Market
BSE Prices delayed by 5 minutes... << Prices as on Sep 21, 2026 - 9:10AM >>  ABB India  7256.55 [ 0.30% ] ACC  1276 [ 0.85% ] Ambuja Cements  392.85 [ 0.08% ] Asian Paints  2440 [ 1.46% ] Axis Bank  1240.9 [ 0.00% ] Bajaj Auto  11444 [ -0.49% ] Bank of Baroda  236.3 [ 0.64% ] Bharti Airtel  1855 [ -0.59% ] Bharat Heavy  433.95 [ -0.01% ] Bharat Petroleum  313.65 [ 2.00% ] Britannia Industries  4970 [ -0.92% ] Cipla  1384.7 [ 0.97% ] Coal India  410.65 [ -0.29% ] Colgate Palm  1909.9 [ 1.32% ] Dabur India  389.15 [ 1.16% ] DLF  643.7 [ 2.00% ] Dr. Reddy's Lab.  1186.2 [ 1.29% ] GAIL (India)  174 [ 1.16% ] Grasim Industries  3185.15 [ 0.45% ] HCL Technologies  1250 [ 0.97% ] HDFC Bank  731.7 [ 0.36% ] Hero MotoCorp  5302.1 [ 0.04% ] Hindustan Unilever  1930.95 [ -0.21% ] Hindalco Industries  991.45 [ 2.00% ] ICICI Bank  1348 [ 0.82% ] Indian Hotels Co.  743 [ 1.47% ] IndusInd Bank  968.9 [ 1.23% ] Infosys  1042.85 [ -0.70% ] ITC  263 [ 0.31% ] Jindal Steel  1124.85 [ 0.00% ] Kotak Mahindra Bank  414.65 [ 0.45% ] L&T  3899 [ 1.01% ] Lupin  2091 [ -2.50% ] Mahi. & Mahi  3041 [ -0.39% ] Maruti Suzuki India  12250 [ 0.86% ] MTNL  23.95 [ 0.71% ] Nestle India  1353.1 [ 0.00% ] NIIT  91.5 [ -0.27% ] NMDC  79.7 [ 0.00% ] NTPC  324.1 [ 0.03% ] ONGC  233 [ 0.22% ] Punj. NationlBak  117 [ -0.17% ] Power Grid Corpn.  268.1 [ -0.70% ] Reliance Industries  1232.35 [ -0.13% ] SBI  995 [ 0.53% ] Vedanta  264.6 [ 1.28% ] Shipping Corpn.  277.1 [ 0.00% ] Sun Pharmaceutical  1837.3 [ 0.10% ] Tata Chemicals  692 [ -0.22% ] Tata Consumer  1002 [ -0.08% ] Tata Motors Passenge  302 [ -0.59% ] Tata Steel  183.8 [ -0.51% ] Tata Power Co.  366 [ -2.35% ] Tata Consult. Serv.  2106 [ 0.24% ] Tech Mahindra  1530 [ -0.05% ] UltraTech Cement  11060 [ 3.66% ] United Spirits  1376.6 [ -0.96% ] Wipro  166.95 [ 0.57% ] Zee Entertainment  79.05 [ 0.57% ] 
Bil Energy Systems Ltd. Notes to Accounts
Search Company 
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) 12.68 Cr. P/BV -0.23 Book Value (Rs.) -2.63
52 Week High/Low (Rs.) 1/0 FV/ML 1/1 P/E(X) 0.00
Bookclosure 21/06/2021 EPS (Rs.) 0.00 Div Yield (%) 0.00
Year End :2018-03 

1.1 Terms/Rights attached to equity shares

The company has issued only one class of equity shares having a par value of Rs. 1/- per share (Previous Year Rs. 1/- per Share). Each holder of equity shares is entitled to one vote per share.

During the year ended 31st March 2018 amount per share of dividend recognised as distributions to equity shareholders was Rs. Nil ( P.Y.Rs. Nil )

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the numbers of equity shares held by shareholders.

2.1 Trade Payable includes related party payable to Rajendra Kumar Choudhary Rs. Nil (P.Y.Rs.0.36 Lacs )

2.2 The Company has not received any intimation from the suppliers under the Micro, Small & Medium Enterprises Development Act 2006 & therefore disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said act have not been given.

