 | 8 Years 2 Months | As last reported |
Auditor
Spi Cinemas Private Limited is audited by K S RAO & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S RAO & CO | FY 2018 | 003109S |
Shareholding
The shareholding of Spi Cinemas Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Spi Cinemas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2018 | 100203101 | Hdfc Bank Limited | ₹15 Cr | Satisfied | |
| 28 Sep 2016 | 100056682 | Hdfc Bank Limited | ₹180 Cr | Satisfied | |
| 14 Oct 2015 | 10606885 | Indian Overseas Bank | ₹16.47 Cr | Satisfied | |
| 04 Apr 2014 | 10489934 | Idbi Bank Limited | ₹75 Cr | Satisfied | |
| 18 Jan 2013 | 10402831 | Yes Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Spi Cinemas Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Spi Cinemas Private Limited has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹53.89 Cr; the latest was in August 2018.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Acquisition | ₹633 Cr | Buyer: PVR Inox Limited Seller: SPI Family Office |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: SPI Family Office Seller: S S Theatres Private Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: S S Theatres Private Limited Seller: 3 individuals |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2008 | Funding round | ₹10.13 Cr | Investors: Samayanallur Power Investments Private Limited |
To see the full deal history of Spi Cinemas Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spi Cinemas Private Limited has 64 court cases on record: 36 filed by Spi Cinemas, 28 filed against it. 9 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 50 | 19 | 7 |
| District courts | 12 | 8 | 0 |
| Supreme Court | 2 | 1 | 2 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed by the company against GFM Retail Private Limited, and 1 other | Pending |
| High Court, TAMIL NADU | Original application | Filed by the company against M/S.Ankur Foundations Pvt Ltd. and 9 others | Disposed |
| Supreme Court | Court case (0414-Indirect Taxes Matters : Entertainment Tax) | Filed against the company by an individual | Pending |
| High Court, TELANGANA | Court case (ITTA) | Filed against the company by PR Commissioner of Income Tax-6 Hyd | Pending |
| High Court, ANDHRAPRADESH | Court case (ITTA) | Filed by the company against Principal Commissioner of Income Tax-6, Tirupati | Pending |
To see the full case history of Spi Cinemas 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.
Credit ratings & regulatory alerts
Spi Cinemas Private Limited was last rated by Crisil on 14 Mar 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Mar 2019 |
To see the full credit ratings and regulatory alerts of Spi Cinemas Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spi Cinemas Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Spi Cinemas has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Spi Entertainment Projects (Tirupati) Private Limited | U74999TN2017PTC116291 |
To see the full group structure of Spi Cinemas Private Limited, buy the company report.
Employees & EPFO
Spi Cinemas Private Limited has a workforce of 1,899 employees on its EPFO records as of Aug 2019.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 1,899 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Spi Cinemas Private Limited, buy the company report.
GST
Spi Cinemas has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC7343L1ZG | Maharashtra | Active | 01 Jul 2017 |
| 29AABCC7343L1ZC | Karnataka | Active | 01 Jul 2017 |
| 32AABCC7343L1ZP | Kerala | Active | 01 Jul 2017 |
| 33AABCC7343L1ZN | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spi Cinemas Private Limited, buy the company report.
Recent activity
Spi Cinemas Private Limited has 14 board changes on record since 2008: 3 appointments and 11 cessations. The latest: Kamal Gianchandani Gordhan was appointed as Director on 17 Aug 2018.
47 earlier events are in the company report.
News
Frequently asked questions
Spi Cinemas has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Spi Cinemas was a private limited company based in New Delhi, Delhi, India. The company worked in cinema and multiplex chains, within the events and entertainment industry. It was incorporated on 30 September 1991 and is registered under CIN U92111DL1991PTC346125. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Spi Cinemas was incorporated on 30 September 1991. It is registered with the Registrar of Companies, Delhi.
Spi Cinemas had 3 directors:
- Kamal Gianchandani Gordhan - Director
- Venkataswaroop Siddavarapu Reddy - Director
- Nitin Sood - Director
The CIN (Corporate Identification Number) of Spi Cinemas is U92111DL1991PTC346125. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Spi Cinemas is at 61 Basant Lok Vasant Vihar, New Delhi, Delhi, India – 110057.
Spi Cinemas can be reached through the website spicinemas.in. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Spi Cinemas on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 08 August 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Spi Cinemas is 27AABCC7343L1ZG, registered in Maharashtra. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 29AABCC7343L1ZC (Karnataka), 32AABCC7343L1ZP (Kerala), 33AABCC7343L1ZN (Tamil Nadu).
Spi Cinemas operated in the events and entertainment industry, in the cinema and multiplex chains segment.
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