About Globalite Industries Private Limited
Data last updated:
Globalite Industries Private Limited was a private limited company based in Delhi, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 21 June 2005.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U18101DL2005PTC137821. Its GSTIN is 07AABCL2034M3ZJ (Delhi). The company held 7 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.62 Cr. It was formerly known as Lka Creations Private Limited. It was led by directors Lalit Kishore Aggarwal (Managing Director) and Vanita Gupta.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at House No. 40 G – Block Bhagat Singh Park Siraspur, Delhi, India – 110042.
As per the financials filed for FY 2018, the company reported a revenue of ₹21.53 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹3.29 Cr (net margin -15.3%) and EBITDA of -₹89.76 Lakh (EBITDA margin -4.2%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years.
The company had about 4 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 1 brand: GlobaliteSport. As per MCA filings, the company had open charges of ₹22.99 Cr and satisfied charges of ₹16 Cr on record. Court records list 18 cases involving the company, including 18 filed against it; 1 case is pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹3.61 Cr; the latest was in March 2014.
The last known website on record is globalitesport.com.
Company details
Contact details
Globalite Industries Private Limited's registered office is in Delhi, Delhi. Its website is globalitesport.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHouse No. 40 G – Block Bhagat Singh Park Siraspur, Delhi, India – 110042
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Globalite Industries Private 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
Brands
Globalite Industries operates one associated brand: GlobaliteSport. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as a multi-channel private label brand specializing in footwear. | globalitesport.com |
Business activity
The main business activity of Globalite Industries is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Globalite Industries Private Limited, buy the company report.
Financials of Globalite Industries Private Limited
FY 2019 filings availableGlobalite Industries Private Limited reported revenue of ₹21.53 Cr (down 21% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over three years, including a 21% fall in the latest year. EBITDA fell 136% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹21.53 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹89.76 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.29 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -4.2% | |||
| Net Profit Margin | -15.3% | |||
| 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 Globalite Industries Private Limited, buy the company report.
Board of directors of Globalite Industries Private Limited
Globalite Industries has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vanita Gupta Also directs: Nexcore AI Technologies Private Limited, Network Tradecon Private Limited, Virtual Enterprises Private Limited and 3 more | Director | 21 Jun 2005 | 21 Years 4 Months | As last reported |
| Lalit Kishore Aggarwal | Managing Director | 29 Dec 2010 | 15 Years 10 Months | As last reported |
Auditor
Globalite Industries Private Limited is audited by GOYAL MANOJ & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL MANOJ & ASSOCIATES | FY 2018 | 029043N |
Shareholding
The shareholding of Globalite Industries Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Globalite Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2016 | 10627556 | Small Industries Development Bank of India | ₹1 Cr | Open | |
| 11 Mar 2016 | 10627574 | Small Industries Development Bank of India | ₹2 Cr | Open | |
| 11 Mar 2016 | 10627555 | Small Industries Development Bank of India | ₹75 Lakh | Open | |
| 22 Jan 2016 | 10620007 | Others | ₹11.24 Cr | Open | |
| 17 Feb 2014 | 10495909 | Ing Vysya Bank Limited | ₹8 Cr | Open |
To see the full charge records of Globalite Industries Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Globalite Industries Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹3.61 Cr; the latest was in March 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹65 Lakh | Investors: Classic Tradexim Private Limited , Akl Impex Private Limited |
| Mar 2012 | Funding round | ₹1.13 Cr | Investors: Samisht Trading Private Limited , 3 individuals |
| Mar 2011 | Funding round | ₹1.83 Cr | Investors: Virtual Enterprises Private Limited , Classic Tradexim Private Limited , Akl Impex Private Limited , an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Globalite Industries Private Limited has 18 court cases on record: 18 filed against it. 1 case is pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Commercial suit | Filed against the company by B S Lamination Industries Pvt Ltd | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by Altek Chemicals Pvt Ltd | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by Versatile Bonds Pvt Ltd | Disposed |
| District court, North West, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Globalite Industries Private 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.
Credit ratings & regulatory alerts
Globalite Industries Private Limited was last rated by Care on 20 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 20 Sep 2021 |
To see the full credit ratings and regulatory alerts of Globalite Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Globalite Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Globalite Industries has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Globalite Retail Private Limited | U51900DL2014PTC268653 |
To see the full group structure of Globalite Industries Private Limited, buy the company report.
Employees & EPFO
Globalite Industries Private Limited has a workforce of 4 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Globalite Industries has 7 GST registrations: 2 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCL2034M3ZJ | Delhi | Active | 28 Jul 2020 |
| 09AABCL2034M2ZG | Uttar Pradesh | Active | 08 May 2020 |
To see the full GST registrations and return filing status of Globalite Industries Private Limited, buy the company report.
Recent activity
Globalite Industries Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Lalit Kishore Aggarwal ceased to be Director on 01 Oct 2011.
6 earlier events are in the company report.
Frequently asked questions
Globalite Industries has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Globalite Industries was a private limited company based in Delhi, India. The company worked in footwear manufacturing, within the consumer goods industry. It was incorporated on 21 June 2005 and is registered under CIN U18101DL2005PTC137821. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Globalite Industries was incorporated on 21 June 2005. It is registered with the Registrar of Companies, Delhi.
Globalite Industries had 2 directors:
- Lalit Kishore Aggarwal - Managing Director
- Vanita Gupta - Director
The CIN (Corporate Identification Number) of Globalite Industries is U18101DL2005PTC137821. 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 Globalite Industries is at House No. 40 G – Block Bhagat Singh Park Siraspur, Delhi, India – 110042.
Globalite Industries can be reached through the website globalitesport.com. Its registered office is in Delhi, India.
The latest financial statements of Globalite Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Globalite Industries is 07AABCL2034M3ZJ, registered in Delhi. The company has 7 GST registrations in all, of which 2 are active and 5 are cancelled or inactive. Other active GSTINs include 09AABCL2034M2ZG (Uttar Pradesh).
Globalite Industries operated in the consumer goods industry, in the footwear manufacturing segment.
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