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Stovec Industries Ltd.

BSE

Jul 28, 04:01
2545.60 +27.80 (+ 1.09 %)
 
VOLUME : 435
PREV. CLOSE
2517.80
OPEN PRICE
2435.00
TODAY'S LOW / HIGH
2435.00
 
 
 
2555.30
BID PRICE(QTY.) 0.00 (0)
OFFER PRICE (Qty.)
0.00 (0)
52 WK LOW / HIGH
1860.00
 
 
 
2889.00
Stovec Industries Ltd. is not traded in NSE

Notes to Accounts

Market Cap.(`) 531.53 Cr. P/BV 5.91 Book Value (`) 430.62
Bookclosure 11/05/2017 FV/ML 10/1 P/E(X) 21.31
EPS (`) 119.47 Div Yield (%) 1.22
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2016-12 

1) Related party disclosure:

Related party disclosure as required by AS-18,"Related Party Disclosure", is given below:

I. Parties where control exists:

Related Party __Relationship_

SPGPrints B.V.__Holding Company_

SPGPrints Group B.V.__Holding Company of SPGPrints B.V.

Print II B.V.__Ultimate Holding Company_

Atul Sugar Screens Private Limited Wholly-owned Subsidiary

II. Fellow Subsidiaries where common control exists and transactions have taken place:

- SPGPrints Printing Systems Wuxi Co Ltd.

- SPGPrints Austria GMBH

- Veco B.V.

- SPGPrints Brasil Ltda.

- SPGPrints Mexico S.A. De C.V

III. Key Management Personnel:

Mr. Shailesh Wani Managing Director

c) Other Disclosure

1 Segment have been identified in line with the Accounting Standard -17 "Segment Reporting" taking into account the organization structure as well as the differing risks and returns.

2 Company has disclosed business segment as the primary segment.

3 Composition of business Segment:

Name of Segment__Comprises_

Textile Consumables and Textile Perforated Rotary Screens, Lacquer & Auxiliary Machinery Chemicals, Rotary Screen Printing Machine,

Engraving Equipment, Components and Spares,

__Digital Ink_

Graphics Product__Anilox Rollers, Rotamesh screens and RotaPlate

Galvanic Galvano consumables

2) Leases

Operating Lease : As a Less or

The Company has given Land and Building on operating lease. This lease arrangement is for a period of 7 years and it is non-cancellable. This lease is renewable for the further period on mutually agreeable terms:

Operating Lease : As a Lessee

The Company has entered into cancellable lease agreements for premises for a period of one year. The lease rentals aggregating Rs. 1,681,800 (Previous Year Rs. 384,000) have been included under the head "Other Expenses" Note 27 "Rent" of Statement of Profit and Loss.

3) Previous year figures have been reclassified to conform to this year's classification.

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