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Gokaldas Exports Ltd.

BSE: 532630 | NSE: GOKEX |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE887G01027 | SECTOR: Textiles & Apparel

BSE Live

Oct 01, 16:01
719.00 -0.85 (-0.12%)
Volume
AVERAGE VOLUME
5-Day
21,929
10-Day
30,225
30-Day
49,556
4,146
  • Prev. Close

    719.85

  • Open Price

    719.60

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 01, 15:58
712.45 -7.50 (-1.04%)
Volume
AVERAGE VOLUME
5-Day
272,080
10-Day
463,764
30-Day
534,049
182,064
  • Prev. Close

    719.95

  • Open Price

    719.95

  • Bid Price (Qty.)

    712.45 (3466)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Gokaldas Exports
Our group, the Gokaldas Exports group, was set up 25 years ago by the
 late Shri Jhamandas H.Hinduja.
 
 At that time our group expanded through partnership firms. The
 prevailing regulatory environment, labour laws and reservation for
 small scale industries made it conducive for growth through forming
 partnership firms. As a result, starting from 80's till the second
 half
 of 90's we set up the following partnership firms in order to expand
 ourselves.
 
 Sr. No. Name of the partnership firm      Date of Incorporation
 
 1.      Gokaldas Exports*                      November 8, 1978
 2.      Global Garments                        October 30, 1986
 3.      The Unique Creations**                  August 26, 1987
 4.      The Central Wearhouse                     April 1, 1992
 5.      Hinduja Fashions                          April 1, 1992
 6.      Hinduja Trading Company                   April 1, 1992
 7.      Asiatic Exports                          August 1, 1992
 8.      The Intex                                August 1, 1992
 9.      New Generation Apparels               February 16, 1994
 10.     J D Clothing Company                     April 25, 1994
 11.     Euro Clothing Company                 September 5, 1994
 12.     Sunshine Enterprises                      April 1, 1996
 13.     Carnival Clothing Company                April 13, 1996
 14.     Hinduja Sports Wear                      April 13, 1996
 15.     International Clothing Company           April 13, 1996
 16.     Wear Craft Apparels                      April 13, 1996
 17.     Gokaldas India                         February 1, 2000      
     
 
 * Subsequently, The partnership firm Gokaldas Exports was converted
 into a private limited company on April 3, 1995
 
 ** The partnership firm `The Unique Creations' was converted into a
 private limited company The Unique Creations (Bangalore) Private
 Limited on April 3, 1995
 
 During 2003-04, we could forsee an opportunity for us with the
 impending removal of quota restriction from January 1, 2005.  In
 order
 to capitalize on this opportunity we initiated corporatising our
 group.
 The process got momentum in 2004 and today we have corporatised our
 entire apparel manufacturing business and brought under one company
 Gokaldas Exports Limited either directly or through its
 subsidiaries.
 
 The above-mentioned transformation happened in three phases:
 
 Phase 1
 
 a. The Partnership firm `Gokaldas India' was converted into a
 private
 limited company, Gokaldas Indian (Private) Limited, on March 1,
 2004.
 
 b. Gokaldas Exports (Private) Limited and The Unique Creations
 (Private) Limited were merged with Gokaldas India (Private) Limited
 vide an order dated November 20, 2004 by the honourable Highcourt of
 Karnataka. As per the said order, the merger came into effect from
 April 1, 2004. Subsequently, the name of Gokaldas India (Private)
 Limited was changed to Gokaldas Exports (Private) Limited with
 effect
 from December 14,2004. Subsequently, our company i.e Gokaldas
 Exports
 (Private) Limited was changed to a Public Limited Company with
 effect
 from January 7, 2005.
 
 Phase 2
 
 When the above-mentioned process of merger was going on, we were
 also
 taking steps parallely in order to transfer the entire apparel
 manufacturing business of our other partnership firms to various
 corporate entities owned by our promoters in the following way:
 
 a. Our promoters first incorporated twelve new companies as given in
 the following table:
 
 Sr No.    Name of the subsidiary            Date of Incorporation
 
 1         Deejay Trading (P) Ltd                 February 21,2003
 2         Magenta Trading (P) Ltd                February 27,2003
 3         Reflexion Trading (P) Ltd                  March 7,2003
 4         Rafter Trading (P) Ltd                     March 7,2003
 5         Madhin Trading (P) Ltd                 February 27,2003
 6         Rishikesh Apparels (P) Ltd                April 15,2004
 7         Vignesh Apparels (P) Ltd                  April 15,2004
 8         Rajdin Apparels (P) Ltd                      May 7,2004
 9         All Colour Garments (P) Ltd                 June 1,2004
 10        Glamourwear Apparels (P) Ltd               June 17,2004
 11        Seven Hills Clothing (P) Ltd               June 18,2004
 12        SNS Clothing (P) Ltd                      August 9,2004
 
 b. Subsequently the business of the various partnership firms were
 transferred to the above-mentioned companies. Brief details of the
 transfer are given in the following table:
 
