Getalong Enterprise Ltd - Stock Valuation and Financial Performance

The company was incorporated as ‘Getalong Enterrprise Private Limited’ under the provisions of the Companies Act, 2013 pursuant to a certificate of incorporation dated July 29, 2020 issued by the Registrar of Companies, Mumbai. Thereafter pursuant to a fresh certificate of incorporation dated August 18, 2020 issued by the Registrar of Companies, Mumbai the name of the company was changed to ‘Getalong Enterprise Private Limited’ Thereafter, pursuant to the conversion of the company to a public limited company, the name of the company was changed to ‘Getalong Enterprise Limited’ pursuant to special resolution passed by the Shareholders at its Extra Ordinary General Meeting held on February 28, 2021 and a fresh certificate of incorporation dated April 12, 2021 was issued to the company by the Registrar of Companies, Mumbai.

Main Objects of the company

The main object contained in the Memorandum of Association of the company is as mentioned below:

• To carry on the business of import, export, buy, sell, trade, deal in convert, alter textiles, manmade handlooms, cotton, silk, wool, jute, artificial silk, terelene and any other type of yarn, fabrics and to make process, alter, convert the yarn, fabrics into readymade garments, made ups, bed sheets, pillow covers, duvets, upholstery, tapestry, linen curtains and mattresses and to deal in organic and inorganic chemicals, dyes & pigments, dairy products, fish and other sea foods, minerals, packing material, plastics, solvent extractions, agricultural produce, food grains, pulses, food colours, edible and mint oils, Soya products, and such other commodities, articles, all kind of lifestyle goods, consumable durable, home appliance, FMCG Electronics products and to act as a export house.

• To carry on the business as manufacturers, traders, importers, exporters, commission agents of fabrics, readymade garments, hosiery & curtains.

• To carry on the business in India and abroad as Traders, Distributors, Dealers, Wholesaler, Retailers, Exporter, Importer, Brokers, Stockiest & Commission agent, professional fees, Agency business. Selling & Marketing Business, of Agricultural, Commercial, Industrial products, Household, Domestic, Automobiles, Farms and Forest product, Food product, Leather & Leather Products. Rubber and rubber product. Petroleum and Petroleum Products, Engineering product goods, Plant & Machinery, Equipment, Apparatus and other Gadgets, Appliances, Accessories, Spare parts, Computer Hardware, Software, all type of Dyes & Chemicals, Minerals, Pharmaceutical, Wool, Silk Yarn, fibres, Garments, Textiles, Paper & all kind of Boards, Tea, Timber Products, Rubber, Plastics, Footwears, Marbles, Granites, Cement and Ceramic Tiles, Pesticides, Glass & Glassware. Tyres & Tubes, Cement, Fertilizers, Iron & Steel, Copper, Gold, Silver, Diamonds, Precious Stones and Jewellery, Currency, Ferrous & Non-Ferrous Metals, Electronic toys, Games, Batteries, Button Cells, Telephones & Sim-cards, Gas Lighters, Calculating Machines, Electronic Organizers, Computer Floppy Diskettes, Audio Video tapes, Compact Discs, T.V. Software, Film and TV Serials, e-commerce, Tele Marketing and internet portals or any other merchandise and commodity.

• To carry on the business of trader, reseller, processors, importers, exporters, buyers, sellers of and dealers in all kinds of fibres, fabrics and textile and hosiery goods, prepared or manufactured from cotton, wool, worsted, shoddy, silk, jute, ramie, hemp, linen, viscose, rayon, artificial and natural yarn, fibre and converters of synthetic, artificial and natural fibres including fibre glass or their wastes or waste products into materials like cloth, readymade garments, made ups, ropes, tapes, yarns, hosiery goods, dress makers, furriers, clother and outfitter.

Business area of the company

The company has a diversified product portfolio and is mainly operating in three key segments which are:

• Export of Textiles
• Trading in Gold Bullion
• Sale of Female Care Products

Milestones

• 2020: Incorporation of the company.
• 2020: Receipt of Importer-Exporter Certificate.
• 2021: Crossed turnover of Rs 50 crore.
• 2021: Conversion of the company from private limited company to public limited company.
• 2021: Acquired its Subsidiary Company namely “Adrian Trading Private Limited”.
• 2021: Acquired its Subsidiary Company namely “Rutuja Textiles Private Limited”.
• 2021: ISO Certificate 9001:2015 for Quality Management System.