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ELCID INVESTMENTS LTD.

22 November 2024 | 12:00

Industry >> Finance & Investments

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ISIN No INE927X01018 BSE Code / NSE Code 503681 / ELCIDIN Book Value (Rs.) 584,225.20 Face Value 10.00
Bookclosure 28/08/2024 52Week High 332400 EPS 8,786.77 P/E 27.56
Market Cap. 4843.48 Cr. 52Week Low 4 P/BV / Div Yield (%) 0.41 / 0.01 Market Lot 1.00
Security Type Other

NOTES TO ACCOUNTS

You can view the entire text of Notes to accounts of the company for the latest year
Year End :2015-03 
These are consistent with the generally accepted accounting practices.

Previous year's figure have been regrouped and reclassified, wherever considered necessary to confirm to the current year's classification and presentation.

1. Contingent Liabilities

Contingent Liability of Rs. 60 Lacs (Previous Year Rs. 80 lacs) on account of partly paid investments in Mutual Fund units of India Business Excellence Fund-11.

2. Tax amounting to Rs. 2,06,022/- (Previous Year Rs. 13,68,233/-) has been deducted at source on income from interest.

3. The company has changed the method of depreciation from W.D.V. basis to S.L.M. basis, accordingly, a sum of Rs. 55,190/- is less charged to depreciation.

4. The activity of the Company is that of investment only hence, AS-17 is not required to be mentioned.

5. Prior period item includes amounts received from JM Financial Property Fund of Rs. 4,45,396/- comprising of interest of Rs.45130, Dividend of Rs.27310, Long Term Capital Gain of Rs.372773 and Short Term Capital Gain of Rs. 183.

6. No interest income is provided in current year on loan of Rs 60,00,000 given to RG Industries Private Limited as the recovery is subject to confirmation. Provision of interest income made till March 31, 2014 amounts to Rs 27,00,000/-.

SUBSIDIARIES:

1. Suptashwar Investments and Trading Co. Ltd.

2. Murahar Investments and Trading Co. Ltd.

KEY MANAGEMENT PERSONNEL:

Mr. Varun A. Vakil

DIRECTORS:

Shri. Amar A. Vakil, Shri. Bharat B. Talati, Shri. Mahesh C. Dalai, Shri Varun A. Vakil, Miss Nehaf A. Vakil, Ketan C. Kapadia.

RELATIVES OF KEY MANAGEMENT PERSONNEL:

Shri. Abhay Vakil

COMPANIES CONTROLLED BY DIRECTORS / RELATIVES:

Asian Paints Ltd, Resins & Plastic Ltd., Pragati Chemicals Ltd, Lambodar Investments & Trdg. Co. Ltd., Sapan Invt. Pvt. Ltd., Murahar Invt. & Trdg. Co. Ltd., Suptashwar Invt. & Trdg. Co. Ltd., Asteroids Trading & Invt. Pvt. Ltd., Nehal Trading & Invt. Pvt. Ltd., Vikatmev Containers Ltd., Jalaj Trading & Invt. Co. Pvt. Ltd., Sadavani Invt. & Trdg. Co. Pvt. Ltd.

Related Party relationship is as identified by the Company and relied upon by the Auditors.

7. Disclosure under Part II of Schedule III of the Companies Act, 2013 have been mad.e to the extent applicable to the company.