Mobile Nav

Market

NOTES TO ACCOUNTS

ANI Integrated Services Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 24.22 Cr. P/BV 0.63 Book Value (₹) 39.81
52 Week High/Low (₹) 79/21 FV/ML 10/1200 P/E(X) 4.63
Bookclosure 21/08/2018 EPS (₹) 5.40 Div Yield (%) 2.00
Year End :2018-03 

1. General Information

Ani Integrated Services Limited (the "Company") is engaged in the business of manpower deputation to the organized sector for providing engineering services such as Erection and Installation of Electrical / Instrumentation / Mechanical Turnkey Projects, Operation and Maintenance, Commissioning Assistance and Shutdown services.

The company has been converted into a Public Limited company and has changed its name from ANI Instruments Pvt. Ltd. To ANI Integrated Services Limited and obtained a fresh Certificate of Incorporation dated 28th September 2017. The equity share of the Company got listed on National Stock Exchange of India Limited ("NSE") w.e.f. 20th November 2017.

2. Management Disclosure Notes

1. During the year the Company has issued 70,00,000 Bonus Shares in the ratio of 7:1 to the existing shareholder of the Company amounting to Rs. 7,00,00,000/

2. On 10th November, 2017 a fresh issue of 16,87,200 equity shares of face value of Rs.10 each for cash at a price of Rs.100 per equity share by way of an initial public offering.

3. There are no shares reserved for issue under options.

4. There are no shares bought back by the company during the period of five years immediately preceeding the year ended 31st March, 2018

5. There are no securities that are convertible into equity / preference shares.

Notes

1. Axis Bank Limited CC A/c No. 915030054273261 : Sanction limit of Rs.12 Crores ( Rs.5 Crores Funded and Rs.7 Crores Non Funded). During the current financial year company has repaid the Working capital of Rs.5 Cores.

Terms of Repayment

Collections from Book Debts, Other Receivables

Descriptive Note

Cash Credit with bank has been secured by Hypothecation of Book Debts with 40% margin on receivables upto to 90 days. The cash credit is further collaterally secured by Equitable / Register Mortgage created on Gala No. 37 and 38, Hasti Industrial Premises Co Op Soc Limited, Plot no. R-798, TTC Industrial Area, Mahape and Shop no. 2, Bhoomi Symphony, Plot No. 16, Sector - 20, Koparkhairne, Navi Mumbai owned by CMD Mr. Navin Nandakumar Korpe and personal gaurantees of Directors.

Mr. Navin Nandakumar Korpe

Mrs. Anita Navin Korpe

Mr. Akshay Korpe

Mr. Kedar Korpe

Note 3 (a) EMPLOYEE BENEFITS - GRATUITY (Un-funded)

The following tables summarize the components of the net employee benefit expenses recognised in the Statements of Profit and Loss the fund status and the amount recognised in the Balance Sheet for the Gratuity.

4. Utilisation of IPO proceeds

A) Amount utilized for share issue expenses:

A) Amount utilized for share issue expenses include payment made to merchant bankers, consultants and registrar towards Initial public offering of shares.

5. Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. NIL

6. Balance of debtors, creditors, loans and advances and other current assets are subject to confirmation, reconciliation and adjustments, if any.

7. Sundry Debtors include amounts recorded based on actual invoices raised on customers and Billing in excess of revenue has been shown under Other Current Liabilities after calculation of revenue in terms of AS 7.

8. In the opinion of the board, value on realization of debtors, loans and advances and other current assets in the ordinary course of business will not be less than the amount stated in the balance sheet.

9. There are no long term contracts as on 31.03.2018 including derivative contracts for which there are any material foreseeable losses.

10. In the opinion of the board, provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

11. Figures of previous years have been regrouped, rearranged and reclassified wherever necessary to confirm the current period's classification.

Attention Investors :
Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .......... Issued in the interest of investors
Attention Investors :
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day......................issued in the interest of investors.
Attention Investors :
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Attention Investors :
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
“Investment in securities market are subject to market risks, read all the related documents carefully before investing”.