Mar 31, 2015
1 CORPORATE INFORMATION:
Rajasthan Tube Manufacturing Company Limited is a Public limited
company domiciled in India and incorporated under the provision of the
Company Act 1956. The Company is engaged in manufacturing and trading
of Black and Galvanised ERW Steel Tubes and Pipes.
2. Rights, Preferences and restrictions attached to shares.
Equity Shares:
The Company has one class of equity shares having a par value of
Rs.10/- each. Each Shareholder is eligible for one vote per share held.
In the event of Liquidation, The equity Shareholders are eligible to
receive the remaining assets of the Company after distribution of all
preferential amounts if any, in proportion to their shareholding.
The term loan on vehicle is secured by hypothecation of vehicle
financed repayment term is 36 equated monthly installment of Rs.12570/-
from 19.07.2013 to 10.06.2016 interest rate 10.69% monthly compounded.
Working Capital Loan is secured by way of first charge as hypothecation
over all the current assets of the company including its book Debts.
This loan is further secured by First Charge in respect of other
movable and immovable fixed assets of Company and personal guarantee of
Shri Harish Chand Jain, Managing Director of the company.
note: Pursuant to the enactment of Companies Act 2013, the company has
applied the estimated useful lives as specified in Schedule II.
Accordingly the unamortised carrying value is being depreciated /
amortised over the revised/remaining useful lives. The written down
value of Fixed Assets whose lives have expired as at 1st April 2014
have been adjusted net of tax, in the opening balance of Profit and
Loss Account amounting to Rs. 141966/-.
3. NOTES ON FINANCIAL STATEMENT :
As at As at
31.3.2015 31.3.2014
(Rs.) (Rs.)
4. Contingent liabilities not provided for :
(i) Guarantee given by Bank 50075000 55075000
against which the Directors
have given counter guarantees.
(ii) Letter Credit Outstanding 65552522 64300000
5. Sundry Debtors, Loans & Advances and Creditors balances are
subject to confirmation from respective parties and are considered good
by the management.
6. The company extends the benefit of encashment of leave to its
employees while in service as well as on retirement. As the company
does not have any defined retirement benefit scheme in this respect,
Accounting Standard AS-15 issued by the Institute of Chartered
Accountants of India is considered not Applicable to that extent. There
is no pending encashment of leave of employees at the end of year hence
no provision is required. Provision for Gratuity has not been
considered as none of the employees has Completed Prescribed year of
service.
7. In the opinion of the management the Current Assets and Advances
are approximately of the value stated, if realised in the ordinary
course of business unless otherwise stated. The provisions for all
liabilities are adequate.
8. Provision for taxation for the current year has been made after
taking into consideration benefits admissible under the provision of the
Income Tax Act, 1961 and as per section 115 JB of the Income Tax Act,
1961.
9. The company has not received any information from suppliers or
service providers whether they are covered under the micro small and
medium enterprises (Development) Act, 2006 disclosure relating to amount
unpaid at the year end together with interest payable if any as required
under the said act are not ascertainable.
10. The Company has filed suit against Two Parties for Rs.3180262/-
towards cheque return. No provision has been made in the books of
accounts as management is of the opinion that amount is recoverable as
it pertains to suit U/s138 of Negotiable Instrument Act.
11. Debit Note/ Credit Note pertaining to transaction with RAJSICO are
booked in the year of receipt of the respective debit note/ credit note.
12. The Company operates solely in the Steel Tube/Pipes and Sheets
segment hence no separate information for segment wise disclosure is
required.
13. Related Party Transactions:
(a) Relationship :
(i) Company under common Control of the Promoters.
(a) Tridev Finance Company Limited.
(ii) Key Management Personnel
(a) Shri Harish Chand Jain (Managing Director)
(b) Shri Pradeep Kumar Jain (CFO)
(iii) Relatives of Director :
(a) Pradeep Jain (CFO)
(b) Saurabh Jain
(c )Kanta Devi Jain
(b) The Following Transactions were carried out with related parties in
the Financial year 2014-2015.