3.1 Additional information

a Details of Security for Working Capital Loan and Working Capital Term Loan

The above facility is secured by Hypothecation of entire Stock and Current Assets of the Company present and future. The facility is further collaterally secured by extension of Equitable Mortgage charge on Land admeasuring 3 Acres and Building admeasuring 87175 sq.feet constructed thereon at Wada Manor Road,Village Kanchad,Taluka Wada(Dist.Thane) owned by the Company and extension of hypothecation charge on Plant & Machinery and all other movable Fixed Assets of the Company situated at Wada Manor Road,Village Kanchad,Taluka Wada(Dist.Thane). This facility is further collaterally secured by Pledge of 31000000 equity shares of Rs. 1/- each of Bil Energy Systems Limited also Negative lien on 156.30 lakh promoter equity shares of Rs. 1/- each of Bil Energy Systems Limited. The above facility is also secured by Corporate Guarantee of Bilpower Limited

b Details of Security for Corporate Loan

The above facility is secured by Equitable Mortgage charge on Land admeasuring 3 Acres and Building admeasuring 87175 sq.feet constructed thereon at Wada Manor Road,Village Kanchad,Taluka Wada (Dist.Thane) owned by the Company and hypothecation charge on Plant & Machinery and all other movable Fixed Assets of the Company situated at Wada Manor Road,Village Kanchad,Taluka Wada (Dist.Thane). The facility is further collaterally secured by extension of charge on entire current assets of the company. The above facility is secured by Corporate Guarantee of Bilpower Limited

3.2 The company has defaulted in repayment of dues including interest and principal to State Bank of India, on its various fund factilities availed, outstanding amounting to Rs. 79.69 Crores. The unpaid interest provided for in the books of accounts on the said loans amounts to Rs. 5.31 Crores. Entire loans have been recalled by State Bank Of India during the financial year 2013-2014

The Company has not provided for interest payable to State Bank of India amounting to Rs. 1484.13 Lacs for year ended 31st March, 2018. The company has also not made any provision for penal interest claimed by Bank. As a result the loss for the year ended 31st March, 2018 is understated by Rs. 1484.13 Lacs & Current liabilities as at 31st March,2018 are also understated by Rs. 1484.13 Lacs and also Reserves are overstated by Rs. 1484.13 Lacs.

The amount of penal interest cannot be quantified as the details have not been received from the bank. Also for the financial year 2016-17, 2015-16, 2014-15 the company has not provided for interest payable to State Bank of India amounting to Rs. 3546.23 lacs and as a result the accumulated losses in the Balance Sheet are understated by Rs. 5030.35 lacs upto 31st March, 2018.

4 The lender Bank of Bilpower Limited has pursuant to certain corporate guarantees given by the company demanded from the company their dues from Bilpower Limited amounting to Rs. 215.82 crores. No provision has been made in the accounts for the probable loss that may arise on account of above demand of Rs. 215.82 crores.

5 SEGMENT REPORTING

The company primarily deals in the business of Electrical Steel Products and Other Steel Products as single segment hence Segment Reporting as defined in Indian Accounting Standard 108 (Ind AS- 108) issued by The Institute of Chartered Accountants of India is not applicable to the company.

Disclosure in respect of Material Related Party Transactions During the year :

1 Purchase of Goods/Fixed Assets/Expenses includes Tarapur Transformers Limtied Rs. 96.55 Lacs (P.Y Rs.134.23 Lacs)

2 Sale of Goods includes TRC Power Rs. Nil (P.Y Rs.17.96 Lacs)

3 Receiving of Services -

A) Payment of Remuneration includes Rajendra Kumar Choudhary Rs. 12 Lacs (P.Y.Rs. 2.40Lacs)

Sueresh More Rs. 1.99 Lacs (P.Y. Rs. 1.95 Lacs)

4 Finance (Including Loans & Equity Contributions on Cash or Kind)

A) Loans & Advances Received includes Tarapur Transformers Limited Rs. Nil (P.Y. Rs.65.79 Lacs ),

B) Loans & Advances Given includes :- Tarapur Transformers Limited Rs. 374.08 Lacs (P.Y. Rs.0.11 Lacs),

Bilpower Limited Rs. 8.03 Lacs (P.Y. Rs. 3.00 Lacs), Rajendra Kumar Choudhary Rs. 7.29 Lacs (P.Y. Rs. 6.12 Lacs), Suresh More Rs. 0.50 Lacs (P.Y. Rs. 1.10 Lacs) Choudhary Global Limited Rs. Nil (P.Y. Rs. 3.94 Lacs)

5 Outstanding as at 31st March 2018

A) Trade Receivable :- TRC Power Rs.Nil (P.Y. Rs. 5.95 Lacs)

C) Loans & Advances Given :- Choudhary Global Limited Rs. Nil (P.Y Rs. 155.35 Lacs), Kiren Shrivastav Rs.0.50 Lacs (P.Y.Rs.0.50 Lacs) Suresh More Rs. 5.02 Lacs (P.Y. Rs. 4.58 Lacs), Tarapur Transformers Ltd.

