Mar 31, 2018
Notes Forming Part of the Financial Statements for the year ended 31st March, 2018
2.8 OTHER NON CURRENT ASSETS |
In Rs. thousand |
|
Particulars |
As at |
|
31st March 2018 |
31st March 2017 |
|
Security deposit |
7 |
7 |
7 |
7 |
2.9 CASH AND CASH EQUIVALENTS
Particulars |
As at |
|
31st March 2018 |
31st March 2017 |
|
Cash and Cash Equivalents In current account with Banks |
41,92 |
1,84,31 |
Cash on Hand (Previous Year denotes balance less than ? 500) |
- |
0 |
Earmarked balance with Banks in Dividend Accounts |
77,27 |
65,41 |
1,19,19 |
2,49,72 |
2.10 SHORT TERM LOANS AND ADVANCES
Particulars |
As at |
|
31st March 2018 |
31st March 2017 |
|
UNSECURED (CONSIDERED GOOD) |
||
Advance Income Tax (Net of Provision) |
17,05 |
- |
MAT Credit Entitlement |
46 |
20,78 |
Balances with Government Authorities |
- |
29 |
Others |
35,65 |
- |
53,16 |
21,07 |
2.10.1. Entitlement credit in respect of Minimum Alternate Tax (MAT) amounting to Rs. 40,00 thousand (Previous year Rs. 31,00 thousand) has not been recognised in these financial statements considering the concept of prudence and convincing evidence of realisation thereof during the specified period.
2.11 OTHER CURRENT ASSETS |
In Rs. thousand |
|
Particulars |
As at |
|
31st March 2018 |
31st March 2017 |
|
UNSECURED (CONSIDERED GOOD) Dividend Receivable |
1,49 |
|
- |
1,49 |
2.12 REVENUE FROM OPERATIONS |
||
Particulars |
For the year ended |
|
31st March 2018 |
31st March 2017 |
|
Dividend Income |
||
- Long Term |
6,32,46 |
5,91,53 |
Income from Mutual Fund |
- |
4,97 |
Interest Income on debenture |
22 |
22 |
Profit on sale of Long Term Investments |
2,31,87 |
2,11,45 |
Provision for diminution in the value of Investments written back |
49,98 |
- |
Sale of right entitlements (Refer Note No: 2.1 2.1) |
4,94 |
- |
9,19,47 |
8,08,17 |
2.12.1: represents proceeds from sale of entitlements of equity shares in The Indian Hotels Company Limited and Tata Steel Limited.
2.13 OTHER INCOME |
||
Particulars |
For the year ended |
|
31st March 2018 |
31st March 2017 |
|
Miscellaneous Income |
1,05 |
5,96 |
1,05 |
5,96 |
2.14 OTHER EXPENSES
Particulars |
For the year ended |
|
31st March 2018 |
31st March 2017 |
|
Repair & Maintainence |
2,34 |
2,44 |
Rates & Taxes |
2,88 |
2,73 |
Directors'' Fees |
2,15 |
3,00 |
Commission to Directors |
6,00 |
6,00 |
Corporate Social Responsiblity |
13,25 |
11,00 |
Expense of Mutual Fund Scheme |
- |
8,20 |
Service charges and fees |
12,90 |
16,11 |
Priniting & Stationery |
2,32 |
3,25 |
Miscellaneous expenses |
16,15 |
18,77 |
57,99 |
71,50 |
Notes forming part of then financial statements for the Financial Year ended 31st March 2018 Note No 2.15: Contingent Liabilities and commitments (to the extent not provided for)
Claim against the Company not acknowledged as debt: NIL Note No 2.16: Proposed Dividend
In respect of the year ended March 31,2018, the Board of Directors has proposed a final dividend of Rs 25.00 per share be paid on fully paid equity shares. This equity dividend is subject to approval by shareholders at the Annual General Meeting and has not been included as a liability in these financial statements. The proposed equity dividend is payable to all holders of fully paid equity shares. The total estimated equity dividend to be paid is Rs. 4,36,33 thousand and the dividend distribution tax thereon amounts to Rs. 88,83 thousand.
