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Company Information

Home » Market » Company Information

Nalwa Sons Investments Ltd.

May 12
1701.00 -56.00 ( -3.19 %)
 
VOLUME : 252
Prev. Close 1757.00
Open Price 1761.70
TODAY'S LOW / HIGH
1676.95
 
 
 
1761.70
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
527.10
 
 
 
1800.00
May 12
1695.05 -70.40 ( -3.99 %)
 
VOLUME : 2439
Prev. Close 1765.45
Open Price 1850.00
TODAY'S LOW / HIGH
1666.55
 
 
 
1850.00
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
580.00
 
 
 
1850.00
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Market Cap. ( ₹ ) 870.61 Cr. P/BV 0.27 Book Value ( ₹ ) 6,205.56
52 Week High/Low ( ₹ ) 1850/580 FV/ML 10/1 P/E(X) 44.40
Bookclosure 24/12/2020 TTM EPS ( ₹ ) 72.62 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 

1. Company Overview

Nalwa Sons Investments Limited was incorporated on November 18, 1970 under the erstwhile Companies Act i.e. Companies Act, 1956 and is registered as Non-deposit taking Non-Banking Financial Company ('NBFC') under the provisions of Section 45-IA of the Reserve Bank of India Act, 1934.

Notes

1 3,47,945 (Previous Year 3,47,945) shares of Jindal Stainless Limited have been pledged to the lender of third party.

2 During the year, the Company has written-off the cost of investment in Jindal Overseas PTE Limited ("JOPL") in the books of accounts as JOPL has voluntarily filed an application for winding up and consequently, its name has been struck off w.e.f. 5th April 2018.

3 During the year the Company has received bonus Compulsory Convertible Preference Shares in the ratio of 1:100 of Sahyog Holdings Private Limited.

* Appeals in respect of certain assessments of Income-Tax are pending and additional tax liabilities/refunds, if any, is not determinable at this stage. Adjustments for the same will be made after the same is finally determined.

2. Long-term investments

(a) Although the fair value of unquoted investments (amount not ascertained) is lower than the cost, considering the strategic and the long-term nature of the investments and the asset base of the investee companies such decline, in the opinion of the management has been considered to be of temporary nature and hence not considered while valuing the same.

(b) The Company has made long term investment in subsidiary companies of ' 8269.45 Lacs and in certain other companies of ' 1840.22 Lacs where there is diminution in value of investment. The amount of diminution is not readily ascertainable because of layer effect of accretion/diminution of investment held by those companies. Such diminution in the opinion of the management, being long term strategic investment and future cash flows, is temporary in nature and as such no provision is considered necessary.

3. Loans and advances repayable on demand (other than those considered as non-performing assets) includes ' 826.37 lakhs (Previous year ' 930.50 lakhs) due from various OP Jindal Group companies which currently have accumulated losses in their books as per latest available audited balance sheet. The Company has mechanism for review and monitoring of all such loans and is confident of recovering these amounts, which are considered good in nature, as and when called for payment. The Company would take necessary action for recovery of these amounts, if required.

4. The Company has given loans to various companies, which are repayable on demand. During the year, interest on such loans has been serviced by converting into principal, and the same has also been acknowledged by the borrowers.

5. In the opinion of the Board, value of all assets other than fixed assets and non-current investments have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

6. Segment Reporting

The Company is primarily engaged In investment and financing activities. Therefore, considered a single business segment. The Company operates in a single geographic segment i.e within India. In the absence of separate reportable business or geographic segments the disclosures required under the Accounting Standard (AS) 17 on "Segment Reporting" has not been made.

7. Disclosures in respect of Micro, Small and Medium Enterprises

(i) According to the records available with the Company, dues payable to entities that are classified as Micro and Small Enterprises under the Micro, Small and Medium Enterprises Development Act, 2006 during the year is ' Nil (previous year ' Nil). Further no interest has been paid or was payable to such parties under the said Act during the year.

(ii) Due to Micro, small and medium enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Company. This has been relied upon by the auditors.

8. Earnings Per Share (EPS)

Earnings per share as given below has been computed in accordance with Accounting Standard 20 'Earnings Per Share (AS-20): -

9. Provision on standard assets and doubtful debts

(a) Provision for standard assets has been made at a 0.30% of the outstanding standard assets as per internal estimates, based on past experience, realisation of security, and other relevant factors, which is higher than the minimum provisioning requirements specified by the Reserve Bank of India (RBI).

(b) The Company has made adequate provision for the Non-Performing Assets identified. Accordingly, provision for Sub-Standard and Doubtful assets is made with the guidelines issued by The Reserve Bank of India.

Note:-

1. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 .

2. Provisioning norms shall be applicable as prescribed in Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015.

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up / fair value / NAV in respect of unquoted investments has been disclosed irrespective of whether they are classified as long term or current in (4) above.

10. Prior Year Comparatives

The figures for the previous year have been regrouped/ rearranged wherever necessary to conform to current year's classification.