Mar 31, 2015
1. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING
STANDARD 18
A) List of related parties
I) Parties where control exist - Nil
II) Other parties with whom Company entered into transactions during
the year - Nil
III) Key Management personnel and enterprises having common key
management personnel or their relatives.
Key Management Personnel:
Mr. Kamal Narayan Rathi - Managing Director
Mr. Sandeep Rathi - Executive Director
Enterprises having common Personnel NIL
Relatives of Key Management Personnel
Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Narayan Rathi & W/o.
Shri Sandeep Rathi
2. CONTINGENT LIABILITIES (Amount in Rs.)
Particulars 2014-2015 2013-2014
a) Counter Guarantee against Bank Rs.16,75,000 Rs.50,19,387
Gaurantee
3. There are no Micro, Small and Medium Enterprises to whom the
Company owes dues, which are standing for more than 45 days as at 31 st
March 2015. This information as required to be disclosed under the
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
4. Balances shown under Trade Receivable are subject to
confirmation/reconciliation
5. Pursuant to enactment of Companies Act,2013, the company has
applied the estimate useful life as specified in Schedule II
Accordingly the unamortised carrying value is being depreciated /
ammortised over the revised / remaining useful life. The written down
value of Fixed Asset whose lives has expired as at 01.04.2014 has been
adjusted,in opening balance of Profit & Loss Account amounting to
Rs.27.21 Lakhs.
6. Figures of the previous years have been re-grouped - re- arranged,
wherever considered necessary and rounded off to nearest rupee.
7. DEFINED BENEFIT PLAN
The Employee''s Gratutity Fund Scheme managed by LIC Group Gratutity is
a defined benefit plan. The present value of obligation is determined
based on acturial valuation using the Projected Unit Credit Method,
which recognizes each period of service as giving to additional unit of
employee benefit entitlement and measures each unit separately to build
up the final obligation. The Company is having fair value of plan
assets which is more than the present value of obligations. The same is
not taken into account considering the prudence
Mar 31, 2014
1. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING
STANDARD 18 A) List of related parties
2. Parties where control exist - Nil
3 Other parties with whom Company entered into transactions during
the year - Nil
4 Key Management personnel and enterprises having common key
management personnel or their relatives.
Key Management Personnel:
Shri Kamal Narayan Rathi - Managing Director
Shri Sandeep Rathi - Executive Director
Relatives of Key Management Personnel
Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Narayan Rathi & W/o.
Shri Sandeep Rathi
5. There are no Micro, Small and Medium Enterprises to whom the
Company owes dues, which are standing for more than 45 days as at 31 st
March 2014. This information as required to be disclosed under the
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
6. Balances shown under Trade Receivable are subject to
confirmation/reconciliation
7. Figures of the previous years have been re-grouped - re- arranged,
wherever considered necessary and rounded off to nearest rupee.
8. EMPLOYEE BENEFITS
Employee Benefits have been provided as per provisions of Revised
Accounting Standard 15AS(15) issued by the Institute of Chartered
Accountants of India with effect from 01.04.2007
9. DEFINED BENEFIT PLAN
The Employee's Gratutity Fund Scheme managed by LIC Group Gratutity is
a defined benefit plan. The present value of obligation is determined
based on acturial valuation using the Projected Unit Credit Method,
which recognizes each period of service as giving to additional unit of
employee benefit entitlement and measures each unit separately to build
up the final obligation. The Company is having fair value of plan
assets which is more than the present value of obligations. The same is
not taken into account considering the prudence.
Mar 31, 2013
I. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING
STANDARD 18 A) List of related parties
I) Parties where control exist - nil
II) Other parties with whom company entered into transactions during
the year - nil
III) Key Management personnel and enterprises having common key
management personnel or their relatives.
