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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. (₹) 60.99 Cr. P/BV 2.01 Book Value (₹) 27.58
52 Week High/Low (₹) 110/43 FV/ML 10/1 P/E(X) 17.96
Bookclosure 25/09/2018 EPS (₹) 3.09 Div Yield (%) 0.90
Year End :2018-03 

Sub Note: 1

During the Financial Year 2017-18 Company has allotted 5,490,079 Equity shares as Bonus Shares to the existing Equity Shareholders as on 31st August, 2017, in the ratio of 1 Equity Share against the 1 Equity Share held by them.

Sub Note: 1

During the Financial Year 2017-18 Company has allotted 5,490,079 Equity shares as Bonus Shares to the existing Equity Shareholders as on 31st August, 2017, in the ratio of 1 Equity Share against the 1 Equity Share held by them.

Sub Note: 1

i) Car Loan of Rs. 583,041 as on March 31, 2018 of HDFC Bank Limited is secured by way of hypothecation of car at the rate of 9.35%.

Sub Note: 1

The company have provided for the gratuity based on AS-15 “Employee Benefits” as per actuarial valuation and it is not funded.

Sub Note: 1

The company has accepted the security deposits from the new distributors as per the company policy and it is refundable. The rate of interest on it is 9% p.a.

Sub Note: 1

Working Capital Loan from HDFC Bank of ‘ 43,194,412/- as on March 31, 2018 is secured against hypothecation of Present and Future Stock and Book Debts at the rate of 10.80% and Rs. 10,000,000/- at the rate of 9.55%.

Sub Note: 1

Outstanding Balances of Trade Payables as on 31st March, 2018 are taken as certified by management. The same is subject to reconciliation and confirmations.

Sub Note: 1

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

Sub Note: 2

Car Loan of Rs. 247,671 as on March 31, 2018 of HDFC Bank Limited is secured by way of hypothecation of car at the rate of 9.61%

Sub Note: 3

Car Loan of Rs. 583,041 as on March 31, 2018 of HDFC Bank Limited is secured by way of hypothecation of car at the rate of 9.35%.

Sub Note: 1

Inventories as on 31st March, 2018 have been taken as certified by management; the same had been also physically verified on 31st March, 2018.

Sub Note: 1

Outstanding Balances of Trade Receivables as on 31st March, 2018 are taken as certified by management. The same is subject to reconciliation and confirmations.

Sub Note: 1

Advances to related parties includes advances given to subsidiary companies for business expediency. Sub Note: 2

Advance for capital goods and Advance to supplier includes advances given without any security.

Earning Per share is calculated by dividing the Profit/(Loss) attributable to the Equity Shareholders by the weighted average number of Equity Shares outstanding during the year. The numbers used in calculating basic and diluted earning per Equity Share as stated below

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

2 As informed to us, the Contingent Liability is NIL

3 Previous year’s figures have been regrouped and rearranged wherever necessary.

4 Related Party Disclosures:

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below:

i) List of Related parties where control exists and related parties with whom transactions have taken place and relationships:

Sub Note: 1

In the above table, where the transaction is related to shares, it is mentioned in number of shares.

5 Segment Reporting

The Company have not any business segment or geographical segment other than the one i.e. Dealing in seeds. Therefore, the Accounting Standard 17 “Segment Reporting” is not applicable.

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