Testimonials

 
 

Services

 
 

Customer Care - 033 6606 3000 / 1860 420 3333
<< Prices as on Sep 19, 2018 >>      ABB India  1436.5 [ -0.33% ]     ACC  1562.35 [ -0.47% ]     Ambuja Cements Ltd.  225.05 [ 0.76% ]     Asian Paints Ltd.  1289.35 [ -0.14% ]     Axis Bank Ltd.  609.2 [ 0.12% ]     Bajaj Auto Ltd.  2795.3 [ 0.70% ]     Bank of Baroda  116.3 [ 2.51% ]     Bharti Airtel  369.7 [ -1.03% ]     Bharat Heavy Ele  74.6 [ 1.22% ]     Bharat Petroleum  365.1 [ 2.86% ]     Britannia Ind.  5956.3 [ -1.72% ]     Cairn India Ltd.  285.4 [ 0.90% ]     Cipla  659.45 [ -0.42% ]     Coal India  280.55 [ 2.60% ]     Colgate Palm.  1117.15 [ -0.04% ]     Dabur India  465.75 [ -0.80% ]     DLF Ltd.  201.3 [ -0.76% ]     Dr. Reddy's Labs  2603.65 [ 0.65% ]     GAIL (India) Ltd.  384.25 [ 2.55% ]     Grasim Inds.  1067.05 [ -0.01% ]     HCL Technologies  1087.35 [ 0.48% ]     HDFC  1831.15 [ -1.35% ]     HDFC Bank  1961.95 [ -1.58% ]     Hero MotoCorp  3142.35 [ 0.99% ]     Hindustan Unilever L  1648.9 [ -1.04% ]     Hindalco Indus.  235.95 [ 0.73% ]     ICICI Bank  320.85 [ 0.67% ]     IDFC L  48 [ -2.14% ]     Indian Hotels Co  128.5 [ 0.00% ]     IndusInd Bank  1804.6 [ -3.05% ]     Infosys  720.4 [ 0.17% ]     ITC Ltd.  299.65 [ -0.97% ]     Jindal St & Pwr  232.6 [ 1.39% ]     Kotak Mahindra Bank  1227 [ 0.88% ]     L&T  1332.25 [ 0.27% ]     Lupin Ltd.  909 [ -2.23% ]     Mahi. & Mahi  947.3 [ 0.00% ]     Maruti Suzuki India  8207 [ -2.30% ]     MTNL  15.65 [ 0.00% ]     Nestle India  10152.7 [ -1.24% ]     NIIT Ltd.  89.8 [ -1.43% ]     NMDC Ltd.  118.05 [ -0.63% ]     NTPC  169.1 [ -0.35% ]     ONGC  176.65 [ 1.90% ]     Punj. NationlBak  79.3 [ 0.00% ]     Power Grid Corpo  198.15 [ -0.25% ]     Reliance Inds.  1210.3 [ -0.57% ]     SBI  271.4 [ -0.95% ]     Vedanta  230 [ -0.04% ]     Shipping Corpn.  49.7 [ -1.09% ]     Sun Pharma.  647.3 [ 0.78% ]     Tata Chemicals  739.25 [ -0.05% ]     Tata Global Beverage  234.45 [ -0.09% ]     Tata Motors Ltd.  252.7 [ 0.50% ]     Tata Steel  620.45 [ 1.31% ]     Tata Power Co.  75.45 [ 1.34% ]     Tata Consultancy  2076.9 [ 0.33% ]     Tech Mahindra Ltd.  769.9 [ 1.98% ]     UltraTech Cement  4050.3 [ -0.27% ]     United Spirits  560.7 [ -1.24% ]     Wipro Ltd  332.75 [ 0.08% ]     Zee Entertainment En  451.9 [ -2.44% ] BSE Prices delayed by 5 minutes... BSE NSE
Search Company 
D & H India Ltd.
Market Cap. (Rs.) 11.43 Cr. P/BV 0.38 Book Value (Rs.) 40.82
52 Week High/Low (Rs.) 39/13 FV/ML 10/1 P/E(X) 60.35
Bookclosure 29/09/2018 EPS (Rs.) 0.26 Div Yield (%) 0.00
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2015-03 1) General information

D & H India Limited is engaged in Manufacturing business primarily dealing in Welding Electrodes & Consumables, C02 Wire, M Core Wire, Flux Powder, Flux cored Wire, Stainless Steel Wire & other similar activities. The company has manufacturing plants in India and sells primarily in India.

The company is a public limited company incorporated and domiciled in India and has its registered office at Mumbai, Maharastra, India. Its shares are listed on the Bombay Stock Exchange Ltd. (BSE).

2. Terms/Rights attached to equity Shares

Equity Shares: The company has one class of equity shares having par value of Rs.10 per share. Each share holder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

3. Nil Equity Shares were issued in the last 5 years under the Employee Stock Options Plan as consideration for services rendered by employees.

4. Capital Reserves Includes Capital subsidy received from DIG as per terms & agreement for the period from 17.03.2011 to 16.03.2016.

5 Deferred Tax Assets and Deferred Tax Liabilities have been offset as they relate to the same governing taxation laws.

6. Working capital limit are secured by hypothecation of present and future stock of raw materials, stock- inprocess, finished goods, stores and spares (not relating to plant and machinery), book debts. & Personal Guarantee of Mr. Harsh Vora& Mr. Madhusudan Jain.

7. Unsecured Loan Taken from Directors are from thier owned fund & Maximum tenure of repayment is within six month.

8. In the absence of information from suppliers of their status being small scale/ ancillary undertakings amount overdue and interest payable there on cannot be quantified.

