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Notes to Accounts of REIL Electricals India Ltd.

Mar 31, 2014

CORPORATE INFORMATION:

REIL Electricals India Limited (the Company) was incorporated on 11th day of April, 1973 as a Public Limited Company under the provisions of The Companies Act, 1956 (The Act).

The Company is engaged in the business of manufacturing and selling of all types of auto electrical items.

2. CONTINGENT LIABILITIES IN RESPECT OF :

Particulars March 31, 2014 March 31, 2013 Rupees in Lakhs Rupees in Lakhs

Central Excise demands in Appeal 108.00 108.00

3. INCOME TAX :

No provision is made towards Income Tax in view of Loss suffered during the year.

4. The Company has sent confirmation Letters to all parties, but a few parties have to still confirm the balances.

5. Previous year''s figures regrouped wherever necessary.


Mar 31, 2013

1 . The Company has sent confirmation letters to all parties, but a few parties have to still confirm the balances.

2. Previous year''s figures have been regrouped wherever necessary.


Mar 31, 2012

Additional Notes:

1) No new shares were issued during the current year. Hence, there is no change in number of shares outstand- ing as at the beginning and as at the end of the reporting period.

2. Balances standing to the debit/credit of parties are subject to confirmation and reconciliation.

3. Components of deferred tax include:

(i) Difference between IT & book depreciation. Rs. 80.95 lakhs

4. Previous year's figures have been regrouped wherever necessary.


Mar 31, 2011

1. CONTINGENT LIABILITIES IN RESPECT OF :

March 31, 2011 March 31, 2010

Rs/Lakhs Rs/Lakhs

Central Excise demands in Appeal 123.86 86.75

2. The Company does not owe any sum exceeding Rs. 1.00 Lakh beyond 30 days to any party for supplies made by creditors who are SSI units.

3. Balances standing to the debit/credit of parties are subject to confirmation and reconciliation.

4. Components of deferred tax include:

(i) Difference between IT & book depreciation. 85.69 lakhs

5. Segment Reporting:

The Company recognises primary segment as the geographical location of its customers within and outside India.

6. Previous year's figures have been regrouped wherever necessary.


Mar 31, 2010

1. CONTINGENT LIABILITIES IN RESPECT OF :

March 31, 2010 March 31, 2009

Rs/Lakhs Rs/Lakhs

Central Excise demands in Appeal 86.75 86.75

2. The Company did not provide for Deferred tax in view of carried forward losses.

3. The Company does not owe any sum exceeding Rs. 1.00 Lakh beyond 30 days to any party for supplies made by creditors who are SSI units.

4. Balances standing to the debit/credit of parties are subject to confirmation and reconciliation.

5. Salaries , Wages & Other benefits include Rs.77.45 lakhs paid in Voluntary Separation Scheme

6. Segment Reporting:

The Company recognises primary segment as the geographical location of its customers within and outside India.

Sales within India : 1717.63 lakhs

Sales outside India : 333.52 lakhs

Total : 2051.15 lakhs

The entire tangible fixed assets of the company are located in India.

7. Related Parties Disclosures : (Rs in lakhs)

The Company had transactions with the following related parties.

a) Mr B S Sahney, Chairman Managing Director-Remuneration 33.01

b) Time & Space Advertising Services Pvt.Ltd., -

Printing & Stationery 0.84

8.Previous years figures have been regrouped wherever necessary.

 
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