About Gilco Exports Ltd
Data last updated:
Gilco Exports Ltd is a public limited company based in Chandigarh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the lifestyle products and accessories manufacturing segment of the home and lifestyle products sector. It was incorporated on 28 March 1988.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51909CH1988PLC008172. Its GSTIN is 03AABCG6774B1ZY (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.3 Cr and a paid-up capital of ₹2.27 Cr. It is led by directors including Amar Singh and Rajiv Khurana (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Semi Industrial Shop No S1 – 91 Industrial Area Phase II, Chandigarh, India – 160102.
As per the financials filed for FY 2022, the company reported a revenue of ₹12.41 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹1.94 Cr (net margin -15.6%) and EBITDA of -₹1.54 Cr (EBITDA margin -12.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 16% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹42.77 Cr and satisfied charges of ₹22.17 Cr on record. Court records list 20 cases involving the company, including 6 filed by the company and 14 filed against it; 2 cases are pending.
The last known website on record is gilcoexports.com.
Company details
CIN history
Gilco Exports has one previous CIN (Corporate Identification Number): L51909CH1988PLC008172. The current CIN is U51909CH1988PLC008172, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909CH1988PLC008172 | Current |
| L51909CH1988PLC008172 | Previous |
Contact details
Gilco Exports Ltd's registered office is in Chandigarh, Chandigarh. Its website is gilcoexports.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSemi Industrial Shop No S1 – 91 Industrial Area Phase II, Chandigarh, India – 160102
- IndustryHome & Lifestyle, Lifestyle Products & Accessories Manufacturing
To see the full contact details of Gilco Exports Ltd, 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
Business activity
The main business activity of Gilco Exports is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Gilco Exports Ltd, buy the company report.
Financials of Gilco Exports Ltd
FY 2023 filings availableGilco Exports Ltd reported revenue of ₹12.41 Cr (down 38% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 285% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.94 Cr | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.4% | ||||
| Net Profit Margin | -15.6% | ||||
| 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 Gilco Exports Ltd, buy the company report.
Board of directors of Gilco Exports Ltd
Gilco Exports has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amar Singh | Director | 11 Aug 2016 | 10 Years 2 Months | As last reported |
| Rajiv Khurana Also directs: Renaissance Resolutions Private Limited | Irp/Rp/Liquidator | 23 Jan 2024 | 2 Years 9 Months | As last reported |
| Mukul Mangal | Director | 07 May 2019 | 7 Years 5 Months | As last reported |
| Ansar Ahmad | Director | 08 May 2019 | 7 Years 5 Months | As last reported |
Auditor
Gilco Exports Ltd is audited by R.P MALLICK & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.P MALLICK & ASSOCIATES | FY 2022 | 083882 |
Shareholding
The shareholding of Gilco Exports Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gilco Exports Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Aug 2011 | 10303343 | Uco Bank | ₹24.51 Cr | Open | |
| 23 Nov 2009 | 10187985 | Uco Bank | ₹18.05 Cr | Open | |
| 10 Aug 1998 | 90169099 | State Bank of India | ₹4 Lakh | Open | |
| 01 May 1991 | 90168430 | State Bank of India | ₹17 Lakh | Open | |
| 09 Oct 2015 | 10600466 | Punjab National Bank | ₹5.5 Cr | Satisfied |
To see the full charge records of Gilco Exports Ltd, buy the company report.
Total charge records: 19 View all charges
Legal cases
Gilco Exports Ltd has 20 court cases on record: 6 filed by Gilco Exports, 14 filed against it. 2 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 9 | 1 |
| High courts | 7 | 3 | 1 |
| NCLT | 3 | 2 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Om India Stainless Tube Limited | Disposed |
| District court, Hisar, Haryana | Cheque dishonour complaint | Filed against the company by Sheela Stainless Private Limited | Disposed |
| District court, Chandigarh | Execution petition | Filed against the company by M/Smaharani Paints Private Ltd | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by M,S Maharani Paints Pvt Ltd | Disposed |
| High Court, HARYANA | Company petition | Filed against the company by M/S Singla Steel Tubes Pvt. Ltd. | Disposed |
To see the full case history of Gilco Exports Ltd, 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.
Credit ratings & regulatory alerts
Gilco Exports Ltd was last rated by Crisil on 12 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Mar 2020 |
To see the full credit ratings and regulatory alerts of Gilco Exports Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gilco Exports Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gilco Exports Ltd has a workforce of 6 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Gilco Exports has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCG6774B1ZY | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gilco Exports Ltd, buy the company report.
Recent activity
Gilco Exports Ltd has 12 board changes on record since 2011: 4 appointments and 8 cessations. The latest: Rajiv Khurana was appointed as Irp/Rp/Liquidator on 23 Jan 2024.
42 earlier events are in the company report.
Frequently asked questions
Gilco Exports is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Gilco Exports is a company under insolvency, formerly operating as a public limited company based in Chandigarh, India. The company works in lifestyle products and accessories manufacturing, within the home and lifestyle industry. It was incorporated on 28 March 1988 and is registered under CIN U51909CH1988PLC008172. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gilco Exports has 4 current directors:
- Amar Singh - Director
- Mukul Mangal - Director
- Ansar Ahmad - Director
- Rajiv Khurana - Irp/Rp/Liquidator
The latest financial statements of Gilco Exports on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gilco Exports is U51909CH1988PLC008172. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gilco Exports has open charges of ₹42.77 Cr and satisfied charges of ₹22.17 Cr as per latest MCA filings.
Gilco Exports has 20 court cases on record: 6 filed by the company and 14 filed against it. 2 are pending. Most are in the district courts.
Gilco Exports was incorporated on 28 March 1988. It is registered with the Registrar of Companies, Chandigarh.
Rajiv Khurana was appointed as Irp/Rp/Liquidator on 23 Jan 2024. Ansar Ahmad ceased to be Additional Director on 30 Sep 2019. Mukul Mangal ceased to be Additional Director on 30 Sep 2019. Gilco Exports has 12 board changes on record in total.
Gilco Exports can be reached through the website gilcoexports.com. Its registered office is in Chandigarh, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