 Sr. Transferee Company        Transferor
 No.                           Partnership
                               firm
 
 1    Deejay Trading (P)       Wearcraft
      Limited                  Apparels    
 
 2    Magenta Trading          International
      (P) Ltd                  Clothing
                               Company   
 
 3    Rafter Trading (P) Ltd   Hinduja
                               Sportswear
 
 4    Madhin Trading (P)       Carnival Clothing
      Ltd                      Company   
 
 5    Rishikesh Apparels       Global Garments
      (P) Ltd                 
 
 6    Vignesh                  New/Generation
      (P) Ltd                  Apparels
                               Asiatic Exports
 
 7    Rajdin Apparels          Hinduja Trading
      (P) Ltd                  Company
 
 8    All Colour Garments      Hinduja Fashions
      (P) Ltd                    
 
 9    Glamourwear              JD Clothing Co.
      Apparels (P) Ltd
                               The Intex
 
 10   Seven Hills Clothing     Sunshine
      (P) Ltd                  Enterprises
 
                               Euro Clothing
                               Company
 
 11   SNS Clothing (P) Ltd     The Central
                               Wearhouse
 
 Sr. Date of       No. of        Details of the factories
 No. Business      Factories     transferred
     Transfer      tranferred
     Agreement
 
 1.  September 30,     3         Wearcraft Apparels unit I, II & 111
     2004                                  
 
 2.  September 30,     3         International Clothing Company
     2004                        Unit I, II & III
 
 3.  September 30,     2         Hinduja Sportswear unit 16 II
     2004                                 
 
 4.  September 30,     3         Carnival Clothing Company unit I, II
     2004                        & III                 
 
 5.  September 30,     2         Global Garments II & III 
     2004                                     
 
 6.  September 30,     2         New Generation Apparels
     2004                        unit I & II
 
     September 30,     1         Asiatic Exports
     2004
 
 7.  September 30,     3         Venkateshwara Clothing Company,
     2004                        Lucky Tex Unit I & III
 
 8.  September 30,     3         Hinduja Fashions & Balaji Finishing
     2004                        House unit I & II
 
 9.  September 30,     3         J.D.Clothing Company, Unit I, II &
 III
     2004
 
     September 30,     4         The Intex Unit I, I, III & IV
     2004
 
 10. September 30,     3         Triangle Apparels
     2004                        Unit I, II & III,)
 
     September 30,     3         Euro Clothing Company unit I, II &
 III
     2004
 
 11. September 30,     3         Wear Wel unit I, II & III
     2004
 
 Total                38
 
 Phase 3
 
 Subsequently, we, Gokaldas Exports Limited acquired all of the
 above-mentioned tweleve (12) companies from our promoters by paying
 consideration in cash and thus made those tweleve companies our
 subsidiaries.
 
 As on today we have licenses for 5 factories in our own name and
 license of 38 factories in the name of our subsidiaries.
 
 2005
 
 -Gokaldas Exports (P) Ltd has announced the entering of capital
 market with an initial public offering of 31.25 lakh equity shares of
 face value Rs 10 each. The IPO will be priced at Rs 375-425 a share
 through a 100-per cent book-building route. The offer will open on
 March 30 and close on April 6. 18.75 lakh shares or 60 per cent of
 the equity shares will be issued on a discretionary basis to
 qualified institutional buyers. Another 15 per cent (4.68 lakh
 shares) will be allocated to wholesale bidders and not less than 25
 per cent to retail bidders.
 
 -Gokaldas public issue oversold 42 times
 
 -Shares of Gokaldas Exports made debut on the BSE at Rs 566 on April
 27, 2005, a premium of 33.18 per cent to the issue price of Rs 425.
 
 2006
 
 -Gokaldas Exports Limited has appointed Mr. L. Nandalal as Compliance
 Officer of the Company.
 
 2007
 
 - The Company has splits its face value from Rs.10/- to Rs.5/-.
 
 2008
 
 -Gokaldas Exports Ltd has appointed Mr. Prince Asirvatham as Chairman
 of the Audit Committee of Directors of the company.
 
 - Gokaldas Exports Ltd has appointed Mr. Ranjan Pant as additional
 Director. Mr. Ranjan Pant will act as an Independent Director of the
 Company.
 
 2009
 
 - Gokaldas Exports Ltd has informed that Mr. M Rangachari and Mr.
 Partha Sarkar are appointed as Additional Director (Independent
 Director) vide Circular Resolution.
 
 2011
 
 -The Board of Directors appointed Mr. Richard B Saldanha as Non
 Executive Chairman of the Company.
 
 2013
 - Dr. Yashwantrao Shankarrao Patil Thorat as an Independent Director
 on the Board of the Company.
 
 2014
 -Gokaldas Exports Ltd has allotted 178333 equity shares of the face
 value of Rs. 5/- each in accordance with the terms of Employees Stock
 Options Schemes.
 
 
 2023
 -''Commencement of commercial production by the wholly owned
 subsidiary''.