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D P Wires Ltd

BSE Code : 535012 | NSE Symbol : DPWIRES | ISIN:INE864X01013| SECTOR : Steel |

NSE BSE
 
SMC up arrow

105.60

0.75 (0.72%) Volume 280564

20-Apr-2021 EOD

Prev. Close

104.85

Open Price

105.65

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 106.75 - 102.90

52 wk High/Low 142.75 - 47.35

Key Stats

MARKET CAP (RS CR) 143.28
P/E 6.9
BOOK VALUE (RS) 78.6888267
DIV (%) 0
MARKET LOT 1
EPS (TTM) 15.3
PRICE/BOOK 1.34199484766241
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%) 48
4

News & Announcements

19-Apr-2021

D P Wires Ltd - D P Wires Limited - Disclosure under SEBI Takeover Regulations

17-Apr-2021

D P Wires Ltd - Other Announcements

09-Apr-2021

D P Wires Ltd - Other Announcements

09-Apr-2021

D P Wires Ltd - D P Wires Limited - Other General Purpose

07-Dec-2020

D P Wires AGM scheduled

04-Nov-2020

D P Wires schedules board meeting

24-Jun-2020

D P Wires to hold board meeting

12-Sep-2019

D P Wires AGM scheduled

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

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Beekay Steel Industries Ltd 539018
Bellary Steels & Alloys Ltd(liquidated) 500045 BELLARYSTL
Bengal Steel Industries Ltd 512404
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Bharat Steel Tubes Ltd 40002
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Choksi Tubes Company Ltd 513240 CHOKSITUBE
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CV Steels Ltd 513725
Decora Tubes Ltd(wound-up) 526343
Deeps Special Steels Ltd 513570
Denholm Steels Ltd (Wound-up) 513470
Dewan Steels Ltd 513646 DEWANSTEEL
Dhar Industries Ltd 513632
Dhatu Sanskar Ltd (Wound Up) 513322
Dina Iron & Steel Ltd 532003
Do-Max Steel Ltd 513339
Eastcoast Steel Ltd 520081 ESTCSTSTEL
Elango Steels Ltd 13452
Electrosteel Steels Ltd 533264 ELECTROSL
Electrotherm (India) Ltd 526608 ELECTHERM
Ellora Steels Ltd 513424
Ensa Steel Industries Ltd 512135
Facor Steels Ltd 532657
Firth (India) Steel Company Ltd 504692
G K Steel & Allied Industries Ltd (Wound-up) 513287
Gallantt Metal Ltd 532726 GALLANTT
Gandhi Special Tubes Ltd 513108 GANDHITUBE
Gangotri Iron and Steel Company Ltd 530945
Garg Furnace Ltd 530615
Garg Steel & Alloys Ltd 40483
Global Arya Industries Ltd 513621
GM Mittal Stainless Steels Ltd 513199
Godawari Power & Ispat Ltd 532734 GPIL
Goodluck India Ltd 530655 GOODLUCK
Gopal Iron & Steels Co.(Gujarat) Ltd 531913
Graham Firth Steel Products (India) Ltd 504707
Grand Foundry Ltd 513343 GFSTEELS
Gujarat Bonanza Auto & Steel Rolling Ltd 523996
Gujarat Intrux Ltd 517372
Gujarat Natural Resources Ltd 513536
Gujarat Steel Tubes Ltd (Wound Up) 504710
Gujarat Wedge Wire Screens Ltd 513129
Gwalior Strips Ltd 513014
Gyscoal Alloys Ltd 533275 GAL
HAMCO Steels & Alloys Ltd 503839
Handum Industries Ltd 40342
Hariyana Ventures Ltd 506024
Harpartap Steel Ltd 513689
Haryana Steel & Alloys Ltd 504601
Heera Ispat Ltd 526967
Him Ispat Ltd (Wound-up) 513017
Himachal Tubes & Wires Ltd 517029
Himtubes Ltd 513018
Hind Wire Industries Ltd 504716
Hindustan Wires Ltd 504713
Hisar Metal Industries Ltd 590018 HISARMETAL
Hi-Tech Pipes Ltd 532601 HITECH
Hitek Industries (Bihar) Ltd 513003
India Steel Works Ltd 513361 ISIBARS
Indian Bright Steel Company Ltd 504731
Indian Seamless Metal Tubes Ltd (Merged) 504754 ISMETALTUB
