BSE Prices delayed by 5 minutes... << Prices as on Jul 04, 2025 - 12:04PM >>   ABB  5849.5 ATS - Market Arrow  [-0.36]  ACC  1959.85 ATS - Market Arrow  [0.17]  AMBUJA CEM  591 ATS - Market Arrow  [0.42]  ASIAN PAINTS  2424.85 ATS - Market Arrow  [-0.23]  AXIS BANK  1163.55 ATS - Market Arrow  [-0.58]  BAJAJ AUTO  8421.45 ATS - Market Arrow  [0.45]  BANKOFBARODA  239.95 ATS - Market Arrow  [-0.99]  BHARTI AIRTE  2006 ATS - Market Arrow  [-0.57]  BHEL  260.5 ATS - Market Arrow  [1.17]  BPCL  341.3 ATS - Market Arrow  [3.03]  BRITANIAINDS  5783.15 ATS - Market Arrow  [-0.20]  CIPLA  1516.9 ATS - Market Arrow  [0.55]  COAL INDIA  385.3 ATS - Market Arrow  [-0.30]  COLGATEPALMO  2435.15 ATS - Market Arrow  [-0.39]  DABUR INDIA  494.45 ATS - Market Arrow  [0.61]  DLF  828.25 ATS - Market Arrow  [-0.16]  DRREDDYSLAB  1294.9 ATS - Market Arrow  [0.13]  GAIL  193 ATS - Market Arrow  [0.18]  GRASIM INDS  2790.1 ATS - Market Arrow  [-0.92]  HCLTECHNOLOG  1717.3 ATS - Market Arrow  [0.39]  HDFC BANK  1980.2 ATS - Market Arrow  [-0.27]  HEROMOTOCORP  4352.2 ATS - Market Arrow  [0.88]  HIND.UNILEV  2324.15 ATS - Market Arrow  [0.52]  HINDALCO  693 ATS - Market Arrow  [-0.05]  ICICI BANK  1425.85 ATS - Market Arrow  [-0.02]  INDIANHOTELS  747.1 ATS - Market Arrow  [-0.15]  INDUSINDBANK  854.6 ATS - Market Arrow  [-0.91]  INFOSYS  1628 ATS - Market Arrow  [0.61]  ITC LTD  413.2 ATS - Market Arrow  [-0.08]  JINDALSTLPOW  944.3 ATS - Market Arrow  [-1.22]  KOTAK BANK  2115.95 ATS - Market Arrow  [-0.48]  L&T  3575 ATS - Market Arrow  [-0.21]  LUPIN  1990.4 ATS - Market Arrow  [1.78]  MAH&MAH  3137.7 ATS - Market Arrow  [-1.17]  MARUTI SUZUK  12613.45 ATS - Market Arrow  [-1.09]  MTNL  49.92 ATS - Market Arrow  [-2.12]  NESTLE  2374.45 ATS - Market Arrow  [-0.59]  NIIT  128.05 ATS - Market Arrow  [-1.46]  NMDC  68.56 ATS - Market Arrow  [-0.77]  NTPC  332.45 ATS - Market Arrow  [-0.70]  ONGC  245 ATS - Market Arrow  [0.41]  PNB  110.1 ATS - Market Arrow  [-0.09]  POWER GRID  294.05 ATS - Market Arrow  [0.12]  RIL  1520.45 ATS - Market Arrow  [0.10]  SBI  807.05 ATS - Market Arrow  [-0.01]  SESA GOA  456.5 ATS - Market Arrow  [-0.40]  SHIPPINGCORP  220.6 ATS - Market Arrow  [-0.56]  SUNPHRMINDS  1679.9 ATS - Market Arrow  [0.07]  TATA CHEM  940.95 ATS - Market Arrow  [-0.38]  TATA GLOBAL  1086.5 ATS - Market Arrow  [-0.22]  TATA MOTORS  687.2 ATS - Market Arrow  [-0.46]  TATA STEEL  162.7 ATS - Market Arrow  [-1.90]  TATAPOWERCOM  399.85 ATS - Market Arrow  [0.03]  TCS  3416.5 ATS - Market Arrow  [0.46]  TECH MAHINDR  1657.3 ATS - Market Arrow  [-0.93]  ULTRATECHCEM  12359 ATS - Market Arrow  [-0.28]  UNITED SPIRI  1382.55 ATS - Market Arrow  [0.03]  WIPRO  269.05 ATS - Market Arrow  [0.73]  ZEETELEFILMS  146 ATS - Market Arrow  [1.53]  

MPIL Corporation Ltd.

