About RELIANCE MEDIAWORKS LIMITED Unlisted/Delisted Shares
RELIANCE MEDIAWORKS LIMITED is India’s leading Media and Entertainment (M & E) company. The company engaged in the business of film and media services, theatrical exhibition of films, and television content production and distribution. The company has a presence in 78 cities in India and is also internationally present in the United States and the United Kingdom.
The Company has a comprehensive presence in Film and Media Services: Motion Picture Processing and DI; Film, Audio Restoration, and Image Enhancement; 3D; Digital Mastering: Studios and Equipment rentals; Visual Effects; Animation; Broadcast, TVC Post Production & Feature Film Promotion services with presence across India, USA and UK and offers end to end integrated services across the entire film and media services value chain to production houses, studios, and broadcasters, globally.
Reliance Mediaworks is the owner of India’s largest cinema chain, under the brand ‘Big Cinema’ which is spread across India and the United States. Reliance MediaWorks is also engaged in the business of television content production through our subsidiary, Big Synergy Media Limited, under the brand “BIG Synergy”, which primarily produces non-fiction shows in addition to adapting international programming formats for Indian viewers.
INCORPORATION DETAILS
|
CIN |
U29299MH1987PLC045446 |
|
Registration Date |
30 November 1987 |
|
Category/Sub-category of the Company |
Public Company / Limited by Shares |
|
Address of the Registered office and contact details |
Communication Centre, Film City Complex, Goregaon (East), Mumbai 400 065 |
|
Name, Address, and Contact Details of Registrar and Transfer Agent, if any |
Link Intime India Private Limited C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Exhibition and Film & Media Services |
899.9 |
100% |
BOARD OF DIRECTORS
Mr. Sushilkumar Agrawal
Mrs. Sangeeta Sharma
Mr. Sunil Wadikar
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
|
Name of the Company |
Subsidiary/Associate |
% of shares held |
|
Reliance MediaWorks Financial Services Private Limited (‘RMFSPL’) |
Subsidiary |
100.00% |
|
Big Synergy Media Limited |
Subsidiary |
51.00% |
|
Reliance MediaWorks Theatres Limited |
Subsidiary |
100.00% |
|
Global MediaWorks (UK) Limited |
Subsidiary |
100.00% |
|
Reliance MediaWorks (USA), Inc. |
Subsidiary |
100.00% |
|
Divya Shakti Marketing Private Limited |
Joint Venture |
50.00% |
|
Prime Focus Limited |
Associate |
35.08% |
SHAREHOLDING PATTERN (As of 31-03-2020)
|
S. No. |
Shareholder’s Name |
Number of shares |
% of total Shares of the company |
|
1 |
Reliance Capital Limited (Promoter) |
19,32,089 |
1.00% |
|
2 |
Reliance Land Private Limited (Promoter) |
50 |
0.00% |
|
3 |
Public Shareholding |
19,12,76,692 |
99.00% |
|
|
Total |
19,32,08,831 |
100.00% |
INDUSTRY OUTLOOK
The Media & Entertainment Industry of India is a rising sector is making significant contributions to the Indian economy. The Media & Entertainment industry in India is in the phase of strong growth mainly due to rising consumer demand and improving advertising revenue.
The Indian media and entertainment (M&E) sector is projected to grow by 25% in 2021 and is expected to reach Rs. 1.73 lakhs crore (US$ 23.7 billion) and is projected to reach Rs. 2.23 lakh crore (US$ 30.6 billion) by 2023 at a CAGR of 17%.
In 2020, digital media has grown exponentially, however, television continued to remain the largest segment. The Secretary-General of FICCI said that ‘though the media and entertainment sector has been largely impacted by the pandemic, the positive news is that the digital subscription has grown by 49 percent and the online gaming industry has grown by 18 percent.
Advertising revenue in India is projected to reach Rs. 915 billion (US$ 12.98 billion) in 2023, from Rs. 596 billion (US$ 8.46 billion) in 2020. India’s subscription revenue is projected to reach Rs. 940 billion (US$ 13.34 billion) in 2023, from Rs. 631 billion (US$ 8.95 billion) in 2020. The online gaming market in India is projected to reach Rs. 155 billion (US$ 2.12 billion) by 2023, from Rs. 76 billion (US$ 1.08 billion) in 2020, due to the rapid increase in consumption.
Growth of the sector is attributable to the trend of platforms such as YouTube that continues to offer recent and video content-linked music for free, which is expected to drive the paid OTT music sector to reach around 5 million end-users by 2023, generating revenue of around Rs. 2 billion (US$ 27 million).