Indian Seamless Steels & Alloys Ltd (Merged) 513385 ISSAL
Indian Steel Rolling Mills Ltd 513275
Indore Wire Company Ltd 504784
Innoventive Industries Ltd 533402 INNOIND
ISMT Ltd 532479 ISMTLTD
Ispat Profiles India Ltd 531464 ISPATPROF
J M D Alloys Ltd 531765
Jagan Tubes Ltd 40268
Jalan Ispat Castings Ltd 513301
Jay Iron & Steel Industries Ltd 513542
Jindal Iron & Steel Company Ltd (Merged) 500107 JINDALIRON
JTL Infra Ltd 534600
Kalyani Steels Ltd 500235 KSL
Kamdhenu Ltd 532741 KAMDHENU
Kamini Ispat Ltd 531555
Kamper Concast Ltd 531475 KAMPERCONC
Kanakdhara Steel Ltd 513267 KANAKSTEEL
Kanan Steels Ltd 531476
Kanishk Steel Industries Ltd 513456
Kinjal Metals Ltd 531298
KR Steelunion Ltd (Wound-up) 513181
Kritika Wires Ltd 535116 KRITIKA
Kusum Ingots & Alloys Ltd 513315 KUSUMINGOT
Kusum Iron & Steel Ltd 513625
Ladam Steels Ltd 513420
Lloyds Steels Industries Ltd 539992 LSIL
Mahalaxmi Seamless Ltd 513460
Mahamaya Steel Industries Ltd 513554 MAHASTEEL
Maharashtra Seamless Ltd 500265 MAHSEAMLES
Mahindra Ugine Steel Company Ltd(Merged) 504823 MAHINDUGIN
Majestic Industries Ltd 526857 MAJESTIND
Malhotra Steel Industries Ltd 513601
Mamta Steels Ltd 530051
Man Industries (India) Ltd 513269 MANINDS
Manaksia Coated Metals & Industries Ltd 539046 MANAKCOAT
Manaksia Steels Ltd 539044 MANAKSTEEL
Mardia Steel Ltd (Wound-up) 513707 MARDIASTL
Marmagoa Steel Ltd 513355
Mayura Alloy Industries Ltd 530437
MEK Slotted Angles (India) Ltd 513198
Metal Coatings (India) Ltd 531810
Metalman Industries Ltd 513131 METALPIPE
Midfield Industries Ltd 533220
Minhas Steels Ltd 530241
Mishra Dhatu Nigam Ltd 541195 MIDHANI
Modern Steels Ltd 513303
Mohatta & Heckel Ltd 504844
Moira Wires Ltd 513603
Mukand Ltd 500460 MUKANDLTD
Mukat Pipes Ltd 523832 MUKATPIPE
Mukesh Steels Ltd 513265
Mukesh Strips Ltd 517374
Muzaffarnagar Steels Ltd 504855
Narayani Steels Ltd 540080
National General Industries Ltd 531651
National Steel & Agro Industries Ltd 513179 NATNLSTEEL
Nova Steels (India) Ltd 513395 NOVASTEEL
Nova Udyog Ltd 513426
NSL Ltd (Merged) 504778 NSL
OCL Iron & Steel Ltd 533008 OISL
Oil Country Tubular Ltd 500313 OILCOUNTUB
P.M. Telelinnks Ltd 513403
Pact Industries Ltd 538963
Panchmahal Steel Ltd 513511 PANCHMSTEL
Paramount Steels Ltd 513062
Partap Rajastan Special Steels Ltd 504860
Pennar Engineered Building Systems Ltd(Merged) 539333 PENPEBS
Pennar Industries Ltd 513228 PENIND
Pittsburgh Iron & Steels Ltd 531135
Piyush Steels Ltd 530559
Powmex Steels Ltd (Merged) 513311 POWMEXSTL
Prabhu Steel Industries Ltd 506042
Prakash Industries Ltd 506022 PRAKASH
Prakash Steelage Ltd 533239 PRAKASHSTL
Premier Tubes Ltd 506066
Primuss Pipes & Tubes Ltd 513291
Progressive Steels (India) Ltd 531063
PSL Ltd 526801 PSL
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Punjab Iron & Steel Co Ltd 513523
Quality Steels & Forgings Ltd 500348
Raajratna Metal Industries Ltd 530507
Raghav Productivity Enhancers Ltd 539837
Rajasthan Ambuja Industries Ltd 513438
Rajasthan Tube Manufacturing Co Ltd 530253
Rajinder Alloys Ltd 513408
Rajinder Pipes Ltd 523341 RAJINPIPE
Rajinder Steels Ltd 500353 RAJINSTEEL
Rajratan Global Wire Ltd 517522 RAJRATAN
Rakan Steels Ltd 513480
Rama Steel Tubes Ltd 539309 RAMASTEEL
Ramsarup Industries Ltd 532690 RAMSARUP
Ramsunar Rolsteel Ltd 513560
Ranjeev Alloys Ltd 513727