1. Hiring Charges: Rs.72000/- paid to M/s Tridev Finance Co. Ltd.
2. Managerial Remuneration : Rs.720000/- was paid to Shri Harish Chand
Jain
3. Board Meeting Fees : Rs.22500/- paid to Key Management Personnel.
4. Salary Rs.480000/- Paid to Shri Pradeep Jain (CFO).
5. Salary Rs.480000/- Paid to Shri Saurabh Jain.
6. Loans & Advance Granted and received back Rs.16460000/-
(c) The following balance were due from/to the related parties as on
31.03.2015
1. Investment in Equity share of M/s Tridev Finance Co. Ltd.
Rs.5,45,000/-.
14. The managing director has been paid Rs 720000/-(previous year
RS.720000/-) as remuneration as per schedule V of the Companies
Act,2013.Computation of net profit for the purpose, of managerial
remuneration in accordance with the Companies Act,2013 has not been
given as no commission by way of a percentage of profit is payable for
the year under review.
15. Tax deducted at source on interest income included in other income
is Rs.107246/-(Previous year Rs.104485/-).
16. Inventory includes goods in transit and consignment stock pending
sale.
17. Excise Authorities have seized some books and papers of the
company on dated 08-01-2014. But so far no show cause notice has been
issued by the department.
18. C.I.F.value of imports : Rs. Nil (Previous year Nil)
19. F.O.B. value of exports : Rs. Nil (Previous year Nil)
20. Earning Per Share
Net Profit/ (Loss) after current and deferred tax (22644204) Weighted
average number of equity shares of Rs.10/- each : 4507800 EPS (Rs.) -
Basic and Diluted -
21. Corresponding figures of the previous year have been regrouped to
confirm with this year's grouping wherever necessary.
22. Figures have been rounded off to the nearest rupee.
Mar 31, 2014
(1) Contingent liabilities not provided for :
As at As at
31.3.2014 31.3.2013
(Rs.) (Rs.)
(i) Guarantee given by Bank 55075000 525000
against which the Directors
have given counter guarantees.
(ii) Letter Credit Outstanding 64300000 96458870
(2) Sundry Debtors, Loans & Advances and Creditors balances are
subject to confirmation from respective parties and are considered good
by the management.
(3) The company extends the benefit of encashment of leave to its
employees while in service as well as on retirement. As the company
does not have any defined retirement benefit scheme in this respect,
Accounting Standard AS-15 issued by the Institute of Chartered
Accountants of India is not considered Applicable. There is no pending
encashment of leave of employees at the end of year hence no provision
is required. Provision for Gratuity has not been considered as none of
the employees has Completed Prescribed year of service.
(4) In the opinion of the management the Current Assets and Advances
are approximately of the value stated, if realised in the ordinary
course of business unless otherwise stated.
The provisions for all liabilities are adequate.
(5) Provision for taxation for the current year has been made after
taking into consideration benefits admissible under the provision of
the Income Tax Act,1961 and as per section 115 JB of the Income Tax
Act, 1961.
(6) The company has not received any information from suppliers or
service providers whether they are covered under the micro small and
medium enterprises (Development) Act, 2006 disclosure relating to
amount unpaid at the year end together with interest payable if any as
required under the said act are not ascertainable.
(7) The Company has filed suit against Two Parties for
Rs.2905631/-Towards cheque return. This amount included interest
amounting For Rs.284468/-. No provision has been made in the books of
accounts as management is of the opinion that amount is recoverable as
it pertains to suit U/s138 of Negotiable Instrument Act.
(8) Debit Note/ Credit Note pertaining to transaction with RAJSICO are
booked in the year of receipt of the respective debit note/ credit
note.
(9) The Company operates solely in the Steel Tube/Pipes and Sheets
segment hence no separate information for segment wise disclosure is
required.
(10) Related Party Transactions:
(a) Relationship :
(i) Company under common Control of the Promoters.
