MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
GALA PRECISION TECHNOLOGY PRIVATE LIMITED |
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Formerly Known
As : |
GALA PRECISION TECHNOLOGY LIMITED (w.e.f. 10.11.2004) GALA EQUIPMENT LIMITED |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08261B |
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PAN No.: [Permanent Account No.] |
AAACG1777F |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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300 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Compressors used in Refrigerator, AC and Passenger
Cars. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Terms : |
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Selling : |
L/C / Credit |
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Purchasing : |
L/C / Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
· State Bank of India, Waphodia Branch, Mumbai, Maharashtra, India ·
Citi Bank NA, Citigroup Centre, Bandra Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
706, ‘B’ Wing, 7th Floor, |
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Tel. No.: |
91-20-66244600 |
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Fax No.: |
91-20-66244605 |
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PAN No.: |
AADFD7917A |
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Ultimate Holding Company : |
Hoerbiger Holding AG
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Holding Company: |
Hoerbiger Deutschland Holding GmbH |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.06.2013
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Names of Shareholders |
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No. of Shares |
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National Securities Depository Limited, India |
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2876612 |
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Hoerbiger Deulschland Holding GmbH, Germany |
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500 |
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Total |
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2877112 |
As on 28.06.2013
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
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Total |
100.00 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.12.2012 |
31.12.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
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28.771 |
28.771 |
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(b) Reserves & Surplus |
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310.183 |
281.625 |
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(c) Money
received against share warrants |
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0.000 |
0.000 |
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(2) Share Application money pending allotment |
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0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
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338.954 |
310.396 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
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31.946 |
35.103 |
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(b) Deferred tax liabilities (Net) |
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0.426 |
5.100 |
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(c) Other long term liabilities |
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0.000 |
0.000 |
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(d) long-term provisions |
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9.626 |
5.992 |
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Total Non-current Liabilities (3) |
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41.998 |
46.195 |
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(4) Current Liabilities |
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(a) Short term borrowings |
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2.272 |
2.544 |
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(b) Trade payables |
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78.774 |
81.731 |
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(c) Other current
liabilities |
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8.499 |
6.541 |
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(d) Short-term provisions |
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11.705 |
12.605 |
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Total Current Liabilities (4) |
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101.250 |
103.421 |
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TOTAL |
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482.202 |
460.012 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
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126.916 |
133.160 |
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(ii) Intangible Assets |
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7.462 |
12.881 |
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(iii) Capital
work-in-progress |
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1.715 |
0.669 |
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(iv)
Intangible assets under development |
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0.000 |
0.000 |
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(b) Non-current Investments |
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0.000 |
0.000 |
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(c) Deferred tax assets (net) |
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0.000 |
0.000 |
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(d) Long-term Loan and Advances |
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12.385 |
9.315 |
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(e) Other Non-current assets |
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0.764 |
1.125 |
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Total Non-Current Assets |
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149.242 |
157.150 |
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(2) Current assets |
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(a) Current investments |
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0.000 |
0.000 |
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(b) Inventories |
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117.701 |
131.824 |
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(c) Trade receivables |
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151.032 |
132.469 |
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(d) Cash and cash
equivalents |
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16.816 |
10.265 |
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(e) Short-term loans and
advances |
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45.153 |
27.026 |
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(f) Other current assets |
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2.258 |
1.278 |
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Total Current Assets |
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332.960 |
302.862 |
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TOTAL |
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482.202 |
460.012 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
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SALES |
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670.085 |
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545.144 |
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Other Income |
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TOTAL (A) |
670.085 |
635.147 |
545.144 |
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Less |
EXPENSES |
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Administrative Expenses |
588.543 |
547.413 |
478.111 |
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Advertising Expenses |
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TOTAL (B) |
588.543 |
547.413 |
478.111 |
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Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
81.542 |
87.734 |
67.033 |
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Less |
FINANCIAL
EXPENSES (D) |
0.009 |
0.004 |
0.113 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
81.533 |
87.730 |
66.920 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
39.485 |
40.383 |
36.781 |
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PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
42.048 |
47.347 |
30.139 |
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Less |
TAX (H) |
13.490 |
11.290 |
18.168 |
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PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
28.558 |
36.057 |
11.971 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28.039 |
(8.018) |
(19.989) |
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BALANCE CARRIED
TO THE B/S |
56.597 |
28.039 |
(8.018) |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
346.354 |
358.547 |
266.986 |
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TOTAL EARNINGS |
346.354 |
358.547 |
266.986 |
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Raw Materials |
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219.911 |
164.974 |
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Components & Spares Parts |
NA |
0.642 |
0.125 |
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Capital Goods |
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7.139 |
2.330 |
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TOTAL IMPORTS |
NA |
227.692 |
167.429 |
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Earnings /
(Loss) Per Share (Rs.) |
9.93 |
12.53 |
NA |
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LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered Office of the company has been shifted from 116, Narayan
Dhuru Street, Ground Floor, Mumbai – 400003, Maharashtra, India to the present
address w.e.f. 01.07.2012
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LITIGATION DETAILS |
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Bench:- Bombay |
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Lodging No. : |
ITXAL/451/2013 |
Failing Date:- |
15/023/2013 |
Reg. No.:- |
ITXA/1118/2013 |
Reg. Date:- |
08/05/2013 |
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Petitioner:- |
THE COMMISSIONER OF INCOME TAX |
Respondent:- |
GALA PRECISION TECHNOLOGY PRIVATE LIMITED |
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Petn.Adv:- |
Suresh Kumar (0) |
Resp. Adv.: |
0 (0) |
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District:- |
MUMBAI |
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Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
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Status:- |
Pre-Admission |
Stage:- |
FOR DIRECTION |
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Last Date:- |
19/08/2014 |
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Last Coram:- |
ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
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Act. : |
Income Tax Act,1961 |
Under Section 260A |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
102-A, Orion Business Park, Near Cine Wonder, Ghodbandar Road,
Majiwada, Thane (West) – 400607, Maharashtra, India |
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Tel. No.: |
91-22-25894566 |
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Mobile No.: |
91-9867018827 (Mr. Balu Khedekar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
Wada Plant Plot No. 295, Village Vadavali at Post Met, Masurne Road,
Bhiwandi – Wada Highway, Taluka Wada, Thane – 421312, Maharashtra, India |
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Tel. No.: |
91-2526-220154 / 220155 |
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Fax No.: |
91-2526-220577 |
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E-Mail : |
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Factory 2 : |
Export Oriented
Unit Plot No. 302/1, Village Musarne, Bhiwandi-Wada Highway, At Post Met,
Taluka Wada, District Thane - 421312, Maharashtra, India |
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Tel. No.: |
91-2526-220154/ 221233 |
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Fax No.: |
91-2526-220292 |
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E-Mail : |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.