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Company Information

Home » Market » Company Information

Shree Steel Wire Ropes Ltd.

Nov 29, 04:00
23.80 +0.70 (+ 3.03 %)
 
VOLUME : 512
Prev. Close 23.10
Open Price 23.05
TODAY'S LOW / HIGH
22.50
 
 
 
24.00
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
18.50
 
 
 
35.00
Shree Steel Wire Ropes Ltd. is not traded in NSE
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Market Cap. ( ₹ ) 7.88 Cr. P/BV 0.62 Book Value ( ₹ ) 38.40
52 Week High/Low ( ₹ ) 35/19 FV/ML 10/1 P/E(X) 9.08
Bookclosure 25/08/2020 TTM EPS ( ₹ ) 3.04 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 :2015-03 The Company has single class of equity shares. Each equity shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining net assets of the company, in proportion to their shareholding.

1. Related party disclosures, as required by Accounting Standards - AS-18 Related Parties Disclosures" issued by the institute of Chartered Accountants of India are given below:

A. Related parties and their relationship. i) Related parties:

Bholenath Developers Ltd : Mr. Anil L. Sajnani- Director

Mr. Ashish L. Sajnani- Director

Soham Hospitality Pvt. Ltd. : Mr. Anil L. Sajnani- Director

Mr. Ashish L. Sajnani- Director

Basant Rubber Factory Pvt. Ltd. : Mr. Anil L. Sajnani- Director

Embee Interntionl resources Pvt. Ltd. : Mr. Anil L. Sajnani- Director

Royal Western (India) Hotels Pvt. Ltd. : Mr. Ashish L. Sajnani- Director

ii) Key Management Personnel

Mr. Manoj B. Jeswani - Whole Time Director

Mr. Anil L. Sajnani - Non Executive Independent Director

Mr. Ashish L. Sajnani - Non Executive Independent Director

2. Lease:

Office premises is on rental basis and risks & rewards of ownership are retained by the lessor. The Rent is charged to profit and loss account.

3. Segment Reporting:

Segament Reporting as required by AS-17 is not applicable as the company operates in one single primary business segament i.e. Steel Wire Ropes Manufacturing.

4. There is no Raw Material, nor any Spare parts or components imported during the year.

5. Expenditure made in Foreign currency during the year: Foreign Travel expenses - Rs. 50,064/-

6. There is no Earnings in foreign currency during the year

7. In the absence of information relating to the suppliers registered as Micro, Small and Medium Enterprises under Micro Small and Medium Enterprises (Development) Act, 2006, the Company has been unable to identify such suppliers and information required under the said Act could not be complied and disclosed.

8. In respect on Long term Loans and advances given to 2 unrelated parties, we have to state that in our opinion company has not taken any security for such advances, which was essential, and interest amount or F.Y. 2014 - 2015 is not received till signing the balance sheet. An opinion can be formed that the Company is also changing its nature of business. Total amount outstanding on the balance sheet date are Rs. 3,25,00,000/- which is 43.54% of Share capital and Free Reserves and 81.96% of free Reserves. As per explanation received from the management, they state that, the surplus fund has been invested in open market in the form of advances to earn high rate of interest, and the high rate of interest will be earned only when the company takes the risk of advancing loan without any security. Further management has assured that the advances are though unsecured but should be considered as good, there is no contingency in there recoverability.

9. Current year figures are shown in highlight & bold prints