Note No 2.17: Segment Reporting
The investment activity is considered as a single activity in accordance with the Accounting Standard (AS-17) "Segment Reporting"
Note No 2.18: Related Party Disclosure
A. Name of the related party and nature of relationship where control exists:
Name of the Related Party |
Nature of Relationship |
Paharpur Cooling Towers Limited |
Holding Company |
New Holding &Trading Company Limited |
Subsidiary Company |
Key Managerial Personnel |
Mr Gaurav Swarup - Managing Director Mr A K Singhania - Chief Financial Officer Mr Ayan Datta - Company Secretary |
Mrs. Gyan Mahendra Swarup Mrs Bindu Swarup Mrs Parul Swarup MrVikram Swarup Ms Devina Swarup Mr Varun Swarup |
Relatives of Key Management Personnel |
KSB Pumps Limited |
Associate Company |
Paharpur Corporation Limited Melvin Powell Vanaspati & Engineering Industries Limited. |
Enterprise over which Key Managerial Personnel having significant influence |
Mar 31, 2017
1: Contingent Liabilities and commitments (to the extent not provided for)
Claim against the Company not acknowledged as debt: NIL
2: Proposed Dividend
The Board of Directors, for the current year has recommend a Dividend of Rs.25 per share.
3: Segment Reporting
The investment activity is considered as a single activity in accordance with the Accounting Standard (AS-17) âSegment Reportingâ
4. There is no provision for doubtful debts as at the end of the year in respect of related parties.
5. There are no amounts written off or written back during the year in respect of debts due from or to related parties.
c) Previous year figures are shown within brackets.
6: Earning per Share
7. The amount used as the numerator in calculating basic and diluted earnings per share is the Net Profit for the year disclosed in the Profit and Loss account.
8. The weighted average number of equity shares used as denominator in calculating both basic and diluted earnings per share is 17,45,340 (Previous Year 5,81,780)
9: Employee Benefits
Employee Benefits expenses includes provision for gratuity Rs. 3,68.80 (Previous Year Rs. 4,91.00)
10. Corporate Social Responsibility
The Company had provided Rs. 11,00 (Previous Year Rs. 11,25) towards expenditure on Corporate Social Responsibility Activities.
Mar 31, 2016
(b) Terms and Rights attached to equity shareholders
The Company has only One class of Equity Shares having par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. The dividend proposed by the Board of Directors is subject to the approval of the Shareholders in the ensuing Annual General Meeting, except in case of interim dividend. The Share holders have all other right as available to Equity Shareholders as per the provisions of the Companies Act, 2013, read together with the Memorandum and Articles of Association of the Company, as applicable.
(c) Holding Company
In accordance with Section 2(87) (i) of the Companies Act, 2013 Paharpur Cooling Towers Limited is a Holding Company as it is deemed to control the Composition of the Board of Directors.
NOTE - 1 â PROPOSED DIVIDEND
The Board of Directors for the current year recommend a Dividend of Rs. 100 per share including Rs.45 per share as jubilee dividend (Previous years Rs. 55 per share).
NOTE - 2
The investment activity is considered as a single segment in accordance with the Accounting Standard (AS-17) âSegment Reportingâ.
NOTE - 3 Earnings per Share
(a) The amount used as the numerator in calculating basic and diluted earnings per share is the Net Profit for the year disclosed in the Profit and Loss Account.
(b) The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per share is 5,81,780 (Previous year 5,81,780).
NOTE - 4
Employee benefits expenses includes Rs.9,000 (Previous year Rs.9,000) incurred on staff welfare and provision for gratuity Rs. 4,91,000 (Previous year Rs. 18,46,000)
NOTE - 5
The Company has provided Rs. 11,25,000 (Previous year Rs. 10,00,000) towards expenditure on Corporate Social Responsibility Activities.
NOTE - 6
Previous year figures have been regrouped wherever necessary to conform current year classification.
Mar 31, 2015
1. SHARE CAPITAL
(a) Terms and Rights attached to equity shareholders
The Company has only One class of Equity Shares having par value of Rs.
10/- per share. Each holder of equity shares is entitled to one vote
per share. The dividend proposed by the Board of Directors is subject
to the approval of the Shareholders in the ensuing Annual General
Meeting, except in case of interim dividend. The Share holders have all
other right as available to Equity Shareholders as per the provisions
of the Companies Act, 2013, read together with the Memorandum and
Articles of Association of the Company, as applicable.
(b) Holding Company
In accordance with Section 2(87) (i) of the Companies Act, 2013
Paharpur Cooling Towers Limited is a Holding Company as it is deemed to
control the Composition of the Board of Directors.
