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Notes to Accounts of Rajdarshan Industries Ltd.

Mar 31, 2014

1. Related Party Disclosures:

Related party Disclosure, as required by Accounting Standard (AS-18) "Related Party Disclosure" issued by the ICAI are given below :

The company has identified all the related parties having transactions during the year, as per details given below: -

(i) List of Related Parties:

(a) Individual exercising control or significant influence:

DIRECTORS

Mr.Ashok Doshi

Mr.Devendra Sharma

Dr. Sudhir Doshi

Mr. O.P. Jain

Mr. M.P. Dhruv

(ii) In respect of the outstanding balance recoverable as at 31st March 2014, no provision for doubtful debts is required to be made. During the year, there were no amounts written off or written back from such related parties.

2. Provisions for Taxation:

Provision for Income Tax was made as per of income tax act after deducting carry forward losses.

3. The figures of the previous year have been regrouped / rearranged wherever necessary to make them comparable with the current year''s figures.

4. Figures have been rounded off to the nearest Rupee.


Mar 31, 2013

1. Working of deferred taxes is based on assessment orders where assessments are completed and on return of income in other cases.

2. Provision for deferred taxes has been made at the tax rates that have been enacted or substantively enacted by the balance sheet date.

3. Related Party Disclosures:

Related party Disclosure, as required by Accounting Standard (AS-18) "Related Party Disclosure" issued by the ICAI are given below :

KEY MANAGERIAL PERSONNEL

Mr. Dileep Singh, Project Manager

Mr. K.M. Murdia, Finance Manager & Compliance Officer

(ii) In respect of the outstanding balance recoverable as at 31st March 2013, no provision for doubtful debts is required to be made. During the year, there were no amounts written off or written back from such related parties.

Notes :

(a) Figures in brackets represent previous year figures.

(b) (P) represents-payables, (R) represents-Receivables, amount outstanding as on 31.03.2013.

(c) Remuneration to Directors - Nil

(d) Remuneration paid to key managerial personnel of the company amounted to Rs. 568825/-.

4. Provisions for Taxation:

Provision for Income Tax was made as per of income tax act after deducting carry forward losses.

5. The figures of the previous year have been regrouped / rearranged wherever necessary to make them comparable with the current year''s figures.

6. Figures have been rounded off to the nearest Rupee.


Mar 31, 2011

1. Related Party Disclosures:

Related party Disclosure, as required by Accounting Standard (AS-18) "Related Party Disclosure" issued by the ICAI are given below :

The company has identified all the related parties having transactions during the year, as per details given below: -

(i) List of Related Parties:

(a) Individual exercising control or significant influence:

DIRECTORS

Mr. B.S. Devpura

Mr. Ashok Doshi

Mr. Devendra Sharma

Mr. Ravindra Puri (Retired on 13-05-2011)

Dr. Sudhir Doshi

Mr. O.P. Jain

Mr. M.P. Dhruv

KEY MANAGERIAL PERSONNEL

Mr. Dileep Singh, Project Manager

Mr. K.M. Murdia Finance Manager & Compliance Officer

(ii) In respect of the outstanding balance recoverable as at 31st March 2011, no provision for doubtful debts is required to be made. During the year, there were no amounts written off or written back from such related parties.

2. Quantitative information in respect of opening stock, closing stock, sales, purchases, production and consumption of raw materials and finished goods.

3. Provisions for Taxation:

Provision for Income Tax was made as per of income tax act after deducting carry forward losses.

4. The figures of the previous year have been regrouped / rearranged wherever necessary to make them comparable with the current year's figures.

5. Figures have been rounded off to the nearest Rupee.

 
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