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Notes to Accounts of Rammaica (India) Ltd.

Mar 31, 2015

1. Share Capital

a. Terms/rights attached to equity shares

The company has only one class of equity shares having par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all the preferential amounts. The distribution will be in proportion to the number of equity held by the shareholders.


Mar 31, 2013

Not Available


Mar 31, 2012

A Terms/rights attached to equity shares

The company has only one class of equity shares having par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all the preferential amounts. The distribution will be in proportion to the number of equity held by the shareholders.

Note 1 Related Party Transaction

List of related party - where control exist

a. Wholly owned subsidiary companies

Maharashtra Laminates Limited Hanuman Laminates (I) Pvt Limited

b. Promoter/ Associates Kyner Trading Pvt Ltd Tien Trading Pvt Ltd

VRB Capital Services India Pvt Ltd Karma Industries Ltd

c. Key managerial personnel Abhishek Mehta

d. Individuals having control or significant influence over the Group:-

Mr. Hemang Sampat Mr. Ashwin Shah Mrs.Bhavna Mehta

Significant Accounting Policies to Financial statements for the year ended 31 March 2012.

Corporate Information

Rammaica India Limited (RMIL) was originally incorporated on 31st March, 1981 as "Ram Decorative & Industrial Laminates Limited" and obtained certificate of commencement of business on 1st May, 1981. The name of the company was changed to Rammaica (India) Limited and fresh Certificate was obtained on 13th July, 1992.The company has set up a plant at Plot No.F-9, MIDC Industrial Ares, Tarapur, Maharashtra with a capacity to manufacture 1500 tonnes per annum of Decorative Laminates of various designs and thickness. The plant was commissioned during 1984 and the products are marketed under the brand name "RAMMAICA" and "RAMOPAL". The in-house technology has been upgraded from time to time and the Company's products are well accepted and its brand names well known in the market. RMIL, w.e.f. April 1, 1993 has taken over the activities of its group company, Ramglas (India) Limited, engaged in the manufacturing and marketing of Decorative Fibre glass reinforced sheets under the brand name RAMGLAS.

Basis of Preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the companies Act 1956. The Financial statements have been prepared on an accrual basis. The accounting policies adopted in the preparation of financial statements are considered with those of previous year, except for the change in accounting policy explained below.


Mar 31, 2010

(1) The company had revalued as on 31.03.92 its fixed assets situated at Plot No. F-9, MIDC Industrial Area, Tarapur - 401 506, Dist-Thane, Maharashtra state, based on the report of an approved valuer, revalued at fair market value. The resultant increase in the book value of the said assets amounting to Rs. 2,90,46,798/- was credited to Revaluation Reserve.

(2) a) As at 31st March, 2010, there are no Micro, Small and Medium

Enterprise, as defined in the Micro, Small, Medium Enterprises Act, 2006, to whom the company owes dues on account of principal amount or interest, Accordingly no additional disclosure have been made, b) The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

(3) Segment Reporting : (Accounting Standard 17)

Segment reporting requirements under Accounting Standard 17 issued by Institute of Chartered Accoutants of India is not done, neither applicable, since no business activities conducted during the year.

4) Related Party Disclosures: (AccountingStandard 18)

ID List of related parties withwhom transactions took place durina the vear and relationship

Party Relationship

1. Ram House Limited Associate

2. Indecomal Exports Ltd. Associate

3. Maharashtra Laminates Ltd. Subsidary

4. Hanuman Lam. (India) Pvt. Ltd. Subsidary