2. CONTINGENT LIABILITIES AND COMMITMENTS
As on As on
31-03-2015 31-03-2014
Contingent liabilities not provided
for fixed asset (Net of Advances): 90 Â
Commitments:
Other Commitments  Â
TOTAL 90 Â
3.The Board of Directors for the current year recommend a Dividend of
Rs.55 per share (Previous year Rs. 55 per share).
4.The investment activity is considered as a single segment in
accordance with the Accounting Standard (AS-17) "Segment Reporting."
5.Related Party Disclosures:
A. Name of the related party and nature of relationship where control
exists:
Name of the Party Nature of Relationship
Paharpur Cooling Towers Ltd. (Refer Note Holding Company
No 2(c))
New Holding and Trading Company Limited Subsidiary Company
NOTES: (i) There is no provision for doubtful debts as at the end of
the year in respect of related parties.
(ii) There are no amounts written off or written back during the year
in respect of debts due from or to related parties.
(iii) Previous Year figures are shown within Brackets.
(iv) The related parties included in the various categories above,
where transactions have taken place are given below:
Holding Company Paharpur Cooling Towers Limited
Key Management Personnel Mr. Gaurav Swarup - Managing Director
Mr. A. Singhania - Chief Financial
Officer
Mr. Hirak Ghosh - Company Secretary
Relatives of Key Mrs. Bindu Swarup
Management Personnel Mrs. Gyan Swarup
Mrs. Parul Swarup
Mr. Vikram Swarup
Associate Company KSB Pumps Limited
Enterprises over which Paharpur Corporation Limited
Key management personnel Melvin Powell Vanaspati & Engineering
having significant influence Industries Limited
over the reporting enterprise
exercise significant influence.
6.Earnings per Share
(a) The amount used as the numerator in calculating basic and diluted
earnings per share is the Net Profit for the year disclosed in the
Profit and Loss Account.
(b) The weighted average number of equity shares used as the
denominator in calculating both basic and diluted earnings per share is
5,81,780.
7.Employee benefits expenses includes Rs.9/- (Previous year Rs. 7/-)
incurred on staff welfare and provision for gratuity Rs.1846 (Previous
year Rs. Nil).
8.The Company has provided Rs. 1000 thousands (Previous year Nil)
towards expenditure on Corporate Social Resposibility Activities.
9.Previous year figures have been regrouped wherever necessary to
conform current year classification.
Mar 31, 2014
1. Terms and Rights attached to equity shareholders
The Company has only One class of Equity Shares having par value of Rs.
10/- per share. Each holder of equity shares is entitled to one vote
per share. The dividend proposed by the Board of Directors is subject
to the approval of the Shareholders in the ensuing Annual General
Meeting, except in case of interim dividend. The Share holders have all
other right as available to Equity Shareholders as per the provisions
of the Companies Act, 1956, read together with the Memorandum and
Articles of Association of the Company, as applicable.
NOTE - 2 - CONTINGENT LIABILITIES As at As at
AND COMMITMENTS 31-03-2014 31-03-2013
Contingent liabilities not provided for: --- ---
Commitments:
Purchase of Units of Mutual Fund --- 6,000
Other Commitments --- ---
TOTAL --- 6,000
NOTE - 3 Earnings per Share
(a) The amount used as the numerator in calculating basic and diluted
earnings per share is the Net Profit for the year disclosed in the
Profit and Loss Account.
(b) The weighted average number of equity shares used as the
denominator in calculating both basic and diluted earnings per share is
5,81,780.
NOTE - 4
Employee benefits expenses includes Rs. 9 thousand (Previous year Rs. 7
thousand) Incurred on staff welfare.
NOTE - 5
During the previous year, the Company has settled a claim for
fraudulent transfer of shares of the Company.
NOTE - 6
The Company has recognised the MAT Credit during the year to the extent
of virtual certainity of taxable income in accordance with the
prevailing tax laws.
NOTE - 7
Disclosures as per the revised Schedule VI has been given to the extent
those are applicable to the Company.
NOTE - 8
Previous year figures have been regrouped wherever necessary to conform
current year classification.
Mar 31, 2013
As at As at
31-03-2013 31-03-2012
NOTE - 1
CONTINGENT LIABILITIES
AND COMMITMENTS
Contingent liabilities
not provided for:
Commitments:
Purchase of Units of
Mutual Fund 6,000
TOTAL 6,000
NOTE - 2
The investment activity is considered as a single segment in accordance
with the Accounting Standard (AS-17) "Segment Reporting."