Rathi Alloys & Steel Ltd (Winded) 504895 RATHIALLOY
Rathi Bars Ltd 532918
Rathi Industries Ltd 513568
Rathi Ispat Ltd 504896
Rathi Steel & Power Ltd 504903
Ratnamani Engineering Ltd (Merged) 513591
Ratnamani Metals & Tubes Ltd 520111 RATNAMANI
Real Strips Ltd 513558
Remi Edelstahl Tubulars Ltd 513043
Riddhi Steel & Tube Ltd 540082
Rishab Concast Ltd 513299
Rishabh Digha Steel & Allied Products Ltd 531539
RMI Steels Ltd 513212
Rohini Strips Ltd 526277
Rudra Global Infra Products Ltd 539226
S K Foils Ltd 40396
SAIL-SCL Kerala Ltd 504953
Salasar Techno Engineering Ltd 540642 SALASAR
Samana Steels Ltd 513462
Sandeep Steels Ltd (Merged) 513432
Sanghvi Steels Ltd 513077
Sarda Energy & Minerals Ltd 504614 SARDAEN
Sarigam Seamless Pipes Ltd 513607
Sarigam Steels Ltd 513324
Scan Steels Ltd 511672
Seemax Industries Ltd 40273
Shah Alloys Ltd 513436 SHAHALLOYS
Sharda Ispat Ltd 513548
Shivalik Loha Mills Ltd 513615 SHIVLOHMIL
Shree Mahavir Ispat ltd 504925
Shree Steel Wire Ropes Ltd 513488
Shri Bajrang Alliance Ltd 526981
Shri Bhagavati Bright Bars Ltd 530913
Shri Ishar Alloy Steel Ltd 513223 SRISARALOY
Siddhartha Tubes Ltd 523728 SIDDHATUBE
Singh Alloys & Steels Ltd (Wound-up) 513697
Singhal Swaroop Ispat Ltd 513391 SSISPAT
Sipta Coated Steels Ltd (Merged) 513079 SIPTACOAT
Sivanandha Pipe Fittings Ltd 40125
SJB Tubes Ltd 517528
Somani Iron & Steels Ltd 504615
Somani Strips Ltd 530823
Somani Swiss Industries Ltd 511722 SOMANISWIS
Southern Iron & Steel Company Ltd(merged) 530491
Spearhead Metals & Alloys Ltd 513556
Splendid Metal Products Ltd 513414 SMPL
Sri Vasavi Industries Ltd 513609
Srikalahasthi Pipes Ltd 513605 SRIPIPES
Srinivasa Smelters Ltd 523814
Steel Strips Ltd 504717
Steel Tubes of India Ltd 506059 STEELTUBES
Steelco Gujarat Ltd 500399 STEELCOGUJ
Stelco Strips Ltd 513530
STI Products India Ltd 517492
Sunflag Iron & Steel Company Ltd 500404 SUNFLAG
Super Forgings & Steels Ltd 513277 SUPERFORGE
Supershakti Metaliks Ltd 541701
Supreme Engineering Ltd 535105 SUPREMEENG
Suraj Ltd 531638
Surana Industries Ltd 513597 SURANAIND
Surani Steel Tubes Ltd 535154 SURANI
Tamilnadu Steel Tubes Ltd 513540
Tata Metals & Strips Ltd (Merged) 502631
Tata SSL Ltd (Merged) 500396 SPECIALSTL
Technocraft Industries (India) Ltd 532804 TIIL
Thapar Concast Ltd 530453
Thapar Ispat Ltd 513285 THAPRISPAT
Titan Alloys Ltd 500417
Trident Steels Ltd (Wound-up) 513486
Tubetec Seamless Ltd 526007
Tulsyan NEC Ltd 513629 TULSYAN
UMI Special Steel Ltd(wound-up) 500435 BIHARALLOY
Umiya Tubes Ltd 539798
Uni-Metal Alloys Ltd 513482
Unison Metals Ltd 538610
United Special Ispat Ltd 40359
United White Metal Ltd 504980
Unity Steels Ltd 513186
Usha Iron & Ferro Metals Corporation Ltd 513464
Usha Martin Industries Ltd (Merged) 504986 USHAMARTIN
Usha Martin Ltd 517146 USHAMART
Uttam Galva Steels Ltd 513216 UTTAMSTL
Uttam Value Steels Ltd 500254 UVSL
Vallabh Steels Ltd 513397
Vardhman Industries Ltd 513534
Vardhman Special Steels Ltd 534392 VSSL
Varun Industries Ltd 532917 VARUN
Vermani Steel Strips Ltd 513587
Vini Metaspin Steels Ltd (Wound-up) 531325
Viraj Alloys Ltd(merged) 513562 VIRAJALLOY
Visa Steel Ltd 532721 VISASTEEL
Vishwas Infocom Industries Ltd 513573
Volvo Steels Ltd 530285
Welspun Corp Ltd 532144 WELCORP
Welspun Specialty Solutions Ltd 500365 REMIMETAL
Western Ministil Ltd 504998
Zenith Steel Pipes & Industries Ltd 531845 ZENITHSTL

