Latin Manharlal Chat
BSE Prices delayed by 5 minutes...
     Prices as on Mar 01, 2021     
  ABB India 1523.75 [ -0.55% ]
  ACC 1775.25 [ 2.44% ]
  Axis Bank Ltd. 728.95 [ 0.59% ]
  Bank of Baroda 83.3 [ -2.46% ]
  Bharti Airtel 532.3 [ -4.45% ]
  Bharat Heavy Ele 48.8 [ 2.41% ]
  Cipla 789.5 [ 0.38% ]
  Coal India 154.3 [ 1.41% ]
  Colgate Palm. 1582.25 [ 0.09% ]
  Dabur India 505.95 [ 0.52% ]
  DLF Ltd. 307.15 [ 1.40% ]
  Grasim Inds. 1264.65 [ 5.42% ]
  HDFC 2607.3 [ 2.69% ]
  HDFC Bank 1558.7 [ 1.59% ]
  Hero MotoCorp 3349.95 [ 3.80% ]
  ICICI Bank 608.15 [ 1.77% ]
  IDFC L 54.35 [ -1.45% ]
  Indian Hotels Co 121.5 [ -1.10% ]
  IndusInd Bank 1067.75 [ 0.42% ]
  Infosys 1268.7 [ 1.31% ]
  ITC Ltd. 206.9 [ 1.40% ]
  L&T 1472.85 [ 2.12% ]
  Lupin Ltd. 1022.55 [ 0.40% ]
  Mahi. & Mahi 819.1 [ 1.77% ]
  MTNL 13.47 [ 0.90% ]
  Nestle India 16288.2 [ 1.18% ]
  NIIT Ltd. 195 [ -0.05% ]
  NMDC Ltd. 131.6 [ 3.58% ]
  NTPC 108.45 [ 1.17% ]
  ONGC 117.15 [ 5.40% ]
  Punj. NationlBak 40.8 [ -0.12% ]
  SBI 395 [ 1.23% ]
  Vedanta 213.65 [ 3.26% ]
  Shipping Corpn. 103.7 [ 3.75% ]
  Sun Pharma. 604.3 [ 1.51% ]
  Tata Chemicals 744.2 [ 0.72% ]
  Tata Steel 730.2 [ 2.15% ]
  Tata Power Co. 97.8 [ 2.84% ]
  Tech Mahindra 935.65 [ 1.86% ]
  United Spirits 546.7 [ 2.28% ]
  Wipro Ltd 414.35 [ 1.01% ]

Company Information

Home » Market » Company Information

Darjeeling Ropeway Company Ltd.

Mar 01
4.51 -0.12 ( -2.59 %)
 
VOLUME : 23965
Prev. Close 4.63
Open Price 4.86
TODAY'S LOW / HIGH
4.50
 
 
 
4.86
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
3.37
 
 
 
15.70
Darjeeling Ropeway Company Ltd. is not traded in NSE
Company Information Menu

Search Company

Market Cap. ( ₹ ) 1.38 Cr. P/BV 0.28 Book Value ( ₹ ) 15.95
52 Week High/Low ( ₹ ) 16/3 FV/ML 10/1 P/E(X) 0.00
Bookclosure 28/09/2019 TTM EPS ( ₹ ) -0.77 Div Yield (%) 0.00
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2018-03 

Note 1: Notes forming part of the financial statements

Corporate Overview

Darjeeling Ropeway Co Limited, incorporated on 16/10/1936, having its registered office at Office no. GF17, Ground floor, HDIL Harmony Mall, 1A/58, New Link Road, Goregaon-west, Mumbai- 400104.

Note: 2 Explanation of Transition to Ind AS

The transition as at April 1, 2017 to Ind AS was carried out from the previous GAAP. The exemptions and exceptions applied by the Company in accordance with Ind AS 101 - First Time Adoption of Indian Accounting Standards.

Financial Instruments

(a) Financial Assets

Financial assets are recognised when the Company becomes a party to the contractual provisions of the instrument. On initial recognition, a financial asset is recognised at fair value. In case of Financial assets which are recognised at fair value through profit and loss (FVTPL), its transaction cost are recognised in the statement of profit and loss. In other cases, the transaction cost are attributed to the acquisition value of the financial asset. Financial assets are subsequently classified and measured at

- amortised cost

- fair value through profit and loss (FVTPL)

- fair value through other comprehensive income (FVOCI).

Financial assets are not reclassified subsequent to their recognition, except if and in the period the Company changes its business model for managing financial assets.

(b) Financial Liabilities

Financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

Explanation to treatment of Change in Fair Value of Investments

As per previously applied GAAP, the Quoted securities were valued as Cost or Net Realisable Value whichever is lower.

As per Ind AS, the Investments can be valued as per Fair Value through Profit & Loss (FVTPL) or Fair Value through Other Comprehensive Income (FVTOCI) or Ammortised Cost.

We have treated the investments at FVTPL, so both the realized/ unrealized profit/ loss will be shown in the profit & loss account. It is to note that the current tax implication will only be on the realized Profit/ Loss and not on unrealized Profit/Loss whereas deferred tax will be created for the unrealized portion.

The other income of the current year includes Rs 651,486/- on account of unrealized profit due to the change in Fair Value of Investments. Deferred Tax adjustment against the same is done.

Alternatively, the investments could be passed through OCI, where the unrealized profit/loss would have been reflected as below the line item and the realized profit/loss as above the line item.

The PBT as per FVTPL is Rs. 68,92,011/- whereas if the investment would have been considered though OCI the PBT would have been Rs. 62,76,525/- The difference is Rs. 651,486/- which is on account of Change in Fair value of Investment, due to unrealized profit on account of change in fair value of investment passed though Profit and Loss Account. The PAT remains same under both the methods.

The reconciliation of equity and total comprehensive income in accordance with Previous GAAP to Ind AS are explained below.

Reconciliation between Previous GAAP and Ind AS

iii. Reconciliation of Statement of Cash Flow

There are no material adjustments to Statement of Cash Flows as reported under the Previous GAAP.

Note: "Previous Year's figure have been regrouped rearranged wherever considered necessary".

(ii) Rights, preferences and restrictions attached to Shares

The Company has only one class of equity shares having a par value of Rs 10 each. Each shareholder is eligible for one vote per share held.