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Company Information

Home » Market » Company Information

De Nora India Ltd.

Jul 19
266.90 -4.10 ( -1.51 %)
 
VOLUME : 1651
Prev. Close 271.00
Open Price 265.10
TODAY'S LOW / HIGH
261.55
 
 
 
273.00
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
231.45
 
 
 
633.15
Jul 19
272.50 -1.90 ( -0.69 %)
 
VOLUME : 3533
Prev. Close 274.40
Open Price 270.95
TODAY'S LOW / HIGH
269.00
 
 
 
279.05
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
226.25
 
 
 
633.55
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Market Cap. ( ₹ ) 144.66 Cr. P/BV 2.72 Book Value ( ₹ ) 100.27
52 Week High/Low ( ₹ ) 634/226 FV/ML 10/1 P/E(X) 85.58
Bookclosure 27/09/2017 EPS ( ₹ ) 3.18 Div Yield (%) 0.37
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2016-03 

1 Segment information

The Company’s primary (business) segment is singular viz. “Electrolytic Products”. Further, the Company caters mainly to the needs of the domestic market. The export turnover is not significant in proportion to the total turnover. As such, there are no reportable geographic segments either. Therefore, segment information required by Accounting Standard 17 (AS-17) notified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules 2014, is not furnished.

2 Disclosure relating to provisions

Warranties/ recoating

The Company offers warranties for one of the critical parts of certain electro chlorinators and for some of its coating / recoating services for an initial period of two years followed for a period of four years in the case of electro chlorinators and for a period of six years in the case of coating, eight years in case of recoating services during which period amounts are recoverable from the customers based on pre-defined terms. Estimated costs from warranty terms standard to the deliverable are recognized when revenue is recorded for the related deliverable. The Company estimates its warranty costs standard to the deliverable based on historical warranty claim experience and applies this estimate to the revenue stream for deliverables under warranty. Future costs for warranties applicable to revenue recognized in the current period are charged to the revenue account.

The warranty accrual is reviewed periodically to verify that it properly reflects the remaining obligation based on the anticipated expenditures over the balance of the obligation period. Adjustments are made when the actual warranty claim experience differs from estimates. Provisions include estimated costs of support maintenance contracts to the extent such estimated costs are expected to exceed the expected recovery during the obligation period. No assets are recognized in respect of the expected recovery on support contracts.

Factors that could impact the estimated claim information include the Company’s productivity, costs of materials, power and labour, and the actual recoveries on support contracts.

3 Employee benefits

a) Defined Contribution Plans

The Company offers its employees defined contribution plan in the form of provident fund, family pension fund and superannuation fund. Provident fund and family pension fund cover substantially all regular employees while the superannuation fund covers certain executives. The Company makes specified monthly contributions towards employees provident fund to government administrative provident fund scheme which is a defined contribution plan. Contributions are paid during the period into separate funds under certain approved securities. While both the employees and the Company pay predetermined contributions into the provident fund, contributions into the family pension fund and the superannuation fund are made only by the Company. The contributions are normally based on a certain proportion of the employee’s salary. The Company does not have any obligation beyond the amounts already contributed.

b) Defined-Benefit Plans

The Company offers its employees defined-benefit plans in the form of a gratuity scheme. Benefits under the defined benefit plan is typically based on years of service and the employee’s compensation (generally immediately before retirement). The gratuity scheme covers substantially all regular employees. The Company contributes funds to Life Insurance Corporation of India, which is irrevocable. Commitments are actuarially determined at year-end. The actuarial valuation is done based on “Projected Unit Credit” method. Gains and losses of changed actuarial assumptions are charged to the statement of profit and loss.

i. Reconciliation of opening and closing balance of obligation

4 Taxation

a) The tax year for the Company being the year ending 31 March 2016, the ultimate tax liability will be determined on the basis of the results for the period 1 April 2015 to 31 March 2016.

b) The Company's international transactions with associated enterprises are at arm's length as per the independent accountant's report for the year ended 31 March 2015. The Company is in the process of updating the documentation for the international transactions entered into with the associated enterprises during the period subsequent to 31 March 2016. Management believes that the Company's international transactions with associated enterprises post 31 March 2015 continue to be at arm's length and that the transfer pricing legislation will not have any impact on the financial statements particularly on the amount of the tax expense for the year and the amount of the provision for taxation at the year end.

5 Corporate Social Responsibility (CSR) expenditure

The Company has set up a Corporate Social Responsibility (CSR) Committee as per Section 135 and Schedule

VII of the Companies Act, 2013 (‘the Act’) read with the Companies (Corporate Social Responsibility Policy) Rules, 2014. The Company is in the process of identifying the Projects for CSR spending. The efforts are being undertaken to implement the same in the financial year 2016-17.

a) Gross amount required to be spent by the Company for the fifteen months ended 31 March 2016 Rs. 21,46,994/-

b) Amount spent during the year Rs 704,439/-

6 Dues to micro, small and medium enterprises:

Under the Micro Small and Medium Enterprises Development Act, 2006, (MSMED) which came into force from October 2, 2006, certain disclosures are required to be made relating to Micro Small and Medium enterprises. On the basis of the information and records available with the Management, the following disclosures are made for the amounts due to the Micro Small and Medium enterprises, who have registered with the competent authorities:

7 Prior year comparatives

Previous year’s figures have been regrouped/ reclassified as under, to confirm current year’s classification. Figures for the 31 December 2014 were audited by a firm of chartered accountants other than B S R & Associates LLP.