Share Holding

Category No. of shares Percentage
Total Foreign 8847 0.07
Total Institutions 0 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 473422 3.49
Total Promoters 9548489 70.38
Total Public & others 3537242 26.07
Total 13568000 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About D P Wires Ltd

D P Wires Limited was incorporated as private limited company with the name 'D P Wires Private Limited' on 26th February 1998. Subsequently, the name of the Company was changed to D P Wires Limited pursuant to conversion into a public company on 16th May 2017. D P Wires is engaged in manufacturing and supply of Steel wires, plastic pipes and plastic films which find its application in industries like oil & gas, power, environment, civil, energy, automobile, infrastructure etc. All its manufacturing divisions are situated in a single premise at Industrial Estate, Ratlam.

D P Wires Ltd Chairman Speech

Dear Shareholders

It is my pleasure to present you the highlights of our Company's performance for the financial year ended March 31, 2018. We experienced a year of continued momentum, with stability, growth and positive developments across our Company the most significant being preparations for our listing on the Emerge Platform of NSE. We grew in revenue and launched new technology segments. Our momentum heading into Financial Year 2019 is even more exciting. We have a strong team of senior leaders, who demonstrate total commitment to growth, innovation, and collaboration in creating delightness for our clients. We, at DP WIRES Ltd, have embarked on this journey into the new Digital Age at an exciting and promising time for us to shape the future of LRPC Strand Wires, Geomambrane, Plastic Film Sheet, Spring Steel Wires and Galvanised Steel Wires. Backed by your support, we will continue to create excellence for our clients across the globe. At this juncture, as a newly listed company, we look back at our nearly two decade long journey with immense sense of achievement. We started as a small privately run outlet from a small office in Ratlam (M.P.) and grew at a steady pace crossing many milestones during this period.

In Financial Year 2018, our dedication to create customized technology solutions enabled us to continue our streak of successful business years. The focus of the Company is to continue to deliver value to our clients; to add value to business partners; give career & growth opportunities to our team members and grow profitability across businesses, ultimately leading to maximization of shareholder value & return.

SUCCESSFUL INITIAL PUBLIC OFFER: I am pleased to inform you that the Initial Public Offer (IPO) of the Company was a resounding success. The Company entered the Capital Market with its Initial Public Offer (IPO) of 35,84,000 equity shares of Face Value of Rs. 10/- each issued at a premium of Rs. 65/- per Share. DP WIRES Limited shares were listed on SME Platform of National Stock Exchange of India Ltd. (NSE) i.e. NSE Emerge w.e.f. October 5, 2017.

BUSINESS PERFORMANCE: The consolidated financial performance for the 12 months ended March 31, 2018, is as follows:

Total revenue from operations at Rs. 20,831 Lakhs for the year ended March 31, 2018, as against Rs. 19683 Lakhs for the corresponding previous period

PBT of Rs. 1,493 Lakhs for the year ended March 31, 2018, as against Rs. 703 Lakhs for the corresponding previous period

EPS of Rs. 8.28/- for a face value of Rs. 10/- per share

FUTURE PLANS: Going forward we are focusing on a client centric growth strategy targeting larger account sizes and growing our customer base. Profitable growth in new geographies is another important part of our strategy. Our customer centric strategy will lead to a strong performance at a consolidated level and our value added service offerings will distinguish DP WIRES Ltd. in a competitive marketplace. We begin FY 2018-19 feeling inspired, excited, and purposeful. We have innovative and varied service offerings that strengthen one another, talented people at every level of the organization, a strategy that is working towards enhancing value, a commitment to diversity and inclusion, and a culture with heart and integrity at its core. Your trust is what drives us! We are looking forward to the next stage of our shared success. Human capital remains the core of our success and we have continued and will continue to invest considerable efforts in this direction. We have a great, dedicated team and it is an honor to work with them. Their hard work is not only gratifying but critical for us to accomplish what we and our shareholders aim to achieve. I am grateful to our wonderful team, customers, employee and shareholders and R.M suppliers for supporting us and joining us on this incredible journey going forward.

Thank You
For DP WIRES Limited
Sd/-
PRAVEEN KATARIA
Chairman & Managing Director

   

D P Wires Ltd Company History

D P Wires Limited was incorporated as private limited company with the name 'D P Wires Private Limited' on 26th February 1998. Subsequently, the name of the Company was changed to D P Wires Limited pursuant to conversion into a public company on 16th May 2017. D P Wires is engaged in manufacturing and supply of Steel wires, plastic pipes and plastic films which find its application in industries like oil & gas, power, environment, civil, energy, automobile, infrastructure etc. All its manufacturing divisions are situated in a single premise at Industrial Estate, Ratlam.

D P Wires Ltd Directors Reports

To,

The Members,

Your directors have pleasure in presenting their 21stAnnual Report on the business and operations of the company and the accounts for the financial year ended March 31, 2019.

1.Financial Results:

The details regarding financial performance of the company for financial year ended 31st March, 2019 are as follows:

Standalone (Rs. In Lacs)
Current Financial Previous Financial
Particulars Year Year
(2019) (2018)
Revenue from Operations 33072.39 20719.56
Other Income 122.21 15.81
Net Income from Wind mill Unit 71.27 66.35
Total Income 33265.87 20801.72
Profit/loss before Depreciation, Finance Costs, Exceptional items and Tax Expense 2721.21 1742.95
Less: Depreciation/ Amortization/ Impairment 140.57 117.71
Add/(less): Exceptional items Nil 0.76
Profit /loss before Tax Expense 2580.64 1624.48
Less: Tax Expense (Current & Deferred) + Excess provision of previous year written back 690.63 510.62
Less: Finance Costs 151.94 131.25
Profit /loss before Exceptional items and Tax Expense 1738.07 982.61
Profit /loss for the year (1) 1738.07 982.61
Total Comprehensive Income/loss (2) Nil Nil
Total (1+2) 1738.07 982.61
Balance of profit /loss for earlier years 2133.71 1899.90
Less: Transfer to Debenture Redemption Reserve Nil Nil
Less: Transfer to Reserves 200.00 Nil
Less: Dividend paid on Equity Shares Nil Nil
Less: Dividend paid on Preference Shares Nil Nil
Less: Dividend Distribution Tax Nil Nil
Less: Bonus Shares issued Nil 748.80
Balance carried forward 3671.78 2133.71

