Testimonials

 
 

Services

 
 

Customer Care - 033 6606 3000 / 1860 420 3333
<< Prices as on Aug 17, 2018 >>      ABB India  1227 [ 2.35% ]     ACC  1592.85 [ 2.11% ]     Ambuja Cements Ltd.  228.75 [ 1.83% ]     Asian Paints Ltd.  1399.8 [ 0.54% ]     Axis Bank Ltd.  627.1 [ 0.52% ]     Bajaj Auto Ltd.  2660.9 [ -0.23% ]     Bank of Baroda  146 [ 2.17% ]     Bharti Airtel  371.25 [ -0.22% ]     Bharat Heavy Ele  73.85 [ 2.00% ]     Bharat Petroleum  377.5 [ -0.13% ]     Britannia Ind.  6617.05 [ 2.01% ]     Cairn India Ltd.  285.4 [ 0.90% ]     Cipla  648.15 [ 0.12% ]     Coal India  281.2 [ -0.44% ]     Colgate Palm.  1141.65 [ 0.04% ]     Dabur India  455.45 [ 2.37% ]     DLF Ltd.  210.1 [ 1.57% ]     Dr. Reddy's Labs  2363.35 [ 0.66% ]     GAIL (India) Ltd.  387.25 [ -1.64% ]     Grasim Inds.  1044.2 [ 4.52% ]     HCL Technologies  1003.45 [ 0.75% ]     HDFC  1883.6 [ -0.39% ]     HDFC Bank  2077.25 [ 0.08% ]     Hero MotoCorp  3248.6 [ -1.14% ]     Hindustan Unilever L  1780.8 [ 2.63% ]     Hindalco Indus.  219.65 [ 1.57% ]     ICICI Bank  340.05 [ 1.67% ]     IDFC L  52.05 [ 4.41% ]     Indian Hotels Co  127.3 [ 2.79% ]     IndusInd Bank  1989.65 [ 0.33% ]     Infosys  1431.35 [ 0.42% ]     ITC Ltd.  313.75 [ 2.27% ]     Jindal St & Pwr  198.6 [ 3.44% ]     Kotak Mahindra Bank  1262.95 [ 1.45% ]     L&T  1240.3 [ 0.60% ]     Lupin Ltd.  879.35 [ 3.53% ]     Mahi. & Mahi  961 [ 1.24% ]     Maruti Suzuki India  9148.3 [ -0.58% ]     MTNL  15.1 [ 1.00% ]     Nestle India  10875.35 [ 0.07% ]     NIIT Ltd.  92.15 [ 0.93% ]     NMDC Ltd.  104.35 [ 2.81% ]     NTPC  157.95 [ -0.19% ]     ONGC  163.1 [ -0.61% ]     Punj. NationlBak  83.45 [ 2.14% ]     Power Grid Corpo  187.2 [ -0.05% ]     Reliance Inds.  1203.45 [ 0.27% ]     SBI  302 [ 3.18% ]     Vedanta  215 [ 3.09% ]     Shipping Corpn.  57.75 [ -0.09% ]     Sun Pharma.  623.3 [ 0.60% ]     Tata Chemicals  708.3 [ 1.91% ]     Tata Global Beverage  242.15 [ 1.28% ]     Tata Motors Ltd.  257.35 [ 2.47% ]     Tata Steel  580.6 [ 2.20% ]     Tata Power Co.  68.65 [ 2.16% ]     Tata Consultancy  2011.85 [ 0.15% ]     Tech Mahindra Ltd.  686.8 [ 2.95% ]     UltraTech Cement  4281.7 [ 1.64% ]     United Spirits  638.9 [ 1.86% ]     Wipro Ltd  279.6 [ -0.09% ]     Zee Entertainment En  504.35 [ 0.63% ] BSE Prices delayed by 5 minutes... BSE NSE
Search Company 
Aananda Lakshmi Spinning Mills Ltd.
Market Cap. (Rs.) 1.08 Cr. P/BV -0.05 Book Value (Rs.) -62.66
52 Week High/Low (Rs.) 6/3 FV/ML 10/1 P/E(X) 0.00
Bookclosure 29/09/2017 EPS (Rs.) 0.00 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 :2014-03 1. Term Loans refered at (a) and (b) above are secured by mortgage of fixed assets present and future of the company on first charge pari passu basis and guaranteed by four Directors of the Company.

2. Working capital term loans referred at (c) and (d) above are Secured by way of hypothecation of Raw materials, Stock-in-process, finished goods and stores and spares and book debts of the Company and also secured by way of second charge on fixed assets of the company on pari passu basis and guranteed by four Directors of the Company.

3. Working Capital Loans refered above (i) to (ii) are Secured by way of hypothecation of Raw materials, Stock-in-process, finished goods and stores and spares and book debts of the Company and also secured by way of second charge on fixed assets of the company on pari passu basis and guranteed by four directors of the company.

