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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, 2012

1. Capital-work-in progress is for purchase of mining machineries as well as advance for construction and acquisition of immovable assets.

2. Contingent liabilities not provided for includes bank guarantee issued by State Bank of India NIL (previous year NIL).

3. The estimated amount of contract remaining to be executed on capital account and not provided for net of advance Rs.Nil (previous year Rs. Nil).

4. There were no amount due and outstanding to be credited to investor Education and Protection fund.

5. Loans and advances, sundry debtors and sundry creditors are subject to confirmation by management.

6. Advances includes amount due from employees Rs.39,023/- maximum outstanding during the year Rs.43,023/-.

7. The Company has not provided for the diminution / appreciation in the value of long-term investment made since in the opinion of the management such diminution / appreciation in their value is temporary in nature considering the interest value and nature of the investments and invested assets.

8. (a) Sundry creditors include Rs.Nil (previous year Rs.Nil/-) due to small scale and ancillary undertakings.

(b) The above information has been determined to the extent such parties have been identified as small scale and ancillary undertaking on the basis of information available with the Company.

9. The company has loans & advances and debts recoverable from various firms and companies.

(a) In respect of advances aggregating to Rs.17873786/-, which are considered doubtful for recovery and for which Rs.10257498/- provision has been made.

(b) In respect of debts aggregating to Rs.639237/-, which are considered bad / doubtful for recovery and for which Rs.639237/- provision has been made.

(c) In respect of debt aggregating to 6916734, outstanding from companies have been written off by the Company during the year, against the provision of Rs. 3458363 already made in earlier years.

(d) The company is taking all efforts including legal course to recover the amounts outstanding from the respective parties.

(e) The management believes that ultimate losses that may result on account of these loans and advances and debts will depend upon the amount that would be realized in subsequent years.

10. 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

Dr. Sudhir Doshi Mr.

O.P. Jain

Mr. M.P. Dhruv

11. Provisions for Taxation:

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

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

13. 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.


Mar 31, 2010

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. Earning per Share:

2009-2010 2008-2009

Net Profit/(Loss) for the year 1775445 116321

No. Of Equity Shares 3108300 3108300

Nominal Value of the Shares 10.00 10.00

Basic & Diluted EPS 0.57 0.04

4. 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 Ravinder Puri

Mr.Ashok Doshi

Mr.Devendra Sharma

Mr. B.S. Devpura

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 2010, 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.

5. Particulars in respect of loans and advances in the nature of loans as required by the listing agreement:

(Rs. in lakhs)

Balance as on Maximum

31.03.2010 Outstanding

during the year

Loans and advances in the nature of loans 27722051 35236450 Where repayment schedule is not specified

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

7. Provisions for Taxation:

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

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

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

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