Key Management Personnel:
Shri B.N.Rathi - Chairman (upto 10-1-2013)
Shri Kamal Rathi - Managing Director Shri Sandeep Rathi - Executive
Director
Enterprises having common Key Management Personnel
B.N.Rathi Securities Ltd.. BNR Capital Services Private Ltd. and BN
Rathi Comtrade Pvt. Ltd, Relatives of Key Management Personnel
Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Rathi & W/o. Shri
Sandeep Rathi
vi. There are no Micro Small and Medium Enterprises to whom the
company owes dues, which are standing for more than 45 days as at 31st
March 2013. This information as required to be disclosed under the
Micro, small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
v. Balances shown under Trade receivable are subject to Confirmation/
reconciliation
vi. Figures of the Previous Years have been re-grouped - re- arranged,
wherever considered necessary and rounded off to nearest rupee.
The Company contributes applicable rates of salary of all eligible
employees towards Provident Fund and Employees State Insurance managed
by the Central Government.
DEFINED BENEFIT PLAN
The employee''s gratutity fund scheme managed by LIC Group Gratutity is
a defined benefit plan. The present value of obligation is determined
based on acturial valuation using the Projected Unit Credit Method,
which recognizes each period of service as giving to additional unit of
employee benefit entitlement and measures each unit separately to build
up the final obligation. The company is having fair value of plan
assets which is more than the present value of obligations. The same is
not taken into account considering the prudence.
Mar 31, 2012
Note: Out of the said amount NIL amount pertains to Micro, Small and
Medium Enterprises as defined under Micro, Small and Medium Enterprises
Development Act, 2006. The information has been given in respect of
such vendors to the extent they could be identified as Micro and Small
enterprises on the basis of information available with the company on
records.
i. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING
STANDARD 18 A) List of related parties
I) Parties where control exist - nil
II) Other parties with whom company entered into transactions during
the year - nil
III) Key Management personnel and enterprises having common key
management personnel or their relatives.
Key Management Personnel:
Shri B.N.Rathi - Chairman Shri Kamal Rathi - Managing Director
Enterprises having common Key Management Personnel
B.N.Rathi Securities Limited BNR Capital Services Private Limited
Relatives of Key Management Personnel
Shri Sandeep Rathi - Son of Shri Kamal Rathi
Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Rathi
ii. CONTINGENT LIABILITIES (Amount in Rs.)
Particulars 2011-2012 2010-2011
a) Counter Guarantee against
Bank Guarantee Rs. 1,75,000 Rs. 1,75,000
iii. There are no Micro Small and Medium Enterprises to whom the
company owes dues, which are standing for more than 45 days as at 31st
March 2012. This information as required to be disclosed under the
Micro, small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
iv. Balances shown under Sundry Debtors are subject to Confirmation/
reconciliation
v. Figures of the Previous Years have been re-grouped - re- arranged,
wherever considered necessary and rounded off to nearest rupee.
vi. EMPLOYEE BENEFITS
Employee Benefits have been provided as per provisions of Revised
Accounting Standard 15AS(15) issued by the Institute of Chartered
Accountants of India with effect from 01.04.2007
The Company contributes applicable rates of salary of all eligible
employees towards Provident Fund and Employees State Insurance managed
by the Central Government.
DEFINED BENEFIT PLAN
The employee's gratuity fund scheme managed by LIC Group Gratuity
is a defined benefit plan. The present value of obligation is
determined based on actuarial valuation using the Projected Unit Credit
Method, which recognizes each period of service as giving to additional
unit of employee benefit entitlement and measures each unit separately
to build up the final obligation. The company is having fair value of
plan assets which is more than the present value of obligations. The
same is not taken into account considering the prudence.
Mar 31, 2011
DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING
STANDARD 18 A) List of related parties
I) Parties where control exist - nil
II) Other parties with whom company entered into transactions during
the year - nil
III) Key Management personnel and enterprises having common key
management personnel or their relatives.
