1. Summary Information
|
|
|
Country |
|
|
Company Name |
GUL TRADE LINKS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashwani Gulati |
|
Status |
Small Company |
Principal Name 2 |
Mr. Anil Gulati |
|
|
|
Registration # |
55-146975 |
|
Street Address |
T-15, Gali No.10, Anand Parbat Industrial Area, |
||
|
Established Date |
01.03.2006 |
SIC Code |
-- |
|
Telephone# |
91-11-28762708 |
Business Style 1 |
Trader |
|
Fax # |
91-11-45011444 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Prime excess Steels. |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
100,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors (100.00%) |
Banking |
Axis Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
5 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 |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
6,332,000 |
Current Liabilities |
3,772,000 |
|
Inventories |
823,000 |
Long-term Liabilities |
3,782,000 |
|
Fixed Assets |
1,305,000 |
Other Liabilities |
227,000 |
|
Deferred Assets |
000 |
Total Liabilities |
7,781,000 |
|
Invest& other Assets |
4,000 |
Retained Earnings4 |
583,000 |
|
|
|
Net Worth |
683,000 |
|
Total Assets |
8,464,000 |
Total Liab. & Equity |
8,464,000 |
|
Total Assets (Previous Year) |
6,655,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
176,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
84,000 |
MIRA
INFORM REPORT
|
Report Date : |
28.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
GUL TRADE LINKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
T-15, Gali No.10, Anand Parbat Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
01.03.2006 |
|
|
|
|
Com. Reg. No.: |
55-146975 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2006PTC146975 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELG09691D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG5407A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importers, Exporters and Traders of Second, overrolledrade, prime excess Steels. |
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 2700 |
|
|
|
|
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.
However 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. Latest Profit and Loss of the company is not available. |
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 : |
T-15, Gali No.10, Anand Parbat Industrial Area, |
|
Tel. No.: |
91-11-28762708 |
|
Fax No.: |
91-11-45011444 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Ashwani Gulati |
|
Designation : |
Director |
|
Address : |
C-4, D/50A, Janakpuri, |
|
Date of Birth/Age : |
09.11.1961 |
|
Date of Appointment : |
01.03.2006 |
|
|
|
|
Name : |
Mr. Anil Gulati |
|
Designation : |
Director |
|
Address : |
C-4, D/50A, Janakpuri, |
|
Date of Birth/Age : |
26.08.1963 |
|
Date of Appointment : |
01.03.2006 |
|
|
|
|
Name : |
Mr. Shray Gulati |
|
Designation : |
Director |
|
Address : |
C-4, D/50A, Janakpuri, |
|
Date of Birth/Age : |
20.01.1988 |
|
Date of Appointment : |
15.04.2009 |
|
|
|
|
Name : |
Mr. Kiran Gulati |
|
Designation : |
Director |
|
Address : |
50A, C4D Block, Janak Puri, |
|
Date of Birth/Age : |
23.02.1963 |
|
Date of Appointment : |
13.04.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ashwani Gulati |
|
5000 |
|
Anil Gulati |
|
5000 |
|
Total |
|
10000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
|
S. No. |
Category |
Percentage |
|
1 |
Directors or
relatives of Directors |
100.00 |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers, Exporters and Traders of Second,
overrolledrade, prime excess Steels. |
GENERAL INFORMATION
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S K Relan and Associates Chartered Accountant |
|
Address : |
2161/61, Naiwala, Karol Bagh, |
|
Tel No.: |
91-11-28755571 |
CAPITAL STRUCTURE
AS ON 31.03.2010
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 |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.583 |
0.418 |
0.344 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.683 |
0.518 |
0.444 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.772 |
0.341 |
0.418 |
|
|
2] Unsecured Loans |
3.010 |
2.500 |
1.575 |
|
|
TOTAL BORROWING |
3.782 |
2.841 |
1.993 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
TOTAL |
4.465 |
3.359 |
2.440 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.305 |
0.451 |
0.572 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.823
|
1.557
|
0.000 |
|
|
Sundry Debtors |
1.957
|
3.587
|
2.299 |
|
|
Cash & Bank Balances |
1.092
|
0.779
|
0.422 |
|
|
Other Current Assets |
0.000
|
0.000
|
4.565 |
|
|
Loans & Advances |
3.283
|
0.273
|
0.132 |
|
Total
Current Assets |
7.155
|
6.196
|
7.418 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.254
|
2.550
|
4.688 |
|
|
Other Current Liabilities |
0.518
|
0.446
|
0.672 |
|
|
Provisions |
0.227
|
0.300
|
0.203 |
|
Total
Current Liabilities |
3.999
|
3.296 |
5.563 |
|
|
Net Current Assets |
3.156
|
2.900
|
1.855 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.004 |
0.008 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
4.465 |
3.359 |
2.440 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
23.037 |
|
|
|
Other Income |
NA |
NA |
0.571 |
|
|
|
TOTAL (A) |
NA |
NA |
23.608 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
|
13.771 |
|
|
|
Import Expenses |
|
|
7.921 |
|
|
|
Administrative and Other
Expenses |
NA |
NA |
1.968 |
|
|
|
Preliminary Expenses W/Off |
|
|
0.004 |
|
|
|
Increased / Decreased in stock |
|
|
(0.628) |
|
|
|
TOTAL (B) |
NA |
NA |
23.036 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
0.572 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
0.572 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
0.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
0.451 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
NA |
NA |
0.163 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.176 |
0.084 |
0.288 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.057 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
0.345 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
13.771 |
|
|
TOTAL IMPORTS |
NA |
NA |
13.771 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.60 |
-- |
28.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
5.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.85 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
11.39
|
11.85 |
17.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
1.88 |
1.33 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered address of the company has been shifted from T-11, Gali
No.10, Anand Parvat Industrial Area,
Financial Performance;
The company was incorporated on 1st Day of March 2006 and the
trading activities were started from 6th day of June 2006. During
the fourth year working of the company the company earned a net profit of Rs.
