MIRA
INFORM REPORT
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Report Date : |
22.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
GSC TOUGHENED GLASS PRIVATE LIMITED |
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Registered Office : |
802, Arjun Nagar, Kotla Mubarakpur, (Opp.
Defence Colony) New Delhi - 110 003 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
02.03.1989 |
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Com. Reg. No.: |
55-35305 |
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CIN No.: [Company
Identification No.] |
U74899DL1989PTC035305 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELG02044A |
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PAN No.: [Permanent
Account No.] |
AAACG0050D |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturers and Exporters of Laminating and Insulating
Glass Products like Toughened Glass/Glass/Processing Machine & Plant for
Glass Manufacturing Machine. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2200000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory
track. Directors are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
802, Arjun Nagar, Kotla Mubarakpur,
(Opp. Defence Colony) New Delhi - 110 003, India |
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Tel. No.: |
91-11-41021222
(8 Lines) |
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Fax No.: |
91-11-41021220
/ 221 / 24642140 / 24581200 |
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E-Mail : |
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Website : |
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Head Office : |
5 & 7, Udyog Vihar,
Industrial Area, Greater Noida, 201 306 (U.P.) INDIA |
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Tel. No.: |
91-120-2569922, 33, 44,
2560574 |
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Fax No.: |
91-120-2560877, 2569288 |
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E-Mail : |
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Factory : |
Tel. 91-120-2581171/2581201/02 Fax. 91-120-2581096/2581200 E-mail. gsc.turtuf@axcess.net.in
/ gsc@gscglass.com Manufacturing Unit
Flat Glass Tempering
Hardware & Engineering
Bending & Tempering
Mumbai, Maharashtra
Tel.
91-22-27908218 Fax.
91-22-27908219 |
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Branches : |
Noida 5 and 7, Udyog Vihar, Greater
Noida – 201306, UP, India Tel No.: 91- 120- 2569922/ 33/
44 Fax No.: 91- 120- 2560877 Email : gsc@gscglass.com M/s Procon Instrumentation Private Limited 1 – H Shakti Towers, 766, Anna
Salai, Chennai – 600002 Phone No.: 91- 44- 28522348 Mob No.: 91- 9283401051 Email : vsr@gscglass.com Located at :
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DIRECTORS
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Name : |
Mr. Sharanjit Singh |
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Designation : |
Chairman and Managing Director
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Address : |
470, Sector - 15A, Noida,
Gautam Budh Nagar, Uttar Pradesh |
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Date of Birth/Age : |
23.09.1953 |
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Qualification : |
BE (Mech) |
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Date of Appointment : |
02.03.1989 |
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Name : |
Mr. Charanjit Singh |
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Designation : |
Director |
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Address : |
470, Sector - 15A, Noida,
Gautam Budh Nagar, Uttar Pradesh |
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Date of Birth/Age : |
11.07.1962 |
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Date of Appointment : |
21.05.1990 |
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Name : |
Mr. Pranit Malik |
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Designation : |
Director |
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Address : |
470, Sector - 15A, Noida,
Gautam Budh Nagar, Uttar Pradesh |
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Date of Birth/Age : |
12.07.1982 |
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Date of Appointment : |
02.02.2004 |
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Name : |
Mrs. Daljit Kaur |
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Designation : |
Director |
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Address : |
470, Sector - 15A, Noida, Gautam Budh Nagar, Uttar Pradesh |
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Date of Appointment : |
01.09.2006 |
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Name : |
Mr. Charanjit Singh |
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Designation : |
Director |
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Address : |
470, Sector - 15A, Noida, Gautam Budh Nagar, Uttar Pradesh |
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Date of Appointment : |
01.09.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 29.09.2007
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Names of Shareholders |
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No. of Shares |
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Mr. Sharanjit Singh |
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132405 |
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Mr. Charanjit Singh |
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98295 |
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Mr. Pranit Malik |
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31800 |
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Mr. Jasneet Malik |
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15900 |
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Ms. Tina Malik |
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15900 |
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Parccchita Singh UGN of Charanjit Singh |
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15900 |
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Amrita Singh UGN of Charanjit Singh |
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14000 |
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Baby Kriti UGN of Charanjit Singh |
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13750 |
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Shiva Agro Private Limited |
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270000 |
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Total |
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607950 |
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AS ON 29.09.2007 |
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Equity Share
Breakup |
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Category |
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Percentage of
Holding |
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Bodies corporate |
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44.42 |
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Directors of relatives of directors |
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55.58 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Laminating and Insulating Glass
Products like Toughened Glass/Glass/Processing Machine & Plant for Glass
Manufacturing Machine. |
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Products : |
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Brand Names : |
“Trutuf” |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Belgium and European |
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Terms : |
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Purchasing : |
L/C terms |
GENERAL
INFORMATION
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No. of Employees : |
400 |
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Bankers : |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
C. S. Bhatnagar & Company Chartered Accountants |
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Address : |
64, Regal Building, Connaught Palace, New Delhi – 110 001,
India |
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Tel. No.: |
91-11-23361674/23347019 |
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Email : |
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Collaborators : |
Soliver, Belgium |
CAPITAL STRUCTURE
AS ON 29.09.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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700000 |
Equity Shares |
Rs.
