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Notes to Accounts of RCC Cements Ltd.

Mar 31, 2015

1. Related Party Disclosures

Related party disclosures as required under Accounting Standard (AS)-18 "Related Party Disclosures".

2. The company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the company has complied with the Accounting Standards as applicable to a Small and Medium-sized Company.

3. The company has not received any intimation from "suppliers" regarding their status under Micro Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been furnished.

4. The figures of previous years have been recast/regrouped wherever necessary to make them comparable and for the purpose of our audit.

5. Debit and credit balances standing in the name of the parties are subject to confirmation from them.

Pursuant to reduction of unlisted share capital of the Company in terms of The Hon'ble Delhi High Court order dated 22.03.2012, the credits on account of reduction of capital have been adjusted against various Debit balances standing in the name of parties who were advanced these sums (which is the reason for objection from Bombay Stock Exchange) on deployment of fund received at the time of allotment of shares which are now cancelled.


Mar 31, 2014

Corporate information

RCC CEMENTS LIMITED Company incorporated under the provisions of the Companies Act, 1956.

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 company follows the Mercantile System of Accounting recognizing Income and Expenditure on accrual basis.

* The directors have certified that there are no outstanding expenses not provided for and nor there are income which have fallen due but not accounted for. The accounts are prepared on historical cost basis and as a going concern.

* The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.

1.Share Capital

Terms/Rights attached to equity shares

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

Aggregate number of bonus shares issued, shares issued for consideration other than cash during the period and during five years immediately preceding the reporting date

2.Related Party Disclosures :

(A) Related parties and key management personal

Mr. Sunil Kumar

(B) No transactions have taken place with related parties during the financial year.

3. The company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the company has complied with the Accounting Standards as applicable to a Small and Medium-sized Company.

4. The company has not received any intimation from "suppliers" regarding their status under Micro Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been furnished.

5. The figures of previous years have been recast/regrouped wherever necessary to make them comparable and for the purpose of our audit.

6. Debit and credit balances standing in the name of the parties are subject to confirmation from them.


Mar 31, 2013

1. Corporate information

RCC CEMENTS LIMITED Company incorporated under the provisions of the Companies Act, 1956.

2. 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 company follows the Mercantile System of Accounting recognizing Income and Expenditure on accrual basis.

- The directors have certified that there are no outstanding expenses not provided for and nor there are income which have fallen due but not accounted for. The accounts are prepared on historical cost basis and as a going concern.

- The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.

3. Related Party Disclosures :

(A) Related parties and key management personal

i. Mr. Sunil Kumar ii. Mr. Mukesh Sharma iii. Mr. Kishore Bhatia

(B) No transactions have taken place with related parties during the financial year.

4. The company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the company has complied with the Accounting Standards as applicable to a Small and Medium-sized Company.

5. The company has not received any intimation from "suppliers" regarding their status under Micro Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been furnished.

6. The figures of previous years have been recast/regrouped wherever necessary to make them comparable and for the purpose of our audit.

7. Debit and credit balances standing in the name of the parties are subject to confirmation from them.

 
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