Business
information report
1.
Summary Information
|
|
|
Country |
|
|
Company Name |
GTL ADHESIVE
TAPES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Alok Kumar Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Shivani Gupta |
|
|
|
Registration # |
55-088542 |
|
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 |
Glues |
|
|
# of employees |
Not Available |
Product Name 2 |
Gum Product |
|
Paid up capital |
Rs.
750,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors and relatives of directors – 100% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2.
Summary Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
15,771,000 |
Current Liabilities |
8,930,000 |
|
Inventories |
4,311,000 |
Long-term Liabilities |
13,195,000 |
|
Fixed Assets |
5,669,000 |
Other Liabilities |
129,000 |
|
Deferred Assets |
52,000 |
Total Liabilities |
22,254,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
2,799,000 |
|
|
|
Net Worth |
3,549,000 |
|
Total Assets |
25,803,000 |
Total Liab. & Equity |
25,803,000 |
|
Total Assets (Previous Year) |
21,748,000 |
|
|
|
P/L Statement as of |
|
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
174,000 |
|
Sales(Previous yr) |
38,493,000 |
Net Profit(Prev.yr) |
52,000 |
MIRA
INFORM REPORT
|
Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
GTL ADHESIVE TAPES INDIA PRIVATE LIMITED (w.e.f. 27.02.2009) |
|
|
|
|
Formerly Known
As : |
GUPTA TRADELINK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
114, Veer Savarkar Block Vikas Marg, Shakar Pur, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.07.1997 |
|
|
|
|
Com. Reg. No.: |
55-088542 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1997PTC088542 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Adhesives, Glues and Gum Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record.
Profitability of the company appears to be low. However, trade relations are
reported to be fair. Business is active. Payments are reported to be fair. The company can be considered for business dealing with some caution. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
114, Veer Savarkar Block Vikas Marg, Shakar Pur, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Administrative Office : |
A – 2/26, Kavi Nagar Industrial Area, |
|
Tel. No.: |
91-120-4167570 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Alok Kumar Gupta |
|
Designation : |
Director |
|
Address : |
II – B – 155, Nehru Nagar, |
|
Date of Birth/Age : |
25.11.1969 |
|
Date of Appointment : |
15.07.1997 |
|
DIN No.: |
01554426 |
|
|
|
|
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 |
|
DIN No.: |
01554291 |
|
|
|
|
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 |
|
DIN No.: |
01554365 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Alok Gupta |
27500 |
|
Kiran Gupta |
5000 |
|
Shivani Gupta |
25000 |
|
Swarn Kanta Devi |
2500 |
|
Jagmohan Lal |
2500 |
|
Alok Gupta (HUF) |
12500 |
|
TOTAL
|
75000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Adhesives, Glues and Gum Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
HDFC Bank ·
ICICI Bank ·
Syndicate Bank ·
Union Bank of India ·
The Vysya Bank Limited |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manoj Kumar Jain Chartered Accountant |
|
Address : |
C – 1, 1st Floor, RDC, Raj Nagar, |
|
Tel. No.: |
91-120-2781879 |
|
PAN No.: |
ACIPJ1623N |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.10/- each |
Rs. 0.750
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.750 |
0.650 |
0.650 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.799 |
1.125 |
1.073 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.549 |
1.775 |
1.723 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.636 |
8.850 |
7.262 |
|
|
2] Unsecured Loans |
4.559 |
3.333 |
3.008 |
|
|
TOTAL BORROWING |
13.195 |
12.183 |
10.270 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.744 |
13.958 |
11.993 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.669 |
6.218 |
4.915 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.052 |
0.087 |
0.073 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.311
|
5.541 |
4.067 |
|
|
Sundry Debtors |
13.142
|
8.341 |
7.386 |
|
|
Cash & Bank Balances |
0.864
|
1.134 |
0.150 |
|
|
Other Current Assets |
0.182
|
0.172 |
0.176 |
|
|
Loans & Advances |
1.583
|
0.255 |
0.138 |
|
Total
Current Assets |
20.082
|
15.443 |
11.917 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.166
|
5.753 |
3.112 |
|
|
Other Current Liabilities |
1.764
|
1.990 |
1.692 |
|
|
Provisions |
0.129
|
0.047 |
0.108 |
|
Total
Current Liabilities |
9.059
|
7.790 |
4.912 |
|
|
Net Current Assets |
11.023
|
7.653 |
7.005 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.744 |
13.958 |
11.993 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
38.493 |
NA |
|
|
|
Other Income |
|
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
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|
Administrative Expenses |
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|
Advertising Expenses |
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TOTAL |
NA |
38.431 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.338 |
0.085 |
0.143 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.164 |
0.033 |
0.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.174 |
0.052 |
0.032 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.32 |
0.80 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.22 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.31
|
0.39 |
0.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.05 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.27
|
11.25 |
8.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.22
|
1.98 |
2.43 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
one years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
BUSINESS OF THE
COMPANY
The company has done good business during the year and the directors of
the company are very serious and hopeful about the good working in the next
years.
FINANCIAL RESULT
OF THE COMPANY
The company has earned a profit of Rs. 0.338 million for the year ending
as on 31st March 2011. Director’s effort for increasing the
business, they are hopeful of earning sufficient profit in the near future.
RESERVES
The company has transferred Rs. 0.174 Million to Reserve and Surplus account
in the balance sheet for the year.
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 charge to be modified |
90037333 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Canara Bank, Nehru Nagar, Ghaziabad – 201001, Uttar Pradesh, India |
|
Nature of
instrument creating charge |
As per Common Hypothecation
Agreement dated 15-07-2011 |
|
Date of
instrument Creating the charge |
15.07.2011 |
|
Amount secured by
the charge |
Rs. 11.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest The rate shall be
charged @ 14.50% (Base Rate plus 4.25%) P.A. with monthly rest or the rate or rates as may be prescribed
by bank from time to time. Terms of repayment On Demand Margin 25% Extent and operation of the charge 100% |
|
Short particulars
of the property charged (Including location of the property) |
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 Land and
Building situated at A-26 Sector-35 Noida Gautam Budh Nagar valued Rs.17.020
Millions. |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Immovable property
is registered in the name of directors. |
|
Date of
instrument modifying the charge |
18.06.2009 |
|
Particulars of
the present modification |
The charge over
stock and book debts as detailed in Common Hypothecation Agreement dated
15-07-2011 stands enhanced to Rs.11.000 Millions to secure the limit of OCC
of Rs.11.000 Millions. The OCC limit shall be further collaterally secured by
way of deposit of tittle 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. 55.94 |
|
|
1 |
Rs. 86.55 |
|
Euro |
1 |
Rs. 67.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
27 |
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.