(a) Tridev Finance Company Limited.
(ii) Key Management Personnel
(a) Shri Harish Chand Jain (Managing Director)
(b) Shri Sunil Kumar Jain (Director)
(iii) Relatives of Director :
(a) Sourabh Jain
(b) Pradeep Jain
(c) Kanta Devi Jain
(b) The Following Transactions were carried out with related parties in
the Financial year 2013-2014.
1. Hiring Charges : Rs.72000/- paid to M/s Tridev Finance Co. Ltd.
2. Managerial Remuneration : Rs.720000/- was paid to Shri Harish Chand
Jain
3. Board Meeting Fees : Rs.21750/- paid to Key Management Personnel.
4. Salary Rs.480000/- Paid to Shri Pradeep Jain.
5. Salary Rs.480000/- Paid to Shri Sourabh Jain.
6. Loans & Advance Granted and received back Rs.14657000/-
(c) The following balance were due from/to the related parties as on
31.03.2014
1. Investment in Equity share of M/s Tridev Finance Co. Ltd.
Rs.5,45,000/-.
(11) The managing director has been paid Rs 720000/-(previous year
RS.720000/-) as remuneration as per schedule XIII of the Companies
Act,1956.Computation of net profit for the purpose, of managerial
remuneration in accordance with the Companies Act,1956 has not been
given as no commission by way of a percentage of profit is payable for
the year under review.
(12) Tax deducted at source on interest income included in other income
is Rs.104485/-(Previous year Rs.108415/-).
(13) Inventory includes goods in transit and consignment stock pending
sale.
(14).Excise Authorities have seized some books and papers of the
company on dated:08-01-2014. But so far no show cause notice was issued
by the department.
(15) C.I.F.value of imports : Rs. Nil (Previous year Nil)
(16). F.O.B. value of exports : Rs. Nil (Previous year Nil)
(17). Corresponding figures of the previous year have been regrouped to
confirm with this year''s grouping wherever necessary.
(18). Figures have been rounded off to the nearest rupee.
Mar 31, 2013
1 CORPORATE INFORMATION:
Rajasthan Tube Manufacturing Company Limited is a Pubiic limited
company domiciled in India and incorporated under the provision of the
Company Act 1956.The Company is engaged in manufacturing and trading of
Black and Galvanised ERW Steel Tubes and Pipes.
(2) Contingent liabilities not provided for :
As at 31.03.2013 As at 31.03.2012
(Rs.) (Rs.)
(i) Guarantee given
by Bankagainst which 525000 525000
the Directors have given
counter guarantees.
(ii) Letter Credit Outstanding 96458870 105500000
(iii) Claims Lodged by the company 7202456
(3) Sundry Debtors, Loans & Advances and Creditors balances are
subject to confirmation from respective parties and are considered good
by the management.
(4) The company extends the benefit of encashment of leave to its
employees while in service as well as on retirement. As the company
does not have any defined retirement benefit scheme in this respect,
Accounting Standard AS-15 issued by the Institute of Chartered
Accountants of India is not considered Applicable.There is no pending
encashment of leave of employees at the end of year hence no provision
is required. Provision for Gratuity has not been considered as none of
the employees has Completed Prescribed year of service.
(5) In the opinion ofthe managementthe Current Assets and Advances are
approximately of the value stated, if realised in the ordinary course
of business unless otherwise stated.The provisions for all liabilities
are adequate.
(6) Provision for taxation for the current year has been made after
taking into consideration benefits admissible underthe provision ofthe
IncomeTaxActJ 961 and as per section 115 JB ofthe Income Tax Act, 1961.
(7) The company has not received any information from suppliers or
service providers whether they are covered under the micro small and
medium enterprises (Development) Act, 2006 disclosure relating to
amount unpaid at the year end together with interest payable if any as
required underthe said act are not ascertainable.
