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NOTES TO ACCOUNTS

Mangalam Seeds Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 61.38 Cr. P/BV 2.29 Book Value (₹) 24.42
52 Week High/Low (₹) 110/43 FV/ML 10/1 P/E(X) 18.47
Bookclosure 25/09/2018 EPS (₹) 3.03 Div Yield (%) 0.89
Year End :2016-03 

Sub Note: 1 During the Financial Year 2015-16 Company has allotted Bonus shares on 8th May, 2015 to its existing shareholders in the ratio of 13 shares against each 6 shares held by them out of balance in Securities Premium Account.

Sub Note: 2 During the Financial Year 2015-16 Company has allotted 212,328 Equity shares at Rs 50 each (including Rs 40 towards security premium) on 15th May, 2015.

Sub Note: 3 During the Financial Year Company went for Initial Public Offering of 1,140,000 Equity Shares at Rs 50 each (including Rs 40 towards security premium) and got listed on 12th August, 2015 on SME Platform of Bombay Stock Exchange, out of the same the company has raised Rs 5.70 Crores.

Sub Note: 4 The management have recommended dividend of Rs 1/- per Equity share, to the Shareholders of the Company. (Previous Year - No Dividend was recommended by the management.

Sub Note: 5 The Company have made provision for Dividend Distribution Tax @ 20.358% on the amount of Proposed Dividend. (Previous Year - No Dividend was recommended by the management, therefore no provision have been made.)

Sub Note: 6 During the Financial Year, the Company have issued 212,328/- Equity Shares under Private Placement and 1,140,000/Equity Shares in Initial Public Offer at premium of Rs 40/- per Equity Share.

Sub Note: 7 During the Financial Year Company has issued Bonus shares to existing shareholders in the ratio of 6 shares against each 13 shares held by them out of Securities Premium Account.

Sub Note: 8 During the year Company has incurred Rs 4,440,789/- towards share issue expense, after deducting Rs 500,000/- being subsidy receivable, the same has been set off against Security Premium as per Section 52 of the Companies Act, 2013.

Sub Note: 9 Working Capital Loan from HDFC Bank of Rs 4,97,17,237/- as on March 31, 2016 is secured against hypothecation of Present and Future Stock and Book Debts at the rate of 10.80%.

Sub Note: 10 Outstanding Balances of Trade Payables as on 31st March, 2016 are taken as certified by management. The same is subject to reconciliation and confirmations.

Sub Note: 11 Other Payables includes amount received as advance from customers and amount to be paid to employees of the Company.

Sub Note: 12 Car Loan of Rs. 290,547/- as on March 31, 2016 of HDFC Bank Limited is secured by way of hypothecation of car at the rate of 10.51%.

Sub Note: 13 Car Loan of Rs. 311,771/- as on March 31, 2016 of HDFC Bank Limited is secured by way of hypothecation of car at the rate of 9.61%.

Sub Note: 14 The Company have provided for Income Tax Provision at the applicable rate on income derived from trading of goods and had paid Rs 1,000,000/- towards advance tax.

Sub Note: 15 The management have recommended dividend of Rs 1/- per Equity share, to the Shareholders of the Company. (Previous Year - No Dividend was recommended by the management.

Sub Note: 16 The Company has made provision for Dividend Distribution Tax @ 20.358% on the amount of Proposed Dividend. (Previous Year - No Dividend was recommended by the management, therefore no provision have been made.)

17 Outstanding balances of Creditors and Debtors are subject to confirmations / reconciliation.

18 As informed to us, the Contingent Liability is NIL

19 Previous year's figures have been regrouped and rearranged wherever necessary.

20 Related Party Disclosures:

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