PROFIT & LOSS STATEMENT OF RELIANCE MEDIAWORKS LIMITED (In Rs. Lakhs)
|
PARTICULARS |
2020 |
2019 |
2018 |
|
Revenue from Operation |
2,360.20 |
6,788.01 |
5,994.40 |
|
EBITDA |
-2,289.60 |
-2,733.19 |
-5,142.50 |
|
Finance Cost |
22,353.24 |
19,296.75 |
28,804.50 |
|
Depreciation |
24.53 |
17.13 |
16.80 |
|
Other Income |
1,045.14 |
9,076.89 |
1,115.60 |
|
Profit before share of profit of Associate, Joint Venture and Tax |
-23,622.23 |
-12,970.18 |
-32,848.20 |
|
Share of profit/(loss) from Joint Venture |
0.00 |
-329.00 |
0.00 |
|
Share of profit/(loss) from Associate |
-5,342.58 |
-3,107.04 |
-1,435.40 |
|
Tax |
0.1 |
229.80 |
103.40 |
|
Profit after Tax (PAT) |
-28,964.91 |
-16,636.02 |
-34,387.00 |
|
EPS |
-14.99 |
-8.61 |
-17.83 |
BALANCE SHEET OF RELIANCE MEDIAWORKS LIMITED (In Rs. Lakhs)
|
PARTICULARS |
31st March 2020 |
31st March 2019 |
|
ASSETS |
||
|
NON CURRENT ASSETS |
||
|
Tangible Assets |
93.13 |
87.11 |
|
Goodwill |
363.32 |
363.32 |
|
Financial Assets |
94,705.48 |
96,682.50 |
|
Tax assets |
36.51 |
34.32 |
|
Other Non-Current Assets |
621.02 |
1048.18 |
|
TOTAL NON CURRENT ASSETS |
95,819.46 |
98,215.43 |
|
CURRENT ASSETS |
||
|
Inventories |
496.62 |
107.81 |
|
Financial assets |
2,434.05 |
8,978.17 |
|
Trade Receivables |
691.74 |
373.02 |
|
Cash and Cash equivalents |
1,515.08 |
5,692.87 |
|
Other Current assets |
2,509.51 |
1,993.88 |
|
TOTAL CURRENT ASSETS |
7,647.00 |
17,145.75 |
|
TOTAL ASSETS |
1,03,466.46 |
1,15,361.18 |
|
EQUITY AND LIABILITIES |
||
|
EQUITY |
||
|
Equity share capital |
9,660.44 |
9,660.44 |
|
Other Equity |
-2,50,563.05 |
-2,21,859.66 |
|
Non-controlling interests |
1,367.29 |
1,629.74 |
|
TOTAL EQUITY |
-2,39,535.32 |
-2,10,569.48 |
|
LIABILITIES |
||
|
NON CURRENT LIABILITIES |
||
|
Borrowings |
2,97,107.40 |
2,87,207.44 |
|
Provisions |
49.06 |
21.73 |
|
TOTAL NON CURRENT LIABILITIES |
2,97,156.46 |
2,87,229.17 |
|
CURRENT LIABILITIES |
||
|
Borrowings |
1,100.00 |
1,100.00 |
|
Financial liabilities |
33,961.63 |
27,206.38 |
|
Trade payables |
8,595.45 |
8,687.08 |
|
Provisions |
2.67 |
5.06 |
|
Other current liabilities |
2,185.57 |
1,702.98 |
|
TOTAL CURRENT LIABILITIES |
45,845.32 |
38,701.50 |
|
TOTAL LIABILITIES |
3,43,001.78 |
3,25,930.67 |
|
TOTAL EQUITY AND LIABILITIES |
1,03,466.46 |
1,15,361.19 |
RETAINED EARNINGS
|
Particulars |
2020 |
2019 |
2018 |
|
Dividend (Interim + Final) (In Rs.) |
Nil |
Nil |
Nil |
|
Retained Earnings (Consolidated) (In Rs. Lakhs) |
-2,50,570.69 |
-2,21,867.80 |
-2,04,518.62 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company decreased by 65.23% from Rs. 6,788.01 lakhs in FY 2019 to Rs. 2,360.20 lakhs in FY 2020.
The EBITDA of the company declined from a loss of Rs. 2,733.19 lakhs in FY 2019 to a loss of Rs. 2,289.60 lakhs in FY 2020.
The net loss of the company increased from Rs. 16,636.02 lakhs in FY 2019 to a loss of Rs. 28,964.91 lakhs in FY 2020.
The Current Ratio of the company as of 31st March 2020 was 0.16.
The company has not given any dividends for the past three years.
The book value per equity share of the company as of 31st March 2020 was Rs. -123.97