(8) The Company has filed suit against Two Parties for Rs.2905631
/-Towards cheque return.This amount inclused interest amounting to
Rs.284468/-. No provision has been made in the books of accounts as
management is ofthe opinion that amount is recoverable as it pertains
to suit U/ s138 of Negotiable Instrument Act.
(9) Debit Note/Credit Note pertaining to transaction with RAJSICO are
booked in the year of receipt ofthe respective debit note/ credit note.
(10) The Company operates solely in the Steel Tube/Pipes and Sheets
segment hence no separate information for segment wise disclosure is
required.
(11) Related Party Transactions: (a) Relationship:
(i) Company under comman Control ofthe Promoters.
(a) Tridev Finance Company Limited. (ii) Key Management Personnel
(a) Shri Harish Chand Jain (Managing Director)
(b) Shri Sunil Kumar Jain (Director) (iii) Relatives of Director:
(a) SourabhJain
(b) PradeepJain
(c) Kanta Devi Jain
(b) The Following Transactions were carried out with related parties in
the Financial year 2012-2013.
1. HiringCharges :Rs.72000/-paidtoM/sTridevFinanceCo.Ltd.
2. Managerial Remuneration: Rs.720000/- was paid to Shri Harish Chand
Jain
3. Board Meeting Fees: Rs.16800/- paid to Key Management Personnel.
4. Salary Rs. 380000/- Paid to Shri Pradeep Jain.
5. Salary Rs. 380000/- Paid to Shri Sourabh Jain.
6. Loans & Advance Granted and received back Rs. 14585000/-
(c) The following balance were due from/to the related parties as on
31.03.2013 1. Investment in Equity share of M/sTridev Finanee Co. Ltd.
Rs. 5,45,000/-.
(12) The managing director has been paid Rs 720000/-(previous year
RS.720000A) as remuneration as per schedule XIII ofthe Companies Act,
1956.Computation of net profit for the purpose, of managerial
remuneration in accordance with the Companies Act, 1956 has not been
given as no commission by way of a percentage of profit is payable for
the year under review.
(13) Tax deducted at source on interest income included in other income
is Rs.108415/-(Previous year Rs.110481/-).
(14) Inventory includes goods in transit and consignment stock pending
sale.
(15) C.I.F.value of imports : Rs. Nil (Previous year Nil)
(16) F.O.B. value of exports: Rs. Nil (Previous year Nil)
(17) Earning Per Share
Net Profit/ (Loss) after current and deferred tax 2514244
Weighted average number of equity shares of Rs.10/- each: 4507800 EPS
(Rs.)-Basic and Diluted 0.56
(18) Corresponding figures of the previous year have been regrouped to
confirm with this year''s grouping wherever necessary.
(19) Figures have been rounded off to the nearest rupee.
Mar 31, 2012
1 CORPORATE INFORMATION:
Rajasthan Tube Manufacturing Company Limited is a Public limited
company domiciled in India and incorporated under the provision of the
Company Act 1956.The Company is engaged in manufacturing and trading of
Black and Galvanised ERW Steel Tubes and Pipes.
a) Rights, Preferences and restrictions attached to shares.
Equity Shares:
The Company has one class of equity shares having a par value of
Rs.10/- each. Each Shareholder is eligible for one vote per share held.
In the event of Liquidation,The equity Shareholders are eligible to
receive the remaining assets of the Company after distribution of all
preferential amounts if any, in proportion to their shareholding.
NOTE:Working Capital Loan is secured by way offirst charge as
hypothecation over all the current assets of the company including its
bookDebts. This loan is further secured by First Charge in respect of
other movable and immovable fixed assets of Company and personal
guarantee of Shri Harish Chand Jain,Managing Director of the company.
II. NOTES ON FINANCIAL STATEMENT:
(2) Contingent liabilities not provided for :
As at 31.03.2012 As at 31.03.2011
(Rs.) (Rs.)
(i) Guarantee given by Bank
against which 525000 1881854
the Directors have given
counter guarantees.