Notes to Accounts

BSE: 500450ISIN: INE844C01027INDUSTRY: Miscellaneous

BSE   Rs 514.95   Open: 514.95   Today's Range 514.95
514.95
+21.95 (+ 4.26 %) Prev Close: 493.00 52 Week Range 463.00
787.35
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) 29.43 Cr. P/BV 2.16 Book Value (Rs.) 237.96
52 Week High/Low (Rs.) 787/463 FV/ML 10/1 P/E(X) 0.00
Bookclosure 24/09/2024 EPS (Rs.) 0.00 Div Yield (%) 0.09
Year End :2024-03 

(IV) Rights, preference and restrictions attached to equity shares

The Company has one class of equity shares having a par value of ? 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting,except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts,in proportion to their shareholding.

b) Fair Value hierarchy

This section explains the judgements and estimates made in determining the fair value of the financial instruments that are (a) recognized and measured fair value and (b) measured at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the company has classified its financial instruments into the three levels prescribed the accounting standards below:

Level - 1 Hierarchy includes financial instruments measured using quoted price. This includes mutual funds & listed Equity shares that have quoted price. The mutual funds are valued using the closing NAV and listed equity shares are valued at closing market price on the date of reporting.

Level - 2 The fair value of financial instruments that are not traded in an active market (for example trade bond, over-the-counter derivatives) is determined using valuation technique which maximise the use of observable market data and rely as little as possible on entity -specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in Level-2.

Level - 3 If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

Financial Risk Management

Financial instruments and cash deposits

The Company maintains exposure in cash and cash equivalents, term deposits with banks and investments in mutual funds and equity shares etc. The Company avoids concentration of credit risk by spreading them over different counter parties which have good credit ratings, good reputation and hence the risk is reduced.

Trade receivables

Customer credit risk is managed by the Company's established policy, procedures and control relating to customer credit risk management. On account of adoption of Ind-AS 109, the Company uses expected credit loss model to assess the impairment loss or gain. The Company uses a provision matrix to compute the expected credit loss allowance for trade receivables. The provision matrix takes into account available external and internal credit risk factors and the Company's historical experience for customers.

Liquidity Risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due.

Market Risk

Market risk comprises two types of risk: interest rate risk and currency risk. Financial instruments affected by market risk include loans and borrowings, deposits and derivative financial instruments.

Currency risk

The company's operations are such that all activities are confined to India only.

Note 18 Contingent Liabilities and Commitments not provided for

March 31, 2024 f in lakhs

March 31,2023 ? in lakhs

A. Contingent Liability

Claims against the Company not acknowledged as debts regarding claims by:

- Vendors and Service Providers

79.71

79.71

Total

79.71

79.71

The Company's petitions are pending with various Courts against eviction of premises and claims for mesne profits by a landlord of leasehold premises occupied by the Company. Amount not ascertainable as the matter is sub-judice.

B. Estimated amount of contracts to be executed on Capital account Net of advance of ? 13,69,70,334/- (Previous year ? 17,46,56,447)*

105

105

* The above advances includes f5,00,000 (P.Y f 5,00,000), where the Company entered into a Memorandum of Understanding "MoU" with Watumull Trust ("Vendor") on April 12, 2006 for purchase of the office premises at Udyog Bhavan, Ballard Estate, Mumbai. However, the vendor has disputed the MoU. A legal suit has been filed by the Company in February, 2008 against the Vendor in the High Court Judicature of Bombay. The vendor has filed a notice of motion on March 31, 2013 before the Hon. High Court for increase in the rent which is not accepted by the Company in view of the MoU. Amount of rent arrears is not ascertainable as the matter is sub-judice.

The Company's pending litigations comprise mainly claims against the Company, property disputes, proceedings pending with Tax and other Authorities. The Company has reviewed all its pending litigations and proceedings and has made adequate provisions, wherever required and disclosed the contingent liabilities, wherever applicable, in its financial statements. The Company does not reasonably expect the outcomes of these proceedings to have a material impact on its financial statements.

20. Deferred Tax

Deferred Tax Assets arising from timing difference and/or carry forward business loss and unabsorbed depreciation have not been recognised as a matter of prudence and absence of virtual certainty of having sufficient taxable income in future, as the case may be.

27. Previous year's figures have been reclassified / regrouped to confirm to this year's classification.

 
STOCKS A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z|Others

Mutual Fund A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others

SEBI Registration No's: NSE / BSE / MCX : INZ000166638. Depository Participant: IN- DP-224-2016.
AMFI Registered Number - 29900 (ARN valid upto 24th July 2025) - AMFI-Registered Mutual Fund Distributor since June 2008.
Compliance Officer :- Name: Ch.V.A. Varaprasad, Mobile No.: 9393136201, E-mail: varaprasad.challa@rlpsec.com
Grievance Cell: rlpsec_grievancecell@yahoo.com , rlpdp_grievancecell@yahoo.com
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.
Copyrights @ 2014 © RLP Securities. All Right Reserved Designed, developed and content provided by