Latin Manharlal Chat
BSE Prices delayed by 5 minutes...
     Prices as on May 18, 2022 - 11:21AM     
  ABB India 2322 [ 1.19% ]
  ACC 2236.4 [ 0.46% ]
  Axis Bank Ltd. 667.3 [ 1.89% ]
  Bank of Baroda 101.6 [ -0.68% ]
  Bharti Airtel 693.1 [ -2.04% ]
  Bharat Heavy Ele 50 [ 0.10% ]
  Bharat Petroleum 339.25 [ -0.93% ]
  Britannia Ind. 3407.8 [ 1.20% ]
  Cipla 952.7 [ 1.57% ]
  Coal India 186.95 [ 1.27% ]
  Colgate Palm. 1571.35 [ -0.21% ]
  Dabur India 511.55 [ 1.90% ]
  DLF Ltd. 333.55 [ -0.18% ]
  GAIL (India) 155.35 [ 0.78% ]
  Grasim Inds. 1487 [ 0.33% ]
  HDFC 2206.25 [ 0.70% ]
  HDFC Bank 1325.8 [ 0.89% ]
  Hero MotoCorp 2543.9 [ 0.86% ]
  ICICI Bank 713.8 [ 0.49% ]
  IDFC L 52.9 [ 0.67% ]
  IndusInd Bank 909.6 [ 0.63% ]
  Infosys 1523.15 [ 0.30% ]
  ITC Ltd. 264.55 [ -0.02% ]
  Jindal St & Pwr 477.05 [ -1.40% ]
  L&T 1611.95 [ 0.50% ]
  Lupin Ltd. 687.7 [ -0.54% ]
  Mahi. & Mahi 920.05 [ 1.09% ]
  MTNL 22.8 [ 1.33% ]
  Nestle India 16280.1 [ -0.27% ]
  NIIT Ltd. 479 [ 0.71% ]
  NMDC Ltd. 143.15 [ -0.45% ]
  NTPC 150.65 [ 0.13% ]
  ONGC 163.45 [ 0.25% ]
  Punj. NationlBak 29.9 [ -0.17% ]
  Power Grid Corpo 234 [ -1.97% ]
  Reliance Inds. 2529.7 [ -0.04% ]
  SBI 464 [ -0.72% ]
  Vedanta 319.35 [ -0.56% ]
  Shipping Corpn. 116.4 [ 1.88% ]
  Sun Pharma. 903.95 [ 1.33% ]
  Tata Chemicals 979.4 [ 0.76% ]
  Tata Steel 1191.3 [ 0.25% ]
  Tata Power Co. 239.95 [ -0.54% ]
  Tech Mahindra 1199.25 [ 0.09% ]
  United Spirits 842.85 [ 1.09% ]
  Wipro 488.25 [ 0.30% ]

Company Information

Home » Market » Company Information

Coastal Corporation Ltd.

May 18, 11:21
329.90 +4.20 (+ 1.29 %)
 
VOLUME : 13130
Prev. Close 325.70
Open Price 335.45
TODAY'S LOW / HIGH
328.35
 
 
 
336.30
Bid PRICE (QTY.) 329.85 (8)
Offer PRICE (Qty.) 330.85 (1)
52 WK LOW / HIGH
169.00
 
 
 
555.65
May 18, 11:09
330.60 +4.20 (+ 1.29 %)
 
VOLUME : 10287
Prev. Close 326.40
Open Price 333.75
TODAY'S LOW / HIGH
330.55
 
 
 
338.05
Bid PRICE (QTY.) 330.60 (2)
Offer PRICE (Qty.) 331.30 (10)
52 WK LOW / HIGH
237.75
 
 
 
564.50
Company Information Menu

Search Company

Market Cap. ( ₹ ) 336.18 Cr. P/BV 2.96 Book Value ( ₹ ) 111.61
52 Week High/Low ( ₹ ) 565/238 FV/ML 10/1 P/E(X) 18.26
Bookclosure 13/05/2022 TTM EPS ( ₹ ) 18.12 Div Yield (%) 0.91
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2018-03 

* Export and other incentives receivable has been recognized on the following: a) Incentive in the form of duty credit scrip upon sale of exports under Merchandise Exports from India Scheme under Foreign Trade Policy of India b) Sales tax incentive and reimbursement of power cost under the Andhra Pradesh state incentives IIPP 2010-15 scheme. There are no unfulfilled conditions or contingencies attached to these incentives.

* Included due from subsidiaries (refer note 28)

No trade or other receivables are due from directors or other officers of the Company either severally or jointly with any other person. Nor any trade or other receivables are due from firms or private companies respectively in which any director is a partner, a director or a member.

Trade receivables are non-interest bearing and are generally on terms of 30 - 90 days.

1.1. Rights attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share at the general meetings of the Company. In the event of liquidation of the company, the holders of equity shares are eligiable to receive share in the remaining assets of the company after distribution of all prefarencial amounts in proporation to their share holding. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.