(ii) Letter Credit Outstanding 105500000 92000020
(iii) Claims Lodged by the company 7202456 7202456
(3) Sundry Debtors, Loans & Advances and Creditors balances are
subject to confirmation from respective parties and are considered good
by the management.
(4) The company extends the benefit of encashment of leave to its
employees while in service as well as on retirement. As the company
does not have any defined retirement benefit scheme in this respect,
Accounting Standard AS-i 5 issued by the Institute of Chartered
Accountants of India is not considered Applicable.There is no pending
encashment of leave of employees at the end of year hence no provision
is required. Provision for Gratuity has not been considered as none of
the employees has Completed Prescribed year of service.
(5) In the opinion of the management the Current Assets and Advances
are approximately of the value stated, if realised in the ordinary
course of business unless otherwise stated. The provisions for all
liabilities are adequate.
(6) Provision for taxation for the current year has been made after
taking into consideration benefits admissible under the provision of
thelncomeTaxAct,1961 and as per section 115 JB of the Income Tax Act,
1961.
(7) The company has not received any information from suppliers or
service providers whether they are covered under the micro small and
medium enterprises (Development) Act, 2006 disclosure relating to
amount unpaid at the year end together with interest payable if any as
required under the said act are not ascertainable.
(8) The Company operates solely in the Steel Tube/Pipes and Sheets
segment hence no separate information for segment wise disclosure is
required.
(9) Related Party Transactions:
(a) Relationship:
(i) Company under comman Control of the Promoters.
(a) Tridev Finance Company Limited.
(ii) Key Management Personnel
(a) Shri Harish Chand Jain (Managing Director)
(b) Shri Sunil Kumar Jain (Director)
(iii) Relatives of Director:
(a) SourabhJain
(b) PradeepJain
(c) Kanta Devi Jain
(b) The Following Transactions were carried out with related parties in
the Financial year 2011-2012.
1. Hiring Charges :Rs.72000/- paid to M/sTridev Finance Co. Ltd.
2. Managerial Remuneration: Rs.720000/- was paid to Shri Harish Chand
Jain
3. Board Meeting Fees: Rs. 16800/- paid to Key Management Personnel.
4. Salary Rs.180000/- Paid to Shri PradeepJain.
5. Salary Rs.180000/-Paid to Shri Sourabh Jain.
6. Loans & Advance taken and paid back Rs.2800000/-
7. Loans & Advance Granted and received back Rs.11676000/-
(c) The following balance were due from/to the related parties as on
31.03.2012 1. Investments Equity share of M/s Tridev Finance Co. Ltd.
Rs.5,45,000/-.
(10) The managing director has been paid Rs 720000/-(previous year
RS.72000Q/-) as remuneration as per schedule XIII of the Companies
Act,1956.Computation of net profit for the purpose, of managerial
remuneration in accordance with the Companies Act,1956 has not been
given as no commission by way of a percentage of profit is payable for
the year under review.
(11) Tax deducted at source on interest income included in other income
is Rs.110481/-(Previous year Rs.72978/-).
(12) Inventory includes goods in transit and consignment stock pending
sale.
(13) C.I.F. value of imports : Rs. Nil (Previous year Nil)
(14) F.O.B. value of exports: Rs. Nil (Previous year Nil)
(15) Earning Per Share - Net Profit/(Loss) after current and deferred
tax 7249419 Weighted average number of equity shares of Rs. 10/- each:
4507800 EPS (Rs.)-Basic and Diluted 1.61
(16) Corresponding figures of the previous year have been regrouped to
confirm with this year's grouping wherever necessary.
(17) Figures have been rounded off to the nearest rupee.
Mar 31, 2010
(1) Contingent liabilities not provided for:
As at As at
31.3.2010 31.3.2009
(Rs.) (Rs.)
(i) Guarantee given by Bank 18,81,854 1,63,31,854
against which the Directors
have given counter guarantees.
(ii) Letter Credit Outstanding 8,48,00,000 4,59,70,000
(2) Payment to Auditors.