100/- each |
Rs.
70.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
607950 |
Equity Shares |
Rs.
100/- each |
Rs.
60.795 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
60.795 |
60.795 |
60.795 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
386.637 |
330.821 |
244.887 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
447.432 |
391.616 |
305.682 |
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LOAN FUNDS |
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1] Secured Loans |
118.884 |
139.792 |
108.785 |
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2] Unsecured Loans |
54.182 |
50.122 |
41.448 |
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TOTAL BORROWING |
173.066 |
189.914 |
150.233 |
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DEFERRED TAX LIABILITIES |
7.142 |
10.147 |
11.187 |
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TOTAL |
627.640 |
591.677 |
467.102 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
363.002 |
352.627 |
265.023 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.003 |
0.003 |
0.353 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
129.485
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105.531 |
94.063 |
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Sundry Debtors |
225.054
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164.584 |
141.270 |
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Cash & Bank Balances |
2.685
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9.080 |
4.369 |
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Other Current Assets |
0.000
|
6.798 |
0.000 |
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Loans & Advances |
120.637
|
100.759 |
82.381 |
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Total
Current Assets |
477.861
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386.752 |
322.083 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
123.542
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89.574 |
79.307 |
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Provisions |
89.684
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58.131 |
41.050 |
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Total
Current Liabilities |
213.226
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147.705 |
120.357 |
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Net Current Assets |
264.635
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239.047 |
201.726 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
627.640 |
591.677 |
467.102 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
723.869 |
568.885 |
484.956 |
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Total Income |
723.869 |
568.885 |
484.956 |
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Profit/(Loss) Before Tax |
91.633 |
108.725 |
75.811 |
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Provision for Taxation |
31.554 |
33.979 |
28.985 |
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Profit/(Loss) After Tax |
60.079 |
74.746 |
46.826 |
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Expenditures : |
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Other Expenditure |
632.236 |
437.050 |
387.972 |
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Total Expenditure |
632.236 |
437.050 |
387.972 |
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KEY RATIOS
|
PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
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08.29 |
13.13 |
9.65 |
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Net Profit Margin (PBT/Sales) |
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12.65 |
19.11 |
15.63 |
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Return on Total Assets (PBT/Total Assets} |
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10.89 |
14.70 |
12.91 |
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Return on Investment (ROI) (PBT/Networth) |
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0.20 |
0.27 |
0.24 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.86
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0.86 |
0.89 |
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Current Ratio (Current Asset/Current Liability) |
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2.24
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2.62 |
2.68 |
LOCAL AGENCY FURTHER
INFORMATION
Bankers Charges
Report as per Registry
|
Name of the company |
GSC
TOUGHENED GLASS PRIVATE LIMITED |
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Presented By |
Corporation
Bank, Small Scale Industries Branch, Noida, Uttar Pradesh |
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1) Date and description of instrument creating the change |
Charge created on
01.08.2003 and Registered on 29.08.2003 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 131.500
Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Equitable
mortgage of the lease hold industrial plot no. 5 & 7, Ecotech – 2. in the
lay out plan of Greater Noida Industrial Development Area District Gautam
Budha Nagar |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest @ 13.25
% p.a. overdue interest @ 15.25 % or such other rate to be fixed by the Bank
form time to time |
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5) Name and Address and description of the person entitled to the charge. |
Corporation Bank, Small Scale Industries Branch, Noida,
Uttar Pradesh |
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6) Date and brief description of instrument modifying the charge |
Continuity letter
dated 20.01.2006 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The amount of change
over immovable properties of the company as mentioned in col. No. 3 above as
fully described in schedule B of continuity letter stands enhanced from Rs.