2. Overview of the company, analysis of financial results and Performance Review

Your company is engaged in manufacturing and supply of Steel wires, plastic pipesand plastic films which find its application in industries like oil & gas, power, environment, civil, energy, automobile, infrastructure etc. All ourmanufacturing divisions are situated in a single premise at Industrial Estate, Ratlam. We are also engaged in power generation through 2 wind farms of 0.80 MW each in village Okha-Madhi andJodhpur in District Jamnagar. We have entered into PPA with Gujarat UrjaVikas Nigam Limited for sale ofelectricity generated through these wind farms for a period of 20 years. Both these wind farms were installed onturnkey basis by Eneron India Pvt. Ltd. in the year 2006-07.

We have developed a renowned name in the field of steel wire and plastic industry having ISO 9001-2008certification that highlights our capability and facilities requisite for the development of the best in class PE Film,Plastic Films, Pond Lining Film, HDPE Film, Cap Covers, Wires, and others.

During the year under review, the turnover of the company increased from 20719.56 Lakhs to Rs. 33065.87Lakhs. The turnover has increased by 59.59% on YOY basis. The earning before tax, interest and depreciation (EBITDA) also increased from Rs. 1742.95 Lakhs to Rs. 2721.21 Lakhs, showing a tremendous growth of 56.13% on YOY basis. Profit after tax is also increased from Rs. 982.61 Lakhs in previous year to Rs. 1738.07 Lakhs in the current year. The profit after tax also showed an increase of 76.88%.

During the current financial year, the company has already achieved good turnover and expects the same to be increased manifold.

Your Company has adequate production capacity to meet the increased demand of the Customers.The Company has wide basket of products which caters to our customersacross theglobe with presence in countries like Nepal, Oman, Doha, Muscat, Uganda, Shrilanka Kenya, Nigeria etc. R&D Department of the Company looks after the innovation and also take into consideration the standards laid down under the ISO certification 9001:2015. At Present there are only three suppliers whoare dealing in Stranded Wires and we are an approved supplier of various Government authorities like National Highway Authority in India(NHAI), National Thermal Power Corporation Limited (NTPC), Delhi Metro Rail Corporation Limited(DMRC),Public WorksDepartment(PWD), Central Public Work Department(CPWD), Railways, large public and private sector industries etc. Due to increased overseas demand and technological advancement, the Company has vide opportunities to expand its business operations and product base across the Globe. The development of a country’s infrastructure is vital to the growth of its sectors and the overall economy. There is an opportunity for DP Wires Limited to become more organized, through organic growth and acquisitions. This would improve overall construction quality .Strong population growth and a growing economy is fueling demand for infrastructure. The government is looking to attract private companies to invest in infrastructure through public-private partnership (PPPs). Growing recognition of "Made in India brand" in global market, company sees many opportunities in renewable power in India. Our Company is engaged in power generation for Gujarat UrjaVikas Nigam Limited. We have set up wind energy based 2 wind farms of 0.80 MW each in village Okha-Madhi and Jodhpur in District Jamnagar, Gujarat. These wind farms areconnected by 33kV gridcapacity Enercon Site, sub-station at Bhogat.

3. Change in nature of business

There was no change in nature of business of the company during the year under review.

4. Extract of Annual Return

Pursuant to the provisions of Section 92(3) and Section 134 (3) (a) oftheCompaniesAct,2013read with rule 12(1) of the Companies (Management and Administration) Rules, 2014, an extract of annual return in Form MGT 9 is attached herewith as Annexure I and forms part of this report.The annual return is available on the web site of the company i. e. www. dpwires.co.in

5. Reserves

The amount of surplus of Rs. 17,38,06,915/- (Rupees Seventeen Crores Thirty Eight Lakhs Six Thousand Nine Hundred and Fifteen only) of Profit and Loss account has been transferred to Reserve and Surplus account in the Balance Sheet. The company has transferred an amount of Rs. 2,00,00,000/- to General Reserve account. Final amount of reserve and surplus account as on 31.03.2019 is Rs. 68,40,78,362/- including general reserve of Rs. 2,50,00,000/- and Securities Premium Account of Rs. 29,19,00,000/-.

6. Dividend

No dividend was declared for the current financial year due to conservation of profits and continued investment in the business.

7. Listing Fee

The company confirms that the annual listing fee payable to NSE Limited has been duly paid.

