Annual Report: 2023
Taparia Tools Ltd. Annual Report 2022-2023 Summary:
Company Overview: Taparia Tools Ltd. is an ISO-9001 company primarily engaged in the manufacturing and trading of hand tools. Its manufacturing facilities are located in Nashik and Goa, and its equity shares are listed on the Bombay Stock Exchange (BSE).
Key Financial Highlights (FY 2022-2023):
Dividend: The directors recommend a final dividend of ₹77.50 per equity share (face value of ₹10), subject to member approval. An interim dividend of ₹77.50 per equity share was already paid on March 28, 2023.
Bonus Issue: The directors recommend a bonus issue in the ratio of 4:1 (four new equity shares for every one existing equity share).
Board of Directors:
Corporate Governance: The company is committed to following best practices in corporate governance. A report on corporate governance is included in the annual report, along with a certificate from the auditor regarding compliance. The company has dematerialized 79% of promoter shareholding. No public deposits were accepted during the financial year.
Corporate Social Responsibility (CSR): The company has a CSR committee and policy. They contributed ₹129.25 Lakh towards various trusts engaged in activities specified in Schedule VII of the Companies Act 2013.
Risk Management: The Board of the Company has framed a risk management policy and monitors the risk management plan for the Company, ensuring its effectiveness.
Vigil Mechanism: The company has a Vigil Mechanism policy in place for directors and employees to report genuine concerns.
Auditor's Report: The auditor's report indicates that the financial statements present a true and fair view of the company's affairs.
Other Key Points:
E-voting: The report provides detailed instructions for shareholders to participate in e-voting and virtual meetings.
Materiality: Information is considered material if its omission or misstatement could influence the economic decisions of users of the financial statements.
Noteworthy Ratios: The report provides detailed calculations of various key ratios including Current Ratio (10.33%), Return on Equity Ratio (-2.30%), Inventory Turnover Ratio (-20.10%)
Registered Office: 52 & 52B, MIDC Area, Trimbak Road, Satpur, Nashik – 422 007 (Maharashtra).
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