131.500 Millions 164.719 millions to secure following credit limit sanctioned
by the Bank to the GSC Toughened Glass Private Limited
Other terms and
conditions remains the same. |
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This form is for |
Modification of
charge |
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Charge identification
number of the modified |
90334385 |
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Corporate
identity number of the company |
U74899DL1989PTC035305 |
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Name of the
company |
GSC
TOUGHENED GLASS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
802, Arjun Nagar,
Bhisham Pitamah Marg, New Delhi – 110003, India |
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Type of charge |
Movable Property |
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Particular of
charge holder |
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Nature of
description of the instrument creating or modifying the charge |
Continuity Letter
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Date of instrument
Creating the charge |
20.03.2008 |
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Amount secured by
the charge |
Rs.222.700
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per bank
sanction terms Terms of Repayment
As per bank
sanction terms Margin As per bank
sanction terms Extent and
Operation of the charge Equitable
mortgage of properties is to collaterally secure various credit limits
granted by the bank to the company
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Short particulars
of the property charged |
Equitable
mortgage by continuity letter in respect of company’s immovable properties
being plot no.5 and 7, area 31969.874 sq. meters, Udyog Vihar Industrial
Area, Greater Noida, UP |
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Date of latest
modification prior to the present modification |
18.12.2007 |
The company offers complete line of products for various
field of glass usage like Architecture, Automotive, Domestic Appliances, Solar
Collectors, Photovoltaics, Acrylic Moulds and Luminaries.
The company provides technical guidance to ;-
- Scholaz, Germany
- Du Pont, USA
- Du Pont, Australia
- Lisec, Austria
- Bystronic, Switzerland
- Officiana
Meccanica Schiatti Angelo, Italy
AS PER WEBSITE
Profile
The Company has been into glass tempering since 1978 and was
India’s first unit in the field of glass tempering with indigenous technology.
Their ‘Trutuf’ brand is well known all over the country and is widely
acknowledged and accepted in quality vis-à-vis international standards.
They have recently ventured into the fields of Laminating and Insulating glass
to provide their customers with complete solutions to their glass needs from
under one roof.
At The Company they are committed to providing their customers with the best
products and services and cater to all their glass processing needs. Given
their technological depth and breadth, they have developed an approach to
consistently deliver solutions that maximize value for their customers.
Combining over 24 years experience and dedication to research and development
creates an environment where The Company is able to provide the customer’s with
technically superior products.
References
Luxumburg International Airport, Cybre City - Mauritious,
Hotel Taragaon Regency - Kathmandu, Islamic Heritage (Bohra Mosque) - Boston.
Ansals, Unitech, L & T, Raheja Group, Nagarjuna
Construction, Trafalgar House, Holzmann Videocon, NBCC, TCIL/VSNL, Somdutt
Builders, Ahlluwalia Contracts, Tirath Ram Ahuja, HS Nag & Associates,
Advance India Projects, Ishvakoo India, Shapoorji Pllonji, Parsvnath Builders,
Omaxe - New Delhi, B L Kashyap & Sons, New Delhi, M G Constructions-
Kanpur.
