Latin Manharlal Chat
BSE Prices delayed by 5 minutes...
     Prices as on Nov 29, 2021 - 11:40AM     
  ABB India 2024 [ 1.55% ]
  ACC 2300.5 [ -0.38% ]
  Axis Bank Ltd. 656.9 [ -0.74% ]
  Bajaj Auto Ltd. 3325.8 [ -0.24% ]
  Bank of Baroda 87.9 [ -1.12% ]
  Bharti Airtel 738.35 [ 0.12% ]
  Bharat Heavy Ele 59.35 [ -0.17% ]
  Bharat Petroleum 370.6 [ -1.68% ]
  Britannia Ind. 3519.6 [ -0.66% ]
  Cipla 970.1 [ 0.41% ]
  Coal India 155.2 [ -0.42% ]
  Colgate Palm. 1444.95 [ -1.01% ]
  Dabur India 600.95 [ -0.17% ]
  DLF Ltd. 380.35 [ 0.98% ]
  GAIL (India) 133.05 [ -0.45% ]
  Grasim Inds. 1708.25 [ 1.11% ]
  HDFC 2718.45 [ -0.86% ]
  HDFC Bank 1498 [ 0.53% ]
  Hero MotoCorp 2470.05 [ -2.35% ]
  Hindalco Indus. 432.5 [ 3.69% ]
  ICICI Bank 723.05 [ 0.15% ]
  IDFC L 53.6 [ -1.38% ]
  Indian Hotels Co 176.2 [ -3.45% ]
  IndusInd Bank 905.45 [ 0.44% ]
  Infosys 1708 [ 1.04% ]
  ITC Ltd. 222.2 [ -0.78% ]
  Jindal St & Pwr 356 [ 0.47% ]
  L&T 1779.7 [ 0.13% ]
  Lupin Ltd. 910.45 [ -0.54% ]
  Mahi. & Mahi 849.25 [ -0.43% ]
  MTNL 18.1 [ -2.43% ]
  Nestle India 18991.15 [ -1.14% ]
  NIIT Ltd. 421 [ -0.61% ]
  NMDC Ltd. 136 [ 0.04% ]
  NTPC 128.2 [ -0.35% ]
  ONGC 144.1 [ -2.07% ]
  Punj. NationlBak 38.15 [ -0.91% ]
  Power Grid Corpo 201.65 [ -0.10% ]
  Reliance Inds. 2480.3 [ 2.83% ]
  SBI 472.65 [ 0.46% ]
  Vedanta 352.45 [ -0.37% ]
  Sun Pharma. 760 [ -0.83% ]
  Tata Chemicals 874.5 [ 2.43% ]
  Tata Steel 1133.2 [ 1.88% ]
  Tata Power Co. 223.85 [ -1.52% ]
  Tech Mahindra 1538.25 [ 1.17% ]
  United Spirits 886.45 [ -0.03% ]
  Wipro 628.65 [ 1.24% ]

Company Information

Home » Market » Company Information

Bambino Agro Industries Ltd.

Nov 29, 11:40
280.00 -1.50 ( -0.53 %)
 
VOLUME : 2339
Prev. Close 281.50
Open Price 291.00
TODAY'S LOW / HIGH
265.00
 
 
 
291.00
Bid PRICE (QTY.) 275.50 (1)
Offer PRICE (Qty.) 280.00 (6)
52 WK LOW / HIGH
155.00
 
 
 
428.00
Bambino Agro Industries Ltd. is not traded in NSE
Company Information Menu

Search Company

Market Cap. ( ₹ ) 224.25 Cr. P/BV 3.29 Book Value ( ₹ ) 85.02
52 Week High/Low ( ₹ ) 428/155 FV/ML 10/1 P/E(X) 26.02
Bookclosure 22/12/2021 TTM EPS ( ₹ ) 11.39 Div Yield (%) 0.57
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2018-03 

1. CORPORATE INFORMATION

The Company is a public company domiciled in India and incorporated under the provisions of the Companies Act 1956. Its shares are listed on BSE. The Company is engaged in manufacturing and selling vermicelli, macaroni and other pasta products under the brand name "Bambino". The Company also sells the products of its related companies (common Directors) engaged in the manufacture of pasta and instant mixes, spices, namkeens, sweet-meat masalas etc.