Rs. Nil ( P.Y Rs. 30.48 Lacs)

Note (i): The Board of directors in its meeting held on November 14, 2017 had recomedmed issue of bonus shares in the ratio of one equity share of Re. 1 Each for one exsiting equity share of Re. 1/- each held. The issue of bonus share was approved by the shareholders on January 01, 2018 and accordingly tha company allotted 105708000 no of fully paid equity shares on January 15 , 2018. The earning per share (Both basic and Diluted) for the eyar ended March 31, 2018 have been restated to give effect th the aforesaid Bonus shares as per IND AS-33.

6 DISCLOSURE PURSUANT TO ADOPTION OF INDIAN ACCOUNTING STANDARD 19

Gratuity liability for the year is determined on actuarial valuation by The Life insurance company of India with whom the company has taken a policy for settlement of future gratuity liability.

7 In terms of the requirements of the Indian Accounting Standards-36 on “Impairment of Assets” issued by the Institute of Chartered Accountants of India, the amount recoverable against Fixed Assets has been estimated for the period by the management based on present value of estimated future cash flows expected to arise from the continuing use of such assets. The recoverable amount so assessed was found to be adequate to cover the carrying amount of the assets, therefore no provision for impairment in value thereof has been considered necessary, by the management.

8 As per the best estimate of the management, no provision is required to be made as per Indian Accounting Standard (AS) 37 “Provision, Contingent Liabilities & Contingent Assets” in respect of any present obligation as a result of a past event that could lead to a probable outflow of resources which would be required to settle the obligation.

9 Consumption of consumable stores is wholly indigenous in the current & previous year.

10 Balances of the Creditors / Debtors / Loans / Advances are subject to Confirmations and resultant reconciliation, if any.

11 Sundry Debtors as on the date of Balance sheet are net of amounts received after discounting of Letter of Credits.

12 Previous Year Figures have been regrouped / recast / rearranged wherever necessary.

Signature to the Balance Sheet, Statement of Profit and Loss and Notes which form an integral part of accounts.


 
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 TRANSACTIONS IN YOUR ACCOUNT --> UPDATE YOUR MOBILE NUMBERS/EMAIL IDS WITH YOUR STOCK BROKER/DEPOSITORY PARTICIPANT. RECEIVE INFORMATION/ALERT OF YOUR TRANSACTIONS DIRECTLY FROM EXCHANGE/NSDL ON YOUR MOBILE/EMAIL AT THE END OF THE DAY .......... ISSUED IN THE INTEREST OF INVESTORS
Disclaimer Clause | Privacy | Terms of Use | Rules and regulations | Feedback| IG Redressal Mechanism | Investor Charter | Client Bank Accounts
Stocks A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others
MUTUAL FUND A B C D E F G H I J K L M N O P Q R S T U V W X Y Z OTHERS
Right and Obligation, RDD, Guidance Note in Vernacular Language
Attention Investors : "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."
  "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
  "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participants. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day.Issued in the interest of Investors."
Regd. Office: 76-77, Scindia House, 1st Floor, Janpath, Connaught Place, New Delhi – 110001
NSE CASH , NSE F&O,NSE CDS| BSE CASH ,BSE CDS |DP NSDL | MCX-SX SEBI NO: INZ000155732

Compliance Officer: Mukesh Rustagi, Company Secretary, Tel: 011-46890000, Email: mukesh_rustagi80@hotmail.com
For grievances please e-mail at: kkslig@hotmail.com

Important Links : NSE | BSE | MCX | SEBI | NSDL | Speed-e | CDSL | SCORES | NSDL E-voting | CDSL E-voting | SMART ODR | ODR CIRCULAR
 
Charts are powered by TradingView.
Copyrights @ 2014 © KK Securities Limited. All Right Reserved
Designed, developed and content provided by