8. Directors and Key Managerial Personnel

In compliance with the provisions of Section 149 & 152 read with Schedule IV all the other applicable provisions of Companies Act, 2013 and Companies (Appointment and Qualification of Directors) Rules, 2014 and SEBI (LODR) regulations, 2015, the composition of board of directors of the company is as follows:

S. No. Name DIN/PAN Designation
1. Mr. KantiLalKataria 00088599 Non-Executive Director
2. Mr. PraveenKataria 00088633 Managing Director
3. Mr. Hemant Kataria 00088833 Whole Time Director& CFO
5. Mr. Anil Kumar Mehta 07657024 Independent Director
6. Ms. Madhubala Jain 07657026 Independent Director
7. Ms. Krutika Maheshwari AVJPM3289R Company Secretary and Compliance Officer

In accordance with the provisions of Section 152 of the Companies Act, 2013 and in terms of the Articles of Association of the Company Mr. KantiLal Kataria(Managing Director) (DIN: 00088599) is liable to retire by rotation and being eligible, seeks re-appointment at the ensuing Annual General Meeting. The Board of Directors recommends his re-appointment. Mr. KantiLalKataria is not disqualified under Section 164(2) of the Companies Act, 2013.

Brief resume of the Director proposed to be reappointed, nature of his experience in specific functions and area and number of public companies in which he holds membership/chairmanship of Board and Committees, Shareholdings and inter-se relationships with other directors as stipulated under Regulation 36(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are provided in the ‘Annexure to the Notice of AGM’ forming part of the Annual Report.

9. Meetings of the Board of directors:

The directors of the company met at regular intervals with the gap between two meetings not exceeding 120 days to take a view on company’s policies and strategies apart from the board matters. The notices of the meetings are given well in advance to all the directors of the company. Additional meetings were held depending upon the requirements of the company. During the year under review the board met 10 times and dates of board meetings are as follows:

S. No. Date of board meeting
1. 14th May, 2018
2. 29th May, 2018
3. 14thAugust, 2018
4. 12th September, 2018
5. 13thNovember, 2018
6. 16th November, 2018
7. 15th December, 2018
8. 30thJanuary, 2019
9. 26th February, 2019
10. 25th March, 2019

Attendance of directors:

S. No. Name of director Number of board meetings
Held Attended
1. KantiLal Kataria 10 10
2. Praveen Kataria 10 10
1 Hemant Kataria 10 10
4. Anil Kumar Mehta 10 10
5. Madhubala Jain 10 8

10. Directors’ Responsibility Statement

Pursuant to the provisions of clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your directors state that

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; (b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period; (c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (d) The directors had prepared the annual accounts on a going concern basis; and (e)The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. (f) The directors had laid down internal financial controls to be followed by the company

11. Board’s Evaluation

In compliances with the provisions of Section 134(3)(p) of the Act read with Rule 8(4) of the Companies (Accounts) Rules, 2014, the board carried out annual evaluation of its own performance, that of its Committees and individual directors.

The performance of board and its committees was evaluated by the board after seeking input from all the directors on the basis of the criteria, such as composition and structure of the Board, quality of deliberations, effectiveness of the procedures adopted by the Board, participation at the Board and committee meetings, governance reviews etc. Performance of individual directors was evaluated on the basis of criteria like transparency, analytical abilities, qualifications, leadership qualities, experience, participation in the long-term strategic planning and responsibilities shouldered.

12. Particulars of loans, guarantees or investments under section 186

The details of loans, guarantees and investments covered under the provisions of Section 186 of the Companies Act, 2013 and rules made thereunder are shown under Note No. 11&15 in the Notes to the Financial Statements.

13. Related Party Transaction:

All related party transactions entered into by the company during the year were on an arm’s length basis and in the ordinary course of business. During the year no transaction was entered into by the company with key managerial personnel. The company did not enter into any related party transactions which were in conflict with its interest. Statement of transaction with related parties in summary form are periodically placed before the audit committee and are approved by committee, in compliance with Section134(3)(h) of the Act and rule 8 (2) of Companies (Accounts ) Rules, 2014, particulars of Related Party transactions are given inForm of AOC-2 as Annexure IIto this report.

14. Commission from holding or subsidiary company:

As the company is not having any holding or subsidiary company, details as required regarding receipt of commission by Managing or whole time director of the company from holding or subsidiary of the company in accordance with the provisions of Section 197 (14) are not applicable.

15. Particulars Of Employee and Related Disclosures

The ratio of remuneration of each Director to the median of employees’ remuneration as per

Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms part of the Board’s Report under "Annexure III" as Median Remuneration.

The company was not having any employee, who was in receipt of remuneration as specified under Rule 5 (2) Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, hence the details as required under that rule are not applicable on the company.

In terms of the provisions of Section 197(12) of the Act read with Rules 5(2) and 5(3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014, the list of the top 10 employees in terms of remuneration forms part of the Board’s Report under "Annexure-IV’’

16. Audit Committee

The company had constituted an Audit Committee pursuant to the provisions of Section 177 of the Companies Act, 2013. Terms of reference of Audit Committee covers the matters specified for Audit Committee in Section 177 of the Companies Act, 2013 read with Rule No. 6 of the Companies (Meetings of Board and its Power) Rules, 2014. The Role of the Audit Committee is as prescribed under Section 177 of the Companies Act, 2013.