Park - Chennai, Enjay Hotels - Mumbai, Leela Penta - Goa,
Taj - Calicut, hyatt Regency - New Delhi, Meridian - New Delhi, Bright Star -
Gurgaon, Park Royal - New Delhi, Maya Palace - Jallandhar, Gemini Continental -
Lucknow, Taragaon Regency - Kathmandu, Hotel Kamal - Hyderabad, Surya Sofitel -
New Delhi, Maurya Sheraton - New Delhi, Inter Continental - New Delhi, Raddison
- New Delhi, Ritz Plaza - Amritsar, Oberoi - Mauritius, Rajvilas - Jaipur,
Bristol - Gurgaon, Kanha Shyam - Allahabad, Jaypee - Agra, Imperial - New
Delhi, Oberoi Wild Flower - Simla, Udaivilas - Udaipur, M.K. Hotels - Amritsar,
Surya - Bangalore, Bright Enterprises (MBD) - Noida, Unison Hotels, ITC. Grand
Hyatt - Mumbai, Hotel Lake View - Nanital, Marine Plaza - Mumbai, Taj Hotel -
Mumbai, Hotel Alka - New Delhi, Le Meridian - Mumbai, Rajvilas - Jaipur, Hyatt
Regency - Kolkatta, Hyatt Regency - Mumbai, Amarvilas - Agra, Oberoi Mauritius,
I.T.C. Sonar Bangla - Kolkatta, I.T.C.Grand Martha- Mumbai, Park Hotel - New
Delhi, Park HOtel- Jaipur, K K Resorts - Jaipur.
IIT - Kanpur, G D Goenka International - Sohna, Ambani
School - Mumbai, American School - Mumbai, Starex International School - New
Delhi, Creane Memorial High School - Gaya, VSPK International School (Rohini) -
New Delhi.
Fortis - (Mohali) Chandigarh, Apollo - New Delhi, Apollo JMC
- Pune, Escorts - Faridabad, Balaji - New Delhi.
Automotice
Coach Builders, Railways
Their 'TRUTUF' brand of toughened glasses are already
approved as 'OE' supplies to Telco, Mahindra & Mahindra, Bajaj Tempo, Ashok
Leyland, Ruby Coach, Hindustan Motors etc., through their window fabricators -
M/s. Auto Window and Suvega group of Industries.
DTC (CNG) : They are the only approved source of supply of
PVB Lamianted Wind Screen Safety Glasses to the CNG bus bodies of DTC.
PRIVATE : Azad/Jaico Group - Bangalore/Jaipur, SM Kannappa -
Bangalore, ACGL - Goa, ELGEEBEE - Karur, Sutlej - Jalandhar, Utkal Autos -
Jamshedpur and many other reputed Coach Builders all over India.
STUs : They are also the approved source of suppliers to the
RSRTC Body building for supply of both flat and curved toughened glasses.
Besides, other STUs like Haryana Roadways, UPSRTC, MPSRTC, APSRT, HPSRTC and
various Tamil Nadu Corporations are also amongst their regular clients.
Al Karma - New Delhi, Aluplex - Mumbai, S.P. Fabricators -
Mumbai, Alufit - Bangalore, Alumilite - Calcutta/Mumbai, Crystal Corporation -
Mumbai, Ajit India - Mumbai, Metal Facade Systems - Mumbai, McCoy Prob
Engineers - Mumbai/New Delhi, Tirupati Engineers - Mumbai, ECIE - Bangalore,
NCL Seccular - Hyderabad / New Delhi, AGV Alfab - New Delhi, Hi-Tech Aluminium
- New Delhi, Mahavir Aluminium - New Delhi, System MW - Ahmedabad, Bhargava
& Associates - Lucknow, Aluminium Glass & Glazing - Chennai/Hyderabad,
Construction Catalysers - Pune, Glaze Engineering - Gujarat, Shivalco - New
Delhi, Harit Aluminium - New Delhi, Geodesic Techniques - Bangalore, Milestone
Aluminium - Bangalore, Grindwell Norton - Bangalore, KS Anodisers - New Delhi,
Prestige Metals - Mumbai, MIDCO - Mumbai, Super Aluminium, Faridabad, Shah
Granites - Mumbai, Almalo - New Delhi, Kalibre - New Delhi, Pushpdeep -
Bangalore, Alupro - Mumbai, Sharp Engineers - Pune. Sound Control Systems -
Pune, Computer Environment, Construction Catalysers - Pune, M.S. Engineers -
Mumbai, Elgi Building Systems - Bangalore.
Press Release
THE COMPANY has been into glass tempering since 1978
03/16/2006
Description
The Company has been into glass tempering
since 1978 and was India’s first unit in the field of glass tempering with
indigenous technology. Their ‘Trutuf’ brand is well known all over the country
and is widely acknowledged and accepted in quality vis-à-vis international
standards
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.39 |
|
UK Pound |
1 |
Rs.70.66 |
|
Euro |
1 |
Rs.66.33 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|