9. Other Paybles Includes Statutory Liabilities .Advance received from customers & Security Deposits from Dealer.

10. Other Short term provisions includes the diff. of excise duty on opening & closing stock of finished goods.

11. During the Year company commences production at Durg (Chhattisgarh). Hence Capital Work In Progress Converted into Fixed Assets

12. Intangible Assets underdevelopment include SAP under development.

13. Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II. Accordingly the unamortised carrying value is being depreciated over the remaining useful lives. The written down value of Fixed Assets whose lives have expired as at 1st April 2014 have been adjusted net of tax, in the opening balance of Profit and Loss Account amounting to Rs. 3216888

14. Fixed Deposit maintained by the company with bank, which can be withdrawn by the company at any point of time.

15. 'Other Loans and advances includes Advance to Vendors / Service Providers.

16. As per Accounting Standard 15 "Employee benefits", the disclosures as defined in the Accounting Standard are given below:

a) Short Term Employee Benefits

All employee benefits payable wholly within twelve months of rendering the service are classified as short-term employee benefits. Benefits such as salaries, wages, and short term compensated absences, etc. are recognized in the period in which the employee renders the related services.

b) Long Term Benefits Defined Contribution Plans :

The Employee State Insurance Scheme and Contributory Provident Fund administered by Provident Fund Commissioner are defined contribution plans. The Company's contribution paid/payable under the schemes is recognized as expense in the profit and loss account during the period in which the employee renders the related service.

Employers Contribution to Provident fund & ESI 46,45,667 40,61,684

Defined Benefit plans :

a. The employees' gratuity fund scheme managed by Life Insurance Corporation of India for the Company is a defined benefit plan. During the year company paid amount Rs. 358319/- for future gratuity benefits of the employees of company.

b. Benefit related to the Leave Encashment company made provision amounting Rs. 886185/- as per the policy of the company.

17. Interest expenses is net of Interest Subsidy received from DIG Dhar for Ghatabillod Unit amounting to Rs. C.Y.561025 /- P.Y. 250297/-

18. The Excise duty related to the difference between the closing stock and opening stock Rs.(10,33,596)/- (Previous Year Rs. (69,09,789/-) has been shown in other manufacturing expenses and excise duty related to sales amounting to Rs.8,43,54,388/- .(Pr.Yr. Rs.8,16,60,741/-) has been reduced from gross sales.

19. Related Party Disclosures

In accordance with accounting standard 18 " Related Party Disclosure" issued by the Institute of Chartered Accountant of India, the Company has compiled the required information is as under

Subsidiary Company

V & H Fabricators Pvt. Ltd.(Wholly Owned)

Commonwealth Mining Private Limited Key Managerial Persons

Shri Harsh Kumar Vora (Managing Director)

Shri Madhusudan Jain (Whole Time Director)

Shri Saurabh Vora (Whole Time Director w.e.f 01/10/2014)

Smt. Atithi Vora (Whole Time Director w.e.f 01/10/2014)

Shri Sanat Jain (Chief Financial Officer)

Shri Rajesh Sen ( Company Secretary)

Enterprises Over which Key Managerial Person are able to Exercise Significant Influence

Vora Wires Industries (India) Limited Corna Infra Limited

V & H Infra Pvt. Ltd.

Relative Of Key Managerial Person

Shri Saurabh Vora

Smt. Atithi Vora

20. Various items included under the head Current Assets, Loan & Advances, as well as Current liabilities are subject to confirmation / reconciliation.

21. In the opinion of the Management, the value on realization of loans and advances, and other current assets will be at least equal to the amounts stated in the books of accounts, if realized in the ordinary course of the business.

22. Amortization of lease hold land is not being done as the same is on perpetual lease.

23. Segment Reporting

a) Business Segment:

The Company is mainly engaged in the business of welding consumables. All other activities of the Company revolve around the main business and as such there is no separate reportable business ' segment.

b) Geographical Segment:

Since all the operations of the Company are conducted within India as such there is no separate reportable geographical segment.

24. Contingent Liabilities & Commitments(To the Extent not provided for)

i Guarantees given on behalf of the company           -        3,15,400

ii CST Demand (in appeal)                     22,94,412       19,04,426

iii Entry Tax Demand (in appeal)                 65,224        4,00,987

Total                                         23,59,636       26,20,813
25. Some of the cases are pending before the Hon'ble courts but management believes that the ultimate outcome of these proceedings will not have a material adverse effects on the Company's financial position and results of operation.

26. These financial statements have been prepared in the format prescribed by the revised Schedule III to the companies Act 2013. Previous period figures have been recasted/ restated to confirm to the current period Figures have been rounded off to the nearest Rupee.

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 authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.    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.
Prevent unauthorised Trading / transactions in Your Account:
Update your email ID and Mobile Number with your Stock Broker and Depository Participant to receive alerts for all important transactions in your account directly from NSE and NSDL. Issued in the interest of the Investors….
Achiievers Equities Ltd (AEL) Member of NSE, BSE and MCX-SX
Reg. Office: 32/A, Diamond Harbour Road, Shakerbazar, Kolkata 700008 Tel: 033 2445 6442/66063000 Fax: 033 6606 3041
Email: info@achiieversequitiesltd.com , customer.care@achiieversequitiesltd.com
NSE Registration Nos.: NSE (Cash) : INB231395832 ; NSE (F&O) : INF231395832 ; NSE (Currency) : INE231395832 ; BSE (Cash) : INB011395838 ; BSE (F&O) : INF011395838 ; BSE(Currency) : INE011395838 | DSE Registration Nos. : INB051395839 | USE Registration Nos. : INE271395837
Achievers Commercial Pvt Ltd (ACPL) Members of MCX, ACE and NSEL. | SEBI Registration No. INZ000050830 | ACE: ACEL/TMC/CORP/0194 | NSEL: 40020 | SCORES
Support