The chairman of the Audit Committee is Mr. Anil Kumar Mehta. During the year 2018-19, 4Audit Committee meetingswere held on 14th May, 2018, 29th May, 2018, 13th November, 2018& 25th March, 2019.

The composition of the Audit Committee and number of meetings attended by the members are given below:

Name of director Position held No. of meetings attended
Mr. Anil Kumar Mehta Chairman 4
Ms. Madhubala Jain Member 2
Mr. Praveen Kataria Member 4

17. Nomination and Remuneration Committee

The function performed by the Nomination and Remuneration are as prescribed under Companies Act, 2013 and rules made there under.

18. Stakeholders’ Relationship Committee

The function performed by the Nomination and Remuneration are as prescribed under Companies Act, 2013 and rules made there under.

19. Vigil Mechanism/whistleblower Policy

In Compliance with the provision of section 177(9) of the Act read with Rule 7 of Companies (Meeting of Board and its Power) Rules, 2014, the company formulated a Vigil Mechanism for directors and employees to report concerns.

20. Corporate Governance

Provisions of Regulation 17 to 27 related with Corporate Governance read with Schedule V (c) of SEBI (LODR) 2015 are not applicable on the company.

21. Corporate Social Responsibility (CSR)

The company has constituted a CSR committee with following persons as its members:

Name of director Position held No. of meetings attended
Mr. Anil Kumar Mehta Chairperson 1
Mr. Praveen Kataria Member 1
Mr. Hemant Kataria Member 1

The CSR committee in under process to frame a policy for CSR in consultation with board of directors and it keeps recommending the company from time to time.

The company was having an opening balance of Rs. 1214428/- in its CSR Provision Account. The company spent an amount of Rs. 1483967/- towards various CSR activities. The CSR spending of the company include Women empowerment and girl education, donation to CARE India Welfare Trust, CARE Promise Welfare Society and Army Welfare Fund Battle Casualties. Further the company also spent for education and food for poor and needy people by donating to various societies and trusts.

During current financial year 2018 2019, provision of Rs. 16,32,125/- (Rs. Sixteen Lakhs Thirty Two Thousand One Hundred and Twenty Fiveonly) was made for Corporate Social Responsibility.

22. Material changes and commitments affecting the financial position of the company

Following material changes have taken place after closure of financial year and before date of signing of board’s report:

1. CA SachinMoonat has been appointed as Internal Auditor of the Company at the board meeting held on 18.05.2019.

2. CS ShwetaGarg has been appointed as Secretarial Auditor of the company at the board meeting held on 18.05.2019.

23. Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

The details of conservation of energy, technology absorption, foreign exchange earnings and outgo in terms of Section 134 (3) (m) read with Rule 8 (3) of the Companies (Accounts) Rules, 2014 are given in Annexure Vwhich is part of this Report.

24. Details of Subsidiary/Joint Ventures/Associate Companies

As the company is not having any subsidiary/joint venture/Associate Companies, the details in terms of Section 134 (3) (q) read with Rule 8 (5) (iv) of the Companies (Accounts) Rules, 2014 are nil.

25. Deposits

As the company has not accepted any deposits covered under Chapter V of the Act, the details in terms of Section 134 (3) (q) of the Companies Act, 2013 read with Rule 8 (5) (v) and (vi) of the Companies (Account) Rules, 2014 are nil.

26. Details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company’s operations in future

No significant or material orders are passed during the financial year by the regulators or courts or tribunals which might impact the going concern status and company’s operation in future.

27. Details in respect of adequacy of internal financial controls with reference to the Financial Statements.

Your Company has put in place adequate internal financial controls with reference to the financial statements, some of which are outlined below:

Your Company has adopted accounting policies which are in line with the Accounting Standards prescribed in the Companies (Accounting Standards) Rules, 2006 that continue to apply under Section 133 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and relevant provisions of the Companies Act, 1956, to the extent applicable.

A system of strict internal control, including suitable monitoring procedures has always believed that transparency, systems and controls are important factors in the success and growth of any organization.

The Company has an adequate system of internal control supported by an extensive programme of internal control; and systems are established to ensure that financial and other records are reliable for preparing financial statements.

Internal Audit Reports and significant Audit observations are brought to the attention of the Audit Committee of the company. The internal controls existing in the Company are considered to be adequate vis-a-vis the business requirements.

Your Company ensures adequacy with its current size and business, to ensure operational efficiency, protection and conservation of resources, accuracy and promptness in financial reporting and compliance of laws and regulations. It is supported by the internal audit process and will be enlarged to be adequate with the growth in the business activity.

28. Internal Auditors

In accordance with the provisions of Section 138 of the Companies Act, 2013 read with Rule 13 of Companies (Accounts) Rules, 2014, the company has appointed CA Sachin Moonat, Chartered Accountant, Ratlam as internal auditor of the company. The purpose of internal audit is to examine that the company is carrying out its operations effectively and performing the processes, procedures and functions as per the prescribed norms. The internal auditors review the adequacy and efficiency of the key internal controls guided by the Audit Committee.

29. Explanation or comments on Auditor’s Report:

Auditor’s report being self-explanatory, no comments are required to be given in terms of Section 134 (3) (f) (i).