2. Transition to Ind AS

a) The Company's standalone financial statements for the quarter ended June 30, 2017 are the first interim standalone financial statements prepared in accordance with Ind AS.

b) The adoption of Ind AS was carried out in accordance with Ind AS 101, using April 1, 2016 as the transition date. Ind AS 101 requires that all Ind AS standards and interpretations that are effective for the first Ind AS Standalone Financial Statements for the quarter ended June 30, 2017, be applied consistently and retrospectively for all fiscal years presented.

c) All applicable Ind AS have been applied consistently and retrospectively wherever required. The resulting difference between the carrying amounts of the assets and liabilities in the standalone financial statements under both Ind AS and Indian GAAP as of the transition date have been recognized directly in equity at the transition date.

3. Basis of Preparation

(a) Statement of Compliance

The standalone financial statements has been prepared in accordance with Indian Accounting Standards ("Ind AS") notified under the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and other relevant provisions of the Act.

For all the periods up to and including the year ended March 31, 2016 the Company prepared its financial statements in accordance with accounting standards notified under the section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 (Indian GAAP). These financial statements are the first, the Company has prepared in accordance with Ind AS. Refer to note on transition to Ind AS for information on how the Company adopted Ind AS.

(b) Functional and presentation currency

The standalone financial statements are presented in Indian rupees, which is the functional currency of the Company and the currency of the primary economic environment in which the entity operates.

(c ) Use of estimates and judgement

The preparation of standalone financial statements in conformity with Ind AS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on a periodic basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.

4. NOTES TO ACCOUNTS

I. Share Capital

For non-payment of call-moneys, 82,200 equity shares of '10/- each were forfeited by the Board after due compliance of legal formalities and such shares have not been reissued so far.

II. Secured Loans

a) Term loan and Working Capital Demand Loan from Hero Fin Corp Ltd is hypothecated on exclusive charge on current assets (other than stocks funded through the warehousing funding) and fixed assets of the company(Land & Building and Plant & Machinery situated at Begampur, Khatola, Gurgaon, Haryana) with personal guarantee of Mr. Myadam Kishan Rao and Ms. Myadam Shirisha.

III. Sundry Creditors

Based on the information available with the Company, there are no dues/Interest outstanding to Micro, Small and Medium Enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006, as at 31st March 2018. (Previous Year: Nil)

c. The Deputy Commissioner of Income Tax -1(2), Hyderabad has raised a demand of Rs.14.50 lacs against the company for the Assessment Year 2013-14. The company has preferred an appeal before Commissioner of Income Tax Appeals - Vi, Hyderabad. No provision has been made in the books for the aforesaid demand.

ii. Gratuity Plan

Gratuity payment a defined benefit scheme administered by LIC of India, amount of Rs.54,84,332/-(Previous year Rs.34,06,274/-) is included in Employees Benefits expenses (Note 24) in the Profit & Loss account

IV. Taxes

Provision for Income tax Rs.1,73,83,950/- Previous year Rs.1,15,35,510/-

V. Director's Sitting Fees

Other expenses includes Directors Sitting Fee of Rs.6,31,666 /- (Previous year Rs.7,08,418/-)

VI. Deferred Tax

a. The accumulated deferred tax liability amounting to Rs.3,56,65,778/- on account of timing differences between book and tax profits as of 1st April 2001 has been adjusted against General Reserve and Subsequent year's deferred tax adjustments were carried out in the respective Profit and Loss Accounts.

b. During the current year the tax effect of the timing differences resulted in deferred tax liability of Rs.34,39,232/- and the same has been shown in P&L Account.

VII. Applicability of IND AS 108

The Company is engaged in Food Products, which as per IND AS 108 is considered as the only reportable business segment. The geographical segmentation is not relevant as exports are insignificant.

VIII. Lease Rentals:

The operating revenue includes lease rentals from Seshsayi Foods Private Limited for Indore unit and Bambino Pasta Food Industries Private Limited for Bibinagar unit of the company.

IX. Dividend: The Company has proposed a dividend of Rs.1.60 per share of face value of Rs.10/- each.

X. Previous year's figures have been re-grouped / re-arranged wherever necessary to confirm to current year's classification.

XI. Figures have been rounded off to the nearest rupee.

XII. Late Myadam Raghuveer, the Managing Director of the Company expired on 25th June 2017 and he was holding 57,72,858 (72.08%) Equity shares of the company. On his expiry the shares are transferred to his legal heirs namely Mrs. Myadam Anitha (Wife), Mr. Myadam Kartekeya (Son), Ms. Myadam Shirisha (Daughter) and Mrs. Myadam Sugandha Bai (Mother) equally.