1. Summary Information
|
|
|
Country |
|
|
Company Name |
GTL ADHESIVE
TAPES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Alok Gupta |
|
Status |
Small Company |
Principal Name 2 |
Mrs. Kiran Gupta |
|
|
|
Registration # |
88542 |
|
Street Address |
114, Veer
Savarkar Block Vikas Marg, Shakar Pur, |
||
|
Established Date |
15.07.1997 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Adhesives |
|
# of employees |
-- |
Product Name 2 |
Glues |
|
Paid up capital |
Rs.
500,000
/- |
Product Name 3 |
Gum Products |
|
Shareholders |
Directors or relatives of directors – 100% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
13 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
6,559,000 |
Current Liabilities |
4,927,000 |
|
Inventories |
3,671,000 |
Long-term Liabilities |
9,049,000 |
|
Fixed Assets |
4,554,000 |
Other Liabilities |
-- |
|
Deferred Assets |
75,000 |
Total Liabilities |
13,976,000 |
|
Invest& other Assets |
58,000 |
Retained Earnings |
441,000 |
|
|
|
Net Worth |
941,000 |
|
Total Assets |
14,917,000 |
Total Liab. & Equity |
14,917,000 |
|
Total Assets (Previous Year) |
14,102,000 |
|
|
|
P/L Statement as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
112,000 |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
74,000 |
MIRA INFORM
REPORT
|
Report Date : |
22.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
GTL ADHESIVE TAPES INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known As : |
GUPTA TRADELINK PRIVATE LIMITED |
|
|
|
|
Registered Office : |
114, Veer Savarkar Block Vikas Marg, Shakar Pur, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Date of Incorporation : |
15.07.1997 |
|
|
|
|
Com. Reg. No.: |
88542 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909DL1997PTC088542 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Adhesives, Glues and Gum Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3700 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
114, Veer Savarkar Block Vikas Marg, Shakar Pur, |
|
E-Mail : |
|
|
|
|
|
Factory : |
A – 2/26, Kavi Nagar Industrial Area, |
|
Tel No. : |
91-120-4167570 |
DIRECTORS
As 29.09.2008
|
Name : |
Mr. Alok Gupta |
|
Designation : |
Director |
|
Address : |
II – B – 155, Nehru Nagar, |
|
Date of Birth/Age : |
25.11.1969 |
|
Date of Appointment : |
15.07.1997 |
|
|
|
|
Name : |
Mrs. Kiran Gupta |
|
Designation : |
Director |
|
Address : |
II – B – 155, Nehru Nagar, |
|
Date of Birth/Age : |
14.02.1942 |
|
Date of Appointment : |
15.07.1997 |
|
|
|
|
Name : |
Mrs. Shivani Gupta |
|
Designation : |
Director |
|
Address : |
II – B – 155, Nehru Nagar, |
|
Date of Birth/Age : |
27.09.1972 |
|
Date of Appointment : |
18.12.1997 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As 29.09.2008
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Alok Gupta |
|
25000 |
|
Mrs. Kiran Gupta |
|
5000 |
|
Mrs. Shivani Gupta |
|
15000 |
|
Mrs. Swarn Kanta Devi |
|
2500 |
|
Mr. Jagmohan Lal |
|
2500 |
|
|
|
|
|
Total |
|
50000 |
As on 29.09.2008
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Adhesives, Glues and Gum Products. |
GENERAL INFORMATION
|
Bankers : |
|
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Facilities : |
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|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manoj Kumar Jain Chartered Accountant |
|
Address : |
C – 1, 1st Floor, RDC, Raj Nagar, |
|
Tel. No.: |
91-120-2781879 |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 10 /- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 10 /- each |
Rs. 0.500 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.500 |
0.500 |
0.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.441 |
0.419 |
0.412 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.941 |
0.919 |
0.612 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.558 |
7.149 |
6.656 |
|
|
2] Unsecured Loans |
2.491 |
1.821 |
1.949 |
|
|
TOTAL BORROWING |
9.049 |
8.970 |
8.605 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9.990 |
9.889 |
9.217 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.554 |
2.481 |
0.606 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.058 |
0.008 |
3.143 |
|
|
DEFERREX TAX ASSETS |
0.075 |
0.052 |
0.034 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.671
|
4.486 |
2.613 |
|
|
Sundry Debtors |
5.276
|
5.560 |
4.523 |
|
|
Cash & Bank Balances |
0.767
|
1.266 |
1.205 |
|
|
Other Current Assets |
0.190
|
0.158 |
0.153 |
|
|
Loans & Advances |
0.326
|
0.091 |
0.610 |
|
Total
Current Assets |
10.230
|
11.561 |
9.104 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
4.814
|
4.128 |
3.628 |
|
|
Provisions |
0.113
|
0.085 |
0.043 |
|
Total
Current Liabilities |
4.927
|
4.213 |
3.671 |
|
|
Net Current Assets |
5.303
|
7.348 |
5.433 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.001 |
|
|
|
|
|
|
|
|
TOTAL |
9.990 |
9.889 |
9.217 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
|
|
|
|
Net Profit for the year |
0.112 |
0.074 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
14.85
|
14.34 |
20.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08
|
2.74 |
2.48 |
LOCAL AGENCY FURTHER INFORMATION
Form 8:
|
Corporate
identity number of the company |
U51909DL1997PTC088542
|
|
Name of the
company |
GTL ADHESIVE TAPES INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
114, Veer Savarkar Block Vikas Marg, Shakar Pur, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90037333 |
|
Type of charge |
Immovable property
Book Debts Movable Property |
|
Particular of
charge holder |
Canara Bank, Nehru Nagar, |
|
Nature of
instrument creating charge |
As per supplement
agreement and agreement Re: Collateral Security attached herewith |
|
Date of
instrument Creating the charge |
18.06.2009 |
|
Amount secured by
the charge |
Rs. 8.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest The rate may be charged
at 1.5% p.a above ongoing PLR with a minimum of 13.5% p.a. compounded monthly
or the rates as may be prescribed by
bank from time to time. Terms of
Repayment On Demand Margin As per Bank Norms
Extent and
Operation of the charge 100% |
|
Short particulars
of the property charged |
Hypothecation of
entire stock such as adhesive, Tapes, Lubricants, Electronic Goods Etc. Hypothecation of
Book Debts in trade not more than 90 Days EMT of lease hold
residential property at A-26 Sector-35 Noida Gautam Budh Nagar Valued Rs.9.950 Millions Personal
Guarantee of Directors |
|
Particulars of
the present modification |
The charge over
stock and book debts as detailed in supplement Agreement dated 18-06-2009 stands
enhanced to Rs.8.000 Millions. The OCC Limit shall be further collaterally
secured by way of deposit of title
deeds .the other terms and conditions are remained same. |
Fixed Assets:
- Air
Conditioner
- Air
Compressor
- Car
- Computer
- Construction
- Furniture and
Fixtures
- Invertors
- Land
- Mobile Phone
- Office
Equipments
- Plant and
Machinery
- Television
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.45.11 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.61.70 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.