30. Secretarial Audit

Pursuant the provision of the Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial personal) Rules, 2014, the board appointed CS Shweta Garg, Practicing Company Secretary, Indore to conduct Secretarial Audit of the Company for the financial year 2018 2019. The Secretarial Audit report in Form MR 3 is attached as Annexure VI and forms part of this report. The Secretarial Audit Report is self-explanatory and no comments are required to be given on the same.

31. Cost Audit

The Board had appointed M/s M P Turakhia& Associates, Cost Accountants (Firm Registration No. :19811), as Cost Auditor for conducting audit of cost records of the Company for the Financial Year 2018-19.

The observations of the Cost auditors, when read together with the relevant notes to the accounts and accounting policies are self-explanatory and does not call for any further comment.

32. Management Discussion and Analysis

Management Discussion and Analysis Report for the year 2018-19, as stipulated under Regulation 34(2)(e) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached as Annexure VII forming part of this Annual Report, and gives detail of overall industry structure, developments performance and state of affairs of the Company's operations during the year.

33. Risk Management Policy

The risk management framework of the company defines roles and responsibilities for arriving at risk rating criteria for assessing risk impact, likelihood of risks and effectiveness of mitigations plans. The process includes identifications of risks involved in various areas, zeroing on ‘risk that matter’, assessing mitigation plan and preparedness to face ‘risk that matter’

34. Disclosure in respect of loan to employees for purchase of own shares

The company has not given any loan to any of the employees for purchasing its shares, hence the information pursuant of Section 67 of the Act read with Rule 16 of Companies (Share Capital & Debentures) Regulations, 2014 are nil.

35. Disclosure under Sexual Harassment of Women at Workplace (Prevention, Prohibition &Redressal), Act, 2013

As per the requirement of Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 (‘Act’) and rules made there under, your Company has adopted a Sexual Harassment Policy for women to ensure healthy working environment without fear of prejudice, gender bias and sexual harassment.

The Board states that there were no cases or complaints filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

36. Issue of Equity shares with differential voting rights, Sweat Equity, ESOP etc.

The company has not issued any equity shares with differential voting rights, Sweat Equity Shares or Shares to its employees under "Employee Stock Option Scheme" during the financial year.

37. Changes in Share Capital

During the Financial Year 2018 - 19, there was no change in the share capital of the company.

38. Auditors

The Auditors, M/s Anil Kamal Garg& Company, Chartered Accountants, Indore, were appointed as statutory auditors for a period of 5 years from the conclusion of 16thAnnual General Meeting till the conclusion of 21stAnnual General Meeting. As the term for auditors is coming to an end at the conclusion of ensuing Annual General Meeting, the board recommends to reappoint the auditors for another term of 5 years from the conclusion of 21st Annual General Meeting till the conclusion of 26th Annual General Meeting. The auditors have given a declaration to the company to the effect that the firm is not disqualified to be appointed as auditor in terms of the provisions of Section 141 of the Companies Act, 2013 read with Rule 4 and Rule 10 of the Companies (Audit & Auditors) Rules, 2013.

39. Acknowledgements

Your Directors convey a sense of high appreciations to all the employees of the company for their hard work, dedication continued commitment and significant contributions. Your Directors are grateful toacknowledge the support and cooperation’s received from various departments of the Central and State Governments, Members, Business Associates, Analysts, Banks, Financial Institutions, Customers, Distributors and Suppliers.

For & on behalf of the Board of Directors
Sd/- Sd/-
Place : Ratlam Hemant Kataria Praveen Kataria
Date :30.08.2019 WTD (DIN:00088833) MD (DIN: 00088633)
63, Ghas Bazar, Ratlam, 63, Ghas Bazar, Ratlam,
457001 MP IN 457001 MP IN

   

D P Wires Ltd Company Background

PRAVEEN KATARIA
Incorporation Year1998
Registered Office16-18A Industrial Estate,
Ratlam,Madhya Pradesh-457001
Telephone91-07412-261130,Managing Director
Fax
Company SecretaryKrutika Maheshwari
AuditorAnil Kamal Garg & Company
Face Value10
Market Lot1
ListingNSE,
RegistrarBigshare Services Pvt Ltd
1st Flr Bharat Tin W,Makwana Road Marol ,Andheri (East) ,Mumbai - 400059

D P Wires Ltd Company Management

Director NameDirector DesignationYear
PRAVEEN KATARIAManaging Director2019
Hemant KatariaWhole-time Director2019
Kantilal KatariaNon Executive Director2019
Anil Kumar MehtaIndependent Director2019
Madhubala JainIndependent Director2019
Krutika MaheshwariCompany Secretary2019
Harsh MoonatAdditional Director2019
Suhani KatariaNon Executive Director2019

D P Wires Ltd Listing Information

D P Wires Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Wire and allied materials NA 000283.64831
Sale of Traded Goods NA 00025.8101
Plastic and allied materials NA 00020.46243
Sale of Services NA 0000.80305
Other Operating Revenue NA 0000
Sale of Electrical Energy. NA 0000

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