0.176 Million after taxes as compared to net profit of Rs. 0.084 Million during
the previous year.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51909DL2006PTC146975 |
|
Name of the
company |
GUL TRADE LINKS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
T-15, Gali No.10, Anand Parbat Industrial Area, |
|
This form is for |
Creation of
Charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Axis Bank Limited, 4/10, OPG House, |
|
Nature of
instrument creating charge |
Deed of
Hypothecation of Current assets (Stocks and Book Debts) |
|
Date of
instrument Creating the charge |
08.12.2010 |
|
Amount secured by
the charge |
Rs. 7.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
letter No. AxisB/SME/2010-11/7901 Dated 09.09.2010 and
AXISB/NDZO/ADV/2010-11/9893 Dated 11.11.2010 to be amended from time to time. Terms of
Repayment As per sanction
letter No. AxisB/SME/2010-11/7901 Dated 09.09.2010 and
AXISB/NDZO/ADV/2010-11/9893 Dated 11.11.2010 to be amended from time to time. Margin As per sanction
letter No. AxisB/SME/2010-11/7901 Dated 09.09.2010 and AXISB/NDZO/ADV/2010-11/9893
Dated 11.11.2010 to be amended from
time to time. Extent and
Operation of the charge Extent and
Operation- 100% |
|
Short particulars
of the property charged |
Hypothecation by
way of first and exclusive charge over all present and future current assets
and movable fixed assets (excluding vehicles) fo the company stores or to be
stored at the company’s Godowns or premises or wherever else the same may be. |
Fixed Assets:
- Furniture and Fixtures
- Machinery
- Office Equipment
- Generator
- Scooty
- Computer
- Car
AS PER WEBSITE
Profile:
Based In India subject Is, an international Trading Company which has
made a Mark in dealing with Prime and secondary ferrous and non ferrous metal products.
The main aim implies not just to develop trade but making good relations with
the suppliers and customers and reach out to newer markets across the globe for
making the service more prompt and promising. Maintaining the reputation since
1965 they are confined to stick to the word weather the market gets its usual
ups and downs and also to the guarantee of the product quality assurance.
Backing up to the chairman Mr. Bal Krishan Gulati with his decades of
well known experiences and procurement of Quality and success and further
making this a family business with The Director as Mr. Ashwani Gulati of their
age of experience in foreign trade they have been able to establish various
sources of trade across Europe, America, Malaysia, Singapore, South Korea,
Japan and varied regions of south east Asia and Middle East. The clients know
them due to the well known good image and regular supply of quality products,
at the best price available in the market.
Going Back to 1965 Mr Bal Krishan Gulati with sheer hard work made a
strong base and started with his first firm as Bharat Iron and Steel Company.
As time flew by, efforts, knowledge, And Experiences grew with uncountable
jumps and hands joined in with opening up of the sister concerns Gulati Steels
and Bee Kay Overseas (India) and Adding up to the best Finally merged into Gul
Trade Links Private Limited in the year 2006.
They focus on B2B trade as it always points to best deals for the market
and provides both the seller and the buyer get the best price and always have
focus on making not just the deals but a good and healthy relationship for the
future.
They mainly focus on the listed steel products and also are service
providers in other fields such as scrap processing machines, used machinery and
plants, Indian spices, sweets, Indian wear, Suits, Chemicals/pesticides.
The banking facilities are supported by ABN Amro Bank N.V.
They readily welcome the new markets for procuring and supplying new
products and will solicit any enquiries and offers, which they assure, will
receive the attention and prompt reply is assured.
For more details of the products dealt in Please to check the website.
Or other services column. You are welcome to send them any enquiry if needed.
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.45.61 |
|
|
1 |
Rs.71.40 |
|
Euro |
1 |
Rs.59.63 |
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.