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Notes to Accounts of Rajkamal Synthetics Ltd.

Mar 31, 2015

Note 1 : Related Party Transactions

a) List of Related Parties :

Key Management Personnel (KMP)

Mr. Sushil Sanghai Director Mr. Sheodutt Sanghai Director Mr. Rajendra Nangalia Director

Other Related Party (Enterprise Owned or significantly Influenced by Key Management Personnel)

(1) Provincial Housing & Property Ltd.

(2) Cipolin Investments Pvt. Ltd.

(3) Elitex Pvt. Ltd.

(4) Goenka & Sanghai International Education LLP

(5) Vishnuhari Export

(6) R. B. Overseas Pvt Ltd.

(7) Acolyte Infrastructure & Mining Ltd.

(8) Plaza Diamond Properties Pvt. Ltd.

(9) Seanto Mineral Energy Ltd.

(10) Rajendra Enterprises (prop.)

Note 2 : Foreign Currency :

Expenses in foreign currency NIL (P. Y. NIL)

Earning in foreign currency NIL (P. Y. NIL)

Note 3 : The company has no outstanding dues to small scale industries undertaking as on 31st March, 2015.

Note 4 : During the year, the company has not carried on more than one activity. Therefore Segment Reporting as per AS 17 is not applicable to the company.

Note 5 : Previous year's figures have been regrouped / rearranged wherever necessary, so as to make them comparable with those of the current year.


Mar 31, 2014

Note 1 : Related Party Transection

a) List of Related Parties :

Key Management Personnel (KMP)

Mr. Sushil Sanghai Director

Mr. Sheodutt Sanghai Director

Mr. Rajendra Nangalia Director

Mr. Ashok Jakhotia Additional Director

Mr. Jagdish Prasad Ladha Additional Director

Other Related Party (Enterprise Owend or significantly Influenced by Key Management Personnel)

(1) Provincial Housing & Property Ltd. (2) Cipolin Investments Pvt. Ltd. (3) Elitex Pvt. Ltd. (4) Goenka & Sanghai International Education LLP

(2) Vishnuhari Export (6) R. B. Overseas Pvt Ltd. (7) Acolyte Infrastructure & Mining Ltd. (8) Plaza Diamond Properties Pvt. Ltd. (9) Seanto Mineral Energy Ltd.

(3) Rajendra Enterprises (prop.) (11) Shivbalaji Managment Pvt. Ltd.

b) Related Party Transection

Note 2 : Foreign Currency :

Expenses in foreign currency NIL (P. Y. NIL)

Earning in foreign currency NIL (P. Y. NIL)

Note 3 : The company has no outstanding dues to small scale industries undurtaking as on 31st March, 2014.

Note 4 : Previous year''s figures have been regrouped / rearranged wherever necessary, so as to make them comparable with those of the current year.


Mar 31, 2012

The company has only one class of shares referred to as Equity shares having a par value of Rs.10/- each and holder of equity share is entitled to one vote per share.

The company increased its issued share capital by issuing 42,50,000 shares of Rs.10 each to the Unsecured Loan Parties as against the amount pending for repayment.

As certified by the Management Contingent Liabilities are not provided for Rs. 39827 (P.Y. Rs.39827) in respect of ESIC mat- ter in dispute and pending in appeal.

No provision has been made for interest on unsecured loan from Directors as the management has decided to account for the same on payment basis.

Company Overview :

Rajkamal Synthetics (RAJKSYN), incorporated on May 02, 1981 as a private limited company, was engaged in the business of manufacturing and marketing textiles and synthetic fabrics, cotton-cum-synthetic textiles but has stopped operations since 1993-1994. Earlier known as Balaji Prints, it got its present name in 1986. .


Mar 31, 2011

(1) As certified by the Management Contingent Liabilities are not provided for Rs. 39827 (P. Y. 39827) in respect of ESIC matter in dispute and pending in appeal.

(2) No provision has been made for interest on unsecured loan from Directors as the management has decided to account for the same on payment basis.

(3) Balances of Sundry Debtors, Creditors Loans and Advances are subject to their confirmation and reconciliation, if any.

(4) Additional information required under Schedule VI of Part II of the Companies Act, 1956 (as certified by the Management) is not applicable.

(5) Additional information pursuant to Part IV of Schedule VI of the Companies Act, 1956 is attached.

(6) Figures in brackets are of previous year.

(7) Previous year figures have been rearranged/regrouped wherever necessary to confirm to this years classification.


Mar 31, 2010

(1) As certified by the Management Contingent Liabilities are not provided for Rs. 39827 (P. Y. 39827) in respect of ESIC matter in dispute and pending in appeal.

(2) No provision has been made for interest on unsecured loan from Directors as the management has decided to account for the same on payment basis.

(3) Balances of Sundry Debtors, Creditors Loans and Advances are subject to their confirmation and reconciliation, if any.

(4) Additional information required under Schedule VI of Part II of the Companies Act, 1956 (as certified by the Management) is not applicable.

(5) Additional information pursuant to Part IV of Schedule VI of the Companies Act, 1956 is attached.

(6) Figures in brackets are of previous year.

(7) Previous year figures have been rearranged/regrouped wherever necessary to confirm to this years classification.

 
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