Current Previous
Year Year
(Rs) (Rs)
(i) Aydit fees 14,500 14,500
(ii) Tax Audit 5,000 5,000
(iii) Reimbursement of Expenses 15,500 12,200
(2) Sundry Debtors and Creditors balances are subject to confirmation
from respective parties.
(3) The company extends the benefit of encashment of leave to its
employees while in service as well as on retirement. As the company
does not have any defined retirement benefit scheme in the respect,
Accounting Standard AS-15 issued by thelnstutute of Chartered Accountants
of India is not considered applicable, encashment of leave accumulated
while in service is at the option of employees and is accounted for as
and when claimed hance not provided for.
(4) In the opinion of the management the Current Assets and Advances
are approximately of the value stated, if realised in the ordinary
course of business unless otherwise stated. The provisions for all
liabilities are adequate.
(5) Provision for taxation for the current year has been made after
taking into consideration benefits admissible under the provision of
the Income Tax Act,1961 and as per section. 115 JB of the Income Tax
Act, 1961.
(6) Lease hold Land ,Building and Plant & Machinery located at factory
premises at B-61, Ambaji Industrial Area, Abu Road as on 01 -04-94 have
been revalued as per valuation report of approved valuer and difference
between revaluation cost and cost as per books has been incorporated in
books and the corresponding amount of net increase Rs.1,57,33,295/- has
been transferred in revaluation reserve account.
(7) The information regarding SSI units is under compilation and hence
dues to such units can not be readily determined hence the same was not
disclosed in balance sheet.Normally dues to all the creditors are paid
in accordance with the agreed credit terms.
(8) The Company operates solely in the Steel Tube/Pipes and Sheets
segment hence no separate information for segment wise disclosure is
required.
(9) Related Party Transactions:
(a) Relationship:
(i) Company under comman Control of the Promoters.
(a) Tridev Finance Company Limited.
(ii) Key Management Personnel
(a) Shri Harish Chand Jain (Managing Director)
(b) Shri Sunil Kumar Jain (Director)
(b) The Following Transactions were carried out with related parties in
the Financial year 2009-2010.
1. Hiring Charges :Rs.72000A paid to M/s Tridev Finance Co. Ltd.
2 Managerial Remuneration :Rs.600000A was paid to Shri Harish Chand
Jain
3. Rent :Rs32000/- paid to SmtKanta Devi Jain Relative of Shri Harish
Chand Jain.
4. Board Meeting Fees: Rs. 14760/- paid to Key Management Personnel.
5. Salary Rs.180000/- Paid to Shri Pradeep Jain.
6. Salary Rs.180000/- Paid to Shri Sourabh Jain.
(c) The following balance were due from/to the related parties as on
31.03.2010 1. Investment in Equity share of M/s Tridev Finance Co.
Ltd. Rs.5,45,000/-.
(10) Depreciation includes Rs 3,29,151 against revalued amount of fixed
assets and equivalent amount has been withdrawn from revaluation
reserve and transferred to general reserve.
(11) The managing director has been paid Rs 600000/-(previous year
RS.480000A) as remuneration as per schedule XIII of the Companies
Act,1956.Computation of net profit for the purpose, of managerial
remuneration in accordance with the Companies Act,1956 has not been
given as no commission by way of a percentage of profit is payable for
the year under review.
(12) Tax deducted at source on interest income included in other income
is Rs.l 29655/- (Previous year Rs.124774/-).
(13) Inventory includes goods in transit and consignment, stockpending
sale.
(14) All raw materials, stores and spares consumed are indigenous.
(15) C.t.F.value of imports : Rs. Nil (Previous year Nil)
(16) F.O.B. value of exports: Rs. Nil (Previous year Nil)
(17) Corresponding figures of the previous year have been regrouped to
confirm with this years grouping wherever necessary.
(18) Figures have been rounded off to the nearest rupee.
(19) Additional information pursuant to Part IV of Schedule VI of
the-Companies Act, 1956.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article