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