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NOTES TO ACCOUNTS

G G Engineering Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 27.42 Cr. P/BV 2.08 Book Value (₹) 12.79
52 Week High/Low (₹) 51/21 FV/ML 10/2500 P/E(X) 12.12
Bookclosure 30/09/2019 EPS (₹) 2.20 Div Yield (%) 0.00
Year End :2018-03 

General Information

GG Engineering Limited (“the Company”) is a company limited by shares having its registered office at Shop No. 15, 1st Floor, Evershine Mall, Chincholi, Malad (West), Mumbai - 400 064. It has factory at Bharuch, Gujrat were it has business of assembling and selling of electrical generator sets and acoustic enclosures.

From Ghaziabad, Uttar Pradesh, the company is trading into Iron and Steel Metals. Its equity shares at listed in India on SME plaftform of Bombay Stock Exchange.

Rights, preferences and restrictions attached to equity shares

The company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Fresh Issue of shares

The Company has issued 12,000 equity shares in April, 2017 at Rs. 10 per share.

IPO-Fresh Issue of shares

The Company has completed the initial Public offering of Fresh Issue of 11,16,000 equity shares of Rs. 10 each at issue price of Rs. 20 each. Its equity shares at listed in India on SME platform of Bombay Stock Exchange w.e.f July 17, 2017.

* The company has issued 20 Lacs convertible warrant at issue price of Rs. 22 per warrant on October 13, 2017. Subsequently, the price was revised to Rs. 37 on February 2, 2018 as per regulation 76(3) of SEBI (ICDR), Regulation, 2009.

The subscription money paid on warrant shall be forfeited if the warrants are not exercised within a period of 18 months from the date of allotment.

Note 1: Segment Reporting

The Company has considered the business segment as the primary reporting segment on the basis that the risk and returns of the Company is primarily determined by the nature of products and services.

The business segment have been identified on the basis of the nature of products and services, the risks and returns, internal organisation and management structure and the internal performance reporting systems.

The business segment comprises of the following:

Genset Manufacturing: It has factory at were it has business of assembling and selling of electrical generator sets and acoustic enclosures.

Iron and Steel Trading: From Ghaziabad, Uttar Pradesh, the Company is trading into iron and Steel Metals.

There are no Geographical segment to be considered, since the entire business is in India.

* Specified Bank Notes (SBNs) mean the bank notes of denominations of the existing series of the value of five hundred rupees and one thousand rupees as defined under the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs no. S.O. 3407(E), dated the 8th November, 2016.

Note 2: Previous year figures have been re-grouped and reclassified wherever necessary to conform to this year’s classification.

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