Terms and conditions of the above financial liabilities:

Trade payables are non-interest bearing and are normally settled on 30-120 day terms. For explanations on the Company’s credit risk management processes, refer to Note 39.

2. Components of Other Comprehensive Income (OCI)

The disaggregation of changes to OCI by each type of reserve in equity is shown below: During the year ended March 31, 2017

During the year ended March 31, 2017, the Company on July 27, 2016, has alloted 73,971,303 equity shares of Rs. 10/- each to the then existing shareholders of the Company as Bonus shares in the ratio of 3:1. Accordingly, the earnings per share has been adjusted for bonus issue for previous periods presented in accordance with the requirements of Indian Accounting Standard (Ind AS) 33 - Earnings per share.

Note: The amount unspent as at March 31, 2018 is Rs. 61.46 lakhs , as at March 31, 2017 Rs. 28.25 lakhs

3. Balances Outstanding

Loans and Advances, Trade Receivables and Trade Payables are subject to confirmation.

4. Dividend

The Board of Directors at its meeting held on May 25, 2018 had recommended a dividend of 15% (Rs. 1.50 per equity share of par value of Rs. 10 each) against which the Board of Directors at its meeting held on April 07, 2018 had declared and paid an interim dividend of 15% (Rs. 1.50 per equity share of par value of Rs. 10 each).

5. Reconciliation with previous GAAP (Indian GAAP) and Ind AS (a) Equity

(b) Other Comprehensive Income

(c) There were no significant reconciliation items between cash flows prepared under Indian GAAP and those prepared under Ind AS

(d) Under Ind AS, liability for dividend is recognized in the period in which the obligation to pay is established. Under previous GAAP, a liability is recognized in the period to which the dividend relates, even though the dividend may be approved by the shareholders subsequent to the reporting date. Consequently, dividend payable under Ind AS is lower and retained earning is higher.

( e) Under previous GAAP, actuarial gains and losses were recognised in the statement of profit and loss. Under Ind AS, the actuarial gains and losses form part of measurement of the net defined benefit liability/ asset which is recognised in other comprehensive income. Consequently, the tax effect of the same has also been recognised in other comprehensive income under Ind AS instead of the statement of profit and loss.

(f) Under Ind AS, financial instruments such as forward contracts are meausred at fair value at each balance sheet date and any unrealised gain or loss will be recognised directly in Other Comprehensive Income. Under previous GAAP, they are measured at cost.

COMPANY OVERVIEW

Coastal Corporation Limited was originally established as Coastal Trawlers Private Limited in the year 1981, subsequently converted into a public limited company in 1985. The name was changed to Coastal Corporation Limited in the year 2005. The Company is engaged in processing and export of sea food. The shares of the company are listed in stock exchanges of Mumbai, Delhi and Ahmedabad.

6. SIGNIFICANT ACCOUNTING POLICIES

6.1 Basis of preparation and compliance with Ind AS

i. For all periodgs upto and including the year ended March 31, 2017, the Company prepared its financial statements in accordance with Generally Accepted Accounting Principles (GAAP) in India and complied with the accounting standards (Previous GAAP) as notified under Section 133 of the Companies Act, 2013 read together with Rule 7 of the Companies (Accounts) Rules, 2014, as amended, to the extent applicable, and the presentation requirements of the Companies Act, 2013.

In accordance with the notification dated February 16, 2015, issued by the Ministry of Corporate Affairs, the Company has adopted Indian Accounting Standards (Ind AS) notified under Section 133 read with Rule 4A of Companies (Indian Accounting Standards) Rules, 2015, as amended, and the relevant provisions of the Companies Act, 2013 (collectively, “Ind ASs”) with effect from April 1, 2017 and the Company is required to prepare its financial statements in accordance with Ind ASs for the year ended March 31, 2018. These financial statements as and for the year ended March 31, 2017 (the “Ind AS Financial Statements”) are the first financial statements, the Company has prepared in accordance with Ind AS.

ii. The Company had prepared a separate set of financial statements for the year ended March 31, 2017 and March 31, 2016 in accordance with the Accounting Standards referred to in section 133 of the Companies Act, 2013 (the “Audited Previous GAAP Financial Statements”), which were approved by the Board of Directors of the Company. The management of the Company has compiled the Special Purpose Comparative Ind AS Financial Statements using the Audited Previous GAAP Financial Statements and made required Ind AS adjustments. The Audited Previous GAAP Financial Statements, and the Special purpose Comparative Ind AS Financial Statements, do not reflect the effects of events that occurred subsequent to the respective dates of approval of the Audited Previous GAAP Financial Statements.

iii. The Company has followed the provisions of Ind AS 101-”First Time adoption of Indian Accounting Standards” (Ind AS 101), in preparing its opening Ind AS Balance Sheet as of the date of transition, i.e. April 1, 2017. In accordance with Ind AS 101, the Company has presented reconciliations of Shareholders’ equity under Previous GAAP and Ind ASs as at March 31, 2017, and April 1, 2016 and of the Profit/(Loss) after Tax as per Previous GAAP and Total Comprehensive Income under Ind AS for the year ended March 31, 2017.