4. The Company was incorporated on 21.03.2013. Previous years figures are not available since this is the first year of operations

5. (1) A Scheme of arrangement under Section 391-394 of the Companies Act, 1956 was approved by the shareholders of Suryavavanshi Spinning Mills Limited (SVSML) on 24th May 2014 , for demerger of Spinning unit at Bhongir, Nalgonda District, Telangana, into Aananda Lakshmi Spinning Mills Ltd (ALSML) and Spinning unit at Rajna,Pandhurna Taluq, Chindwara District, Madhya Pradesh - and Garment manufacturing Units at Aliabad, Medchal, Rangareddy District, Telangana and at Bhongir, Nalgonda District, Telangana, into 'Sheshadri Industries Ltd (SIL) and retaining Spinning unit at Aliabad, Medchal Taluq, Ranga Reddy District, Telangana and Medical Textile Unit with 'Suryavanshi Spinning Mills Ltd'.As per the Scheme of Arrangement sanctioned by the Hon'ble High Court of Andhra Pradesh and Telangana at Hyderabad , 34,49,270 equity shares of Rs. 10 each was allotted to shareholders of Suryavanshi Spinning Millls Limited.

(2) A) In terms of Scheme of Arrangement (the Scheme) under sections 391-394 of the Companies Act 1956, which was sanctioned by the Hon'ble High Court on 30th July 2014. The Spinning unit at Bhongir, Nalgonda District, Telangana ( here in after called Undertaking-1) stand demerged from Suryavanshi Spinning Mills Limited and vested into the company as a going concern so as to become as and from the Appointed Date (1st April 2013) the estate, assets, claims, title, interest etc of Undertaking-I,to the company. The Scheme became effective from 21st August, 2014.

B) The Scheme also provides for transfer of the assets and liabilities of the Spinning unit at Bhongir, Nalgonda District, Telangana , the legal proceedings ,the employees, employee related benefits and all contracts and agreements in relation to Undertaking-1, to the Company.

6. In consideration of the Demerger of the Spinning unit at Bhongir, Nalgonda District, Telangana , from Suryanvanshi Spinning Mills Limited to the company, the company has allotted 34,49,270 fully paid up equity shares of the Company Rs. 10 each, aggregating to Rs.3,44,92,700, to the share holders of Suryavanshi Spinning Mills Limited whose names were recorded in the register of members of Suryavanshi Spinning Mills Limited on 28th August , 2014 (the record date), in the ratio of 26 equiity shares of the company of Rs.10 each credited as fully paid upfor every 100 shares of Rs.10 each fully paid up held by such members in Suryavanshi Spinning Mills Limited in the same proportion in which shares are held by them in Suryavanshi Spinning Mills Limited.

7. Contingent Liabilities not provided for

a) Against Foreign Bills Discounted                              326.01

b) Against Foreign and Inland Letter of credit                   850.00
c) Demand from Sales Tax Department, Andhra Pradesh 3.40 in connection with levy of purchase tax on polyster stable fibre from Reliance Industries Limited, levy of tax on work contract receipts and withdrawal of deferment availed by the company for the year 2001-02. AP Sales Tax Appellate Tribunal set aside the order passed by the Sales Tax Authorities. The Department has challenged the said order before the Hon'ble High Court of AP and the same is pending.

d) Bharat Petroleum Corporation Limited filed a civil 40.28 suit before Addl.Chief Judge City Civil Court, Secunderabad, against the company for alleged deferential sales tax dues on purchase of HSD and furnace oil made by the company during the financial years 1996-97 & 1997-98.

e) M/s.Suryavanshi Textiles Ltd was amalgamated with Suryavanshi Spinning Mills Limited vide scheme of merger sanctioned by Board for Industrial and Financial Reconstruction (BIFR) under the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 with effect from 0 1-04-2007.The scheme incorporates certain reliefs and concessions for consideration by income tax department including exemption from applicability of MAT u/s.115JB of the Income Tax Act, 1961 for a period of five years from 0 1-04-2007.The company is pursuing the matter with the authorities concerned for the said reliefs as per the scheme of merger and liability under MAT u/s I 15JB of Income Tax Act 1961 including intereest as per assessment orders is Rs.41 lacs and Rs.443 lacs for the assessment years 2010- 11 and 2011-12 respectively. In the event of the liability being chrystalized,the liability shall be shared by Suryavanshi Spinning Mills Limited (Demerged Company), Aananda Lakshmi Spinning Mills Limited (Resulting Company -1) and Sheshadri Industries Limited (Resulting Company - II) equally, since the Company Demerged on 01.04.2013 (Appointed Date) as per the Scheme of Arrangement approved by Hon'ble High Court at Hyderabad. However, the relief sought by the company was heard by BIFR and the proceedings are awaited.

8. During the year 2005-06, the company recognized an income of Rs.293.58 lakhs being export incentive under the Target Plus Scheme in terms of the then prevailing Foreign Trade Policy. The Govt., of India, Ministry of Commerce vide their Notification No.8 (RE-2006)/ 2004-09 dated 12.06.06 retrospectively reduced the benefit of entitlement from 15% to 5% on the exports effected since 01.04.2005. The company has since received duty free credit entitlement for Rs.96.42 lakhs @ 5% and for the balance 10%, the Company has contested before the Hon'ble High Court at Mumbai for the restrospective reduction of the export incentive by the Government of India. The High Court has granted an interim stay of the notification and the matter is pending for final orders.

9. Segment reporting is not applicable since the Company operates in single segment i.e., Textile product

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
Support