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Company Information

Home » Market » Company Information

North Eastern Carrying Corporation Ltd.

Jul 30
19.05 +0.55 (+ 2.97 %)
 
VOLUME : 134849
Prev. Close 18.50
Open Price 19.15
TODAY'S LOW / HIGH
18.65
 
 
 
19.30
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
6.65
 
 
 
19.60
Jul 30
19.10 +0.65 (+ 3.52 %)
 
VOLUME : 432139
Prev. Close 18.45
Open Price 18.80
TODAY'S LOW / HIGH
18.70
 
 
 
19.30
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
6.55
 
 
 
19.55
Company Information Menu

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Market Cap. ( ₹ ) 95.88 Cr. P/BV 1.01 Book Value ( ₹ ) 18.87
52 Week High/Low ( ₹ ) 20/7 FV/ML 10/1 P/E(X) 67.25
Bookclosure 29/09/2020 TTM EPS ( ₹ ) 0.28 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. Corporate information

North Eastern Carrying Corporation Limited is a Limited Company incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business of transportation.

2. Basis of preparation of Financial Statements

(i) Statement of compliance:

The financial statements of the Company for the year ended 31 March 2018 are prepared in all material aspects in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and relevant provisions of the Companies Act, 2013.

(ii) Basis of Preparation:

Effective April1, 2017, the Company has adopted all the Ind AS standards and the adoption was carried out in accordance with Ind AS 101 First time adoption of Indian Accounting Standards, with April1, 2016 as the transition date. The transition was carried out from Indian Accounting Principles generally accepted in India as prescribed under Section133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (IGAAP), which was the previous GAAP.

(iii) Basis of Measurement

The financial statements have been prepared under the historical cost convention except for the following which have been measured at fair value:

- Financial assets and liabilities except borrowings carried at amortised cost

Terms/Rights attached to equity shares

a) The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/-. Each holder of equity shares is entitled to one vote per share. The equity share holder are eligible for dividend, if so declared. The dividend proposed by the board of directors is subject to the approval of the share holders in the ensuing annual general meeting, except in case of Interim Dividend.

b) In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

3. The Company has paid fixed monthly remuneration to the directors in accordance with the provisions of section 196, 197, 203 and other applicable provisions of the Companies Act 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 read with the Schedule V of the Companies Act 2013.

4. Contingent Liability not provided for:

(a) In Respect of Bank Guarantees issued by the bank on behalf of the company Rs 77,35,291/-

(b) For claims/shortage not ascertained nor settled during the year. Claims lodged by customers but not settled by the company Rs 13,94,555/-.

(c) Approximate Liability on account of major cases filed against the company in various courts aggregating to Rs 3,40,10,077/

5. Sundry Debtors include freight receivable against GRs issued during the year.

6. Tax Deducted at Source (A.Y. 2018-2019) is not final as more TDS Certificates might be received by the company in future.

7. There is nothing to be disclosed under AS 17 - Segment Reporting since there is no business segment or geographical segment which is a reportable segment based on the definitions contained in the accounting standard.

8. The debit and credit balances standing in the name of parties are subject to confirmation from them.

9. The company has not received any intimation from “suppliers” regarding their status under Micro Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year ended together with interest paid/payable as required under the said Act have not been furnished.

10. In the opinion of the Board of Directors, the current assets, loans & advances are fully realizable at the value stated, if realized in the ordinary course of business. The provisions for all known liabilities are adequate in the opinion of board.

11. Being a service company quantitative information/clause are not applicable.

12. Payment to Auditors Amt. In Rs.

Audit Fee Rs.1,50,000/- (Previous Year Rs.1,50,000/-)

13. Previous year figures have been regrouped/ reclassified wherever necessary.