About Gala Products Limited
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Gala Products Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the office and school supplies segment of the education sector. It was incorporated on 22 January 2003.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36991GJ2003PLC041873. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹21.5 Cr and a paid-up capital of ₹10 Cr. It was led by directors including Harshadray Mahashankar Trivedi and Mihir Maheshbhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at B – 8 9 10 Laxmi Co – Op. Estate Old Navneet Press Compound Ajod Dairy Road Sukhramnagar, Ahmedabad, Gujarat, India – 380026.
As per the financials filed for FY 2016, the company reported a revenue of ₹28.32 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹16.47 Lakh (net margin 0.6%) and EBITDA of ₹1.09 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 65% over three years.
As per MCA filings, the company had satisfied charges of ₹5.78 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is galastationery.com.
Company details
CIN history
Gala Products has one previous CIN (Corporate Identification Number): U36991GJ2003PTC041873. The current CIN is U36991GJ2003PLC041873, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36991GJ2003PLC041873 | Current |
| U36991GJ2003PTC041873 | Previous |
Contact details
Gala Products Limited's registered office is in Ahmedabad, Gujarat. Its website is galastationery.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 8 9 10 Laxmi Co – Op. Estate Old Navneet Press Compound Ajod Dairy Road Sukhramnagar, Ahmedabad, Gujarat, India – 380026
- IndustryEducation, Office & School Supplies
To see the full contact details of Gala Products Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Gala Products Limited
FY 2016 filings availableGala Products Limited reported revenue of ₹28.32 Cr (up 54% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 65% over three years, including 54% growth in the latest year. EBITDA rose 78% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹28.32 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.09 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹16.47 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 3.9% | |
| Net Profit Margin | 0.6% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Gala Products Limited, buy the company report.
Board of directors and KMP of Gala Products Limited
Gala Products Limited currently reports 4 directors and 1 key managerial person. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshadray Mahashankar Trivedi | Director | 22 Aug 2014 | 12 Years 2 Months | As last reported |
| Mihir Maheshbhai Shah | Director | 22 Aug 2014 | 12 Years 2 Months | As last reported |
| Vishal Mulchandbhai Gala Also directs: Gala Global Products Limited, Alags Air Mobility Private Limited, Smile Infrabuild Private Limited and 1 more | Director | 16 Oct 2003 | 23 Years 0 Months | As last reported |
| Akash Shrenik Shah Also directs: Smile Infrabuild Private Limited | Director | 15 Feb 2014 | 12 Years 8 Months | As last reported |
| Neelam Mohanlal Gurbaxani | Company Secretary | 25 Mar 2017 | 9 Years 7 Months | As last reported |
Auditor
Gala Products Limited is audited by Jinish Shah & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jinish Shah & Associates | FY 2016 |
Shareholding
The shareholding of Gala Products Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Gala Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2011 | 10270434 | Bank of India | ₹3.29 Cr | Satisfied | |
| 25 Jan 2011 | 10311124 | Bank of India | ₹1.89 Cr | Satisfied | |
| 01 Jul 2008 | 10112747 | The Kalupur Commercial Co Op Bank Ltd. | ₹30 Lakh | Satisfied | |
| 30 Jun 2008 | 10162220 | The Kalupur Commercial Co Operative Bank Ltd | ₹30 Lakh | Satisfied |
To see the full charge records of Gala Products Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Gala Products Limited has 2 court cases on record: 2 filed by Gala Products. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Commercial suit | Filed by the company | Disposed |
| High Court of Gujarat | Court case (COMP) | Filed by the company | Disposed |
To see the full case history of Gala Products Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gala Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gala Products has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Gala Products Limited, buy the company report.
Recent activity
Gala Products Limited has 10 board changes on record since 2003: 5 appointments and 5 cessations. The latest: Neelam Mohanlal Gurbaxani was appointed as Company Secretary on 25 Mar 2017.
9 earlier events are in the company report.
Frequently asked questions
Gala Products has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Gala Products was a public limited company based in Ahmedabad, Gujarat, India. The company worked in office and school supplies, within the education industry. It was incorporated on 22 January 2003 and is registered under CIN U36991GJ2003PLC041873. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Gala Products was incorporated on 22 January 2003. It is registered with the Registrar of Companies, Ahmedabad.
Gala Products had 5 directors and KMP:
- Harshadray Mahashankar Trivedi - Director
- Mihir Maheshbhai Shah - Director
- Vishal Mulchandbhai Gala - Director
- Akash Shrenik Shah - Director
- Neelam Mohanlal Gurbaxani - Company Secretary
The CIN (Corporate Identification Number) of Gala Products is U36991GJ2003PLC041873. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Gala Products is at B – 8 9 10 Laxmi Co – Op. Estate Old Navneet Press Compound Ajod Dairy Road Sukhramnagar, Ahmedabad, Gujarat, India – 380026.
Gala Products can be reached through the website galastationery.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Gala Products on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Gala Products has 1 GST registration on record and it is cancelled or inactive.
Gala Products operated in the education industry, in the office and school supplies segment.
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