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Aditya Vision Ltd.

Notes to Accounts

BSE: 540205ISIN: INE679V01019INDUSTRY: Retail - Speciality - Non Apparel

BSE   Rs 3400.75   Open: 3383.30   Today's Range 3383.30
3490.00
+33.35 (+ 0.98 %) Prev Close: 3367.40 52 Week Range 1251.65
3997.85
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) 4359.39 Cr. P/BV 31.96 Book Value (Rs.) 106.41
52 Week High/Low (Rs.) 3998/1252 FV/ML 10/1 P/E(X) 67.96
Bookclosure 29/03/2024 EPS (Rs.) 50.04 Div Yield (%) 0.22
Year End :2018-03 

1.00 Corporate information

The Company was incorporated on 31st March, 1999 . The Company Identification Number (CIN) allotted to the Company is L32109BR1999PLC008783. The Company is engaged in trading of Electronic Items.

a. Terms/ rights attached to equity shares

The Company has only one class of equity shares with a face value of Rs 10/- per share. Each shareholder of equity shares is entitled to one vote per share at any General Meeting of Shareholders. The Company declares and pays dividends in Indian rupees, considering the profitability and cash flow requirements. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

The Board of Directors have not recommended any dividend for the year ended 31st March 2018.

2.00 Employee Benefits

Defined Contribution Plan - Provident Fund:

The Company has subscribed to Provident Fund Scheme and as such has charged its contribution to the Statement of Profit and Loss.

Gratuity:

The Company acknowledges the efforts of its staff members who have put in their efforts for development and standing of the company. Such hard work cannot be compensated through any means but the company proposes to provide for Payment of Gratuity to those employees who have completed five years of their continuous service. A separate provision in this regard has been created by the company in terms of AS 15 issued by The Institute of Chartered Accountants of India.

Medical Benefit:

The Company reimburses domiciliary and hospitalization expenses not exceeding specified limits incurred by eligible and qualifying employees and their dependent family members.

Pension Plan:

The Company has not subscribed to any pension plan.

3.00 Segmental Reporting (AS 17)

As advised by The Institute of Chartered Accountants of India, AS 17 is mandatorily applicable to the companies (i) whose Equity or debt securities are listed whether in India or Outside, (ii) which are in the process of listing their equity or debt securities as evidenced by the board of directors, (iii) Bank including Co-operative Banks, (iv) Financial Institutions, (v) which are carrying on Insurance Business, (vi) whose turnover for immediately preceeding accounting period on the basis of audited financial statements exceeds Rs 50 crore, (vii) whose borrowings, including public deposits exceeds Rs 10 crore, or (viii) holding or subsidiary company of any company noted above.

As the company is dealing only in one segment of products i.e Electronic Items, the desired information has not been compiled.

4.00 Related Party Disclosures (AS 18)

As per Accounting Standard 18, the disclosures of transaction with the related parties where control exists and related parties with whom transaction have taken place and their relationships are enclosed as a separate annexure.

5.00 Operating Lease arrangements

The Company has no Lease arrangements where the risk and rewards incidental to ownership of an asset substantially vest with the lessor and classified as operating leases.

6.00 Provision for Contingencies Not ascertained

7.00 Micro and Small Enterprises

According to information available with the management, on the basis of intimation received from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act), the Company has no amount due to Micro and Small Enterprises under the said Act as at 31 March 2018

8.00 Disclosure as required under Regulation 36 of SEBI (LODR) , is applicable to the company

9.00 Derivative Transactions are not applicable to the company

10.00 These financial statements have been prepared to comply with the Schedule III of the Companies Act, 2013 as appliable to the company under section 129 of the Act and the previous year figures have been regrouped and rearranged to make them comparable with that of the current year.

 
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SEBI Registration No's: NSE / BSE / MCX : INZ000166638. Depository Participant: IN- DP-224-2016.
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
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