April 6, 1999

 

 

NAME

 

COTTON CLUB INC.

 

REGISTERED OFFICE

 

218 Commerce House, Nagindas Master Road, Fort, Mumbai  - 400 023, INDIA

Tel. No.      91-22-267 0145 / 269 3523

Fax No.      91-22-267 4464

E-mail        cotclub@bom2.vsnl.net.in

 

FACTORY

 

Not applicable

 

BRANCH

 

Nil

 

HISTORY

 

Subject was established on 8th February, 1992 at Mumbai in Maharashtra as a Sole Proprietory concern.

 

It was converted into a Partnership concern w.e.f. 1st September, 1992.

 

LEGAL FORM

 

It is a Partnership concern with Unlimited Liability of the partners.

 

PARTNERS

 

Mr. Aditya Gupta

Age – 33 years; Experience – 15 years; Commerce Graduate

Mrs. Asha Gupta

Partner

Mr. Ajay Gupta

Partner

 

BUSINESS

 

The concern is engaged in as Merchant Exporter of Cotton & Synthetic Textiles from Yarn to Finished Home Textiles.

 

The concern does not import.

 

The concern exports Cotton & Synthetic Textiles from Yarn to Finished Home Textiles to Europe, South America and North Africa against L/C & CAD terms.

 

The concern has manufacturing arrangements with Badridas Gauridatt Limited, Mumbai.

 

The concern also has working arrangements with EON International Trade Holdings (Mauritius) Limited through whom they trade in third country textiles and paper products.

 

The concern’s customers are wholesalers.

 

The concern is in trade terms with :

 

K                 Greeve & Company, 48712 Gescher Fabrikstrabe 21, Germany

K                 N. Karalos Company E. E., 6-8 Tagiapiera Str., 11525 Athens, Greece

K                 H&W Schmaenk GmbH & Company KG, Zum Tollber 11, D-4236 Hamminkeln – Dinden, Germany

K                 Banko Diffusion, 80 Avenue Victor Huge, 93300 Auber Villiers, France

 

The concern operates from a caption rented office premises of 300 sq.ft. The other 300 sq.ft. is under renovation.

 

The concern employs 12 persons.

 

SISTER CONCERNS

 

K                 CCI Intertrade Private Limited, Mumbai, INDIA

-        Trading in Paper

 

MEMBERSHIPS

 

K                 The Cotton Textile Export Promotion Council

 

BANKERS

 

K                 Union Bank of India, Bombay Samachar Marg, Mumbai – 400 023, INDIA

[The concern enjoys Pre-shipment & Post-shipment export credit of Rs.40 millions from the bank]

 

FINANCIAL INFORMATION

 

 [figures are in Rupees Millions]

PARTICULARS

 

31.03.1999

31.03.1998

31.03.1997

 

 

 

 

Capital Investment

7.436

NA

NA

 

 

 

 

Annual Turnover

46.181

79.099

76.764

 

CAPITAL BREAKUP

 

Mr. Aditya Gupta                   :  Rs.3.242 millions

Mr. Ajay Gupta             :  Rs.1.439 millions

Mrs. Asha Gupta          :  Rs.2.755 millions

 

COMMENTS

 

Subject is a well-established merchant exporter. The concern is managed and controlled by Gupta Family. Their trade relations are fair. General reputation is favourable. Payments are always correct and as per commitments.

 

The concern can be considered good for any normal business dealings at usual trade terms and conditions.