Financial Year: 2021
The document is a standalone financial statement for SPRAY ENGINEERING DEVICES LIMITED (SEDL) for the period 01/04/2020 to 31/03/2021, with comparative figures for 01/04/2019 to 31/03/2020. The presentation currency is Indian Rupees (INR). The document includes general company information, director’s report, auditor’s report, balance sheet, statement of profit and loss, cash flow statement, and notes to the accounts.
General Company Information:
Principal Product/Service Turnover:
Subsidiaries and Associates:
Directors' Report Highlights:
Directors' Responsibility Statement: The directors confirm that applicable accounting standards have been followed, appropriate accounting policies were selected and applied, proper care was taken for maintaining adequate accounting records, and the Annual Accounts were prepared on a going concern basis.
Auditor's Report & Qualifications:
Financial Performance (Standalone, in Lakhs):
| Particulars | 2020-21 | 2019-20 | | :------------------------------ | :------ | :------ | | Revenues from Operations (Net) | 11056 | 7263 | | Other Income | 75 | 257 | | Total Revenue | 11131 | 7520 | | EBITDA | 1305 | -1802 | | Depreciation and Amortization | 247 | 246 | | Profit/ (Loss) before Tax | 466 | -2726 | | Tax Expense | 0 | 0 | | Profit after Tax | 466 | -2726 |
Share Capital:
Loans, Guarantees and Investments: The company has granted interest-free unsecured loan to its subsidiary, SED Engineers & Fabricators Private Limited. No new investment has been done during the FY 2020-21.
Risk Management: The company has formulated a risk management policy.
Corporate Social Responsibility: The provisions of Section 135 of the Companies Act, 2013 were not applicable to the company during the financial year.
Significant Ratios Equity shares have par value of 10.
Composition of Audit Committee: Includes Mr. Shridhar Venkatesh (Nominee Director), Mr. Ramit Gupta (Independent Director), and Mr. Prateek Verma (Wholetime Director).
Disclosure on Loans: Company has granted interest free unsecured loans to its subsidiary, SED Engineers and Fabricators Private Limited. Provision has been made for doubtful advances
Foreign Exchange Earnings and Outgo:
Directors and KMP: Vivek Verma (Managing Director), Prateek Verma (Whole Time Director) and Shridhar Venkatesh (Nominee Director) and Ramit Gupta.
The summary is exhaustive, captures all critical data points, and reflects the logical structure of the financial statement, focusing on key performance metrics, company status, and actionable insights related to subsidiaries, auditor's qualifications, and future outlook.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