NOTE - 3
Earnings per Share
(a) The amount used as the numerator in calculating basic and diluted
earnings per share is the Net Profit for the year disclosed in the
Profit and Loss Account.
(b) The weighted average number of equity shares used as the
denominator in calculating both basic and diluted earnings per share is
5,81,780.
NOTE - 4
Employee benefits expenses includes Rs. II- (Previous year Rs. 7/-)
Incurred on staff welfare.
NOTE - 5
During the year, the Company has settled a claim for fraudulent
transfer of shares of the Company.
NOTE - 6
The Company has recognised the MAT Credit during the year to the extent
of virtual certainity of taxable income in accordance with the tax
laws.
NOTE - 7
Disclosures as per the revised Schedule VI has been given to the extent
those are applicable to the Company.
NOTE - 8
Previous year figures have been regrouped wherever necessary to conform
current year classification.
Mar 31, 2012
NOTE - 1
Earnings per Share
(a) The amount used as the numerator in calculating basic and diluted
earnings per share is the Net Profit for the year disclosed in the
Profit and Loss Account.
(b) The weighted average number of equity shares used as the
denominator in calculating both basic and diluted earnings per share is
581780.
NOTE - 2
Employee benefits expenses includes Rs. 7 Incurred on staff welfare.
NOTE - 3
Previous year figures have been regrouped wherever necessary to conform
current year classification in accordance with revised Schedule VI to
the Companies Act, 1956.
Mar 31, 2011
1. Contingent liabilities not provided for in respect of:
(i) Disputed Taxation Matters Rs. Nil (Previous year Rs. NIL ).
(ii) In respect of Shares partly paid-up Rs. 8,34,000 (Previous year
Rs. 52,500/-)
(iii) Liability in respect of disputed property tax levied by
Brihanmumbai Mahanagarpalika on the Society where in the Company is a
member, the amount of which is not ascertainable.
2. The investment activity is considered as a single segment in
accordance with the Accounting Standard (AS-17) "Segment Reporting".
3. Related Party Disclosure :
A. Name of the related party and nature of relationship where control
exists : (As certified by the management.)
Name of the Party Nature of Relationship
New Holding and Trading Company Limited Subsidiary Company
Subsidiary Company New Holding And Trading Company Limited
Key Management Personnel Mr. A. V. Setalvad
Mr. A. R. Broacha
Relatives of Key
Management Personnel. Mr. H. V. Setalvad
Mrs. J. A. Setalvad
Individuals having
significant influence
over the enterprise. Mr. V. C. Vaidya
Mr. Gaurav Swarup
Mr. Vikram Swarup
Relatives of individual
having significant
influence over the
enterprise. Mr. Mahendra Swarup
Mrs. Bindu Swarup
Mr. Gyan Swarup
Mr. Parul Swarup
Enterprise over which key
Management Personnel
exercise significant
influence. KSB Pumps Limited
Enterprises over which
Individuals having
significant influence over
the reporting enterprise
exercise significant
influence. Paharpur Cooling Towers Limited
Paharpur Corporation Limited
Melvin Powell Vanaspati &
Engineering Industries Limited
4. Earnings per Share
(a) The amount used as the numerator in calculating basic and diluted
earnings per share is the Net Profit for the year disclosed in the
Profit and Loss Account.
(b) The weighted average number of equity shares used as the
denominator in calculating both basic and diluted earnings per share is
581780.
5. Previous year figures have been regrouped wherever necessary to
conform current year classification.
Mar 31, 2010
1. Contingent liabilities not provided for in respect of:
(I) Disputed Taxation Matters Rs.Nil (Previous year Rs. 8,50,373/-).
(ii) In respect of Shares partly paid-up Rs. 47,250/- (Previous year
Rs. Nil)
2. The investment activity is considered as a single segment in
accordance with the Accounting Standard (AS-17) "Segment Reporting".
3. Related Party Disclosures:
A. Name of the related party and nature of relationship where control
exists:
Name of the Party Nature of Relationship
New Holding and Trading Company Limited Subsidiary Company
4. Earnings per Share
(a) The amount used as the numerator in calculating basic and diluted
earnings per share is the Net Profit for the yeardisclosed in the
Profit and Loss Account.
(b) The weighted average number of equity shares used as the
denominator in calculating both basic and diluted earnings per share is
581780.
5 Previous years figures have been regrouped wherever necessary to
conform current years classification.