Key Management Personnel:
Shri B.N. Rathi - Chairman
Shri Kamal Rathi - Managing Director
Enterprises having common Key Management Personnel
B.N. Rathi Securities Limited
BNR Capital Services Private Limited
Relatives of Key Management Personnel
Shri Sandeep Rathi - Son of Shri Kamal Rathi
Smt. Mayura Rathi - Daughter-in-law of Shri Kamal Rathi
2. CONTINGENT LIABILITIES (Amount in Rs.)
Particulars 2010-2011 2009-2010
a) Counter Guarantee against
Bank Gaurantee Rs. 1,75,000 Rs. 1,75,000
3. EMPLOYEE BENEFITS
The Company contributes applicable rates of salary of all eligible
employees towards Provident Fund and Employees State Insurance managed
by the Central Government.
DEFINED BENEFIT PLAN
The employee's gratutity fund scheme managed by LIC Group Gratutity is
a defined benefit plan. The present value of obligation is determined
based on acturial valuation using the Project Unit Credit Method, which
recognizes each period of service as giving to additional unit of
employee benefit entitlement and measures each unit separately to build
up the final obligation. The company is having fair value of plan
assets which is more than the present value of obligations. The same is
not taken into account considering the prudence.
4. There are no Micro Small and Medium Enterprises to whom the company
owes dues, which are outstanding for more than 45 days as at 31st march
2011. This information as required to be disclosed under the Micro,
Small and Medium Enterprises Development Act, 2006 has been determined
to the extent such parties have been identified on the basis of
information available with the company.
5. Balances shown under Sundry Debtors are subject to Confirmation /
reconciliation.
6. Figures of the Previous Years have been re-grouped re- arranged,
wherever considered necessary and rounded off to nearest rupee.
Mar 31, 2010
DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING
STANDARD 18 A) List of related parties
I) Parties where control exist - nil
II) Other parties with whom company entered into transactions during
the year - nil
III) Key Management personnel and enterprises having common key
management personnel or their relatives.
Key Management Personnel:
Shri B.N.Rathi - Chairman Shri Kamal Rathi - Managing Director
Enterprises having common Key Management Personnel
B.N.Rathi Securities Limited BNR Capital Services Private Limited
Relatives of Key Management Personnel
Shri Sandeep Rathi - Son of Shri.K.N.Rathi
Smt. Mayura Rathi - Dauqhter-in-law of Shri.K.N.Rathi
2. CONTINGENT LIABILITIES (Amount in Rs.)
Particulars 2009-2010 2008-2009
a) Counter Guarantee against Bank
Gaurantee Rs. 1,75,000 Rs. 8,87,800
b) Claims of Income-Tax for the
Asst. Years 2004-2005, Nil Rs. 50,162
and 2005-2006 for which petitions
are pending with
IT Authorities (Company is hopeful
of getting full relief, hence
provision is not made.)
DEFINED BENEFIT PLAN
The employees gratutity fund scheme managed by LIC Group Gratutity is
a defined benefit plan. The present value of obligation is determined
based on acturial valuation using the Project Unit Credit Method, which
recognizes each period of service as giving to additional unit of
employee benefit entitlement and measures each unit separately to build
up the final obligation. The company is having fair value of plan
assets which is more than the present value of obligations. The same is
not taken into account considering the prudence.
3. The company received a sum of Rs. 1,25,369/- as fourth and final
instalment towards Capital Investments Subsidy for Medical
Transcription from the Government of Andhra Pradesh Information
Technology Department out of sanctioned Amount of Rs. 12,53,592/- and
the same is reduced from the relevant assets of the Company.
4. There are no Micro Small and Medium Enterprises to whom the
company owes dues, which are outstanding for more than 45 days as at 31
st march 2010. This information as required to be disclosed under the
Micro, small and medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the company.
5. Balances shown under Sundry Debtors are subject to Confirmation /
reconciliation.
6. Figures of the Previous Years have been re-grouped re- arranged,
wherever considered necessary and rounded off to nearest rupee.